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Markets still falling like whoa

Llano Estacado

By Llano Estacado
in Business and Markets

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Anastasis

Anastasis 23447

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Posted (edited)
1 minute ago, Cheeseweasel said:

I sweater god he's the King of Pump and Dump

I was just listening to him talk about the Russian vaccine and he is a fucking idiot. He comes off like a jackass when the smoke show brunette who knows her shit is trying to explain to him how the Russian vax works and its background. 

Edited by Anastasis
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Eastwood
Eastwood

That's why I'm out. There is no end game, IMO. This has to be fixed outside of the market and I got too nervous about what that entails for retail investors. They will always be last on the list, if o

Rusty Shackelford
Rusty Shackelford
Eastwood
Eastwood

I'm not a financial advisor. This is not financial advise. I don't work in finance. I do not have a degree in finance. Actually, I have a BA and I'm bad at math past Cal I. I won't apologize for the l

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bernorange

bernorange 8357

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8 minutes ago, Cheeseweasel said:

The Fed Money Printer as VP would be the best option. BIDEN/BRRRRRRRRRRRRRTTTTTTT 2020

You joke, but it brings to mind a famous quote:

Quote

A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. ...

 

Edited by bernorange
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ChiTownDoc

ChiTownDoc 21119

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Posted

^^^^
Oh and I got a lay off the land from my dumbass pro:

50% bonds (boooorrriiingggg)

43% equities 

7% cash

Doesn’t include things outside my main investment account.  Definitely too young to have that much in bonds but I’ll wait for a pullback and rotate.  At least I plugged back in and caught 75% of this run up.  

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tokamak

tokamak 6383

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I'm starting to think we're never going to get a correction. Why would we? No CR, but I don't think there's much appetite from either party to stop JPow's infinite money printer. Furthermore, our government is too ineffectual, divided, and preoccupied to do anything about the near-monopoly positions that the big tech firms, which are driving the run up, have carved out for themselves. COVID is far from over and will continue to fester until there's a widespread vaccine next year but I sense a feeling setting in among most people that the worst is behind us.

You might retort, "But unemployment! Unpaid mortgages!" and in a normal world I'd absolutely agree. But that hasn't affected shit yet (e.g. Target posting huge earnings this morning) and probably won't get any worse than it is right now.

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JBJ

JBJ 3654

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24 minutes ago, ChiTownDoc said:

^^^^
Oh and I got a lay off the land from my dumbass pro:

50% bonds (boooorrriiingggg)

43% equities 

7% cash

Doesn’t include things outside my main investment account.  Definitely too young to have that much in bonds but I’ll wait for a pullback and rotate.  At least I plugged back in and caught 75% of this run up.  

Less than 50% in equities is irritating. I'm about to do the same (pro advice and readjust my position).  Always good to gather other data points going in.  I'll try to repost whatever they say.

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CooterBrown

CooterBrown 17986

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^^^^
Oh and I got a lay off the land from my dumbass pro:
50% bonds (boooorrriiingggg)
43% equities 
7% cash
Doesn’t include things outside my main investment account.  Definitely too young to have that much in bonds but I’ll wait for a pullback and rotate.  At least I plugged back in and caught 75% of this run up.  

Financial advising is maybe the least valuable profession.
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ChiTownDoc

ChiTownDoc 21119

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1 hour ago, Trey3216 said:

AAPL hit $2tn market cap today.  Jesus  

So my best friend growing up... his dad had survived the Holocaust as a child.  Obviously that changed him forever.  Saved like crazy.  Would buy a new Camry every 5 years.  That was his splurge.  Houses in our neighborhood cost 80-100k.  You get the point...his dad passed around 50.  Left Micheal 15-20M.  He invested  on his own and dropped to 4M ish after dot com crash.  He put every cent into Apple and has not touched it since.  He lives like a totally normal dude but he is loaded to the gills.  So there’s someone out there who lucked out at least.  

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ChiTownDoc

ChiTownDoc 21119

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51 minutes ago, CooterBrown said:


Financial advising is maybe the least valuable profession.

Totally agree.  I go to guys that can bring me real business and value outside of FA.  That’s how I pick who gets to manage shit.  Bring me big hospital contracts and I can stomach paying you to mismanage my money.  

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