The stock market is tanking, we should be happy right????

[FlyerInHi]

[quote=The-Shoveler]
I really think there is a chance the USA will not exist in its present form in 25 years.[/quote]

Vladimir Putin’s lifelong achievement.

I always think of non native Californians as immigrants regardless they are from Mexico or Kansas. We are going to have illegal immigrants from Iowa working as waiters in LA.

[ltsddd]

That MS dude probably missed out on the buying opportunity a couple weeks ago and is now wishing for another dip so he could jump in. I think that little correction was overdue and healthy. Fundamentally, I don’t see how March 18 is any different than March 17. My guess is that the major indices are more likely to go up then down 10% here on out…or at least that’s what I am hoping since I went all in a couple weeks ago.

[FlyerInHi]

[quote=spdrun]^^^

That’s not a bad thing — there’s no reason why CA needs to pay to support states that are frankly ungrateful. It would be better if the US did not exist in its present form in a few decades.[/quote]

From a financial markets perspective it will be very interesting. Without transfer payments from a federal government, the poor states will need their own currencies which they can devalue in order to export and attract investments

We can use our strong California Dollar to buy cheap products from around the world. It will result in a higher standard of living for us.

As far as the military, we can outsource to cheap militia just like Ronald Reagan’s mentor economist, Milton Friedman advocated.

[Coronita]

[quote=plm][quote=flu][quote=kev374]down again and Morgan Stanley has just come out saying this is just an appetizer and to wait for a massive crash later this year… buckle up. Seriously what did the retards in Washington think was going to happen when they took on all this ridiculous debt?[/quote]

I fail to see how this is Washington’s fault. and if a crash was so obvious that it was going to happen to everyone, why would one move a massive amount of money into the market right before it happens..

Seems to me that the beginning this year the markets were still going gangbusters and that drew even the most bearish into the markets from the fear of missing our additional gains.

My has the markets changed its tune in just a few weeks. it will be a perfect time to buy end of this month, and end of next month, and the following month, and the month after, and the month after…..

bring on the big correction. I am excited.[/quote]

Not sure why you would wish for a declining market. I much prefer the rising markets the past two years. I’m going to start increasing cash instead of making money owning stocks. Was at 99 percent stock. Even after selling GOOG a few weeks ago, I’m still at 96 percent stock. In this high volatility environment, I need to keep reducing my stock ownership by selling. This choppiness is only good for day traders.[/quote]

I don’t care either way because I don’t need to touch any of the money for a long time. I don’t need to buy a home to live in, I don’t need any more cars, my kid will be able go to college on a full ride from Bank of Parents.

If we see a few bumps here and there , same monthly investments will by low, buy high….

everything else is just bragging rights, like my net worth is $X.

old age is start to set in…. I don’t give a flying f, lol.

[FlyerInHi]

Flu, if you truly indifferent like an economist would define “indifferent” then why put your money in the stock market? There are so many ways you could spend your money, give it away or whatever.

You still think the stock market is the best investment and you expect an upside in the long run. The more people think this way, the more likely the market will move up.
That’s not quite being indifferent.

[Coronita]

[quote=FlyerInHi]Flu, if you truly indifferent like an economist would define “indifferent” then why put your money in the stock market? There are so many ways you could spend your money, give it away or whatever.

You still think the stock market is the best investment and you expect an upside in the long run. The more people think this way, the more likely the market will move up.
That’s not quite being indifferent.[/quote]

the long term returns of the stock market is isn’t bad. just like long term outlook on some real estate isn’t bad. Cash earning nothing is pretty bad imho.

[FlyerInHi]

[quote=flu]

the long term returns of the stock market is isn’t bad. just like long term outlook on some real estate isn’t bad. Cash earning nothing is pretty bad imho.[/quote]

I agree. I do believe the stock market represents a globalized economy where trade and investments drive growth.
Long term, real estate is about demographics. Will the areas be able to attract residents?

I don’t understand the concept or even the desire that idle cash should return inflation or more. You have to do work and invest cash somewhere to make more money.

[The-Shoveler]

I don’t know, people who bought long term treasures or 13% CD’s back in the late 80’s did fairly well.

If I could get 5% FDIC CD’s like I could in 2005 I think I would be happy (well for a while).

[kev374]

market is up today, perhaps the worst is over and Feb 9 was a bottom of sorts, at least for the near term. I seriously doubt we are going back to those lows. I missed the buying opportunity though. Many experts are predicting 3000 S&P by Dec.

[spdrun]

DOW was up. S&P was barely flat, NASDAQ and R2K were down.

Hopefully the peaks in Jan 2018 were the peaks till the next dump.

[ltsddd]

[quote=spdrun]DOW was up. S&P was barely flat, NASDAQ and R2K were down.

Hopefully the peaks in Jan 2018 were the peaks till the next dump.[/quote]

The last “dump” before this recent one was January 2016. I don’t mind another 2-year run-up

[spdrun]

Nah, stocks got screwed hard (down almost 20%) just before the Nov 2016 election. Personally, I hope this dump portends greater things, sort of like in summer of 2007, a year before the massive 2008 chaotic opportunity. Here’s to chaos, and opportunity.

[Coronita]

I don’t know. I bought 8000 shares of CHK when it dipped to below $3…

it’s a shitty company…. but that’s what people said about AMD when I also bought about 8000 shares when it was around that same price……

But at least I don’t call this “investing”……I call this buying lottery tickets with slightly better odds, lol.

over the long period I think my indexes still consistently beat….

A Qualcomm buyout or the rumored massive layoff in 2 weeks to save $1billion should reward shareholders handsomely…not.to mention accelerate the retirement of a lot of old resters and vesters.

[ltsddd]

[quote=spdrun]Nah, stocks got screwed hard (down almost 20%) just before the Nov 2016 election.[/quote]

Oct 2016: Dow -0.91%, S&P -1.94%, Russel 2000 -4.81%
Nov 2016: Dow +5.41%, S&P +3.42%, Russel 2000 +10.99%

[kev374]

stocks are going to the moon again… S&P 3000 shortly, DOW 30,000 is predicted by year end and now I believe it. Nothing seems to be fazing this market. The market knows that the Fed will backstop any losses in the market, the Fed has essentially become Wall Street’s bailout engine.

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