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barnaby33ParticipantEvery bear needs a bull to make money off of. Today was brutal no doubt about that. Its a bear market, no doubt about that. These Fed induced rallies tend to last a week or two. I’ll wait a couple of days then load back up on puts and ultra shorts, no doubt about that.
Its good to be a contrarian, but only if its fact based. In your average recession equities lose 30% of their value (per Karl on Ticker Forum.) This will be no average recession. Its already astonishing at the speed of the collapse. Encouraging people to go long even via dollar cost averaging at this point is beyond stupid. Might as well buy real estate, you are lighting money on fire either way. Most of us don’t have “decades” to save as we will need that money for various things at various points in our lives. Buying a house, paying for children and or medical expenses come to mind.
What the Fed is doing has just created another sucker rally, caviat emptor.
Josh
barnaby33ParticipantEvery bear needs a bull to make money off of. Today was brutal no doubt about that. Its a bear market, no doubt about that. These Fed induced rallies tend to last a week or two. I’ll wait a couple of days then load back up on puts and ultra shorts, no doubt about that.
Its good to be a contrarian, but only if its fact based. In your average recession equities lose 30% of their value (per Karl on Ticker Forum.) This will be no average recession. Its already astonishing at the speed of the collapse. Encouraging people to go long even via dollar cost averaging at this point is beyond stupid. Might as well buy real estate, you are lighting money on fire either way. Most of us don’t have “decades” to save as we will need that money for various things at various points in our lives. Buying a house, paying for children and or medical expenses come to mind.
What the Fed is doing has just created another sucker rally, caviat emptor.
Josh
barnaby33ParticipantLong term the stock market is the place to be. That doesn’t mean however there aren’t entire decades, or in some cases several decades, where its a losing proposition.
Whats your time frame? Mine tends to look out a couple of decades. If you get out of the market now and stay out till we are out of the bear market we’ve entered, you are probably better off. You can always re-enter when the smoke clears. It will be pretty obvious, as banks will stop failing, interest rates will return to more historic norms and unemployment will be abating.
Josh
barnaby33ParticipantLong term the stock market is the place to be. That doesn’t mean however there aren’t entire decades, or in some cases several decades, where its a losing proposition.
Whats your time frame? Mine tends to look out a couple of decades. If you get out of the market now and stay out till we are out of the bear market we’ve entered, you are probably better off. You can always re-enter when the smoke clears. It will be pretty obvious, as banks will stop failing, interest rates will return to more historic norms and unemployment will be abating.
Josh
barnaby33ParticipantLong term the stock market is the place to be. That doesn’t mean however there aren’t entire decades, or in some cases several decades, where its a losing proposition.
Whats your time frame? Mine tends to look out a couple of decades. If you get out of the market now and stay out till we are out of the bear market we’ve entered, you are probably better off. You can always re-enter when the smoke clears. It will be pretty obvious, as banks will stop failing, interest rates will return to more historic norms and unemployment will be abating.
Josh
barnaby33ParticipantLong term the stock market is the place to be. That doesn’t mean however there aren’t entire decades, or in some cases several decades, where its a losing proposition.
Whats your time frame? Mine tends to look out a couple of decades. If you get out of the market now and stay out till we are out of the bear market we’ve entered, you are probably better off. You can always re-enter when the smoke clears. It will be pretty obvious, as banks will stop failing, interest rates will return to more historic norms and unemployment will be abating.
Josh
barnaby33ParticipantLong term the stock market is the place to be. That doesn’t mean however there aren’t entire decades, or in some cases several decades, where its a losing proposition.
Whats your time frame? Mine tends to look out a couple of decades. If you get out of the market now and stay out till we are out of the bear market we’ve entered, you are probably better off. You can always re-enter when the smoke clears. It will be pretty obvious, as banks will stop failing, interest rates will return to more historic norms and unemployment will be abating.
Josh
barnaby33ParticipantIf you are having those kind of second thoughts, 5k could be the cheapest mistake you make. Walking away sounds like a better option if they won’t re-negotiate the price.
Josh
barnaby33ParticipantIf you are having those kind of second thoughts, 5k could be the cheapest mistake you make. Walking away sounds like a better option if they won’t re-negotiate the price.
Josh
barnaby33ParticipantIf you are having those kind of second thoughts, 5k could be the cheapest mistake you make. Walking away sounds like a better option if they won’t re-negotiate the price.
Josh
barnaby33ParticipantIf you are having those kind of second thoughts, 5k could be the cheapest mistake you make. Walking away sounds like a better option if they won’t re-negotiate the price.
Josh
barnaby33ParticipantIf you are having those kind of second thoughts, 5k could be the cheapest mistake you make. Walking away sounds like a better option if they won’t re-negotiate the price.
Josh
barnaby33ParticipantSarcasm Off…you know who you are…..
Actually sometimes I don’t, please help.
Josh
barnaby33ParticipantSarcasm Off…you know who you are…..
Actually sometimes I don’t, please help.
Josh
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