Anybody Buying Yet? Where’s the Bottom?

[Bonasababy]

What we need is a new coin...

 

[MTGomer]

I have always understood tariffs to just be taxes imposed on the End-user, which is the consumer (you and I).
This used to be regarded as fact on the economic right. We believe this for the same reason we don’t think corporate income tax should exist or regulations that go beyond protecting the general safety and welfare of the public shouldn’t exist or insert whatever other government imposed thing you can think of that adds billions of dollars in cost to products and services that result in you paying more for everything.

If there’s a larger overall negotiating strategy to tariffs that the Trump administration has, I think they would be wise to articulate it to the American people. And hopefully it’s more complex than just returning manufacturing to the United States. Nobody is going to bring home manufacturing due to a tariff. Even if they did, There aren’t enough Americans to do the jobs. Manufacturing can be challenging and it takes hard work. Are Americans really up for that? Not that I’ve seen.

We will have to change our stance on immigration if we want more manufacturing.

 

[BuzzH]

A healthy market goes up and down. Too many on here are annoyed with a down market. Markets don’t go up forever people.

To ease your minds, have a look at this chart of the S&P500 going back to 1980 and note that despite average intra-year DROPS of 14.1%, (the low is represented by the ), 34 out of the past 45 years the S&P500 finished POSITIVE! —12/31 annual returns represented by gray bars.

Have a plan, not a portfolio.

If you’re taking money in retirement solely out of a stock/mutual fund portfolio, you don’t have a plan. This is when you draw your income from safe products and, should you have disposable income… now is the time to buy!

In case you think “this time is different”, note that in March of 2020 the (lowest drop in the S&P500 that year) was -34% IN ONE MONTH. Fastest decline ever in US history. By the end of the year, the S&P 500 finished +16%.

All will be fine. Turn off the news and go for a hike outside.

So, you're saying that the largest 2 day loss in the history of the market is just business as usual?

I don't blame the first trump administration for the drop in the market due to a global pandemic and I even give credit on how it was handled. Mistakes were made, good decisions were made, but nobody could be expected to make perfect decisions during a pandemic. IMO, what trump and his administration did for the pandemic made logical sense.

But, what I can't excuse is self inflicted bad decisions that impact a majority of Americans, this isn't "normal" ups and downs in the market. To think otherwise is flat denial, and a lack of any kind of critical thinking.

Its also a bit ridiculous to make the claim that working class retiree's should have more than stock/mutual fund IRA's and 401's. With DBP's a thing of the past, and many not being able to afford or have rental income, just where in the hell are they supposed to pull additional funds from? Out of thin air isn't an answer.

 

[BuzzH]

And he was at the helm in 2020 when all that mess started as well. People seem.to forget that.

Amazing what he has done to damage the country, under the veil of doing good, and people have taken it hook, line and sinker.

End rant.

Back on topic
...


Just trying to stay positive and think "stuff is on sale" for my wife's IRA.

Oh, I think we're a long way from seeing the bottom of "stuff on sale"...

 

[stealthy_bowman]

Black Monday type event tomorrow, dead cat bounce, or something in-between?

 

[Dave N]

 

[brymoore]

Black Monday type event tomorrow, dead cat bounce, or something in-between?

Futures markets open today at 6pm EST. It’ll give an idea of the markets sentiment.

 

[Rie Bread]

My biggest looser is DOW chem -30% or so.

What’s your biggest looser currently?

 

[stealthy_bowman]

My biggest looser is DOW chem -30% or so.

What’s your biggest looser currently?

Not big on individual stocks, so the Q’s are the biggest loser for me. Could have bought my house twice over with what I lost so far. Can’t take much more of this winning…

 

[grizzly_]

My biggest looser is DOW chem -30% or so.

What’s your biggest looser currently?

I can honestly say I haven't looked. It's not gonna make me feel any better

 

[TOGIE]

ETH and BTC tanking. Hard.

Dont need the futures open yet to get an idea of sentiment.

 

[Sytes]

Buying the down and upside of a dip is a fantastic opportunity to gain quality funds moving forward.
Like Utah's wife, I parked my main coin in safe(r) harbors. My continued purchase during the "dip" will inevitably be a gain.

For humor sake, a buddy sent this my way... figure everyone can get a bit of a chuckle from the typical quote.

 

[ismith]

Pulled everything out last week. Wasn’t much but at least I won’t be worried about it.

 

[mxracer317]

What we need is a new coin...

Our current administration is reducing government size. Don’t forget that.

 

[Sytes]

Thought this was an interesting article regarding current times, especially #4, follow through day.
I might move this direction w/ 10-20% interval entries from primary funds sitting in a safe(r) harbor.

Curious the setting that may prompt you to re-enter the market.

How To Handle A Stock Market Correction: 4 Guidelines

Learn to stay protected while getting ready to profit in the next uptrend.

www.investors.com

 

[Rie Bread]

My biggest looser is DOW chem -30% or so.

What’s your biggest looser currently?

Also forgot SNOW snowflake

 

[ismith]

Also forgot SNOW snowflake

 

[Oak]

I have always understood tariffs to just be taxes imposed on the End-user, which is the consumer (you and I).
This used to be regarded as fact on the economic right. We believe this for the same reason we don’t think corporate income tax should exist or regulations that go beyond protecting the general safety and welfare of the public shouldn’t exist or insert whatever other government imposed thing you can think of that adds billions of dollars in cost to products and services that result in you paying more for everything.

If there’s a larger overall negotiating strategy to tariffs that the Trump administration has, I think they would be wise to articulate it to the American people. And hopefully it’s more complex than just returning manufacturing to the United States. Nobody is going to bring home manufacturing due to a tariff. Even if they did, There aren’t enough Americans to do the jobs. Manufacturing can be challenging and it takes hard work. Are Americans really up for that? Not that I’ve seen.

We will have to change our stance on immigration if we want more manufacturing.

Lutnick spoke on this earlier today.

https://twitter.com/x/status/1908950583622734313

 

[Bonasababy]

I can see it now--all those kids who wanted to grow up and get a job screwing in tiny screws into I phones are finally going to have a chance at their dream!

 

[stealthy_bowman]

Free fall in premarket. Fasten your seatbelts fellas…