Anybody Buying Yet? Where’s the Bottom?

[longbow51]

Someone pointed out that the top 10% hold most of equities, and the top 50% essentially all of them.

So, jobs lost to other countries don't hurt the stockholder class, in fact benefits them because corps make more with slave wages (here's looking at you, Nike), but what's left of the middle class and the working poor suffer. The stock market is not the economy.

For all those bemoaning paper losses there's some poor family trying to scrape by who would love something other than a service job.

Just watched a clip of George HW Bush, Bill Clinton, and Ross Perot in the debate back in the day, and he predicted exactly what would happen with NAFTA; there would be a "giant sucking sound" as good-paying jobs which built the middle class left the US.

Will we wind up with more equitable trade deals and better jobs? I don't know, nor does anyone else at this time. Meanwhile, a good rule is don't get your panties in a bunch.

 

[brymoore]

The Taliban Hands Over Bagram Air Base to the United States

In a surprising development with significant geopolitical implications, the Afghan Taliban has reportedly handed over control of Bagram Air…

medium.com

Well, this isn’t what I wanted to hear. Any guesses how war with Iran will affect the global markets? The bulk of the B2 bombers are at Diego Garcia right now too. My guess is they are after Irans nuclear enrichment and storage facilities.

Trump 1.0 was not really a fighter. He’s a business guy, not a military man. He killed the Iranian general, let our troops get missiled and then said everything was good.

Trump 2.0 might be different and has different advisors. I’d only expect a heavy bombing and then a mission accomplished declaration. Iran would counter strike would be small, based on early strikes, but you never know. I think Iran still has a hit out on the Trump family.

 

[Bonasababy]

Trump 1.0 was not really a fighter. He’s a business guy, not a military man. He killed the Iranian general, let our troops get missiled and then said everything was good.

Trump 2.0 might be different and has different advisors. I’d only expect a heavy bombing and then a mission accomplished declaration. Iran would counter strike would be small, based on early strikes, but you never know. I think Iran still has a hit out on the Trump family.

More likely a nuclear target. Spring will the US is weak and it's intelligence resources have been gutted.

 

[NDGuy]

I am envisioning a basketball bouncing down a flight of stairs.

This is the bounce I expected last Friday. A little late but I'll take it. Did get some QQQ bought yesterday.

 

[seeth07]

View attachment 367176

Just creating another opportunity. I sold off a lot that I bought late yesterday with some nice gains from this morning and now that things are going down again I'm creating buy orders like crazy right now.

 

[NDGuy]

Just creating another opportunity. I sold off a lot that I bought late yesterday with some nice gains from this morning and now that things are going down again I'm creating buy orders like crazy right now.

DCA sure but until tariffs are done we have more red to come

 

[406dn]

Someone pointed out that the top 10% hold most of equities, and the top 50% essentially all of them.

So, jobs lost to other countries don't hurt the stockholder class, in fact benefits them because corps make more with slave wages (here's looking at you, Nike), but what's left of the middle class and the working poor suffer. The stock market is not the economy.

For all those bemoaning paper losses there's some poor family trying to scrape by who would love something other than a service job.

Just watched a clip of George HW Bush, Bill Clinton, and Ross Perot in the debate back in the day, and he predicted exactly what would happen with NAFTA; there would be a "giant sucking sound" as good-paying jobs which built the middle class left the US.

Will we wind up with more equitable trade deals and better jobs? I don't know, nor does anyone else at this time. Meanwhile, a good rule is don't get your panties in a bunch.

I agree with much of what you post. We did blissfully allow a large share of manufacturing jobs go offshore, with our governmental policies. There is no doubt that the middle class has been hollowed out. What is unknown is if we could have held on to most of them, with different policies. Businesses are continually looking for ways to reduce costs. It might have resulted in a more aggressive push to robotics etc. We'll never know.

The refinery where I worked employed close to twice the number of employees thirty years, before I hired on. The thru put increased considerably. This is in a industry where labor is not the larger share of input costs. They were always looking for ways to do more with less.

Where I might disagree is saying there is no connection between the market and the economy. Even if you don't own a single stock, a large market downturn affects you. If this down market triggers a recession, many non stock owning workers, will lose their job. Not thru any individual fault, but the economy can swamp many boats.

It has to suck to be struggling to make ends meet, when you know that some segments of society are faring really well. I suspect it has quite a bit to do with the polarization in our country.

 

[NDGuy]

 

[88man]

You are abusing Friedman’s work. It is excessive money supply that causes inflation. Borrowing does not directly increase money supply.

it does when you don't have to pay it back!

 

[antlerradar]

it does when you don't have to pay it back!

More correctly, it does when you pay back borrowing by printing more money.

 

[more_cowbell]

View attachment 367176

 

[jryoung]

Was hopeful seeing the market early this morning and that there maybe be some movement towards stability/tarriff negociations. Then my order SCHD and JEPI kicked in just before the bell......not sure if I should be delighted or afraid

 

[mtmiller]

Dow futures bounce 1100…… we probably don’t talk about that here thought

Giddy up.

 

[cgasner1]

Giddy up.

I saw somehweres today that the people that manipulate I mean run the market have made 189 billion so far off these swings

 

[stealthy_bowman]

Nothing has changed, of course we continue to slide.
Would get real interesting if China decides to unload the massive amount of US debt they hold just to shove it right up Trump’s ass.
Sure it will hurt them too, but it would be a bigger blow to the US. With 104% tariffs kicking in tonight, I wouldn’t be surprised if they pull out that ace of spades just to tank the US economy even further.

 

[seeth07]

I saw somehweres today that the people that manipulate I mean run the market have made 189 billion so far off these swings

I'm not playing around with a large amount of capital on Webull to day trade but between yesterday and today I'm up 147% at this moment from my balance as of Sunday night. The swings of the market yesterday and today have been an absolute gold mine.

 

[brymoore]

Nothing has changed, of course we continue to slide.
Would get real interesting if China decides to unload the massive amount of US debt they hold just to shove it right up Trump’s ass.
Sure it will hurt them too, but it would be a bigger blow to the US. With 104% tariffs kicking in tonight, I wouldn’t be surprised if they pull out that ace of spades just to tank the US economy even further.

China sold $50B in US treasuries.

 

[Bonasababy]

I'm not playing around with a large amount of capital on Webull to day trade but between yesterday and today I'm up 147% at this moment from my balance as of Sunday night. The swings of the market yesterday and today have been an absolute gold mine.

NOT for the VAST majority of the country. IMO this is kind of a tone deaf view.

I haven't checked the bulk of our retirement money yet but a portion of it I know we have lost over 20% since the tariffs began.

 

[406dn]

NOT for the VAST majority of the country. IMO this is a tone deaf view.

I haven't checked the bulk of our retirement money yet but a portion of it I know we have lost over 20% since the tariffs began.

My apologies for editing your post.

It is also an attempt to assert some sort of market savvy.

 

[ismith]

Thinking that the vast majority of Americans have a 401k is the definition of tone deaf view.

New Data Reveal Inequality in Retirement Account Ownership

The Survey of Income and Program Participation shows how many people are saving for retirement.

www.census.gov