Re: Stock market.
[Re: white17]
#6403556
12/19/18 11:15 PM
12/19/18 11:15 PM
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Joined: Mar 2010
Posts: 2,960 South Dakota
Hydropillar
trapper
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trapper
Joined: Mar 2010
Posts: 2,960
South Dakota
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The Fed sure isn't doing that lately. Are you sure? Maybe they cant expand there balance sheet as it might start inflation ,even tho it has been tame for so long nearly ,non existent. I wonder why it costs me 5 bucks to stop and get a pop and candy bar HMM? Candy bar is small too..
The only place you find free cheese is in a mousetrap !
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Re: Stock market.
[Re: Andy27]
#6403590
12/19/18 11:35 PM
12/19/18 11:35 PM
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Joined: Nov 2008
Posts: 4,548 Cleveland IL
muddyriverdogz
trapper
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trapper
Joined: Nov 2008
Posts: 4,548
Cleveland IL
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It doesn't matter if the Fed raises rates or not. The market will hit a wall sooner or later. What are they going to do lower rates to zero from 2.5 when we go into the next recession.As if that will be enough. Only this time we are 22 trill in the hole instead of 9 trill.
They should have never lowered rates to zero in the first place ! They should have took there medicine.
Last edited by muddyriverdogz; 12/19/18 11:40 PM.
You only live once, so get over it!
Tactics may change but the goal remains the same.
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Re: Stock market.
[Re: Andy27]
#6403610
12/19/18 11:51 PM
12/19/18 11:51 PM
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Joined: Dec 2011
Posts: 10,399 MT
snowy
trapper
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Joined: Dec 2011
Posts: 10,399
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It's a time for opportunity, if you are converting to Roth, wanting to buy in or just hunker down and weather the storm if there is one. Having not gained a dime for an entire year saves in taxes and can show loses which is not a total lose either. I will say the markets aren't for everyone and if you are engaged in stocks this is a normal time. It goes up and it goes down and the worst thing anyone can do is sell when it is low. Doing nothing can make you more then doing something in times like now. I don't listen to all the noise, just buy and hold and don't sell.
Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
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Re: Stock market.
[Re: muddyriverdogz]
#6403619
12/19/18 11:57 PM
12/19/18 11:57 PM
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Joined: Dec 2011
Posts: 10,399 MT
snowy
trapper
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Joined: Dec 2011
Posts: 10,399
MT
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It doesn't matter if the Fed raises rates or not. The market will hit a wall sooner or later. What are they going to do lower rates to zero from 2.5 when we go into the next recession.As if that will be enough. Only this time we are 22 trill in the hole instead of 9 trill.
They should have never lowered rates to zero in the first place ! They should have took there medicine. You made good point. I beleive raising today really was a good thing because the economy, jobs and growth is in good shape right now. We need to inch it up (rates) so if bad times do come we have room to lower the rates. You would never want rates to be in negative territory. Yep, we are very close what they call a correction which is 10% and we are at 8% now or very close. A bear market is going to happen just when no one knows that.
Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
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Re: Stock market.
[Re: white17]
#6403620
12/20/18 12:00 AM
12/20/18 12:00 AM
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Joined: Nov 2008
Posts: 4,548 Cleveland IL
muddyriverdogz
trapper
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trapper
Joined: Nov 2008
Posts: 4,548
Cleveland IL
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I'm sure that is one reason they want to raise rates now ..............so they will have some downside flexibility the next time they need it To little to late. This is fantasy land but some day it's going to get real.
You only live once, so get over it!
Tactics may change but the goal remains the same.
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Re: Stock market.
[Re: Andy27]
#6403630
12/20/18 12:09 AM
12/20/18 12:09 AM
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Joined: Mar 2010
Posts: 2,960 South Dakota
Hydropillar
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trapper
Joined: Mar 2010
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South Dakota
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White im sure you understand the markets and economics far better than i do. What i think has happened is they have printed money into oblivion to the likes of never been seen in world history, at the same time said all along we dont have inflation... the only thing that has saved us to this point is the rest of the world has been doing the same but at much higher rates than we have thus the dollar has maintained against the other currencies. I dont think its possible to print fiat dollars and not reduce the size of the pie (GDP) The only thing they can do is raise rates to sop up all the dollars to reduce the balance sheet. But they have never dealt with something of this magnitude and are not sure how to go about it. IMHO We have had inflation at much higher rates than have been reported all along! I never thought it would stay contained this long . I also thought those in power were much smarter than to allow deficit spending like i have seen in my lifetime! If you study history of societies that ran on fiat currency you see it always ends in disaster and requires government collapse and start over... sadly that usually requires war ! The parity between working class general population and government Fed.state.city. ect professors making hundreds of thousands salary paid by printed money that don't produce anything results in where we are today. Unfunded pensions , million dollar bonuses paid to ceos and elites. The young kid out of college getting 25 a hr 50- 60 g salary trying to buy even a cheap 250,000 dollar house dont add up it doesnt pencil out ... while his welfare counterpart is living in a new huge apartment complex with his girlfriend and cpl kids 1500 -2000 month rent paid by government housing authority . Im sorry i am cynical but i dont see this monetary problem ending nice for any of us. The whole thing Stock Market ,housing prices ect A big fat inflated bubble.
Open a discount window so i can reach in and inject some liquidity into my business to the tune of a cpl million I can look pretty shiny and elite too..
The only place you find free cheese is in a mousetrap !
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Re: Stock market.
[Re: Pike River]
#6403649
12/20/18 12:22 AM
12/20/18 12:22 AM
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Joined: Dec 2011
Posts: 10,399 MT
snowy
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Posts: 10,399
MT
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I'm buying a bit right now. It'll be lower in January. In a few weeks I plan on dumping some savings into ETFs. Are you managing your ETFs or is an advisor? Well, as far as they will be lower in Jan., really we don't know that for sure. Market timing isn't a wining game. The best is to buy on a regular basis over a long period. So getting started like you are a very good thing. We might have 2019 year being markets going side ways, or going up or going down. A lot of predictions out there but bottom line no one knows.
Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
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Re: Stock market.
[Re: Andy27]
#6403658
12/20/18 12:27 AM
12/20/18 12:27 AM
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Joined: Mar 2007
Posts: 35,175 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,175
McGrath, AK
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I understand where you're coming from ! Just a couple comments. Data shows pretty clearly that GDP will not increase without some level of inflation. What the correct level is must be variable along with different sets of circumstances.
As far as deficit spending is concerned................and those in power being smart ( that's another discussion) the conflict is between monetary policy set by the fed and fiscal extravagance indulged in by Congress. Eventually we could reach a point where the next rise in rates breaks the camel's back because all of that deficit ( now debt) becomes so costly we can't even pay the interest . At that point the rating agencies will downgrade US debt and creditors will demand even higher rates to loan us money. Just makes the problem worse.
I agree to some extent about fiat currencies but I don't view gold as any help. There just isn't enough of it to allow commerce to continue as we know it today. I suppose there could be a digital currency that might be viable but that is some ways down the road I think.
Your comment about kids with student loans is one of my pet peeves. You're right.they are already in a hole so deep they can't amass any capital or make any progress toward the 'American Dream' . It's our fault, IMO, for pushing all kids to go to college. Not all of them belong in college and would be much better off......emotionally and financially if they pursued trade school. The country would be much better off too..IMO>
How many NBA players do we need or lawyers, or Facebook executives, or politicians................compared to builders, plumbers, electricians etc. ??
Mean As Nails
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Re: Stock market.
[Re: snowy]
#6403664
12/20/18 12:34 AM
12/20/18 12:34 AM
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Joined: Oct 2018
Posts: 5,570 Dunbar, Wisconsin
Pike River
trapper
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trapper
Joined: Oct 2018
Posts: 5,570
Dunbar, Wisconsin
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I'm buying a bit right now. It'll be lower in January. In a few weeks I plan on dumping some savings into ETFs. Are you managing your ETFs or is an advisor? Well, as far as they will be lower in Jan., really we don't know that for sure. Market timing isn't a wining game. The best is to buy on a regular basis over a long period. So getting started like you are a very good thing. We might have 2019 year being markets going side ways, or going up or going down. A lot of predictions out there but bottom line no one knows. I use RobinHood which is free. I like ones tied to the Russell or Dow. Agreed - better to buy over time rather than trying to find the bottom.
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Re: Stock market.
[Re: white17]
#6403682
12/20/18 12:52 AM
12/20/18 12:52 AM
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Joined: Oct 2018
Posts: 5,570 Dunbar, Wisconsin
Pike River
trapper
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trapper
Joined: Oct 2018
Posts: 5,570
Dunbar, Wisconsin
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That depends on your age. Over time there is no better way to maintain the value of your assets and keep up with inflation than the stock market. +1 If you invested $1 in the SP 500 in 1970 and reinvested dividends, today you would have about $17k. That's veteran than buying land.
Last edited by Pike River; 12/20/18 12:57 AM.
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Re: Stock market.
[Re: Andy27]
#6403720
12/20/18 01:55 AM
12/20/18 01:55 AM
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Joined: Dec 2006
Posts: 17,379 Coeur d' Alene, Idaho
James
"Minka"
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"Minka"
Joined: Dec 2006
Posts: 17,379
Coeur d' Alene, Idaho
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What about the predictions that the stock market would take off after the tax cut?
Jim
Forum Infidel since 2001
"And that troll bs is something triggered snowflakes say when they dont like what someone posts." - Boco
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