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Re: STOCK [Re: rex123] #7677676
09/23/22 05:50 PM
09/23/22 05:50 PM
Joined: Jan 2018
Posts: 284
Montana/Florida
G
Gene Dziza Offline
trapper
Gene Dziza  Offline
trapper
G

Joined: Jan 2018
Posts: 284
Montana/Florida
Where do you guys think we are in terms of a recession? We're in one, it's coming, it's not coming. I should probably start buying some things under the premise that you never really time the bottom. but the fear of more bad economic news keeps me from pulling the trigger. To me, it almost seems like it will take a significant recession to get this inflation to recede. I'd be interested to hear your thoughts.

Re: STOCK [Re: rex123] #7677682
09/23/22 06:05 PM
09/23/22 06:05 PM
Joined: Mar 2007
Posts: 35,175
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,175
McGrath, AK
I would GUESSTIMATE that we have about a 50% chance of recession. Maybe more. You can parse Powell's words a lot of ways, but to me........he has been clear that if it takes a recession to get control of inflation, he is more than willing to do that......and I believe he will


Mean As Nails
Re: STOCK [Re: rex123] #7677741
09/23/22 07:41 PM
09/23/22 07:41 PM
Joined: Mar 2013
Posts: 2,172
chelsea,wi
keets Offline
trapper
keets  Offline
trapper

Joined: Mar 2013
Posts: 2,172
chelsea,wi
I've been watching 3M stock tumble, looking for a sign to buy


2021 goals....make time to trap
PROUD MEMBER WTA NTA FTA GOA SPORTSMANS ALLIANCE
Re: STOCK [Re: rex123] #7677755
09/23/22 07:56 PM
09/23/22 07:56 PM
Joined: Aug 2010
Posts: 10,831
Asheville, NC
C
charles Offline
trapper
charles  Offline
trapper
C

Joined: Aug 2010
Posts: 10,831
Asheville, NC
I like Ford at modern lows. Maybe Dollar General and Phillip Morris.

Re: STOCK [Re: keets] #7677757
09/23/22 07:59 PM
09/23/22 07:59 PM
Joined: May 2011
Posts: 16,607
Oakland, MS
yotetrapper30 Offline
trapper
yotetrapper30  Offline
trapper

Joined: May 2011
Posts: 16,607
Oakland, MS
Originally Posted by keets
I've been watching 3M stock tumble, looking for a sign to buy


I noticed that too.


~~Proud Ultra MAGA~~
Re: STOCK [Re: rex123] #7677759
09/23/22 08:04 PM
09/23/22 08:04 PM
Joined: Mar 2018
Posts: 3,175
Pa.
B
Bigbrownie Offline
trapper
Bigbrownie  Offline
trapper
B

Joined: Mar 2018
Posts: 3,175
Pa.
The markets are off about 20% after today’s close. In the spring of 2020, stocks were off about 33% ( Dow went from 30,000 to 19,000 ). But 2008-2009 makes todays declines look small, the S&P was off 56.5%. I’m still sleeping good at night.

Re: STOCK [Re: yotetrapper30] #7677856
09/23/22 10:18 PM
09/23/22 10:18 PM
Joined: May 2010
Posts: 10,481
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 10,481
mn north of blakely
Originally Posted by yotetrapper30
Originally Posted by keets
I've been watching 3M stock tumble, looking for a sign to buy


I noticed that too.



3M is getting sued, they won't go broke but it could cost them a lot of money.


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: STOCK [Re: rex123] #7677883
09/23/22 11:03 PM
09/23/22 11:03 PM
Joined: Mar 2013
Posts: 2,172
chelsea,wi
keets Offline
trapper
keets  Offline
trapper

Joined: Mar 2013
Posts: 2,172
chelsea,wi
I like 3M, good dividend payer, I'm just getting ready to dip my toes back in the investing world,.....used to have a little account when it was scottrade, 15 years ago ish, kids had some medical bills that wiped out that account, had 3M back then and liked it....I think it will be ok, but wow they getting hammered


2021 goals....make time to trap
PROUD MEMBER WTA NTA FTA GOA SPORTSMANS ALLIANCE
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