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With the "little" correction this past week on the market, how would the nation react to say a 25-50% loss? How will/would you and your family react?
Sam
Sam
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How would my family react ?.... great question and one I'd be quite happy to reply to .
We wouldn't need to react at all. You see... even though accused here of being Lib.... Dem .... Socialist Nationalist ... etc. the wife and I live the epitome of a Conservative lifestyle that in the past loudly proclaimed "Personal Responsiblity" ....
... meaning we rely on absolutely no one but ourselves ..... no socialist pensions... no government handouts .... no ponzy scheme financial musical chairs stock market investments .
Loss... ? ..... I've allready lost it all twice to 401s that never came back.... I'm all done losing and am on a roll from now till the end..... and I did that with zero help from my Conservative party.
We've invested in ourselves and our own small busines . -
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How would we react? Same as last time. Last time, got off the horse for a little bit. Then, got back on. Still lost a little ... but upside has been very very good. Market is the place to be for the long term. Been good for me and my family. If a 100 mile wide asteroid hit, if any life was left, I'd invest with whoever was doing the clean up, repair, etc. JMHO. Sincerely. bruce." Unlike most conservatives, libs have no problem exploiting dead children and dancing on their graves."Comment
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Big reaction from the average Joe. The run up in the stock market, to a certain degree has been manipulated just to cause it to fall. Profit is taken in bear markets, not bull markets. Have very wealthy individuals who are opposed to Trump put money in the market just to make a coordinated effort to pull it out and cause the market to drop right before the mid terms? Probably though how much effect it will have remains to be seen, as the market is so big. Between sovereign wealth funds and the extremely wealthy it could cause the computerized trading to trigger a, um, 'correction'. "Boy Clinton" by R. Emmet Tyrrell has a chapter on cattle futures, dismissing Hillary's trading skills in the first sentence. The chapter is about one (named) guy who manipulated the price on market cattle for about two years, just to crash it and pocket a real fortune. Yes, Tyrrell and Clinton have know and hated each other since they were 'in utero' but the point is markets are subject to meddling.
That's an admirable approach, 'Pebbles. Hope it works if you ever need to test it; I try to manage my debt and reliance on outside sources. If the banking system takes a real 1929 dump again, how does one pay property tax and utility bills,etc? The system is designed to control the masses. This BS about eliminating cash and having all transactions electronically is insane, even if you eliminate that 'minor' fee the banksters will take.Last edited by barretcreek; 10-14-2018, 02:01.Comment
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Problem with the market, any market is that paper is paper with little value then accepted value. Gold/silver is good but again the issue of value. Look at the Weimar Republic inflation and paper money. A hungry person will trade an ounce of gold for a can of beans, which has more value to one in need? Fresh fish has value, as the day goes long the value declines...get the picture? Paper came into use because gold/silver is heavy to tote about and checks have value if accepted. Worked for a guy once, I always cashed my payroll check at his business to make sure I got paid. Our government owes more money then we can repay unless current spending is curtailed and I don't see the political will to do that.
SamComment
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A big source of demand in the current market is stock buybacks. Companies using profits to buy back their stock, thereby keeping the share price up. Whenever earnings reports are due, that buyback activity goes on hiatus for a bit and dips happen.
In the old days those profits might have gone into R&D and generated more jobs, but things in capitalism are different now.Last edited by togor; 10-14-2018, 05:05.Comment
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Dow-Jones and the other market indexes are only reflective of the current trading prices of the followed equities. The assets and profit expectations of the corporations are still valid. Only the entities that must sell immediately are implicated in a "loss'. The stock market is a fool's game for someone who expects to make a seamless profit over the short term, using their irreplaceable retirement funds. On the other hand, owning stock in, dare I say it, a conservatively managed, productive company, is a sound way of preserving value and cheating inflation. Those who live and die on the daily fluctuations of the market are gamblers, not investors. Just my take. Regards, ClarkComment
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What you say is valid and sad at the same time. CEO's/boards looking at short term $ or a hit and run. CEO's getting huge and obscene salary/buyouts, aging equipment not being replaced as needed. Using the minimum for staffing and putting an unnecessary burden on the remaining workers. Profit and service no longer go hand in hand. The old adage of working together was replaced when I was a child with the "me" attitude. This carries into personal relationship in the "modern" world which is sad. Too many relationships fall apart because of the "me" attitude, I know I did some marriage counseling.
Our situation will only end with the breakdown of society and the need to rebuild. As I often kidded my wife of close to 40 years, I paid $27.50 for a marriage license and there is no expiration on it!
SamComment
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