It's the economy, stupid

[MRockwell]

"Let Them Eat Flakes"!

https://www.inc.com/minda-zetlin/kellogg-ceo-gary-pilnick-tells-cash-strapped-customers-to-eat-frosted-flakes-for-dinner-from-a-600-a-night-resort.html

 

[bgcatty]

The Kelloggs guy is a first class idiot of a CEO as are most of the idiot CEOs running American manufacturing into the ground!

 

[bwframe]

 

[firecadet613]

View attachment 370287

I'd expect this to continue if companies miss Q2 expectations...

 

[Super Bee]

It was down nearly 1000 yesterday too but rebounded some.

 

[foszoe]

You have 30 min to buy AMZN at a bargain.
I'd buy POWL at 149.99 too.

IF you are an investor not a trader.

 

[Magyars]

Down 776 as of 3:35 PM

Futures DJIA Chart Daily

Stock screener for investors and traders, financial visualizations.

finviz.com

 

[foszoe]

Yeah. I knew the market was having a bad day when my GTC Limit order for TOST triggered today along with my AMZN order

Only 2 moves I have made today.

What tics me off is my 401K money always goes in on the day the market goes up 4%

I am just glad 70% of it goes in as cash. Wasn't that way in the old days.

 

[bwframe]

Just a dumb hillbilly here, but I think the better investment is bullets?

 

[foszoe]

Just a dumb hillbilly here, but I think the better investment is bullets?

I hope you didn't cash out your retirement and implement that strategy.

But if you do, I also own RIO and VALE

 

[bwframe]

I hope you didn't cash out your retirement and implement that strategy.

But if you do, I also own RIO and VALE

Look me up after the economy goes belly up. I'll be looking for people to run shovels and the like. Maybe sentry work on the perimeter, if you have enough trigger experience?

 

[BehindBlueI's]

Just a dumb hillbilly here, but I think the better investment is bullets?

The thread is 3 years old. The second post gave us 14 days until "the collapse" whatever that was supposed to be.

DJIA is up roughly 5,000 in that time frame. S&P 500 up 900. Roughly 11% and 20% gains, respectively, for easy figuring.

So, depends on your time frame. If you need bullets today, sure. If you need to retire in 20 years, maybe no.

Only thing I'm doing different is more money in managed risk funds and sold off some losers I got in stock splits (warner brothers discovery, primarily). Else it's still index funds, dividend stocks in the energy infrastructure space, and the biggest percentage into the Fidelity contrafund. One of the very few actively managed funds that routinely outperforms index funds, and once I've been using for some 15 years or so with pretty solid returns.

 

[foszoe]

Look me up after the economy goes belly up. I'll be looking for people to run shovels and the like. Maybe sentry work on the perimeter, if you have enough trigger experience?

I have been needing a fall back plan !

Thanks so much!

 

[foszoe]

The thread is 3 years old. The second post gave us 14 days until "the collapse" whatever that was supposed to be.

DJIA is up roughly 5,000 in that time frame. S&P 500 up 900. Roughly 11% and 20% gains, respectively, for easy figuring.

So, depends on your time frame. If you need bullets today, sure. If you need to retire in 20 years, maybe no.

Only thing I'm doing different is more money in managed risk funds and sold off some losers I got in stock splits (warner brothers discovery, primarily). Else it's still index funds, dividend stocks in the energy infrastructure space, and the biggest percentage into the Fidelity contrafund. One of the very few actively managed funds that routinely outperforms index funds, and once I've been using for some 15 years or so with pretty solid returns.

I bought your WBD in the 7s with a 5 year horizon.

I hope I don't have to cry over that one.

 

[bwframe]

Biden called a lid early and headed to Delaware this morning.

Wonder where Kamala is campaigning this weekend to get the bidenomics report on her and Joe's economy?

 

[BehindBlueI's]

I bought your WBD in the 7s with a 5 year horizon.

I hope I don't have to cry over that one.

I moved more into Charles Schwab. I guess we can look back in 5 years and see who won. Hopefully we both did.

 

[BehindBlueI's]

View attachment 370335
View attachment 370336

Good time to buy bond funds, if rates are cut the older higher rate bonds will be more valuable. Vanguard Total Bond fund is up today. Energy stocks still doing well. There are stocks other than tech...

I'm down overall today on my individual stocks, largely due to Ford and GE Aerospace, however since both have more than doubled since acquiring I'm ok with some dips.

 

[foszoe]

I moved more into Charles Schwab. I guess we can look back in 5 years and see who won. Hopefully we both did.

Yeah its not a zero sum game! Hope you do very well.

 

[bwframe]

 

[foszoe]

I am more concerned about possible Mid East conflicts than I am Biden ATM.