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Bear Market... #14374735 05/23/22 01:50 PM
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Dan90210 ☮ Offline OP
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I have looked into my crystal ball and folks Dan the Magnificent has seen a vision of the future brought to him by the spirits in the spirit world... The see'er of all things has seen far into the future...

By the end of this week we will be in a bear market and the recession has already begun.

Gas prices will be the nail in the coffin. Consumer spending will plummet. Housing...well if you were thinking about selling do it really quickly. Its all going to slow way down... do not look at your 401ks for the next 18 months or so, it will depress you.

The spirits have informed me of this. Have a great day! smile



Re: Bear Market... [Re: Dan90210 ☮] #14374752 05/23/22 02:00 PM
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recession now, then the depression? I'm waiting on the world's monetary systems to collapse so they can go ahead and start chipping the folks. New World Order fo sho!

Gotta have the chip to buy or sell.


Advice? Wise men don't need it. Fools won't heed it.

Re: Bear Market... [Re: Dan90210 ☮] #14374764 05/23/22 02:16 PM
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5.56 rounds make good currency

Re: Bear Market... [Re: Dan90210 ☮] #14374776 05/23/22 02:24 PM
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Emit R Detsaw Online Content
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Makes me glad that the annuity part of my retirement portfolio is Lock Step. Even when the market goes down, the payment never does. My IRA is all house money. Took out the initial investment years ago and have been enjoying free money from it for several years. Bear Markets are good. Makes for buying opportunities in the near future after the corrections are done.




Re: Bear Market... [Re: Dan90210 ☮] #14374777 05/23/22 02:24 PM
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The coming depression will make 1929 look like the land of milk and honey.


Be Inspired, Inspire those around you.
Re: Bear Market... [Re: Dan90210 ☮] #14374781 05/23/22 02:25 PM
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Where is Carl when we need him?

Re: Bear Market... [Re: Dan90210 ☮] #14374783 05/23/22 02:26 PM
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Got a meeting with my FA tomorrow to try and stem the bleeding. Elections have consequences.


Originally Posted by TexasBlonde
You are not a good or nice person.





Re: Bear Market... [Re: Dan90210 ☮] #14374785 05/23/22 02:27 PM
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I have been 80%+ cash in my 401k for some time. Missed out on some gains but I'm darn sure gonna hold til this thing gets a good bit lower to get back in. We bought 1 rent house per year in 2019, 2020, and 2021, but not buying one in 2022. I did do a cash-out refi on my rental mortgages to lower rates and pull cash out for more investments. Thinking we will pick up a few more in 2023/2024 and be done for good after that.

I agree that the market is headed south for the duration of Biden's first term. I expect Desantis or Trump to be elected in 2024 and the market to improve fairly quickly after that. But I'm looking into a hazy crystal ball like everyone else


Life can only be understood backwards; but it must be lived forwards.
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Re: Bear Market... [Re: Dan90210 ☮] #14374791 05/23/22 02:39 PM
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If our tax dollars could just help one more corrupt country fight a war….,


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Re: Bear Market... [Re: Dan90210 ☮] #14374802 05/23/22 02:52 PM
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You can’t predict recession when we are in recession. We needed your insight about a year ago.

Re: Bear Market... [Re: Mark C] #14374826 05/23/22 03:22 PM
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Originally Posted by Mark C
Got a meeting with my FA tomorrow to try and stem the bleeding. Elections have consequences.


Other than selling in a down market there isnt much to do. Dont fall into the trap of buying high and selling low on panic. Sometimes you just have to wait, or better yet buy stocks on sale.

Re: Bear Market... [Re: Dan90210 ☮] #14374830 05/23/22 03:23 PM
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We've been in a bear market for a while now. I quit asking if it can get any worse...

Re: Bear Market... [Re: WAWI] #14374862 05/23/22 03:55 PM
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Dan90210 ☮ Offline OP
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Originally Posted by WAWI
Originally Posted by Mark C
Got a meeting with my FA tomorrow to try and stem the bleeding. Elections have consequences.


Other than selling in a down market there isnt much to do. Dont fall into the trap of buying high and selling low on panic. Sometimes you just have to wait, or better yet buy stocks on sale.


Tha its kind of my thought. When everyone is looking to unload stuff and take losses I am a buyer. I want to double down.

Buy low and sell high and all...

I



Re: Bear Market... [Re: ReelBusy] #14374872 05/23/22 04:02 PM
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Originally Posted by ReelBusy
We've been in a bear market for a while now. I quit asking if it can get any worse...


The slowdown started December 2019. Free money propped up the stock market the last two years.


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Re: Bear Market... [Re: Dan90210 ☮] #14374919 05/23/22 05:23 PM
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I just love the Socialist Democrat economy more every day.

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