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Bear Market...
#14374735
05/23/22 01:50 PM
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Joined: Nov 2009
Posts: 39,372
Dan90210 ☮
OP
Jr Deputy Dan
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OP
Jr Deputy Dan
Joined: Nov 2009
Posts: 39,372 |
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!
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Re: Bear Market...
[Re: Dan90210 ☮]
#14374752
05/23/22 02:00 PM
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Joined: Nov 2002
Posts: 54,458
RayBob
Super Freak
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Super Freak
Joined: Nov 2002
Posts: 54,458 |
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.
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Re: Bear Market...
[Re: Dan90210 ☮]
#14374764
05/23/22 02:16 PM
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Joined: Jan 2003
Posts: 5,000
RoadRunnerTR21
TFF Celebrity
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TFF Celebrity
Joined: Jan 2003
Posts: 5,000 |
5.56 rounds make good currency
Light Blue 19 CPX
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Re: Bear Market...
[Re: Dan90210 ☮]
#14374776
05/23/22 02:24 PM
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Joined: Jan 2010
Posts: 19,871
Emit R Detsaw
TFF Guru
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TFF Guru
Joined: Jan 2010
Posts: 19,871 |
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.
May you be treated the way you treat other people, today and everyday!
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Re: Bear Market...
[Re: Dan90210 ☮]
#14374777
05/23/22 02:24 PM
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Joined: Jan 2005
Posts: 4,663
TexasZman
TFF Team Angler
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TFF Team Angler
Joined: Jan 2005
Posts: 4,663 |
The coming depression will make 1929 look like the land of milk and honey.
Be Inspired, Inspire those around you.
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Re: Bear Market...
[Re: Dan90210 ☮]
#14374781
05/23/22 02:25 PM
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Joined: Jan 2008
Posts: 41,939
Ghost4BH
TFF Guru
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TFF Guru
Joined: Jan 2008
Posts: 41,939 |
Where is Carl when we need him?
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Re: Bear Market...
[Re: Dan90210 ☮]
#14374783
05/23/22 02:26 PM
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Joined: Jul 2002
Posts: 5,744
Mark C
TFF Celebrity
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TFF Celebrity
Joined: Jul 2002
Posts: 5,744 |
Got a meeting with my FA tomorrow to try and stem the bleeding. Elections have consequences.
You are not a good or nice person.
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Re: Bear Market...
[Re: Dan90210 ☮]
#14374785
05/23/22 02:27 PM
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Joined: Apr 2010
Posts: 26,161
patriot07
TFF Guru
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TFF Guru
Joined: Apr 2010
Posts: 26,161 |
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. - Soren Kierkegaard
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Re: Bear Market...
[Re: Dan90210 ☮]
#14374791
05/23/22 02:39 PM
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Joined: Jan 2005
Posts: 12,905
DI
TFF Guru
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TFF Guru
Joined: Jan 2005
Posts: 12,905 |
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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Joined: May 2002
Posts: 5,037
leethefishking
TFF Celebrity
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TFF Celebrity
Joined: May 2002
Posts: 5,037 |
You can’t predict recession when we are in recession. We needed your insight about a year ago.
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Re: Bear Market...
[Re: Mark C]
#14374826
05/23/22 03:22 PM
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Joined: May 2007
Posts: 40,425
WAWI
TFF Guru
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TFF Guru
Joined: May 2007
Posts: 40,425 |
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.
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Re: Bear Market...
[Re: Dan90210 ☮]
#14374830
05/23/22 03:23 PM
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Joined: Oct 2012
Posts: 25,329
ReelBusy
TFF Guru
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TFF Guru
Joined: Oct 2012
Posts: 25,329 |
We've been in a bear market for a while now. I quit asking if it can get any worse...
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Re: Bear Market...
[Re: WAWI]
#14374862
05/23/22 03:55 PM
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Joined: Nov 2009
Posts: 39,372
Dan90210 ☮
OP
Jr Deputy Dan
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OP
Jr Deputy Dan
Joined: Nov 2009
Posts: 39,372 |
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
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Re: Bear Market...
[Re: ReelBusy]
#14374872
05/23/22 04:02 PM
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Joined: Apr 2008
Posts: 40,983
CCTX
mapquest
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mapquest
Joined: Apr 2008
Posts: 40,983 |
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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Joined: Aug 2001
Posts: 11,622
Razorback
TFF Guru
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TFF Guru
Joined: Aug 2001
Posts: 11,622 |
I just love the Socialist Democrat economy more every day.
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