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06-27-2016, 11:23 AM
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Kind of a mod
Join Date: Aug 2005
Location: Donkey Land
Casino cash: $146899
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Investing megathread extravaganza
A place to talk about investing stuff.
Last edited by DaFace; 02-19-2021 at 06:35 PM.. |
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Posts: 52,520
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01-24-2022, 12:22 PM
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#12333 |
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It's just a ride.
Join Date: Dec 2010
Casino cash: $3440360
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Not saying I told you so but yeah I'm totally saying I ****ing told you so.
At some point Powell will come out with some shit to make it recover slightly I imagine. He always likes to give the market a soft landing after he back hands it.
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12·12·11 回 RIP Turd Haley |
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Posts: 7,642
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01-24-2022, 12:45 PM
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#12334 | |
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Veteran
Join Date: Oct 2002
Location: Bismarck
Casino cash: $468196
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Quote:
I'm watching everything from the sidelines trying to find something. What are your thoughts on where the bottom might be? |
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Posts: 1,352
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01-24-2022, 01:26 PM
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#12335 | |
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Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $914127
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Quote:
As far as where I think the bottom is, well, who knows? We are at a key support level on a weekly chart right now on the QQQs. On a momthly chart we are not looking well. I think we could see another 10% to the down side. Same with the SPYs. I will say this though, days like today get you closer to the bottom but they are scary and hard to stomach. Then again and I don't want to get overly-political but we have an Administration right now that is literally ****ing up everything it touches along with a Federal Reserve that is way behind the 8 ball. |
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01-25-2022, 09:55 AM
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#12337 |
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Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $891110
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Buying 25 more shares of DIS
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"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~  "The men who drafted Patrick Mahomes" 
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01-26-2022, 08:28 AM
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#12340 | |
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Supporter
Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $914127
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Quote:
I wouldn't guess that we had much further to go on the downside here. We've dropped off heavy for various reasons but I think those reasons are getting fairly well priced in. The market will eventually get back to looking at earnings. That is to say if the Fed & Biden Admin. don't **** things up. This is how I see things playing out for the near term... Market corrects or in the minds of some, crashes... People see their 401k go down Spending on going out stops Spending on frivolous wants stops Overspending on housing stops Generally speaking, spending starts to cool off That should hopefully get some of this inflation in check. The Fed needs to stop buying bonds. The Fed needs to raise rates effectively but carefully. (Good luck) The Biden Admin. needs to quit trying to dump trillions of $'s into an economy that already has an excessive amount of demand and excessive shortage of supply. If things worked out we would go the Reagan route of raise rates, cut taxes. |
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01-26-2022, 08:30 AM
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#12341 | |
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Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $891110
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Quote:
__________________
"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes"
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Posts: 52,683
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01-26-2022, 09:43 AM
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#12345 |
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Politically Incorrect
Join Date: Feb 2009
Location: Scottsdale, AZ
Casino cash: $891110
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AMC to the moon!
 MTG come out come out wherever you are.
__________________
"The only difference between sex for free and sex for money is that sex for free costs you a WHOLE LOT more!" ~Redd Foxx~ "The men who drafted Patrick Mahomes"
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Posts: 52,683
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Investing megathread extravaganza
you'd think but it wasn't.....
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