DOW heading down again today!? Opens red! Goes to -600 points! | |
Truth Seeker! (OP) User ID: 23422653 United States 10/11/2018 12:07 PM Report Abusive Post Report Copyright Violation | |
siwy User ID: 77002667 United States 10/11/2018 12:08 PM Report Abusive Post Report Copyright Violation | Greg Mannarino, former Bear Stearns securities and trades guy, on this podcast, worth a listen: Quoting: Crash Override that is a total ripoff/copy of the original video below. please don't spread links to these thieves [link to www.youtube.com (secure)] Sorry, I didn't know. Either way, he's on point. Yeah, Greg is great. That video was from 5 months ago however. Check his direct YT channel: [link to www.youtube.com (secure)] |
Festus Hoggbottom User ID: 71195863 United States 10/11/2018 12:10 PM Report Abusive Post Report Copyright Violation | GLD and SLV would have saved yer ass if you would have made the move last week... just sayin... my crystal ball only has a rear view mirror... I just let the 401K ride. I have an investment fund that holds metals, crypto, some stocks, etc. That one's doing OK because I pulled most of it out last week. My 401K (T.Rowe Price) gives me very little control over investments, so I don't mess with it. It's still considerably up overall. I did it. I did it on purpose. And I'll do it again. |
uhhuh User ID: 76067769 United States 10/11/2018 12:11 PM Report Abusive Post Report Copyright Violation | GLD and SLV would have saved yer ass if you would have made the move last week... just sayin... my crystal ball only has a rear view mirror... I just let the 401K ride. I have an investment fund that holds metals, crypto, some stocks, etc. That one's doing OK because I pulled most of it out last week. My 401K (T.Rowe Price) gives me very little control over investments, so I don't mess with it. It's still considerably up overall. Are you 59 1/2 yet? uhhuh |
GT Big hair User ID: 76778373 United States 10/11/2018 12:11 PM Report Abusive Post Report Copyright Violation | My grandparents told me that in the 1970s or 1980s- you could put $200,000 in the bank and make around $35,000 a year in interest and that was enough to live well on. Also, the money was insured by the FDIC up to a large amount in each bank you had money in. That seems wild and so much better. Quoting: Far Away or they could have bought 20 houses in the Bay Area... and would be $10 to $20 million richer! GT Big hair...yep and Amen. |
lil_g User ID: 75610890 United States 10/11/2018 12:12 PM Report Abusive Post Report Copyright Violation | |
uhhuh User ID: 76067769 United States 10/11/2018 12:12 PM Report Abusive Post Report Copyright Violation | My grandparents told me that in the 1970s or 1980s- you could put $200,000 in the bank and make around $35,000 a year in interest and that was enough to live well on. Also, the money was insured by the FDIC up to a large amount in each bank you had money in. That seems wild and so much better. Quoting: Far Away or they could have bought 20 houses in the Bay Area... and would be $10 to $20 million richer! Shit..Back then you could make 10% on a CD. 10%!! The crash in 2000 forced everyone back in the market by making bank & cd rates next to nothing. Pure manipulation. uhhuh |
ProtectYour401K User ID: 76691664 United States 10/11/2018 12:12 PM Report Abusive Post Report Copyright Violation | Anyone looking to protect their IRA/401K/TSP? Reach out to me I can help convert a portion of your paper assets into physical gold/silver and place inside of an IRA to hedge against this mess. Ron Paul is our ambassador, we can help! :) |
Tralfaz User ID: 46163134 United States 10/11/2018 12:15 PM Report Abusive Post Report Copyright Violation | I have a strange feeling that this drop in the market is the burst of the bubble that's been very over inflated. While our unemployment is at a 50-year low, income is not rising and interest rates are climbing without the fundamentals to justify the upswing. Quoting: Rogue Coder Agreed It's called a correction. Get over yourselves. |
Anonymous Coward User ID: 76170368 United States 10/11/2018 12:16 PM Report Abusive Post Report Copyright Violation | My grandparents told me that in the 1970s or 1980s- you could put $200,000 in the bank and make around $35,000 a year in interest and that was enough to live well on. Also, the money was insured by the FDIC up to a large amount in each bank you had money in. That seems wild and so much better. Quoting: Far Away or they could have bought 20 houses in the Bay Area... and would be $10 to $20 million richer! Yeah, my family invested in real estate a lot through the decades, but in Texas. |
vEyeSea User ID: 21337117 United States 10/11/2018 12:17 PM Report Abusive Post Report Copyright Violation | To learn who rules over you, find out who you are not allowed to criticize. When the government is wrong, it's dangerous to be right. The secret of freedom lies in educating people, whereas the secret of tyranny is in keeping them ignorant. -Robspierre |
Truth Seeker! (OP) User ID: 23422653 United States 10/11/2018 12:19 PM Report Abusive Post Report Copyright Violation | I have a strange feeling that this drop in the market is the burst of the bubble that's been very over inflated. While our unemployment is at a 50-year low, income is not rising and interest rates are climbing without the fundamentals to justify the upswing. Quoting: Rogue Coder Agreed It's called a correction. Get over yourselves. damage is still done I only seek the truth n nothing but the truth! The truth will set you free, for a price! |
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Truth Seeker! (OP) User ID: 23422653 United States 10/11/2018 12:24 PM Report Abusive Post Report Copyright Violation | |
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Shiva ascendant User ID: 75853616 United States 10/11/2018 12:27 PM Report Abusive Post Report Copyright Violation | My grandparents told me that in the 1970s or 1980s- you could put $200,000 in the bank and make around $35,000 a year in interest and that was enough to live well on. Also, the money was insured by the FDIC up to a large amount in each bank you had money in. That seems wild and so much better. Quoting: Far Away or they could have bought 20 houses in the Bay Area... and would be $10 to $20 million richer! My parents bought a modest home in the lower west bay in '73 for 71k, sold it in 2006 for 1.8m The people who bought it leveled the house and built a bigger one. This is the way the world ends. This is the way the world ends. This is the way the world ends. Not with a bang but with a whimper. |
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ProtectYour401K User ID: 76691664 United States 10/11/2018 12:35 PM Report Abusive Post Report Copyright Violation | |
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YOU ARE ALL DUMB User ID: 75835928 Poland 10/11/2018 12:43 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 76170368 United States 10/11/2018 12:47 PM Report Abusive Post Report Copyright Violation | My grandparents told me that in the 1970s or 1980s- you could put $200,000 in the bank and make around $35,000 a year in interest and that was enough to live well on. Also, the money was insured by the FDIC up to a large amount in each bank you had money in. That seems wild and so much better. Quoting: Far Away or they could have bought 20 houses in the Bay Area... and would be $10 to $20 million richer! My parents bought a modest home in the lower west bay in '73 for 71k, sold it in 2006 for 1.8m The people who bought it leveled the house and built a bigger one. Dang, that is crazy. I think I heard that one could buy a modest home in north Texas in the early 1970s for about $35,000 and now that same house would sell for about $220,000. Not near as crazy as Bay area stuff. |
Anonymous Coward User ID: 77023844 Japan 10/11/2018 12:48 PM Report Abusive Post Report Copyright Violation | so when the economy is doing great it is all because of trump and his brilliant plans Quoting: YOU ARE ALL DUMB when the economy shits the bed whose fault is it? the dems? not trump right... he only takes credit when things are good I like trump but that's only problem I see - any Austrian Economist will tell you the entire ecosystem has been in a massive bubble for the past 10 years, and it's been waiting to pop - Trump should be more honest about this. Sound Money policy is the ONLY thing that could prevent another recession, not a continuation of wild spending & speculation in the markets. For every stock 'winner' there is going to be 5 losers, et al. Oh well, let's just add another trillion or so to the debt...what could go wrong. Got Gold? |
YOU ARE ALL DUMB User ID: 75835928 Poland 10/11/2018 12:54 PM Report Abusive Post Report Copyright Violation | so when the economy is doing great it is all because of trump and his brilliant plans Quoting: YOU ARE ALL DUMB when the economy shits the bed whose fault is it? the dems? not trump right... he only takes credit when things are good I like trump but that's only problem I see - any Austrian Economist will tell you the entire ecosystem has been in a massive bubble for the past 10 years, and it's been waiting to pop - Trump should be more honest about this. Sound Money policy is the ONLY thing that could prevent another recession, not a continuation of wild spending & speculation in the markets. For every stock 'winner' there is going to be 5 losers, et al. Oh well, let's just add another trillion or so to the debt...what could go wrong. Got Gold? i love how for the average person you cannot continue to exist being insanely in debt by spending more money... but the US which is trillions in debt, always just spends more and more for any regular person they would be fucked if they just kept exponentially spending but for the US govt it is fine to just spend trillions and trillions and never make a dent in the debt YOU ARE ALL DUMB |
Anonymous Coward User ID: 76170368 United States 10/11/2018 12:56 PM Report Abusive Post Report Copyright Violation | so when the economy is doing great it is all because of trump and his brilliant plans Quoting: YOU ARE ALL DUMB when the economy shits the bed whose fault is it? the dems? not trump right... he only takes credit when things are good To me, the economy won't be doing great until wages are naturally higher- because of supply and demand of workers, and people can more easily start a small business, so there can be a resurgence of the middle class and not just more working poor. |