countrygirl2
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Post by countrygirl2 on Feb 28, 2020 20:04:13 GMT -5
I have checked our IRA accounts, looking good, we stay in pretty safe items, no huge gains but little losses.
We have been earning ok, taking 10% a year out since hubs retired, one has more then when he retired, the other only down about $3k so not complaining and this was year 5, might go down later but so far so good.
We had 2 CD's also retire the last 2 days, sad but to be expected. Reinvestment is only for 8 months on each. one at 1.50% the other at 1.60%. One of them was a step up CD before, not available this time. If you went out further the rate was .5%, what we got was bad enough. We debated on a money market account savings, but didn't, may later. Right now its just a parking place. Not going to have that much money just laying around.
Everytime trump opens his mouth, makes all of it worse.
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OldCoyote
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Post by OldCoyote on Feb 28, 2020 22:05:48 GMT -5
ok, just did a quick "technical analysis". there is really no major support for the Dow until 21700. now, that doesn't mean that it might not turn around TOMORROW. it could! buy buy buy! but IF it did, it would take something positive to make that happen. something more than wind from the forequarters of Trump. the first thing I learned, 42 years ago, about investing is this: NEVER FIGHT A TREND. not going to do so now. watching how this plays out.
well, we went from a record high to a 12 month low in 16 days. that has to be some kind of record. the Dow was below 25000 this morning.
MAGA!
if this is what it takes for the Trumpettes to lose confidence in this president, sobeit. he has been in over his head since Day 1.
Why would we lose confidence in Trump over this?
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OldCoyote
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Post by OldCoyote on Feb 28, 2020 22:10:33 GMT -5
well, we went from a record high to a 12 month low in 16 days. that has to be some kind of record. the Dow was below 25000 this morning.
MAGA!
if this is what it takes for the Trumpettes to lose confidence in this president, sobeit. he has been in over his head since Day 1.
Nope, Trumpettes just came up with a conspiracy theory to explain how it isn't Trump's fault - China created the virus expressly to fuck with Trump's election chances. Or, if you're a Rush ditto head, the virus is just the common cold that the anti-Trump forces are pretending to be horrible in order to fuck with his election chances. See? One never has to stop believing in the awesomeness of the great and powerful Trump. Please explain how the market that is down because of fears of the Corona virus, is Trumps fault?
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countrygirl2
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Post by countrygirl2 on Feb 28, 2020 23:46:33 GMT -5
Please explain why its not.
It's a multitude of things coming together, I wondered when it would happen. Part of it is because of his chronic lying and stupidity, that he understands nothing about what tariffs have done, what years of little or no wage gains for the working class have done. For the fact you have no idea what he will do daily, he "rules" on a whim by twitter. Never know where he is coming from. Has filled his admin with people that can't even pass security clearances. This is leaving the country where you don't know what shoe will fall next. Then we have a virus show up and find he dismantled the whole pandemic response sytem that has been set up and now there is nothing there. Apparently he was begged not to do it. Then China did exactly what trump is doing trying to hide this and say its not so, so now its starting up. He will not listen to doctors or experts in the medical field. Now he is saying that this is a hoax and a dem plot, that's why the market is tanking.
No its because of all the dumb sh** trump has done.
Wait till some of the people up there get sicks, I suppose a dem slipped in to make this happen.
I have a couple of friends that are rabid trump supporters, one has contacted me privately and she said, oh I know he is nuts, LOL!! I'm waiting to have her say that in public, don't think she can. And another one, she has swayed a bit and where just a couple of days ago she was going over all his virtues, now its crickets. Waiting to get that private message from her.
OC, its unbelievable that you are still trying to justify the BS this guy spouts and is doing. Waiting to see when you get your head right. I so hope that what he is doing now will sway even more formerly stalwart people. Most of his supporters aren't stockholders, but if they get sick and can't afford meds, and especially since they are poor and don't have health care it may actually bring Der trumpenfuhrer down. Let's hope so for the sake of the country. Sounds like we are on our own. Read about pences history in Indiana, god help us all.
So yep easy to figure out why the market is down, and guess what, yes, its all trumps fault.
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Gardening Grandma
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Post by Gardening Grandma on Feb 29, 2020 0:17:04 GMT -5
The market is down because of the global effects of the corona virus.
The administration is incompetent to deal with the incoming pandemic crisis - they demonstrate their incompetence daily.
The CDC did not want to bring 14 infected people from the cruise ship into the US, but was overruled by the administration.
They were met by workers flown in without training or equipment to protect themselves. The workers moved around in the community, then took commercial flights home. No one told them to take their temperatures 3 times a day.
Part of the markets tanking is the fear that the administration is not ready or able to deal with a pandemic - the actions of the administration show that is true.
It’s going to get far worse before it gets better
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happyhoix
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Post by happyhoix on Feb 29, 2020 13:17:24 GMT -5
Nope, Trumpettes just came up with a conspiracy theory to explain how it isn't Trump's fault - China created the virus expressly to fuck with Trump's election chances. Or, if you're a Rush ditto head, the virus is just the common cold that the anti-Trump forces are pretending to be horrible in order to fuck with his election chances. See? One never has to stop believing in the awesomeness of the great and powerful Trump. Please explain how the market that is down because of fears of the Corona virus, is Trumps fault? Please explain how Trump was responsible for the positive economy Trump gleefully took credit for during the last three years, when you kept crowing 'MAGA' every other post. The truth is he's not all that responsible for either the great or the tanked economy, but it's also true that, just as he took credit for the good one, he'll get blamed for the bad one, which is why he's trying to claim the coronavirus is a hoax, in the hopes that he can bullshit investors into calming the markets.
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Gardening Grandma
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Post by Gardening Grandma on Feb 29, 2020 16:27:34 GMT -5
Please explain how the market that is down because of fears of the Corona virus, is Trumps fault? Please explain how Trump was responsible for the positive economy Trump gleefully took credit for during the last three years, when you kept crowing 'MAGA' every other post. The truth is he's not all that responsible for either the great or the tanked economy, but it's also true that, just as he took credit for the good one, he'll get blamed for the bad one, which is why he's trying to claim the coronavirus is a hoax, in the hopes that he can bullshit investors into calming the markets. His cult followers will have a hard time accepting his lie when they start losing family and friends to his "hoax"
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djAdvocate
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Post by djAdvocate on Mar 9, 2020 0:08:27 GMT -5
international markets are getting demolished.
as of this hour.....
Australia - 6.6% Japan - 5.6% Hong Kong -3.6% India -4.0%
the dow jones futures market is trading -100 points, which is quite bearish. European markets open in 3 hours.
update: the Australian market has fallen another 0.8% I didn't check the other ones. note: Australia's economy depends on commodities, and oil is -30% in overnight trading.
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thyme4change
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Post by thyme4change on Mar 9, 2020 10:38:21 GMT -5
Please explain how Trump was responsible for the positive economy Trump gleefully took credit for during the last three years, when you kept crowing 'MAGA' every other post. The truth is he's not all that responsible for either the great or the tanked economy, but it's also true that, just as he took credit for the good one, he'll get blamed for the bad one, which is why he's trying to claim the coronavirus is a hoax, in the hopes that he can bullshit investors into calming the markets. His cult followers will have a hard time accepting his lie when they start losing family and friends to his "hoax" a) Let's hope it doesn't come to that. I hate Trump as much as the next guy, but I don't want a bunch of people dying (even all the Trump supporters) b) Don't underestimate the power of the imagination of conspiracy theory people. Somehow, this will be Hillary's fault. They won't stick with the same conspiracy that they have now. The conspiracy will change to a new narrative that still leaves Trump blameless. You need to stop fantasizing about a time that Trump supporters turn on him. It ain't gonna happen.
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djAdvocate
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Post by djAdvocate on Mar 9, 2020 17:16:44 GMT -5
2000 point loss.
he truly is the greatest president of all time.
MAGA!
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tallguy
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Post by tallguy on Mar 9, 2020 17:25:25 GMT -5
His cult followers will have a hard time accepting his lie when they start losing family and friends to his "hoax" a) Let's hope it doesn't come to that. I hate Trump as much as the next guy, but I don't want a bunch of people dying (even all the Trump supporters)b) Don't underestimate the power of the imagination of conspiracy theory people. Somehow, this will be Hillary's fault. They won't stick with the same conspiracy that they have now. The conspiracy will change to a new narrative that still leaves Trump blameless. You need to stop fantasizing about a time that Trump supporters turn on him. It ain't gonna happen. Well, hold on there. Can we talk about this?
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djAdvocate
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Post by djAdvocate on Mar 9, 2020 17:30:22 GMT -5
at the low of the day, the market was -19.8% from the high, which is 0.2% short of a bear market in the Dow.
most of the indexes are flirting with that 20% level. and that all happened in less than a month.
MAGA!
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happyhoix
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Post by happyhoix on Mar 9, 2020 18:00:05 GMT -5
Nope, Trumpettes just came up with a conspiracy theory to explain how it isn't Trump's fault - China created the virus expressly to fuck with Trump's election chances. Or, if you're a Rush ditto head, the virus is just the common cold that the anti-Trump forces are pretending to be horrible in order to fuck with his election chances. See? One never has to stop believing in the awesomeness of the great and powerful Trump. Please explain how the market that is down because of fears of the Corona virus, is Trumps fault? It's not down because of the coronavirus, it's down due to fear of the coronavirus, mostly due to the unknowns. How many are already infected? Don't know because we don't have enough tests to check everyone. Trump is trying to blame that on anyone else, but he's the president, he's the one in charge, he should have made test kits a priority two months ago when this first showed up. He chose to ignore it instead. He's also out there contradicting the experts - and sometimes even Pence - is saying. Trump keeps insisting the virus is contained - it is not. He keeps saying it's not that bad - it's much worse than the flu for people >60 years old. I keep expecting him to whip out his big sharpie and start crossing out the reported number of infected and writing in his 'gut' feelings. In times of crisis and uncertainty, we need a leader we trust and who inspires confidence. Instead we have Trump, who we can trust to say anything that improves his political chances, and who we can be confident is lying whenever his mouth is open. I'm not saying there wouldn't have been a panic if some other politician was in charge, but I'm 100% certain that if any of the other GOP candidates had won, there would be less of a panic, and less of a crash on Walll Street. ANY other GOP candidate.
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Rukh O'Rorke
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Post by Rukh O'Rorke on Mar 9, 2020 18:16:58 GMT -5
at the low of the day, the market was -19.8% from the high, which is 0.2% short of a bear market in the Dow.
most of the indexes are flirting with that 20% level. and that all happened in less than a month. MAGA! oof - expectations for tomorrow?
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Gardening Grandma
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Post by Gardening Grandma on Mar 9, 2020 18:36:44 GMT -5
futures up 200
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oped
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Post by oped on Mar 9, 2020 18:39:21 GMT -5
It’s about a week till morning... anything can happen.
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Gardening Grandma
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Post by Gardening Grandma on Mar 9, 2020 18:43:39 GMT -5
True dat, oped
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djAdvocate
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Post by djAdvocate on Mar 9, 2020 19:26:01 GMT -5
It’s about a week till morning... anything can happen. yeah, but the futures market closed, and it closed up 300.
that indicates an open of at least +400.
Trump is floating the idea of reducing payroll taxes, which would provide a temporary stimulus.
of course, he could actually do something as president, and that would provide a stimulus, as well.
but he won't do that. he will charge our grandkids for his lazy ass instead.
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thyme4change
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Post by thyme4change on Mar 9, 2020 19:47:30 GMT -5
a) Let's hope it doesn't come to that. I hate Trump as much as the next guy, but I don't want a bunch of people dying (even all the Trump supporters)b) Don't underestimate the power of the imagination of conspiracy theory people. Somehow, this will be Hillary's fault. They won't stick with the same conspiracy that they have now. The conspiracy will change to a new narrative that still leaves Trump blameless. You need to stop fantasizing about a time that Trump supporters turn on him. It ain't gonna happen. Well, hold on there. Can we talk about this? Do you think my opinion in point A is unpopular? 🤫
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OldCoyote
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Post by OldCoyote on Mar 9, 2020 21:20:08 GMT -5
Please explain how the market that is down because of fears of the Corona virus, is Trumps fault? It's not down because of the coronavirus, it's down due to fear of the coronavirus, mostly due to the unknowns. How many are already infected? Don't know because we don't have enough tests to check everyone. Trump is trying to blame that on anyone else, but he's the president, he's the one in charge, he should have made test kits a priority two months ago when this first showed up. He chose to ignore it instead. He's also out there contradicting the experts - and sometimes even Pence - is saying. Trump keeps insisting the virus is contained - it is not. He keeps saying it's not that bad - it's much worse than the flu for people >60 years old. I keep expecting him to whip out his big sharpie and start crossing out the reported number of infected and writing in his 'gut' feelings. In times of crisis and uncertainty, we need a leader we trust and who inspires confidence. Instead we have Trump, who we can trust to say anything that improves his political chances, and who we can be confident is lying whenever his mouth is open. I'm not saying there wouldn't have been a panic if some other politician was in charge, but I'm 100% certain that if any of the other GOP candidates had won, there would be less of a panic, and less of a crash on Walll Street. ANY other GOP candidate. Who would be? Joe who almost need a name tag on the front of his shirt , so he can look at it from time to time,,,, Oh Yea I'm Joe What's his name,,,,,,
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oped
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Post by oped on Mar 9, 2020 21:42:49 GMT -5
Joe could easily introduce the cdc scientists providing the daily science report and his well qualified team providing a comprehensive plan and actionable steps being taken with recommendations... and I’d trust them. More the better because no way in hell will he ever suggest he knows better than any doctor...
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Bob Ross
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Post by Bob Ross on Mar 10, 2020 10:24:16 GMT -5
It’s about a week till morning... anything can happen. yeah, but the futures market closed, and it closed up 300.
that indicates an open of at least +400.
Trump is floating the idea of reducing payroll taxes, which would provide a temporary stimulus.
of course, he could actually do something as president, and that would provide a stimulus, as well.
but he won't do that. he will charge our grandkids for his lazy ass instead.
I wouldn't get encouraged by the futures. For the past few weeks since this all started, I've been watching them. Nearly every night after a bad day, they've been up significantly. Then when the markets open the next morning...crashy crashy. Looks like the same is happening today.
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djAdvocate
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Post by djAdvocate on Mar 10, 2020 10:52:02 GMT -5
the market opened +600 and is now about even.
it will probably be down today, and if it is, we will officially be in a bear market.
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Wisconsin Beth
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Post by Wisconsin Beth on Mar 10, 2020 11:06:54 GMT -5
I've never understood what was meant by a bear or bull market. Can someone give me a 'idiot's guide' type definition?
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djAdvocate
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Post by djAdvocate on Mar 10, 2020 11:16:59 GMT -5
I've never understood what was meant by a bear or bull market. Can someone give me a 'idiot's guide' type definition? more than 20% movement in either direction.
we have been in a Bull Market since 2009.
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swamp
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Post by swamp on Mar 10, 2020 12:10:00 GMT -5
I just dumped $10k in the market.
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djAdvocate
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Post by djAdvocate on Mar 10, 2020 12:46:03 GMT -5
you are more than a speculator than me. I just dumped $10k in treasuries.
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oped
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Post by oped on Mar 10, 2020 12:51:58 GMT -5
I’m still waiting.
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djAdvocate
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Post by djAdvocate on Mar 10, 2020 12:53:57 GMT -5
the first rule of investing in equities (if you believe in rules):
never fight a trend.
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Artemis Windsong
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Post by Artemis Windsong on Mar 10, 2020 13:13:12 GMT -5
We moved our IRAs into money market IRAs.
It's not just the corona virus and the stock market response. It is the rip tide that is moving through all sectors of the economy from cancelled entertainment. So far cancelled. BNP Paribas tennis tournament at Indian Wells. Cochella postponed until October. March Madness will probably have no spectators. This is not the only sport event to not have an audience. The ripple effect from money not being spent is tremendous. The motel/hotel revenue. Restaurants. Gas stations. The vendors at the events and all of the people who would have been employed to support the events. Those are the lower income people.
And then there is the discrimination from being on one of the cruise ships. One man quarantined said his wife is being treated like a leaper. His dog walker that just had contact with his wife who is not affected was fired from his FT job. Survivors of bird flu, swine flu, other illnesses are not nearly as concerned.
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