Stock market decline

Beac just went full retard.

 

damn lies then man!

 

Just glanced at my 401K.....bummed

 

not sure if this applies, but keep it in perspective...

1. much of what you are losing, you gain from Jan through Oct and/or since Trump took office.
2. look at it from inception. i still have 10%+ gain overall. still better than a mason jar or most any other vehicles for investments.
3. it ain't yours, gain/loss, until you sell it.

 

I know all that....my comment was just kind of meant as a "meh".

 

Its so hard to keep up with you guys!

 

IKR. Have a good Chistsmas man.

 

I'm wondering, if you reworded your search string, half the listings wouldn't be referencing Trump's criticisms (tough to say whether he's a market expert or not; would be nice to see his tax returns). Actually, if you wan't to play Fed Chair, maybe try it? To be very clear, your statement is flat out wrong.

Interestingly, a fair-minded analysis can be found at the RWN-kicking site Vox, supporting both the idea it could be bad, but its highly uncertain (and bad for whom varies). All Garth and many others here seem to care regarding the stock market are related to the landed/monied class, not the worker. Irrespective of the perspective, the stock market is pretty badly inflated, and a correction is coming.

There are certainly a number of countervailing arguments on the interest hikes, but having an independent Fed is is a very good idea simply because the alternative is a terrible one.

 

Independent fed is an illusion

 

I just have to ask, if raising the rates now is the right thing to do, why was it not done while Obama was President?
And what about the years of QE? How does one explain the complete turnaround in tactics?

 

I'm no financial guru, but isn't this what them guys call a "Market Correction"??

 

I answered that. Because the economy under him couldn't take a rate increase. Not even a quarter point, it would have stalled.
Same reason why the unemployment rate was under reported under him and the tax increases he wanted didn't all go in to place.

 

you are more of a guru than you give yourself credit for. Yes, to an extent it is. Mix in profit taking, just plain old "cashing out" and media induced nervousness and you're getting there.

 

Oh, no doubt they would. But those wouldn’t support my arguments.
Just one point of clarification. When you state “worker” does this refer to those who the state of California take money from in order to give to you? Are those the workers you are referencing?

Landed monied class? Next time I visit my Great Great Grandfathers, Great Grandfather and Grandfathers burial sites I’ll make sure to chastise each one of them for all of their life long hard work.

I might even throw in a couple Grandmas for good measure.

And the ever ubiquitous 2 fucks.

 

Because the overall economy was such crap it would have collapsed. But that’s non of my business. LOL.

 

I have several friends that live in Norway, one in Sweden. They are regular working folks, not rich. They like their free shit but man do they moan about their taxes. The result is they live quite frugally, not many toys. They can afford one bike and they pay through the nose for the privilege. When they visited a few years ago they were flabbergasted at the way we accumulate bikes and ride without much care for speed limits. They stated that they couldn't afford a speeding ticket at home.

 

'murica!! Heck yes!!

 

Yea but historically raising the rate crashes the market, correct?
And they've raised it what, 4x in the last 2 yrs? You don't hear the MSM enlightening their sheeple on that point, as usual they're just stirring the pot creating as much fake news and fear mongering as possible.

On my FB feed, I read some dude questioning what he should do about his 401K......some fools were actually encouraging him to pull it out or move to a fixed account...

If I did that back in '08, I would have lost half the money in there, which did recover a year or so later.

 

Obama's fault.

 

Why you STILL so hard on him ST??? Let it go man!