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Old 01-30-18, 01:12 PM   #291
Buck Henry
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Old 02-02-18, 02:01 PM   #292
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And looks like the correction may be well underway. DJIA down 400+ today so far.


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Old 02-02-18, 02:17 PM   #293
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Well the good news for old farts like me is My money has been safe for years now and my daughter will be able to start investing her 401 money in a trough. So hopefully over the next 37 years she will see some significant growth. I'm still concerned that everything in this country has been driven by debt and entitlement vote buying that has yet to be dealt with in any manner. I guess as long as there is global money flowing into the stock market because it appears safer than Venezuela or Greece then there are gains to be made.
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Old 02-02-18, 08:05 PM   #294
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KEEP YOUR HANDS AND FEET INSIDE THE RIDE AT ALL TIMES. PLEASE SECURE YOUR VALUABLES AND ENJOY THE RIDE!


Still above 17% over the past 12 month period.
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Old 02-03-18, 12:37 PM   #295
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I just checked the mattress and we're still pretty secure.
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Old 02-05-18, 04:26 PM   #296
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Ouch.....but still higher than a mere 3 months ago.


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Old 02-05-18, 09:16 PM   #297
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Quote:
Originally Posted by I_got_skunked View Post
If it breaks below 26,000 looks like the next major support line is ~24,800. If it drops past there, then it's hand wringing time. If it drops past 23,000, the commodities advertisements on tv will get annoying.
Overshot on the correction past 24,800, then came back up to 24,775 and dipped back down before market close. We'll know pretty early tomorrow if the markets will hold around 24,800. If it drops past today's low point in the first bit of trading, algorithms will take us down to 23,500 in relatively short order (maybe by end of week). If the initial trading is oscillations approaching 24,800, then it's a good sign that this was the correction and that the markets will settle into a ranging pattern for a while. I'd be a little bit surprised if it breaks below ~23,500 because business seems pretty strong and there seems to be a healthy level of capital investment occurring. Maybe I need to go searching for more bearish market indicators.

Edit: while there are signs the market was/is overvalued, it's hard to see where the economy itself is unhealthy to the extent where this will bleed down into a full on recession.
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Last edited by I_got_skunked; 02-05-18 at 09:34 PM.
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Old 02-06-18, 07:06 AM   #298
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I think, and I am truly ignorant of all things money, to see where the true floor is go back to Dec. 2008. The Fed started pouring billions into QE to prop up an already debt driven stock market. The Fed, I think, mentioned not too long ago the QE was stopping and they would be divesting/unloading their holdings.
I know many elderly folks who have been duped er...advised to go all in with their retirement money over the last 2-3 years. I hope they are being advised to make hay today.

I hope every one protects their money and financial future today with the best information they can get. I just ordered another case of mason jars from Amazon Prime. If you need a safe place for cash. I only charge 1% a month to keep it buried in the back 40 with the goats.
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Old 02-06-18, 07:20 AM   #299
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Quote:
Originally Posted by eyeflyfish View Post
I think, and I am truly ignorant of all things money, to see where the true floor is go back to Dec. 2008. The Fed started pouring billions into QE to prop up an already debt driven stock market. The Fed, I think, mentioned not too long ago the QE was stopping and they would be divesting/unloading their holdings.
I know many elderly folks who have been duped er...advised to go all in with their retirement money over the last 2-3 years. I hope they are being advised to make hay today.

I hope every one protects their money and financial future today with the best information they can get. I just ordered another case of mason jars from Amazon Prime. If you need a safe place for cash. I only charge 1% a month to keep it buried in the back 40 with the goats.
My advice is probably worth as much as you're paying for it, but I do not think the floor is 2008 simply because our economy has added significant value since then. The exact floor would be a topic of debate and human psychology.

Timing markets can be a bit of a fool's errand, so I recommend that anyone in retirement have a year's worth of cash/guaranteed income assets built up so that they don't have to pull from investments until the markets recover value from a crash.

There is certainly some potential that we've QE'd ourselves into a position somewhat prone to inflation without any room to grow profit margins. That'll be interesting to see.
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Old 02-06-18, 07:52 AM   #300
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skunked, as I said I am as ignorant as ignorant can be when it comes to money. I also recognize that I can only speak from my experience and wisdom that I possess. So in my world "value" is described as what something is worth. So if I have an asset of $18 trillion and debt of $21 trillion then my real value is -$3 trillion.

So here goes another 100 pennies in the mason jar. Won't be long for I crank up the tractor and dig another hole.

Oh, and there is that one other thing that always creeps back into my memory. The Japan Lost Decade which I think really ended up as the Lost Three Decades.

Last edited by eyeflyfish; 02-06-18 at 08:38 AM.
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