Stock market!!!!

[alarmguy]

I want to kick myself, I am heavy into WMT, never selling it, Ironically I am still up from when I purchased it one year ago. (end of march 2019)

One foolish move was to buy a smaller amount of a bank stock (WFC) that has been slammed but not going to sell it because one day, off into the sunset I think it will climb faster then WMT.

But who knows, all I know I wish had more WMT (Walmart) Ironcally the WFC (Wells Fargo) was a mistake, in the true sense of the word, it wasn't the plan for the portoflio I have it in, it was actually a mistake but then I was hesitant to take a loss weeks back, now wish I did... oh well ... life goes on, still in ok shape, now down like the market is but would have, should have might have looked like a hero if not for that mistake. )

 

[PimTac]

Originally Posted by JOD
Originally Posted by PimTac


The economy was doing very very well.



I just want to point out that not everyone believes this, or believed it before the current crash. If you truly believe that, then I'd agree that a recession will be a relatively short lived event and we're close the floor.

Personally, I do not believe that, and haven't for a while. While I don't treat these things as gospel, the inverted yield curve, along with exploding debt levels and stock market/GPD levels were all pretty strong indicators that things were amiss.

Underpinning all of it in my mind is the Gini coefficient. We're at levels that exceeded the Gilded Age. No, I don't think we will hit a Great Depression style low, but in a consumer-based society such as we have, you need people to have money to buy things. When real wages for such a large percentage of people have been declining for decades, don't be surprised when an event like this puts consumers--who ultimate drive this and most modern economies--on their backs. There are going to be ripple effects that are going to last for a while, in my opinion.

I don't doubt there will be solid investment opportunities starting soon, but on the aggregate I personally think we are looking at recession and recovery period that is equal to or slightly greater than 2007-2009 recession. I would be thrilled to be wrong.




This is really pessimistic. You don't live down in SODO by chance?

 

[Mr Nice]

PimTac,

Our economy wasn't in a great shape before the recent market hit.

Just like a body builder all pumped up on steroids, growth hormones, Synthol and gulping down weight loss pills..... their body was loaded with toxic poison.

Stock markets were also artificially pumped up for the last 5 years. This wasn't going to end well.

Notice how many CEOs stepped down in the last year???
They want to dump their stock before the recession.

 

[alarmguy]

(This is my reply to a few posts above ^^ Pimtac and I see Mr Nice just posted what I am talking about as well!) BTW its kind of nice having a normal discussion in a thread without discounting other views.

I dont think the above is pessimistic, I think its a good thought.
The other thought is maybe an explosion of relief that shoots the market sky high once this thing is under control.

However I have this REALLY pessimistic view/concern right now. Most likely what the public thinks is impossible and that is why I am concerned.
What about the start to another 1929 Great Depression?
The reasons can be different, the world is different and the fear in the public is real enough to start a cascade of the house of cards falling down.
Things that include the house of cards, worthless currency around the world, debt levels insanely high all across the board from consumer to governments.

We think the economy was good the last few years, but really? Was it real when the government to this day was still pumping in close to a trillion dollars a year of borrowed money and artificially to this day keeping interest rates low?
Anyway, anything can happen, this can be the end of the world as we know it or the market can shoot up to the sky when there is hope, there is no way to predict, at this point which because it will all be based of the feelings of the public, whether they spend (or can spend) or not. The Fed is completely broken, out of moves that it can make (even though they say not)
Lets face it, we are a nation of debt and that is bad in bad times, we are immature Americans, unwilling to save to buy stuff and instead borrow from other people and we think things are good but ignore that we allow our government to keep borrowing money instead of paying it back from the last "crash"

For me, just so you know, I dont have the answer, so I am increasing my 401K to the max allowed contribution today. I keep my 401K simply tied to index funds and like I said, dont invest what you cant afford to lose and dont think we cant get stuck in a decades long sideways market like Japan did.
Me personally, as of this morning, think we will pull out of it and why I am investing my 401k to the max. However feelings mean nothing, void of facts.

My speculative account (personal) Im holding onto my WMT/Walmart, I love this company and holding onto my mistake WFC (Wells Fargo) because I was too stupid to take a loss. So it will be unless I can see a way to faster re-coop the WFC. For now incredibly as I said. I am still up in my personal account in lower signal digits for the last year as of this morning Im am up 2.68% since march of 2019 but was up 20% ish ... ... though that can change ) If it wasn't the mistake of buying Wells Fargo I would still be up quite a bit, which is amazing.

 

[PimTac]

I'm wondering what defines a good economy then?

A couple of points, the US is a big country so there may be areas that are not participating in a good economy. That would be a personal decision then whether to move or stay. The other point is a personal one. I won't delve much into that but if a person has sufficient education and a willingness to work then he or she should be able to make a go of it.

 

[Mr Nice]

Harley Davidson CEO stepped down without any prior notice. He wants to dump his stock ASAP.

Tim Cook sold a ton of Apple stock recently.

When lots of CEOs are dumping stock and heading for the exit..... it was also time to sell.

Walton family also sold WMT a ton of stock recently.

Even the crazy wealthy are trying to reduce the hit.

 

[ArrestMeRedZ]

And the new CEO of Wells Fargo just made a big purchase of company stock on the open market with personal funds. The case can be made for dumping a lot of stocks right now. I just don't think WFC is one.

 

[Alfred_B]

$1.5 trillion spent by the feds in 4 days with nothing to show for it.

SMH

No wonder there is a deep distrust in their credibility to know what's going on and then prescribe solutions.

 

[JOD]

Originally Posted by PimTac



This is really pessimistic. You don't live down in SODO by chance?


It is--and not, I'm not cheering for it, by any means. That's just one guy's opinion. Since I pulled out when the Dow was ~28.5, as long as I get back in even at as the floor tilts up, I'll call it a win.

I'm in the CD, so just up from SODO.

 

[PimTac]

Famous saying.

"When your neighbor loses his job it's a recession. When you lose your job it's a depression."


I'll leave you all to your gloom.

 

[doitmyself]

I had to sell our home and move to a different position within my current employer during the 1980 recession. Michigan got hammered in that event due to our heavy reliance on the auto industry. People were boarding up their homes and moving to Texas for jobs (sorry Texas).

I survived and prospered, as I plan to after this adjustment. The Chicken Little reaction is rather comical. I still remember learning in high school economics class in 1973 that our economy is based on having cyclic downturns. Why are so many people shocked that we are entering one now? We knew it was coming.

 

[ZZman]

Heck, now all these corps can buy their stocks back even cheaper.....

 

[Mr Nice]

Talks of emergency cash for folks and market pops.

This is very worrisome and the wheels are about to fall off the economic wagon.

Greed is bad especially if there was 10 excellent years of market run up and ignored all the warning signs.

Official recession begins very soon.

 

[JeffKeryk]

Originally Posted by Mr Nice
Talks of emergency cash for folks and market pops.

This is very worrisome and the wheels are about to fall off the economic wagon.

Greed is bad especially if there was 10 excellent years of market run up and ignored all the warning signs.

Official recession begins very soon.


We need to manage the situation.
Finally, this is being taken seriously; we are all in this together.

 

[miden851]

Originally Posted by Mr Nice
Talks of emergency cash for folks and market pops.

This is very worrisome and the wheels are about to fall off the economic wagon.

Greed is bad especially if there was 10 excellent years of market run up and ignored all the warning signs.

Official recession begins very soon.




insane

economy is good or economy is the best, not long ago

Correct me if I'm wrong but I've heard they plan to bail out Exxon!?? Is that true???

 

[Jackson_Slugger]

 

[gman2304]

I haven't even looked at my investments. I pay a guy to do it for me. Stop obsessing, buckle up, and ride it out!

 

[JOD]

Originally Posted by alarmguy



We are not allowed to get into politics or I would have more to say.
But here are the facts, I love reading posts void of facts, I wish more people would post real sources of true information. 1000 dead before Time Flu was declared an emergency by the last administration.
There is no denying this = https://www.factcheck.org/2009/11/swine-flu-emergency/


goodness...did you even read your own fact checking link!? It disproves exactly what you're claiming?

if you want facts, actually read the link you posted. And go to the CDC's website, which clearly shows the full timeline of H1N1.

 

[alarmguy]

This is a stock thread and no comments allowed on corona flu ect , timelines matched up with my link will explain, you are correct, cdc website has all the facts

 

[Jackson_Slugger]

Originally Posted by JOD
Originally Posted by alarmguy



We are not allowed to get into politics or I would have more to say.
But here are the facts, I love reading posts void of facts, I wish more people would post real sources of true information. 1000 dead before Time Flu was declared an emergency by the last administration.
There is no denying this = https://www.factcheck.org/2009/11/swine-flu-emergency/


goodness...did you even read your own fact checking link!? It disproves exactly what you're claiming?

if you want facts, actually read the link you posted. And go to the CDC's website, which clearly shows the full timeline of H1N1.




Dr. Joseph Mercola is a fricking quack that spreads misinformation regarding autoimmune diseases. And oh yeah, he's one of the mongoloids known as anti-vaxxers!..Great source! What does Jim Bakker or Alex Jones have to say?

https://en.wikipedia.org/wiki/Joseph_Mercola#Views_and_controversy