Let The Stock Market Burn!!!

[Bigbrog]

I was today's years old when I finally figured out what "fify" stands for 

[mspart]

I say fify all the time, where have you been?

mspart

[ionel]

20 hours ago, JimmySpeaks said:

I dumped it all due to RVs predictions 

Sorry ... my advisor was wrong ... AGAIN! 

[Gene Mills Fan]

2 minutes ago, ionel said:

Sorry ... my advisor was wrong ... AGAIN! 

But;  another half hour,   ...Viking time

[red viking]

He already caved to pretty much everybody. If he wasn't a weak pathetic person and stood his ground, the Market would still be in the tank. 

Plus the big ugly inflationary bill is gonna drive up all assets. 

Dollar has dropped 10% or so since inauguration. And dumb wingers are celebrating? Lmfao. 

Edited July 9 by red viking

[Offthemat]

1 hour ago, red viking said:

Dollar has dropped 10% or so since inauguration.

Dollars stashed under the mattress get hit the hardest when that happens. 

[ionel]

24 minutes ago, Offthemat said:

Dollars stashed under the mattress get hit the hardest when that happens. 

Do vikings have mattresses?

[Offthemat]

3 minutes ago, ionel said:

Do vikings have mattresses?

Horsehair , I believe.  But I might have spelled that wrong. 

[ionel]

3 minutes ago, Offthemat said:

Horsehair , I believe.  But I might have spelled that wrong. 

I certainly hope that horsehair hasn't been subject to out of control inflation else where would our good friend sleep? 

[Scouts Honor]

probably tariffs

[Offthemat]

22 minutes ago, ionel said:

I certainly hope that horsehair hasn't been subject to out of control inflation else where would our good friend sleep? 

Under a rock?

[ionel]

2 hours ago, Offthemat said:

Under a rock?

probably

[JimmySpeaks]

Good thing RV has a sugar momma 

[red viking]

3 hours ago, Offthemat said:

Dollars stashed under the mattress get hit the hardest when that happens. 

Only about 6% cash total I think. It is set aside for another investment in a few months. Definitely not stocks though. 

Edited July 10 by red viking

[Gene Mills Fan]

9 hours ago, red viking said:

Only about 6% cash total I think. It is set aside for another investment in a few months. Definitely not stocks though. 

Horsehair? Hurry before the tariff on the cheval canadien

[ionel]

It burned again today correct? 

[red viking]

35 minutes ago, ionel said:

It burned again today correct? 

Dollar is burned. Down how far since inauguration? More than 10% in 6 months. That's a burn in my book. 

Now, let's do simple math. If dollars are worth less then that will prop up stock market in terms of that specific currency. But value the stocks by other currencies and its crap. 

Plus, Trump caved on his tariffs anyway. 

[ionel]

Been traveling today.  Is it true the market tanked to a new record today.

[Paul158]

2 minutes ago, ionel said:

Been traveling today.  Is it true the market tanked to a new record today.

It's really bad. People are jumping out of there 5th story windows on wall street and across the country. Just go straight to the corner bar and order a double shot.

[ionel]

1 hour ago, Paul158 said:

It's really bad. People are jumping out of there 5th story windows on wall street and across the country. Just go straight to the corner bar and order a double shot.

I'm staying in a basement room right now ... tried to jump but failed just like a red viking.  

[jross]

What is the company you would buy now?

My old company used to buy other products and that was a good starting point for investment considerations (like jfrog).  My new company builds all their own products… 

Maybe United Healthcare to catch the rebound?  I don’t think it is at the bottom yet I do expect it to go up considerably over time.  

Cosmetics will rebound on a longer horizon.

I closed out of Advanced Auto Parts and Southwest Airlines last week.  I am closing out of ATT and may cut some SOFI because it is the main horse I ride.

SOFI seems expensive now but they keep making money, their money is making money, and it will continue to grow rapidly for years to come.  

I like the good companies with beaten down prices like Nike recently.  I have a hard time buying tech when it is already at highs.  I work in tech and it blinds me… the layoffs, etc…  

Intel… seems like that company will keep getting beat up.  Western Union is dying.

Sofi allows buying equity in private companies like space x.  May go that route.

Crypto feels like gambling so no to that.

Tesla is high and will go higher over time.  Just not sure if it will pullback bigly first.

Holding timeframe is months to years.

[red viking]

Silver and gold have been fantastic investments, due to people losing faith in the plummeting dollar. Those have been incredible investments for me. 

[JimmySpeaks]

There is no single currency capable of taking over for the American Dollar 

[jross]

Gold has outperformed over the past year and underperformed over the last five years.  Holding gold longer in this market is a good idea.

Last 5 Years

• S&P500 - 114%
• Gold - 40%

Last 1 Years

• S&P500 - 18.6%
• Gold - 41.8%

Year To Date

• S&P500 - 9.4%
• Gold - 25.9%

[red viking]

2 minutes ago, jross said:

Gold has outperformed over the past year and underperformed over the last five years.  Holding gold longer in this market is a good idea.

Last 5 Years

• S&P500 - 114%
• Gold - 40%

Last 1 Years

• S&P500 - 18.6%
• Gold - 41.8%

Year To Date

• S&P500 - 9.4%
• Gold - 25.9%

Yes, since Trumptard is making the dollar trash.