Why? If you start investing at age 20 with globally diversified index investing, you shouldn't go to bonds until you're about to retire, maybe after that. If you start at age 20 and max your Roth and put in 10% into your 401k and make an average annualized return of 12%, you should have so much money at retirement that bear markets don't matter. You could easily have 15 million by the time you're 60. So fucking what if your money is only worth 5 million during a bear market? If you stick with stocks, it'll rebound within a few years. You still have plenty of money.
I don't see the necessity of switching to bonds unless your money would be tight in a bear market. But if we are talking about making the right moves at such an early age, you'd have to be terribly unlucky to mess it up.
9800.
I say good. We need this drop. We've been postponing the pain for far too long. Let it happen. Let the market correct. Let people who couldn't afford houses lose them. Let businesses who shouldn't be in business go bankrupt. Lets have a fresh start.
I say good. We need this drop. We've been postponing the pain for far too long. Let it happen. Let the market correct. Let people who couldn't afford houses lose them. Let businesses who shouldn't be in business go bankrupt. Lets have a fresh start.
The Fed will do nothing. It's not their care to do anything at this juncture. This is the best thing to happen to America in a while as we've needed an alarm clock with a bat attached to it for a while.
Time to throw big government and socialism in the street.
Time to throw big government and socialism in the street.
blackangst1
Lifer
- Feb 23, 2005
- 22,902
- 2,359
- 126
blackangst1
Lifer
- Feb 23, 2005
- 22,902
- 2,359
- 126
- Sep 26, 2000
- 28,559
- 4
- 0
Actually, despite a huge cut by the Fed and some good earnings news the market still closed down the day after a huge loss. And it closed below 12,000 which may indicate a new perceived ceiling.
And the reason people are afraid of, or actually expecting, a huge meltdown is the insane economic policies followed by the Republcians and Bush over the last 6 years.
Smart people know the neo-con plan was to foment an economic crisis.
And most smart people are expecting one.
CADsortaGUY
Lifer
Wrong. The "meltdown" was hype - not longterm policy. Sheesh. I swear some of you purposely don't have a clue.
I don't watch that clown's show, but last I heard of his opinions he was bullish and saying that tech is haven during these times.
How come he flip-flopped?
Let go of the paranoia -- seriously.
From what I gather this problem started due to deregulation of the credit system over the past quarter century, with securatization increasing the number of times that money can be lent. Couple that with low rates and shady schemes, and you're asking for trouble.
Well, now we have trouble.
By the way, shouldn't we be looking at the S&P 500 instead of the Dow Jones -- you can hardly assess the health of the economy with a handful of companies.
WhipperSnapper
Lifer
- Oct 30, 2004
- 11,442
- 32
- 91
Since we sent our manufacturing base to other countries as well as many knowledge-based college-education-requiring jobs (ie, computer programming, patent law work, financial analysis, etc.) I don't see any reason why the Dow shouldn't fall below 10,000 points eventually. This is not merely another run-of-the-mill recession. This is global labor arbitrage. It's a very different phenomena. Why should the Dow stay over 10,000 points when the nation has given up its willingness and ability to produce wealth? Why would it stay at over 10,000 points when the wealthy are waging a war on the middle and lower classes? Who's going to buy the goods and services that maintain the values of American companies.
I won't be at all surprised if it ends up below 10,000 points before the country changes course if it isn't already too late. Right now we have tens of millions of illegal aliens sucking up government social welfare funds, we have tens of millions of Americans who are poor, we have mass legal immigration, and we have a third world rate of population explosion.
It's very conceivable that by 2050 the U.S. will be an overpopulated, impoverished third world nation ala India. We're currently on track to have a population of about 450 million by 2050, which means less land per capita and fewer resources (less wealth) per capita.
WhipperSnapper
Lifer
- Oct 30, 2004
- 11,442
- 32
- 91
Originally posted by: alchemize
I just want a 5% 30 year fixed. However low it takes for that
I guess I'd like to see housing prices return to reality too, but at the same time, what good is 5% fixed for 30 years if you no longer have a job or at least no longer have a job that pays much better than minimum wage?
most likely he was shorting and wanted you to buy shares; hence "bullish" and then scare everyone to sell so he could make a profit. Search youtube and you find out what scum he is--I wouldn't put this past him.
So the jump just after the rate cuts is just a pop ( aka " sucker rally " , " dead cat rally " ) ? It seems to to me that rate cuts alone may temporarily get things moving but just creates other longer term problems ( maybe even postpone a worse recession or even "d-word") .
To sum it up, we have a big problem - trade deficit +domestic deficit spending+ reliance on foreign energy+the cost of the war in IRAQ
To sum it up, we have a big problem - trade deficit +domestic deficit spending+ reliance on foreign energy+the cost of the war in IRAQ
The Dow will close below 10000 by the end of February, and below 7500 by the summer.
You heard it here first.
You heard it here first.
Assuming losses by banks of 200 Billion or more that need to be written
Asuming the 10 to 1 rule that means that there will be 2 trillion dollars of credit not available to the market.
Assuming congress and the White house dish out 100 billion in "stimulas". The nations tax receits will dip even lower creating more deficits, causing congress to increase the nation credit line and de-valuing the curancy even more.
The Dow will decrease and will be at 10350 by the end of Feb and 9200 by the end of July.
the only thing that you can bet on increasing is the amount of investors and and bankers on Wall st that decide to eat a bullet
Asuming the 10 to 1 rule that means that there will be 2 trillion dollars of credit not available to the market.
Assuming congress and the White house dish out 100 billion in "stimulas". The nations tax receits will dip even lower creating more deficits, causing congress to increase the nation credit line and de-valuing the curancy even more.
The Dow will decrease and will be at 10350 by the end of Feb and 9200 by the end of July.
the only thing that you can bet on increasing is the amount of investors and and bankers on Wall st that decide to eat a bullet
- Sep 26, 2000
- 28,559
- 4
- 0
The economic stimulus package, along with all the other actions taken to stimulate the economy have not stopped the Dow's fall.
As of March 7th its at 11,912.
So basically we are now within 500 points of what the Dow low was in 1999 which was 11,497
By the summer, I think 10,000 is likely.
As of March 7th its at 11,912.
So basically we are now within 500 points of what the Dow low was in 1999 which was 11,497
By the summer, I think 10,000 is likely.
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