Became a Dynasty Defender: Dec 24, 2008 12:00:13 GMT -5
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Post by Streeter on Aug 14, 2019 21:11:06 GMT -5
I cant think close to a 900 point fall is due to Chinas unrest. Might be just a correction n it happens but that's a big 1 day downfall. I got 80% of my money in the market like many people ...... right now starting to think I might try and go safer routes if this continues rest of week. Hopefully it's just a blip and today was worst of it.
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Became a Dynasty Defender: Jun 3, 2002 11:49:19 GMT -5
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Post by ruppsrunt on Aug 14, 2019 21:21:59 GMT -5
BUY gold---
rr
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Became a Dynasty Defender: Dec 24, 2008 12:00:13 GMT -5
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Post by Streeter on Aug 15, 2019 6:51:28 GMT -5
gold is only good to have if the market bottoms otherwise ur better off with ur money in a savings account..... but ifcthe 800 some drop yesterday happens today their will be a panic sell off and then yeah gold will be a premium.
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Became a Dynasty Defender: Jan 17, 2006 13:57:55 GMT -5
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Post by littleblue on Aug 15, 2019 9:48:47 GMT -5
BE AFRAID... of bonds. That's the real bubble!
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Became a Dynasty Defender: Dec 24, 2008 12:00:13 GMT -5
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Post by Streeter on Aug 15, 2019 12:17:50 GMT -5
BE AFRAID... of bonds. That's the real bubble! Welp intrest being better on 2 year than 5 year is a tell tale sign of a recession looming ...... hoping it isn't the case. Right now things not looking great....... which is bad for Trump as well as in a bear market Trump will struggle in 2020
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Became a Dynasty Defender: Apr 22, 2002 6:40:17 GMT -5
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Post by Riley on Aug 15, 2019 12:28:03 GMT -5
...in all this including the tariffs against China. come election time i'm worried about the farmers/soybeans farmers in the Midwest not voting for Trump....free borders, college, food and etc be dammed when/if libs win 2020.....they will cut off their noses to spite their face.....much like most liberal voters....
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Became a Dynasty Defender: Dec 24, 2008 12:00:13 GMT -5
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Post by Streeter on Aug 15, 2019 13:28:42 GMT -5
...in all this including the tariffs against China. come election time i'm worried about the farmers/soybeans farmers in the Midwest not voting for Trump....free borders, college, food and etc be dammed when/if libs win 2020.....they will cut off their noses to spite their face.....much like most liberal voters.... Election will be won or lost in Ohio Michigan Wisconsin Florida Penn n Colorado. I dont think Trump would lose the heartland states regardless unless all out recession looms then Trump is gone. As of now as long as the economy is reasonable Trump wins. Can change
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Became a Dynasty Defender: Dec 24, 2008 12:00:13 GMT -5
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Post by Streeter on Aug 15, 2019 18:50:13 GMT -5
No blood today which is good ....... but no bounce back either - I was hoping for at least a 2-300 point bounce back. We shall see in the coming few weeks if we start gaining again or at least don't have another 100 or more point daily fall.
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Became a Dynasty Defender: Jan 9, 2006 11:37:14 GMT -5
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Post by houstoncat on Aug 16, 2019 20:40:44 GMT -5
Chill folks it started to come back. This is a computer thing and it sells off at certain keys like the interest inversion. My guess is the big dogs let it happen and the buy back in to increase porfolios. We have the only strong economy in the world capitilism works if you leave it alone but we have folks in power and wanting to change us . They would be thrilled if we hoojked up with the european union and carried their asses too
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Became a Dynasty Defender: Sept 8, 2001 20:59:02 GMT -5
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Post by Katman on Aug 18, 2019 9:34:41 GMT -5
Gold is REAL money. Our dollar will again be backed by gold. All the investments I am making into the storage business relates to gathering gold and I only take gold as payment from my business partner. Cash goes DOWN in value. Gold is the key to our new economy sometime after 2020. When the Federal reserve is audited, it will show the ponzi scheme that it is. Total financial enslavement of the masses by creating a paper economy since 1971. Convincing people a debt based economy was good is beyond evil. Yes, Gold will ALWAYS have value and as much money as the Federal Reserve has been printing over the decades you can probably imagine the auctual price of gold is very likely 10K+ in relation to actual paper money value in 2019.
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Became a Dynasty Defender: Dec 24, 2008 12:00:13 GMT -5
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Post by Streeter on Aug 18, 2019 22:54:33 GMT -5
Not saying the gold Standard would be bad or good as there is pros n cons each way. I am saying it's impossible to go BACK. Time to of gone back ended in the 70s or maybe as far back as the 30s. Therea maybe 10% of gold in the country to cover just the us dollars in circulation (not even counting everything else) n tbats only if u believe we have the amount of gold were told we have at Fort Knox n the reserve which the real number is likely far less.
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Became a Dynasty Defender: Sept 8, 2001 20:59:02 GMT -5
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Post by Katman on Aug 19, 2019 6:48:57 GMT -5
Not saying the gold Standard would be bad or good as there is pros n cons each way. I am saying it's impossible to go BACK. Time to of gone back ended in the 70s or maybe as far back as the 30s. Therea maybe 10% of gold in the country to cover just the us dollars in circulation (not even counting everything else) n tbats only if u believe we have the amount of gold were told we have at Fort Knox n the reserve which the real number is likely far less. Time to go back ended in the 70's? It actually STARTED in 1971. Gold is extremely undervalued in relation to the dollar. Its actual value may be over 10K
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Became a Dynasty Defender: Sept 8, 2001 20:59:02 GMT -5
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Post by Katman on Aug 19, 2019 7:02:17 GMT -5
gold is only good to have if the market bottoms otherwise ur better off with ur money in a savings account..... but ifcthe 800 some drop yesterday happens today their will be a panic sell off and then yeah gold will be a premium. Money is only paper used as a petrol dollar. Gold is real, always has been, always will be.
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Became a Dynasty Defender: Dec 24, 2008 12:00:13 GMT -5
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Post by Streeter on Aug 19, 2019 8:14:16 GMT -5
Not saying the gold Standard would be bad or good as there is pros n cons each way. I am saying it's impossible to go BACK. Time to of gone back ended in the 70s or maybe as far back as the 30s. Therea maybe 10% of gold in the country to cover just the us dollars in circulation (not even counting everything else) n tbats only if u believe we have the amount of gold were told we have at Fort Knox n the reserve which the real number is likely far less. Time to go back ended in the 70's? It actually STARTED in 1971. Gold is extremely undervalued in relation to the dollar. Its actual value may be over 10K it began under FDR in the 30s and made official/final under Nixon in 71. GS has pluses n minuses. Regardless of what ever Q site u n your cult project saying how its easy...... is happening behind scenes or whatever non sense . It virtually impossible unless we reduce are economy to ashes a start over. We are married to the fiat system an no going back.
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Became a Dynasty Defender: Jan 9, 2006 11:37:14 GMT -5
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Post by houstoncat on Aug 19, 2019 9:22:36 GMT -5
Balance the portfolio Streeter, of course your not near retirement like I am but my plans ease investments into less volatile stocks, bonds, funds, etc. I'm probably more worried about SS and Medicare then I am about retirement funds I've a bit of control over. Medicare and the way its run is frikkin' insane, give you an example:
Humira a great biologic used for and very effective for immune deficiency treatment is a Tier 5 medicine. Now under my very excellent work insurance, I can get the medicine for 75-200 dollars which while high is manageable and with a humira card it drops to 5 dollars a month. Even that crap doesn't make sense to me, however when you go on medicare you can't use that card anymore and the deductible is 30% or about 1200 a month for that medicine. That aint affordable even with a good retirement. further they won't send you the damn pens to give yourself the medicine...now come to find out from one of the 12,000,000 or so supplemental plans out there that if you have to take that medicine, you go to your doc once a month he gives you the shot, they bill medicare, and it costs you nothing. Again that's insane. Hell you have to go to the Doc to get a shot he scripts to you when you can get it via mail from the specialty pharmacy. Bear this in mind, you probably have the same insurance, you probably would get the medicine from the same provider, only difference is your retired so they do funky things with the payment, deductible etc. This is just one example. Now let me be clear, the developers of these medicines spend big buck on research and in theory at least have 10 or so years before patents run out..they tweak the medicines to extend that some. Biologics are a different animal because they are costly to produce correctly, I'm not sure we need to be trying to match the European model cost wise, folks we have the best med system in the world period, everyone goes on medicare and watch the health of this country decline quickly, folks that can be help won't be because medicare will say its not necessary or give you stop gap poor symptom treatment without access to potential cures. Use of opioids will increase IMO as people will be denied surgery or treatment because of age, that ain't progress that's thinning the population close to Fabian Socialism where you have to prove your worth to society or be rejected from the system and cast aside.
Off subject I know, but the more research I do in this the more I see how ineffectual our government really is and the constant stupid decisions they let incompetent government lackey's make, we do not live in a elitist society, sure there are many very rich people but there is opportunity for all and freedom to express views. What the idiots want to do is make it a royal/suf society a true ruling class that pits the surfs against one another. I really don't see how so many folks can be swayed. Hell these folks are praying for a recession, as I said some of the loss last week is a result of computer sell offs at an arbitrary point that is you got it interest rates controlled by the FED. What happened last week is peeps sold off, then bought back in when rates dropped, one reason why we saw some relatively quick rebound.
Sorry just a seasoned cynic gripping. Get a good advisor, balance your 401K funds and other retirements, make sure that the various funds are too top loaded with the same investments (that's a big mistake)put some cash back, maybe buy a bit of gold and silver, pay attention to your portfolio ask questions of your advisor if you have one, try to be prudent in your spending and I know that's difficult for some of our young and middle age folks who are trying to get kids through school and pay off homes etc.
Most of all, see if we can vote in some people who actually want to do some good, by definition with politicians that's a stretch but there are good folk out there. Oh and before I quit this rant, be directly involved in your children's and grandchildren's school, demand results of the boards and teachers, demand they quit indoctrinating and simply teach our prospects might look a bit better if 90% of the population could actually think critically, read and interpret on their own, and add 2+2 w/0 a frikkin' HP calculator.
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