Stock Market… this isn’t good IMO

[ttown]

Premarket. Do I stay or do I go?. Should be interesting this week, got commodities? May buy a some PDBC, we’ll see.

 

[Cowbaby]

I pulled everything out a month ago and am not playing around any more until we get some competent management in the country besides Joe Biden/Harris. I was invested in all commodity stocks and I eased out over a period of about 3 weeks. Got out intact at a slight trading profit and only took a small percentage loss on 2. I had to do some fancy down trading to do that.
Right now it is just too bone crushing hard on the long side. A war with Russia that has a potential to go WW. An Imbecile for a President. Nose bleed gas prices and tightening interest rates into a possible recession. Any one of these things by itself is a potential stock market killer. But all at the same time?

No way. I'm done until things change or Biden is gone and I have been in the market in some capacity since. 1991

 

[SlugSlinger]

A bounce is expected before the second bottom and real crash. So I wouldn’t have any confidence in a jump in prices.

Looks like it’s in for another drip this morning.

And check out the year to date!

 

[GunSlingingPlatypus]

In 2008 my yearly return on my TSP was -9.54. Currently for this year my TSP is -17.59. Now someone tell me how the economy is doing well and inflation isn't "that bad". I can't afford to feed my kids and pay for gas to drive to and from work.

 

[GlockPride]

I pulled everything out a month ago and am not playing around any more until we get some competent management in the country besides Joe Biden/Harris. I was invested in all commodity stocks and I eased out over a period of about 3 weeks. Got out intact at a slight trading profit and only took a small percentage loss on 2. I had to do some fancy down trading to do that.
Right now it is just too bone crushing hard on the long side. A war with Russia that has a potential to go WW. An Imbecile for a President. Nose bleed gas prices and tightening interest rates into a possible recession. Any one of these things by itself is a potential stock market killer. But all at the same time?

No way. I'm done until things change or Biden is gone and I have been in the market in some capacity since. 1991

Can you help us understand why you would exit commodities? Those seem to be the one thing that might still make money and profit. For NOW. Wheat, corn, oil, nat gas all seem to be reaching for the stars at the moment.
And bonds. I’m sure people are rushing into bonds. They certainly aren’t fun or exciting, but I guess better to grab 2%, than down 17%.

 

[GunSlingingPlatypus]

 

[ttown]

We have the start of a rapidly rising 10 year, that will tank housing as interest rates rise, lord help you if you have huge credit card debt.

 

[SlugSlinger]

Can you help us understand why you would exit commodities? Those seem to be the one thing that might still make money and profit. For NOW. Wheat, corn, oil, nat gas all seem to be reaching for the stars at the moment.
And bonds. I’m sure people are rushing into bonds. They certainly aren’t fun or exciting, but I guess better to grab 2%, than down 17%.

Bonds have an inverse relationship with interest rates. Meaning when the rates increase, the bond prices decrease. If someone bought a bond today and rates increase, the price of the bond will drop, they would lose money of the sold the bond. And the rate the bond is paying would be locked in at the lower rate. It’s a lose lose proposition to buy bonds if interest rates are going to rise. And the Fed has told us they are raising rates, with 11 more expected over the next couple of years.

 

[perfor8]

Going "risk off" to an all cash position guarantees a loss of >8% per year if you believe the "official" numbers. Your rate of inflation is personal because the rate varies among sectors - so it really depends on where you spend money. Most outsiders doing their own math say the real average rate is closer to 15%.

 

[ttown]

Everyone is going into Crypto,right? Some claim Johnny come lately is the savior , we”ll see looks like entry points if you partake.