Old Arkansawyer
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If China stops buying our paper, watch interest rates reach for the stratosphere.
Mean while, as we discuss S&W collecting, the stock market crashes
- Thread starter Cal44
- Start date
doublesharp
Member
I think there will be more volatility but USA is open for business and bad as our markets are they are still the best in the world.
ExcitableBoy
US Veteran
I haven't spotted any untethered base jumpers, yet. 
Just a blip on the radar. Sell-offs and profits... so, what's new?
A little bicarb will cure any temporary indigestion.
Just a blip on the radar. Sell-offs and profits... so, what's new?
A little bicarb will cure any temporary indigestion.
BigBill
Absent Comrade
No biggie been there many times. We’re investing at cheaper prices, we’re buying more for less. When it goes back up we will double our investment.
Stay invested don’t cash in. It’s a roller coaster ride.
Stay invested don’t cash in. It’s a roller coaster ride.
PlaytheAces
Member
I remember back in the seventies inflation was so bad the company I worked for (Fortune 100 outfit) implemented a supplement to our paychecks that was adjusted quarterly, over and above our base salary and any performance based raise we might receive. It was geared to the cost of living index and we wondered if in time it would actually exceed our salaries, given the rate of inflation at the time.
I also remember taking out a second mortgage in '82 to build a garage and do a bit of remodeling. My interest rate was 15%, a fairly decent rate at the time. Two years later I relocated and purchased a new home. As an incentive the builder gave me a 10 1/2% rate on the mortgage for the first 2 years, after which it went to 12 1/2% for the balance of the loan term. Different times back then.
As far as what's happening with the markets right now, that's the funny thing about bubbles. Sooner or later they tend to pop. Although I maintain a fairly conservative portfolio now, what few equities I had I dumped last summer. I'll jump back in when I feel things have stabilized and make more sense to me than they have the last couple of years.
They say a picture is worth 1,000 words, so here's 1,000 words worth:
The 70's and 80's were wild times. I was working at GM, and at the time, a major part of the wage was the cost of living allowance the Union had negotiated with GM. Although it was technically always 'behind the fact', it was certainly better than waiting 3 years for the contract to expire to play catch up. When the contract did expire, the current COLA (Cost Of Living Adjustment) was folded into worker's wages, which was important because many of their benefits were keyed off of hourly wages without the COLA included. Working from memory here, but I believe one contract year the COLA was over $3 an hour. That's a substantial amount of money, even by today's standards.
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keith44spl
Member
Couldn't have been much of a ripple.......
Didn't hear about any window jumpers....
Oh, BTW, while the Dow was a doing a correction,
I got a lead to the whereabouts of an almost NIB RM....
.
Didn't hear about any window jumpers....
Oh, BTW, while the Dow was a doing a correction,
I got a lead to the whereabouts of an almost NIB RM....
.
I made my own “correction” around 2003, and went well diversified. No more home runs for me, a bunch of singles are sufficient.
Helps to sleep better at night too.
Helps to sleep better at night too.
doublesharp
Member
Ford paying near 6%. That's a teaser.
I made my personal correction seven or so years after Mike did. Like Mike I traded a big pay off for a good nights sleep. Yet, on paper I lost a little more than $11,000.00 yesterday. I had one stock that had a large run up over the last three or four months, as they were involved with a new Bit-coin scheme. I had decided to sell when it dropped to $50.00 a share, why be greedy? Well I got out yesterday at a decent per share profit. Then used 60% of the income from that sale to purchase more IBM, which is not a very exciting stock or company but is stable and pays a nice dividend.
If you haven't sold, you haven't taken a loss. Relax.
China can't stop buying our paper. If they do we would have to stop buying their ****. The global economy is a vicious cycle.
I lost tens of thousands of dollars on paper.
I'm now a pathetic paper pauper.
I'm now a pathetic paper pauper.
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Fishslayer
US Veteran, Absent Comrade
Spent yesterday's chemo seesion kinda halfway watching the climb...
So... at the moment it's up 200+ for today but I got a chuckle out of a headline from the formerly respected source Reuters...
"Wall Street gains as volatility eases, Dow up over 200 points"
Volatility goes both ways, Hoss.
Or maybe swings of 200-300-400 aren't "volatility" anymore...
So... at the moment it's up 200+ for today but I got a chuckle out of a headline from the formerly respected source Reuters...
"Wall Street gains as volatility eases, Dow up over 200 points"
Volatility goes both ways, Hoss.
Or maybe swings of 200-300-400 aren't "volatility" anymore...
rog8732
US Veteran
I never quite understood how a market drop, (sell off) is considered a "bad" thing,... provided you are one of the sellers.
Doesn't a sharp sell-off just simply mean more folks than usual took their profit ?
But please, don't bother trying to explain it to me.
I learned a long time ago if I gave somebody my money cause he was smarter than me in knowing what to do with it; he was also smart enough to take it away from me.
Doesn't a sharp sell-off just simply mean more folks than usual took their profit ?
But please, don't bother trying to explain it to me.
I learned a long time ago if I gave somebody my money cause he was smarter than me in knowing what to do with it; he was also smart enough to take it away from me.
the ringo kid
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Im just above being broke anyway, so not effected here.
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