I am losing all my $$$ in market !!!

Discussion in 'Economics & Trade' started by Quasar44, Mar 17, 2020.

  1. btthegreat

    btthegreat Well-Known Member

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    I don't think this will be a recession. It will be a depression. Worldwide markets are being squashed, and developing an economy that can handle these kinds of disruptions, sufficient that confidence will be restored is going to take a long time. These viruses will come every year and they will mutate faster than we can immunize. We are changing habits that will become the new cultural standard and that means big trouble for the tourist industry, sports, theaters, fairs, concerts. It means retooling manufacturing plants and service industries so that 'social distancing' is part of the structural dynamic. that's going to take a lot of time. Just telling everyone to work at home or stay six feet apart or wear a mask is not going to cut it. We will lose jobs if people stay home, get taught at home, get churched at home, eat at home, get their hair done at home, buy clothes and food online etc.
     
    Last edited: Apr 4, 2020
  2. Reiver

    Reiver Well-Known Member

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    My stance is simple. If you're writing about your financial investments, when people are dying, then you have no perspective.
     
  3. Oh Yeah

    Oh Yeah Well-Known Member Donor

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    44 years old and over $700,000. Ummmm. Almost more money than I've seen in my whole life. Hope you learn that it's not the money that is important. Friend of mine Hobo Ken told me " Could be the reason you don't have much is because you were a poor manager of what was given to you". He didn't say GOD but I knew what he meant. Another friend Pudgy Whitehurst wasn't so kind, he told me, " Bash, your a dumb a**". I just couldn't convince him I wasn't a Democrat. If your only down 10 % your doing better than most and you might consider just holding on. I never had much money but I ain't complaining I had 4 wives, 5 kids and 10 step- kids, lots of good memories. Done most everything on my bucket list and have a ton of stories from experiences, people I.ve met, and places I've been.
     
  4. Oh Yeah

    Oh Yeah Well-Known Member Donor

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    The only way these things end is normal building immunity to them or vaccine. Pray for the later.
     
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  5. Reiver

    Reiver Well-Known Member

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    Actually the only way these things end is if neoliberal selfishness ends. This very thread is an example of how unlikely that will be.
     
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  6. Seth Bullock

    Seth Bullock Well-Known Member Donor

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    Being 44 years old, you should stop worrying. When the virus is defeated, your stock values will rise back up. If your income has not been disrupted by the virus, you should keep investing just like you have been because your monthly investment will buy more stocks while the market is down than it would if the market was up where it was. And then when the market does recover, your stock portfolio will be more valuable than it would have been. Whatever you do, don't panic and DON'T SELL.
     
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  7. FreshAir

    FreshAir Well-Known Member Past Donor

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    Trump thinks you are, anyone making over 75k a year he thinks is rich and should not get a stimulus check

    if you had a million in the bank as you said, you are not doing bad though, better than most Americans - unless society crashes totally, we will survive this

    they need to raise the min wage, some people really do need help
     
    Last edited: Apr 4, 2020
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  8. FreshAir

    FreshAir Well-Known Member Past Donor

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    maybe airlines will be forced to go back to old plane designs rather then pack people in like sardines
     
    Last edited: Apr 4, 2020
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  9. FreshAir

    FreshAir Well-Known Member Past Donor

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    sure they do, but complaining online that one's million dollars is only worth 900k now is probably not gonna garner much sympathy at a time like this

    so many live paycheck to paycheck, are unable to work, those are the ones really hurting
     
    Last edited: Apr 4, 2020
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  10. Oh Yeah

    Oh Yeah Well-Known Member Donor

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    Maybe they can bring back stewardess that looked like God had picked them out of heaven had put them on the plane himself. Maybe they can go back to offering something decent to eat. Maybe they can go back and be friendly and helpful.
     
  11. FreshAir

    FreshAir Well-Known Member Past Donor

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    they banned smoking when people demanded it, got away with it, then realized they could do anything they wanted even if people did not like it, they now charge for your luggage, crazy

    if people refuse to travel, they will get what they want, if they keep traveling, they wont

    smoking was an extreme example, but if smokers had all stopped traveling, they would have offered both smoking and non-smoking flights
     
    Last edited: Apr 4, 2020
  12. roorooroo

    roorooroo Well-Known Member Past Donor

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    Individuals need to think about and discuss their futures regardless of the current situation. I suppose the alternative is that we could all just become wards of the state in our old age.

    If I was to go back and research your posting history over the past two months, would I find that you have posted nothing but corona-virus-death related thoughts?
     
  13. roorooroo

    roorooroo Well-Known Member Past Donor

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    Not to worry, someone is going to have to foot the bill for the stimulus. Short term capital gains taxes are considerable. So rejoice! Be happy there are those concerned with their finances, because they will be "givers," and because without them, the takers would have nothing to take.

    Edit to add: Oh crap... I just realized this is a huge opening for someone to fill the thread with MMT theory hocus pocus. Damn-it!
     
    Last edited: Apr 4, 2020
  14. FreshAir

    FreshAir Well-Known Member Past Donor

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    the fed will print more money, inflation will happen, the reality is, the economy has been on life support the entire Trump presidency, and now it's in critical condition

    our economy can not survive with the excessive foreign outsourcing and foreign imports the corps are currently pushing on us
     
    Last edited: Apr 4, 2020
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  15. roorooroo

    roorooroo Well-Known Member Past Donor

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    Hyper-inflation is a sure way to solve wealth inequality, no doubt. Old people who have worked hard and been frugal will be taking a huge hit on the funds they were hoping to see them through retirement. So, since these funds will be reduced through inflation, it makes it doubly important for those people to be concerned about their savings. It may even be wise to try to increase the amount of those funds.
     
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  16. FreshAir

    FreshAir Well-Known Member Past Donor

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    agree, this is why tax cuts for the rich since Bush has harmed the elderly in this country, time to raise the taxes on the rich back to what they were under Reagan

    though it may be too late
     
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  17. FreshAir

    FreshAir Well-Known Member Past Donor

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    I been seeing that the government is also cracking down on van lifers and rv'rs, many elderly take up this life when they retire, now the government wants to outlaw this cheap retirement life

    and during this crisis, they have closed national parks where they stayed for free - these people have no homes, they are more isolated than most - sometimes the government makes no sense

    one state even tired to close all rest areas... but luckily truckers put a stop to that - the government claimed it was because they ran out of toilet paper

    "Coronavirus reaction: After truckers balk and PennDOT eases rest stop closings, Pa. Turnpike will reopen service areas"

    https://www.inquirer.com/health/coronavirus/penndot-trucks-cornoavirus-rest-stop-ban-20200318.html

    "“We went ballistic about those rest stops,” Sid Brown, chief executive of Camden-based NFI, which employs 14,000 drivers, contractors and warehouse workers at its national network of truck terminals, told me. “We and the Pennsylvania Motor Truck Association” and its national affiliate, the American Trucking Association, “got ahold of the politicians” and forced a reversal, he said. “You gotta make sure the guys can go to the bathroom and take a break.”"
     
    Last edited: Apr 4, 2020
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  18. Reiver

    Reiver Well-Known Member

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    A society that is prepared to blubber about finance in a time of death is not fit for purpose. An individual that doesn't acknowledge that should only yield contempt.
     
  19. roorooroo

    roorooroo Well-Known Member Past Donor

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    What about blubbering about music? Or hobbies? Or a person's occupation? Can we talk about the weather? Would those things be acceptable? I'm just asking you to let the forum know what is acceptable so we won't cross any unwritten bounds. It would certainly help if you would give us a list of acceptable discussion topics - the morally poor need help.
     
  20. Reiver

    Reiver Well-Known Member

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    Life goes on. But of course there is something quite different here. We are talking about financial gain during a period of crisis. Indeed, it is arguably finance capitalism that delivered the sh*storm of psychotic buffoonery that will maximise the death toll in the UK and the US. But hey, folk wont learn. They can continue to suck on their investment pacifiers as the body bags stack.
     
  21. Derideo_Te

    Derideo_Te Well-Known Member

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    There is a point where the virus "burns out" and unless it mutates things can begin to improve.

    The question is still the timeline. We are nowhere near the worst of it. My estimate of Labor Day is now looking like a Best Case scenario. Once we see the IMHE model we could have a better idea of when this will be over.
     
  22. Derideo_Te

    Derideo_Te Well-Known Member

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    In which case you have nothing to worry about. The market will recover long before you have to retire.
     
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  23. Derideo_Te

    Derideo_Te Well-Known Member

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    People are having virtual meetings now and the accountants are going to make the case that it is cheaper than flying and hotel costs. That means that business travel is going to take a hit and that will leave vacation travel as the primary income for the airlines. The tourism business is going to be slow to restart because of health restrictions so that too will be a hit to airline incomes.

    So if they do want to entice people back into the air that will mean offering business class seats at cut rate coach prices.
     
  24. Oh Yeah

    Oh Yeah Well-Known Member Donor

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    You might be onto something there. Last year when I went to Vegas we stopped at a couple of the local's favorites and they had gone back to smoking. I quit about 15 years ago and it was one of the toughest things I ever had to do. I understand the smokers wanting there places, but for me, they are welcome too them. I get around smoke now and it almost brings me to my knees.
     
  25. Oh Yeah

    Oh Yeah Well-Known Member Donor

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    A person with less than 5% likes compared to messages sort of tells me not many agree with your philosophy about things. Then again, maybe, you just enjoy being the devils advocate. Personally I enjoy a counter perspective on things. I'll be furtively following your posts and opinions when I come across them. Stay safe.
     
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