Dow tumbles toward record 3-day streak of 500-point declines

That retirement is gonna have to wait, especially with our rampant inflation.

 

This shit is great and when market crashes is when you buy. Just picked up a few eth coins on the cheap to hold.

 

You must hate your parents and all older people. A market crash in NOT great. My 403B took a huge hit, and at my age it is not like I can start a new career. WE have extraordinary inflation hitting us on one end ($6 for a gallon of gas and a box of cereal) and now have much much less money. I take it that Biden or Pelosi is giving you a real around

 

reach around

 

watch

 

So do you think Warren buffet has a 403b ? How about any other self made person? Just because you decided to be a civil servant and take summer off has no barring on smart sound financial strategies. Can't imagine what you were teaching not having a understanding of taking advantage of a down market.

 

I think your are missing the servant in civil. I always had to work summers, but I am lucky that I do not rely solely on my 403b or 401 K. Many people are not so fortunate. But I am not the issue, as I tend to think beyond my self interest and try and be a decent person. The issue is that our economy is being destroyed. 99% of people have to work for a living struggling to meet their day to day expenses. A collapse in share prices has the potential to cause widespread economic disruption. It is great that you are in a situation where you can make money speculating without having to do any actual work or contribute anything tangible to society, but it is bad for everyone else. A collapsing stock market is bad. Inflation is bad. It is not just civil servants being hurt.

Oh and I am surprised that sadd did not grammar Nazi your replacing bearing with barring. He was probably busy talking shit about respected member's dogs.

 

Bud you literally have absolutely no idea what you are posting. For a fella who talks about the " left" and has no understanding of conservative and capitalism. The irony is very strong not actually sure you really have a grasp between left/right. Not a slight on you because catchy names are a thing now. But I'm the asshole that's telling you to go buy some eth coin and secure a bag lol

 

Do you have anything of substance to back your claim that market crashes are a good thing, or is all you have a personal attack? You started well, but need to back up your position.

Do I need to give you a tutorial on "The Wealth of Nations" and explain how markets work (or fail)? What, exactly, about capitalism do I not understand? Your position is that market crashes are good. Please provide support. Nearly half the time we have large dips in the market it sets off a recession, especially when coupled with double digit inflation. Please tell me how that is good for the economy "Mr Keynes". Even your writing is semi illiterate. Try harder, you are only embarrassing yourself.

 

Whoever does not steal or inherit will work until he dies.

 

You should probably be re reading what you post before hitting post lol
However definitely give you real world examples. 2008 market crashes bought my dream home for a fraction of what it was actually worth. 2015 started buying equipment for business same in 2018 and will do the same thing once we have a other crash. Pretty simple concept buy low sell high. You make money when folks are scared.

 

OK...you had to get your little dig in, but you did provide something we can work with.

So, your thesis is that market crashes create opportunities for savvy investors to make profits. That is true. I have done the same in regards to real estate, dumped my CA property in 2007 (had been wanting to get out of that socialist Anti Liberty state where the streets are covered in human excrement) for a long time. Bought 2 houses in freedom loving Texas. Those houses (well, I only have one at present) doubled in value.

So yes, market crashes (whether stock or housing) create opportunities. But I still stick by my claim that they do much, much more harm than good. Hard working honest people who are not skilled at exploiting economic downturns are hurt, and IMO that far outweighs the benefits of speculators making profit. So while I laud you for doing a better job of staying on topic, I still reject your central argument and hold to my position that the current downturn is good for people.

This is especially true when we factor in the insane amount of inflation.

 

Inflation normal recession normal. Consumer credit debt not normal. Fed 0.75 points today expected and no surprise. So guess what that means folks are going to take advantage and grow their money in these " bad times" because this is what successful people do. Personal feelings have nothing to do with how to operate in this world. Did I feel bad for the dipshit who built a house they couldn't afford and lost it to the bank in 2008 fuck no and won't feel bad for the next one.

 

OK...your argument that we should not feel bad for people that make mistakes is not without reason. That is a defensible position (I might not agree, but not outrageous). And yes, market cycles are normal. But these current cycles are not normal, they are created by bad policy.

If it was only a drop in the market, OK. But when it is a double whammy of a market drop, combined with massive inflation that was created expressly by irresponsible policy makers, then no, that is not OK. The Democrats irresponsibly pumped a ton of money into an already overheated market, which cause inflation, and jacked up the already out of control deficit. Total BS, since they did it just to buy votes. When we step back and look at the totality of this insanity, then the market drop breaks the camels back.

 

One's death is another's bread.

 

Who's the "respected members" dog I shot talked faggot?

 

Shit*

 

You called me faggot. We need to meet up and settle this face to face. I'll give you my address and pay your flight out to meet me. There is a dojo down the street from my house where we can settle this face to face. Sign the waiver and promise not to sue after I am done with you. You are used to running you mouth against people because you will never meet them. We need to meet.

 

We went round and round on this on another thread where you disrespected me and called me every name in the book. I told you that doing so was cowardly behavior and in my world if you do so it required being a man and ceasing hiding behind you keyboard. I thought the matter was settled and you wold comport yourself like a man with honer. Apparently you did not get the message. Now we need to meet face to face and settle this. We can agree on some rules (biting, eye gouging, that sort of thing) or no rules. I am good either way and I have done this before. I am just a frail old man so you should accept my challenge publicly.