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stocks won't stay down long


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2022 May 17, 9:36am   849 views  10 comments

by clambo   ➕follow (2)   💰tip   ignore  

There's just too much money looking for a place to go for stocks to stay down for very long.

In Palm Beach there's a conference about "cryptocurrency" and tons of people are paying a $2500 admission fee.

A fool and his money.....

If people are spending that much for nothing, there's money in abundance.

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1   clambo   2022 May 17, 1:42pm  

Theoretically I agree that boomers would be spending down their investments.

But I’m one of them and I am not selling, except for the mutual fund I didn’t want to own anymore, New Asia Fund (T. Rowe Price)

Other boomers I know are still working or have pensions, and/or social security; my older brother does all 3.

I can be wrong and things may be going down indefinitely.
2   AmericanKulak   2022 May 17, 1:49pm  

HunterTits says
The Millennials will begin to enter their peak earning years after by the 2030s, then we'll be flooded with capital again.


LOL. Invest in Avocado Toast, Cereal Bars, and Meth Rehab.
3   stereotomy   2022 May 17, 2:35pm  

I can't wait for the millenials to get fat and have their arches collapse. Only then will I be able to squeeze into mainstream clothing and shoes again.

Fuck them and their skinny pants, shirts, shoes, suits.

I spent my 20's having to navigate boomer styles, only to find in my maturity that my generation had been bypassed, and that all the designers were aiming for the rail-thin youngins of the next generation.

Fortunately, I have a good enough wardrobe as it is. I just didn't expect to have to maintain what I already have into my retirement years. That's how long it will take for things to turn around.
4   BayArea   2022 May 17, 6:18pm  

In general I agree there’s way too much sideline money and wealth generated in recent years for any catastrophe.
5   TheSameAD   2022 May 17, 6:47pm  

Compared to the past like 1930's through the 1990s, a lot more people play the stock market and it is a lot easier to invest in directly, instead of relying on a financial planner or stock broker. Look at how easy it is to trade using an app like Schwab or Robinhood on your cell phone.

That is one major reason why we don't have prolonged downturn periods, besides the Federal Reserve monetary policies like quantitative easing (QE).

Another major reason is that the stock market is the path to retirement, as traditional pensions are no longer offered unless you work for the government or a major union like the Teamsters.
6   Ceffer   2022 May 17, 11:37pm  

I am predicting that the stock market is going up. I am also predicting that the stock market is going down. That way, I can't possibly be wrong.
7   stfu   2022 May 18, 4:51am  

"Markets can remain irrational longer than you can remain solvent"

- John Maynard Keynes
8   pudil   2022 May 18, 5:46am  

I’m still in the first stage, denial. I’ve been in this stage for my entire investing life, since 2006.

I take my retirement deduction out of my check every payday, auto invest it in some index funds, rebalance once a year, and don’t otherwise think about it.

Had worked great so far.
9   🎂 Tenpoundbass   2022 May 18, 5:49am  

clambo says
There's just too much money looking for a place to go for stocks to stay down for very long.


That's the major problem with stocks. The "Experts" have people convinced, that as long as fools are pumping money in the stock market then they are healthy.
Don't look at the ever growing class of people who can't afford to buy product from the very thing people are investing in. Without customers, how in the hell does stock rise?
FOOLS that's how!
10   FortwayeAsFuckJoeBiden   2022 May 18, 6:40am  

everything collapsing, so stocks following. this year nothing will be going up.

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