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Thread: Dow closes above 35,000 for the first time. God Bless President Biden.

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    Quote Originally Posted by Jarod View Post
    Like at the end of George W. Bush’s eight years?
    You would need to put some meat on them bones.
    The Failed Universities are rabid dogs which must be shot.<<<<<<<<<<<<<< Bret on Triggernometry Sep 17

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    Quote Originally Posted by Hawkeye10 View Post
    I have been all cash since OCT 16 and I dont regret it...I am putting a lot of money into this Oasis I have built for myself, the homestead, this place that I long ago decided to die in. I will not stay that way but I am not going back into the equity markets till after the crash, if at all.

    I am still thinking about gold, but next up is central AC.

    I have a friend who did the same thing the day Obama was inaugurated, he missed out on a lot of gains.
    4,487

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    Quote Originally Posted by Jarod View Post
    I have a friend who did the same thing the day Obama was inaugurated, he missed out on a lot of gains.
    I am near the end of life....I am enjoying my money....also getting ready for hyper inflation.
    The Failed Universities are rabid dogs which must be shot.<<<<<<<<<<<<<< Bret on Triggernometry Sep 17

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    Quote Originally Posted by Hawkeye10 View Post
    I am near the end of life....I am enjoying my money....also getting ready for hyper inflation.
    Glad you are enjoying it.
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    Quote Originally Posted by Jarod View Post
    Glad you are enjoying it.
    I am old enough and have paid attention enough to have heard first hand and remembered the stories of those who lived through the Great Depression. If you know the crash is coming the thing to do is fix up the homestead, and have enough socked away as safe as you can to pay the taxes so that you can keep it.

    Thank You
    The Failed Universities are rabid dogs which must be shot.<<<<<<<<<<<<<< Bret on Triggernometry Sep 17

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    There is a downturn coming down the pipe... I'd suggest folks prepare a bit, but folks seem to ready to congratulate themselves on making "easy money" and forget that this works in cycles.
    Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but rather we have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit.
    - -- Aristotle

    Believe nothing on the faith of traditions, even though they have been held in honor for many generations and in diverse places. Do not believe a thing because many people speak of it. Do not believe on the faith of the sages of the past. Do not believe what you yourself have imagined, persuading yourself that a God inspires you. Believe nothing on the sole authority of your masters and priests. After examination, believe what you yourself have tested and found to be reasonable, and conform your conduct thereto.
    - -- The Buddha

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    Quote Originally Posted by Hawkeye10 View Post
    I am old enough and have paid attention enough to have heard first hand and remembered the stories of those who lived through the Great Depression. If you know the crash is coming the thing to do is fix up the homestead, and have enough socked away as safe as you can to pay the taxes so that you can keep it.

    Thank You
    Are you aware of how long it took for the stock market to fully recover from the crash that happened at the start of the great depression?
    4,487

  8. The Following User Says Thank You to Jarod For This Post:

    ThatOwlWoman (07-23-2021)

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    Quote Originally Posted by Hawkeye10 View Post
    The popping of this bubble will be devastating.

    Buckle Up.
    We've been hearing that since Joe got the nomination.
    “She was not quite what you would call refined. She was not quite what you would call unrefined. She was the kind of person that keeps a parrot.” -- Mark Twain

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    And, if you've got the cash to invest in the stock market you made out. Otherwise you just get screwed by the overall inflation of the economy and rising prices. So, Joke is helping the rich and fucking the poor...

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    Quote Originally Posted by Jarod View Post
    Are you aware of how long it took for the stock market to fully recover from the crash that happened at the start of the great depression?
    Irrelevant....America is not coming back this time..China will insist..But I house I can enjoy.....I rarely leave anymore.

    Also, SARS-COV2 looks like it is going to stay, and kick our asses.
    The Failed Universities are rabid dogs which must be shot.<<<<<<<<<<<<<< Bret on Triggernometry Sep 17

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    Quote Originally Posted by Joe Capitalist View Post
    It’s been a turbulent week on Wall Street, starting with a massive selloff over worries about the Delta variant. But by Friday, stocks were back up and each index closed at at record highs.

    The Dow closed 0.7%, or 238 points, higher, finishing above 35,000 for the first time ever. The S&P and the Nasdaq both climbed 1%.

    On Monday, the market was deep in the red and the Dow (INDU) recorded its worst day since last October. The S&P 500 (SPX) and the Nasdaq Composite (COMP) logged their worst performances since May.

    Investors, fearful that rising Covid-19 cases and the more infectious Delta variant would stifle the economic recovery, retreated from stocks and fled to the relative safety of government bonds.

    “Although the variant has punctured the ‘vaccine euphoria’ that was prevalent in the market several months ago, investors seem convinced that economies will continue to open up gradually despite the new variant,” said Marshall Gittler, head of investment research at BDSwiss Group, in a note to clients.

    A preliminary reading of IHS Markit’s July purchasing managers’ index showed manufacturing at a record high for the data series, beating economists’ expectations.
    Yes! Let's all get on our knees and offer prayers of thanksgiving to Saint Joseph of Dementia!(well, excuse me from your false idol worship, but please, TELL US ALL WHAT HE FUCKING DID TO BRING ABOUT THIS MIRACLE!).


    Investors, fearful that rising Covid-19 cases and the more infectious Delta variant would stifle the economic recovery, retreated from stocks and fled to the relative safety of government bonds.
    Those investors must have been REALLY scared of the covid business, because they ran away for a WHOLE FUCKING DAY.
    “The Communist party must control the guns.”
    ― Mao Tse-tung



    “Those who vote decide nothing. Those who count the vote decide everything.”-Generally attributed to Uncle Joe Stalin



    “Everything under heaven is in utter choas; the situation is excellent.”
    ― mao tse-tung

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    Quote Originally Posted by Joe Capitalist View Post
    It’s been a turbulent week on Wall Street, starting with a massive selloff over worries about the Delta variant. But by Friday, stocks were back up and each index closed at at record highs.

    The Dow closed 0.7%, or 238 points, higher, finishing above 35,000 for the first time ever. The S&P and the Nasdaq both climbed 1%.

    On Monday, the market was deep in the red and the Dow (INDU) recorded its worst day since last October. The S&P 500 (SPX) and the Nasdaq Composite (COMP) logged their worst performances since May.

    Investors, fearful that rising Covid-19 cases and the more infectious Delta variant would stifle the economic recovery, retreated from stocks and fled to the relative safety of government bonds.

    “Although the variant has punctured the ‘vaccine euphoria’ that was prevalent in the market several months ago, investors seem convinced that economies will continue to open up gradually despite the new variant,” said Marshall Gittler, head of investment research at BDSwiss Group, in a note to clients.

    A preliminary reading of IHS Markit’s July purchasing managers’ index showed manufacturing at a record high for the data series, beating economists’ expectations.


    What's your take on whether he should reappoint Powell or not?

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    Quote Originally Posted by Jarod View Post
    They kept hoping for that during the eight years of Obama’s administration. We didn’t have a recession until Trump was president.
    And who did Trump blame for that? Obama? Hillary? Carter? Truman?
    The biggest waste of time is arguing with the fool and fanatic who doesn't care about truth or reality, but only the victory of his beliefs and illusions. Never waste time on discussions that make no sense. There are people who, for all the evidence presented to them, do not have the ability to understand. Others who are blinded by ego, hatred and resentment, and the only thing that they want is to be right even if they aren’t.

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    Quote Originally Posted by Hawkeye10 View Post
    Irrelevant....America is not coming back this time..China will insist..But I house I can enjoy.....I rarely leave anymore.

    Also, SARS-COV2 looks like it is going to stay, and kick our asses.
    I’m glad you chose to stay home.
    4,487

  16. #30 | Top
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    Quote Originally Posted by Joe Capitalist View Post
    And who did Trump blame for that? Obama? Hillary? Carter? Truman?
    He did not acknowledge it happened.
    4,487

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