Imminent Stock Market Dump

[Roy14]

Yep, writing hot checks will never cover the bills.

I don't believe repenting and turning to superstition will have any effect on our economy - perhaps moving toward an austere and responsible budget, aimed at reigning in our debt, restoring to link of actual value to the dollar, and ceasing to finance deadbeats would.

I'll betcha a "have to struggle" to pay bills, keep a job, no extra cash for scratch-offs and fountain drinks may restore some sanity to this country. Hard to worry about preferred pronouns and gender re-assignment when your back's bent over and a shovel's wearing blisters on your hand. Just sayin'.

Speak for yourself, I’ll be filling the position of “artíst” in the NWO commune once myself and my comrades seize the means of production. No shovels or Gulags in my future!

 

[Roy14]

we can only hope

and take the FIRE economy with it.

I’ll put in a good word with the commune leader to set aside a house for ya, comrade

 

[joegrizzy]

I’ll put in a good word with the commune leader to set aside a house for ya, comrade

but there won't be any leaders.....

 

[Duncandl]

but there won't be any leaders.....

People eventually gravitate to some who then became their defacto and most time defective leadership.

Never fails…

 

[SlugSlinger]

If you want to learn something about fundamentals, you better put on your thinking cap:

 

[SlugSlinger]

JPMorgan posts surprisingly steep profit drop, halts stock buybacks​

Why you might ask?!? Potential loan loses!! Nothing is getting better and in fact are expected to get much worse!



JPMorgan Chase posted a surprisingly steep profit drop and said it is halting share buybacks and set aside $428 million for potential loan losses, signaling pessimism about the economy.

 

[chuter]

People eventually gravitate to some who then became their defacto and most time defective leadership.

Never fails…

Yep, just look at what happened in the Chaz.

 

[foghorn918]

True Sky Credit Union has a decent rate on a 14 moth CD for those wanting to park some cash. I think it is $1000 minimum

 

[Raido Free America]

I got some really good advice about 50 years ago from just an ordanary working guy, that had made a lot of money in the stock ,market! I have been retired for 20 years, since I was 56 years old, and we was totally dependant on investment income for the first seven years! His advice was, there are two things you must control while investing in the stock market, FEAR, AND GREED! INVEST WITH WELL KNOWN CREDABLE INVESTAMNT ORGNISATIONS, EDWARD JONES IS MY RECOMENDATION, FIND AN AGENT YOU CAN COMMUNICATE WITH, PAY THE FEE TO GET IN A MANNAGED ACCOUNT, WE;LL WORTH THE COST, THEN WATCH WHAT THEY DO CLOSELY, I KEEP TRACK OF OUR BALANCE WEEKLEY, JUST GOOD BUSINESS PRACTICES! GET RICH QUICK SCAMS, IS THE QUICKEST, WAY TO GO BROKE QUICK!

 

[John6185]

It’ll crash further. Everything will get more expensive. People will stop spending. Massive layoffs. Could get worse.

Could? Will get worse, we are going to see homes, cars, etc foreclosed on in record numbers. It is going to happen and you can bank on it! If you have cash, you will be able to buy properties relatively reasonable. The sad thing is that it doesn't need to happen, the situation is man-made and controllable up to a point but I am of the belief that we have passed the point thanks to Biden and his instructors.