Third Leg Down- History Repeating?

[Scarfinger]

I do not! LOL. I was up over 20% this year! Now, I will be negative after today (buy and hold sucks)

But, it's way to hard to catch the actual bottom. If you can get within 5-10% then your good. That last 5-10% moves really quick on the way BACK up.

We've been discussing capitulation this past week and I believe a bottom is near once we get through that. There is an argument about whether we are currently in that phase (I think the S fund is), but either way, buying in now (for long term) should be a good bet.

Remember, I lost over 20% since August.....

We're back above water today!

It felt good for a day!

From an article on what the 80's taught us:

First, because it had multiple, severe downturns, the Volcker era was disastrous for anyone who traded actively and bet wrong on the direction of the markets. Short-term trading in stocks, bonds and commodities is a hazardous game. It’s especially dangerous when the market’s currents are opaque and treacherously strong, as they were back then and may be now.

The Volcker era illustrates the problem emphatically. Over the long haul, investors did fine. Over short periods, their experience was maddening.

It may feel "maddening" now and recency bias may be setting in... just give it 10 years and everything should be ok. If not, give it another 5 more years?

Best of luck everyone!

[jimcasada]

Back above water today, again!

[jimcasada]

I switched back to G this morning on my real account, but I forgot to change it here until about 12:25am. I think we're allowed a little extra time here. Not sure if that's going to count for today or tomorrow?

[bloobs]

https://www.cnbc.com/2022/10/04/jim-cra ... weeks.html

Crap, Cramer and I seem to be of the same mind nowadays. Not good, I'll need to reassess now

[Tomanyiron]

US national debt now tops $31 trillion for the first time ever.
1- That boils down to more than $93,000 of debt for every person in the country.
2- Currently, more than $965 million is spent every day just in interest on the national debt.
3- The rising interest rates will only exacerbate the national debt, making it harder for the government to respond to a slowing economy.
3- Policies and programs brought in by the Biden Administration are expected to add trillions more over the next decade.
4- The national debt is the biggest threat to the American standard of living.
5- The coming catastrophe will be dumped at the feet of the next administration.

https://finance.yahoo.com/news/us-natio ... 00112.html

[Scarfinger]

I could be wrong but I feel like this is the narrative at the beginning of every administration.

[Aitrus]

Let's stay away from politics, guys. I know it's that time of year again, but let's keep the discussions focused on investing, retirement planning, etc.

[jimcasada]

The old saying is that there are 3 things you don't want to talk about: politics, religion and money. We're already making an exception here on the money thing. Isn't that enough?

[IRQVET]

Let's stay away from politics, guys. I know it's that time of year again, but let's keep the discussions focused on investing, retirement planning, etc.

It’s so hard though given the current climate.

[bloobs]

The old saying is that there are 3 things you don't want to talk about: politics, religion and money. We're already making an exception here on the money thing. Isn't that enough?

You forgot sex.

[jimcasada]

I'm a doer, not a talker.

[bloobs]

I'm a doer, not a talker.

[wingchaser]

The old saying is that there are 3 things you don't want to talk about: politics, religion and money. We're already making an exception here on the money thing. Isn't that enough?

You forgot sex.

“We” NEVER forget about s*x, even as we fast approach our 70’s…

Moi!!!

BLOOBSIE has “instantly” become my fav!!!

Best of Luck (everyone) in all you choose to endeavor!!!