At this point I feel like I'm holding TSLA just because doing taxes on stock sales is really fucking annoying to me even though it's simple (even though the auto filler literally never works).
I even find myself laughing at hardcore TSLA holders when stupid shit happens with Elon/Tesla updates even though I'm a holder myself. What a situation I find myself in. [Reply]
Today they're walking amongst the bodies and shooting anything that's still moving.
The past two weeks have been absolutely brutal. I have blood flowing from every financial orifice. My strategy of buying CDs for the past year has been great, but I've got enough tech that I'm still losing my shirt. [Reply]
Mag 7 selling off on ERs, unfavorable job report, Amazon less than stellar earnings, dollar weakening even further.....recession looming???
We could see an actual correction, which is needed. We are only down 5.8% from ATH. I won't suggest bear market (20% down) but there's a lot of indicators flashing louder than they have in the past few years. [Reply]
Originally Posted by lewdog:
Mag 7 selling off on ERs, unfavorable job report, Amazon less than stellar earnings, dollar weakening even further.....recession looming???
We could see an actual correction, which is needed. We are only down 5.8% from ATH. I won't suggest bear market (20% down) but there's a lot of indicators flashing louder than they have in the past few years.
The thing I keep telling myself is that we were having a fantastic year, and even with this selloff I'm still up on the year in my investments. It's horrific right now, but it's really just taking back gains rather than inflicting losses. [Reply]
Originally Posted by Rain Man:
The thing I keep telling myself is that we were having a fantastic year, and even with this selloff I'm still up on the year in my investments. It's horrific right now, but it's really just taking back gains rather than inflicting losses.
Definitely, could just be a much needed correction. This year we extended way too much and it couldn't last forever. Hope that's all it is but we shall see. [Reply]
Hog's Gone Fishin 08-02-2024, 03:41 PM
This message has been deleted by Hog's Gone Fishin.
Reason: A rare agreement from Lewdog , his post is below. I'm still deleting
Originally Posted by Hog's Gone Fishin:
Get ready for Mortgage defaults to start hitting. People that bought 4 years ago with variable rate loans bought what they could afford at the time. Now they are struggling if they got an adjustment. I've got 5 mortgages left on rentals that all adjusted in the last 12 months from 5% to 8.75%. I can raise rents, but people with a home mortgage just have to get a 2nd job. Meanwhile the property taxes have increased as well as fuel and groceries. Banks are going to get wrecked shortly or another bailout. Never ends.
I agree. Most signs point to that repeating. It is cyclical and it's coming soon (1-2 years), IMO. [Reply]