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(CNBC)   U.S. Stock Markets set for a gigantic bounce that should probably last 10 minutes before everyone calls their broker screaming SELL SELL SELL GET ME OUT   (cnbc.com) divider line
    More: Spiffy, Monetary policy, Dow Jones Industrial Average, Central bank, Federal Reserve System, Bank of England, United States dollar, Inflation, Pound sterling  
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542 clicks; posted to Business » on 27 Sep 2022 at 9:28 AM (10 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



25 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-09-27 9:42:33 AM  
No, that cat isn't saying "Meow". It's dead.
 
2022-09-27 9:51:10 AM  
Not all of the bad news has been factored in yet. I'll wait for the nuclear war to start. That'll signal a bottom.
 
2022-09-27 9:55:35 AM  

jjorsett: Not all of the bad news has been factored in yet. I'll wait for the nuclear war to start. That'll signal a bottom.


Stock market goes up.
Stock market goes down
You can't explain that.
 
2022-09-27 9:56:13 AM  
*Millennial yawn*

If you're close to retirement you should be in "safe" investments, and since I'm 25 years (if not longer or I die at my desk) from retirement I'll just keep plugging money in to my accounts.  YMMV and all...

/just upped my contribution amount per paycheck
 
2022-09-27 10:21:18 AM  

TheFoz: *Millennial yawn*

If you're close to retirement you should be in "safe" investments, and since I'm 25 years (if not longer or I die at my desk) from retirement I'll just keep plugging money in to my accounts.  YMMV and all...

/just upped my contribution amount per paycheck


I'm over 50 with 2% of my retirement on bonds.  I don't listen to the "experts* who say I should move my portfolio into "safe" investments.  Why?  Because the next few months are going to be a fire sale, and I don't want to miss any of that action.  The timing was great for the market to take a dump as it aligns withy ability to ramp up my contribution percentages .
 
2022-09-27 10:38:32 AM  

Chief Superintendent Lookout: TheFoz: *Millennial yawn*

If you're close to retirement you should be in "safe" investments, and since I'm 25 years (if not longer or I die at my desk) from retirement I'll just keep plugging money in to my accounts.  YMMV and all...

/just upped my contribution amount per paycheck

I'm over 50 with 2% of my retirement on bonds.  I don't listen to the "experts* who say I should move my portfolio into "safe" investments.  Why?  Because the next few months are going to be a fire sale, and I don't want to miss any of that action.  The timing was great for the market to take a dump as it aligns withy ability to ramp up my contribution percentages .


Just remember... the crash of 1929 was like 30% correction. If you bought then, you lost 90% because it just kept dropping. Don't think it will just go back up because it always has.

Fark user imageView Full Size
 
2022-09-27 10:41:41 AM  
Greed and Fear index is at maximum fear.  Every financial article is bearish.  Looking at the S&P500 daily chart the RSI has bottomed out and we bounced off the previous low in June.  Market is down about 20% from the peak which is average for recession/bear markets.  If everyone is at maximum fear then who is left to panic sell?  Perhaps it's time to start buying.

/Or just keep dollar cost averaging into a low fee index fund.
 
2022-09-27 10:52:28 AM  

Chief Superintendent Lookout: I'm over 50 with 2% of my retirement on bonds. I don't listen to the "experts* who say I should move my portfolio into "safe" investments. Why? Because the next few months are going to be a fire sale, and I don't want to miss any of that action. The timing was great for the market to take a dump as it aligns withy ability to ramp up my contribution percentages .


If you had listened to experts and put your money into bonds.... you would have lost like 20% last year. The damn market is broken.
 
2022-09-27 10:53:57 AM  

NewportBarGuy: Chief Superintendent Lookout: TheFoz: *Millennial yawn*

If you're close to retirement you should be in "safe" investments, and since I'm 25 years (if not longer or I die at my desk) from retirement I'll just keep plugging money in to my accounts.  YMMV and all...

/just upped my contribution amount per paycheck

I'm over 50 with 2% of my retirement on bonds.  I don't listen to the "experts* who say I should move my portfolio into "safe" investments.  Why?  Because the next few months are going to be a fire sale, and I don't want to miss any of that action.  The timing was great for the market to take a dump as it aligns withy ability to ramp up my contribution percentages .

Just remember... the crash of 1929 was like 30% correction. If you bought then, you lost 90% because it just kept dropping. Don't think it will just go back up because it always has.

[Fark user image 474x276]


There wasnt 401(k)'s in 1929.   Markets go up, markets go down, millions.... MILLIONS of Americans still contribute to their 401(K)'s.   Most are on auto pilot and dont pay attention to how they are doing.  In 1929, money was also not going into the market, the capialist figured that out when they created the tax laws to get everyman Joe to feed the beast.    Every month Millions, Billions(?) are still getting fed into Wall Street.
 
2022-09-27 11:09:36 AM  

tobcc: NewportBarGuy: Chief Superintendent Lookout: TheFoz: *Millennial yawn*

If you're close to retirement you should be in "safe" investments, and since I'm 25 years (if not longer or I die at my desk) from retirement I'll just keep plugging money in to my accounts.  YMMV and all...

/just upped my contribution amount per paycheck

I'm over 50 with 2% of my retirement on bonds.  I don't listen to the "experts* who say I should move my portfolio into "safe" investments.  Why?  Because the next few months are going to be a fire sale, and I don't want to miss any of that action.  The timing was great for the market to take a dump as it aligns withy ability to ramp up my contribution percentages .

Just remember... the crash of 1929 was like 30% correction. If you bought then, you lost 90% because it just kept dropping. Don't think it will just go back up because it always has.

[Fark user image 474x276]

There wasnt 401(k)'s in 1929.   Markets go up, markets go down, millions.... MILLIONS of Americans still contribute to their 401(K)'s.   Most are on auto pilot and dont pay attention to how they are doing.  In 1929, money was also not going into the market, the capialist figured that out when they created the tax laws to get everyman Joe to feed the beast.    Every month Millions, Billions(?) are still getting fed into Wall Street.


Add to it there are more safeguard in place than 1929.  I remember the market went nuts several year back (early Obama administration?) and the "circuit breakers" kicked in, halting all panic trades & sales.

The key to succeeding in the market is to keep shoveling money into your accounts.  Shovel harder when the market dips.
 
2022-09-27 11:13:14 AM  

jjorsett: Not all of the bad news has been factored in yet. I'll wait for the nuclear war to start. That'll signal a bottom.



Jokes on you.

I've invested in iodine, radiation detectors, and custom apocalyptic car builders.
 
2022-09-27 11:36:13 AM  

NewportBarGuy: Chief Superintendent Lookout: TheFoz: *Millennial yawn*

If you're close to retirement you should be in "safe" investments, and since I'm 25 years (if not longer or I die at my desk) from retirement I'll just keep plugging money in to my accounts.  YMMV and all...

/just upped my contribution amount per paycheck

I'm over 50 with 2% of my retirement on bonds.  I don't listen to the "experts* who say I should move my portfolio into "safe" investments.  Why?  Because the next few months are going to be a fire sale, and I don't want to miss any of that action.  The timing was great for the market to take a dump as it aligns withy ability to ramp up my contribution percentages .

Just remember... the crash of 1929 was like 30% correction. If you bought then, you lost 90% because it just kept dropping. Don't think it will just go back up because it always has.

[Fark user image image 474x276]


It will eventually or your investment wont have any value anyways
 
2022-09-27 11:56:50 AM  
HA! How does it feel to publicly make such a dumb claim, subby? The gigantic bounce has lasted nearly 2.5 hours and only now seems to be gone entirely!
 
2022-09-27 11:58:21 AM  

Chief Superintendent Lookout: tobcc: NewportBarGuy: Chief Superintendent Lookout: TheFoz: *Millennial yawn*

If you're close to retirement you should be in "safe" investments, and since I'm 25 years (if not longer or I die at my desk) from retirement I'll just keep plugging money in to my accounts.  YMMV and all...

/just upped my contribution amount per paycheck

I'm over 50 with 2% of my retirement on bonds.  I don't listen to the "experts* who say I should move my portfolio into "safe" investments.  Why?  Because the next few months are going to be a fire sale, and I don't want to miss any of that action.  The timing was great for the market to take a dump as it aligns withy ability to ramp up my contribution percentages .

Just remember... the crash of 1929 was like 30% correction. If you bought then, you lost 90% because it just kept dropping. Don't think it will just go back up because it always has.

[Fark user image 474x276]

There wasnt 401(k)'s in 1929.   Markets go up, markets go down, millions.... MILLIONS of Americans still contribute to their 401(K)'s.   Most are on auto pilot and dont pay attention to how they are doing.  In 1929, money was also not going into the market, the capialist figured that out when they created the tax laws to get everyman Joe to feed the beast.    Every month Millions, Billions(?) are still getting fed into Wall Street.

Add to it there are more safeguard in place than 1929.  I remember the market went nuts several year back (early Obama administration?) and the "circuit breakers" kicked in, halting all panic trades & sales.

The key to succeeding in the market is to keep shoveling money into your accounts.  Shovel harder when the market dips.


I don't disagree with anything at all... all of what you said has been correct. It has all been like this... Maybe it is again. We've done so many things with fiscal and monetary policy the past 10 years that we have NEVER done before.

Will be interesting to see what happens.
 
2022-09-27 11:59:38 AM  

jso2897: jjorsett: Not all of the bad news has been factored in yet. I'll wait for the nuclear war to start. That'll signal a bottom.

Stock market goes up.
Stock market goes down
You can't explain that.


The stock market is an accurate indicator of the economy in two situations:

It's going up during a (R) presidency
It's going down during a (D) presidency
/s
/s
In all other cases, it's meaningless. IRL
 
2022-09-27 12:03:24 PM  

OccamsWhiskers: HA! How does it feel to publicly make such a dumb claim, subby? The gigantic bounce has lasted nearly 2.5 hours and only now seems to be gone entirely!


I guess that's why I sucked at options. My timing sucks.

I'm sorry everyone!

Oh dear, the selling has intensified.
 
2022-09-27 12:35:42 PM  
If incredibly low interest rates were the only thing that was keeping the market up then the market shouldn't have been up to begin with.
 
2022-09-27 1:45:04 PM  
Higher rates will be great for checking accounts and savings accounts.  Please proceed.
 
2022-09-27 2:38:39 PM  

tobcc: NewportBarGuy: Chief Superintendent Lookout: TheFoz: *Millennial yawn*

If you're close to retirement you should be in "safe" investments, and since I'm 25 years (if not longer or I die at my desk) from retirement I'll just keep plugging money in to my accounts.  YMMV and all...

/just upped my contribution amount per paycheck

I'm over 50 with 2% of my retirement on bonds.  I don't listen to the "experts* who say I should move my portfolio into "safe" investments.  Why?  Because the next few months are going to be a fire sale, and I don't want to miss any of that action.  The timing was great for the market to take a dump as it aligns withy ability to ramp up my contribution percentages .

Just remember... the crash of 1929 was like 30% correction. If you bought then, you lost 90% because it just kept dropping. Don't think it will just go back up because it always has.

[Fark user image 474x276]

There wasnt 401(k)'s in 1929.   Markets go up, markets go down, millions.... MILLIONS of Americans still contribute to their 401(K)'s.   Most are on auto pilot and dont pay attention to how they are doing.  In 1929, money was also not going into the market, the capialist figured that out when they created the tax laws to get everyman Joe to feed the beast.    Every month Millions, Billions(?) are still getting fed into Wall Street.


Weren't pension fund managers doing the same thing in absence of 401ks?
 
2022-09-27 4:12:09 PM  

IlGreven: No, that cat isn't saying "Meow". It's dead.


Schrodinger's Technical Analysis.
 
2022-09-27 5:32:13 PM  

TheFoz: *Millennial yawn*

If you're close to retirement you should be in "safe" investments, and since I'm 25 years (if not longer or I die at my desk) from retirement I'll just keep plugging money in to my accounts.  YMMV and all...

/just upped my contribution amount per paycheck


Am 62 with 2 mil + in s&p indexes. Have about 90k annually from pensions and social security. Both still working in recession proof industries, cybersecurity and mental health. House is paid off. We have 1 car loan. I say let it ride. Next bounce we bounce to Canada. I have feeling it might be to late anyway.
 
2022-09-27 5:34:04 PM  

NewportBarGuy: Chief Superintendent Lookout: TheFoz: *Millennial yawn*

If you're close to retirement you should be in "safe" investments, and since I'm 25 years (if not longer or I die at my desk) from retirement I'll just keep plugging money in to my accounts.  YMMV and all...

/just upped my contribution amount per paycheck

I'm over 50 with 2% of my retirement on bonds.  I don't listen to the "experts* who say I should move my portfolio into "safe" investments.  Why?  Because the next few months are going to be a fire sale, and I don't want to miss any of that action.  The timing was great for the market to take a dump as it aligns withy ability to ramp up my contribution percentages .

Just remember... the crash of 1929 was like 30% correction. If you bought then, you lost 90% because it just kept dropping. Don't think it will just go back up because it always has.

[Fark user image image 474x276]


Depends on your time scale if you got 10 years you'll be fine.
 
2022-09-27 7:06:32 PM  
After the 1929 crash, it took over 25 years for the market to return to where it had been.

And from 1965 to 1985, the market was flat. For 20 years.

Yes the market always goes up.....eventually. Just maybe not on your life timescale.
 
2022-09-27 9:17:21 PM  

Chief Superintendent Lookout: Higher rates will be great for checking accounts and savings accounts.  Please proceed.


And the housing market and a whole lot of other sectors. It'll hurt everyone in proximity for a moment, but... Eh.
 
2022-09-28 1:48:42 AM  

Nullav: Chief Superintendent Lookout: Higher rates will be great for checking accounts and savings accounts.  Please proceed.

And the housing market and a whole lot of other sectors. It'll hurt everyone in proximity for a moment, but... Eh.


This is how investments work.  Not everything can be hot at the same time.

Yet even with interest rates up, accounts still wont beat inflation so why not buy the equity fire sale?
 
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