Stock Market is the bottom in?

[SD51555]

This is interesting. 2.3% of 401k owners at fidelity took a hardship withdrawal in Q3. Not a loan, but a cut me a check and take it out completely.

Inflation-Battered Americans Raiding 401k's To Pay Mortgages And Rent | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[b116757]

This is interesting. 2.3% of 401k owners at fidelity took a hardship withdrawal in Q3. Not a loan, but a cut me a check and take it out completely.

Inflation-Battered Americans Raiding 401k's To Pay Mortgages And Rent | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

That is not a good sign of things to come here pretty quick I’m afraid. I’d guess we will start see more layoffs and foreclosures, happening in 2024 likely a lot of layoffs early 2024 because businesses usually don’t like to lay off in November and December. We are seeing a 15-20% reduction in freight already that if it extends to the entire US economy will be a pretty rough recession. The commercial real estate market could also be in for a real squeezing that could add to the pain felt throwout the economy. 2024 is going to be an interesting year I’m affraid and that’s not even including Biden’s two hot wars he created threw his incompetence/weakness policy he does so well.

 

[hunts_with_stick]

Agreed. I havent seen it this bad in the auto industry. I don't see an end in sight for at least 6 mos. However, next year is election year so fjb might lower rates to get reelected.

 

[Bowsnbucks]

commercial real estate market could also be in for a real squeezing

It has been, ever since the start of the pandemic / working from home. Lots of empty commercial office buildings now. Wondering where REIT's will collect from.

 

[hunts_with_stick]

Hang on to your hats boys! Time to tighten your belt a notch or two.

 

[S.T.Fanatic]

Hang on to your hats boys! Time to tighten your belt a notch or two.

Now if I could only get my wife to open her eyes...

 

[jsasker007]

Now if I could only get my wife to open her eyes...

How's that saying go? Women and money are soon parted, or something like that. I don't dare say anymore.

 

[jsasker007]

SOUN has been making me money everyday lately. SOFI also looks to be going up where it should be.

 

[Angus 1895]

Green giant ( GGE) is at $0.17

 

[jsasker007]

Green giant ( GGE) is at $0.17

That's because I bought it at $1.97.

 

[jsasker007]

I can sell my shares if you want the price to go up.

 

[Angus 1895]

I sold 500 at $1.60 yesterday.,….

Refilled the cart today

 

[jsasker007]

I sold 500 at $1.60 yesterday.,….

Refilled the cart today

Yeah, I'm glad you pointed out the price today. I loaded up too and got the DCA down to .18 cents. THANKS

 

[Angus 1895]

Hopefully the communist party bails em out like our darlings in Washington do for our corporate masters!

like gambling on a sure thing

 

[Bowsnbucks]

Green giant ( GGE) is at $0.17

What gives there?? GGE being a household name & all.

 

[Kdog]

I could buy 3 shares with what I have in available funds. :)

 

[Telemark]

What gives there?? GGE being a household name & all.

I don't think it's the canned vegetables. I think it's a Chinese real estate investment firm. I wouldn't touch it with a barge pole.

 

[Angus 1895]

GGE……..38 cents!

 

[jsasker007]

Gonna be a wild ride for a bit.

 

[Angus 1895]

I sold some at .37

Have a limit order at .42