Brian662
5 year old buck +
The market lost 2 trillion in valuation on Thursday alone.
Stock Market is the bottom in?
- Thread starter Peplin Creek
- Start date
From investopedia ... with catch-up provisions, older Americans can salt away a pretty substantial sum; however, it wasn't always that generous. Those 55 and up probably show the results of peak earning years and and, an increased willingness to save as they begin to contemplate retirement. If any of those were my numbers, I wouldn't retire. I suppose we all can better understand why/how the last 3-4 weeks and, especially the last 2 days, have terrified some older Americans who have questionable financial security.
According to STATISTIA ... The largest age cohort in the U.S. includes folks 30-34 (23.52M in this 5-year age group), while those who are 65+ represent (41.07 Million Americans or around 12+ % of the population). Only 12.15M Americans are 80+ years old.
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Ok then, that's a crazy amount.
4wanderingeyes
5 year old buck +
If history repeats itself, the market will recover in less than a year or 2. Which for anyone that is more then a few years from retirement, this is a great time to buy, with expectations for huge profit in the next 3-5 years. But for those that need to pull money out in the next couple years, it will be painful. But if you are within a couple years to retirement, you shouldn’t have been heavily invested in the market anyhow. If you are investing $1000 per month now, it buys you a lot more stocks than it did a week ago.
I am in my mid 50’s, and I am sure this won’t be the last market drop I will see before I retire. I am not panicking, a market correction now for my age, will probably be a blessing.
I am in my mid 50’s, and I am sure this won’t be the last market drop I will see before I retire. I am not panicking, a market correction now for my age, will probably be a blessing.
Howboutthemdawgs
5 year old buck +
Down 1500 premarket
RGrizzzz
Administrator
It's about attempting to balance trade. When a country puts tariffs on foreign goods, generally it's trying to encourage its citizens to buy domestic products. That hurts foreign companies/countries, so they retaliate.
But you get the gist, it's not good for consumers, as costs go up .
bwoods11
5 year old buck +
Yes, for dollar cost averaging it’s an excellent time. I hope the market doesn’t go much lower, but probably will.
It’s panic selling, and that can reverse very fast. When all assets sell off (stocks, commodities /gold, oil) we usually get capitulation and buyers start to show up !
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SD51555
5 year old buck +
Day 3 usually includes margin calls and the stops blow out because of it. I don’t know if I have the stones to buy a ton of them expensive calls to try to time the whiplash upward.
The numbers are misleading. We’ve had a piss pile of inflation since the last stocks tumble. 1500 isn’t a crash anymore. It’s 4%.
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Bill
Administrator
Don't know why everyone is mad at the U.S. They (other countries) are the ones that imposed the tariffs on us. We just finally said enough is enough. If it was an ex-wife getting cut off no one would bitch....except the ex-wife
. Wait, that's what's happening.
2 days, even 2 months isn't any indication of the stock market.
And like SD said 1500 isn't squat these days. When the DOW was 18,000 it was something. I guess it depends on your stomach. I lost 50% in the 08 because the banking queen decided people with no way to pay should get mortgages and the banks decided to dump the government mandated bad debt.
. Wait, that's what's happening.2 days, even 2 months isn't any indication of the stock market.
And like SD said 1500 isn't squat these days. When the DOW was 18,000 it was something. I guess it depends on your stomach. I lost 50% in the 08 because the banking queen decided people with no way to pay should get mortgages and the banks decided to dump the government mandated bad debt.
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I'd be pretty cautious at this point ... definitely wouldn't do anything until after Wednesday (4-9) even if there is a little bounce back on Monday or Tuesday. Folks, we're in uncharted waters with the possibility of a full blown tariff war. Y'all may have bigger gonads than me and I'm pretty risk willing when things are more normal (whatever that is).
For example it's not inconceivable that a darling of 2024 - Palantir - could be trading between 50-60 per share by Thursday or Friday. If one recently bought it at 100 (at that point it was down 20% from 2025 high) as a dip'n'flip opportunity, you have lost 25% at 75 per share. If it hits 50, as some analyst believe it might, it would have to double to get you back to your original purchase price.
Earlier, I believe someone on this thread ask, "Did the matador kill the bull?" Certainly for the tech stocks! Let's hope the bull merely limped over to the side of the ring in order to come roaring back at some point in the near future (within a year).
For example it's not inconceivable that a darling of 2024 - Palantir - could be trading between 50-60 per share by Thursday or Friday. If one recently bought it at 100 (at that point it was down 20% from 2025 high) as a dip'n'flip opportunity, you have lost 25% at 75 per share. If it hits 50, as some analyst believe it might, it would have to double to get you back to your original purchase price.
Earlier, I believe someone on this thread ask, "Did the matador kill the bull?" Certainly for the tech stocks! Let's hope the bull merely limped over to the side of the ring in order to come roaring back at some point in the near future (within a year).
SD51555
5 year old buck +
I remember when that song came out.Don't know why everyone is mad at the U.S. They (other countries) are the ones that imposed the tariffs on us. We just finally said enough is enough. If it was an ex-wife getting cut off no one would bitch....except the ex-wife
2 days, even 2 months isn't any indication of the stock market.
And like SD said 1500 isn't squat these days. When the DOW was 18,000 it was something. I guess it depends on your stomach. I lost 50% in the 08 because the banking queen decided people with no way to pay should get mortgages and the banks decided to dump the government mandated bad debt.
Angus 1895
5 year old buck +
CNN reported we now have a 10% tariff on some islands inhabited by penguins.
Why is maga anti penguin
.?
Chilly Willy must be bummed
Why is maga anti penguin
.?Chilly Willy must be bummed
I have been doing my own research and the tariffs on that board are not even close to reality. If you research, "World Trade Organization Tariffs" you can find many articles on the average tariffs that every country in the world has for imports and exports and they are much lower than the number on the chart. Simply put is is a lie to say it is a reciprocal tariff. The chart is doing a math formula which mostly includes the trade deficit with other countries. This is where the logic ends for me.......
Example.....if we buy a million dollar of bananas from Honduras and they buy nothing form us because they need nothing from us then how is putting a tariff on Honduras going to change anything. They are still buying nothing from us but the American people are then paying a tax on bananas to our government. On the other hand it could hurt Honduras if we buy less bananas, but is that the answer? The reason we have a trade deficit with every country is because we Americans can afford much more than necessities, I want a banana.
Example.....if we buy a million dollar of bananas from Honduras and they buy nothing form us because they need nothing from us then how is putting a tariff on Honduras going to change anything. They are still buying nothing from us but the American people are then paying a tax on bananas to our government. On the other hand it could hurt Honduras if we buy less bananas, but is that the answer? The reason we have a trade deficit with every country is because we Americans can afford much more than necessities, I want a banana.
jsasker007
5 year old buck +
It's getting very difficult to find correct information. This is not the end of the world. Also, any of the current agreements(tariffs) can be altered in the future. This stock market panic reminds me of every time gas prices go up. We get conditioned by the higher prices and when it drops slightly everyone is tickled about it even though the prices didn't even come close to getting back to where they were before the big hikes. Example: gas was $2 and went up to $4.50. Gas drops down to $4.00 and people are happy about it. Conditioning. jmho
Angus 1895
5 year old buck +
I would tend to believe their is a right wing and a left wing.
Both of them attach to same buzzard.
IMO tarrifs are a consumption tax.
It seems the public markets no likey higher taxes.
The cattle markets have increased the limit down amounts , and have suspended a price loss insurance program.
Both of them attach to same buzzard.
IMO tarrifs are a consumption tax.
It seems the public markets no likey higher taxes.
The cattle markets have increased the limit down amounts , and have suspended a price loss insurance program.
jsasker007
5 year old buck +
Looks like they flipped the switch and we can make money again. I thought for sure this time was really the end of the world. Maybe next week.
Angus 1895
5 year old buck +
They flipped it back?
