OT: the market took a dump today
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China. Tech wars.
Seriously, that country is the biggest threat to our culture since the Vietnam War. Decoupling from them and bringing them pain will singe the US and others, but it has to be done. Those MFs are playing some dirty, ruthless games. Their day of reckoning is approaching.
Seriously, that country is the biggest threat to our culture since the Vietnam War. Decoupling from them and bringing them pain will singe the US and others, but it has to be done. Those MFs are playing some dirty, ruthless games. Their day of reckoning is approaching.
Do you realize you just asked if it had "anything to do with" 80% of our government ? **
The gov't shutdown.
No new data on jobs and the economy leads to uncertainty.
Headlines you won't see as this thread title:
OT: I wanna start a fight and get a thread locked
OT: I wanna start a fight and get a thread locked
There was no government data released this week due to shut down. Not knowing the saftest thing to do is sell. Just what I think happened.
Honest question - when the market was hitting all time highs, were you giving him the credit, or does he just get the blame when things go bad?
I’ve had no time to look just made the mistake of logging into fidelity. Was hoping general uncertainty was a part of it.
Let’s be honest. The jobs numbers have been so GD ridiculously politicized for decades now, they’re as useless as the gnashing teeth over a 700 point market dip.
In this day and age, jobs and unemployment numbers are antiquated when you consider the sheer insanity of juxtaposing nearly 20 million open positions and at least 25 million working age, healthy people who have affirmatively opted out of the work force.
Well, there’s some new jobs data. As in, there are now less of them and higher unemployment from federal employee layoffs.
You say this as if less government workers are a bad thing
Non farm job openings are still about a million higher than the 25 year median. And the unemployment rate is below the 50 year average. Strangley enough California has the highest unemployment rate in the country but it's only 5.5%.
This market is way over extended. PE ratios need to be brought back below 20.
Well, they are people who buy things and contribute to the economy when they are gainfully employed. I’m not seeing the benefit of kneejerk layoffs due strictly to the government shut down. Seems like no good can really come from that.
It’s only a bad thing when my particular set of interests are harmed by not having them. If your particular set of interests are harmed, it a good thing. *
Knee jerk is our national policy right now.
I'm hearing a lot of noise around these "Chip Wars" and want to do my part. Doing my damnedest to get the ol' battle axe to invest in silicone, but no dice.
We have a problem with rare earths…..China controls them. So they bullied us on them Yesterday and Trump went after them with tariffs. I get both positions and its posture. We have to build infrastructure for trade earths for long term security
#orangemanbad
The stock market has been way ahead of fundamentals for months now. It is become more clear almost daily that unemployment is more of an issue than accepted by the market. There is zero data out there because of the government shutdown and Trump is spooking the market with higher tarriffs on China (probably justified).
The stock market has been way ahead of fundamentals for months now. It is become more clear almost daily that unemployment is more of an issue than accepted by the market. There is zero data out there because of the government shutdown and Trump is spooking the market with higher tarriffs on China (probably justified).
What's happening now in the battles between chip manufacturers will have consequences for 5-6 years
Days like today are how the politicians make all that money, its rigged. The uni party causes the little dips ,they know ahead of time. Just look at stock trades that they make. Its almost like they knew what was coming
Good luck
Guys I know like you never seem to want to get back in and it costs them thousands
Maybe you can do it though
As bad as today was I’m still up 33% for the year. It’ll be alright.
%! Knowing when to get out is easy, knowing when to get back in is the hard part. I had gotten out of the market ahead of the 2008 crash, but got back in too early and ended up down (not as down as most, but still down a significant amount). I did the same thing in late Dec 2021, it was obvious the start of 2022 was going to be rocky so is sold late in
Dec, I timed my reentry better that time though.
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