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rickeyphillips

rickeyphillips

Joined
Dec 25, 2024
Messages
164
Tomorrow is going to be about as ugly as it gets. I’m predicting a 4000+ drop for the Dow. Look on the bright side, 99% of you losers are broke as a f ucking joke and don’t have a dog in the fight. You can sit around in your underwear tomorrow watching the bloodshed. For the other 1% which of course includes myself, don’t forget, it’s just a paper loss. Sweet dreams.
 

jjgold

jjgold

Joined
Oct 15, 2021
Messages
34,564
Tomorrow is going to be about as ugly as it gets. I’m predicting a 4000+ drop for the Dow. Look on the bright side, 99% of you losers are broke as a f ucking joke and don’t have a dog in the fight. You can sit around in your underwear tomorrow watching the bloodshed. For the other 1% which of course includes myself, don’t forget, it’s just a paper loss. Sweet dreams.
Yes including me
 

JDS

JDS

Joined
Dec 11, 2021
Messages
50,260
Not invested into anything as of right now, but been waiting for this moment to come in on the low end of the market. Have like 7 racks of cash just sitting in the safe. I’ll be watching the crypto & stock markets like never before.
 

djefferis

djefferis

Joined
Jan 8, 2024
Messages
3,344
Unlikely we see anything near this level of carnage - thanks to breakers and fact the big boys will try to co trip the slide and restore confidence so they can begin to get out themselves.

Timing the market is a dangerous game - at this time it’s just a game of buying a little and focusing on sectors. You cannot blindly buy QQQ, Mag 7 or whatever and collect profits. Industrials getting crushed - but that’s part of where I’d be looking to dip my toes in right now.

Ditto some consumer names - you think Nike, Chipotle, or other household names aren’t going to be able to absorb tariffs ? So what it the price of avocados goes up 100% - so instead of paying 25 cents per serving Chipotle pays 40 cents and still sells them for $4? Nike price of shoes goes up 200% ? So what - they still pay like $4 a pair and sell them for $200! Only thing that this is going to effect is the knockoffs - higher tariff = more enforcement.

We saw it last recession - consumers will focus on “affordable luxuries” - no one stopped buying Starbucks - they just stopped buying new cars, big vacations and buying homes.

Trumps comment that “sometimes you have to take medicine to get better” just perplexes me - wasn’t this the same guy who suggested injecting bleach and tanning with a UV light to cure COVID ? Maybe we shouldn’t be taken medical or financial advice from the good doctor emeritus of Trump University.
 

djefferis

djefferis

Joined
Jan 8, 2024
Messages
3,344
Not invested into anything as of right now, but been waiting for this moment to come in on the low end of the market. Have like 7 racks of cash just sitting in the safe. I’ll be watching the crypto & stock markets like never before.

Gotta keep part of that in physical gold/silver.

The thing about cash is it can lose value too in times like this (inflation).

Historically - metals balance out that risk.

I actually don’t think we are at a low water mark yet - especially on certain sectors. It’s just a matter of what will drop faster from here. We could easily see another 20% on the Nasdaq between now and October. We just won’t see it coming 5% at a time like we have been.
 
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