Stock market on fire

[titsonritz]

On average, in the long term, the market keeps going up. Fortunately I do not depend on my investments for short term returns - I have a "fixed" monthly income that pays all of my bills (except my unnecessary ones, like guns & ammo), plus a cash reserve in my checking account for emergencies.

So I can just ride the roller coaster because eventually my investments will arrive a higher point.

Not if Joe and the Ho have anything to say about it.

 

[The Heretic]

Not if Joe and the Ho have anything to say about it.

I do not anticipate that Biden/et. al. will be in power for a second term, and I am hoping that they become lame ducks after the 2022 elections, or at least (maybe better) that there is a gridlock situation with Congress.

 

[SonicBlue03]

I do not anticipate that Biden/et. al. will be in power for a second term, and I am hoping that they become lame ducks after the 2022 elections, or at least (maybe better) that there is a gridlock situation with Congress.

Someday the younger generation that keeps screaming for immediate change will understand the wisdom of the statement that "no legislation is better than poor legislation." Or maybe they won't, but I hope they wise up.

 

[bolus]

How to know the stock market might be a completely fraudulent scheme?

How about blockbuster stock up 33% today?

BB Liquidating Inc. (BLIAQ) Stock Price, News, Quote & History - Yahoo Finance

Find the latest BB Liquidating Inc. (BLIAQ) stock quote, history, news and other vital information to help you with your stock trading and investing.

finance.yahoo.com

And look at that. Over $1.2 trillion for the daily reverse repos. Totally normal. nothing to see here. No concern that it is 300% higher than it has ever been in history.

 

[sobo]

How about blockbuster stock up 33% today?

Whuh? Blockbuster is still a thing? WTH?
I thought they went the way of the dinosaur years ago, after Netflix took off like a rocket...

 

[bolus]

Whuh? Blockbuster is still a thing? WTH?
I thought they went the way of the dinosaur years ago, after Netflix took off like a rocket...

Blockbuster might have been shorted to death by hedge funds. If the hedge funds kill a company using counterfeited shares (naked shorts) they dont have to pay any taxes on the money they made shorting the company. Its in their interest to drive a company's price to zero killing them in the process.

But since these companies are dead they dont have to ever sell the shares they created out of thin air to kill them. Until something bad happens. Then in order to keep afloat they have to sell shares in companies that they still own and killed to get them off their books.

Also similar spikes in share prices recently for Sears holding company which also should be dead.

If you take a step back, you see the giant hedge funds who kill these companies also own a ton of Amazon stock. So a bunch of companies are killed (sears, toys r us, blockbuster, etc), Amazon directly benefits from having a monopoly, the hedge funds who own Amazon stock get richer, Bezos becomes the richest person alive and flies his dick rocket into space. Perhaps the entire stock market is fraudulent?

 

[CountryGent]

We've left our various retirement funds alone because we've got time. But with our non-retirement portfolio, earlier this month we've moved away from stock heavy to less volatile investments. Some of it was simply profit taking and others reorienting towards some life changes coming relatively soon. (We also have a family member in need of a surgery. We have good insurance and don't expect major expenses surrounding said, but still.)

 

[The Heretic]

We've left our various retirement funds alone because we've got time. But with our non-retirement portfolio, earlier this month we've moved away from stock heavy to less volatile investments. Some of it was simply profit taking and others reorienting towards some life changes coming relatively soon. (We also have a family member in need of a surgery. We have good insurance and don't expect major expenses surrounding said, but still.)

I've got about $60K in a Roth that is 50/50 stock/bonds. It goes up and down a few hundred with the market, but always about 10%+ for YTD. It is my emergency emergency fund since it is tax free, so I am conservative with it. I intend to do a backdoor from my IRA to the Roth early next year. Don't want to do that this year as I have had some decent income this year and taking the backdoor would bump my tax bracket up, whereas next year I won't have that extra income and I can stay in the 10-12% bracket. I will keep doing that backdoor until I have to take RMDs in about 5-6 years.

 

[USMC1911]

We've left our various retirement funds alone because we've got time. But with our non-retirement portfolio, earlier this month we've moved away from stock heavy to less volatile investments. Some of it was simply profit taking and others reorienting towards some life changes coming relatively soon. (We also have a family member in need of a surgery. We have good insurance and don't expect major expenses surrounding said, but still.)

I did something very similar in early August. Work was and still is crazy 70+ hour weeks and just no time to actively manage my portfolio/positions. I don't have much say in my current employer retirement pension/portfolio management so its stayed the same. All my actively managed stuff like my 401k from past job and current non employer funded 401k went about 70% cash, 10% random leap option calls, 20% SPY leap (late next year) option straddles. Thats cash is really burning a hole in the pocket and really hunting for that rental property but need to stay disciplined. Property needs to fit neatly into the plan, property type (commercial industrial) and current management style.

PS: If anyone has a good CPA or similar that is well versed in type S corp (currently LLC) please send a dm.

 

[Soli]

Annnnnndddd...

The punch bowl remains full! Drink up everybody! Nothing will happen until "next year"... It will be "soon" tho...

lol

As Wimpy used to say: "I will gladly pay you Tuesday for a hamburger today."

 

[The Heretic]

Annnnnndddd...

The punch bowl remains full! Drink up everybody! Nothing will happen until "next year"... It will be "soon" tho...

lol

As Wimpy used to say: "I will gladly pay you Tuesday for a hamburger today."

As I move $ from my IRA to my Roth, they get moved to "safer" investments.

Over time, 7-10% returns I get in the stock/bond market, are better than the 0.5% I get in a money market fund or CD.

 

[USMC1911]

Annnnnndddd...

The punch bowl remains full! Drink up everybody! Nothing will happen until "next year"... It will be "soon" tho...

lol

As Wimpy used to say: "I will gladly pay you Tuesday for a hamburger today."

No cutback on quantitative easing (yet) and in fact crank up the printer!

 

[Soli]

Can't criticize anyone's decisions. There's an old saying: "Don't fight the FED". That's from back in the day when the FED wasn't an active participant in "saving" the equity market, but has applied even more to the past decade plus.

As long as savers are being bent over by insanely low interest rates there is nowhere else to go but risk. That is the big unreacted to story IMO. "We" (society) are apparently too stupid to be up in arms about our gov manipulating money in a way that makes it impossible to simply save your money at low risk.

The low risk savings rate should never be below the rate of inflation. It never is in an un-manipulated environment. lol Well, make that a low-manipulated environment. When it is made that way on purpose it's bad public policy; it screws way more people than it helps.

Just an IMO rant.

And yes, the market is still On Fire!

 

[bolus]

The Fed apparently just raised the reverse repo limit from $80 billion to $160 billion per member.

New high score today, closing in on $1.3 trillion per day, and now they have doubled the limit.

Overnight Reverse Repurchase Agreements: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations

Graph and download economic data for Overnight Reverse Repurchase Agreements: Treasury Securities Sold by the Federal Reserve in the Temporary Open Market Operations (RRPONTSYD) from 2003-02-07 to 2024-03-01 about reverse repos, overnight, trade, securities, Treasury, sales, and USA.

fred.stlouisfed.org

Nothing says the market is fine by the casino changing the rules to keep banks from crashing by turning up the money printer to 11.

All good, nothing to see here. Your dollar bills are still worth something.

 

[The Heretic]

All good, nothing to see here. Your dollar bills are still worth something.

My theory is that my mortgage debt is fixed, both in amount and interest. My SS income is fixed except I get COLA increases based on inflation, so if inflation goes up, so does my income. Those two things are my main balancing act - although I have enough in my 401k/IRAs & checking account together, to pay off the mortgage several times over.

But not everybody is in that position, so stuff can still happen. We shall see. Not much I can do about it.

 

[bolus]

My theory is that my mortgage debt is fixed, both in amount and interest. My SS income is fixed except I get COLA increases based on inflation, so if inflation goes up, so does my income. Those two things are my main balancing act - although I have enough in my 401k/IRAs & checking account together, to pay off the mortgage several times over.

But not everybody is in that position, so stuff can still happen. We shall see. Not much I can do about it.

At least the nice thing about ammo is there is no inflation in lethality.

 

[parallax]

Does anyone else feel like the fed is herding everyone out of cash and insured. C. D. 's. To stocks as that's the only venue left to make any money. And what could be the potential outcome of the intentional herding effect of being over extended into the stock market

 

[sobo]

Does anyone else feel like the fed is herding everyone out of cash and insured. C. D. 's.

Yes, I absolutely do! The Fed, as well as the World Bank and all of the ECBs (what I will refer to as the collectives "They" and ""Them"), want you out of cash. They want a universal digital currency, but not Bitcoin or similar since They can't control that. They say it would be easier to catch drug cartels and human traffickers that way. However, it could/would be easily perverted and They could use it to track the spending habits of us subjects. How easy would it be, in a cashless society using only a digital currency, for Them to track exactly where a liberty-minded (in our language: conservative, 2A-supporting, Christian, law-abiding citizen - or in Their language: right-wing, domestic extremist/insurrectionist/white nationalist) person goes (gun stores/shows, range, church, political rallies, etc.) and just what those people spend their money on (guns, ammo, tactical gear, radios, survival food - hell, even bibles)...?

Similarly, what happens when the US Dollar (USD) is no longer the world's reserve currency (a step away from which we are not very far and which the World Bank and ECBs have been on about for the past 40 years)? Ever hear of the SDR? Acronym for Special Drawing Rights. The IMF uses the SDR to value things instead of the USD. Funny that, huh? Your in-flight death insurance while flying on airlines is valued in the SDR, not the USD. And the USD is currently trading at 69% of the SDR. So, picture this: Your $100,000 nest egg is sitting in your 401K when the SDR becomes the new reserve currency... Immediately, your nest egg drops to $69,000! Imagine tens of millions of Americans who just lost more than 30% of their retirement savings overnight. That oughta make for a bright and happy picture, eh?

 

[arakboss]

The Fed, as well as the World Bank and all of the ECBs, want you out of cash. They want a digital currency cuz they say it would be easier to catch drug cartels and human traffickers that way. However, it could/would be easily perverted and used to track the spending habits of us subjects. How easy would it be, in a cashless society using only a digital currency, to track exactly where a liberty-minded (read: conservative, Christian, 2A-supporting, domestic extremist/white nationalist) person goes (gun stores/shows, range, church, political rallies, etc.) and just what they spend their money on (guns, ammo, survival food, bibles)...?

It will make it easier for them to collect their taxes too.

 

[bolus]

If anyone is curious, this is testimony from 2008 about the corruption in the markets and nothing has been done about it by the SEC even until today. Its long and a bit complicated but makes it clear how corrupt the market is.

Comments of Dr. Jim DeCosta and Associates on S7-19-03

www.sec.gov

Once you learn that any stock you own can be loaned out without your knowledge or compensation to be used to drop the value of said stock to take your money away you start to understand the level of crime that is going on.