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Oh, no, this is terrible! (1 Viewer)

Dittohead not!

Dittohead not!

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[h=1]Dow notches 4-day winning streak, closes at record high[/h]
[FONT=&quot]The Dow and the S&P closed at record highs on Tuesday, as concerns surrounding Brexit diminished and the prospects of further economic stimulus in Japan increased. The Nasdaq composite, meanwhile, closed in positive territory for 2016 on Tuesday.[/FONT]
[FONT=&quot]"Bottom line, the S&P 500 is 1 percent above where it was 14 months ago and the optimism is back to being exuberant," Peter Boockvar, chief market analyst at The Lindsey Group, said in a Wednesday note to clients. "Earnings over the next month [will] help determine if all we've seen is a price chase or we are discounting a reversal in the downtrend in earnings."[/FONT]
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How can we possibly continue to feed the fear that the economic policies of the Obama Administration are causing the economy to tank?

This can't possibly be true!

Buy gold, buy gold!!!
 
Dittohead not! said:
[h=1]Dow notches 4-day winning streak, closes at record high[/h]

How can we possibly continue to feed the fear that the economic policies of the Obama Administration are causing the economy to tank?

This can't possibly be true!

Buy gold, buy gold!!!
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Interest rates are practically in negative territory. And yet!!! Credit cards are still charging 15 to 20% interest. Our gvmt has decided to prop up the market by ridiculously low interest rates forcing baby boomers to liquidate their nest eggs to pay their retirement bills. And to chase some kind of return by investing in the stock market PUSHING IT TO RECORD HIGHS. Can't have people with money in the bank, can we?

The stock market is an illusion.
 
Dammit Obama!
 
It's called the bubble bursting. Remember when housing prices went up and up and up. The Democrats manage to tank that.
 
MaggieD said:
Interest rates are practically in negative territory. And yet!!! Credit cards are still charging 15 to 20% interest. Our gvmt has decided to prop up the market by ridiculously low interest rates forcing baby boomers to liquidate their nest eggs to pay their retirement bills. And to chase some kind of return by investing in the stock market PUSHING IT TO RECORD HIGHS. Can't have people with money in the bank, can we?The stock market is an illusion.
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or a mirage?It took me a few years of participating in conventional investing before I started getting antsy about THEM living high on fees and commissions while WE settle for poor returns. But now I am over 70 and living well and see no need for further investment. Man, does that irritate the money men who see people like me who would rather get no return on my savings than to risk any of it just so they can "earn" a living managing other people's money. Since most of my friends are my age and also retired, I hear plenty of stories about financial institutions preying on the gullible elderly, or any other unsophisticated investor.I tell my grown kids to consider carefully where they invest, AND to get completely out of debt before worrying about investing. My daughter and her husband are intheir 40's and have their house and cars paid off, and a years worth of salary in savings. My son is working on it, but his situation is a bit more complicated as they have a lot of medical issues for one of their kids.Being debt free is very important if you are retiring soon.
 
Dittohead not! said:
[h=1]Dow notches 4-day winning streak, closes at record high[/h]



How can we possibly continue to feed the fear that the economic policies of the Obama Administration are causing the economy to tank?

This can't possibly be true!

Buy gold, buy gold!!!
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Lol !! This nonsense again ?

Celebrate the Rich getting richer and the Middle claaa shrinking and the poor staying poor as Central banks all ovet the world prop up their equities markets with unprecedented monetary stimulus and negative interest rates

The Stock market is so not the economy
 
Wait a minute, I thought Brexit was supposed to crash the worlds Stock markets and throw us into a deep depression?
 
UtahBill said:
or a mirage?It took me a few years of participating in conventional investing before I started getting antsy about THEM living high on fees and commissions while WE settle for poor returns. But now I am over 70 and living well and see no need for further investment. Man, does that irritate the money men who see people like me who would rather get no return on my savings than to risk any of it just so they can "earn" a living managing other people's money. Since most of my friends are my age and also retired, I hear plenty of stories about financial institutions preying on the gullible elderly, or any other unsophisticated investor.I tell my grown kids to consider carefully where they invest, AND to get completely out of debt before worrying about investing. My daughter and her husband are intheir 40's and have their house and cars paid off, and a years worth of salary in savings. My son is working on it, but his situation is a bit more complicated as they have a lot of medical issues for one of their kids.Being debt free is very important if you are retiring soon.
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I always did what you recommend. If I had installment debt I was paying 12% on, I'd prepay as fast as I could and looked at it as a 12% ROI.
 
Fenton said:
Wait a minute, I thought Brexit was supposed to crash the worlds Stock markets and throw us into a deep depression?
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That along with the socialist policies of the Obama administration.
 
UtahBill said:
or a mirage?It took me a few years of participating in conventional investing before I started getting antsy about THEM living high on fees and commissions while WE settle for poor returns. But now I am over 70 and living well and see no need for further investment. Man, does that irritate the money men who see people like me who would rather get no return on my savings than to risk any of it just so they can "earn" a living managing other people's money. Since most of my friends are my age and also retired, I hear plenty of stories about financial institutions preying on the gullible elderly, or any other unsophisticated investor.I tell my grown kids to consider carefully where they invest, AND to get completely out of debt before worrying about investing. My daughter and her husband are intheir 40's and have their house and cars paid off, and a years worth of salary in savings. My son is working on it, but his situation is a bit more complicated as they have a lot of medical issues for one of their kids.Being debt free is very important if you are retiring soon.
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I've been steered into my fair of **** over the years by brokers and they want you to buy and sell all the time. Screw that. Low fee stock market index funds for me and when I want an individual stock I use my Scottstrade account though honestly I'd probably be better off just sticking to the index funds which is the advice I've given all my 20 something aged kids, 2 of whom are saving for retirement already.

But I hear you on getting out of debt and it's always been my first priority, makes everything so much easier. My house will be paid off in 3 years though I have enough cash to pay it off now, but the interest rate is only 2.5% and I like the extra liquidity.
 
MaggieD said:
I always did what you recommend. If I had installment debt I was paying 12% on, I'd prepay as fast as I could and looked at it as a 12% ROI.
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exactly....
Wall Street needs to stop thinking we owe them a nice living.
The Occupy Wall Street idea was wrong, we should move out of Wall Street.
Madison Ave. people should take a hit as well. I have an immunity to advertising, with an occasional lapse for certain fast food ads.
There was a book, Hidden Persuaders, that opened my eyes a long time ago.
Advertising is just propaganda....
 
UtahBill said:
exactly....
Wall Street needs to stop thinking we owe them a nice living.
The Occupy Wall Street idea was wrong, we should move out of Wall Street.
Madison Ave. people should take a hit as well. I have an immunity to advertising, with an occasional lapse for certain fast food ads.
There was a book, Hidden Persuaders, that opened my eyes a long time ago.
Advertising is just propaganda....
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Hidden Persuaders? You must be a historian.
 
Dittohead not! said:
The average American owns a part of that market, that's how.
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and sadly, the part they own is mostly within their retirement accounts. Very few of us are actually making trades on our own.
Hopefully their employee savings plans are being managed fairly. One of my neighbors worked for an auto dealership, and their employees
savings plans were "managed" into the dirt, by the dealership owner, if I am getting the story right. Good thing his wife had a job with honest
management....
 
joG said:
Hidden Persuaders? You must be a historian.
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over 70 years smart....I have seen a lot of stupid over the years, even seen a lot of history repeating itself.
 
UtahBill said:
and sadly, the part they own is mostly within their retirement accounts. Very few of us are actually making trades on our own.
Hopefully their employee savings plans are being managed fairly. One of my neighbors worked for an auto dealership, and their employees
savings plans were "managed" into the dirt, by the dealership owner, if I am getting the story right. Good thing his wife had a job with honest
management....
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Yeah, screw that ****. I contribute to my and my employees SEP-IRAs, they can manage their own damn money, I'm not taking that burden on.
 
Winchester said:
I've been steered into my fair of **** over the years by brokers and they want you to buy and sell all the time. Screw that. Low fee stock market index funds for me and when I want an individual stock I use my Scottstrade account though honestly I'd probably be better off just sticking to the index funds which is the advice I've given all my 20 something aged kids, 2 of whom are saving for retirement already.

But I hear you on getting out of debt and it's always been my first priority, makes everything so much easier. My house will be paid off in 3 years though I have enough cash to pay it off now, but the interest rate is only 2.5% and I like the extra liquidity.
Click to expand...

yes, low interest rates is a bit of a game changer. The finance people might be tempting you soon with home equity loan offers, telling you how you deserve to have a new car or boat. Be strong, my brother, be strong.

Will you have a mortgage burning party?
 
UtahBill said:
yes, low interest rates is a bit of a game changer. The finance people might be tempting you soon with home equity loan offers, telling you how you deserve to have a new car or boat. Be strong, my brother, be strong.

Will you have a mortgage burning party?
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Oh god, I get home equity offers all the time. No need as I have plenty of cash flow. I'm still living like I have 3 kids in college but without all that expense, anything I buy is just paid for. Seriously it's a bit weird but nice.

IDK if I'll have a mortgage burning party or not. It'll seem a bit anticlimactic as the last refinance (paid off my commercial property to take advantage of the 2.5%) is only taking me a little over 6 years to pay off. I'm gonna have to find something fun to do with the extra $2k/month not going towards house payments. :mrgreen:
 
My significant other, her investment company has cost her a loss of $1300.00 in the past two years .. .. meanwhile, the Dow is at an all-time high.

Despite the woefully incomplete and thus inaccurate government figures from the Bureau of Labor Statistics that suggest all is now rosy, tens of millions of America's children still go hungry and their parents, if they're lucky enough to find work, work woefully economically inadequate jobs.

The sad and scary truth of the economic misery for scores of millions of Americans is as presented here: Powerful American Political Alliance, and how to solve the causative problems once and for all is presented there too. If our choices are Donald or Hillary, we'd do well to join up and start fighting the even greater economic craziness that's headed our way.

Hyperbole like the OP is meaningless .. unless it was intended as sarcasm against the Obama administration (which I doubt).

The very few who are military leaders who take a break from headquarters to toast and celebrate and say "the war is going well" are safely and comfortably far afield from the vast majority still miserably fighting in the trenches for their very survival. Our economic hierarchy is much the same.

Our Dow today is greatly fueled by wage-slave labor abroad and international economic entities. The average American citizen is simply not benefited by the Dow being at an all-time high.
 
MaggieD said:
Interest rates are practically in negative territory. And yet!!! Credit cards are still charging 15 to 20% interest. Our gvmt has decided to prop up the market by ridiculously low interest rates forcing baby boomers to liquidate their nest eggs to pay their retirement bills. And to chase some kind of return by investing in the stock market PUSHING IT TO RECORD HIGHS. Can't have people with money in the bank, can we?

The stock market is an illusion.
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Now it has competition in the form of state lotteries.
 
UtahBill said:
yes, low interest rates is a bit of a game changer. The finance people might be tempting you soon with home equity loan offers, telling you how you deserve to have a new car or boat. Be strong, my brother, be strong.

Will you have a mortgage burning party?
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No, my wife and I just walked out of the bank and then had some lunch. Oddly, they didn't give us a copy of the mortgage. Should they have done that?
 
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