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US stocks poised for their biggest two day wipeout in history as market loses 9.6T since inauguration day

phoenix2020 said:
I’m glad I began moving out of these securities back in December. This week was painful but it could have felt 300% worse.
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Yeah, we’ve take a pretty substantial hit, but we positioned a while ago so it wasn’t nearly as bad as it could have been.

Still makes me sick to see though because it’s completely unnecessary.
 
Geoist said:
Yup, a lot of innocent people getting hurt.
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Some not even realizing just how bad at this juncture.

I happened to log into our accounts yesterday because we had to go and get taxes for the year done so I needed to print out statements.

Wrong day to have logged on and seen what was going on 😂. I didn’t want to look…but had procrastinated on printing out what we needed. 😂🙄
 
What's the Marxist perspective on Trump's manipulation of American "victimhood?"

Richard Wolff has this opinion:



"It was never foreigners who did it to us, this notion of the United States as a victim.

"We have been one of the greatest beneficiaries in the last 50 years of economic wealth, particularly for people at the top, just like him.

"It has nothing to do with foreigners taking advantage of us.

"This attempt to make himself strong and powerful relative to others, to blame the foreigner, these are cheap shots that a real president wouldn’t do.

And there’s the most important point.

"The American economy is in trouble.

"The American empire is in decline.

"We don’t want to discuss it in this country.

"We engage in denial.

"And instead, we are striking out at other people — a sad way of handling a decline."
 
BirdinHand said:
Some not even realizing just how bad at this juncture.

I happened to log into our accounts yesterday because we had to go and get taxes for the year done so I needed to print out statements.

Wrong day to have logged on and seen what was going on 😂. I didn’t want to look…but had procrastinated on printing out what we needed. 😂🙄
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BirdinHand said:
Some not even realizing just how bad at this juncture.

I happened to log into our accounts yesterday because we had to go and get taxes for the year done so I needed to print out statements.

Wrong day to have logged on and seen what was going on 😂. I didn’t want to look…but had procrastinated on printing out what we needed. 😂🙄
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After I saw half of my portfolio wiped out in 2022 I said " no more" and I became a trader going forward. 😆

Of course, trading isn't for 90% of us. You have to be pretty obsessed with charts and technicals for it to work out.
 
Hari Seldon said:
Thank your local magidiot for voting in the malignant narcissist scumbag piece of shit liar grifter rapist seditionist felon serial adulterer and tax cheat.
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You would not have voted for the the malignant narcissist scumbag piece of shit liar grifter rapist seditionist felon serial adulterer and tax cheat if you lived here?
 
Geoist said:
After I saw half of my portfolio wiped out in 2022 I said " no more" and I became a trader going forward. 😆

Of course, trading isn't for 90% of us. You have to be pretty obsessed with charts and technicals for it to work out.
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It’s definitely not for me.

Nope.

I had myself a small panic attack just watching while I was in accounts to print statements.
 
BirdinHand said:
When I looked, it was a $130K loss.

I haven’t had the stomach to look again.

(We don’t manage the portfolio and our guy is really good…so I’m just gonna sit over here and pretend I didn’t see what I saw and trust our guy. But yeah…that’s a kick in the teeth)
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I have always been a firm believer in being the first one to panic.

2d week of November, I moved everything into European weapons manufacturing. It's done very well.

The fund I was in prior to that is at the bottom of a smoking crater right now.
 
Right now corporations all over the world are having c-suite meetings with one agenda item: what is the most number of people we can lay off and still function?
 
Luce said:
I have always been a firm believer in being the first one to panic.

2d week of November, I moved everything into European weapons manufacturing. It's done very well.

The fund I was in prior to that is at the bottom of a smoking crater right now.
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I've stayed put. So I won't even look at my portfolio until the smoke clears.

I'm a patient investor. I rode out the covid crash without touching anything.
 
Allan said:
Right now corporations all over the world are having c-suite meetings with one agenda item: what is the most number of people we can lay off and still function?
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Yeah, that's a bad move, but it appeals to people who are constrained by the next quarterly P&L.
 
Allan said:
I've stayed put. So I won't even look at my portfolio until the smoke clears.

I'm a patient investor. I rode out the covid crash without touching anything.
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You're at the point now where you're gonna have to hold for a LONG time. I hope you aren't retiring any time soon.
 
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