Stock Market is ROCKING

[HoughMade]

Retail results were pretty disappointing. Walmart dropped from over $148 Monday to $123 today. Target is down almost 28% or almost $60 today.

This is how inflation ends...eventually.

 

[DoggyDaddy]

This is how inflation ends...eventually.

Not with a bang, but a whimper (hopefully).

 

[Scuba591]

Since Jan. I am down 120k. I long hauled strategy 10 years ago. All those gains are gone. And I'm older...

 

[Onebad06vtx]

Its all Trumps fault!
Biden is a lying pos,cheats to win a election,places blame on everyone else.
Most votes ever my a$$

 

[HoughMade]

Not with a bang, but a whimper (hopefully).

Agreed....the medicine is often pretty painful when so many bad decisions were made that got us depp into a mess.

 

[tscherry70]

I've lost quite a bit, I'm thinking of hedging against further loss by buying up a small warehouse of single malt scotch in barrels with what's left. After the crash, I can get rip-roaring drunk, and barter for everything else.

 

[armalitesheepdog]

not a financial adviser, nor do I play one on TV.

Don't panic sell. It's going to bad for a while. Just buckle up.

Good advice.
Thats almost always a bad move

 

[NyleRN]

I don't mind so much right now. I'm getting ready to convert a crappy annuity I got suckered into years ago into a Roth IRA. Any temporary loss in value helps lower my tax liability on the conversion.

If this keeps up much longer I'll be converting my traditional IRA over to my ROTH

 

[MCgrease08]

Just remember that this is the time to be buying. Everything is on sale.

 

[smokingman]

I was looking at lumber futures. July is less than $750, it was $1000 a few months ago. They are down, and predicted to be even further down next month. The distributors simply are not contracting for wood anywhere near the normal level. I don't believe it is just transportation costs. This is spring, the best time to start framing up subdivisions full of houses. We keep hearing about a housing shortage. Something is not right. Someone knows a big crash is on the way.

I am sure it has nothing to do with the 18.7% tarrif Biden had put on lumber imported from Canada.

| Engineering News-Record

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www.enr.com

 

[spencer rifle]

If this keeps up much longer I'll be converting my traditional IRA over to my ROTH

Be careful of the tax implications. If you convert too much you will kick yourself into a higher tax bracket.

 

[1nderbeard]

Be careful of the tax implications. If you convert too much you will kick yourself into a higher tax bracket.

If this keeps up much longer I'll be converting my traditional IRA over to my ROTH

Both good things to consider. Call your CPA first.

 

[Leadeye]

Wonder if they will consult the book of Volker. Flailing madly after the fact seems to be the Biden administration pattern.

 

[***Ironhead***]

I rolled my retirement into cash before

Many things come to play in the equation. My main one is my age and the amount I have in my IRA account. So, yes! I sleep well at night now

So now what? How will you know when to get back in the market? I assuming you are older with your statement. I say this because if you are working and contributing this is the time when you buy low with the expectation the market will recover and make nice gains. I am retired and have lost a lot in theory as well, just like I gained a lot as I was working. I am unsure what to do but the thing I have learned is stay the course.

 

[74 or more]

$ is being devalued so invest in tangible things For Sale. Blow Art $500,000. by Hunter Biden all sales will be kept confidential

 

[churchmouse]

I was looking at lumber futures. July is less than $750, it was $1000 a few months ago. They are down, and predicted to be even further down next month. The distributors simply are not contracting for wood anywhere near the normal level. I don't believe it is just transportation costs. This is spring, the best time to start framing up subdivisions full of houses. We keep hearing about a housing shortage. Something is not right. Someone knows a big crash is on the way.

When its time to strip the cream off the milk and run....

 

[churchmouse]

Retail is being hammered, tech has been hammered for a while now. Housing crash right around the corner. I wouldn't be surprised at this point to see $6 gas. Everything from Twitter to baby formula is being exposed as corrupt. How many illegals in just the past year? If you can't see this as being don't on purpose by the Dems then you can't see anything. And no, both parties aren't the same. They both suck, but they aren't the same and the Dems are by far the worst cult organization maybe in history.

Pretty close.......

 

[mbkintner]

Just remember that this is the time to be buying. Everything is on sale.

Love a good sale!

 

[BugI02]

Thinking bottom will be around 3500 or just under for the S&P

 

[semperfi211]

Joe will be on the tube soon to explain how it's all the result of racist super maga.

And that guy in Russia um um you know the one.