Stock Market Down. How is This a Good Thing?

originally posted by: Chance321

originally posted by: Rob420
In my opinion it's a good thing I see the orange full flipping out being he based his presidency on the market so I laugh everytime it falls

Yeah, I know it's hilarious watching peoples pensions and retirement funds taking a beating. All because Trump bad.

The experts on TV are saying the damage has been done. The market is never coming back. Next stop, a devastating recession!

originally posted by: carewemust

originally posted by: Chance321

originally posted by: Rob420
In my opinion it's a good thing I see the orange full flipping out being he based his presidency on the market so I laugh everytime it falls

Yeah, I know it's hilarious watching peoples pensions and retirement funds taking a beating. All because Trump bad.

The experts on TV are saying the damage has been done. The market is never coming back. Next stop, a devastating recession!

There's some that just because of who is in office would rather see this country a smoking ruin. Glad my feeling in the earlier post was right, that the stocks would make a come back. Now lets just see how strong it is, see if last week was just a quick panic drop and things will just settle in.

a reply to: TheRedneck

you hit the nail on the head so hard the hammer broke.

china has a stranglehold on most of the worlds rare earth minerals, they have mines all over the world, in africa they build infrastructure in exchange for exclusivity to the minerals under their feet.

Today was the largest single-day Point gain for the Dow Jones Industrials in stock market history!

mobile.twitter.com...

a reply to: carewemust

You're confusing Gain and Manipulation with Real Growth... of which there has been none. Any blip in trade is also down to Panic Buying and again NOT GROWTH.

originally posted by: Slichter
Stocks are the investment choice of only about 10% of the population...

Where are you getting your numbers from? If you own an IRA or any type of retirement fund the chances are nearly 100% you own issues.

a reply to: AugustusMasonicus

40% of Americans don't have $400 in the bank.

Federal reserve source..

money.cnn.com...

The wealthy live in their own little world where stocks make sense.

a reply to: Slichter

That still doesn't support your 10% number.

a reply to: Slichter

www.acorns.com... oCltgQAvD_BwE

A couple of tips for young would-be investors.

Don't waste your money on nonsense. Start small (Acorns will literally let you *start* investing using your spare change!), avoid bad habits if you can, create a budget and stick to it, reinvest half of every raise you get/make, don't replace consumer electronics just because a new model is out (my phone is four years old, my car is a 2005 model), learn to appreciate the laws of compound interest (your investments *really* take off after the 25th year and OMG after 35 years!), delay at least some of your gratification.

Remember that in the end, nothing can be done for people who refuse to do anything for themselves.

originally posted by: AugustusMasonicus

originally posted by: PublicOpinion
And I thought we were talking about the stock market? The one place that produces nothing but QE?

Sounds like the very stable genius God emperor wants to make quantitative easing look like a joke, he said we need to be a leader in having low rates like Japan who has a negative rate.

You know how this works in politics: it's his market now, hence it's boom can be nothing but his baby alone, even if it was just more of the same old artificial hype.

*trumpets & fanfares*

However, I don't think it's a bad idea to have banks pay the gubbermints hefty fees for parking their money in central bank accounts, at least for now. I would look at it as damage control for a failed policy, it's better than nothing but QE.

Why use negative interest rates?

Nothing like the government loaning money at a loss to prop up the stock market. Bigly winning if that happens.

That's what we're effectively doing with QE for some time now, which is why I'd say an UBI would be way more effective if all this money really was meant to boost the economy. But... ya know... WTF do we know anyway, right?

a reply to: AugustusMasonicus

50% of stocks are owned by 1% of the population, I can go hunt the link if you really need it.
I've been watching the EFFR for a while now these numbers are pretty stable.

apps.newyorkfed.org...

Powell sounded really concerned today, he was honest we don't have any ammo for the recession now.

originally posted by: Slichter
50% of stocks are owned by 1% of the population, I can go hunt the link if you really need it.

Please do, however that still doesn't support your claimed figure above.

a reply to: 0zzymand0s

delay at least some of your gratification.

Remember that in the end, nothing can be done for people who refuse to do

I agree with everything you said regarding investing.
I just wanted to add, please don't become such a scrooge that you don't enjoy a nice dinner out, a vacation every now and then, a good pair of shoes etc. What I'm saying is that saving is great, and everyone should be responsible, but don't take it too far.

originally posted by: Thecakeisalie
a reply to: TheRedneck

you hit the nail on the head so hard the hammer broke.

china has a stranglehold on most of the worlds rare earth minerals, they have mines all over the world, in africa they build infrastructure in exchange for exclusivity to the minerals under their feet.

You know who has rare earth minerals?....... North Korea.
In addition, I truly believe they are sitting on a gold mine. I watched a documentary where a bunch of people that escaped talked about living at the bottom of a mountain. They talked about digging and they could easily find gold right in their backyards.... makes you say hmmm....

a reply to: AugustusMasonicus

This link supports my claim that the stock ownership demographics have been changing in a way that leaves a much smaller percentage of the population exposed to price events.

finance.yahoo.com...

Can you extrapolate or is that beyond your math skills?

originally posted by: Slichter
Can you extrapolate or is that beyond your math skills?

Nothing about what you claimed when you said only 10% of people own stock. Is that beyond your math skills to understand?

Most of us aren't worried about the market. That's the joy of the market put yourself into it don't let someone else. Those that find the drop funny is because they have nothing to lose and therefore nothing to gain. The kind of people that any little setback is the end of the world.

Just keep moving forward.

a reply to: AugustusMasonicus

Thanks for confirming..

originally posted by: Slichter
Thanks for confirming..

No problem, you're not the first person who made a claim and then bombed out trying to prove it.

10% stock ownership, LOL, nice try.

a reply to: TheRedneck

Today the Fed cut rates and the market plunged again. That's because I think Powell is bending to Trump's will and Trump is ignorant as to why the stock market down.

You pointed to the reason in your post. Nothing is moving out of China. China's factories were closed down for weeks trying to contain this outbreak and its thrown a lot of things into a tailspin. The market is down because there simply isn't any supply to feed the demand. And when it comes to supply and demand, if business don't have any product to sell then they aren't making any money.

China's influence definitely needed to be blunted. Although, Trump could have gone about it a bit more strategically and given businesses a heads up so they could move manufacturing out of the country like they have started to. The tariff's caused that move.

This cornavirus outbreak hopefully is the wake up call that the world's economy relies way too much on China and it's time for companies to start manufacturing their goods elsewhere. Unfortunately though, that's going to come down to cost and demand. And this is also where Trump screwed up.

Instead of seeking help with his trade war on China, he decided to threaten tariff's on the countries that we needed to put the needed pressure on China to shift the dynamics of the global economy.

When it comes to Africa and rare earth minerals, this has been known for years and nobody seems to give two craps about Africa despite their vast natural resources. China is exploiting them to their own benefit, giving them huge loans to build cities and whatnot while pillaging their mineral wealth.

There might be something in the history books as to why more countries aren't more interested and involved in helping African countries develop their economies. But Africa continues to be a missed opportunity when it comes to building future geopolitical influence.

Stock market being down is definitely a good thing for folks who buy stocks though. It's like a fire sale right now it's just figuring out where the bottom is. I read earlier today how China is running at 90% right now, so we'll have to see what happens.