Remember the financial preacher we had here on the board when Obama was president and he would hold sermons about how the economy was going into a depression and tons of posters here said that they sold all of their stock and liquidated their retirement plans?
Good times.
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Yeah, we also had AvergBear spouting about how gold was at $3000/oz and was going to skyrocket to $8000/oz. It was time to get out of stocks and buy gold!!
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gooddad409:
W_and_C:
Some volatility is to be expected at times but if you play the long game, market always ends up growing in the long run.
This time though, I needed to liquefy for a down payment and got super lucky by selling everything Thursday morning
Exactly. I kept buying in 2008 and did quite well with that stock. Since i am retired now i eventually sold a good bit of it and put it in the bank. Itās available for a rainy day.
I kept just enough stock to play with a little.
That is solid financial planning.
CaughtInTheMiddle:
Closed today at 25,718. I think tomorrow it gets back above 26,000 and probably stays above there for awhile.
It could be back above 27,000 fairly soon too I guess??
It was about at the same place it is now on ~ 1/9/18 (around 18 months ago).
Its time to get that Dow back to 26K again!
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DougBH
February 27, 2020, 9:07pm
28
CaughtInTheMiddle:
Closed today at 25,718. I think tomorrow it gets back above 26,000 and probably stays above there for awhile.
It could be back above 27,000 fairly soon too I guess??
It was about at the same place it is now on ~ 1/9/18 (around 18 months ago).
Why get the DOW anywhere? Long term important is the condition of our economy. Just ignore the panic and the over optimism that runs the short term DOW. Invest a little at a time. If the world isnāt coming to an end, it will work out.
Is this the part where GOP ensures us the POTUS has little control over the stock market?
conan
February 27, 2020, 9:10pm
30
Yepā¦libs got their economic miracle. Look at em gloatingā¦
Geez, how many times is this going to be repeated today?
conan
February 27, 2020, 9:12pm
32
As many times as needed. Iāll stop when libs quit gloating.
Adam
February 27, 2020, 9:30pm
33
Trump is the one thatās been pushing the DOW numbers so much because the GDP growth(the actual condition of the economy) has been just okay.
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Back up almost 1300 pts today. Premature gloating by dems again.
Imagine that, a 1,293 point gain in one day, and not a single lib celebrating.
Better luck on next monthās Recession Thread.
SixFoot:
Imagine that, a 1,293 point gain in one day, and not a single lib celebrating.
Better luck on next monthās Recession Thread.
If one didnāt know better one would think they hate Trump wayyyy more than they love their country huh?
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Bet these threads light back up at the slightest chance of another dip.
Absolutely! From crickets to air horns and sirens.
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Because the Dow means country. Lolol
This is great freaking news. That fall off was way too crazy.
Ya who would want to talk about the largest weekly drop in the DOW since 2008 as its happening