Damn what a bloodbath.   Was thinking getting back in but I think they might go down another 25% this year. 

Im completely out except for one biotech but looking for an exit on that one soon. Way too much uncertainty for me. I'm actually surprised it has held up as well as it has. Pretty sure if we actually enter a recession it's going to dive.... like 2008

Welcome to Biden's America. 

Edited May 5, 20223 yr by Badger**

1 hour ago, ViperGTS/Z1 said:

Im completely out except for one biotech but looking for an exit on that one soon. Way too much uncertainty for me. I'm actually surprised it has held up as well as it has. Pretty sure if we actually enter a recession it's going to dive.... like 2008

I highly doubt that, you won't see a recession that severe in this country for a long time. The banking industry and politicians will have to develop amnesia again some time in the future before a Great Recession ever happens again.

14 minutes ago, snoughnut said:

I highly doubt that, you won't see a recession that severe in this country for a long time. The banking industry and politicians will have to develop amnesia again some time in the future before a Great Recession ever happens again.

Maybe it won't be as bad as 2008... I got my ass handed to me then but if we go another quarter of contracted GDP..... we officially enter recession territory.

Anyone check in on snotty? hopefully he isnt swinging from a rope in his barn.

Well double digit inflation and the possibility of a major war kinda makes the markets nervous. The DOW is till over 30k which was a pipe dream not too long ago. 

Is it really that bad we were up 1000 points yesterday today it’s down 1000. I’ll start worrying if it goes below 30

Long term….

7 minutes ago, akvanden said:

Long term….

I could have made more money in the market but it wasn't worth the worry.

25 minutes ago, Anler said:

Well double digit inflation and the possibility of a major war kinda makes the markets nervous. The DOW is till over 30k which was a pipe dream not too long ago. 

It's gonna be brutal.

34 minutes ago, ViperGTS/Z1 said:

Maybe it won't be as bad as 2008... I got my ass handed to me then but if we go another quarter of contracted GDP..... we officially enter recession territory.

Umm it has the groundwork to make that look like child's play.

6 minutes ago, Snake said:

I could have made more money in the market but it wasn't worth the worry.

It’s definitely not fun looking at your portfolio on days like today. But risk = reward, or so they say.

Opening one of my 401k quarterly reports and seeing it down 6.33% in a single quarter was awesome.  Can't wait to see what they all do over the course of the next year or two.

1 hour ago, Anler said:

Well double digit inflation and the possibility of a major war kinda makes the markets nervous. The DOW is till over 30k which was a pipe dream not too long ago. 

Exactly.  Invest in companies you know are going to be around for a long time and have paid long term rising dividends.  Even when the markets are down, the dividends reinvesting are buying more shares and the income they produce goes up.  Regardless of stock price.

5 minutes ago, DriftBusta said:

Exactly.  Invest in companies you know are going to be around for a long time and have paid long term rising dividends.  Even when the markets are down, the dividends reinvesting are buying more shares and the income they produce goes up.  Regardless of stock price.

Passive index investing is currently not the way.  The bold is solid advice right now.

1 hour ago, akvanden said:

It’s definitely not fun looking at your portfolio on days like today. But risk = reward, or so they say.

Tell us what you think the markets will do over the next 12 months.

1 hour ago, ViperGTS/Z1 said:

Maybe it won't be as bad as 2008... I got my ass handed to me then but if we go another quarter of contracted GDP..... we officially enter recession territory.

It certainly wasn't an exclusive club, just about everybody got their ass handed to them, some worse than others.

53 minutes ago, ArcticCrusher said:

Tell us what you think the markets will do over the next 12 months.

Be higher than today, keep investing.

25 minutes ago, akvanden said:

Be higher than today, keep investing.

You need to be in active management now.

1 minute ago, ArcticCrusher said:

You need to be in active management now.

Your concern for my wealth is appreciated. 

I wont buy anything unless it’s on sale. SALE!

24 minutes ago, Mainecat said:

I wont buy anything unless it’s on sale. SALE!

Common sense is expensive, huh...

3 hours ago, DriftBusta said:

Exactly.  Invest in companies you know are going to be around for a long time and have paid long term rising dividends.  Even when the markets are down, the dividends reinvesting are buying more shares and the income they produce goes up.  Regardless of stock price.

You musta had a rough day today. A lot of panic phone calls, I bet. 

5 hours ago, steve from amherst said:

Anyone check in on snotty? hopefully he isnt swinging from a rope in his barn.

Actually, I was eye-ballin' the garage roof, and the chicken coop roof today, tryin' to figure out which one would be quickest. 

It's the chicken coop.  

12 hours ago, Polaris 550 said:

Actually, I was eye-ballin' the garage roof, and the chicken coop roof today, tryin' to figure out which one would be quickest. 

It's the chicken coop.  

You got any foxes messin with your chickens? Or did u shoot em all.....I almost have 1 fox eating out of my hands now. Here is a pic of 7 or 8 foxes at a time that I feed. They love some raw chicken drumsticks that I been feeding them lately.