Current issues with the market - Any ideas on avoiding the end?

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A few things to keep in mind to survive and make some money during this recession / depression
  1. Keep a cool head
  2. Keep your job
  3. Keep investing
  4. Don' t panic / fear sell.
 
The 10 year yield is hovering around 3.3-3.4% with abkut 15 mins til opening.
 
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Possible breaking news


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tehpope said:
They can influence people from calling it a recession. They'll just have their MSM stooges say any news of a recession is fake news, a conspiracy theory, etc. Then officially say it is after the midterms so people can't take back their vote. Disregarding the fact it looks like a red wave this fall.
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Man I wish I saved it but I could have sworn there is already an article about how the American's citizen's pessimism is the real reason we're having an economic downturn. That and that journo who ranted on twitter about how the recession is fake news comes to mind.

They're really gonna try to gaslight us on this from every angle...
 
tehpope said:
A few things to keep in mind to survive and make some money during this recession / depression
  1. Keep a cool head
  2. Keep your job
  3. Keep investing
  4. Don' t panic / fear sell.
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I at least got everything but step 2 secured since as soon as things started going bad I started to scrape together a "dip fund" where I got enough to automatically invest a set amount the next 12-18 months spread between what stocks/funds I currently have.
Might make small adjustments every quarter but I'm gonna try and largely ignore it by pretending I used the money on alcohol or something stupid.
 
I am so glad most of my money is in commodities. It was tough to take the volatility but it paid in the end. Anyone holding US equities is getting pummeled twice by inflation and the bear market. My holdings in EM aren't doing so well, but I expect they'll outperform in 2023, so I'll continue to gradually buy and hold. (I mentioned all this in my previous post here.) I'm selling commodities since they're quite expensive now and I want to cash in. I need dry powder for equities once they're sufficiently cheap. I do not think we're at the bottom for equities.

I expect we're going to see this pattern: the inflation numbers come in, they're too high, market goes down in anticipation of increased rates, fed raises rates, maybe market recovers a bit, repeat until inflation is under 4%.

Recession won't be real for most people until they start losing jobs. 2023 is going to be tough for anyone who rushed to purchase a house but no longer has a job. Higher rates means government cant borrow as much so they have to cut spending, which means industries that rely on government contracts must also cut. It's projected Republicans will retake congress and they're always happy to do the thing, but it doesn't matter who's in charge; the numbers are what they are. Higher rates means a damper on reckless borrowing and spending. We'll likely see some nasty surprises of fraud being uncovered as the economy slows.

People involved with cryptocurrencies are going to get punched first, and the first punches are always the hardest. If you're doing the HODL, you're a lot braver than me.
 
the fall of man said:
$TZA and $SQQQ if fuck da police

$SARK calls if fuck da police but you really want the schadenfreude of watching Cathie Wood fail for buying shitcoins and Tesla
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I kick myself for not buying $SQQQ a couple months ago.

America could devolve into a balkanized hellhole run by warlords and $TSLA would still moon for some fucking reason. Nevertheless Cathie did her job trotting out equities that were going to tank. They're are a lot of plain people out there who take tips from the media, the poor souls.
 
Save the Loli said:
If I'm reading things right, we're in the absolute worst phase of getting a home mortgage since the housing prices haven't totally sank yet but the mortgage rates are much higher.

Buy gold and silver. The price of gold probably won't fluctuate much more than 10% and price of silver not much more than 20%. I would wait to see a sudden tumble in the market like the other week when silver was down around $20 and gold was around $1,800. These are temporary dips but great times to buy in. Note that buying in now is actually better than buying in over the past year given the prices.

Only other option is buying crypto and hoping the line goes up enough so you can trade it in for gold and silver. Just remember that gold, followed by silver, will be by far the most stable assets in the next few years while crypto will never be a stable asset.
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When you talk of buying gold are you talking about buying actual gold coins and things or something else? And if you're talking about physical gold, how exactly do you sell it when the time comes?
 
Seanut Arbuckle said:
Man I wish I saved it but I could have sworn there is already an article about how the American's citizen's pessimism is the real reason we're having an economic downturn. That and that journo who ranted on twitter about how the recession is fake news comes to mind.

They're really gonna try to gaslight us on this from every angle...
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I think there's still a lack of hope in much of the de-industrialized areas like the rust belt. Lots of the old railroad towns went to shit even outside of there and every time I drive by I see meth and heroin addicts galore and just those "dead" eyes. Trump, for better or for worse had his finger on this pulse and was able to levy it into anger which got him into to the White House.
Drugs like those are either for the insanely wealthy (See Hunter and co), or those who see no hope (Opium wars China, current day Libya, etc). At least in my opinion.

Back to your scheduled programming:
1. Lift Development Restrictions on Federal Lands and Waters
2. Designate Critical Energy Infrastructure Projects
3. Fix the NEPA Permitting Process
4. Accelerate LNG Exports and Approve Pending LNG Applications
5. Unlock Investment and Access to Capital
6. Dismantle Supply Chain Bottlenecks
7. Advance Lower Carbon Energy Tax Provisions
8. Protect Competition in the Use of Refining Technologies
9. End Permitting Obstruction on Natural Gas Projects
10. Advance the Energy Workforce of the Future
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Blood upon the waters then the sharks will circle.

I don't want to hear anymore of these lies about reckless spending. We're changing people's lives! - Joe Biden
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Oh boy, that's a bold move cotton.
 
PFM said:
When you talk of buying gold are you talking about buying actual gold coins and things or something else?
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Yes, actual gold and silver, like those nice coins with CWC's face on them. I suggest everyone keep a good stock, like 10-15% of your assets should be in PM.

I have heard that as a proxy for gold/silver, investing in mining companies can be worth it, but have never done that and in today's market would wait before investing.
PFM said:
And if you're talking about physical gold, how exactly do you sell it when the time comes?
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I wasn't ever planning on selling it--it's a long-term investment after all and will ideally outlast me. But if I had to, then I'd probably call around to local PM stores
 
Well, if anything is true it's that how you behave in the upcoming shitstorm that defines you as a person in your near future. Tell me, how do you feel?
 
Retink said:
Well, if anything is true it's that how you behave in the upcoming shitstorm that defines you as a person in your near future. Tell me, how do you feel?
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Been doom prepping since last year. The nice part about being a pessimist is that you are pleasantly surprised or pleasantly smug. This is fine.
 
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