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

  • Want to keep track of this thread?
    Accounts can bookmark posts, watch threads for updates, and jump back to where you stopped reading.
    Create account
Ridley said:
... Into what? If you've got your iodine, your non-perishable food, your guns & ammo and your banjo then what? Holding rapidly-inflating money isn't going to benefit you. The stock market is a rigged game with Nancy Pelosi as the DM. Crypto has no value whatsoever past being a pseudo-stock that is now also collapsing. Precious metals are a meme. I have my own plans but I'm curious to hear what exactly you think people should be doing. We may as well ask since you were pretty accurate in the OP.
Click to expand...
Honestly there is not much you can do at this point beyond ride it out. The time to make moves was last year. Silver is still trading a record lows right now and has started spiking recently. You can't go wrong with cash and tangible assets atm. That's what I am doing anyway
 
mindlessobserver said:
Honestly there is not much you can do at this point beyond ride it out. The time to make moves was last year. Silver is still trading a record lows right now and has started spiking recently. You can't go wrong with cash and tangible assets atm. That's what I am doing anyway
Click to expand...
at this point, the money in the market is in exploiting the volatility. Also very risky for obvious reasons, but the easy money is gone. That's where crypto is valuable. Treat it as liable to rugpull at any point, but the volatility is extremely lucrative until then.
 
This is from what I have researched on SO far in the past 30 days.

1. EXPECT your basic food items to go up another 15- 30% in price hikes. I am basing this on going to several food markets in my region. Since I live in one of the most expensive regions in the US, if not the world my data has been spot on for several years now.

2. IMHO Walmart is the last line of defense in getting cheap food (besides food banks). However even Walmart products have gone up between 30 to 50% of what it was since DEC 2021. A lot of great value GV have risen in price as well not being stocked in order to move the more expensive items.

I am not paying 6 bucks for 3 SoS pads nor am I paying 6 dollars for Clorox bleach because they are name brand items.

I have not seen this bad since 1976 as far as empty shelves and high prices.

3. Expect your heating/gas/Electric bill another 30 to 50% this coming of/during winter.

4. Expect your gas for your car to go up and then stagnate for rest of the winter. I've already seen the gas go up 70 cents from its lows since last month.

5. DO NOT BELIEVE IN PRICING IN THE HOUSING MARKET. IMHO I have been seeing some price reduction HOWEVER I am seeing some serious market manipulation going on at a feverish pitch. IMHO BE AWARE THAT THE HOUSING MARKET IS STILL OVER 20% OVERINFLATED.

And at the mortgage rate of 6.5% or higher for a 30 year loan as of this posting is double the amount for last year. So its all BULLSHIT, so be aware before you buy.

I will not buy into that load of crap. PERIOD. Which is "why" I am Rich and "they" are peddling their wares.

This is in line with my long term strategy, make money and save during the good times AND YES 2010- 2014 and 2019 were good times to make GOOD money and save. Then when the BAD times come you use your savings and your common sense to make things easier for you.

Because of the concept of long term financial planning as well as acquiring resources for long term use I have so far reduced my losses for this quarter to around 3.5% Yearly NET loss in profits. This means I'm still making a good size profit right now, just not as much as last year. The reason why I posted this comment is because you have to have a long term plan IF YOU WANT TO BE SUCCESSFUL

Short term plans just do not work in my humble opinion.

NOW IF YOU HAVE DISPOSIBLE INCOME, Like I and several millionaires and don't want to play the market, have you might want to look at the CD rates

So for every 100 grand and lets say for a year , you can get over $3250 in interest @ 3.25% APR right now.

Yea I deal in the 6 figure amounts but you already knew that since I've already shown my cash on hand as well as stating I am looking to buy a house with cash.

So lets say I did not buy that house for 300K, you are going to get a 10K return rate, or $800+ a month.
This is how the rich also makes their money, buy making the money on hand make money for themselves.

Shit its better than nothing.

Again if you have stock up on your basic needs I suggest you do so. It's going to be one hell of a winter coming up for all of us. I am and have been prepared for 2 plus years and in my case it has been paying dividends for being prepared for the worse.
 
TheRedChair said:
This is from what I have researched on SO far in the past 30 days.

1. EXPECT your basic food items to go up another 15- 30% in price hikes. I am basing this on going to several food markets in my region. Since I live in one of the most expensive regions in the US, if not the world my data has been spot on for several years now.

2. IMHO Walmart is the last line of defense in getting cheap food (besides food banks). However even Walmart products have gone up between 30 to 50% of what it was since DEC 2021. A lot of great value GV have risen in price as well not being stocked in order to move the more expensive items.

I am not paying 6 bucks for 3 SoS pads nor am I paying 6 dollars for Clorox bleach because they are name brand items.

I have not seen this bad since 1976 as far as empty shelves and high prices.

3. Expect your heating/gas/Electric bill another 30 to 50% this coming of/during winter.

4. Expect your gas for your car to go up and then stagnate for rest of the winter. I've already seen the gas go up 70 cents from its lows since last month.

5. DO NOT BELIEVE IN PRICING IN THE HOUSING MARKET. IMHO I have been seeing some price reduction HOWEVER I am seeing some serious market manipulation going on at a feverish pitch. IMHO BE AWARE THAT THE HOUSING MARKET IS STILL OVER 20% OVERINFLATED.

And at the mortgage rate of 6.5% or higher for a 30 year loan as of this posting is double the amount for last year. So its all BULLSHIT, so be aware before you buy.

I will not buy into that load of crap. PERIOD. Which is "why" I am Rich and "they" are peddling their wares.

This is in line with my long term strategy, make money and save during the good times AND YES 2010- 2014 and 2019 were good times to make GOOD money and save. Then when the BAD times come you use your savings and your common sense to make things easier for you.

Because of the concept of long term financial planning as well as acquiring resources for long term use I have so far reduced my losses for this quarter to around 3.5% Yearly NET loss in profits. This means I'm still making a good size profit right now, just not as much as last year. The reason why I posted this comment is because you have to have a long term plan IF YOU WANT TO BE SUCCESSFUL

Short term plans just do not work in my humble opinion.

NOW IF YOU HAVE DISPOSIBLE INCOME, Like I and several millionaires and don't want to play the market, have you might want to look at the CD rates

So for every 100 grand and lets say for a year , you can get over $3250 in interest @ 3.25% APR right now.

Yea I deal in the 6 figure amounts but you already knew that since I've already shown my cash on hand as well as stating I am looking to buy a house with cash.

So lets say I did not buy that house for 300K, you are going to get a 10K return rate, or $800+ a month.
This is how the rich also makes their money, buy making the money on hand make money for themselves.

Shit its better than nothing.

Again if you have stock up on your basic needs I suggest you do so. It's going to be one hell of a winter coming up for all of us. I am and have been prepared for 2 plus years and in my case it has been paying dividends for being prepared for the worse.
Click to expand...
intersting idea

but how are you factoring in crypto
 
northstar747 said:
intersting idea

but how are you factoring in crypto
Click to expand...

One of the things that the rich or the super rich will not tell you is TIME IS THE MOST IMPORTANT EQUASION when making wealth. That is why I always say... To make money is to save money, when you save money you invest wisely.

Cyrpto is taking your money and playing against the house. At my age this is definitely I would not do right now.

However if I was younger and done my research back then I would drop 1 to 3% of my portfolio into it just to see the analytics myself. I've already seen some of this with a friend who dabbles in Crypto and he's more anal than I am about money.

Again this is not for me as I am too damned old for starting another venture when the ventures that I have at this moment are making me money to live comfortably.

If you are you young and have disposable income, JUST don't put it all into Crypto. Diversify it.
 
std::string said:
The Han nationalists on Weibo scare the hell out of me. Like the minute the Russia-Ukraine stuff started they were like okay let's go reclaim Haishenwai.

Xi is good for global stability at least since he seems to be able to placate them without causing WW3.
Click to expand...
They are like the retarded convergent evolution of Twitter bluecheckmark that don't even get paid unlike the wumao.

Back on discussion with the market :
donsurber.blogspot.com

Shipping down 75% ahead of Christmas shopping

donsurber.blogspot.com donsurber.blogspot.com
"Trans-Pacific shipping rates have plummeted roughly 75% from year-ago levels. The transportation industry is grappling with weaker demand as big retailers cancel orders with vendors and step up efforts to cut inventories. FedEx Corp. recently said it would cancel flights and park cargo planes because of a sharp drop in shipping volumes."
Click to expand...

nitter.net

Matt Stoller (@matthewstoller)

Another astonishing clip from the Cato Institute event today, this one from the influential Adam Posen, head of the Peterson Institute. He says a focus on domestic manufacturing is simply a “fetish for keeping white males with low education in the powerful positions they are in.”
nitter.net nitter.net

The fetish for manufacturing is part of the general fetish for keeping white males with low education in the powerful positions they are in.
Click to expand...
I don't even.....
 
兄貴 Forevermore said:
They are like the retarded convergent evolution of Twitter bluecheckmark that don't even get paid unlike the wumao.

Back on discussion with the market :
donsurber.blogspot.com

Shipping down 75% ahead of Christmas shopping

donsurber.blogspot.com donsurber.blogspot.com


nitter.net

Matt Stoller (@matthewstoller)

Another astonishing clip from the Cato Institute event today, this one from the influential Adam Posen, head of the Peterson Institute. He says a focus on domestic manufacturing is simply a “fetish for keeping white males with low education in the powerful positions they are in.”
nitter.net nitter.net
1usnX3SbECJGFcpU.mp4

I don't even.....
Click to expand...
"People didnt care when some useless office job was replaced by a robot so its unfair they care when productive members of society go away, causing 5 year wait times for essential components for anything from generators to farming machines." "Also fuck whypipo, because we all know those lazy niggers dont work in factories."
What an astronomically retarded hot take. Does CATO stand for Cant Analyse The Obvious ?

Also really creepy out of place sexual projection/wording there. Is he jewish by any chance ?
(Yes, of course.)

bingo.PNG
Cant make this shit up.
 
Bananadana said:
"People didnt care when some useless office job was replaced by a robot so its unfair they care when productive members of society go away, causing 5 year wait times for essential components for anything from generators to farming machines." "Also fuck whypipo, because we all know those lazy niggers dont work in factories."
What an astronomically retarded hot take. Does CATO stand for Cant Analyse The Obvious ?
Click to expand...
It's a pretty infamous ultra-libertarian think tank. I assume he's talking about auto unions there. Yeah auto unions are pretty fucked up but he just comes across as "know your place, plebians."

I think the only end-to-end manufacturing that still exists in the US is all-wood furniture, and even then I assume the knobs and other things come from Asia. I know for a fact that we can't make our own clothes.
 
TheRedChair said:
If you are you young and have disposable income, JUST don't put it all into Crypto. Diversify it.
Click to expand...
Honestly this is good advice. Getting some exposure to crypto is a good idea if you can tolerate the fluctuations that happen every 3 or 4 years in crypto. And if you can consistently invest in it.

But don't invest money if you're in debt, if you might need that money in the near future, and don't put all your eggs in one basket.
 
“I’m not concerned about the strength of the dollar, I’m concerned about the rest of the world. Our economy is strong as hell.”

-Joe Biden while eating an ice cream cone
 
Samuel Hyde said:
Honestly this is good advice. Getting some exposure to crypto is a good idea if you can tolerate the fluctuations that happen every 3 or 4 years in crypto. And if you can consistently invest in it.

But don't invest money if you're in debt, if you might need that money in the near future, and don't put all your eggs in one basket.
Click to expand...
Aren't they supposed to start taxing the shit out of crypto? I'd rather spend it on ammunition, after all, I can still shoot it eventually.
 
兄貴 Forevermore said:
Aren't they supposed to start taxing the shit out of crypto? I'd rather spend it on ammunition, after all, I can still shoot it eventually.
Click to expand...
They can always try. The IRS still has an outstanding bounty for monero. They want to find out how to track transactions very badly but nobody has gotten the money from the IRS. And even if they theoretically had an exploit they aren't going to use it on us. Once the word is out that Monero is unsafe everyone will drop it and move to ZCash or Tezos or something other currency that has private transactions.

Bitcoin is not private though. Anyone who tries to tell you the opposite either hasn't got a clue or is trying to trick you.
 
MMRI is in the 300s. Extreme risk.
Screenshot_20221021-081915_Bromite.jpg

MMRI - Mannarino Market Risk Indicator

Discover the power of the MMRI - a proprietary market analysis tool developed by financial analyst and trader Gregory Mannarino. Learn how the MMRI uses the DXY and US10Y to calculate a risk score for the stock market, and how it can help you make more informed investment decisions. Real-time...
www.mannarino-market-risk-indicator.com www.mannarino-market-risk-indicator.com

Edit: Greg Mannarino has been harping on about having some cash in hand in case the debt market locks up and theres a bank run. Probably $1k idr.
 
Last edited:
Well I'm a retard and my investing money has just been sitting in index funds for a while. I feel like I shouldn't touch it, and just let things settle over the next 5ish years. But, if I pull it and eat the loss, I could at least reinvest when things drop harder. Thankfully I have enough cash that this isn't about starving, and purely about minimizing how hard my shitty normie portfolio gets raped. There's the weird psychological component that if I don't do anything to it, and it ends up badly, it's not my fault, but if I touch it and it goes badly then I did something wrong.
 
Remember my Chernobyl analogy? The massive amounts of debt and government spending have poisoned the core.

The Federal Reserve and the US government did this assuming they had a fail safe. Yes free debt and spending would cause inflation. But all they had to do was raise interest rates! Problem solved. All the poors would have their debts called in and all that free money would be sucked out of the economy.

But alas, not in the scenario created by our fearless leaders. Because the US dollar is not a free floating currency. It's the global medium of exchange. Which means it was not just US citizens and companies taking advantage of the free money. So when dollar inflation hit double digits even as economic growth contracted, the Federal Reserve hit AZ-5. They raised interest rates to stop the reaction.

But the inexplicable is happening. The value of the dollar is increasing massively, the value of all other currencies is collapsing. This is becajse all those dollar denominated debts around the world need to be paid for with dollars, and dollars are in increasingly short supply.

With horrific knock on effects already manifesting. Such as the collapse of the UK government. Worse, the US Dollar is becoming over valued as everyone around the world bails out of their native currencies to the medium of exchange viewing at a safe place to park their assets. Further exasperating the acceleration of the US Dollar.

Far from putting the brakes on the inflationary spiral, the recent interest rate hikes have set in motion a chain reaction that cannot be stopped. Inflation is going to accelerate. The value of the dollar is going to increase, even as more and more companies and governments fail at servicing their dollar denominated debts.

This economic reactor is melting down. It cannot be stopped.
 
Facebook took a beating in the 8 days we were gone. Like a 20% drop or so.

Some articles:

>Homes

Americans' Savings Rate Plunges Near Record Lows As Inflation Overwhelms Income Growth | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com
finance.yahoo.com

US Mortgage Rates Soar Past 7% for First Time in Two Decades

(Bloomberg) -- Mortgage rates in the US crossed 7% for the first time in more than two decades. Most Read from BloombergMark Zuckerberg’s Wealth Wipeout Hits $100 Billion as Meta Misses AgainNew Covid Boosters Aren’t Better Than Old Ones, Study FindsMusk Tells Twitter Staff He Doesn’t Plan to...
finance.yahoo.com finance.yahoo.com

Without Easy Money From The Fed, Home Prices Will Keep Falling | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

US Pending Home Sales Collapsed In October, Weakest Since 2010 | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

Home Prices Plunge Most Since 2009, Pulte CEO Fears "Financial & Psychological Hurdles" Ahead For Homebuyers | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

 
I'm looking forward for the global trainwreck the moment the mid terms are over. The last year was a game of hot potato to try to keep the economy from imploding until the next presidential elections, and now the Democrats are seemingly doomed without massive amount of cheating. There is no way the Democrats will not detonate the economy if they lose the midterms to try to either punish the chuds, or try to go full dictatorship.
 
wtfNeedSignUp said:
I'm looking forward for the global trainwreck the moment the mid terms are over. The last year was a game of hot potato to try to keep the economy from imploding until the next presidential elections, and now the Democrats are seemingly doomed without massive amount of cheating. There is no way the Democrats will not detonate the economy if they lose the midterms to try to either punish the chuds, or try to go full dictatorship.
Click to expand...
Blackrock thinks all hell is gonna break loose after the midterms.
www.marketwatch.com

Stocks usually do well after the midterms. Not this time, forecasts BlackRock

Watch out as politics increasingly focuses on the Fed's rate hikes rather than inflation.
www.marketwatch.com www.marketwatch.com
 
You must log in or register to reply here.
Back
Top Bottom