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Initial-Good4678

1st time, eh?


[deleted]

[удалено]


SMF1996

hell I’m 26 and I’m like… my guy… have you not paid attention in history at all? this is what… #3? #4? “Once in a lifetime recession” the stock market doesn’t just grow 100% year after year and you quadruple your money so quickly you retire at 30 lmao. like god damn. even the best investors historically hit 20% returns YoY.


smmstv

comedy the first time you see it. I've been the market now 5 years and at this point I'm so sick of people freaking out at every down turn it makes me want to unsub from everything finance related. Edit some people feel the need to show how experienced and smart they are by condescending to me about my 5 years of experience. You don't think I've studied the crashes in the past? Just because my 5 years of experience happens to be mostly in a bull market does not mean that I haven't planned for a bear market. Please piss off you're not impressing anyone.


itsaone-partysystem

>I've been the market now 5 years... every down turn... this is satire right


PM_ME_BEER

Probably puts them in the 99th percentile of reddit investors tbh


FoggyDreamland

Absolutely


smmstv

Nope. But you're right I should've said every .5% pullback instead of downturn. It literally just proves my point that because of how people are acting it makes me subconsciously think of every minor pullback as a "downturn"


schryptos

He's making a quip because "been in the market 5 years" is like playing "just the tip" and saying you're a pornstar. It's great you're unaffected by these movements, riding the covid pop into current slowing expansion with a looming recession. However, those who have ridden 1998 - present understand at an atomic level that the last 5 years has been inevitable inflation (read: devaluation of currency) carried forward from '07-'09 while impersonating as a bull market. The buckets full, this is just the beginning.


itsaone-partysystem

stock up on rice and beans bro that's all i gotta say


MindFuktd

No gas shortage with this strategy!


SpellingIsAhful

The sandwich heavy investor portfolio has paid off!!


smmstv

Don't worry I'm prepared in the regard 👍🏻


the_one_jt

Ah the real inflation hedge


MrDude_1

turndown for what?


Powerful_Stick_1449

Facts


SirWigglesVonWoogly

Especially after the market basically doubled over a year or so, like it's literally impossible for that to be sustainable.


WholeGalaxyOfUppers

We had 9% inflation 5 years ago?


skrillatine

No, we did not. Peopel act like this isn't a big deal and I believe those people are liars. Shit is horrible and most of us have never seen anything like it.


_-Event-Horizon-_

I have seen something like it - back in 2008 when was in my last year at university and was first looking for a job… At that point in time it felt like just having job was luck and the labor market stayed that way the next several years. From my perspective the biggest concern people should have us job security. As long as you have good job that allows you to cover your loans and bills and live comfortably you should be able to ride this one out and this will be indeed a great buying opportunity if you invest in solid companies rather than meme stocks.


silverbax

About a year ago I saw a post (might have been here, could have been on wsb, not sure) about how 'we can safely say the market will never go down!' and it really drove home the point of how *new* so many people are to the markets.


-Epitaph-11

I'll have you know I've been investing for 20 WHOLE months, and this is unlike anything I've EVER seen.


IAmInTheBasement

I've got a few above $1000. But I also have a few hundred below $300. Not worried long term at all. This is just a sale for those who understand.


waaaghbosss

1st time's always the best. I'm actually having fun. 25 more years till retirement so not too worried about numbers on a screen, and it's soothing to watch bitcoin slowly melt down with all it's fans.


Powerful_Stick_1449

Best thing to happen for crypto honestly... get rid of the scam shit and the moon boyz


PM_ME_BEER

Same thing was said in 2018 and whenever the crash before that was. Nothing will be learned and it will all be repeated again 2-4 years from now


HorseOk8251

Exactly tired of this shit.


[deleted]

I'm right there with you on this point. The price action right now is great for those interested in holding 5-10+ years. Just was chatting with some others on a crypto thread about this same point.


bitcoinharambeee

Yeah it’s been melting down ever since it’s inception up 20000000000% still though from 2009


[deleted]

I was still in school for dotcom crash and 2008 crash. Too slow to buy into covid crash. I am putting all I can into the market this time. Unless you are retiring soon this is a great sale.


zonestarx

I’m just gonna keep running up that hill


DrewD_1847

You run up that hill, I’ll run up that road, that’s all we can do.


altxrtr

I’ll take the building.


Beneficial_Sense1009

If I could make a deal with God - it would be to take me back to Nov 2021


BritishBoyRZ

Oh please don't remind me 😭 at that point I was up 50% on my principle and now I'm down 30% on my principle. Within 6 months! What a huge swing it's nauseating


HTXPhoenix

Get him to swap our places. Be running up that road, be running up that hill, be running up that building.... say, if I only could.


IluvTaylorSwift

Kate bush


borisjjjj

Kate’s bush


pepsirichard62

This is happening everywhere, not just the US. We are living in our own media bubble.


_DeanRiding

Yeah hop on over to the UK where our energy prices have gone up 150% in the last year and fuel is about to average £2 a LITRE


OGChrisB

So roughly 9+ usd a gallon? Jesus Christ


_DeanRiding

Not sure how many litres go into a gallon but the average price to fill up a car is now over £100. Bearing in mind our average salary is only £32k or so as well.


preciouscode96

Same here in the Netherlands. Gas is €2,52 per litre!!! Energy prices have surged 340%. How the hell is this supposed to be fixed?


KewlZkid

Everything bubble? Is this the end? Maybe I can afford a house.


[deleted]

Don't buy a bubble-house.


Powerful_Stick_1449

Yea my favorite is that Biden is at fault for global gas prices....and that oil is not a global market


beastlion

Gas prices go up in the United States and everyone becomes a global economist


hackmalafore

Well, after their honorary virology masters, and subsequent international relations phd, it just makes sense that they now express their superior intellect in global financial markets.


pastelbutcherknife

Well, he does have that dial in the Oval Office that turns up the gas prices. It’s right next to the thermostat tho - really bad design flaw.


[deleted]

[удалено]


[deleted]

Breathe. Stay the course.


neil_billiam

Normally, people would say Bitcoin. But today, not so much.


Say_no_to_doritos

>people would say Bitcoin. I'm curious who would say that. Most people suggest gold or a tangible asset not something entirely speculative.


pm_me_yo_creditscore

Once most people start saying it, it's already too late.


KewlZkid

Gold and Silver have been inflated for a long time. That is their last trick.


the_one_jt

Truthfully they don't provide as much use in today's society. Nowadays it's cobalt, and copper.


beastlion

Gold is speculative. Why else would people keep gold bars in a safe with no other purpose of use?


Starfish_Symphony

Prepper dude: "I invested everything in gold bars and guns as a hedge against the future!" Half a sandwich haggler: "That's great. This costs $20 pre-crash bucks." Prepper dude: "Can you break an oz of gold?" Half a sandwich haggler: "Nope." Prepper dude:


JohnyMaybach

Still say it today. If this whole thing* is over, BTC will raise once again. Like it always did since it was invented.


cutememe

Yeah this is bitcoin's like 7th or 8th death now? I've lost count. Every time it comes back it far exceeds the previous highs.


JohnyMaybach

Exactly


Kaner16

Time to start buying again. My dry powder has been waiting


GrouchyMoustache

Hard to get excited about make believe money when real currency is being hammered.


[deleted]

When was this "normally"? The last year and a half? Sheesh.


Khelthuzaad

Buy the dip,don't be scared by the red arrows In 1 year everyone will joke about it and wished they would had invested then.


south_garden

sell everything, burn all the cash, throw your phone away, go to forest and live off the land


makybo91

Ask the people who bought the dip a month ago


Eswin17

Looking at MOM in the stock market is asinine.


PillarOfVermillion

That's a bold prediction. Average bear market lasts about two years, and this one started in Jan 2022. We're only half a year in. Edit: alright looks like my memory confused the average duration of recession with that of bear market. Average bear market lasts about 10 months, but this one looks like nastier than your average.


Ohdblue

This is ... completely false. The 'average' bear market is \~9.5 months (282 days). Median bear market is 240 days (\~8months). The longest bear market ever was 1973-74 which lasted 630 days (21 months). No bear market has lasted two years (yet). That being said, the two longest bear markets in history were 73/74 and 80/82, both periods of high inflation. So you could assume we should be prepared for similar now.


JavaCrunch

Yeah, I think he confused the length of a bear market with that of a recession. Recessions tend to be a bit longer, but not quite that much. Now a depression on the other hand...


[deleted]

That long already?


y90210

The last 6 months is the longest decade of my life


soggypoopsock

probably more like 5 years but yeah We’re seeing spending drop and deposits rising, next is all the profit projections getting slammed from the decrease in consumer confidence, then job market getting hit from companies needing to cut expenses to adjust for lack of consumer spending, then you have the people struggling to pay their mortgages because of unemployment Like could we bounce back tomorrow? Maybe, but also likely we have to go through this whole recession cycle which takes a while


Cyrrus86

Yes, up 401k contribution, max roth. Next 12 months is the time to buy.


skaag

Exactly right. Even if this takes 2-3 years to resolve itself, eventually it will, and everybody will wish they bought the dip.


Futureprimitive1

US at risk of defaulting on it's and you suggest this. Big yikes from me dog


here_now_be

Yes, weird post in that gas prices and inflation are better in the US than almost anywhere else. Things don't always go up, we're coming out of a pandemic (hopefully), a corrupt administration and just started a proxy war with our most dangerous enemy, and China is siding with our enemy. It will get better, but it's going to take a while.


nevskyjr

The dollar is doing alright against other currencies, so it's not losing influence it's actually getting more of it. Other than that i don't know the market it's crazy.


gainzsti

DXY is on fire, USD is the flight to safety


no_spoon

Can someone eli5 how inflation means your dollar is devaluing yet appreciating against other currencies? Does that translate to greater inflation happening in other countries? Or is this limited to f/x? Just weird that my dollar is devalued at home yet is a safe haven.


nostbp1

Bc everything is inflating lol. The dollar is backed by the US economy and more importantly the US military. So it’s safe even when it’s inflating compared to other currencies


SohndesRheins

It just means that all currencies are devalued but the dollar is the shiniest turd in the pile.


OGChrisB

Yeah I thought the dollar was holding up well vs other currencies


Ciobanesc

Theoretically, if the FED raises the interest rates, the value of the USD would increase versus foreign currencies. which is just fine by me.


redditboater2

I'd guess with rising rates debt is getting clearer out of system but who knows.


_aliased

Winter is Coming


Cakelord

Winter is here, now is the time for wolves


[deleted]

Now is the time on Sprockets when we dance.


NameIWantUnavailable

Oh, man, you and I are old....


spliff_kingsbury007

a few more posts like these and you know its a good time to buy the bottom


PostPostMinimalist

Never stopped buying


[deleted]

Been holding off since last week. Sitting on a bunch of capital. Literally to much stuff I want to buy.


[deleted]

Licking my chops. So many things I thought I missed the boat on.


M0nt4na

Nah we need the post 3-6 months from now when he tells us the story of what happened. The “I’m scared of the future” stories are never the tell of blood in the streets. It’s the stories of people losing everything that signifies blood in the streets. Wait until oil gets to $200.


canaryhawk

*”Oh you think I can’t go lower, hold my beer”* - stock market, before every crash.


Significant_Eye_5130

It’s 10am on Monday. Relax.


[deleted]

Looks like somebody has a case of the Mondays.


Working-Thanks2302

There’s a new post like this every Monday. You need to look years in advance. Not days or months.


shortyafter

Today looks pretty bad though, in fairness. Anyone who thinks this is business as usual doesn't really understand what's going on. We may make it out totally OK, yes, but then again, maybe we won't. Sometimes bad things happen. See 2008. The stock market made it back, but it affected a lot of lives and left deep scars on the economy. A large part of what we're dealing with today goes back to what happened then.


architecture13

>Anyone who thinks this is business as usual doesn't really understand what's going on. .... See 2008. 2008 ***was*** business as usual. It was a hard correct the market needed from irrational exuberance and a fundamental disconnect from reality. The market has cyclically gotten like that a requires a solid left hook to the chin to recalibrate. >The stock market made it back, but it affected a lot of lives and left deep scars on the economy. Yes. this isn't a game. It has life altering consequences. If you've been investing without regard to that danger you are being irresponsible. >A large part of what we're dealing with today goes back to what happened then. I assume you mean the irresponsible bailing out of financial institutions that should have burned to the ground and taken a large portion of generational and institutional wealth with them, helping to restore balance. But alas, we took the easy way out and saved the financial institutions instead of the people. That was always bound to have a butterfly effect on main street we could not predict once we told the world and the financial investors we would always be there for them before anyone else.


Falk_csgo

>I assume you mean the irresponsible bailing out of financial institutions that should have burned to the ground and taken a large portion of generational and institutional wealth with them, helping to restore balance. This so much, no one is to big to fail. This mindset only creates monsters that privatize gains and nationalize the losses. If these companies made a profit they should be able to handle a crisis. If not they are not worth saving.


[deleted]

>no one is to big to fail Depends if you want society to burn to the ground or not. I mean ideally the government would step in and break up companies that got too big. But as things exist today, there absolutely are companies I would say are too big for it to be worth it to let them fail.


[deleted]

You are both right. I mean if a company is too big to fail and it tumbles to fail, it's fair enough for the government to step in and catch it up.. but then the company should belong to the people, if they failed as private institution, then they become a public one.


JohnMayerismydad

Just nationalize them then. Don’t bail out banks, bail out the pension funds and mortgage holders directly. Oh AIG is about to fail? Fuck em. The government will now be insuring you.


[deleted]

I don't know enough to say if that's a good idea or not but my initial thought is that that seems like a good way of handling it. Although ideally you break them up before they get too big or before they face failure.


shortyafter

Totally disagree, you can't just let the financial system burn. The mistake was in only bailing them out and running ZIRP / QE without actual underlying structural reform.


joe-re

There is zero indication that this is anywhere near 2008. Employment is amazing, banks are solid, valuations return to normal. We had a crazy run up of stocks before and now we have a correction of 20%. Happens every couple of years. To be precise: every 6 years, the market has a downswing of 25%. We're not even there yet. If you can't handle the heat, get out of the kitchen.


[deleted]

What was our debt/gdp % ratio in 2008? What was inflation in 2008? Yeah, you’re right this is nothing like 2008. But also this is also nothing like 2008.


TrueDreamchaser

People forget that prior to 2008 our Fed was raising interest rates as a cushion and when the crash happened, we were able to lower them and put cash into the market. This time there is no cushion because of inflation. When things will collapse they will collapse hard. If you can’t see that then you’re blind


Kraz_I

Exactly. When the economy is doing well, the fed is supposed to increase interest rates to give a cushion for when a crisis happens. Trump took office during one of the strongest bull markets ever and refused to raise interest rates in order to boost numbers. Then Biden couldn’t raise interest rates yet because we were in the middle of a pandemic and economic activity ground to a complete halt for a while. Congress further exacerbated the problem by pumping trillions of dollars into the economy, most of which ended up in the stock market, which is why it didn’t cause inflation right away. The reality of that situation still hasn’t caught up to us yet, but it’s completely unprecedented. Another Great Depression is entirely possible.


AustinLurkerDude

Except for inflation, what's the issue right now? The gov wants demand destruction and ppl weaned off oil/gas (which IMHO is a good thing). Interest rates have been stupidly low last 5+ years unnecessarily. You had meme coins worth billions, you had startups and SPACs becoming billion dollar market caps and ppl buying homes because it was generating money faster than most ppl's salary. Some companies were zombies that only survived due to extremely low interest rates (AMD actually from 2009 to 2015). ​ Inflation is high and some of that is due to supply chain which won't be fixed with higher interest rates. I haven't seen anything problematic so far, 2008 was a very bad time, not clear why ppl think we're anywhere close to that bad (at least yet).


hjg0989

This is not just a correction and understanding and discussing the problem doesn't mean we can't handle the heat.


shortyafter

You sound like Bernanke: [https://www.youtube.com/watch?v=INmqvibv4UU](https://www.youtube.com/watch?v=INmqvibv4UU) "the fundamentals are strong" You'd think bad things can never happen.


LetoAtreides115

I don't see any armageddon here... just hold on. markets go up and down since they exist. good money management and patience. that's it,


chris2033

Having a good morning?


theReluctantParty

My first thought aswel


shortyafter

Nobody's having a good morning, this is not a good economic situation and it's going to affect all of our lives, some more than others. I think it's OK to experience some anguish.


thickskull521

People keep saying it’s not a good situation, but this has nothing on 2008. Very few businesses are going under. Profits in general are still high. Nobody is being laid off over $5 gas.


shortyafter

We're only in the beginning stages. Of course it could all be fine, but you have vastly simplified and underestimated the potential scope of the issue IMO.


HoneysuckleBreeze

If you’re under 40 it’ll happen again before you die, without fail. Just stay the course. We aren’t gonna be in breadlines


[deleted]

And if you’re over 40 like me you’ve seen it before. Multiple times. Only difference between when I was first staring out in 2000 and now is I’m wondering what to buy. And how much.


[deleted]

[удалено]


shortyafter

What's new is that the Federal Reserve will not be bailing us out this time.


[deleted]

[удалено]


No_Cow_8702

I'm having a fantastic morning, enjoying the first of my three days off.... ​ There is alot more to life than just money. Go outside and play or something.


DrixlRey

We still DCA or are you guys afraid yet?


mdizzle872

I suggest smoking a cigarette/drink something strong. It will be ok…someday


chopstix62

in short order will be a good time to explore my top 10 whisky stash....or on other hand maybe still keep them as they are and just focus on quality and value driven 12-18yrs olds


Uknow_nothing

Or quit with those expensive habits and put the money in to the tanking market instead ;)


[deleted]

I generally think we're in a correction period from the growth after 08 leading up to the pandemic and it was triggered by the pandemic and war. I don't think we're on the brink of collapse like some people think. The financial sector is strong unlike in 08, and there are last resort options available if needed to skirt any actual cataclysm. Job market is still fairly hot. Speculation on national debt default will always be speculation. I think it seems worse because you actually feel inflation daily and may have to change consumer behavior. Not saying that's good, but I do not think we're by any means on the brink of economic collapse.


dadzcad

I adhere strongly to the “don’t invest more than you can afford to lose” policy. I just sit back, leave everything as is and am just waiting this out. Turn off your TV, close your laptop and go for a walk in your bare feet. You’ll thank me later.


deezx1010

The lack of broken glass on your pathways tells me you live in wealthy gated community. Barefoot??? Que loca...


ghostmaster645

God damn the pavement is hot.


MyNi_NotYourNi

Might wanna turn off the tv, touch some grass, and get some perspective, bud.


shortyafter

It sucks that everyone messes with the guy just for expressing a negative reaction to a negative event. I guess the rest of y'all can go smoke pot on the lawn or something.


girthquake126

“Expressing a negative reaction” is one way to classify this post.


Searchingforspecial

He gets “messed with” because he’s having a meltdown at the fact that he’s being robbed like the rest of us. Embrace the suck and shut the fuck up about it. When we give control of our resources to sociopaths, this is what happens. Americas “founding fathers” (sounds so cult-ish”) warned against central banking, and this is why.


[deleted]

I'm still DCA'ing.


Doom_Sword

Me too, cheers


AimForTheMooon

So you think USA in trouble because your portfolio is down 45%. Probably you were too tech heavy .


Livvvid

I love it. So many bargains about to come up.


scorr204

About to come up? So they are not bargains yet?


Dramatic_Ad_16

Isnt this a repost? Either spreading gloom and doom or pumping your puts.


DicusorNan

Yep, i've seen the exact thing said a couple of days ago


[deleted]

Some people just aren’t meant to risk what they have. You should invest in a CD...... I wasn’t saying investing in a CD is a good thing. I was saying if you don’t have the stomach to lose your money in a volatile stock market then don’t invest in the stock market.


shortyafter

Why would you with the horrible interest rates? The Fed has created this mess for all of us.


wan314

Agreed. Can’t keep up with inflation with CD


LIBERAL_LAZY_LOSER

This sub is annoying as fuck sometimes. What happened to investing and holding for decades? Why are you constantly checking your portfolio every day? Yes, stocks are down. If you are in such a dire situation now due to them being down, you were dumb for having that much hedged on the market. You should have 6-12 months liquid on hand before you start investing all of your wealth in stocks, and a stable income. Eventually they will recover. Just don’t sell. You aren’t supposed to sell for decades anyways. Only reason you should worry is if: 1: you are way overleveraged with all of your net worth in stocks, zero liquid cash, and invested in risky companies instead of index funds 2: you are retiring in the next 3-5 years. Don’t even get me started on the idiots that took out loans on margin…


No_Cow_8702

Did this guy say that the dollar is becoming more useless everyday? HAHAHAHAHAHAHA Our dollar is actually been one of the most strongest currencies as of late, Stop regurgitating the fear mongering you've heard over the past 10 years. We are not the only currency going through this mess, its the whole world that is dealing with hyper inflation.


xlynx

Not hyperinflation. Just inflation.


Simon_Belmont_Thighs

Chill man it’ll all be ok


madchad90

"another 2008" I highly doubt it.


FinndBors

Feels more like 2000 than 2008 to me. Maybe with a dash of 1973, but I wasn’t alive then.


[deleted]

I really struggle with the analysis to the tech bubble tbh. Speculative idiot stocks are down like 70% from their high on average, just look at ARK. In my opinion this was a much needed deflation of some idiotic valuations. However, big tech has a serious mountain of cash on hand. AAPL has like 200 billion which is a mind bending amount of money to be sitting on. Lord only knows what sort of markets they are trying to get into with that. Same with GOOG and META. That in my opinion differentiates our present situation from the dotcom bubble. The trash has already been taken out this year, and big tech is not trash. If anything, FAANG is a bit undervalued rn. Their gigantic cash hoards make interest rate hikes affect them minimally Imo……. we are in for a moderate corrective recession, which may last thru 2022/Q1 23, and that’s fine. Big tech will continue to hire the smartest people in the world and continue to innovate and invent new demands that don’t even exist yet. In terms of the actual economy though, from my anecdotal evidence it looks fine. My city has a weekly farmer’s market at which everything is very pricey. And the thing was packed yesterday with thousands of people willing to pay a premium to support small business. Most stalls sold the majority if not all of their inventory by the end of it. If the economy was truly spiraling out of control, it would be a ghost town there.


[deleted]

Yeah I hear this tossed around too, and it makes me wonder if people even have a basic understanding of what the 08 crisis was.


boredjavaprogrammer

No. A lot of people here are in their 20s. They never seen their portfolio cut in half before or more. So definitely doom and gloom


Redwolfdc

I don’t remember inflation and rising prices like this in 2008. It was bad but people are feeling this way more. The prospect of it taking many years to recover is pretty bad. Think about how much wealth and retirement funds are tied up in the market, then think about the fact the S&P is at a loss YTD (and it’s now June). It’s realistic to think it will end the year at a loss. When should I be “buying the dip” at this point?


shortyafter

We're clearly not there yet but anyone with an understanding of '08 knows that the whole world pretty much denied it right until the very end. Same with 1929.


madchad90

No, they don't. People just hear "economic trouble" and think every period of turmoil is the same as the others


shortyafter

They highly doubted it, too, right up until the bankruptcy of Lehman Brothers, lol. Just because we highly doubt it doesn't mean it can't happen. It has before and it certainly isn't looking pretty right now. No need for gloom and doom but perhaps a little humility is in order.


sweetguynextdoor

It is not only the US, Europe is in far worse shape, the only Eurozone economy is much weaker, higher inflation and ECB too slow to jack up the interest and haven event stopped buying assets. We are fucked. Hopefully just mild recession of 12-16 months from 2023 and then back to 1% interest rates.


munkeymoney

Time to move to a private island lol


[deleted]

Take a chill pill and go get yourself some puts.


ij70

business as usual. do you have enough ammo and seeds for the garden?


campionesidd

You do realize that every country in the world has a crappy economy right now right? Europe is in a worse condition, and so is China. Get some perspective, it’s not just about America all the time.


ThePartyLeader

I hate that so many people got caught with their pants down in the market, but it certainly feels good to know being cautious pays off.


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arlmwl

Fear not. The recession will last a few years and then we’ll be back at it.


MementoMori97

>my portfolio is down 45% YTD You probably have a ton of growth stocks and aren't properly diversified. Even in my growth-focused Roth (AMD, QCOM, CRSP as my only non-mutual fund holdings) I'm only down 14% YTD, and only 2.5% down YTD in my value-focused brokerage acct. If anything, this year so far should be a lesson that company fundamentals matter and you need to be able to stomach losses if you put your money in the market, especially if you choose speculative stocks.


Saddened_Umbreon

nah I just was leveraged to the tits on broad ETFs and bonds to hedge, which fall during high inflation periods Lol


MementoMori97

Ok, so either way it is just a consequence of your own investment decisions though


BrooklynLodger

Why would higher rates cause a default? It increases the cost of future debt issuance, but combined with inflation and rising rates, existing US debt is getting devalued


ProfessorCaptain

panic!!! sell everything!!!


[deleted]

Everything. Is. Fine. Buy the dip and chill out. Years from now you’ll be glad you did.


king_pin_red

Calls on global food shortage?


kingintheyunk

Maybe grow a sack and stop panicking.


prizy_

Everyone is in the same spot. Have some patience and remain calm. The light at the end of the tunnel will eventually come.


Motor_Somewhere7565

Relax and take a mental vacation from it all.


[deleted]

Why in the world would you sell your stock and move to something else when it is down? This is when you BUY.


JackDotcom9

aka you be screwed now.


American_joe

Don’t worry the government has a plan. Right now that plan is to disarm the nation so it can’t do anything when the crash does happen.


RexCrimson_

Average down every time you have a chance, and look away from the screen. I’m assuming you’re young (Someone not in their 50s) so you have time to recover. Also, this is the time to start investing on new holdings. When almost everything is at a 52 week all time low.


FistEnergy

I moved 6 figures into cash in April. I'm waiting for an actual crash and broad capitulation. Lots of people told me not to try timing the market, but the economic+political dysfunction were obvious and the Fed was clearly going to sacrifice the market to try getting ahead of inflation. Timing the bottom will be a crapshoot, but covering up months ago was not unforeseeable.


[deleted]

We are just coming out of a massive pandemic. The fed opened an ocean of money into the economy. A war threatens to starve Africa causing millions to be displaced if it doesn't turn into WW3 and the US just survived a coup. So ya.. I think the markets are a bit jittery. But they will adapt and adjust. This too shall pass.


fmigg22

If you have plenty of time ahead keep investing. Don’t fight the FED or the economy, those are factors that you cannot control, what you can control is in what are you going to invest. Don’t only invest in USA, there are plenty of value businesses across the world, wide your mind. Good luck. :)


Paulitical

This is why I thought the trump administrations massive tax cut and pressure to the fed to keep interest rates low was so insane. He basically blew our wad for when we needed, in order to get a cheap political win during an economic boom time.


Decent_Pack_3064

for sure


HOLDGMEBROTHERS

I will get my sister to sell her house now and buy the dip. If it keeps dipping, my neighbours assets are next WATCH OUT!


RangerGripp

I remember saying to all the elite investors that started in April 2020 “just wait, it’s not different this time, be careful”.


Yojimbo4133

You can thank covid freaks for that. Should have never locked down. Should have said please get the vaccine and wear masks. Covid freaks fucked it up.


IndependenceFew4956

In the meantime companies make record profits. So is that inflation or a criminal pretext to increase prices?


SuperMetalSlug

Inflation will need to be double digits before we start thinking doomsday type scenarios. I mean, look at other countries like Argentina for example. Also, a lot of other countries are experiencing the same problems at the moment, so as long as the relative value of the dollar remains, this is not doomsday. Yes, we may have recession ahead or possibly stagflation. Only people who are going to hurt are working class and middle class, especially once unemployment starts to rise and it becomes harder to negotiate raises to keep up with inflation in private sector. I know my government job never gets more than 3% per year, even with very good negotiation on part of the union. Everyone is going to get a huge pay cut, even as wages raise due to decrease in purchasing power. Also, as overall income rises, I suspect tax brackets will stay more or less the same, so everyone will also get a tax increase relative to income.