Why? Who the fuck knows. Certainly retailers that get too much of the shit they sell from overseas got their asses kicked. Look at Renovators Supply. The company gets 90% of their products from SE Asia. Of course they're fucked. Same with Dollar Tree - so much made in China shit on their shelves, I'm surprised the cashiers don't speak Cantonese.
Not to worry. Actions and reactions like today's downward swing create buying opportunities for savvy guys like us, so don't freak. Look at it as an opportunity to put our cash to work. Juss' sayin'. Don't be like this guy...
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We're back to the numbers of last September where we SHOULD be.
ReplyDeleteRemember, all those stocks were purchased with money 'BORROWED' from our children and grandchildren, something Trump wants to STOP.
Putting things In Order initially creates disorder. You ever decided to rearrange a closet? Step one, drag shit out. Imagine the chaos that would follow the removal of all gun control in places like Chicago. A system rife with corruption will not immediately shift to order when the foundations are being reformed. Funny how the leftards are So fully understanding of the economic hardship created by tariffs, but corporate taxes are fukkin great. Tariffs promote industry coming To America.
ReplyDeleteyeah. back in what 2008 I think it was the market tanked for a while. and a lot of my co-workers where moving their money from stocks to bonds in their TSP accounts. ME, I kept my money in stocks and even added more. by 2010-2011 I had gotten back everything that was "lost" and then so. just because the "market" drops a few hundred or a thousand is no reason to pull everything out . what most do not understand is when the market drops, it is like a sale on stocks.
ReplyDeletebuy and wait for the upturn and then sell when it high again. unless you KNOW it not going to bounce back.
just read some history books and see for yourself.
The market was deliberately tanked in late 2008 so that Bush would lose to the Light Bringer. They only wanted a little, temporary hiccup, but somebody overdid their part and it turned into an "Awshit Moment."
DeleteI think my favorite quote from a dollar store review was, "At least the staff was hostile."
ReplyDeleteNo one seems to be reporting that the tariffs are not arbitrary, but reciprocal. If a country doesn't want tariffs against their products and services, negotiate removing all tariffs between our two nations. Of course, good luck trying to determine what the current tariffs against US goods are -- the search engines are in full retard mode complaining about Trump. Even when they suggest the search ""What are current EU tariffs on US goods?", they respond with what Trump is doing (and not answering the question).
As soon as I saw the market tank, I put in a huge order on all of my favorite mutual funds. This tactic worked in 2008 and in 2020. Made me a nice nest egg.
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