Originally Posted by Mr Nice
Talks of emergency cash for folks and market pops.
This is very worrisome and the wheels are about to fall off the economic wagon.
Greed is bad especially if there was 10 excellent years of market run up and ignored all the warning signs.
Official recession begins very soon.
You very well maybe correct, certainly nothing at all wrong with your reasoning, much of it I agree.
We borrowed trillions of dollars bailing out the last downturn, then guess what?
We never stopped the borrowing! The last ten years of growth are based on trillions in borrowing, now we are about to borrow more on top of the borrowing we are already doing and we know it will never get paid back in the good times, just like it hasn't been for the last 8 years = House of Cards
With that said, money will never stop mindlessly pouring into 401k's at least not yet? Thus will keep pumping up or propping up the market unless employees pull the plug.
Also there will always be stocks with good growth to pick but maybe will not be the easy fantasyland that it has been.
I made a change exactly one year ago as I posted on this thread, looking for what I considered a good value, stellar track record of dividends, and what I think as being "on point" with a clear vision.
That's how I ended up with a very large percentage in my playing around yet safe playing around Roth in Walmart.
Wow! We all know things can change tomorrow but right now I'm very happy.
I kinda used what I think was Buffets thinking, a product, in this case Walmart which I can see a real vision, best in its field at what it does, a stellar history but most of all, someone like me who just over a decade ago would have never walked into a Walmart find myself buying everything there, recently I rather purchase on Walmart.com over the other big ones when possible because if Convenience.
Anyway that's my story, it can all end tomorrow but now Walmart is building Family Medical Care centers at its locations, wow, will be interesting.
Best of all I'm still up for the last 12 months even after this market plunge
Talks of emergency cash for folks and market pops.
This is very worrisome and the wheels are about to fall off the economic wagon.
Greed is bad especially if there was 10 excellent years of market run up and ignored all the warning signs.
Official recession begins very soon.
You very well maybe correct, certainly nothing at all wrong with your reasoning, much of it I agree.
We borrowed trillions of dollars bailing out the last downturn, then guess what?
We never stopped the borrowing! The last ten years of growth are based on trillions in borrowing, now we are about to borrow more on top of the borrowing we are already doing and we know it will never get paid back in the good times, just like it hasn't been for the last 8 years = House of Cards
With that said, money will never stop mindlessly pouring into 401k's at least not yet? Thus will keep pumping up or propping up the market unless employees pull the plug.
Also there will always be stocks with good growth to pick but maybe will not be the easy fantasyland that it has been.
I made a change exactly one year ago as I posted on this thread, looking for what I considered a good value, stellar track record of dividends, and what I think as being "on point" with a clear vision.
That's how I ended up with a very large percentage in my playing around yet safe playing around Roth in Walmart.
Wow! We all know things can change tomorrow but right now I'm very happy.
I kinda used what I think was Buffets thinking, a product, in this case Walmart which I can see a real vision, best in its field at what it does, a stellar history but most of all, someone like me who just over a decade ago would have never walked into a Walmart find myself buying everything there, recently I rather purchase on Walmart.com over the other big ones when possible because if Convenience.
Anyway that's my story, it can all end tomorrow but now Walmart is building Family Medical Care centers at its locations, wow, will be interesting.
Best of all I'm still up for the last 12 months even after this market plunge
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