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bloodbath in the markets
12-11-2018, 08:54 AM
Post: #16
RE: bloodbath in the markets
this is why I was thankful for the conditions which allowed me to sell my other house(as can be observed in the "FROZEN" thread). Of course I did my part too, I was responsible and lived below my means which allowed me to buy that house and pay it off EARLY and now sold it for a FAIR price.

and I sold it because it was the responsible thing to do and had nothing to do with politics but instead responsible investing practice to not allow RE to become too large a portion of my portfolio and to take profits when there was opportunity which I believe to be a result of Luck + Effort = Success theory which I subscribe. (I also believe the possibility that "God" can be considered a part of the Luck factor and why I humbly give thanks)

Now I am well positioned for the next BIG WIN opportunity which is a result of my efforts(sacrifice which result in saving and capability pay off home/sell home all which is NOT easy due to necessary sacrifice and unpleasant stress involved in buying/selling)

nothing I have said here is meant to be expressed as a BRAG and instead is to provide good example and inspiration to others. I am not a HIGH INCOME ELITE and have suffered significant health issues and obstacles on my journey and when I read headlines like those how the average ADULT American does not even have saved $1,000 I can see how regular people need some inspiration and example to help motivate them!
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12-11-2018, 09:02 AM (This post was last modified: 12-11-2018 09:08 AM by karasu.)
Post: #17
RE: bloodbath in the markets
now I will like to say another thing.

the average MAGA class is the one which really makes me scratch my head! They will insult the liberal as a hippy anti-capitalist so at least the liberal has some excuse according to the MAGA insult so what is the excuse for why the MAGA has multiple credit-cards maximum debt and not even $1,000 saved and then he goes and votes against government health-care when illness is one of the major cause of bankruptcy and financial hardships for the average American? Makes NO sense!

I am for captialsim practice for consumer companies like StarBUCK$, Apple, WalMart, etc. but not for Prison, Insurance Industry, and Medical Industries which I think should be BIG GOV run and not FOR PROFIT which will lead to corruption and other abuses. Example a FOR PROFIT Insurance industry is in the BUSINESS of MAKING MONEY and NOT paying claims so you think you are covered and you pay ALL THOSE years and then they try to WEASEL out of paying when it comes time you file a claim!

Sure Liberals are have gone too far in social issues like how the Religious Right has done the same.....Halloween vs Christmas is a simple example each attacking the other and they destroy the fun for all the rest!

But a Bathroom nonsense does not really affect my standard of living yet a medical bankruptcy because of health misfortune can happen to ANY person of average position!
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12-11-2018, 09:04 AM
Post: #18
RE: bloodbath in the markets
and forgive my terrible grammar I just get going and my fingers and brain don't always match!
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12-12-2018, 05:32 AM
Post: #19
RE: bloodbath in the markets
so can we extrapolate that the MAJORITY MAGA class is NOT ready for the next correction and according to MAGAS the Liberals which also are NOT prepared do have some excuse because they are all anti-capitalist hippies?


the question is also how bad will the next correction be, will it be worse than 2008? Some Investing TOPS say YES
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12-12-2018, 05:39 AM
Post: #20
RE: bloodbath in the markets
Wages aren’t keeping pace with many Americans’ credit-card debt-----

https://www.marketwatch.com/story/this-s...2018-12-10



"Most Americans have less than $1,000 in savings"------

https://www.marketwatch.com/story/most-a...2015-10-06



according to the DATES on those articles in 2015 the average American did not even have $1K saved and in 2018 they now have even MORE CREDIT CARDS DEBT
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12-12-2018, 05:52 AM
Post: #21
RE: bloodbath in the markets
these are the FACTS that matter. That MAGA worrying about the social immorality of liberals would do well to worry more about managing his finances and increasing his savings account!

"throw the first stone" is a very SMART philosophy. It teaches to worry about your own affairs which will have a better chance to lead to happiness and prosperity instead of becoming a bitter and miserable curmudgeon which did not endeavor to manage his own industry and now deludes himself that all things liberal are the cause of his unhappiness.

not everything liberal, conservative, or BIG GOV is unsound and a healthy balance of the 3 is probably the best for all of us.
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12-12-2018, 06:38 AM
Post: #22
RE: bloodbath in the markets
Cryptos still taking a shit kicking. Who could have seen this coming?

The markets will probably have a small melt up, just from people going short (and then squeezed), and others picking up 'bargains'.

There is still no fear and no major crises.
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12-12-2018, 07:14 AM
Post: #23
RE: bloodbath in the markets
(12-12-2018 06:38 AM)Chaos Reigns Wrote:  Cryptos still taking a shit kicking. Who could have seen this coming?

The markets will probably have a small melt up, just from people going short (and then squeezed), and others picking up 'bargains'.

There is still no fear and no major crises.


i sense that there is some "concern" that the "major crises" is brewing.
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12-12-2018, 07:40 AM
Post: #24
RE: bloodbath in the markets
(12-12-2018 07:14 AM)karasu Wrote:  
(12-12-2018 06:38 AM)Chaos Reigns Wrote:  Cryptos still taking a shit kicking. Who could have seen this coming?

The markets will probably have a small melt up, just from people going short (and then squeezed), and others picking up 'bargains'.

There is still no fear and no major crises.


i sense that there is some "concern" that the "major crises" is brewing.

What is going to be the Lehman/AIG/Greek debt crisis this time around, though?
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12-12-2018, 11:47 AM
Post: #25
RE: bloodbath in the markets
(12-12-2018 07:40 AM)Chaos Reigns Wrote:  
(12-12-2018 07:14 AM)karasu Wrote:  
(12-12-2018 06:38 AM)Chaos Reigns Wrote:  Cryptos still taking a shit kicking. Who could have seen this coming?

The markets will probably have a small melt up, just from people going short (and then squeezed), and others picking up 'bargains'.

There is still no fear and no major crises.


i sense that there is some "concern" that the "major crises" is brewing.

What is going to be the Lehman/AIG/Greek debt crisis this time around, though?


could be Consumer Debt as I have been speculating and which I think also played a significant part in the last Economic Crisis but did not get the attention it deserved.
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12-13-2018, 04:11 AM
Post: #26
RE: bloodbath in the markets
lol

so glad i never jumped on the crypto train.

my god. all my friends are losing their chit now. they took out mortgages to buy these cryptos coins.
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12-13-2018, 04:55 AM
Post: #27
RE: bloodbath in the markets
(12-13-2018 04:11 AM)DonJohnson Wrote:  lol

so glad i never jumped on the crypto train.

my god. all my friends are losing their chit now. they took out mortgages to buy these cryptos coins.

Not only did I not get on board the crypto train, I warned people to stay off it. One year ago even, I was telling people. DURING the crazy run up.

I asked them "Why are you buying?"
"Because the price is going up."
"Why is everyone else buying?"
"Because the price is going up.

They could somehow not see that means prices WILL NOT go up indefinitely. No one was buying Bitcoin to adopt it, to use it. They were SPECULATING. GAMBLING. One idiot buys one bitcoin for $19,800 USD and then all of a sudden everyone thought they could sell theit bitcoins for $19,800 USD.

And yet, everyone knew THEY would not pay $19,800 for a Bitcoin (a lot of people bought between $6000 and $12,000 I would imagine).
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12-13-2018, 05:27 AM
Post: #28
RE: bloodbath in the markets
there was this influencer in our group. he was obviously the richest(daddy's money). he got the broke wagecucks to jump on the bitcoin train when it was like 18K. Brutal blood bath this year has been.


This poor idiot was newly married and took out a loan against his house to buy bitcoins.


Anyway, none of them are talking anymore.
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12-13-2018, 05:28 AM (This post was last modified: 12-13-2018 05:29 AM by DonJohnson.)
Post: #29
RE: bloodbath in the markets


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12-13-2018, 05:58 AM
Post: #30
RE: bloodbath in the markets
(12-13-2018 04:11 AM)DonJohnson Wrote:  lol

so glad i never jumped on the crypto train.

my god. all my friends are losing their chit now. they took out mortgages to buy these cryptos coins.

".......they took out mortgages"--------

THIS is why there has been and ALWAYS will be market corrections. The average human, which means the MAJORITY, does not posses the character to manage their finances well and is why I believe that a good amount of BIG GOV and Socialism is a necessary and healthy balance to capitalism.....and the MAJORITY of us were not born with the SilverSpoon advantage to be gifted MILLIONS which does not mean we are all created EQUAL and we are in fact a a significant disadvantage, like starting a 10mile race and some are put at the 5 mile mark to start.

I do not support complete socialism or communism. I support a HEALTHY balance.
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