Stock market will crash in 60 days...

[Winco]

The stock market is being held up by 7 companies that are posting record profits. It has NOTHING to do with the state of the economy.

Well, regardless of those 7 companies, MY stock Portfolio is up 45.3% since Biden took office.
I pay my Financial Advisor a FLAT fee of $1,200 per year.

A portfolio of $534,982 has grown to $777,328 as of today, since Biden took Office.

Of Which I will probably NEVER touch and I'll let it grow and leave it to my Family, hopefully in 30+ years, (62 Now)

 

[Dagosa]

Of Which I will probably NEVER touch and I'll let it grow and leave it to my Family, hopefully in 30+ years, (62 Now)

Oh Geesus…not me. My kids are all wealthier than I.
We planned it that way….

 

[Winco]

Oh Geesus…not me. My kids are all wealthier than I.
We planned it that way….

My Daughter is NOT currently wealthier than I, but she's 31, owns her own successful business, raising a Husband and 2 boys.
The Husband is Military, they own 2 homes.

I've done OK, they are young and have to catch up to me.
They will, but NOT today.

 

[Dagosa]

My Daughter is NOT currently wealthier than I, but she's 31, owns her own successful business, raising a Husband and 2 boys.
The Husband is Military, they own 2 homes.

I've done OK, they are young and have to catch up to me.
They will, but NOT today.

We‘d like to feel it’s better to gradually Transfer wealth to the children over the remaining years of our lives…funny listen to them planning very early retirement….

 

[Winco]

In 1958, my father and his father started a tucking business.
If you ever travel the I-5 Corridor in WA, you may have seen the current day 50+ Semi's. Take a Guess.

In 1958 my Grandpa and father were very poor.
No family money.
They bought 2 trucks, hauling.
Father and Son.

 

[Missourian]

.


Poor Larry.
Is there an Update from Larry?

I don't know...when this one was a dud I never went back to see. There's a saying in Tennessee... well, there's a saying in Texas, probably in Tennessee too ... fool me once, shame on you...fool me twice...well...uh...don't get fooled again...

Jacked Up Joe is no potato

But I agree 100%...there likely hasn't been a Presidency as jacked up as Slow Joe's...

Urban Dictionary: jacked up

This is a phrase largely equivilent to fucked up or screwed up. It roughly means "in a state of disarray" and is commonly used in the phrase "to jack someone/something up". In some cases, the meaning may be slightly altered by the fact that to get "jacked" can mean to be struck or injured.

www.urbandictionary.com

 

[Missourian]

In the 308 days since the 60 days for a crash was up, the DJI is up 15.1%.

I really hope you pulled all your money out and put it under your mattress.

I don't have money in the stock market.

If I want to gamble, I'll go to Vegas.

My money mostly goes into new equipment and vacant land.

 

[Missourian]

In 1958, my father and his father started a tucking business.
If you ever travel the I-5 Corridor in WA, you may have seen the current day 50+ Semi's. Take a Guess.

In 1958 my Grandpa and father were very poor.
No family money.
They bought 2 trucks, hauling.
Father and Son.

That's what I do.

Still pretty good money in it as long as you specialize.

Don't have 50 trucks yet...but I'm getting there.

 

[Dagosa]

In 1958, my father and his father started a tucking business.
If you ever travel the I-5 Corridor in WA, you may have seen the current day 50+ Semi's. Take a Guess.

In 1958 my Grandpa and father were very poor.
No family money.
They bought 2 trucks, hauling.
Father and Son.

Never been that far away…so I’d be guessing.

 

[Winco]

Who Here is still Hoping for a BIDEN Stock Market Crash?

 

[justoffal]

Who Here is still Hoping for a BIDEN Stock Market Crash?

Nobody should hope for that....
But will it happen? Dunno.

 

[Dagosa]

Nobody should hope for that....
But will it happen? Dunno.

Are you still using the formula for average following a dissertation on quartile and medians ? You should fix that to avoid credibility issues.

 

[justoffal]

Are you still using the formula for average following a dissertation on quartile and medians ? You should fix that to avoid credibility issues.

No need to...
There was never an issue

 

[Dagosa]

No need to...
There was never an issue

bar x is arithmetic mean, or average. It has nothing to do with the median.
I only mention it so people won’t think you’re just trying to show off..
“WebThe x bar (x̄) symbol is used in statistics to represent the sample mean, or average, of a set of values. It's calculated by adding up all the numbers in the sample and then dividing by the number of values in that sample.”

“is located by dividing the data set with the median and then dividing the upper half that remains with the median again, this median of the upper half being the upper quartile
x̄ =(∑x)/n”

 

[Winco]

...says best selling author Larry McDonald.

"They're playing catch up, and while they were doing quantitative easing in 2021, inflation started to rage and now they're trying to catch up," The Bear Traps Report founder Larry McDonald said Wednesday on "Mornings with Maria."

Bookmarked for 60 days from now. We will see if your guy is right or not.

Hummmmmm.

 

[The Duke]

Yeah, this one didn't age well.

 

[JohnDB]

Yeah, this one didn't age well.

Jobs report coming out Wednesday is gonna be rough according to the rumors.

Looking for yet another dismal job report....apparently there's not enough lipstick on this pig and it's all catching up....and with the current habit of this administration of adjusting them down a month later....traders know the fix is in already. And it's gonna be a disaster.

 

[Winco]

Jobs report coming out Wednesday is gonna be rough according to the rumors.

Looking for yet another dismal job report....apparently there's not enough lipstick on this pig and it's all catching up....and with the current habit of this administration of adjusting them down a month later....traders know the fix is in already. And it's gonna be a disaster.

Is that ^^^^ why investors/traders were buying stock these past 8 days?

So they could buy high and sell low.............. is that your logic?

 

[JohnDB]

Is that ^^^^ why investors/traders were buying stock these past 8 days?

So they could buy high and sell low.............. is that your logic?

Dunno...

Just saying that the jobs report is rumored to be bad....and some of the usual whale and insiders are sitting on piles of cash.

 

[surada]

...says best selling author Larry McDonald.

"They're playing catch up, and while they were doing quantitative easing in 2021, inflation started to rage and now they're trying to catch up," The Bear Traps Report founder Larry McDonald said Wednesday on "Mornings with Maria."

"Our 21 Lehman systemic risk indicators that look at equity and credit point to one of the highest probabilities of a crash in the stock market looking out 60 days," McDonald, who is also known for writing a best-selling book on the Lehman Brothers collapse, cautioned.

Stock market will crash in 60 days, best-selling author on Lehman collapse warns

Market risk indicators are signaling one of the highest probabilities of a crash in the next 60 days. The Bear Traps report founder Larry McDonald advises on how to allocate your capital.

www.foxbusiness.com

Don't have anything to add to that...not a stock expert. It just feels very very Black Monday-esque.

The title of that article is a little misleading...McDonald actually says "best chance" if the S&P earning fail to meet expectations.

I wasn't around in 1929...but I was in 1987.

You experts can discuss the ins and outs of the article...I'm just going to read the replies.

Well, most of the replies.

Not the replies from those who know less than I do who will unfailingly post that everything is fine because hope and fairy dust and a potato in the White House.

The October effect refers to the psychological anticipation that financial declines and stock market crashes are more likely to occur during this month than any other month. The Bank Panic of 1907, the Stock Market Crash of 1929, and Black Monday 1987 all happened during the month of October.