Teacher Terry
Well-known Member
It’s why I bought my new car in January 6. If not for tariffs I probably would have waited until my old car needed a major repair.
Stock market plunged today.
- Thread starter Mitch86
- Start date
Harry Le Hermit
Member
There is an assumption that consumers will simply pay the new rates. Demand might outstrip supply.
I don't feel like we are seeing a dip that is the bottom, even though the market goes up and down all the time, my opinion is that this is the beginning of a general downward trend that will probably take three to five years to come out of. And maybe countries are more forgiving, but if I had "friends" that treated me like the US is treating their former allies and partners, I would not ever feel the same amount of goodwill and willingness to cooperate.
But, when I watch market news, they are looking ahead to the necessity to raise the debt ceiling, and the effects of giving another trillion dollars of tax breaks to wealthy people/companies. So, just all so depressing, why couldn't this have been postponed for another 15 years so I could have lived out my life without all this fear and hate and attacks happening.
But, when I watch market news, they are looking ahead to the necessity to raise the debt ceiling, and the effects of giving another trillion dollars of tax breaks to wealthy people/companies. So, just all so depressing, why couldn't this have been postponed for another 15 years so I could have lived out my life without all this fear and hate and attacks happening.
Trade
Well-known Member
you're making it sound like some desperate South American country - you haven't aligned with them have you?
CallMeKate
Well-known Member
- Location
- Mid-Atlantic US
I just realized why it feels as if the sky is falling for you, Mitch. You've told us you put every penny of your money into Amazon stock in the late 90s and never sold any! You taking a pretty big hit this week? 
mathjak107
Well-known Member
- Location
- bayside ,queens , ny
putting all one’s money in to any of the magnificent 7 stocks was all fun and games on the way up. but the way down is the reverse .I just realized why it feels as if the sky is falling for you, Mitch. You've told us you put every penny of your money into Amazon stock in the late 90s and never sold any! You taking a pretty big hit this week?
they got hit a lot harder than the broad markets
Yes, and the NASDAQ in particular took a beating.
JustDave
Well-known Member
I think it was a week and a half ago, I dumped almost all of my Schwab Large Cap fund, which was heavily loaded with the magnificent 7. I salvaged my initial investment, but I left two thousand dollars in the fund. Not really sure why, maybe for bragging rights that I didn't panic and sell it all at the first sign of trouble.
This week, what I left in the fund lost 30% of it's value. That was the only fund I had. Most of my investments have always been in I bonds and a money market. I never enjoyed stocks. I know I can do better in stocks, but I'm 81 years old and I don't see any long term in my future. Also, I don't need a lot more, at least not yet. I'll be content if I just hold my own for the rest of my life.
UpstateGal
Member
There is an old saying, "don't tell someone something they already know". Learn to "read the room".I just realized why it feels as if the sky is falling for you, Mitch. You've told us you put every penny of your money into Amazon stock in the late 90s and never sold any! You taking a pretty big hit this week?
A good economist can calculate what price rise will sell the same number of cars as they are currently selling.
Any actual wars that may happen won't come from nowhere, they would be instigated.
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Not just cars, price on everything will be going up and up.
This is how economic cycle evolves, wars and recession/depression are needed to cut down prosperity, so another economic boom can happen.
I'm of the opinion that economists are about as accurate as weather forecasters.
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I think weather forecasters are quite accurate.
mathjak107
Well-known Member
- Location
- bayside ,queens , ny
actually if a weatherman just said today’s it’s not going to rain , every single day .
he would beat the record of even the best forecasters
Aunt Bea
SF VIP
- Location
- Near Mount Pilot
“Give me a one-handed economist! All my economists say, ‘On the one hand... on the other.’”
- Harry S. Truman
dilettante
Well-known Member
- Location
- Michigan
We've already seen huge vehicle price rises in prior years:
I don't expect much increase above this that can be linked to tariffs.
I don't expect much increase above this that can be linked to tariffs.
They are way less accurate, predictions aren't in their job description.
Price elasticity is...
Besides weather forecasters are never wrong but they do get the days mixed up occasionally.
Source please.
Teacher Terry
Well-known Member
So glad I got out of the market a few months ago. I have family and friends in Europe that think the USA has lost their minds. So does the leadership of other countries.
Again, to those who claimed to be smart enough to have gotten out of market before this past week. You did this:
1. You pay unplanned capital gain tax.
2. You will have to time the market to make your re-entry to the market, which could be now. But are you going to re-enter now?
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It isn't necessary to burn it all down to make it better, that's the worse way possible to improve things.