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Interest rates inverted. Fear of recession. DOW down over 600 points.

1,559 360 August 14, 2019 at 09:05 AM
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Last Edited by shinyraindrops August 14, 2019 at 09:08 AM
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Household debt higher than it was in 2007. Bankruptcies are on the uptick. More and more signs that the economy is taking a downturn. The problem is that we burned all our mechanisms to boost the economy these last couple of years. What are we going to do now?

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#2
Can we stop making threads like this is some sort of news outlet?
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#3
OP,
It may be helpful to read the finance forum FAQ.

That said, we do have a great place for you to discuss some of your recent thread topics. Feel free to visit out Podium forum. I think you will see that your general "X is happening" threads here are covered and actively being discussed.
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#4
Quote from uniquename
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OP,
It may be helpful to read the finance forum FAQ.

That said, we do have a great place for you to discuss some of your recent thread topics. Feel free to visit out Podium forum. I think you will see that your general "X is happening" threads here are covered and actively being discussed.
I have read the FAQ. This post is permitted under the FAQ. We are not allowed to discuss specific stocks, although many people do, but are allowed to discuss overall economic conditions. Which is what this post does. Economics fits right in with finance doesn't it? In fact, discussions of news events in the economy was given as an example of what should be posted in this forum. From the FAQ.

"To give everyone a clear picture of what we expect, a big news topic over the next few weeks will probably be the CARD Act. "
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Last edited by shinyraindrops August 14, 2019 at 11:29 AM.
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#5
Quote from Dr. J
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Can we stop making threads like this is some sort of news outlet?
According to the FAQ, news items are what should be posted in this forum. Perhaps you are in the wrong forum. This was given as an example of what to post in the FAQ.

"To give everyone a clear picture of what we expect, a big news topic over the next few weeks will probably be the CARD Act. "
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#6
Quote from shinyraindrops
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I have read the FAQ. This post is permitted under the FAQ.

If it were against the rules, I would simply have pulled it. It just doesn't fit in the spirit of what most post here. I thought you desired discussion on the topics, so I let you know where they are actively being discussed. If you prefer it here, that's fine with me. Just tried to help.
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Quote from shinyraindrops
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According to the FAQ, news items are what should be posted in this forum. Perhaps you are in the wrong forum. This was given as an example of what to post in the FAQ.

"To give everyone a clear picture of what we expect, a big news topic over the next few weeks will probably be the CARD Act. "
My point was you are creating multiple threads basically parroting the news cycle. This is not CNN, we don't need threads created all the time discussing the exact same things, it pollutes the forums.
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#8
Quote from shinyraindrops
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Household debt higher than it was in 2007. Bankruptcies are on the uptick. More and more signs that the economy is taking a downturn. The problem is that we burned all our mechanisms to boost the economy these last couple of years. What are we going to do now?
What am I going to do? Keep living my life just as always and sticking to the things I have control over and like always my financial position will continue to get stronger every day no matter what the latest "sky is falling" pending disaster the headlines show today.

Why stress out about things beyond my control?
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I like what she said, not what it means.

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#9
if u can't take the heat...

I've saved up fat while watching everyone else spend like its going out of style, I'll be swooping their houses up soon again.
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Quote from Iaaaiws
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Why stress out about things beyond my control?
Because it fills the void in some people. It's a path that is similar to greed or addiction, people can't feel alive if they are not in constant fear or worry.

That's why lots of people (including me) check late night talk shows that are full of satires and political criticisms. That makes me feel I know something important. In reality, it doesn't really help me move towards my goals. I actually have risks of losing my job or friends if I appear to be on the extreme end of my political view at the wrong time.

I am going to change. But old habits is hard to overcome.
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#11
I put more money in the market personally
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Quote from dhodson
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I put more money in the market personally
My close friend that I talk money with thought I was nuts to put more in (as much as I could) from 2006-2010 or so. It worked out very well for me. I knew I wasn't retiring soon, so I went in as much as I could.
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#13
Quote from Dr. J
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My point was you are creating multiple threads basically parroting the news cycle. This is not CNN, we don't need threads created all the time discussing the exact same things, it pollutes the forums.
Nothing forces you to read them. Practice some self control and don't.
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#14
Quote from dhodson
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I put more money in the market personally
I, by blind luck, sold a bunch 2 days ago when it was up 400 points. Then I used half of those proceeds to buy back in at down 750ish yesterday. Ended down a bit for the day. I'm about even right now. I was hoping for more of a bounce today to get back out. The market has gone now where in 1.5 years. It's been dead money if you just invest and sit. Just trade the volatility with tight stops in case the big fall happens.
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Last edited by shinyraindrops August 15, 2019 at 10:27 AM.
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Quote from shinyraindrops
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I, by blind luck, sold a bunch 2 days ago when it was up 400 points. Then I used half of those proceeds to buy back in at down 750ish yesterday. Ended down a bit for the day. I'm about even right now. I was hoping for more of a bounce today to get back out. The market has gone now where in 1.5 years. It's been dead money if you just invest and sit. Just trade the volatility with tight stops in case the big fall happens.
Sure, if you've only done whole market index funds. There has been plenty of movement throughout in sectors and stocks
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