ASS. BEATING. 
Market reaction to Penn State still playing football and beating the sec. (Get it?)
Market reaction to Penn State still playing football and beating the sec. (Get it?)
Dow down 800 points. (9/20/21)
- Thread starter BobPSU92
- Start date
This was preceded by a big sell off in the Asian markets in part due to problems with the Chinese property markets. In a related matter, Workhorse is now trading at $8.09 per share. Oops
Hey! How's crypto-currency doing?
www.cnbc.com
This will be fun to watch.
Bitcoin tumbles nearly 10% as El Salvador adopts it as legal tender
Bitcoin fell Tuesday after hitting its highest level since May as El Salvador became the first country to adopt the cryptocurrency as legal tender.
This will be fun to watch.
GME is still $186 today in spite of getting hammered by 8%. Crypto is a mess today, too, my mining profits dropped 15% overnight.
I've been predicting a market crash for months and expected it before the end of the year. I'm not certain this is it quite yet but it's definitely coming.
This market is wayyyyy overdue for a big one to the sack how we dodged it for the past 2 years is beyond me and I was a broker for over 50 years - now retired and in cash
Agree. It should have occurred in 2020, and why it didn't I'll never know. IMO it is still much too high. Also, neither party dares to ever mention the national debt. It will be interesting to see what it takes to also cool off the overheated housing market.This market is wayyyyy overdue for a big one to the sack how we dodged it for the past 2 years is beyond me and I was a broker for over 50 years - now retired and in cash
Countries banning crypto shouldn't be a complete surprise - what sovereign would willingly forego seigniorage and tax revenue in place of something they have no control over.
Bitcoin and ethereum sink as China intensifies crackdown on cryptocurrencies
https://www.cnbc.com/2021/09/24/bitcoin-ethereum-sink-as-china-intensifies-crypto-crackdown.html
https://www.cnbc.com/2021/09/24/bitcoin-ethereum-sink-as-china-intensifies-crypto-crackdown.html
Don't worry, you'll be right eventually. I've got a few friends that have been hiding in cash since October 2012 (just before the election). Do you think they'll get an opportunity to jump back into the market? When?This market is wayyyyy overdue for a big one to the sack how we dodged it for the past 2 years is beyond me and I was a broker for over 50 years - now retired and in cash
Human psychology being what it is once you get out you build up a impossible scenario to reenter . History favors the bold but that has to be tempered with why you are in the market in the first place . Golden rule don't be where you don't need to be. Greed is not a bad word just ask Warren but you have to give yourself a chance to outpace inflation and assume today's dollars will buy you less at retirement . Big difference between all these junk alternate money strategies and being in a sound diversified portfolio . Work your ass off at whatever you love go as hard as you can build up that shield because one day old age will make you an economic coward. I always told my people ride that horse as long and as hard as you can if he starts to falter we get on another one NEVER EVER fall in love with a particular investment because brother that is a one sided deal. I am mostly in cash now at my age simply because I have chased gold for a long time and I was rewarded for my 50+ years but that is a thrill I have had now replaced with other interests. Remember no one gets out alive and sitting on a pile of gold bricks is unrewarding as hell . Earn it then go spent it
I think this is the fourth time this year China has banned crypto.
China doesn't like crypto primarily because they can't control it. They also don't like crypto because certain currencies consume massive amounts of electricity (and cause theft of such) with Proof of Work blockchains.
This is nothing new. When China banned crypto mining in July, the hash rates for BTC and similar dropped by 30-40%. Some of that has recovered as miners moved to Russia and Kazakhstan but there's not much capacity left and it seems the US is about tapped out for publicly available capacity. I'm working on putting together a small facility with large expansion capability to take advantage of the push out of China and Iran.
Dang, this is some post. Classic.Human psychology being what it is once you get out you build up a impossible scenario to reenter . History favors the bold but that has to be tempered with why you are in the market in the first place . Golden rule don't be where you don't need to be. Greed is not a bad word just ask Warren but you have to give yourself a chance to outpace inflation and assume today's dollars will buy you less at retirement . Big difference between all these junk alternate money strategies and being in a sound diversified portfolio . Work your ass off at whatever you love go as hard as you can build up that shield because one day old age will make you an economic coward. I always told my people ride that horse as long and as hard as you can if he starts to falter we get on another one NEVER EVER fall in love with a particular investment because brother that is a one sided deal. I am mostly in cash now at my age simply because I have chased gold for a long time and I was rewarded for my 50+ years but that is a thrill I have had now replaced with other interests. Remember no one gets out alive and sitting on a pile of gold bricks is unrewarding as hell . Earn it then go spent it
I'm sure it's a part. I'm not even really a novice investor. I follow stories and articles. FedEx put out some similarly bad news.
Crypto just seems to spook everything. It's the headline.
Been reading about imminent market corrections for years from many sources. In the meantime indexes are way up and we have record setting bull markets. I hope people don't listen to the talking heads or they have missed out on massive earnings. Time in the market > timing the market.
Yes, I myself have been crazy fortunate. I have honestly done nothing other than to have had pre-tax money taken out at the maximum allowable rate, while I was working, and let it sit. Apparently doing this makes me a financial genius.
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