ADVERTISEMENT

Stock market update

NittanyLionRoar said:
I’m a school counselor, how do you know what I tell kids? If a kid walked in my office asking for help with their postsecondary plans and I said “follow your dreams,” they’d laugh and walk right back out. Hell, I’d probably laugh and walk out on myself too lol.

But I do have to say, it was a massive mistake for the government to push “college for all” from the 1980’s until recently. It was both Republican and Democrat administrations that did it and its consequences are wide ranging.

Btw, “guidance counselor” is an outdated term, it hasn’t been used in nearly 30 years.
Click to expand...
I work in education and have been in multiple school systems and states. Everywhere I’ve worked they are called guidance counselors and their collective group is called the guidance department. That would be in Pennsylvania, Maryland and Delaware and my cousin is a guidance counselor in North Carolina so that’s four states.

Also, one of the biggest complaints that I have with those guidance counselors is that many of them only tell the kids something like what the other poster mentioned, “ Follow your dreams” or something like that. Thankfully, now as someone who has an administrative type role, I can call them out about not giving a child the best rationale to guide their high school scheduling.
 
  • Like
Reactions: Hotshoe, jjw165, Jerry and 1 other person
NittanyLionRoar said:
I’m a school counselor, how do you know what I tell kids? If a kid walked in my office asking for help with their postsecondary plans and I said “follow your dreams,” they’d laugh and walk right back out. Hell, I’d probably laugh and walk out on myself too lol.

But I do have to say, it was a massive mistake for the government to push “college for all” from the 1980’s until recently. It was both Republican and Democrat administrations that did it and its consequences are wide ranging.

Btw, “guidance counselor” is an outdated term, it hasn’t been used in nearly 30 years.
Click to expand...
Way to personalize a general (and factual) statement
 
19333lion said:
That made me roll!
Click to expand...
It really didn’t take all that much to be a multi millionaire. If you were a professional couple and got on when the elevator came down in 2008 and stayed fully invested until today you should be in great shape.
 
NittanyLionRoar said:
I’m a school counselor, how do you know what I tell kids? If a kid walked in my office asking for help with their postsecondary plans and I said “follow your dreams,” they’d laugh and walk right back out. Hell, I’d probably laugh and walk out on myself too lol.

But I do have to say, it was a massive mistake for the government to push “college for all” from the 1980’s until recently. It was both Republican and Democrat administrations that did it and its consequences are wide ranging.

Btw, “guidance counselor” is an outdated term, it hasn’t been used in nearly 30 years.
Click to expand...
I'm basing my comment on what both of my kids and their friends were told by school counselors. I was made to be the bad guy by telling them that while it's important to pursue a career in something you enjoy it's equally important to choose a field where you can make a good living.

I bet half of all college students wind up in a relatively low playing job that had nothing to do with their major. Even worse a lot of them are graduating with substantial debt.

If you persuade your kids to avoid this kind of trap I applaud you.
 
  • Like
Reactions: Jerry and bison13
bdroc said:
Politicians get elected by promising free stuff. They lose elections by proposing to take stuff away. That's why NOBODY is proposing a fix to entitlement trust funds.
Click to expand...
And why a libertarian can never get elected to national office
 
Kasparaitis said:
It really didn’t take all that much to be a multi millionaire. If you were a professional couple and got on when the elevator came down in 2008 and stayed fully invested until today you should be in great shape.
Click to expand...
Your elevator certainly doesn't reach the top floor, Bushwood Gasbagtits.
 
bison13 said:
I work in education and have been in multiple school systems and states. Everywhere I’ve worked they are called guidance counselors and their collective group is called the guidance department. That would be in Pennsylvania, Maryland and Delaware and my cousin is a guidance counselor in North Carolina so that’s four states.

Also, one of the biggest complaints that I have with those guidance counselors is that many of them only tell the kids something like what the other poster mentioned, “ Follow your dreams” or something like that. Thankfully, now as someone who has an administrative type role, I can call them out about not giving a child the best rationale to guide their high school scheduling.
Click to expand...

Maybe this is one small detail that helps explain why you keep telling us you work in absolute hellholes, with terrible teachers and students (and, of course, you're the oasis of awesomeness that has it all figured out). They're the only places that would hire you.

Up here, in civilization, we call them school counselors.
 
bison13 said:
I work in education and have been in multiple school systems and states. Everywhere I’ve worked they are called guidance counselors and their collective group is called the guidance department. That would be in Pennsylvania, Maryland and Delaware and my cousin is a guidance counselor in North Carolina so that’s four states.

Also, one of the biggest complaints that I have with those guidance counselors is that many of them only tell the kids something like what the other poster mentioned, “ Follow your dreams” or something like that. Thankfully, now as someone who has an administrative type role, I can call them out about not giving a child the best rationale to guide their high school scheduling.
Click to expand...
Oof, yeah, then it sounds like you have been in places with completely outdated practices. No wonder you think it's awful. No graduate program in Secondary School Counseling has trained "guidance" counselors in close to 30 years. Here's a brief history: https://www.gse.harvard.edu/ideas/ed-magazine/19/08/what-happened-guidance-counselor

Hahaha and I can tell you with 100% certainty that "follow your dream" is not a counseling technique/strategy. I got my masters degree at PSU and never heard that uttered once in my graduate program ... it makes me want to puke even thinking that someone would think about saying that. If you legitimately hear any counselor say that, send them back to PSU's program for some re-education.
 
NittanyLionRoar said:
Oof, yeah, then it sounds like you have been in places with completely outdated practices. No wonder you think it's awful. No graduate program in Secondary School Counseling has trained "guidance" counselors in close to 30 years. Here's a brief history: https://www.gse.harvard.edu/ideas/ed-magazine/19/08/what-happened-guidance-counselor

Hahaha and I can tell you with 100% certainty that "follow your dream" is not a counseling technique/strategy. I got my masters degree at PSU and never heard that uttered once in my graduate program ... it makes me want to puke even thinking that someone would think about saying that. If you legitimately hear any counselor say that, send them back to PSU's program for some re-education.
Click to expand...
If not a guidance counselor what do they call people of your pedigree?
 
  • Like
Reactions: bison13
bdroc said:
I'm basing my comment on what both of my kids and their friends were told by school counselors. I was made to be the bad guy by telling them that while it's important to pursue a career in something you enjoy it's equally important to choose a field where you can make a good living.

I bet half of all college students wind up in a relatively low playing job that had nothing to do with their major. Even worse a lot of them are graduating with substantial debt.

If you persuade your kids to avoid this kind of trap I applaud you.
Click to expand...
Absolutely. When students reach the stage they start putting the nuts and bolts of their plan together in 11th grade, I go into all of their classrooms to make sure they're putting together a plan that's realistic and personally beneficial. One of my first messages is that it doesn't make sense to go into a crazy amount of debt for a major that won't actually lead to a financially stable future, so I urge them to look at specialized certification programs, associate's degrees, community college (for which they can transfer to 4-year college and will have saved about 40-50% in tuition and it's easier to get into top colleges from), and do their college search not by reputation but by the major/career that they plan to do. Then I spend the next year-and-a-half presenting them with all kinds of financial data, job outlook data, how their own academic achievement data relates to the training program/college info they're planning for, and information about multiple pathways to achieve their goals. I'm also very direct about their chances if their goal isn't lining up with the data I show them and I make them take the steps to put actual alternative plans in place so they're not scrambling if it doesn't go their way.

That's the difference between a school counselor and a guidance counselor who tells kids to just ... "follow your dream" ... lol.
 
  • Like
Reactions: bdgan
NittanyLionRoar said:
Oof, yeah, then it sounds like you have been in places with completely outdated practices. No wonder you think it's awful. No graduate program in Secondary School Counseling has trained "guidance" counselors in close to 30 years. Here's a brief history: https://www.gse.harvard.edu/ideas/ed-magazine/19/08/what-happened-guidance-counselor

Hahaha and I can tell you with 100% certainty that "follow your dream" is not a counseling technique/strategy. I got my masters degree at PSU and never heard that uttered once in my graduate program ... it makes me want to puke even thinking that someone would think about saying that. If you legitimately hear any counselor say that, send them back to PSU's program for some re-education.
Click to expand...
Funny how MD is ranked from #1 to #3 in the country for education and the county I work in has been named #1 school system in the state multiple times and yet we still use 30 year old "guidance counselor" names. 25 years in education and it is this way EVERYWHERE, good grief....

Also, what I said about the chase your dreams stuff is completely factual. Guidance counselors ask kids what their goals are in life and show them an academic path. Most of the time the path is unrealistic, like pro athlete or rapper/entertainer but they still tell the kids to do what it takes to get there.

Where in the world do you work and what is the title? Must be some high brow private school
 
PurposePitch said:
Maybe this is one small detail that helps explain why you keep telling us you work in absolute hellholes, with terrible teachers and students (and, of course, you're the oasis of awesomeness that has it all figured out). They're the only places that would hire you.

Up here, in civilization, we call them school counselors.
Click to expand...
We. Ha ha. Army of one.
 
PurposePitch said:
And you just admitted you need a counselor. Good lord. You STILL haven't figured out how to use that phrase. Sad.
Click to expand...
Keep running your mouth, Thurston. Your desperation to be relevant is hilarious. Time for user name #11. Perfect Pitch is running out of steam.
 
bdroc said:
Assume a couple with a combined income of $100,000 saves $10,000 per year starting at age 25. By the time they reach 60 they'll have more than $3 million.
Click to expand...

Why are you replying to me, bdgan/bdroc? I'm not involved in this silliness.
 
Mark Cuban said if he was a kid today he would get certified as an AI Scripter. IBM has a program that only takes about a month and you can make 6 figures.
 
Kasparaitis said:
Because you’re a dense know-it-all and he’s trying to teach you something if you would just stop shouting look at me and listen.
Click to expand...
You were amazed to finally find out that 35 x 10,000 > 3,000,000. This is a deep thread. Maybe tomorrow he can teach you that the glue goes on the paper, not in your mouth.
 
bison13 said:
Funny how MD is ranked from #1 to #3 in the country for education and the county I work in has been named #1 school system in the state multiple times and yet we still use 30 year old "guidance counselor" names. 25 years in education and it is this way EVERYWHERE, good grief....

Also, what I said about the chase your dreams stuff is completely factual. Guidance counselors ask kids what their goals are in life and show them an academic path. Most of the time the path is unrealistic, like pro athlete or rapper/entertainer but they still tell the kids to do what it takes to get there.

Where in the world do you work and what is the title? Must be some high brow private school
Click to expand...
Well that would put you in either Montgomery County or Howard County and both of those districts in MD most certainly do not use the term "guidance counselor." So if you're using the term, it's you who hasn't changed with the times:

Montgomery County Public Schools - School Counseling Services

Howard County Public School System - School Counseling

I work nearby in Fairfax County Public Schools, Virginia and our school counseling programs across the region (Maryland, Delaware, VA) collaborate, share resources, attend professional development and conferences together, and even use the same scheduling/career exploration software. Maybe you should visit one of the counselors and just ask them to clarify if you've been calling them the wrong thing this whole time?
 
Haha and on top of that, bison13, the Maryland State Department of Education has a code mandating the development and implementation of comprehensive school counseling programs. Here's the code: https://marylandpublicschools.org/about/Documents/DSFSS/SSSP/SchoolCounseling/SchoolCounselingCOMAR.pdf

There's a reason you won't find the word "guidance" in either of those links. And if you dig deeper into what Maryland mandates as the school counselor's role in college and career readiness, you are not going to find anything about "follow your dream."

You really hear counselors advise kids to be pro athletes and rock stars? When and where do you hear that?? Either you have a rogue counselor out there saying stuff they're not supposed to or you just think that's what school counselors say. Just like you think they're called "guidance counselors."
 
The big question regarding the capital markets is if we will go into a recession in the next year or two. You would think there is going to be a correction in the next 3-6 months but even a 10% correction means investors gained +10-12% since the start of 2024. I don't think a recession is imminent but maybe I'm an unrealistic optimist.
 
ryoder1 said:
The big question regarding the capital markets is if we will go into a recession in the next year or two. You would think there is going to be a correction in the next 3-6 months but even a 10% correction means investors gained +10-12% since the start of 2024. I don't think a recession is imminent but maybe I'm an unrealistic optimist.
Click to expand...
One of the problems with recessions is nearly no one sees it coming. People spend years calling for recessions, shorting the market, or standing on the sideline wayyyy too long watching all the gains pass them by. Only after every last bear has been exhausted and gives up, buying into the market at the top, does it crash into a recession.
 
Good test board topic and another reason this ha become a trash forum run by an extremely incompetent manager. I am glad I don't waste much time here.
 
  • Like
Reactions: Ski
ryoder1 said:
The big question regarding the capital markets is if we will go into a recession in the next year or two. You would think there is going to be a correction in the next 3-6 months but even a 10% correction means investors gained +10-12% since the10 start of 2024. I don't think a recession is imminent but maybe I'm an unrealistic optimist.
Click to expand...
I don't see a recession right now but one thing that could trigger a slowdown is high consumer debt.

I do expect a 10% correction before too long. Stock prices have grown much faster than earnings. That can go for a while but sooner or later it catches up to you.
 
bdroc said:
I don't see a recession right now but one thing that could trigger a slowdown is high consumer debt.

I do expect a 10% correction before too long. Stock prices have grown much faster than earnings. That can go for a while but sooner or later it catches up to you.
Click to expand...
Watch the video I just posted. It is scary as hell. And non political as he said both candidates are the worst possible at this time.
 
The Spin Meister said:
If you are an investor this is a must see interview.


john.paul tudor - Google Search

www.google.com
Click to expand...
I don't agree with everything he says. For example he talks about debt reduction from allowing the tax cuts to expire. The problem is that would slow the economy and cause revenue to decline. No way would you get the whole $390 billion.

I do agree with his basic points about rising out of control debt. But here's the problem. Neither Harris or Trump will cut spending. Furthermore neither will raise enough revenue to offset continued high spending.
 
Last edited:
bdroc said:
I don't agree with everything he says. For example he talks about debt reduction from allowing the tax cuts to expire. The problem is that would slow the economy and cause revenue to decline. No way would you get the whole $390 billion.

But I do agree with his basic points about rising out of control debt. But here's the problem. Neither Harris or Trump will cut spending. Furthermore neither will raise enough revenue to offset continued high spending.
Click to expand...
I don’t agree with everything he said either. Andrew Sorkin, the interviewer, is a hard core lib and directed the conversation in his preferred direction.

But the gist that we are headed for Armageddon is something I have been saying on this board for ten years. We have massive, insurmountable debt problems. It won’t be pretty.
 
  • Like
Reactions: bdroc
The Spin Meister said:
I don’t agree with everything he said either. Andrew Sorkin, the interviewer, is a hard core lib and directed the conversation in his preferred direction.

But the gist that we are headed for Armageddon is something I have been saying on this board for ten years. We have massive, insurmountable debt problems. It won’t be pretty.
Click to expand...
I think Armageddon is a strong word but I do think we're seeing a gradual decline as the world's superpower. Like I said politicians (on both sides) get elected by promising free stuff and lose elections by proposing we take free stuff away.

As Alexander Tytler said: "A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy"​


Or as Ronal Reagan said: “The nearest thing to eternal life we will ever see on this earth is a government program.”
 
  • Like
Reactions: Ski
The Spin Meister said:
I don’t agree with everything he said either. Andrew Sorkin, the interviewer, is a hard core lib and directed the conversation in his preferred direction.

But the gist that we are headed for Armageddon is something I have been saying on this board for ten years. We have massive, insurmountable debt problems. It won’t be pretty.
Click to expand...
bdgan said:
I think Armageddon is a strong word but I do think we're seeing a gradual decline as the world's superpower. Like I said politicians (on both sides) get elected by promising free stuff and lose elections by proposing we take free stuff away.

As Alexander Tytler said: "A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy"​


Or as Ronal Reagan said: “The nearest thing to eternal life we will ever see on this earth is a government program.”
Click to expand...
Just keep this in mind about hedge fund managers...they hedge and by definition that makes them incorrect more than they are correct. First, nearly all hedge fund managers lag the S&P. Second, they spent every day from the moment Obama was elected claiming there would be a double-dip recession and the stock market did nothing but go up for 10 years until Trump was in office and then we actually did have a recession. Then they spent every day since Biden was elected claiming there would be a recession and there hasn't been. Third, there is in no way a positive argument for Trump in here because Trump drove the debt up more during his four years than any president in history.

Also, did you catch this? He thinks the polling is shifting toward Trump so he positioned himself in inflation trades...he thinks Trump will reignite inflation. Again, he's hedging so he'll probably be wrong. I bet Kamala wins and you see that typical panic rotation in stocks in the week after the election as they reposition. But anyways...

I tend to agree with bdgan based on past history. Typically, countries get to own the world's reserve currency for 100 years before they fizzle. We're at year 80, so based on the average we have 20 more years to go (plus or minus some) and that makes sense with our finances. This isn't a political thing, it's just a macroeconomic cycle that occurs in every era of history. And the countries that eventually fizzled did just that, they don't typically crash and burn hard. They just sorta don't do as well year after year.
 
How do you folks NOT learn to not create political posts?

It's crazy just how often you guys purposefully violate that directive. Impulse control ... use it.
 
NittanyLionRoar said:
Just keep this in mind about hedge fund managers...they hedge and by definition that makes them incorrect more than they are correct. First, nearly all hedge fund managers lag the S&P. Second, they spent every day from the moment Obama was elected claiming there would be a double-dip recession and the stock market did nothing but go up for 10 years until Trump was in office and then we actually did have a recession. Then they spent every day since Biden was elected claiming there would be a recession and there hasn't been. Third, there is in no way a positive argument for Trump in here because Trump drove the debt up more during his four years than any president in history.

Also, did you catch this? He thinks the polling is shifting toward Trump so he positioned himself in inflation trades...he thinks Trump will reignite inflation. Again, he's hedging so he'll probably be wrong. I bet Kamala wins and you see that typical panic rotation in stocks in the week after the election as they reposition. But anyways...

I tend to agree with bdgan based on past history. Typically, countries get to own the world's reserve currency for 100 years before they fizzle. We're at year 80, so based on the average we have 20 more years to go (plus or minus some) and that makes sense with our finances. This isn't a political thing, it's just a macroeconomic cycle that occurs in every era of history. And the countries that eventually fizzled did just that, they don't typically crash and burn hard. They just sorta don't do as well year after year.
Click to expand...
No politics. The recession in 2019 was due to covid.

I don't know what inflation will be like going forward but I don't see prices coming back down anytime soon. There is still a large amount of government stimulus in the system and both parties promise more. Look at what's happened to wages. Nurses, Auto Workers, Port Workers, Truck Drivers, Teachers, UPS, Pilots, etc have all succeeded in winning large pay increases that took effect immediately and over time. A lot of this has trickled down to non union jobs. None of these people are going to accept pay cuts. I don't expect 9% inflation again unless there is an external event like war. I also don't expect 1.4% inflation anytime soon. Right now it's running a little over 2% but I can certainly see it creeping back up over 3%.

Back to the stock market..... Stock prices have grown faster than corporate profits. Eventually that catches up to you.
 
You must log in or register to reply here.

Similar threads

R

New Bull Market

Replies
12
Views
309
Current Events Board
FlyinLion1
FlyinLion1
M

There's Nowhere To Hide In Biden’s Bear Market

Replies
8
Views
526
Current Events Board
junior1
J
bdgan

Eye of the storm?

Replies
8
Views
683
Current Events Board
The Spin Meister
The Spin Meister
KnightWhoSaysNit

At what level is the Fed Put?

Replies
1
Views
458
Current Events Board
KnightWhoSaysNit
KnightWhoSaysNit
H

People ask when to get out of the stock market - looks like soon

Replies
27
Views
2K
Current Events Board
HartfordLlion
H
ADVERTISEMENT

Latest posts

ADVERTISEMENT
Top Bottom
Back