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vincent’s journal

Stocks are officially F'd

· 🌡️ 52°F

Yea, it looks like we're going to go below Dow 7000.

But the market is going to come back, Just as the suckers that are still waiting for NASDAQ 5000 back in March of '00 We're soon to be @ NASDAQ 1000 in a month or two.

Just keep on shorting stocks as right now as tha'ts the only way to make money. When that 12 year support was broken around 7600 from when Bill Clinton was still in office it just opened the floodgates breaking the levy. So all those gains for the last 12 + years are now toast.

Now I ask how many kids are going to be helping out their parents until they die, instead of collecting a nice inheritance & blowing it on a Corvette & Harley with a vacation home somewhere warm to go along with it?
135 words

💬 3 comments

  1. gardenmama ·

    Yeah, I keep watching my incredible shrinking retirement account, wondering WTF am I doing continuing to contribute money to this. Aside from the pre-tax aspect, there is NO benefit to this. I could truly just open the window and throw money out and it would be about the same effect. Perhaps I should stop the retirement deduction and pay down some debt. That way, though I'll get screwed in taxes, I'll at least not be getting screwed in debt-interest and investment loss.

  2. libertad ·

    The stocks should most likely go up eventually. You are buying stocks when they are down but will eventually rebound. I have more faith in that now but I am certainly no financial adviser. I don't really know what to do in my situation. Maybe I'll make a journal about that sometime.

  3. drew ·

    Paying off debt before investing is wise, unless there is a ridiculously low interest rate on the debt.

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