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Post by missouriboy on Apr 26, 2024 3:47:15 GMT
A good conversation here with Former Advisor to President Reagan and Professor of Economics, Steve Hanke.
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Post by missouriboy on May 1, 2024 0:17:58 GMT
Looking decicedly downish.
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Post by duwayne on May 3, 2024 14:06:13 GMT
Back in February I posted here that I had sold half my equity holdings (SPY) at 517. Today I bought half of that back at 510. I did make a little bit of money ($10 dollars/share) on that trade plus some money market interest (5.3% annual) on the temporarily idle cash. I'm now at 75% of my standard equity holding.
I still believe there will be a 10% decline from the S&P 500 high this year, but I'm concerned that the high could be higher than the current high.
Normally I do not try to trade the 10% declines and maybe I'll relearn why I don't do that on the 25% of cash (Money market at 5.3%) that I currently don't have invested in stock.
Again, I'm not making any recommendations for others. I post this for my own benefit to make sure I'm thinking clearly.
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Post by walnut on May 3, 2024 16:04:33 GMT
Looking decicedly downish.
It has been a little surreal to keep hearing that Biden's economy is strong, but I'm kinda getting used. To it. And for some reason our living room light gets dim just after dinner every night, and we thought we could hear someone up in the attic?
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Post by missouriboy on May 3, 2024 16:32:17 GMT
Looking decicedly downish.
It has been a little surreal to keep hearing that Biden's economy is strong, but I'm kinda getting used. To it. And for some reason our living room light gets dim just after dinner every night, and we thought we could hear someone up in the attic? That guy in the red suit won't to passing gifts your way. You've got the wrong party badge.
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