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Comments (159)
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96
deleted 96 points ago +98 / -2
50
HeavenlyTrumpets 50 points ago +53 / -3

I will enjoy tbh. This asset bubble is a bad joke and the writing has been on the wall since 2015.

31
556x45mm 31 points ago +33 / -2

me rolling around in gold, silver and ammo like Scrooge McDuck

19
Bullet_Tooth_Tony 19 points ago +19 / -0

I have the silver and ammo part while also shorting pos woke stocks as it all plummets. Options are the way.

6
Salacious_B_Trump 6 points ago +6 / -0

Yup. I have 10 different Bear Call spreads on right now.

9
MrTexan 9 points ago +9 / -0

Looks like your covering all the bases.

The golden rule: He who owns the gold makes the rules.

All political power comes from the barrel of a gun. - Mao Zedong

3
Autist_of_Kiev 3 points ago +3 / -0

if you shake your zedong more than three times are you playing with it?

2
NotAPuma 2 points ago +2 / -0

Epic They Live Reference.

2
_Eric_Ciaramella_ 2 points ago +2 / -0

the fuck is that gold and silver gonna do when society collapse?

1
AgentGTO 1 point ago +1 / -0

Do you know the kind of damage you can inflict by slinging a 5oz bar of silver at someones head? :p

1
_Eric_Ciaramella_ 1 point ago +1 / -0

GOOD point

1
deleted 1 point ago +1 / -0
5
Shamb3 5 points ago +5 / -0

This is how I see it (sauce S&P 500)

2000-2013 was a net nothing in the stock market.

If we assume 2015 was a fair price

year / points / earnings

2015 / 2019 / 105.18

2021 / 4776 / 204.05

now / 3828

2015 to 2021

point increase %130

earnings increase %90

2015 to now

point increase %89

Earnings data https://www.multpl.com/s-p-500-earnings/table/by-year

Now if earnings are worse this year, I expect to go a lot lower. If not then I think we are not too far from the bottom. Of course with sleepy joe and Democrats causing supply shortages, how low can we go?

4
ItsOkayToBeWight 4 points ago +4 / -0

Stocks are fickle and prone to overshoots. They can fly right past the bottom, then eventually rebound once confidence in the market is restored.

2
Shamb3 2 points ago +2 / -0

For sure, but in the long term expected earnings is what drives price.

Once a rebound starts, inflation being horrible will make it the best place to put money.

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BeefChucker 31 points ago +31 / -0

REMEMBER THIS IS WITH INFLATION. Without it everything would be 20-30% lower

7
beansieman1911 7 points ago +7 / -0

Came here to say this.

3
JoinTheDiscussion 3 points ago +3 / -0

That gain they have is the effect of inflation over the years

8
Hanging_Chad 8 points ago +8 / -0

Plenty of room for unimprovement

5
Please_Clap 5 points ago +5 / -0

By Design

5
Filthy_MALE 5 points ago +5 / -0

Rarely do I find a comment that makes me want to laugh and cry simultaneously

50
dml2020 50 points ago +51 / -1

You guys know the recession is already here right? They’re just not gonna report/admit it until the 2Q GDP numbers actually come out in July

17
NoFats 17 points ago +17 / -0

This is one time I'm glad they're lying. It would be very easy for them to all coordinate and tank everything. 24/7 economic doom and gloom coverage would do it. That's exactly what they would be doing if GEOTUS was in the White House. Of course none of this would be happening if that was still the case and they'd be forced to report coordinated personal hit pieces instead.

4
dakin116 4 points ago +4 / -0

I think some of this was inevitable as the economy was shut down for almost a year under GEOTUS, unfortunately uniparty cheated their way into power and made it worse

2
Voteordie 2 points ago +3 / -1

I’m not sure trump could’ve stopped this, QE has been propping up the market for a long time and trump openly campaigned to keep rates at 0 which allowed the money machine to keep printing. I think he knew his best chance at winning was to get the market back up after the Covid dip and he did an admirable job doing so, but we are paying for that now and I think we would still be seeing this (albeit to a slightly lesser degree) if he was in power. The bubble has to Pop eventually and it’s better it pops now when it can be scary then in 4 years when it would down right devastating

6
45ForEver2024 6 points ago +6 / -0

He should of never allowed them to shut down America.

-1
NoFats -1 points ago +1 / -2

I think most of the popping is policy related. The price of diesel pays a huge roll in it and that would obviously be less. The trouble in Europe wouldn't be happening either. The rates would have still increased and they would have slowed things up for sure but under Trump it wouldn't have sent us negative.

1
deleted 1 point ago +1 / -0
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deleted 3 points ago +3 / -0
3
powershellder 3 points ago +3 / -0

Leaps on UVXY SQQQ

1
deleted 1 point ago +1 / -0
1
DJTXLV 1 point ago +1 / -0

Did we already miss the opportunity for that?

1
deleted 1 point ago +1 / -0
1
Finessedufool 1 point ago +1 / -0

Can you expand on this for me? I don’t know anything about shorting. Are you allowed to short an ETF? Do you have a general strategy I should follow or maybe some tips?

1
Klown_Schwab 1 point ago +1 / -0

you can buy short ETFs. less risky than actually shorting

1
deleted 1 point ago +1 / -0
1
Wordlife187 1 point ago +1 / -0

Recession is here, yeah. Stagflation is next, followed by a depression by the summer of 2023.

1
adawk91 1 point ago +1 / -0

that is part of the definition of a recession, there's a minimum length of time the negative economic growth must go on for. of course we will def. hit that in July like you are saying, unless the federal reserve pulls a rabbit out of a hat.

1
freundwich 1 point ago +1 / -0

Well, that's how you define a recession (2 consecutive quarters of negative GDP), so yeah.

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MagaDistributor 23 points ago +23 / -0

The sanctions are Wile E Coyote level self inflicted wounds for the West.

6
Kekintosh2020 6 points ago +6 / -0

The West were the targets of the sanctions, the war is the cover to prevent revolt. If they just implemented BBB without a pretext, it would be self defeating.

3
YOLOSwag_McFartnut 3 points ago +3 / -0

Meep meep

1
Voteordie 1 point ago +1 / -0

The dollar is also gaining on most other currencies, the strength really doesn’t mean much. Those investing in the ruble are assuming they will see some deflation in Russia that will lead to a spike in the ruble strength while investors are fleeing to the dollar as a safe haven.

2
luckyshot 2 points ago +2 / -0

Biden stripped Russia's ability to use the U.S. dollar to trade commodities. Putin then asked countries to purchase their commodities in Rubles and that's when their currency rebounded. Most of Europe is now purchasing natural gas in rubles.

Biden's sanctions have backfired. https://www.bloomberg.com/news/articles/2022-05-12/ten-more-european-gas-buyers-open-ruble-accounts-for-payments

21
HeavenlyTrumpets 21 points ago +23 / -2

The truth is it never should've been allowed to balloon like it did, along with all assets. Interest rates should've gone up and stayed up 7-8 years ago. That's not to mention all the "stimulus $ which of course contributed.

12
Newuser99 12 points ago +12 / -0

All that PPP free money plus unemployment claims rubber stamped. But hey at least fast food chains have to pay $15/hr to the Bernie supporters!

3
dakin116 3 points ago +3 / -0

Saw a sign at Buc Es or whatever it’s called, giant gas station, in South Carolina starting at $22/hr. I’m a programmer but that’s getting close to the point where I say fuck the salary job and start working hourly

1
grenades_and_ham 1 point ago +1 / -0

I moonlight behind the Wendys dumpster.

3
mnguy12000 3 points ago +3 / -0

15?? Try 17+ Fren

3
KekistanPM 3 points ago +3 / -0

Only 17? But that's not nearly enough compensation for someone who gets fast food orders wrong on a regular basis!

3
FART_IN_THE_TOILET 3 points ago +3 / -0

This guy knows things ^^^

2
Klown_Schwab 2 points ago +2 / -0

stock market went up because of near zero interest rates.

now the Fed is raising interest rates so it's going down.

The number one driver of the stock market is Fed policy. It's a joke.

And they're not raising interest rates enough to actually combat inflation - only enough to bring down asset prices - so middle class people with their 401ks and savings accounts get double fucked.

It's almost like the specifically designed this policy to screw over the middle class.

19
4DHopscotch 19 points ago +20 / -1

6uild 6ack 6etter!!

17
EuphoricTrillby 17 points ago +17 / -0

It’s like we printed all those $trillions for nothing

11
Vlad_The_Impaler 11 points ago +11 / -0

Build Back Better DERRRRRRRRRrrrrrp

Has anyone seen any of these great INFRASTRUCTURE projects in your local communities?

You know? The TRILLION DOLLAR INFRASTRUCTURE BILL that was supposedly going to build the country back? LOL What happened to that money? Media memory holed that shit quick. I guess the trillions were laundered fast and then we had to find a boogie man. Who better than our 2nd favorite boogie man Russia. Only to be surpassed by the evil white supremacist nationalist we must all be afraid of.

Biden signs $1 trillion bipartisan infrastructure bill into law, unlocking funds for transportation, broadband, utilities NOV 15 2021 https://archive.ph/OXmNr

half a year later no infrastructure anywhere to be seen.

3
RaberContour 3 points ago +3 / -0

But Ukraine is getting weapons briskly

10
HyperCarbs 10 points ago +10 / -0

March 2020: COVID dip

Dec 2018: market correction

Shut up, but the dip, and hold. You'll be better off a few years down the line.

7
Powdered_Sugar 7 points ago +7 / -0

This is my approach. My account manager is holding my assets in cash until the real bottoming out. I intend to buy and hold for the duration. If the economy totally tanks and the dollar goes defunct then my retirement will be the least of my worries. If it rebounds the I'll be sitting pretty.

1
Burisma 1 point ago +1 / -0

If anyone is holding your cash it might as well be you. Just a tip.

1
Powdered_Sugar 1 point ago +1 / -0

It was a 401k that I transition into an Ira. I can't draw on it yet.

3
mathteach314159 3 points ago +3 / -0

I am going to start dropping in money a little at a time because it will go lower than it is right now, and I think by a good amount. But I dont want to kick myself for not putting any at all waiting for the perfect sale price that may never come.

As an example, I put everything I wanted to into the market when the dow crossed 24k in 2020. It kept going down to 16k after that and I was kicking myself that I didn’t have more to drop in. That being said I was still happy buying in when I did, just could have been better.

2
StMike 2 points ago +2 / -0

Become friends with a congressman - short and buy on their queue

1
dakin116 1 point ago +1 / -0

Yup, they do this every few years to scare the 401k plebs into selling, then it goes bear and they scoop up all the losses at a discount

1
RaberContour 1 point ago +1 / -0

Yeah, I will just keep buying all these dips, mostly on dividend yielding blue chips

10
Benwa1985-2 10 points ago +10 / -0

We're up 46% in 5 years. I wonder what happened about 5 years ago to make the stock market explode upward? 🤔

4
Chaylar 4 points ago +4 / -0

Obama found his magic wand.

4
geekesmind 4 points ago +4 / -0

Yeah it was big mikes dick!

3
Tardigrade 3 points ago +3 / -0

An eclipse

1
al-phabitz89 1 point ago +1 / -0

Economic nationalism happened.

7
ohpleaseuhhelpame 7 points ago +7 / -0

You know the thing...he don't give a shit.

6
Cyer6 6 points ago +6 / -0

Their new press propagandist just said the other day that they don't pay attention to the stock market.

4
TommyLasordasBallBag 4 points ago +4 / -0

Not like their cushy gov retirement depends on it. I honestly hate these people

2
deleted 2 points ago +2 / -0
2
MightyEighth 2 points ago +2 / -0

That was probably true

7
wantstogomoon 7 points ago +8 / -1

Dow jones got LOW LOW LOW LOW LOW LOW LOW LOW, Them baggy sweat pants and the Reebok's with the straps! Dow jones turned around and gave those big gains a smack! It hit the floor Next thing you know Dow jones got LOW LOW LOW LOW LOW LOW LOW LOW BIDEN -- he was NOT worth the money!

4
Pepbrandt 4 points ago +4 / -0

T-Paiiiiiiinnnnnn

Personal note: It took me years before I realized Flo Rida was a play on Florida. Doh!

3
anon9361 3 points ago +3 / -0

Me too Fren!

6
henri_derelicte 6 points ago +6 / -0

Word choice is important. Joe Biden didn’t take office. He seized power. Big difference. There is nothing legitimate about his regime

5
dunkeater 5 points ago +5 / -0

The real drop is much worse when you account for inflation.

5
Platos_Cave 5 points ago +5 / -0

Pointing this out is racist

4
Keiichi81 4 points ago +4 / -0

They'll find some way of blaming this on Trump. Just watch.

9
Pearls_Swine 9 points ago +9 / -0

Massive recession during Obama's term = Bush's fault.

Economic boom under Trump = Obama did that.

Massive recession under Biden = Trump's fault.

At what point do people feel fine with making up their own reality?

1
Burisma 1 point ago +1 / -0

While I disagree with the statements, the points align with each other logically.

3
mathteach314159 3 points ago +3 / -0

Most people, even sheeple, will see right through that. They know. It will only be the most extreme that will refuse to accept the fact the Joe Biden’s policies that started the day he entered office is what is causing this inflation and coming recession.

And that just might be exactly what needs to happen to get our shit together as a nation.

3
D0ntdrugtest 3 points ago +3 / -0

Build black better C’mon man you know…. The thing. Now clap you stupid sons of bitches -Potato in Chief

3
mugatucrazypills 3 points ago +3 / -0

A truly worthless do-nothing president.

3
DJTXLV 3 points ago +3 / -0

And the scum fuck kidfucker liberals claim it’s all Trump’s fault.

Honest question, why is every liberal (elected and regular people around your neighborhood) so goddamn dishonest?

4
geekesmind 4 points ago +4 / -0

The economy was in the shitter for 8 years under Obama

But, that was ok cause he was the FIRST BLACK PRESIDENT!!!!

3
Moebius 3 points ago +3 / -0

Markets are 'Forward Looking'...and it looks like they see a MAJOR Power Shift on the horizon...

3
2020voterFRAUDbigly 3 points ago +3 / -0

3 more years, folks. Buckle the fuck up.

3
Nugmonster 3 points ago +3 / -0

LOWEST SO FAR! 6uild 6ack 6etter

3
Priopism 3 points ago +3 / -0

His handlers count this as a success.

2
AnIdahoan 2 points ago +2 / -0

Biden loves to gloat about how he brought the stock higher. And now look at this. And he doesn't have the thick of COVID lockdowns as an excuse.

2
RusherOfDin 2 points ago +2 / -0

I invested in gold and silver the day before his "inauguration" and it dropped and has yet to recover. I thought I was being smart but I didn't take into account how rigged the markets are. If I had waited just 6 months I'd be sitting pretty but as it sits now I am still down 35%. But I haven't actually lost any money unless sell low like an idiot.

1
Klown_Schwab 1 point ago +1 / -0

Gold and silver ETFs are fake. If you don't hold the physical metal in your hand you don't own it.

2
perma-maga 2 points ago +2 / -0

Before building back you must first destroy

2
DinosaurAlert 2 points ago +2 / -0

butbutbutbutbutbut, the DJIA rise was always because of Obama's policies! Now that Trump's policies are catching up, we're seeing a drop that is happening completely because of Trump.

When republicans take over in 2024 and stocks go up again DUE TO BIDEN, Republicans will take credit again!

It is so hard being a democrat in america, where nobody is educated enough to understand they're always correct!!!!

2
Nsulltin 2 points ago +2 / -0

Well that would be because the fed dumped billions if not trillions of funny money into the market. Can't stay superheated forever.

1
MexicanBeerFlu 1 point ago +1 / -0

Rates were practically 0 in June of this year.

2
LtPatterson 2 points ago +2 / -0

The goal is to get it to ZERO

2
Aluminoti 2 points ago +2 / -0

Its all part of the broke back middle class plan

1
geekesmind 1 point ago +1 / -0

Think only way we will get back is if we shoot our way out

2
MythArcana 2 points ago +2 / -0

That also coincides with Biden's mental cognitive state.

2
556x45mm 2 points ago +2 / -0

So, Biden's "America Last Agenda" is bad for the markets? Who knew

2
IncredibleMrE1 2 points ago +2 / -0

The only question is how long it will take to drop below the day GEOTUS won in 2016.

1
trex554 1 point ago +1 / -0

Trump set him up nice all he had to do was not fuck with it but he couldn't help himself now we're paying the price.

1
nomoreprinkles 1 point ago +1 / -0

Maybe when it reaches 0 they won't be able to buy corrupt officials anymore.

1
SALTYBALLS 1 point ago +1 / -0

Where did the 7 trillion go? 🤣🤣

1
Wordlife187 1 point ago +1 / -0

Damn you. I just took a screen shot to come post this here. Pede always beats me to it. Lol. Love you fuckers.

1
GreatestAmericanHero 1 point ago +1 / -0

Break Bottom Better

1
dasvolk 1 point ago +1 / -0

I remember thinking that it would take a while for Biden to start having a negative effect on things. I didn't realize it would only be a little over a year before it really started falling apart.

1
TheAttackTitan 1 point ago +1 / -0

The quantitative easing under Trump doesn't help the situation, but Biden has only exacerbated it by printing 3x as much money as Trump did.

1
papa_newguineapig 1 point ago +1 / -0

Money printers go brrrrrrrrrrrrrr

1
556x45mm 1 point ago +1 / -0

Quantitative Erasing of the dollar?

1
covok48 1 point ago +1 / -0

It’s been overinflated for a decade.

1
BobSux 1 point ago +1 / -0

Trump's economy had better growth during the height of the global pandemic when half of the states' economies were on lockdown because of their commie state governments.

1
SyphonFilter 1 point ago +1 / -0

This is the feds turd, over pumped it for a year atleast fantasy market going to die.

1
geekesmind 1 point ago +1 / -0

Don't worry Biden said these things

AMERICA IS BACK!!

THE ADULTS ARE IN CHARGE NOW!

1
Josewales 1 point ago +1 / -0

Another Trump win

1
FART_IN_THE_TOILET 1 point ago +1 / -0

🎶 And I’m freeeeeeeeeeeeeeeee! Free fallin’ 🎵

1
geekesmind 1 point ago +1 / -0

Drop it like it's hot

HOW LOW CAN YOU GO!

1
Autist_of_Kiev 1 point ago +1 / -0

The technical term is a U’ie

1
OldGloryUnfurled 1 point ago +1 / -0

Yeah, SPY hit a new low today... it is going to get much worse before it gets better.

1
EagleOverTriumph 1 point ago +1 / -0

Build Back Better! Because, you know, Trump's America wasn't broken financially, so they had to break it. Hail to Xi Jiping, am I right? Wuflu nonsense.

Also when are the left going to say "oMg GuYs MoNkEy PoX iS rAcIsT bEcAuSe WhEn I hEaR mOnKeY i ThInK bLaCk PeOpLe"?

1
geekesmind 1 point ago +1 / -0

Trump gave tax breaks to corporations

REEEEEEEEEEEEEEEEEE

1
scott31337 1 point ago +1 / -0

All part of the plan.