But hey squeezing blood from student loans will fix it all amiright 🤦🤦♂️🤦♀️
I think the fun hasn’t even begun. The “market” or whatever. The collective mind hasn’t yet realized or the scale hasn’t quite tipped yet on how bad this all is. I think maybe too many people are silently making their financial move so as to not be the one to that sets it all off. Or they’re trying to tread carefully before the house of cards falls.
Like when Lehman went under in 2008. All those shit derivatives were plugging along. Some people knew it was rotten. The system kept going until suddenly didn’t anymore. Then all the red lights and alarm bells went off.
Even with current market downturn. I think it’s yet to go off the cliff. They keep bending the system and it’s bowing but it hasn’t really broken yet. When it does I think a greater than 50% drop in the SP500 is possible.
That’s not to say it’s going to all come crashing down in like a day or a week or even a month. I think the paradigm of the past 15 years is over. The one where’ there’s a relatively brief drop and then everyone buys “cheap stock” and then everything goes 20% higher.
I think we’re in for a long period of decline. Where people cannot simply dump money into investments and see gains every year. We could be in for a long haul where people put money into an SP500 fund and it loses every year. Maybe a 0%-1% gain on a good year due to sideways movement.
Is that good?
Probably not, my automotive sibling
If you have large amounts of liquid cash and plan to buy the dip, yes!
I am having trouble seeing this as a dip
That’s only because you’re not looking at decade timeframes. Pro tip, buy a bunch of cheap real estate now and it’ll be several times more valuable in the future!
What do you mean you can’t afford that? Have you tried being born to rich parents?
Unless… it keeps dropping…
Eventually, over several years, the economy expands enough to recover those losses.
Collapsing into full civil war would be pretty much the only way it doesn’t. Which isn’t out of the question
Even full civil war wouldn’t do it. The NYSE has been operating mostly continuously since 1817 (and even longer under different organization).
To permanently collapse the US economy, you’d have to collapse the entire country government, and a lot of the infrastructure too. Even if the government shuts down, private industry keeps running.
I think it’s fair to say that the US stock exchange is officially a yo-yo market. Like going up and down constantly every couple of days just depending on the whims of the fucking fascist people decided to put in charge. So fun.
Sowwy I killed your stock mawket
