Anybody Buying Yet? Where’s the Bottom?

[Sytes]

America is a mixed market economy, not socialism nor capitalism. FAR from either. We are beholden to our own financial wizardry to determine our retirement wealth. We paid into our economy as we reap the "benefits" of that paycheck gov't deduction over the course of our lives. The balance of power unfortunately holds a sickening necessity for the extreme entrenched - almost M.A.D. "nuclear" deterrance figuratively speaking.

During the Great Depression, when "Social Security" was created with an additional stop gap for immediate assistance towards destitute elderly, and the dawning realization we must create a means to pay to reduce an outright vastly larger population of homeless at ages the market finds little interest hiring other than the "intrinsic" value for the near term.

Meh, as usual, we all are set in our positions. IMO, Red and Blue keep stealing from the fund... Yet people keep voting for the red and blue so, the blame goes towards...

 

[BigHornRam]

DOW down a little today. NASDAQ, S&P, and WTI up a little. Looks like the sun is going to rise again tomorrow. Happy trading, guys!

 

[BuzzH]

If you're an FA I'd never hire you as you obviously would not listen to clients. You're the one who asked me to say why people are selling and it's impossible to say what I myself did without it being about politics. Christ sake, it's 2 days after an election. How else can i describe it without you being butthurt by someone else's opinion? I was way too invested in stocks and I my belief is the future is risky so I'm rebalancing. You don't have to like the message but you need to swallow what people say if you ask a reason why they did something.

I think a nightmare scenario for a FA would be having you as a client...you know it all already.

 

[schmalts]

I think a nightmare scenario for a FA would be having you as a client...you know it all already.

Aww, little Buzz chimes in. I'm so hurt

 

[BuzzH]

Aww, little Buzz chimes in. I'm so hurt

I just hope you refuse ss and medicare...hypocrit.

 

[schmalts]

I just hope you refuse ss and medicare...hypocrit.

Hypocrite, that hurts, it's like calling me a liberal. You're so smart, can you tell us all why the market didn't drop until 2 days after the election instead of the first day after?

 

[schmalts]

No response. Surprise butz couldn't Google a response to why. Anyone else care to take a stab at it?

 

[BuzzH]

Hypocrite, that hurts, it's like calling me a liberal. You're so smart, can you tell us all why the market didn't drop until 2 days after the election instead of the first day after?

Surprised you came out from under the bed long enough to realize it dropped.

You really would be FA's nightmare client.

 

[schmalts]

Surprised you came out from under the bed long enough to realize it dropped.

You really would be FA's nightmare client.

God you're childish. You're so easy to bait it hilarious. I was wondering how long before you came out of your refrigerator to reply to my comments

 

[BuzzH]

God you're childish. You're so easy to bait it hilarious. I was wondering how long before you came out of your refrigerator to reply to my comments

I'm just happy 99% of the people that invest ignore your ridiculous "strategy".

 

[schmalts]

I'm just happy 99% of the people are awesome like you

 

[SAJ-99]

I think a nightmare scenario for a FA would be having you as a client...you know it all already.

His FA told him what a great take that was and happy he shared it, thanked him for his time and trusting his money to the firm and told him to grab a free cookie in the way out.

 

[BigHornRam]

I think a nightmare scenario for a FA would be having you as a client...you know it all already.

Looks to me like Schmalts is following standard old guy retirement strategies.

Retirement Income Strategies - Fidelity https://www.fidelity.com/learning-center/personal-finance/retirement/retirement-income-strategies

You on the other hand Buzz, would be a nightmare client for anyone.

 

[SAJ-99]

Looks to me like Schmalts is following standard old guy retirement strategies.

Retirement Income Strategies - Fidelity https://www.fidelity.com/learning-center/personal-finance/retirement/retirement-income-strategies

You on the other hand Buzz, would be a nightmare client for anyone.

Agree. And justifying it with a sprinkle of crazy.

 

[BigHornRam]

No response. Surprise butz couldn't Google a response to why. Anyone else care to take a stab at it?

Buzz and SAJ-99 broke open their piggy banks, and went on a buying spree the day after the election?

 

[SAJ-99]

Buzz and SAJ-99 broke open their piggy banks, and went on a buying spree the day after the election?

Yes, but hedged. I went long the Kalshi - Jesus returns in 2026 contract. No way Jesus lets Dems take control.

 

[BigHornRam]

Agree. And justifying it with a sprinkle of crazy.

You must be getting close to old man status. When are you going to stop chasing greed, and start chasing security with your investments?

 

[schmalts]

You really would be FA's nightmare client.

What's funny is I took this as a compliment. Anyone with a brain realizes the hardest customers are the ones who actually know something about what they hired you to do. I'm dealing with it now with the hacks that replaced my roof and siding from a recent storm. Ignorance is bliss on both sides many times because you don't know if you got a good end product.

 

[PoleX]

Looks to me like Schmalts is following standard old guy retirement strategies.

Retirement Income Strategies - Fidelity https://www.fidelity.com/learning-center/personal-finance/retirement/retirement-income-strategies

You on the other hand Buzz, would be a nightmare client for anyone.

The irony is they both came on here and notified us they cashed out. 2 sides of the same coin .

I was way too invested in stocks and I my belief is the future is risky so I'm rebalancing.

 

[BigHornRam]

The irony is they both came on here and notified us they cashed out. 2 sides of the same coin .

View attachment 421559

Hard to get into buzz's head, but I take that comment as buzz being upset that the greedy billionaires cashed out, leaving him holding the bag of dodo.