General Discussion

brooklynite

(96,882 posts) Tue Jul 20, 2021, 11:59 AM Jul 2021

Yesterday's Stock Market plunge brought prices down to where they were on...

...June 23.

Today, 3/4 of that drop has been recovered.

Still a solid platform for responsible investing.

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9 replies

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Yesterday's Stock Market plunge brought prices down to where they were on... (Original Post) brooklynite Jul 2021 OP

And, It's +10.78%... ProfessorGAC Jul 2021 #1

Plus, if prices keep going up, up, up . . . . . . no_hypocrisy Jul 2021 #2

+1, We'll have a generation of zombie stocks like Japan because of Putin's Whore killing uponit7771 Jul 2021 #8

Right. PoindexterOglethorpe Jul 2021 #3

They don't care. Just resentful of those trying to save for their retirement MichMan Jul 2021 #4

That may really be it. PoindexterOglethorpe Jul 2021 #6

I made a shit ton today... WarGamer Jul 2021 #5

What goes up, must come down... roamer65 Jul 2021 #7

Of course; then it goes up again... brooklynite Jul 2021 #9

ProfessorGAC

(76,132 posts)

1. And, It's +10.78%...

Reply to brooklynite (Original post)

Tue Jul 20, 2021, 12:09 PM

Jul 2021

...since inauguration day.
Plus, it's up 24.1% since election day.
Still solid for investing? You bet.

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no_hypocrisy

(54,565 posts)

2. Plus, if prices keep going up, up, up . . . . . .

Reply to brooklynite (Original post)

Tue Jul 20, 2021, 12:13 PM

Jul 2021

you know it's a bubble, not the true value of The Market.

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uponit7771

(93,504 posts)

8. +1, We'll have a generation of zombie stocks like Japan because of Putin's Whore killing

Reply to no_hypocrisy (Reply #2)

Wed Jul 21, 2021, 11:18 AM

Jul 2021

... the economy for the working person we had to pressurize it first to reduce the chances of dangerous DEflation.

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PoindexterOglethorpe

(28,485 posts)

3. Right.

Reply to brooklynite (Original post)

Tue Jul 20, 2021, 01:16 PM

Jul 2021

The people here who insist it's just a Ponzi scheme both don't understand what a Ponzi scheme is, nor do they get that being in the market long term, rather than trying to time it, is a sure way to do well.

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MichMan

(16,874 posts)

4. They don't care. Just resentful of those trying to save for their retirement

Reply to PoindexterOglethorpe (Reply #3)

Tue Jul 20, 2021, 08:09 PM

Jul 2021

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PoindexterOglethorpe

(28,485 posts)

6. That may really be it.

Reply to MichMan (Reply #4)

Wed Jul 21, 2021, 10:06 AM

Jul 2021

Lots of people insist that it is utterly impossible to save anything at all, even though they may be earning a decent income. People just don't understand how even a very small saving habit becomes pretty good money over time.

When our sons were fairly young the younger one talked us into raising their allowances. We did, but now they had to put half of the allowance into a savings account. The same with birthday money from grandparents. A decade or so later, when each son wanted to buy a car, they had enough money saved to pay cash for a decent used car. It really is amazing how steady savings add up.

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WarGamer

(18,328 posts)

5. I made a shit ton today...

Reply to brooklynite (Original post)

Tue Jul 20, 2021, 08:42 PM

Jul 2021

I'm a big fan of Cathie Wood and her ARK funds...

I bought a metric shit ton of ARKK Call Options for this Friday when the market was crushed yesterday... sold today for a 400% gain.

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