General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsYesterday'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.
ProfessorGAC
(64,865 posts)...since inauguration day.
Plus, it's up 24.1% since election day.
Still solid for investing? You bet.
no_hypocrisy
(46,030 posts)you know it's a bubble, not the true value of The Market.
uponit7771
(90,304 posts)... the economy for the working person we had to pressurize it first to reduce the chances of dangerous DEflation.
PoindexterOglethorpe
(25,816 posts)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.
MichMan
(11,869 posts)PoindexterOglethorpe
(25,816 posts)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.
WarGamer
(12,367 posts)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.
roamer65
(36,744 posts)Spinning wheel...
https://m.