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Gold +6%, Stocks -15% - Did you get your hedge on yet?

If someone sold a car with bitcoin for $68k 12 days ago they would have $57k today. Our economy has pulled into ultra speculation zone
To be fair, if they sold it for USD, they'd have $68k USD but inflation would devalue those dollars as well. And that's a guarantee and not speculation and not variable over a specific 12-day window. Because if that person sold that car in bitcoin in a different window, those numbers may have reversed and they'd have a big gain. Which just goes to your speculation zone statement.
 
Just checking in since BK ensured a gold top


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Wokecoin is still down $3,000 today. The tech stocks are taking a beating lately.
Like I said, I’m not sure what wokecoin is but you should avoid it. Don’t try to change the subject. You posted about the market diving and before you could even hit the post button, reality bitched slapped you in the face and the market turned positive. I know you have BDS bad, but pointing to a down day in the stock market after 18 straight positive days as something to do with a presidential failure just makes you look pathetic. Be better.
 
It's a WC....current events. Anyway the spy was 477.27 on Dec 27th and 468 today. Not sure what you're talking about.

Tech stocks are not doing well. Financials, value, commodities, etc doing well.
Unemployed handyman on the WC all day posting about the stock market

That’s just golden. 😂🤣🤣🤣😂😂

It’s like an IT specialist saying that they were wearing a mask prior to 2020

Oh…… wait….. 🤦🏻‍♂️🙄😷
 
It's a WC....current events. Anyway the spy was 477.27 on Dec 27th and 468 today. Not sure what you're talking about.

Tech stocks are not doing well. Financials, value, commodities, etc doing well.
SPY made an all time high on Tuesday. It is basing for the next move. In a decade SPX will be at 50k and BK will be recommending gold which may be up 50%.
 
If you were trying to decide whether or not to buy this post santa rally dip, the answer was yes. I bumped my portfolio equity percentage from 65% to 75% after todays open. Market is probably headed green by this afternoon.
 
Gold has outpaced the DOW over the last year. Just thought that was interesting, considering how much crap Boston is getting in this thread.
 
Gold has outpaced the DOW over the last year. Just thought that was interesting, considering how much crap Boston is getting in this thread.
Gold price is down 1.95% over the past year and the DJIA index is up 16.71% over the past year. In case you wanted to check your math.

Price of gold on January 13, 2021 was $1865.70 and today it is $1835.90

DJIA on January 13, 2021 was 31,060.47 and today it is 36,260.45.

but really you should be investing in SPX rather than DJIA.
 
Gold I believe is the only investment that has lost money over the past 12 months. With the market last year it would have been difficult to realize a return of less than 15%. You would have really had to have listened to some terrible advice.
 
Depends what you're investing in. Large companies are doing well. Those high growth no earnings companies are taking it on the chin with many down 50%. Oil and many commodities are way up. Gold is behind the other commodities. If everything melts down it will flip though. Not a fan of gold though. Like commodities with application use and demand growth.
If you have a reasonably diverse portfolio it is impossible that you would have performed as poorly as gold did over the past year. It’s not hard. Pick any index fund. I’m not sure about your company that lost 50% last year but I guess that’s also a poor investment. I couldn’t find a legit company that lost 50% in the last year, but I’m sure there is something out there.
 
Depends what you're investing in. Large companies are doing well. Those high growth no earnings companies are taking it on the chin with many down 50%. Oil and many commodities are way up. Gold is behind the other commodities. If everything melts down it will flip though. Not a fan of gold though. Like commodities with application use and demand growth.
We can thank the Biden administration for the traditional energy prices. No one, domestic or international, is in a hurry to increase output only for those investments to be cut off by new policies and regulations.

If there is one thing I wish Americans understood, it's that fiscal and regulatory policies need to be maintained for 20-25 years, not changing it every 24 months. Heck, even in government, yanking the rug from under NASA and contractors every 4-8 years is yet another example.

As a teenager, every student should have to put 2 years into studying forecasting commodities and manufacturing.
 
If you have a reasonably diverse portfolio it is impossible that you would have performed as poorly as gold did over the past year. It’s not hard. Pick any index fund. I’m not sure about your company that lost 50% last year but I guess that’s also a poor investment. I couldn’t find a legit company that lost 50% in the last year, but I’m sure there is something out there.
Who is dumb enough to brag about losing 50% in the market last year?

Jesus these anti-vax trump nut huggers are just so goddamn stupid. I honestly can't imagine being that stupid. Investing in gold, losing 50% in one of the best markets in history.
 
Seriously you can't find companies down huge? Square, PayPal, docusign, Biogen, zoom, robinhood, etc
Those don’t seem like good investments in the current climate. I said there were probably a few. Looks like zoom and Robin Hood are the only ones actually down the amount you claimed. Robin Hood was an IPO this year at the height of the apps popularity. Obviously overpriced. Zoom is up 175% over the past 5 years but has dropped since people started going back to working in person.
 
Too much bearish sentiment for the market to not see a big short term shot back up. When you see 70% bearish in the market, prepare for a move in the opposite direction. There was no longer bull run than that which immediately preceded the Covid drop. After the Covid drop the market sentiment was similarly bearish to where it is now and it has roughly doubled since.
 
How's the State of the Union speech looking?

His son is a corrupt moron
F'ed the Afghanistan exit
Stock market declining fast in 2022
The woke are losing money on bitcoin
Inflation flying high
Covid infections and deaths soaring (he had a plan 🤣)
Admitted elections are rigged. Who wins is who gets to count the votes according to Joe.
Falls asleep in summits
Now Russian issues
Trump dealt him a poor hand. *****
 
Now I can see why you guys are poor handymen 😂😂😂
 
2 years ago, lol. Today was bizarre.
It was a standard correction. Look at the 6 month DJIA chart. We bottomed at the rising trend line defined by the September 30 and December 1 lows. After each of those lows we hit ATH within the next month and a half.
 
It's a standard correction until it's not. If we see another 2000 or 2008 that won't be good. The government is benefiting from capital gains right now.

They have to raise rates which won't be good for growth companies that make no money. If you're younger just continue to dollar cost average. The only strategy that always works in the long run.
Unless you are retiring soon and are still heavily invested in equities a 2000 or 2008 event only means your standard contributions are buying in at market lows more stocks. If you are near retirement, fully invested in the market and not making periodic buys into the market then you could get hurt. If you are in that boat you probably want a more stable portfolio. As it is I do think equities are overpriced from a historical standpoint. But I have been bumping up my exposure on this latest downswing.
 
Now I know why the 2 handymen are stuck in their basements posting in the WC. Lol 😂
 
If you have nothing to add, you really don't need to respond. You have a worse obsession than anybody here.


Technical degree
Means that the degree you got from a school is not accredited except at the school itself. There is a standard degree in which at the least takes 4 years and there is a technical degree which can take as little as 4 weeks. Usually the schools that offer technical degrees are for-profit private schools which tend to butcher the course. Such as taking out the standard liberal art requirements, Taking out the requirements for advanced classes, etc.

For the most part they are not accepted by other schools except the school you got it from. They tend to not be valued by employers. Due to the fact that if a diploma says Masters(type of degree) on it it technically doesn't mean anything.
 
You have a worse obsession than anybody here.
ARE YOU SURE ABOUT THAT CHUD?


 
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