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Fri Jun 24, 2016, 09:16 PM

800 Billion evaporated from our economy today and

Trump thought it was great. This piece of shit can not be allowed anywhere near the White House.

20 replies, 1534 views

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Reply 800 Billion evaporated from our economy today and (Original post)
onecaliberal Jun 2016 OP
scscholar Jun 2016 #1
onecaliberal Jun 2016 #2
Press Virginia Jun 2016 #3
onecaliberal Jun 2016 #4
Yavin4 Jun 2016 #16
Press Virginia Jun 2016 #18
scscholar Jun 2016 #7
belcffub Jun 2016 #9
A HERETIC I AM Jun 2016 #11
belcffub Jun 2016 #13
swhisper1 Jun 2016 #5
onecaliberal Jun 2016 #17
swhisper1 Jun 2016 #20
BlueCaliDem Jun 2016 #6
cherokeeprogressive Jun 2016 #8
enough Jun 2016 #10
Hydra Jun 2016 #12
Rex Jun 2016 #14
yeoman6987 Jun 2016 #15
edhopper Jun 2016 #19

Response to onecaliberal (Original post)

Fri Jun 24, 2016, 09:19 PM

1. But people that held dollars that need to convert them to Pounds...

 

make money, so it wasn't as one sided as you claim. I work for a company that owns several restaurants in England that kept our money in dollars until tonight, so we came out ahead.

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Response to scscholar (Reply #1)

Fri Jun 24, 2016, 09:23 PM

2. I wonder how many retirements went up in smoke, and how many 401 plans took

A fat hit. I'm glad you came out ahead but I also damn well know you're the exception. I'm sick of people thinking any suffering from shit like this is the fault of the victims because it doesn't affect people like you. Try thinking about someone besides yourself. 800 BILLION is gone, that is money from real people.

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Response to onecaliberal (Reply #2)

Fri Jun 24, 2016, 09:36 PM

3. It's only gone on paper. With the drop in value

 

people can actually buy more stocks (their 401k can) than they could yesterday.
Price returns to what it was, yesterday, they've increased the value of their 401k.

If you were retiring today and cashed out, yeah you lost some dough

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Response to Press Virginia (Reply #3)


Response to Press Virginia (Reply #3)

Sat Jun 25, 2016, 12:24 AM

16. You have to re-balance your portfolio as you near reitrement

Keeping money in stocks right before retirement is very risky.

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Response to Yavin4 (Reply #16)

Sat Jun 25, 2016, 12:34 AM

18. Smart people do that.

 

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Response to onecaliberal (Reply #2)

Fri Jun 24, 2016, 10:10 PM

7. There's also a $600 billion made on the other side

 

This isn't an everyone lose game like the Republicans want. Everyone that needs to buy British Pounds gained today.

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Response to onecaliberal (Reply #2)

Fri Jun 24, 2016, 10:14 PM

9. um yeah... 800 billion is gone

on paper... no one who didn't panic sell lost anything... you only gain or lose when you lock in on a sale...

like back in 08... that was a great time to be investing... I put 20% in the market each paycheck... prior to the crash I could buy say 100 shares... then the crash comes and everything gets cut in half... now I'm buying 200 shares... now like a smart investor that money is for the long term... I don't need it for 20 years (and when I do I sure as hell will move the portion I need into safer insured investments)... now that the market has fully recovered and then some I have more shares that are worth more money then if the crash had never happened...

only a fool sells on the crash... I double down... take some cash I had and bought blue chip dividend stocks... that $5k is now $20k...

one of two things will happen in a crash/adjustment... things will recover or death spiral to mad max...

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Response to belcffub (Reply #9)

Fri Jun 24, 2016, 10:22 PM

11. "If you liked that stock at $20....

You should LOVE it at $10"

An investment axiom worth remembering

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Response to A HERETIC I AM (Reply #11)

Fri Jun 24, 2016, 11:57 PM

13. exactly...

stocks and people are weird... there is no other thing that most people want to buy high and sell low... then buy back when its high again... complaining all the while...

have a plan... ride the waves and make adjustments along the way... my grandparents were both orphans... they graduated high school after they retired... they were working class never making much but retired millionaires...

my dad did graduate high school but never attended college... he'll retire in about five years and is also a millionaire... he didn't get a penny of that from my grandparents... just in the last 5-10 years having saved and invested enough to get there... my grandmothers still around though in her final years in the end stages of Alzheimers... money can't buy everything but it does get you into a nicer place to deal with that...

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Response to onecaliberal (Original post)

Fri Jun 24, 2016, 09:51 PM

5. you shouldnt gamble on markets. I have no sympathy and expect it will come back swiftly

 

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Response to swhisper1 (Reply #5)

Sat Jun 25, 2016, 12:32 AM

17. No one is gambling, peoples fucking retirement funds are invested through employers

You can talk about gains all you want. One one fucking percent are gaining. There are some who lost 30% in two days back in 08. That wasn't made back in a few god damn days and it won't be this time either. I hope you all enjoy the dust bin. This is what the fuck is wrong with this country.

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Response to onecaliberal (Reply #17)

Sat Jun 25, 2016, 12:47 AM

20. they just have to wait for it to return. I cashed mine in last week seeing this storm coming

 

no, it will take another couple years if it doesnt resettle next week. If you snooze you lose. I didnt lose, I stepped out of the trap

Anything involving stocks is gambling. 401's are a risk. Curse all you want. You don't invest in a horse and let it walk into a barbed wire fence. I paid attention to world issues and saw this coming weeks ago. everyone I work with did too. We all have our savings

What is wrong with this country is globalization. One economy failing kills all others. Vultures feed off the misery of others and congress does nothing.

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Response to onecaliberal (Original post)

Fri Jun 24, 2016, 09:52 PM

6. Not only tRump. Quite a few on this board go "meh", based on the tone of their posts.

And on a Democratic Party supporting site, too!

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Response to onecaliberal (Original post)

Fri Jun 24, 2016, 10:13 PM

8. IF 800,000,000,000 "evaporated", it NEVER EXISTED.

 

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Response to cherokeeprogressive (Reply #8)

Fri Jun 24, 2016, 10:20 PM

10. Thanks, I was trying to think of how to say that, but you said it. (nt)

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Response to cherokeeprogressive (Reply #8)

Fri Jun 24, 2016, 11:21 PM

12. Ya, seconded

Especially if it was based entirely off of a projection that has no basis in reality.

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Response to onecaliberal (Original post)

Sat Jun 25, 2016, 12:04 AM

14. Trump was busy fighting over who invented golf, he got his ass kicked.

 

Ass usual.

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Response to onecaliberal (Original post)

Sat Jun 25, 2016, 12:22 AM

15. Some are so confused over investing

 

I hope they don't invest quite frankly.

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Response to onecaliberal (Original post)

Sat Jun 25, 2016, 12:36 AM

19. As the Dow drops to where it was

4 fucking months ago?

What a dumbass post.

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