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modrepub

(3,501 posts)
39. Only The Wall Street Crowd Would Be Cheering
Fri Jun 5, 2020, 01:15 PM
Jun 2020

a 13% unemployment rate.

It's going to take awhile for all of this to sort itself out. If you're brave or persistent, you'll do fine. Don't change your plans and market involvement. It's almost impossible to do better than some market average over the long haul (just don't put your $ in actively managed plans). Move to annuity types of investments once you get to your retirement years. You'll "loose" opportunities for market growth but having a "fixed" income based on generally safe insurance firms is worth your peace of mind; better a good night's sleep than worrying about market volatility.

For those doom & gloom types who espouse preparing for a total systems collapse, taking that type of position will probably only guarantee that you'll be among the last human beings to starve to death. We function best with a well integrated society.

For the country, this is good. jimfields33 Jun 2020 #1
Yeah, we need the economy to recover. I'm not sure it's going to actually happen in a way that KPN Jun 2020 #12
The recovery has only been for the wealthy Dopers_Greed Jun 2020 #15
Thanks to the stimulus package we pushed through. Kingofalldems Jun 2020 #40
Oops. Kingofalldems Jun 2020 #44
Dammit my lack of courage cost me plenty at140 Jun 2020 #2
Maybe not Dream Girl Jun 2020 #3
Time does tell - eventally empedocles Jun 2020 #6
You are right. Steelrolled Jun 2020 #28
+1 KPN Jun 2020 #17
Everyone was expecting another Great Depression then Dopers_Greed Jun 2020 #16
Don't feel bad. Steelrolled Jun 2020 #20
If you are already highly invested, at140 Jun 2020 #35
Read this article. moreland01 Jun 2020 #34
Economic conditions are different now than in 1929 at140 Jun 2020 #36
Anti-protester fence futures soaring soothsayer Jun 2020 #4
MIghty convenient. Peregrine Took Jun 2020 #5
I am not a short, or even itermediate term market predictor, however, empedocles Jun 2020 #8
Not just convenient. How can the job estimates be off by 11 million? I don't get it. KPN Jun 2020 #18
Just one more... Smickey Jun 2020 #24
The Fed threw what at it? bucolic_frolic Jun 2020 #7
Trust but verify ouija Jun 2020 #9
Almost Ditto. The numbers are 11 million off of estimates (total unemployment that is). KPN Jun 2020 #23
The 'recovery hopes', and the burning of 'the shorts' have helped drive up empedocles Jun 2020 #10
but now "recovery" means no more stimulus so gold and silver go down bucolic_frolic Jun 2020 #19
Yep, 2008. And since October 2016 when Comey announced re-opening Hillary's email KPN Jun 2020 #25
Good move. I sold everything after the first big bounce following the bottom, but we KPN Jun 2020 #21
Lucky you! I can not sell before end of June. at140 Jun 2020 #37
Wow! Sounds like you need to find another fund/ KPN Jun 2020 #42
It is Fidelity and they will tag me for frequent trader at140 Jun 2020 #48
I think this is common with 401K accounts Steelrolled Jun 2020 #53
You are correct..nt at140 Jun 2020 #54
Two words.... Cooking Books ashredux Jun 2020 #11
Exactly. Plus, Covid-19 is spiking. This could put us back where we were in March. Auggie Jun 2020 #13
Yes....don't buy today...this is shorts being squeezed and false optimism.. ashredux Jun 2020 #22
Insider trading shows that exactly -- there's more insider selling than buying KPN Jun 2020 #43
Dr Fauci said this morning on CNBC interview that... at140 Jun 2020 #38
That can change in a heartbeat, though maybe not quite as fast as it did in March ... Auggie Jun 2020 #41
My own personal experience as a 79 Y.O. convinces me at140 Jun 2020 #49
Hands to the face -- I so agree! Auggie Jun 2020 #50
Why would you suspect that? The unemployment estimates were only off by 11 Million! KPN Jun 2020 #27
Wait until the public sector jobs are cut starting next month. OrlandoDem2 Jun 2020 #14
I would expect more short-term "furloughing" than job cuts if union contracts allow it. Steelrolled Jun 2020 #26
It's different so far. So is the Wall Street recovery different from what we are used to. There's KPN Jun 2020 #29
Something's fishy. How can the job/unemployment estimates be off by almost 11 million? KPN Jun 2020 #30
To your last question; No I don't. This is a short term prop-up for the rich. Half of U.S. has zero Evolve Dammit Jun 2020 #45
Unemployment is still higher than Great Recession, yet Dopers_Greed Jun 2020 #31
Biden will inherit a RECESSION Pantagruel Jun 2020 #32
Yeah and REAL unemployment numbers which could be 15-18% in Feb 2021 Bengus81 Jun 2020 #55
For those clutching their pearls and calling for the fainting couch Aviation Pro Jun 2020 #33
Only The Wall Street Crowd Would Be Cheering modrepub Jun 2020 #39
I'm gonna take some $$$ out of my mutual funds... Maxheader Jun 2020 #46
What was the unemployment rate prior to covid19? onetexan Jun 2020 #47
Like 4% - it was more-or-less an all-time low Steelrolled Jun 2020 #52
I've made so much money since Monday Polybius Jun 2020 #51
21.2 is the real unemployment number. Three card Monte in full effect. sarcasmo Jun 2020 #56
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