US stocks are about to plunge
(media.greatawakening.win)
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u/KimJung-Un, I see your downvote groupie is still following you around like a shadow.
Dude, whoever you are, ya gotta let some things go. Like the young teen that cut you off in traffic 3 years ago, look for the more positive things in life. Take a walk in the woods, read the Bible, call an old friend. Something, anything else than perpetually down voting someone.
Lmao. Yea me and a few others have the downvote groupies
You all are so funny. Why sweat the stupid downvoters? I never even look at the down votes....unless one of you mention it. Who gives a rats azz if they disagree with you? Actually we are lucky to have downvotes. They are definitely not sycophants! dislike azz kissers
Some people are really lame little princess, putting soo much energy and efforts into irrelevant things. They need to grow up and fight the real fight, which is never gonna happen.
Housing market is going no where but up. Its a supply issues. The 10 cash buyers you are competing with don’t care about mortgage interest rates.
What percentage of home buyers pay in cash though?
That's true for the short to medium term, not long term. The problem isn't going to be if there are buyers out there, there are lots and lots of wealthy individuals and institutions that will gobble up homes up to a certain point. Their aim is to ultimately own land but more importantly make money.
These wealthy individuals and groups will buy/sell among each other until there is no benefit financially. Then there will be a renters market. They will rent these places at outrageous prices.
After that, when the average person can't afford rent or a mortgage, not due to interest rates but rather the monthly cost of housing AND food, fuel, energy etc, we will see the bubble pop.
However, what you're not taking into account is that the higher the cost of housing goes, the less consumers have to pay for non-essentials and small business suffers first.
Im just arguing that buying a house now is a good idea and the price of home ownership will not go down. I got into a house a year ago.
It really depends. You have to consider income security. Many, many jobs out there especially for small to medium sized business owners is a potentially extremely risky position to be in but that also depends on where you are. Texas and Florida are business friendly with booming populations but even they are susceptible to inflation costs due to almost all of it being a federal government problem.
And not sure why you think home prices won't fall. I assume it's because you're under the impression that supply is short but it's not always supply that sets the price. Demand only remains high if there are buyers willing to pay the cost of a home plus the increased cost of living.
In fact, a lot of home buyers last year such as yourself bought at ATH or near ATH and now you have to not only pay the mortgage (regardless of your interest rate) and the increased cost of food, energy and miscellaneous services/items.
People like you (not you in particular) will be the first to tighten your belt when the price of everything you need to live keeps moving up. You won't go to restaurants and maybe you won't put your kids into sports leagues or whatever else. You'll focus on what matters in the immediate. That is going to cause a lot of your neighbors (again, maybe not you in particular) who run small businesses to suffer and eventually downsize or file for bankruptcy etc.
Remember, small business employs 70% of total employment in the country. If the government keeps this shit up, they will be the first to go as will their employees and all those homes of people who end up losing everything will be up for grabs and they won't be expensive.
The economy is a web on top of a snowy mountain. All it takes is one part of the web to loosen and slide down the cliff while dragging everything else with it.
Home prices will not keep moving up at this pace. Not the way you think it.
Im in Seattle area and bought lake front. We went through 13 offers before getting this place. This one had 2 other offers. All others had 15+ all cash waived inspections. I make $250k a year toc here and its peanuts. Big tech salaries have doubled in the last year. I agree it depends on the area but where I live the houses you would want don’t have a lot of mortgage buyers.
What does a DWAC holder with no other investments do? I guess I just hold the line?
Buy some GME (GameStop). Go read Superstonk on reddit if you don't know why you should.
GameStop is the financial arm of the Q plan, in my opinion. Just few stock and you will be set, plus they are about to have a split!
It's going to go to the moon. Just like Don Jr Tweeted.
That short squeeze happened a long time ago. If you can afford to wait, leave the DWAC holdings alone.
Word, sometimes I forget that I bought 1.5 shares. You can tell how much I "set it and forget it" like a cooker.
I’m deep in DWAC; we have to invest in honest news if we are going to save the country. Currently cost to borrow is in the clouds; I think the price is fake. The options chain is so loaded that they had to short to avoid a squeeze.
I’m also a believer in GME but I have a much larger position in DWAC because I think it’s important - I do not think we have a future here if the town square dies in darkness.
It almost seems like a coordinated effort to bring us into a crisis event, don't it?
BTC to $20,000 is my call
Absolutely
Not a market guy. What am I looking at?
You're looking at the S&P500 (top bars) and the US Dollar Index (Bottom bars). DXY is rising while US stocks, crypto and commodities (metals more specifically) are dumping.
Inflation is taking hold is what you are seeing.
I stack silver as well. Buy more is what I do. Crypto is going to be interesting because imo, USDT is really what keeps the market going.
Without the ability to trade for USDT which gives a par with USD, I don't believe there would be much liquidity in the crypto market.
What I would do if I were you is buy non-premium, non-numismatic silver and stack and for crypto, the collapse is around the corner. Either jump in on the bounces or research which one of them has a solid use case and invest without bankrupting yourself.
gme
Waiting for 3600 on the SP500 to get in. 3400 will likely be hard support. It could blow past 3400 though.
3400 looks prime for a bounce. That will have wiped all the covid fed gains.