Jump to content

A2.

The Economy and The Markets (where are we, where are we heading, and what does it mean for the QC...)

Recommended Posts


Ok I will kick things off. The S&P better hold 2830.

if it breaks on significant volume, it’s game over. I personally believe it might bounce around that level, but then after the bounce fall through it. If it breaks and proceeds south, Katie bar the door!

2830 IS THE LINE IN THE SAND! 

If that does break, there is one lesser level of support around 2520. But I believe if 2830 breaks then it will be a bloodbath. 

A2

Edited by A2.
  • Like 1

Share this post


Link to post
Share on other sites

One last thing, regardless of the economic state, Charlotte should be really thankful that they are getting the amount of projects done that they have. I can’t think of another place that has had such a transformative decade. Uptown has literally almost doubled in size in the last ten years, not to even mention what has transpired in SouthEnd. Couple that all with the infill in our Urban Enclaves (Noda, Plaza Midwood, etc) and you have one heck of a city to be proud of! Not to mention there are still countless towers under construction as I type (and nice ones at that!).

So come what may, Charlotte has faired well. And the QC looks awesome and will continue to shine in the years and decades to come!

A2

Edited by A2.
  • Like 2
  • Thanks 1

Share this post


Link to post
Share on other sites
1 hour ago, A2. said:

Ok I will kick things off. The S&P better hold 2830.

if it breaks on significant volume, it’s game over. I personally believe it might bounce around that level, but then after the bounce fall through it. If it breaks and proceeds south, Katie bar the door!

2830 IS THE LINE IN THE SAND! 

If that does break, there is one lesser level of support around 2520. But I believe if 2830 breaks then it will be a bloodbath. 

A2

Well on its way there. 2883 currently. down almost 60 points today.  

Share this post


Link to post
Share on other sites
Just now, Dale said:

2830 ? Meaning recession by the year 2830 ? Seems like a safe bet.

Lol, no. If 2830 on the S&P breaks it would be a bad thing. That said, I would gladly take the next recession happening in the year 2830. :D

5 minutes ago, mpretori said:

Well on its way there. 2883 currently. down almost 60 points today.  

It’s amazing how quick it can drop. The DOW is down almost a thousand points in two short days. 

A wise man once told me the market takes the stairs up and the escalator down. I agree. 

  • Like 3

Share this post


Link to post
Share on other sites

On 10/2/2019 at 12:50 PM, A2. said:

Lol, no. If 2830 on the S&P breaks it would be a bad thing. That said, I would gladly take the next recession happening in the year 2830. :D

It’s amazing how quick it can drop. The DOW is down almost a thousand points in two short days. 

A wise man once told me the market takes the stairs up and the escalator down. I agree. 

Quantitative Easing has returned. This is 2007/2008 all over again. Market correction incoming. 

 

 

Edited by mpretori

Share this post


Link to post
Share on other sites

So I  guess this thread  is ONLY negative economic and market news.   Some people seem to really want a recession and are hopeful for one.  Not me! 

  • Like 4

Share this post


Link to post
Share on other sites
24 minutes ago, KJHburg said:

So I  guess this thread  is ONLY negative economic and market news.   Some people seem to really want a recession and are hopeful for one.  Not me! 

Since you resorted to slander, I never said I hoped for a recession. It's easy to name call when you don't have a good rebuttal. 

  • Thanks 1
  • Sad 1

Share this post


Link to post
Share on other sites
3 minutes ago, mpretori said:

Since you resorted to slander, I never said I hoped for a recession. It's easy to name call when you don't have a good rebuttal. 

No slander I was making a general statement and yes for political reasons there are people hopeful for a recession that is a fact.  Bill Maher has been calling for one on his show.  

I read and follow business news daily and while things are slowing down does not mean the bottom is falling out this quarter or even next.  Recessions are funny things and the adage of 9 of the last 8 recessions is a pretty true statement.   I found I can only worry about my own finances not the whole worlds or the entire country's and I am in  a good position .   

  • Like 3
  • Thanks 1

Share this post


Link to post
Share on other sites
Just now, KJHburg said:

No slander I was making a general statement and yes for political reasons there are people hopeful for a recession that is a fact.  Bill Maher has been calling for one on his show.  

I read and follow business news daily and while things are slowing down does not mean the bottom is falling out this quarter or even next.  Recessions are funny things and the adage of 9 of the last 8 recessions is a pretty true statement.   I found I can only worry about my own finances not the whole worlds or the entire country's and I am in  a good position .   

I posted graphs indicating a slowdown. Are you calling my actions "political"? 

  • Thanks 1
  • Haha 1
  • Sad 1

Share this post


Link to post
Share on other sites

Hey @A2., thank you very much for your honest, if not terrifying, opinions about what you see transpiring with the economy. What would you suggest a mid-career guy to do with his retirement investments (401k, IRAs, etc) to help ride out the potential upheaval? Thanks!

Share this post


Link to post
Share on other sites
9 hours ago, Bled_man said:

Hey @A2., thank you very much for your honest, if not terrifying, opinions about what you see transpiring with the economy. What would you suggest a mid-career guy to do with his retirement investments (401k, IRAs, etc) to help ride out the potential upheaval? Thanks!

Hey bled_man, that’s a complicated topic. Quite frankly everyone is different based on time horizon, risk tolerance, and just plain ol’ knowing each persons goals and Financial situations are highly specific to their own situation.

That said, the one thing we don’t know is the exact timing of when things turn south. While I’m a believer it happens before mid 2021, the opportunities that one misses could be huge, especially if we have a melt up similar to 1999 or 2006/07. I personally believe we are witnessing the melt up now as stocks have largely maintained an upward trajectory. However, as with anything that goes up big, it has a tendency to go down just as hard. I’m a fan of Capital preservation and when the Wall Street crowd is screaming a bullish story, you will know it’s about time to pull out. Generally the best alternative Investments are those that don’t correlate with equities in a downturn. The problem this time is Bonds scare me just as much (if not more) than equities. 

Cash, Precious metals, Real Estate (free and clear of debt), and other hard assets tend to be a good spot to camp out. 

If there was one thing I’d advise more than a specific investment, it’s to really do all you can to get out of debt. Focus on the small things and spend less than you make. Living a debt free life, while tough to do, is liberating and that frees you from the stresses that always hurt one when everything’s going South. 

The problem with our world today is that we live in a debt based system, and even our very currency  is a debt based instrument. The crisis that will unfold next will not be one of just the stock market or real estate, it will be that of Sovereign debt and potentially a currency crisis. 

As I wrap up this musing, just know that there are always those that will use fear porn to scare you. I’m not trying to do that and simply think that doing the common sense things will definitely be so much more profitable than trying to time the market. If your a tactical one, you can actually do very well when markets fall. In my line of work, I’ve made a lot more from falling markets than those trending up. But that is a game for the one not afraid to trade the market. This game we will soon enter will be very difficult to time and react unless your literally watching by the day. For now focus on the simplistic strategies I just outlined. Plan for the worse and hope for the best isn’t a bad way to live, and I promise you it pays dividends when you can live that way! :)

A2

Edited by A2.
  • Thanks 2

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...

Important Information

By using this site you agree to our Terms of Use and Privacy Policy. We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.