Stock Market Update

Posted on August 5, 2024 by DRenegade
    
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The Southern Nationalist
The Southern Nationalist
3 months ago

I just bought 12 shares of Verizon and it went up, rebound?

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Michael
Michael
3 months ago
Reply to  The Southern Nationalist

You might want to look up how the Stock Market acted in the months before Black Friday.

Lots of corrections, smaller and smaller rebounds.

Are we in the same situation? Maybe.

A snip from a discussion I had with an old friend today:
Markets are a heady mixture of greed and fear. Add to that a dash of politics, a cup of Fed interference and a large glop of international “excitement”…well….

If it was normalish times, I’d comment that our current “Correction” is just the START of the Birthing Pains of our collapsing economy. History shows during the stock market correction, recovery, deeper correction, less recovery then the BACK FRIDAY of DOOM leading to the Greater Depression.

I wonder if it will be patched up enough for the Democrats to do a “Hoover” and cheat to let Trump “Win” and take the blame for the Greater Depression and America’s bankruptcy.

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The Southern Nationalist
The Southern Nationalist
3 months ago
Reply to  Michael

I’ll keep my eyes open, I’ve got some pension money coming soon that will need to be put somewhere with a margin of safety.
Bonds maybe?

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Michael
Michael
3 months ago
Reply to  The Southern Nationalist

I STRONGLY SUGGEST taking advantage of the dip in Gold prices.

Hold IN HAND Gold, not we “promise” to Hold for you paper gold.

WHY? Because they have the choice of chopping military spending, chopping social services and grinding away at the “Deficit Spending”.

OR Default of debts by Hyperinflation aka the Weimar Germany gold mark to paper mark and saying, “the mark is the mark” to “Officially” PAY their debts with worthless fiat.

Lay your bets said the Croupier.

PS this assumes you have AMPLE shelf stable food, ability to secure and treat water (X2) ability to repair your shelter from damages from Chaos. Most of us have ample self defense but 3 days without or bad water means you and yours are dead or wishing you were dead.

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