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Old 04-02-2020, 01:04 AM #11
Zeez
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Once again people who worked their entire lives get their 401ks depleted so that the wealthy can come in and steal the equity for pennies on the dollar. The bullshit with our buddies the Saudis slamming oil prices down makes it so much worse. If that's not enough, the that little bird crumbs get thrown out to help the little people are dwarfed by huge bailouts going to corporations. Can anybody say wealth transfer?
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Old 04-02-2020, 01:31 AM #12
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Originally Posted by Zeez View Post
Once again people who worked their entire lives get their 401ks depleted so that the wealthy can come in and steal the equity for pennies on the dollar. The bullshit with our buddies the Saudis slamming oil prices down makes it so much worse. If that's not enough, the that little bird crumbs get thrown out to help the little people are dwarfed by huge bailouts going to corporations. Can anybody say wealth transfer?
its the russians and saudis fucking with the crude, complete war. wonder why?

russians and french were in the news last year with issues and sales, someone was also sitting on a shit ton of polluted crude, and now oil is below 20 a barrel

seems the powers that be are really fighting shit out, wonder when the real shit is going to hit the fan?
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Old 04-02-2020, 01:49 AM #13
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Originally Posted by Lyfespan View Post
its the russians and saudis fucking with the crude, complete war. wonder why?

russians and french were in the news last year with issues and sales, someone was also sitting on a shit ton of polluted crude, and now oil is below 20 a barrel

seems the powers that be are really fighting shit out, wonder when the real shit is going to hit the fan?
VW is starting a whole line of affordable electric cars first bringing them out in Europe. I think everyone knows the gig is up on oil and they all want to dup it in the few good demand years left.
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Old 04-05-2020, 03:50 PM #14
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It's shaping up, the $$ I get from the gov - $1200 ? - will go to a stock market account for buying at the bottom.

Will wait till (approx.) the Monday after Sunday May 3 - 4 weeks.

I think there will be something about a MILLION Americans dying from Covid19 that will crush equity markets, regardless of what the Fed does.

and stocks will be available for pennies on the dollar.

of course you have to make sure you buy stock in a company that isn't en route to BK ness.
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Old 04-05-2020, 04:06 PM #15
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I don't know if it applies anymore but
Buy on Monday, Sell on Friday.

In any anycase, if you want to make money, buy what I sell, and sell what I buy. Lol
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Old 04-08-2020, 09:08 PM #16
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I sold all my stocks and etf's in the fall of 2018, sitting on the sidelines in the meantime has been brutal, but I have been able to buy a lot of stocks on the cheap these past few weeks.

As far as the whole "rich stealing from the poor" thing, just hang on to your stocks/etfs. your % ownership of the company won't change unless the company buyback shares or issues new ones. You will get your cut of the companies income same as always.
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Old 04-10-2020, 06:54 AM #17
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I'm waiting for the 75% to 90% drop.
You mean this drop ?

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