The 2008 crash bottomed in 2009

Yeah, I liked that thread, so I opened it again.

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It has hardly even crashed

thanks fren i posted that thread.

I reckon that's the reason Warren Buffett is still sitting in cash.

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The economy has crashed but stocks haven't, it's like the part in the big short where everybody knows it is wrong yet the market is still going up

you got a clip of that?

Who here /cash/?

I'm not pretending to have a crystal ball, but when more and more bad news just keeps rising the market, I have a hard time believing that it is all priced in. My only question is who the fuck is buying right now? Retail buyers?

i need to illegally download that movie

if you really wanna compare the two, consider that in each case the flash crash cut the market by appx 50%, then rebounded up. we already hit like 17 000 in the djia. you lost. you missed the dip.
please insert more quarters to play again.

I’m about 70% USD and 30% BTC. I really just don’t know if they’ll let the bubble pop so I can’t hold all cash since that would be too risky.

Fed purchases really did do a lot to tip the scale for the time being

100% tethered up over here..

The rest of my funds are in silver.

OP is a big brain, everyone buying right now is buying the trap just like in late 2018

I sold in September and I'm not buying in any time soon. deflation might be coming. either way I'm not buying stocks until something changes

My 401k is in stable funds for now. I don't mind missing out on these gains. I'm not buying back into a Ponzi just because it's historically been a smarty thing to do.

>buying the trap
how much for a man like this?

the fed is buying.

I had or have 15k in cash and am unironically getting a apartment with a mortgage. i rather lose money in the short term and lock in a fixed rate than keeping the cash and losing it all for the inflation that will come, and i won't be able to get a rate this low ever again in my life time.

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Yeah I just refinanced my house at 3% 30yr fixed. Wasn't even a big difference between 15 and 30 year, and the 30 year gives me a better safety net.

Yas Forums scared me into selling in Feb. Some 15 year old racists saved me a lot of money, because I wasn't paying attention to the virus. Also was easily able to get masks, gloves and hand sanitizer thanks to those little nazis.

I am 46% /cash/

More like hyperinflation brrrrrrr

Look up the dollar milkshake theory

>better safety net.
exactly, i dont plan on carrying it to 30 years, but IF I have to I can

It didn't make a whole lot of sense for me to get a 15 at the current slight rate differences. When I originally got my mortgage I got a 15 because it was significantly cheaper. I was floored when I saw the current difference between 15 and 30, not to mention now I have a fixed rate. My old one was adjustable at 2024.

I still don't know if home ownership was a good call or not though. Insurance is super expensive here in Florida, property tax, etc. It's nice to have a home and I'm 70% paid off (I only took a loan on 40% of the house cost), but only time will tell if the math will work out for me.

What are you talking about? Even Warren Buffet called the current pump a bull trap.

that's great to hear. yeah I was there telling people to sell as well but I'm old and not racist. I miss old Yas Forums

my understanding is that since this will be a global recession everyone is going to want dollars, so the relative value of the dollar will go up despite fed printing and despite our country being fucked

>florida
oh fuck. well you know what they say, its all location based. look at it this way... you have a home, you dont need to worry about it for a while while this bullshit economic storm is coming ride it out on home ownership it will be better than renting.

now if you start thinking long term, you want to bail out of the entire state, consider that. and when youre ready, sell the house. you can buy acres of land out in BFE USA for what your house probably cost you. You need an exit strategy before the state is under water, like literally.

that's bullish af

Maybe it took 5.5 years for them to print all that cash? This time I think it'll take 5.5 months for the Kingdom of Saud to realize that hanging on to all our worthless dollars isn't in their best interest so they try to dump them on China or Europe, and the dominoes start tumbling.

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>that's great to hear. yeah I was there telling people to sell as well but I'm old and not racist. I miss old Yas Forums
Initially I didn't just take the advice, but it got me to start doing some research on what was going on. I had written corona as just another SARS nothingburger. It got me to look and see china getting fucked. End of Feb I pulled out and decided to sit on the sidelines. I'm one of those Bogleheads too so pretty resistant to pulling out, but I just had an awful gut feeling on this. Not a bad time to be liquid anyways.

My business is here, that's what keeps me. But yeah eventually I'd like to retire in the boonies someplace. I think I'll be here another 20 years or so, so I'm not all that worried about a real estate crash.

>old and not racist
So stupid then?

cringe