Current Events > Welp, the S&P 500 is in an official bear market

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Monolith1676 06/13/22 4:35:09 PM #1:	https://www.msn.com/en-us/money/markets/the-s-p-500-is-now-in-an-official-bear-market-according-to-s-p-dow-jones-indices/ar-AAYpsUp --- Gears of War 1 Assassination Legend <cite>Monolith1676 posted [p:965783802] in Welp, the ... [t:80056286]...</cite> <quote>https://www.msn.com/en-us/money/markets/the-s-p-500-is-now-in-an-official-bear-market-according-to-s-p-dow-jones-indices/ar-AAYpsUp </quote> ... Copied to Clipboard!
Ajiri 06/13/22 4:35:48 PM #2:	so we're in a recession, America is stupid asf --- WIRED https://www.youtube.com/user/wired <cite>Ajiri posted [p:965783824] in Welp, the ... [t:80056286]...</cite> <quote>so we're in a recession, America is stupid asf </quote> ... Copied to Clipboard!
MasterofChaos 06/13/22 4:35:54 PM #3:	Officially in a recession when --- Chaos! <cite>MasterofChaos posted [p:965783829] in Welp, the ... [t:80056286]...</cite> <quote>Officially in a recession when </quote> ... Copied to Clipboard!
Doom_Art 06/13/22 4:37:18 PM #4:	Hell yeah maybe now I'll be able to buy a house --- Not removing this until Mega Man 64 is released on the Wii Virtual Console. Started on: 12/1/2009 http://i.imgur.com/mPvcy.png <cite>Doom_Art posted [p:965783870] in Welp, the ... [t:80056286]...</cite> <quote>Hell yeah maybe now I'll be able to buy a house </quote> ... Copied to Clipboard!
Robot2600 06/13/22 4:38:15 PM #5:	buy the house dip --- ( o _o) <cite>Robot2600 posted [p:965783896] in Welp, the ... [t:80056286]...</cite> <quote>buy the house dip </quote> ... Copied to Clipboard!
PatrickMahomes 06/13/22 4:38:46 PM #6:	Doom_Art posted... Hell yeah maybe now I'll be able to buy a house as another prospective homebuyer, i'm gonna assume the market is basically going to be down for everything except home prices not bothering with getting my hopes up for homeowning until my promotion comes through which SHOULD be soon they just gotta write down a salary lmfaoh ahahahah --- https://i.imgur.com/cEQy3f4.png / https://i.imgur.com/gWKaLHC.png https://i.imgur.com/u6JR7qX.jpeg <cite>PatrickMahomes posted [p:965783914] in Welp, the ... [t:80056286]...</cite> <quote>Doom_Art posted... </cite> <quote>Hell yeah maybe now I'll be able to buy a house</quote>as another prospective homebuyer, i'm gonna assume the market is basically going to be down for everything except home prices not bothering with getting my hopes up for homeowning until my promotion comes through which SHOULD be soon they just gotta write down a salary lmfaoh ahahahah </quote> ... Copied to Clipboard!
xXfireglzXx 06/13/22 4:40:13 PM #7:	Ajiri posted... so we're in a recession, America is stupid asf GDP numbers hit in September IIRC. If it shows a second contraction then we would officially be in a recession regardless of what the government wants to label it. --- Official ANCIENT Killer. I make account bets from time to time so either man up or shut up. The Quote is dedicated to those we have lost. <cite>xXfireglzXx posted [p:965783951] in Welp, the ... [t:80056286]...</cite> <quote>Ajiri posted... </cite> <quote>so we're in a recession, America is stupid asf</quote> GDP numbers hit in September IIRC. If it shows a second contraction then we would officially be in a recession regardless of what the government wants to label it. </quote> ... Copied to Clipboard!
Scapegoated 06/13/22 4:40:25 PM #8:	Oh it's getting quite grizzly is it? --- Special Summon 4 "Sheep Tokens" (Beast/EARTH/Level 1/ATK 0/DEF 0) in Defense Position. <cite>Scapegoated posted [p:965783957] in Welp, the ... [t:80056286]...</cite> <quote>Oh it's getting quite grizzly is it? </quote> ... Copied to Clipboard!
CrimsonAngel 06/13/22 4:41:32 PM #9:	Thanks, Biden --- https://i.imgur.com/5AWjPWT.png <cite>CrimsonAngel posted [p:965783985] in Welp, the ... [t:80056286]...</cite> <quote>Thanks, Biden </quote> ... Copied to Clipboard!
Blockchain 06/13/22 4:44:27 PM #10:	Scapegoated posted... Oh it's getting quite grizzly is it? Doom_Art posted... Hell yeah maybe now I'll be able to buy a house People are losing their livelihoods wtf is wrong with you? <cite>Blockchain posted [p:965784068] in Welp, the ... [t:80056286]...</cite> <quote>Scapegoated posted... </cite> <quote>Oh it's getting quite grizzly is it?</quote> Doom_Art posted... </cite> <quote>Hell yeah maybe now I'll be able to buy a house</quote> People are losing their livelihoods wtf is wrong with you? </quote> ... Copied to Clipboard!
Zeeak4444 06/13/22 4:44:37 PM #11:	I dont even know if house hunting is worth it right now with rates climbing back up. FWIW I bought in October 2020 for 350,000 at a 2.8 I refinanced to drop PMI and shit in 2021 at 758,000 with a 3.0 yes, the house literally doubled in price in a year. Fucking insane. So if the market crashes like 40-50% and you buy at a 5.6/5.8 its really like youve bought at the same price/rate as like anytime between 2010-2019. So regardless of what the market does its gonna be wild to see but Im guessing wherever you buy the dip is still just gonna be whatever it rose the last two years. --- Typical gameFAQers are "Complainers that always complain about those who complain about real legitimate complaints."-Joker_X <cite>Zeeak4444 posted [p:965784077] in Welp, the ... [t:80056286]...</cite> <quote>I dont even know if house hunting is worth it right now with rates climbing back up. FWIW I bought in October 2020 for 350,000 at a 2.8 I refinanced to drop PMI and shit in 2021 at 758,000 with a 3.0 yes, the house literally doubled in price in a year. Fucking insane. So if the market crashes like 40-50% and you buy at a 5.6/5.8 its really like youve bought at the same price/rate as like anytime between 2010-2019. So regardless of what the market does its gonna be wild to see but Im guessing wherever you buy the dip is still just gonna be whatever it rose the last two years. </quote> ... Copied to Clipboard!
CryoForceOmelet 06/13/22 4:46:57 PM #12:	Blockchain posted... People are losing their livelihoods wtf is wrong with you? There are winners and losers in all market conditions. That's an inherent attribute of the system. --- Wow. <cite>CryoForceOmelet posted [p:965784138] in Welp, the ... [t:80056286]...</cite> <quote>Blockchain posted... </cite> <quote>People are losing their livelihoods wtf is wrong with you?</quote>There are winners and losers in all market conditions. That's an inherent attribute of the system. </quote> ... Copied to Clipboard!
Cleo_II 06/13/22 4:54:27 PM #13:	Blockchain posted... People are losing their livelihoods wtf is wrong with you? Theres a huge online presence of people wishing for economic collapse and mass job loss so they can get deals on houses. Its pretty sick. Theres a whole subreddit dedicated to it. <cite>Cleo_II posted [p:965784361] in Welp, the ... [t:80056286]...</cite> <quote>Blockchain posted... </cite> <quote>People are losing their livelihoods wtf is wrong with you?</quote>Theres a huge online presence of people wishing for economic collapse and mass job loss so they can get deals on houses. Its pretty sick. Theres a whole subreddit dedicated to it. </quote> ... Copied to Clipboard!
Talk2DaHand 06/13/22 4:57:00 PM #14:	https://gamefaqs.gamespot.com/a/user_image/7/1/0/AAN3wfAADVjW.jpg Glorious --- "The wise speak only of what they know." - J.R.R. Tolkien <cite>Talk2DaHand posted [p:965784446] in Welp, the ... [t:80056286]...</cite> <quote>https://gamefaqs.gamespot.com/a/user_image/7/1/0/AAN3wfAADVjW.jpg Glorious </quote> ... Copied to Clipboard!
radical rhino 06/13/22 4:57:47 PM #15:	The Great Recession was an amazing time for consumer prices. Free casino hotel rooms, dollar beers at restaurants, etc. --- .____ [____]===0 . . . . Ye olde beating stick. <cite>radical rhino posted [p:965784468] in Welp, the ... [t:80056286]...</cite> <quote>The Great Recession was an amazing time for consumer prices. Free casino hotel rooms, dollar beers at restaurants, etc. </quote> ... Copied to Clipboard!
ZMythos 06/13/22 4:59:12 PM #16:	Friendly reminder that money is made up and we have both the means and ability to ensure nobody starves or is homeless, but we don't do that. --- Rainbow Dashing: "it's just star wars" AutumnEspirit: kissu <cite>ZMythos posted [p:965784515] in Welp, the ... [t:80056286]...</cite> <quote>Friendly reminder that money is made up and we have both the means and ability to ensure nobody starves or is homeless, but we don't do that. </quote> ... Copied to Clipboard!
CableZL 06/13/22 5:00:49 PM #17:	Probably gonna lean towards putting money in cash on hand savings instead of the market for now, lol. I thought I was buying near the bottom recently, but clearly not. --- https://i.imgtc.com/d9Fc4Qq.gif https://i.imgtc.com/BKHTxYq.gif https://i.imgtc.com/vYYIuDx.jpg <cite>CableZL posted [p:965784564] in Welp, the ... [t:80056286]...</cite> <quote>Probably gonna lean towards putting money in cash on hand savings instead of the market for now, lol. I thought I was buying near the bottom recently, but clearly not. </quote> ... Copied to Clipboard!
CasualGuy 06/13/22 5:01:33 PM #18:	This is gonna be the final nail in the coffin for a democratic win in 24 ain't it? Or is that too doomer --- http://i.imgur.com/MoE9O68.gif <cite>CasualGuy posted [p:965784587] in Welp, the ... [t:80056286]...</cite> <quote>This is gonna be the final nail in the coffin for a democratic win in 24 ain't it? Or is that too doomer </quote> ... Copied to Clipboard!
Kaiganeer 06/13/22 5:02:42 PM #19:	https://gamefaqs.gamespot.com/a/user_image/9/0/8/AAUJr4AADU3k.jpg <cite>Kaiganeer posted [p:965784627] in Welp, the ... [t:80056286]...</cite> <quote>https://gamefaqs.gamespot.com/a/user_image/9/0/8/AAUJr4AADU3k.jpg </quote> ... Copied to Clipboard!
Cocytus 06/13/22 5:04:00 PM #20:	CableZL posted... Probably gonna lean towards putting money in cash on hand savings instead of the market for now, lol. I thought I was buying near the bottom recently, but clearly not. That's a strong statement given inflation. <cite>Cocytus posted [p:965784665] in Welp, the ... [t:80056286]...</cite> <quote>CableZL posted... </cite> <quote>Probably gonna lean towards putting money in cash on hand savings instead of the market for now, lol. I thought I was buying near the bottom recently, but clearly not.</quote>That's a strong statement given inflation. </quote> ... Copied to Clipboard!
Cocytus 06/13/22 5:04:27 PM #21:	CasualGuy posted... This is gonna be the final nail in the coffin for a democratic win in 24 ain't it? Or is that too doomer You never know. <cite>Cocytus posted [p:965784674] in Welp, the ... [t:80056286]...</cite> <quote>CasualGuy posted... </cite> <quote>This is gonna be the final nail in the coffin for a democratic win in 24 ain't it? Or is that too doomer</quote>You never know. </quote> ... Copied to Clipboard!
CableZL 06/13/22 5:05:32 PM #22:	Cocytus posted... That's a strong statement given inflation. Yeah, but I can always move money from cash on hand savings to the market. I just generally try not to do that. I just wanna wait through this downturn before I invest heavily again. --- https://i.imgtc.com/d9Fc4Qq.gif https://i.imgtc.com/BKHTxYq.gif https://i.imgtc.com/vYYIuDx.jpg <cite>CableZL posted [p:965784720] in Welp, the ... [t:80056286]...</cite> <quote>Cocytus posted... </cite> <quote>That's a strong statement given inflation.</quote> Yeah, but I can always move money from cash on hand savings to the market. I just generally try not to do that. I just wanna wait through this downturn before I invest heavily again. </quote> ... Copied to Clipboard!
HovaRex 06/13/22 5:09:36 PM #23:	CableZL posted... Yeah, but I can always move money from cash on hand savings to the market. I just generally try not to do that. I just wanna wait through this downturn before I invest heavily again. If you have extra savings you can hold, it's the best possible time to buy stocks tbh. --- I come back to you now, at the turn of the tide. <cite>HovaRex posted [p:965784819] in Welp, the ... [t:80056286]...</cite> <quote>CableZL posted... </cite> <quote>Yeah, but I can always move money from cash on hand savings to the market. I just generally try not to do that. I just wanna wait through this downturn before I invest heavily again.</quote> If you have extra savings you can hold, it's the best possible time to buy stocks tbh. </quote> ... Copied to Clipboard!
JuanCarlos1 06/13/22 5:11:29 PM #24:	Cleo_II posted... Theres a huge online presence of people wishing for economic collapse and mass job loss so they can get deals on houses. Its pretty sick. Theres a whole subreddit dedicated to it. I'ts sick, but ...there not much else they can do in order to afford a house. Its the capitalistic individualism that our economic system has created. CasualGuy posted... This is gonna be the final nail in the coffin for a democratic win in 24 ain't it? Or is that too doomer At this rate even Lauren Boebert could beat Biden...since he seems to be the candidate by default --- Mas dicen, que en las dimensiones de nuestro ser... hay muchos detalles por conocer... <cite>JuanCarlos1 posted [p:965784864] in Welp, the ... [t:80056286]...</cite> <quote>Cleo_II posted... </cite> <quote>Theres a huge online presence of people wishing for economic collapse and mass job loss so they can get deals on houses. Its pretty sick. Theres a whole subreddit dedicated to it.</quote> I'ts sick, but ...there not much else they can do in order to afford a house. Its the capitalistic individualism that our economic system has created. CasualGuy posted... </cite> <quote>This is gonna be the final nail in the coffin for a democratic win in 24 ain't it? Or is that too doomer </quote>At this rate even Lauren Boebert could beat Biden...since he seems to be the candidate by default </quote> ... Copied to Clipboard!
BignutzisBack 06/13/22 5:18:58 PM #25:	The housing market will be the only thing that doesn't tank imo --- http://i.imgur.com/plA0Vg9.gif https://media.giphy.com/media/dgK22exekwOLm/giphy.gif <cite>BignutzisBack posted [p:965785089] in Welp, the ... [t:80056286]...</cite> <quote>The housing market will be the only thing that doesn't tank imo </quote> ... Copied to Clipboard!
CableZL 06/13/22 5:19:47 PM #26:	HovaRex posted... If you have extra savings you can hold, it's the best possible time to buy stocks tbh. Yeah, I just want to wait until closer to the "bottom" before I start investing heavily again. It's hard to time the market, sure, but I wanna see how things play out over the next couple months. --- https://i.imgtc.com/d9Fc4Qq.gif https://i.imgtc.com/BKHTxYq.gif https://i.imgtc.com/vYYIuDx.jpg <cite>CableZL posted [p:965785107] in Welp, the ... [t:80056286]...</cite> <quote>HovaRex posted... </cite> <quote>If you have extra savings you can hold, it's the best possible time to buy stocks tbh.</quote>Yeah, I just want to wait until closer to the "bottom" before I start investing heavily again. It's hard to time the market, sure, but I wanna see how things play out over the next couple months. </quote> ... Copied to Clipboard!
Pitlord_Special 06/13/22 5:23:33 PM #27:	BignutzisBack posted... The housing market will be the only thing that doesn't tank imo Yeah I'd agree. At most I see it slowing down or leveling off for a bit. Capital's apparent solution to the labor shortage is to squeeze the working class on the basic necessities (food, shelter, gas) so that everyone has to work two jobs to survive so the rich will just buy up and hoard more property if housing starts to go down. --- Posted from my iPhone 13 <cite>Pitlord_Special posted [p:965785218] in Welp, the ... [t:80056286]...</cite> <quote>BignutzisBack posted... </cite> <quote>The housing market will be the only thing that doesn't tank imo</quote> Yeah I'd agree. At most I see it slowing down or leveling off for a bit. Capital's apparent solution to the labor shortage is to squeeze the working class on the basic necessities (food, shelter, gas) so that everyone has to work two jobs to survive so the rich will just buy up and hoard more property if housing starts to go down. </quote> ... Copied to Clipboard!
HovaRex 06/13/22 5:26:02 PM #28:	CableZL posted... Yeah, I just want to wait until closer to the "bottom" before I start investing heavily again. It's hard to time the market, sure, but I wanna see how things play out over the next couple months. I understand that for sure. I bought a bit of some stocks I've been following for awhile cause I figure even if they are going down more they're still very undervalued rn. But yeah I'll still be salty if I miss a few points. --- I come back to you now, at the turn of the tide. <cite>HovaRex posted [p:965785290] in Welp, the ... [t:80056286]...</cite> <quote>CableZL posted... </cite> <quote>Yeah, I just want to wait until closer to the "bottom" before I start investing heavily again. It's hard to time the market, sure, but I wanna see how things play out over the next couple months.</quote> I understand that for sure. I bought a bit of some stocks I've been following for awhile cause I figure even if they are going down more they're still very undervalued rn. But yeah I'll still be salty if I miss a few points. </quote> ... Copied to Clipboard!
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Iodine 06/13/22 5:35:49 PM #30:	CasualGuy posted... This is gonna be the final nail in the coffin for a democratic win in 24 ain't it? Or is that too doomer If the Economy rebounds by Jan 2024 they might be able to pull it out. Mid-terms is toast tho. --- In Belichick we Trust <cite>Iodine posted [p:965785526] in Welp, the ... [t:80056286]...</cite> <quote>CasualGuy posted... </cite> <quote>This is gonna be the final nail in the coffin for a democratic win in 24 ain't it? Or is that too doomer</quote>If the Economy rebounds by Jan 2024 they might be able to pull it out. Mid-terms is toast tho. </quote> ... Copied to Clipboard!
Cocytus 06/13/22 5:38:39 PM #31:	BignutzisBack posted... The housing market will be the only thing that doesn't tank imo Nearly good as gold. <cite>Cocytus posted [p:965785612] in Welp, the ... [t:80056286]...</cite> <quote>BignutzisBack posted... </cite> <quote>The housing market will be the only thing that doesn't tank imo</quote>Nearly good as gold. </quote> ... Copied to Clipboard!
Jiek_Fafn 06/13/22 5:43:03 PM #32:	BignutzisBack posted... The housing market will be the only thing that doesn't tank imo At worst/best it'll do a very slight dip. Most likely it'll just level out some. These companies thst bought up all these houses at low interest rates know exactly what they're doing. Just rent them out to the folks who you priced out of the buy in for homeownership. Gouge them as much as you can which makes sure they'll never be able to afford that buy in. It's a self sustaining market for as long as materials are too costly to build new houses at a cheaper price point. Even then, it'll be years before that catches up too. --- I don't believe in belts. There should be no ranking system for toughness. <cite>Jiek_Fafn posted [p:965785737] in Welp, the ... [t:80056286]...</cite> <quote>BignutzisBack posted... </cite> <quote>The housing market will be the only thing that doesn't tank imo</quote>At worst/best it'll do a very slight dip. Most likely it'll just level out some. These companies thst bought up all these houses at low interest rates know exactly what they're doing. Just rent them out to the folks who you priced out of the buy in for homeownership. Gouge them as much as you can which makes sure they'll never be able to afford that buy in. It's a self sustaining market for as long as materials are too costly to build new houses at a cheaper price point. Even then, it'll be years before that catches up too. </quote> ... Copied to Clipboard!
HovaRex 06/13/22 5:44:39 PM #33:	BignutzisBack posted... The housing market will be the only thing that doesn't tank imo Idk about that. In a world where no one defaults on their mortgages and gets foreclosed on maybe. However, lots of people took these predatory adjustable rate loans out because they thought they were getting a great rate at the time. Combine that with a lack of potential buyers since no one has money kinda makes a dip seem inevitable. --- I come back to you now, at the turn of the tide. <cite>HovaRex posted [p:965785785] in Welp, the ... [t:80056286]...</cite> <quote>BignutzisBack posted... </cite> <quote>The housing market will be the only thing that doesn't tank imo</quote> Idk about that. In a world where no one defaults on their mortgages and gets foreclosed on maybe. However, lots of people took these predatory adjustable rate loans out because they thought they were getting a great rate at the time. Combine that with a lack of potential buyers since no one has money kinda makes a dip seem inevitable. </quote> ... Copied to Clipboard!
Will_VIIII 06/13/22 5:46:16 PM #34:	Who the heck is block chain --- "Do not speak to fools, for they will scorn your prudent words." - Proverbs 23:9. Antivaxxers are objectively stupid people. <cite>Will_VIIII posted [p:965785823] in Welp, the ... [t:80056286]...</cite> <quote>Who the heck is block chain </quote> ... Copied to Clipboard!
crayola555 06/13/22 5:50:57 PM #35:	BignutzisBack posted... The housing market will be the only thing that doesn't tank imo Historically, the stock market and the housing market are almost always their own separate thing. They don't really correlate with each other. --- 3DS FC: 0619-4850-3479 IGN: AlmaDelita <cite>crayola555 posted [p:965785934] in Welp, the ... [t:80056286]...</cite> <quote>BignutzisBack posted... </cite> <quote>The housing market will be the only thing that doesn't tank imo</quote> Historically, the stock market and the housing market are almost always their own separate thing. They don't really correlate with each other. </quote> ... Copied to Clipboard!
Anony1125 06/13/22 6:22:01 PM #36:	https://gamefaqs.gamespot.com/a/user_image/8/0/1/AAO7dSAADVkx.png Ow, my everything. The question is whether to dial back the leverage so I stop getting btfo, or quadruple down and leverage myself even more. Thinking about doing the latter. No pain, no gain! --- Feeling really good. Faceless goofus in a sea of alts <cite>Anony1125 posted [p:965786873] in Welp, the ... [t:80056286]...</cite> <quote>https://gamefaqs.gamespot.com/a/user_image/8/0/1/AAO7dSAADVkx.png Ow, my everything. The question is whether to dial back the leverage so I stop getting btfo, or quadruple down and leverage myself even more. Thinking about doing the latter. No pain, no gain! </quote> ... Copied to Clipboard!
Solid Snake07 06/13/22 7:06:38 PM #37:	Doom_Art posted... Hell yeah maybe now I'll be able to buy a house your savings and income are rapidly losing spending power, so good luck with that --- "People incapable of guilt usually do have a good time" -Detective Rust Cohle <cite>Solid Snake07 posted [p:965788398] in Welp, the ... [t:80056286]...</cite> <quote>Doom_Art posted... </cite> <quote>Hell yeah maybe now I'll be able to buy a house</quote> your savings and income are rapidly losing spending power, so good luck with that </quote> ... Copied to Clipboard!
Giblet_Enjoyer 06/13/22 7:43:36 PM #38:	ZMythos posted... Friendly reminder that money is made up and we have both the means and ability to ensure nobody starves or is homeless, but we don't do that. Friendly reminder that this argument applies just as easily to language and yet here you are, using it to express ideas --- He which make friends with scorpion, soon come to find out what a scorpion does - they bite people with its tail --ancient Chinese proverb <cite>Giblet_Enjoyer posted [p:965789504] in Welp, the ... [t:80056286]...</cite> <quote>ZMythos posted... </cite> <quote>Friendly reminder that money is made up and we have both the means and ability to ensure nobody starves or is homeless, but we don't do that.</quote>Friendly reminder that this argument applies just as easily to language and yet here you are, using it to express ideas </quote> ... Copied to Clipboard!
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Current Events > Welp, the S&P 500 is in an official bear market (+) Yeah! (+)

Current Events > Welp, the S&P 500 is in an official bear market