When is Enough ,Enough?


SolidSnake84
06-26-2020, 11:44 AM
Sooo, in other news the Dow is tanking again.

Will it make it to zero this time?

Someone said on here a while back that nobody was betting against the USA recovering, but i say look at the dow and that's exactly what is happening.

Can anyone give me layman financial advice on if it is time to pull my 401K out? I was told that under the CARES act, people can now pull out their 401K with no penalty to keep them from losing everything when the stock market dies...

Thanks

Chico23231
06-26-2020, 11:51 AM
It was a perfectly understandable overreaction given the current social climate

Oh yeah there is a demand right now for finding racist behavior in everything. Tearing down Statues of Lincoln...the absolute stupidity is a clown show. Hats off to the radical left...god knows if the radical right was rioting and pushing dumbshit narratives, we would know how the reaction would be.

MTK
06-26-2020, 11:55 AM
Oh yeah there is a demand right now for finding racist behavior in everything. Tearing down Statues of Lincoln...the absolute stupidity is a clown show. Hats off to the radical left...god knows if the radical right was rioting and pushing dumbshit narratives, we would know how the reaction would be.

A lot of dumb shit comes along with any movement. The radicals on either side aren't representatives of the majority.

MTK
06-26-2020, 12:13 PM
Sooo, in other news the Dow is tanking again.

Will it make it to zero this time?

Someone said on here a while back that nobody was betting against the USA recovering, but i say look at the dow and that's exactly what is happening.

Can anyone give me layman financial advice on if it is time to pull my 401K out? I was told that under the CARES act, people can now pull out their 401K with no penalty to keep them from losing everything when the stock market dies...

Thanks

A little perspective, Dow Jones - DJIA - 100 Year Historical Chart (https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart)

Pulling your 401k would be a really bad idea, unless you're close to retiring you ride this out

Chico23231
06-26-2020, 12:44 PM
Sooo, in other news the Dow is tanking again.

Will it make it to zero this time?

Someone said on here a while back that nobody was betting against the USA recovering, but i say look at the dow and that's exactly what is happening.

Can anyone give me layman financial advice on if it is time to pull my 401K out? I was told that under the CARES act, people can now pull out their 401K with no penalty to keep them from losing everything when the stock market dies...

Thanks

That last part isn’t exactly true. If you want less risk you can move it into stable capital, bonds, etc. but you really shouldn’t be cashing out. That’s just my advice. Expect a lot of up and down in market, but the event which could send the market thru the roof would be a vaccine announcement...your not gonna want to miss that.

sdskinsfan2001
06-26-2020, 01:10 PM
A little perspective, Dow Jones - DJIA - 100 Year Historical Chart (https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart)

Pulling your 401k would be a really bad idea, unless you're close to retiring you ride this out

Thank goodness riding it out is the right answer. The stress of defunding my 401K is a big fat no thank you.

httr198020
06-26-2020, 10:02 PM
I like to be in the middle.

Yes it was a noose, but as someone who works in a garage and been in a metric fuck-ton of garages in the last 10 years, I've seen enough people use all kinds of knots to know someone probably just wanted something easy to grab to pull the door down. Was it an overreaction? Sure, but better safe than sorry. Shame there are gonna be people out there trying to put it on Bubba Wallace like he was the one that found it and reported it, this isn't another Jussie Smollett episode (who I fully support prosecuting).

Bubba Smollet, along with the other leftwing nazis, hoped that some white shit-kicking supremacists planted a noose so they could push their false racism narrative. You should have seen the look on his face when it was proven to be a hoax. Donna Lemon and Bubba Smollet looked like they were about to cry during their interview on CNN. Bubba looked more upset that it wasn't a hate crime than he did when he thought it was. So what does that tell you about him? I'm all good with being safe and protecting people from criminals who would do them harm. But don't you think NASCAR should have at least confirmed that a crime had taken place before telling the world that it did?

Giantone
06-27-2020, 02:11 PM
IF trump knew about this and did nothing he should quit the Office!

Russia Offered Afghans Bounty to Kill U.S. Troops, Officials Say

https://www.yahoo.com/news/russia-offered-afghans-bounty-kill-142839178.html


WASHINGTON — American intelligence officials have concluded that a Russian military intelligence unit secretly offered bounties to Taliban-linked militants for killing coalition forces in Afghanistan — including targeting American troops — amid the peace talks to end the long-running war there, according to officials briefed on the matter.

The United States concluded months ago that the Russian unit, which has been linked to assassination attempts and other covert operations in Europe intended to destabilize the West or take revenge on turncoats, had covertly offered rewards for successful attacks last year.

Islamist militants, or armed criminal elements closely associated with them, are believed to have collected some bounty money, the officials said. Twenty Americans were killed in combat in Afghanistan in 2019, but it was not clear which killings were under suspicion.

The intelligence finding was briefed to President Donald Trump, and the White House’s National Security Council discussed the problem at an interagency meeting in late March, the officials said. Officials developed a menu of potential options — starting with making a diplomatic complaint to Moscow and a demand that it stop, along with an escalating series of sanctions and other possible responses, but the White House has yet to authorize any step, the officials said.

httr198020
06-27-2020, 05:44 PM
IF trump knew about this and did nothing he should quit the Office!

Russia Offered Afghans Bounty to Kill U.S. Troops, Officials Say

https://www.yahoo.com/news/russia-offered-afghans-bounty-kill-142839178.html


WASHINGTON — American intelligence officials have concluded that a Russian military intelligence unit secretly offered bounties to Taliban-linked militants for killing coalition forces in Afghanistan — including targeting American troops — amid the peace talks to end the long-running war there, according to officials briefed on the matter.

The United States concluded months ago that the Russian unit, which has been linked to assassination attempts and other covert operations in Europe intended to destabilize the West or take revenge on turncoats, had covertly offered rewards for successful attacks last year.

Islamist militants, or armed criminal elements closely associated with them, are believed to have collected some bounty money, the officials said. Twenty Americans were killed in combat in Afghanistan in 2019, but it was not clear which killings were under suspicion.

The intelligence finding was briefed to President Donald Trump, and the White House’s National Security Council discussed the problem at an interagency meeting in late March, the officials said. Officials developed a menu of potential options — starting with making a diplomatic complaint to Moscow and a demand that it stop, along with an escalating series of sanctions and other possible responses, but the White House has yet to authorize any step, the officials said.
Is this the same American Intelligence that swore that Iraq had weapons of mass destruction? Unless they can provide some evidence that this actually happened then the president shouldn't do anything. The last thing he should do is take them at their word. Before we increase tension with nuclear power it must be confirmed that this actually happened. You know how US intelligence operates. They'll take the word of the local bartender without any verification.

mooby
06-27-2020, 05:44 PM
Oh yeah there is a demand right now for finding racist behavior in everything. Tearing down Statues of Lincoln...the absolute stupidity is a clown show. Hats off to the radical left...god knows if the radical right was rioting and pushing dumbshit narratives, we would know how the reaction would be.

We already let you have your turn, it was called Unite the Right, happened in Charlottesville iirc?

Remember? "Jews will not replace us (https://youtu.be/RIrcB1sAN8I)"

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