Scott

2 hours ago, Massdriver said:

I'm glad I abandoned my emotional "all in" strategy and decided to just buy little bits here and there. It's anyone's guess where this thing bottoms. This sucks. The damage is real and costing people dearly. I hope I'm spared from COVID-19 and any sort of unemployment. 

 

I think it's important to not to dip into cash that you may need if you lose your job or get the virus.

I thought this offered some helpful perspective:

From Reddit - 

"The market has dropped about 25% right now, sweet, so cheap right?

The equivalent point in 2008-9 was Sep 2008. The market dropped another 40% from that point before hitting bottom, and it took nearly 27 months to start growing up from that 9/08 level. That is a long, long time to realize 0% ROI. Buying in Sep 2008 was not a "deal". It was not "on sale". It was just locking you in to a very long and painful period of 0 growth at a time you NEEDED an extended emergency fund.

If "previous level" means the peak, it took over 6 years to return."

Seeing stocks down is an enticement to buy, but I think I'll just be padding my emergency fund for a while.

It's $1.74 in my hometown in southern Missouri.

1 hour ago, osxmatt said:

a Pacific Northwest staple.

 

 

Shit, all but one of their locations, too. For anyone who isn’t familiar with them, McMenamins is a group that owns multiple really cool businesses throughout Oregon. For example, for one of them, they converted an old elementary school into a bar, restaurant, hotel, movie theater, etc. The old detention room was converted into a cigar bar. I believe they brew their own beer and make their own wine. Definitely worth checking out if you’re in the area and if they reopen. 

1 hour ago, Signifyin(g)Monkey said:

I actually think it's very possible the pandemic actually helps Trump get re-elected, if it plays out right.  Even if his image is tarnished by stuff like this.

 

If the pandemic abates a few months before his election, all the pent up demand in the economy could be unleashed all at once and it could be booming, along with the stock market, just in time to get him a second term.

This is my exact belief as well. I’m willing to believe we’ll have made great progress on flattening the curve in the next few months. Asia is getting back to normal. Italy is leveling off. Aid will be dispensed, and the trump propaganda machine will be running at full force convincing everyone that trump’s great leadership is responsible for any and all recovery we’ve experienced. Once the economy comes back, especially with rates at 0, shit will be booming and it will be one more weapon repub propagandists can use to tout trump, right in time for the election. I think at that point people will care more about getting back to normal life than removing trump from office. I hope I’m wrong. 

I suppose it could be Tammy Baldwin. I have no strong feelings about her versus Witmer. Klobuchar was mentioned earlier in the thread; my point was I’d rather Biden try to use his VP pick to carry a state that’s more competitive than Minnesota (not that MN is a lock).

I like the idea of Gretchen Witmer. Biden probably doesn't need Klobuchar's help to carry MN, but he needs all the help he can get to carry Michigan.

People far smarter and more knowledgable than I are currently panicking and saying we're basically fucked.

This is a fun time to be browsing r/wallstreetbets

Crazy shit. OKC Utah game canceled moments before tip-off. Utah's Rudy Gobert tested positive for coronavirus.

Players sent back to the locker room. Fans told to leave the arena. Players are currently quarantined in OKC's Chesapeake Energy arena. 

Entire season suspended.

49 minutes ago, Chollowa said:

But isn't some of that attributed to the fact that right after IA and NV you couldn't turn on CNN or MSNBC without someone screaming that "fact" at you? 

Bottom line is young people fucked up. I don’t know anyone under the age of 35 who watches CNN or MSNBC. Floating head punditry was not why Bernie lost. 

Kamala appears to be angling hard for it, but I’d love to see Warren as the VP pick. She’d slay Pence at everything, and would hopefully bring on board the most progressive faction of the party.

Bernie staying in.

I like that he will force Joe to get on the record regarding progressive policy issues when the spotlight is on the two of them in the debate.

Still not a fan of him staying in, though.

Feel like it's time to coalesce and focus on Trump.

How are these statues so unprotected that you can just fucking ram a truck into them?

23 minutes ago, marioandsonic said:

Show a picture of Trump and ask if they REALLY want 4 more years of him?

This is exactly it. 
 

Who are these irresponsible, clown ass liberals that would rather pout at home than swallow their pride and go vote to make sure trump isn’t re-elected? Your favorite candidate didn’t make it? Boo fucking hoo, you baby. Keep reaching for your socialist utopia each election cycle, but in the meantime let’s get trump out of office. 

I’m in the Acceptance phase. Go get ‘em, Joe. 

Our only hope is if Biden tries to muck with trump and stumbles so epically that voters take pity on him. The equivalent of taking a swing at someone, missing, and falling on your face in a pile of manure. 

1 hour ago, marioandsonic said:

I currently contribute 6% of my pay pre-tax to my 401k.  I don't know how much more I should invest.

Keep contributing, don’t touch it, and don’t look at it. 

It’s tough to choose your head over your heart. I love Bernie as a person, and as a complete moral counterpoint to trump, but I don’t think he gets it done in the general. Too many boomers. Too much propaganda. Too much ignorance. Now isn’t the time. Gotta find someone who appeals to the rust belt, the over 55 crowd, and who won’t make blue haired college kids too dejected and disenchanted to turn out to vote. I don’t know who that is. It’s not Bloomberg. I don’t think it’s Biden. It might be Pete. 
 

Is it too late to get The Rock to run? (Sadly, I’m not kidding)

1 minute ago, SFLUFAN said:

...

What was that number?!?

150 million??

Trump oughta run this as a campaign ad.

1 hour ago, ThreePi said:

You mean ask him how much one banana costs.

I mean, it's one banana. What could it cost, 10 dollars?

Bloomberg is totally out of touch, and doesn’t have an ounce of charisma. I suspect anyone he targets with his cringe will end up actually benefitting. He’ll target socialism, and say some ra ra capitalism shit, but any traction that message gets will be in spite of Bloomberg, not because of him. 

Time for warren to drop out and pass that support along to Bernie. 

16 minutes ago, Anathema- said:

 

Do you have a fun gif of you guaranteeing everyone that Hillary would be President?