Reply to More stock market carnage coming?! S&P futures down another 4.5%!

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We need the retirement accounts because globalization killed defined benefit pensions.  In addition to blue collar jobs.
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No. What you need is...restraint. Who said pensions were a given? Who said, retirement accounts should be mostly invested in stonks?? There's a reason a 60/40 split of stocks/bonds was considered a balanced portfolio. Look at the 10y yield. It has not dropped this much, this fast for quite a while. It's doing the job of the Fed, causing rates to go down, without bowing at Powell's feet.

We've been living large on borrowed time and money for far too long. If the current events actually stick and cause "reality" to rear its head, we're looking at a lot of pain. And that pain is needed.[/quote]

Ah! I recognize you! You are the small business owner who paid off their mortgage, barely invests in the market, and has no understanding of how economies work. You are embarrassing yourself with this talk about restraint. It’s like you live in a different metaverse where you are trying to out the globalization - the genie in the bottle back in. [/quote]
No. I'm independently wealthy and a partner at a "Big 4" firm...in policy support. I may not be directly connected to the President (or Elon for that matter), but I'm in the room when these big policy decisions are being discussed.[/quote]

Well I hope you get a haircut just like the rest of us.  But you're probably poised to do some insider trading that you'll never get busted for.[/quote]
Both statements are true. My portfolio [i]will[/i] take a hit, just like anybody else, and yes, I do have access to non-public information. Regularly. Whether I choose to act on it or not...is complicated.[/quote]

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