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][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]

What "big policy decisions"? "Tariffs are beautiful" and "the Fed needs to lower the 10 year rate so my loan payments go down" -- those are the only decisions being made. By one man, the dictator you apparently voted for.

You're neither independently wealthy nor a Big 4 partner - you're a koolaid-drinking Trumper who has no money in stocks because you're broke.

BTW, the 10yr dropped pretty fast in September, how quickly they forget.[/quote]
Clutching some pearls, are we?

You have NO idea who I am, and neither do I know who you are.[/quote]

Well, we can all agree that you're a clown. You've failed to make a point this entire thread.[/quote]

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