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The Swarm Lounge
General Investing and Economics Discussion - No Politics
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<blockquote data-quote="Deleted member 2897" data-source="post: 709642"><p>I'm telling you, it smells of Fed support. I'm not touching it. The stock market could go up 30% and I'm still not touching it. People are forecasting close to $4 Trillion deficits, 30%+ unemployment, 30%+ drop in GDP, high levels of economic misery around the country. There are already mile long lines for soup kitchens. None of this comports with a stock market where it is. I'm not saying others should stay out - but for my personal level of risk tolerance and timeframe with money (I have 1 kid entering college next fall and 1 more a few years after that), I'm not touching this market right now with a 10 foot pole. Its completely nonsensical. I mean Disney company just laid off almost 50,000 people yesterday alone.</p></blockquote><p></p>
[QUOTE="Deleted member 2897, post: 709642"] I'm telling you, it smells of Fed support. I'm not touching it. The stock market could go up 30% and I'm still not touching it. People are forecasting close to $4 Trillion deficits, 30%+ unemployment, 30%+ drop in GDP, high levels of economic misery around the country. There are already mile long lines for soup kitchens. None of this comports with a stock market where it is. I'm not saying others should stay out - but for my personal level of risk tolerance and timeframe with money (I have 1 kid entering college next fall and 1 more a few years after that), I'm not touching this market right now with a 10 foot pole. Its completely nonsensical. I mean Disney company just laid off almost 50,000 people yesterday alone. [/QUOTE]
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General Investing and Economics Discussion - No Politics
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