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Drudge Retort: The Other Side of the News
Friday, November 26, 2021

U.S. stock dropped on Friday on renewed Covid fears over a new variant found in South Africa.

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The important question is will this new variant negatively effect Mythbomber's gym schedule?

And if so, will it be the National Socialist's fault?

#1 | Posted by Corky at 2021-11-26 11:07 PM | Reply

Perhaps Biden could prop up the market with the strategic dollar reserve,

#2 | Posted by visitor_ at 2021-11-26 11:23 PM | Reply

Biden could prop up the market

I'd prefer he didn't spend tax dollars bailing out the rich.

#3 | Posted by ClownShack at 2021-11-27 12:15 AM | Reply

Dips are opportunities to buy.

#4 | Posted by AMERICANUNITY at 2021-11-27 06:21 AM | Reply

Dips are opportunities to buy.

#4 | POSTED BY AMERICANUNITY AT 2021-11-27 06:21 AM | FLAG:

ML stockbot go brrrr

#5 | Posted by sitzkrieg at 2021-11-27 08:02 AM | Reply

Trump's fault, of course.
*braaap

#6 | Posted by phesterOBoyle at 2021-11-27 08:39 AM | Reply

Oh please, phester.

You know that the Repubs will refuse to do anything as far as mitigation is concerned while still whining about the Obiden virus.

#7 | Posted by jpw at 2021-11-27 08:43 AM | Reply

And what the hell is *braaaap. You post that baby talk cutesy ---- constantly. Did you stroke or something?

#8 | Posted by jpw at 2021-11-27 08:44 AM | Reply

Braaap is a loud force-out fart. Its a faux punctuation to a ridiculous statement.
Kinda like:
Dow crashes.. DNC claims it means nothing and has absolutely nothing to do with POTUS.

#9 | Posted by phesterOBoyle at 2021-11-27 09:01 AM | Reply

Dow crashes.. DNC claims it means nothing and has absolutely nothing to do with POTUS.

#9 | POSTED BY PHESTEROBOYLE

It's no wonder you morons are so easily taken in by people like Trump.

You have zero realistic ideas or expectations about how reality works.

#10 | Posted by jpw at 2021-11-27 09:32 AM | Reply

I'd like Phester to explain how Biden had anything to do with the drop, especially since it started in Asia markets, directly tied to the news about he Southern Africa Omicron virus.

Phester, the floor is yours. Please show us how this isn't a severe case of BDS.

#11 | Posted by YAV at 2021-11-27 09:36 AM | Reply

~tap tap *feedback squawk..
OK first off Biden did not directly cause this crash.
Second point: the POTUS *DOES and can influence the market.
Third point: millions of "small" people like myself have our IRA or 401k invested in the market. So "YES the market does matter.

#12 | Posted by phesterOBoyle at 2021-11-27 09:45 AM | Reply

You are correct.
Biden did not cause this crash.
Thank you.

#13 | Posted by YAV at 2021-11-27 09:59 AM | Reply

Second point: the POTUS *DOES and can influence the market.
Third point: millions of "small" people like myself have our IRA or 401k invested in the market. So "YES the market does matter.

#12 | POSTED BY PHESTEROBOYLE

Yes, they can.

But I'd say a solid 75% of times people claim a POTUS caused an economic *something* they're attributing more to POTUS than is warranted.

Given 80% of people can't even handle the simple notion that time is a spectrum and economics plays out on time frames long and short (usually long) it only adds to my facepalming.

Also, no one ever said "it doesn't matter." That's your misrepresentation of the objective fact that the markets don't reflect the economic conditions of the average person.

#14 | Posted by jpw at 2021-11-27 10:03 AM | Reply

Phester will engage and honestly respond. I appreciate that.

#15 | Posted by YAV at 2021-11-27 10:22 AM | Reply

"Third point: millions of "small" people like myself have our IRA or 401k invested in the market. So "YES the market does matter."

So millions of the Hoi Polloi were conned into gambling their life savings in the stock markets. And you probably think that's normal.

But please don't get upset or blame anyone else if you lose your bet from time to time.

That's why they call it gambling.

None of my retirement pension is invested in the stock market. Thank you very much! I am retired so my days of gambling with my retirement are over.

(And I am not dependent on social security either)

But I guess they don't make pensions like that anymore.

Because freedom! It's more important than retiring comfortably on a real pension.

Apparently.

#16 | Posted by donnerboy at 2021-11-27 10:38 AM | Reply

Yeah Phesteroboyle is great. He just needs Tiger Balm treatment every so often.

#17 | Posted by LauraMohr at 2021-11-27 10:50 AM | Reply

Donner you can spin this any way you want but the fact remains that millions of Americans with IRAs and 401s are invested in the market.
Actual pensions are not normally invested, they are managed by the issuing company.

#18 | Posted by phesterOBoyle at 2021-11-27 10:52 AM | Reply

"He just needs Tiger Balm treatment every so often.
#17 | POSTED BY LAURAMOHR"

Hmm that sounds tittiling. ;o)

#19 | Posted by phesterOBoyle at 2021-11-27 10:54 AM | Reply | Funny: 1

POSTED BY PHESTEROBOYLE

And isn't it great for them that the Dow is up just over 14% year-to-date?

#20 | Posted by schifferbrains at 2021-11-27 11:00 AM | Reply

#20 So Biden Made Americans Rich Again

#21 | Posted by bored at 2021-11-27 11:05 AM | Reply

-So millions of the Hoi Polloi

Who exactly are you referring to?

Millions of Joe Schmos make $80K and have $300K - $500K in their retirement.

If they are inside 10 years from retirement they shouldn't be positioned to be hurt much by days like yesterday.

And in the interest of consistency ... ..NO ... .it's completely stupid to blame or credit the president for a single day or even months of stock market performance.

#22 | Posted by eberly at 2021-11-27 11:21 AM | Reply

A 2% drop on shortened market hours and low volume. Wake me up when there are limit down halts and weeks which end -10% M-F.

My $0.02, this was the start of rebalancing back into Covid names, SaaS and WFH.

#23 | Posted by GOnoles92 at 2021-11-27 11:27 AM | Reply

"We're seeing levels not seen from two weeks ago!"
-2%

Duration in market > timing the market

#24 | Posted by GOnoles92 at 2021-11-27 11:28 AM | Reply

>>they shouldn't be positioned to be hurt much by days like yesterday.

And, full context, whatever exposure they had in 2021 is up 14% ytd, even with a scare like yesterday.

Obviously this new variant has people going 'aww ----...again?'

#25 | Posted by schifferbrains at 2021-11-27 11:29 AM | Reply | Newsworthy 1

Actual pensions are not normally invested, they are managed by the issuing company.

#18 | POSTED BY PHESTEROBOYLE

Actuall pensions are very very rare. You still get the same crappy wages mostly but no pension. And they wonder why so many people are deciding it's just not worth it.

Most companies now offer no guaranteed income in retirement, but instead put the responsibility for saving and investing entirely on the individual, leaving people more worried about their financial futures " like you are now. And now this is "normal" to you and I am just "spinning things".

But regardless don't blame the stock market for your ignorance. It never was a good place to put your retirement for the very reason that you are whining about it now ... it is just gambling with your life savings.

So it's not "spin" bonehead. It's reality. You are gambling with your life savings. And now trying to blame Biden for your own shortsightedness, apparently.

But it's guaranteed that you certainly won't be giving Biden any credit when the markets go back up and your retirement fund looks healthy again and is safe. For the moment. That's for certain.

You could bet your life savings on that. And probably retire comfortably in the winnings.

#26 | Posted by donnerboy at 2021-11-27 11:31 AM | Reply

"If they are inside 10 years from retirement they shouldn't be positioned to be hurt much by days like yesterday."

Exactly. Positioned in low risk/low gain.

#27 | Posted by phesterOBoyle at 2021-11-27 11:34 AM | Reply

And in the interest of consistency ... ..NO ...

Or reality...

#28 | Posted by jpw at 2021-11-27 11:38 AM | Reply

"You are gambling with your life savings. And now trying to blame Biden for your own shortsightedness, apparently."

~backhands flap-gums to get his attention..
My finances are in good shape, I've been retired for 20 years and have no regrets or complaints. WHY? Because as a Conservative I know enough to live within my means.
I've never taken a penny out of my 401K which YES is invested via a professional investment company. I still work part time as a tool designer, because I want to and I like it. My 3 bdrm ranch house on 2 acres and 2 nice cars are paid for so with that and SS I can save money.

#29 | Posted by phesterOBoyle at 2021-11-27 11:44 AM | Reply | Funny: 1

My finances are in good shape, I've been retired for 20 years and have no regrets or complaints. WHY? Because as a Conservative I know enough to live within my means.
#29 | Posted by phesterOBoyle

So how come conservative states have to mooch so much money from liberal states?

#30 | Posted by SpeakSoftly at 2021-11-27 02:20 PM | Reply | Newsworthy 2

It will rebound 300 on Monday... the market
alwats does this w bad news...panics...cooler
heads should prevaul on Monday.

#31 | Posted by earthmuse at 2021-11-27 04:29 PM | Reply

awaits...prevail...
damned fat thumbs.

#32 | Posted by earthmuse at 2021-11-27 04:31 PM | Reply

Lol...always...damned auto complete!

#33 | Posted by earthmuse at 2021-11-27 04:32 PM | Reply

My finances are in good shape, I've been retired for 20 years and have no regrets or complaints. WHY? Because as a Conservative I know enough to live within my means.
#29 | Posted by phesterOBoyle

Umm guess I don't see your point. Many liberals live within their means and retire comfortably also. (See me for example)

Which makes one wonder ... if you are comfortable and in good shape in your retirement ... why do you always seem to begrudge us helping others do the same?

Why does it seem like you are so angry all the time like an incel who lives in his mom's basement?

#34 | Posted by donnerboy at 2021-11-28 09:35 AM | Reply

Because as a Conservative, I only care about myself. I got mine -- if you didn't get yours.
#29 | Posted by phesterOBoyle

#35 | Posted by byrdman at 2021-11-28 09:37 AM | Reply

Yeah I got hammered yesterday but overall I'm still up 28% on the year and 40% since the start of COVID so hard to get too worked up. As AU said a dip is a chance to buy, although with the run-up this year a 2% drop doesn't give many great buying oportunities. IMHO we are still way overvalued and could drop 10% more. I've been moving to more conservative and dividend heavy investments over the past couple months expecting just that. Possibly as soon as Jan but maybe as late as May.

Not finacial advise just one mans thoughts.

#36 | Posted by TaoWarrior at 2021-11-28 10:22 AM | Reply

Not begrudging anyone's financial situation but when it comes to investing retirement savings in the stock market it still sounds like gambling to me.

Imagine you are all ready to retire and the stock market takes a huge dump which it inevitably does and suddenly now you can't afford to retire. Sounds like another vicious trap to me. They tried to trick us into signing up for that "401k plan" but I refused. I stuck with the original retirement deal I signed up for. And I am very happy I did. Now I only know the stock market took a dump because of articles or threads like these.

And it seems like an awful lot of work moving that money here and moving money there trying to ride the waves and avoid the troughs.

When I decided to be a public servant I knew I would never get rich. But I knew (if America survived) I would be able to retire comfortably someday.

Now I think I am just going to go down and sit on the beach by the Creek in my hundred acres of woods and wait for my annuity check.

It arrives on the first of the month and I don't have to do anything about it if I don't want to. (Tho I might pan for some gold in that creek because it is mighty good fun and rewarding too! )

Anyway. I have crossed the finish line. Even the Aztecs recognized that when their Warriors crossed the finish line they were done. They didn't have to do anything for the state anymore. They eat for free and could get drunk and walk around town nekked if they wanted to. No more fighting no more getting sacrificed on the blood alter! No more chasing money.

Now I get to do what I want to do with my limited time here on earth. And it's certainly not worrying about money anymore.

#37 | Posted by donnerboy at 2021-11-28 11:02 AM | Reply

Note to Trumpers:
From 2017-2020, all we ever heard from Orange Julius was: the market is up and unemployment is down, these are the only metrics that matter" (excepting most of 2020, of course when they suddenly didn't seem to matter at all). Trump and his spawn kids and their sycophants bleated this mantra every single day.

So, BY THEIR OWN METRIC, the country must be in amazing shape right now.
I certainly don't buy that at all, but those are the metrics the GQP bleated for four years, so either admit they/you were lying then, or are lying now.

#38 | Posted by e1g1 at 2021-11-28 12:01 PM | Reply | Newsworthy 3

#38 | POSTED BY E1G1

Trumpites were taught by Rush Limbaugh: No matter what the opposition does, it's bad. Bad, bad, bad. Even if your side has done it before, and is going to do it again.

#39 | Posted by Zed at 2021-11-28 12:56 PM | Reply

"I've been retired for 20 years and have no regrets or complaints. WHY? Because as a Conservative I know enough to live within my means.
I've never taken a penny out of my 401K"
#29 | POSTED BY PHESTEROBOYLE

Either you're lying or the IRS is going to have a conversation with you.

#40 | Posted by LegallyYourDead at 2021-11-28 02:15 PM | Reply

"I've been retired for 20 years ...I've never taken a penny out of my 401K"

Either you retired before the age of 52, or you've broken the law.

#41 | Posted by Danforth at 2021-11-28 02:29 PM | Reply | Newsworthy 1

^Or you never had a 401k to begin with.

#42 | Posted by Danforth at 2021-11-28 02:30 PM | Reply

#37

Lucky you. If you don't want X'ers and Millenials to hate you more don't brag about your pension. These days you are lucky to land a job with a 401k with match let alone a pension. I have high hopes of being able to retire one day, too many of my friends don't have that hope.

#43 | Posted by TaoWarrior at 2021-11-28 02:59 PM | Reply | Newsworthy 2

Just remember, the greater the pullback, the better buying opportunities - so me, just watching and waiting.

#44 | Posted by MSgt at 2021-11-28 06:54 PM | Reply

One more semester and my son has his 2 bachelors degrees, and upon him getting his 1st professional job, I can start handing him back the 4 student loans of his that I've been paying. So, 1-2 years until I can throw everything at getting the house in order to sell or rent, and I can select my retirement plot of land to build on, and throw everything at my stocks and 401k. Ahead of the game already, and already have 100k more than the average 62 year old getting ready to retire (and I'm only 54). But it never seems like enough. Trying to get out by 62, 65 if I must, but no further than that.

#45 | Posted by earthmuse at 2021-11-28 09:15 PM | Reply

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