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This is only going to get worse with deteriorating market conditions.
by throwaway_1928 4y ago
This is only going to get worse with deteriorating market conditions.
- andrelaszlo 4y agoAnd better with improving market conditions! I guess that's not your point though?
- throwaway_1928 4y agoYeah my point is we are going into a recession and it is going to get ugly.
- tasuki 4y agoGood for you that you are so sure. Now you can short some stocks and make easy money. Boy is this not financial advice...
- throwaway_1928 4y agoI sure hope I am wrong.
- tyrfing 4y agoAmazon is down 30%, and the sorts of tech companies that will be populating this list are already down anywhere from 50% to 90%. However, the biggest pain to come is private market startups. An easy call to make, simply because you can't directly profit from it, which lets the inefficiency persist. For now.
- slantaclaus 4y agoGood thing people invest in companies when their earnings growth exceeds their market capitalization growth
- schleck8 4y agoDeutsche Bank already made it very clear that according to their analysts there will be a significant recession in the US this or next year
- dan-robertson 4y agoDo they have a track record of successful predictions?
- RhodesianHunter 4y agoThey predicted 13 out of the last 2!
- sys_64738 4y agoI play darts too.
- missedthecue 4y agoGDP already printed negative a few weeks ago.
- o_m 4y agoWhat is ugly? I'm a millennial and this seems to happen every 10 years. Should this be any different?
- throwaway_1928 4y agoWe only need to go back a couple of years to mid 2020 when every company was laying people off. Layoffs.fyi was tracking multiple new rounds every day. I fear what is coming is going to be that or worse.
- anthomtb 4y agoWhat are you doing to prepare?
- throwaway_1928 4y agoI wish I had a good answer for you.
- mupuff1234 4y agoHave enough cash to keep you afloat for at least 6+ months of unemployment. If that's not currently the situation try to cut back expenses where you can to reach that state (to a reason), and imo even on the expense of 401k contributions (but please remember to start again once you have enough cash).
- RhodesianHunter 4y agoYou can borrow from your own 401k. No reason to limit contributions.
- mupuff1234 4y agoGood point!
- ejb999 4y ago