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Originally Posted by LuvMyE92
LOL, so true.
I was talking with a coworker about this yesterday, and he said that we are headed for, or are already in a recession. I know a lot of people say that.
My reply was that no, we are not. We have some inflation, no argument there (although you can argue about the causes, plural) but I think the economy is still strong, hiring is still strong, and it's really just a shortage of some things and the ridiculous increase in oil & gas that are making people hurt.
Most of us here, BMW owners, are probably doing OK. But I really feel for the folks who live paycheck to paycheck, and can't handle a 50% increase in their rent or a doubling of their gas bill, on top of food prices and all that. Of course, those folks, typically, are not big stock market investors.
I do not know when the market will hit bottom. We keep going through support levels. All I know is that I keep on buying until I run out of cash, which is going to happen soon at this rate if I keep buying the dips.
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The physical economy is strong. People are employed, earning money and buying goods and services.
The stock market is not the economy.