Thread regarding General Motors layoffs

Round 4.0. Yeah you knew it was coming. Stocks, 401ks. How's it going?

Round 3.0, which references round 2.0, and 1.0, the initial warning steaming back from 2020 - who choose not to listen. Feb 2020, told the spouse to stock up on TP, something horrible is coming in the charts...
https://www.thelayoff.com/t/1fbND8AP

Did anyone follow the advice? Of course no one did. Some only play at stocks and claim to be experts, while some eat, live, and breathe stocks. So, how is your 401k doing today? I don't need an answer, it's down a fantastic amount - I don't need your response. I'm here to rub it into your faces. Time is a great equalizer, and it humbles many. Have you woken up yet? Have you been humbled yet, or do you need more humbling? Do you want to know how much further your 401k is going to fall? It's not my retirement in the least.

Earned 10% in income today in the market, up 30% on the month. "If you can't sees it, then you can't seize upon it". Doubling my portfolio value is nothing. Free money is wonderful.

Now, that we enough people that have bled out. Do we actually have anyone interested in learning where this market is going? Do we have people that STILL want to ridicule me after 4 rounds of WANTING to help others? It's only your retirement. I care not about your financials, I earn my money easily without you. Help is available if asked. Some people are actual benevolent. It's not like I haven't warned for two years, that today was coming.

Pride, before the fall. Do you wish your 401ks to fall further? Or would you like to discuss alternatives? Time is the great equalizer. It humbles most of everyone.

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| 1601 views | | 6 replies (last May 20, 2022) | Reply
Post ID: @OP+1gHZm6Vx

6 replies (most recent on top)

Great movie, especially the first. He made bank.

Unfortunately for most people, they did not as their investments and 401ks continue to bleed out. Worst place to possibly be financially. Average down, buy the dip, or is it really....the falling kn--e that will decline further? They've conditioned the world to always by the dip.

Inquiring minds want to know.

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Post ID: @8beb+1gHZm6Vx

What do you think is a better equalizer....time? Or Denzel Washington?

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Post ID: @8eov+1gHZm6Vx

More down. Then potential short term dead cat bounce, then the real decline begins.

This decline was only the stealth part. Next comes the acceleration part. If you didn't feel the first decline, you won't miss the second. Bad time to retire, at a time when you might need that money. 401ks = poof.

DYODD.

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Post ID: @6mig+1gHZm6Vx

Dude was right all along. Where we go next you think?

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Post ID: @3asr+1gHZm6Vx

Jan 2022 GM stock price: 67.XX. Darn typos.

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Post ID: @aco+1gHZm6Vx

March 2020 GM stock price: $14.XX
Jan 2020 GM stock price: 67.XX
Now: GM stock price: 37.XX

Pretty darn good documenting the rise and fall. What if I told you, how we knew that we were going fantastically higher was the same reason we believe we are going lower?

The gap at March 2020 still exists. They will push lower and bypass them. 401ks, are going to go pop, as you rode the coaster up, and then back down. And then further down. Everything you've earned, and not captured, will evaporate.

Again. Time. The great equalizer, humbles most everyone.

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Post ID: @mfh+1gHZm6Vx

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