[supafamous]

Originally Posted by xxxrsxxx

Yeah, I'm getting slaughtered on the market these 2 days, but who isn't!
Dilemma is whether to pull out now take the loss. Or ride it out with further dips and hope for the best that it recovers.

I'm pretty sure that ship has sailed (though 100% tariffs could happen!). Diamond hands from this point on. I did some rebalancing in Dec/Jan and did a quick one a few weeks back (I got out of Costco just before earnings - made a very tidy profit, bought a lot of bonds/cash) but from this point on it's ride or die (Maybe I'll buy more dollar store stock - my Dollarama bet is paying off nicely and unemployment is gonna head up)

Don't say the Onion didn't warn us:

https://theonion.com/trump-says-rece...to-depression/

WASHINGTON—Warning that Americans should brace themselves for an economic “period of transition,” President Donald Trump told reporters Monday that a recession would be an unfortunate but necessary step on the way to all-out depression. “Look, what we’re doing is very big and will cause some pain, but that pain is necessary to cause total economic collapse,” Trump said during a press conference, adding that while his decision to implement billions of dollars in tariffs on foreign imports and fire 20,000 federal workers could cause a temporary disturbance, Americans would ultimately emerge much, much worse for it. “Things might be bad for a little while, but we’re okay with that, because we know that in the end these policies will drive markets into a deadly tailspin and push the economy to a point of no return. Trust me. Some hardship now will only make your bank accounts more empty in the long run. If everything goes right, none of you will be able to afford food, housing, or retirement ever again.” At press time, many of Trump’s most vocal defenders stressed that they trusted the president to usher in the greatest depression the nation had ever seen.