A bit more on our little discussion about the GFC (2007-2009). If I remember, it actually "felt" longer and in many ways it was. I think it took around five years or so to even get back to the pre-event market levels. The employment level took even longer. I had a close friend that sold out of his investment portfolio during that time. He never invested another dollar in the market after that event. He just could not do it. There were a lot of investing scars after that event.
On to our happy place, which happens to be basking in the sun of the continued market gains. A nice start to the day. We continue to roll the right direction....up the hill.
I had to look out of curiosity. It appears this is day #27 of the government shutdown. We may be on track to beat the record at this point. I think the longest was 35. To be clear, I'm not making light of it for those that are dealing with it.
W, yes I’ve read a lot and watched plenty of videos on how it all went down. I was more curious to know if there was any mainstream news floating around beforehand/leading up to the big hit, or if it mostly was a surprise black Monday type event because…. I’m my small area of south Louisiana, I don’t feel there were people buying houses that couldn’t afford them to be in our faces. In other words, in day to day life there was nothing to physically see examples of. I think here we would have only got a visual from news headlines if there were any, which it seems there was from this thread. This was likely due to the fact that there was still massive amounts of hurricane Katrina recovery money pouring into my local area. Most people in my area became house rich during that time frame from Katrina stimulus and insurance payouts during that time.
Blake....no it was not a sudden BLACK MONDAY event....it happened and escalated over many months. BUT....from about March of 2008 till about October of 2008......we were in an EXTREME situation.....with a really significant possibility of a world wide COLLAPSE like never seen before. One wrong move by the FED or our government...and we would have gone down.....along with the rest of the world. I am sure as SMOKIE noted....that there were and are many investors that never recovered from the TRAUMA of it all and the post traumatic shock of it all.
I bet a lot of us...."little people"...tend to do a lot of the same things as Buffet. You will not see many CELEBRITIES do many of these things. Ten Things That Warren Buffet Does Differently https://www.realclearmarkets.com/ar...t_warren_buffet_does_differently_1142994.html
A real BOOM going on today. I am hanging on for dear life on my little surf board....RIDING THE BIG WAVE. I am up over six figures today with a couple of hours to go......and.....of course.....COST and HD are RED. LOL....fine with me...I still value them in my portfolio.
HERE is the markets today. S&P 500 rallies 1%, on pace for first close above 6,800 ever on potential China trade truce https://www.cnbc.com/2025/10/26/stock-market-today-live-updates.html
You know....random things happen..... in investing and sometimes for the good. Back in the era of the 2007/2008/2009 disaster...I was posting on a Money Board that no longer exists. There was one poster that was kind of a crazy guy.....a real fanatic/conspiracy nut-case. BUT....on the banking issue he turned out to be right. He would post every day all day long about the coming collapse of the banks. All sorts of articles and material. We all gave him a hard time....but I started to read a lot of his stuff and it drove me to look into it. Even though he was a NUT....he was right on that one issue and thanks to him....I had more awareness of it than many people. UNFORTUNATELY....when it was over...he could never let go of it.....and....he never was willing to invest because he was still waiting for the collapse to happen.
I guess we will soon have more CLARITY on the next FED chair. Bessent lists five finalists for Fed chair job, and Trump says decision coming before the end of the year https://www.cnbc.com/2025/10/27/bes...cision-coming-before-the-end-of-the-year.html
I guess it is obvious that I am back from my wife's Dr appointment. She does not need a hip replacement. She will go in on Wednesday for an injection for hip bursitis.
