derrickdj1 Posted October 24, 2018 Share Posted October 24, 2018 Who is feeling this way today with another great crash? The last few crashes are due to US policy related to the US policy. Are you willing to take a big hit on current policy? A simple yes or no is all that is need. The crash will set you back 2 or 3 years. Wait, we got a tax cut, I call BS on all the help from the tax cuts. and would gladly give it up. 3 Quote Link to comment Share on other sites More sharing options...
MEH Synergy Posted October 24, 2018 Share Posted October 24, 2018 @Emile? 1 Quote Link to comment Share on other sites More sharing options...
CECAA850 Posted October 25, 2018 Share Posted October 25, 2018 20 minutes ago, derrickdj1 said: Who is feeling this way today with another great crash? The last few crashes are due to US policy related to the US policy. Are you willing to take a big hit on current policy? A simple yes or no is all that is need. The crash will set you back 2 or 3 years. Wait, we got a tax cut, I call BS on all the help from the tax cuts. and would gladly give it up. You every been through a crash before? The stock market is a gamble. There's no guarantee of return. How were you feeling at the beginning of the year when things were soaring? The market was way overdue for a correction. 1 Quote Link to comment Share on other sites More sharing options...
Jeff Matthews Posted October 25, 2018 Share Posted October 25, 2018 When interest rates rise, bond prices fall. Maybe people are leaving stocks and buying into bonds on the cheaper side? Anybody know? Or is it all conjecture? Quote Link to comment Share on other sites More sharing options...
T2K Posted October 25, 2018 Share Posted October 25, 2018 You ever been walking downtown and get crushed by a falling piano? Ever been swimming in the ocean and get bitten by a shark? If so, that's because you didn't see them coming. If there is anyone, and there's many, that doesn't see what's coming in their lifetimes deserve what's coming. And they'll pay, literally. We can't control our lives but we can guide them along if we open our eyes. So no. I'm not worried about the stock market. Not worried at all. Keith 2 Quote Link to comment Share on other sites More sharing options...
richieb Posted October 25, 2018 Share Posted October 25, 2018 18 minutes ago, CECAA850 said: You every been through a crash before? The stock market is a gamble. There's no guarantee of return. How were you feeling at the beginning of the year when things were soaring? The market was way overdue for a correction. === while although a 500 point dip or “correction” (and that’s not near enough to define a correction) a 500 point drop in a market fluctuating between 25000-26000 is not a huge deal in the big picture. Chill — 1 Quote Link to comment Share on other sites More sharing options...
twk123 Posted October 25, 2018 Share Posted October 25, 2018 Because our currency is basically debt to a semi-private bank, there is no real economic growth. The Federal Reserve drops interest rates, floods the economy with money and easy debt for the corporations to leverage and float their stock then the bubble bursts and the cycle repeats itself. The stock market is basically a giant casino where you lose 1-3% of your money every year and you have to gamble just to keep the money you have. 1 2 Quote Link to comment Share on other sites More sharing options...
Zen Traveler Posted October 25, 2018 Share Posted October 25, 2018 14 hours ago, derrickdj1 said: The crash will set you back 2 or 3 years. Wait, we got a tax cut, I call BS on all the help from the tax cuts. and would gladly give it up. Yay, Tax cuts. Quote Link to comment Share on other sites More sharing options...
Peter P. Posted October 25, 2018 Share Posted October 25, 2018 Dollar Cost Averaging, baby! So no; the drop doesn't bother me. 2 Quote Link to comment Share on other sites More sharing options...
JJkizak Posted October 25, 2018 Share Posted October 25, 2018 Computers and AI entering the financial world. Beware. JJK Quote Link to comment Share on other sites More sharing options...
Emile Posted October 25, 2018 Share Posted October 25, 2018 Yeah; the "drop" hurt Actually the last 2 weeks have been bad But, contrary to many opinions above ... investing in the market is not gambling ... it is just smart money management. Or haha, you can buy lottery tickets. Probably a good time to "buy" more stocks Cheers, Emile 3 Quote Link to comment Share on other sites More sharing options...
CECAA850 Posted October 25, 2018 Share Posted October 25, 2018 I just checked, over the last year, it's still up over 6%. 1 1 Quote Link to comment Share on other sites More sharing options...
jimjimbo Posted October 25, 2018 Share Posted October 25, 2018 From 2008 to 2016, the S&P 500 was up 200%. 1 1 Quote Link to comment Share on other sites More sharing options...
RT FAN Posted October 25, 2018 Share Posted October 25, 2018 Right now the DJIA is +300 points. There are many different reasons why the stock market has sold off. A rising interest enviroment, over valuations of the tech sector and FANG stocks, (Facebook, Apple, Netflix, Google), a slowing world economy, the China/US tariff/trade war, political uncertainty of the upcoming elections here in the States, will the Dems take the House and or Senate or both? Brexit, tensions with Russia, well you get the idea. All of this culminates in uncertainty, which is the one thing market participants hate. This adds up to a sell signal for the momentum and high frequency traders to let their algorithms run wild and sell, sell, sell. We are in one of the longest running bull markets in history, those that invested following the housing debacle and the collapse of Lehman Brothers and Bear Stearns have been handsomely rewarded. The press making noise about higher rates seem to have forgotten that we are in an artificially low rate enviroment engineered by the Fed. Having the yield on the 30 year US treasury bond at 3 3/8ths% is not normal. Checked the interest on your savings account lately? 1/4 of a percent doesn't pay very much. Corrections in the stock market like we have been experiencing are to be expected and are good for the market, they put in a new floor of support for the next leg up, if there is one. The one recommendation I would say is that if you have a floating rate mortgage you should lock in a fixed rate one now. Rates like these were last seen during the Eisenhower administration. The trend towards higher rates seems to be in place with the Fed signaling another possible rate hike at the December FOMC meeting and 4 more hikes in 2019. One thing that will have a great impact on all markets is if the US and China can come to some sort of trade agreement, which will help smooth out some of the geo-political tensions between the two countries. Take a look at a chart of the Shanghai exchange if you want to look at what a real correction looks like. As they say "The trend is your friend." 2 Quote Link to comment Share on other sites More sharing options...
Derrick Posted October 25, 2018 Share Posted October 25, 2018 === while although a 500 point dip or “correction” (and that’s not near enough to define a correction) a 500 point drop in a market fluctuating between 25000-26000 is not a huge deal in the big picture. Chill —I have been an investment advisor and financial planner for the last 15 years. Richieb has it right - Chill 1 Quote Link to comment Share on other sites More sharing options...
Coytee Posted October 25, 2018 Share Posted October 25, 2018 A bit off topic....but,... I was at a location earlier this morning (6:30 A.M. and had to drive 60 miles to get there!) Anyway, it was a new hire meeting. Many people won't ask questions at large....they wait for a smaller one on one situation. After the meeting, a young guy came up to me, I think he said he was 27 years old. Long story short, in the conversation, he said his great grandfather owned some gold. (led me to think bars but later said coins). His Great Grandfather left it to his Grandfather who left it to his father. The stipulation through the whole process he said was "you can only touch the money if you and the ENTIRE family need to be bailed out' So he's evidently required to share it with the family. (I'm beginning to yawn here) He went on to say he's got (I don't recall) 520 POUNDS of silver and something like 1,200 POUNDS of GOLD. I just stopped.... I've heard BS before.... my radar is up. He went into other details that could be consistent with that logic. None the less, I repeated it to him saying you have one half of a TON of gold??? and he's nodding his head. Said it took them 3-4 days to move it when he moved. Went on to say he's got 1,000 gold coins (now I'm thinking he's either yanking my leg OR, maybe he meant he's got 1,200 coins verses pounds) Said he's got some gold coins from 'The Territory of California" (or whatever it was called before being a state Now I'm thinking it's possible that someone decades ago could have had $1,000 in gold coins....after all, it was only $1,000 in value! I still don't know what to make of it... don't really care. Hope he's actually got it as it makes a cool story and he'd be sitting in a good spot. I did mention that it could be possible that the IRS or someone might be curious on how a 27 year old got that kind of gold, especially when some of it would have been illegal to own (back in his great grandfathers time) Interesting pickle to be in. He said you could take a sledgehammer to its location and still not find it. (perhaps because it's not there??? or are you really THAT crafty and hid it well?) So there you go..... that was a 20 second read for what goes on in my day from time to time. Back to your regularly scheduled task. 1 Quote Link to comment Share on other sites More sharing options...
Zen Traveler Posted October 25, 2018 Share Posted October 25, 2018 4 hours ago, CECAA850 said: I just checked, over the last year, it's still up over 6%. Sure. I think there is a major correction to come. Regardless when it comes there is a lot of profit-taking going on with these dips.....A very few capitalize on it while others see their savings/net worth go down. 3 hours ago, jimjimbo said: From 2008 to 2016, the S&P 500 was up 200%. Yep. And at the end of 2008 pretty much everyone was panicking, especially folks invested in the stock market. Imagine where the DOW or Nasdaq would be today if Government didn't bail them out. 😲 Quote Link to comment Share on other sites More sharing options...
Coytee Posted October 25, 2018 Share Posted October 25, 2018 18 hours ago, derrickdj1 said: Who is feeling this way today with another great crash? The last few crashes are due to US policy related to the US policy. Are you willing to take a big hit on current policy? A simple yes or no is all that is need. The crash will set you back 2 or 3 years. Wait, we got a tax cut, I call BS on all the help from the tax cuts. and would gladly give it up. Scenario: Presume you either hunt or target practice. Your ammunition costs say, $25/box. You go to store today and your ammo is on sale for $10/box. What might you do? 1 Quote Link to comment Share on other sites More sharing options...
RT FAN Posted October 25, 2018 Share Posted October 25, 2018 Coytee, why would this idiot admit to owning $23 million in gold to a stranger? ($1228 per oz x 16 oz per lb x 1200. As you know any sale of precious metals in excess of $10, 000 must be reported to the IRS for tax purposes. Nice capital gains! 1 Quote Link to comment Share on other sites More sharing options...
babadono Posted October 25, 2018 Share Posted October 25, 2018 5 minutes ago, RT FAN said: this idiot Answered your own question 1 1 Quote Link to comment Share on other sites More sharing options...
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