|
|
Joined: Dec 2010
Posts: 2,208
Campfire Regular
|
OP
Campfire Regular
Joined: Dec 2010
Posts: 2,208 |
Over the past 2 days the stock market has tanked, with the Dow losing over 1300 points.
What I find interesting is that so far there hasn't been a peep about it here on the Fire. To me, that level of apathy says more selling is on the way - until the market gets your attention.
Tin foil hat - Market players including liberal Leftist Wall Street types and the Chinese who never have our best interests at heart are working to take the market down so they can scare the one voter they can always count on to panic and vote democrat - suburban housewives.
|
|
|
|
|
Joined: Feb 2011
Posts: 26,389 Likes: 6
Campfire Ranger
|
|
Campfire Ranger
Joined: Feb 2011
Posts: 26,389 Likes: 6 |
|
|
|
|
|
Joined: Mar 2009
Posts: 18,125
Campfire Ranger
|
|
Campfire Ranger
Joined: Mar 2009
Posts: 18,125 |
~Molɔ̀ːn Labé Skýla~
|
|
|
|
|
Joined: Aug 2005
Posts: 26,337
Campfire Ranger
|
|
Campfire Ranger
Joined: Aug 2005
Posts: 26,337 |
no market guru here, but i've thought for sometime the market was running ahead of it's strength. that is, we were outpunting our coverage.
the other thought was that the wallstreet bankers who were demo at heart was going to trigger a debacle before the election.
anyone who thinks that wall street can't have an impact on prices up or down are probably more naieve than me.
|
|
|
|
|
Joined: Jul 2015
Posts: 14,723 Likes: 2
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Jul 2015
Posts: 14,723 Likes: 2 |
I don't think 2 major hurricanes is helping.
Politics is War by Other Means
|
|
|
|
|
Joined: Mar 2009
Posts: 18,125
Campfire Ranger
|
|
Campfire Ranger
Joined: Mar 2009
Posts: 18,125 |
Feds raise rates, market acts stupid. Maybe just a correction. I’m not worried.
~Molɔ̀ːn Labé Skýla~
|
|
|
|
|
Joined: Jan 2001
Posts: 7,481
Campfire Tracker
|
|
Campfire Tracker
Joined: Jan 2001
Posts: 7,481 |
Over the past 2 days the stock market has tanked, with the Dow losing over 1300 points.
What I find interesting is that so far there hasn't been a peep about it here on the Fire. To me, that level of apathy says more selling is on the way - until the market gets your attention.
Tin foil hat - Market players including liberal Leftist Wall Street types and the Chinese who never have our best interests at heart are working to take the market down so they can scare the one voter they can always count on to panic and vote democrat - suburban housewives. What is interesting is the people who start getting excited about a dip in the market are the same ones who are silent when the market climbs from what? 18 000 or 19 000 when Trump took office, to over 26 000.
To anger a conservative, lie to him. To annoy a liberal, tell him the truth.
Promoted to Turdlike status 03/17/12
|
|
|
|
|
Joined: Apr 2011
Posts: 151,807 Likes: 17
Campfire Savant
|
|
Campfire Savant
Joined: Apr 2011
Posts: 151,807 Likes: 17 |
They have been predicting a correction for a while
|
|
|
|
|
Joined: Feb 2014
Posts: 1,781
Campfire Regular
|
|
Campfire Regular
Joined: Feb 2014
Posts: 1,781 |
It's still up over 1% for the year and up from 18,000 when Trump took over.
|
|
|
|
|
Joined: Jan 2009
Posts: 23,319
Campfire Ranger
|
|
Campfire Ranger
Joined: Jan 2009
Posts: 23,319 |
The bond rate dropped from 3.25 to 3.13 today. That is a good sign this is about over, then the buying will start.
"All that the South has ever desired was that the Union, as established by our forefathers, should be preserved, and that the government, as originally organized, should be administered in purity and truth." – Robert E. Lee
|
|
|
|
|
Joined: Feb 2009
Posts: 11,920
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Feb 2009
Posts: 11,920 |
Most things have been factored in but there are a lot of folks that do day/macro trading that make millions of transactions a day.
Not making millions on one trade but parts of a dollar a second.
Then you have the folks that just like to treat the stock market in times like this as:THE SKY IS FALLING!!!
The long view is what one needs if doing the stock market.
|
|
|
|
|
Joined: Aug 2018
Posts: 258
Campfire Member
|
|
Campfire Member
Joined: Aug 2018
Posts: 258 |
Normal market correction that's common in September or October after a protracted bull market.
Sit down and take a deep breath, everything is fine.
|
|
|
|
|
Joined: Mar 2009
Posts: 18,125
Campfire Ranger
|
|
Campfire Ranger
Joined: Mar 2009
Posts: 18,125 |
The bond rate dropped from 3.25 to 3.13 today. That is a good sign this is about over, then the buying will start. When you starting the campfire investment co?
~Molɔ̀ːn Labé Skýla~
|
|
|
|
|
Joined: Jan 2009
Posts: 23,319
Campfire Ranger
|
|
Campfire Ranger
Joined: Jan 2009
Posts: 23,319 |
Computerized programmed trading has alot to do with it.
"All that the South has ever desired was that the Union, as established by our forefathers, should be preserved, and that the government, as originally organized, should be administered in purity and truth." – Robert E. Lee
|
|
|
|
|
Joined: Apr 2017
Posts: 19,741 Likes: 15
Campfire Ranger
|
|
Campfire Ranger
Joined: Apr 2017
Posts: 19,741 Likes: 15 |
There is a whole LOT of things going on plus its October.
Meh, my portfolio is back to where it was at June.
"Maybe we're all happy."
"Go to the sporting goods store. From the files, obtain form 4473. These will contain descriptions of weapons and lists of private ownership."
|
|
|
|
|
Joined: Jul 2009
Posts: 9,264 Likes: 2
Campfire Outfitter
|
|
Campfire Outfitter
Joined: Jul 2009
Posts: 9,264 Likes: 2 |
Its funny how the Borg has even smart folk using terms like “correction” for being ripped off.
Let it crash
|
|
|
|
|
Joined: Feb 2006
Posts: 2,532
Campfire Regular
|
|
Campfire Regular
Joined: Feb 2006
Posts: 2,532 |
A lot of machine selling (computer algorithms) over the past couple of days along with a little panic. We haven't had a major correction in 2yrs. The rise in interest rates just triggered this correction. As for the Chinese, they are selling their assets here in order to help prop up the yuan. The Chinese markets look like [bleep] compared to ours as if somebody flushed that toilet. Their markets are trending downward without any relief in sight. Xi might come to terms with Trump next month since they really don't have game. There should be some good deals out there but be wary.
Just down the road from The City of Lost Souls in the Land of the Blind.
Molɔ̀ːn Labé Skýla
|
|
|
|
|
Joined: Oct 2005
Posts: 79,321 Likes: 2
Campfire Oracle
|
|
Campfire Oracle
Joined: Oct 2005
Posts: 79,321 Likes: 2 |
|
|
|
|
|
Joined: Sep 2011
Posts: 2,655
Campfire Regular
|
|
Campfire Regular
Joined: Sep 2011
Posts: 2,655 |
Have lost all profit from this year in the past 5 business days
|
|
|
|
|
Joined: Mar 2009
Posts: 18,125
Campfire Ranger
|
|
Campfire Ranger
Joined: Mar 2009
Posts: 18,125 |
Have lost all profit from this year in the past 5 business days How’s that look from 2016?
~Molɔ̀ːn Labé Skýla~
|
|
|
|
|
566 members (007FJ, 06hunter59, 10gaugemag, 1234, 10Glocks, 17CalFan, 48 invisible),
2,295
guests, and
1,149
robots. |
|
Key:
Admin,
Global Mod,
Mod
|
|
|
Forums81
Topics1,192,643
Posts18,493,304
Members73,977
| |
Most Online11,491
Jul 7th, 2023
|
|
|
|
