My #MAGA hat never arrived.
(https://media.giphy.com/media/c6DIpCp1922KQ/giphy.gif)
@LegalAmerican
But we are fools for being concerned, according to Trump supporters. The economy is doing so well. MAGA!
I am worried, but I â¤ï¸ Your avatar @Applewood
If anybody reading this depends upon a single week for its investments, they should not be investing.
Smart investors instead are looking at what has happened during the past ten years.
Hint: it was below 8600.
The DOW has fallen over 3000 points since the Democrats won control of the House.(https://memegenerator.net/img/instances/80744630/nothing-to-see-here-move-along.jpg)
The lesson: hold. Don't panic. The market usually bounces back up.
The DOW has fallen over 3000 points since the Democrats won control of the House.
The DOW has fallen over 3000 points since the Democrats won control of the House.It still amazes me to see how little notice people have given to this correlation despite how well it has held up for almost 40 years now.
It’s also fallen while Trump was in the White House. So what? Correlation is not causation.The House sets the federal budget.
The House sets the federal budget.
But we are fools for being concerned, according to Trump supporters. The economy is doing so well. MAGA!
Weren't you pleading doom, gloom and poverty when the market was at record highs? You don't make any sense on pretty much anything.
"Mod 5"?
"Mod 8"?
Why does a site as small as this one is, need 8 moderators? ;)
There hasn't been a budget since Obama was elected. Never mind the constitutional requirement for one. Everything has been a "continuing resolution" since then as far as I know. Nobody has paid a political price for this in your face lawlessness. But lawless is the new normal for our government. It is how empires end.Before that. Last budget was in 2006.
Before that. Last budget was in 2006.
"Mod 5"?To keep us all on our toes.
"Mod 8"?
Why does a site as small as this one is, need 8 moderators? ;)
But we are fools for being concerned, according to Trump supporters. The economy is doing so well. MAGA!
Just quti looking at your balance @Applewood . That's what I had to do. I retired in Oct. and poof!
The only value a stock has is what it is the day it is sold. If your the market says your stock is worth $100 and you don't sell it, then it doesn't give you anything. So just because the DOW was 'valued' at 25K, it didn't mean squat unless you sold it.That was all well said. Wish more would read your words.
Stocks are for the long term. Always buy for the long term, and never ever ever ever panic when the market turns. Because you sure as heck weren't breaking out the champagne when it was seriously overvalued.
@corbe (and anyone else)
Ok, I'll bite. What does "ample liquidity" mean? Are the banks just going to take the loot and run?
@Hoodat
@Applewood
It is now Monday, central time 12:18 pm - stock market has dropped over 600 points.
U.S. stocks plunged on Monday in their worst day of Christmas Eve trading ever, as the S&P 500 entered a bear market.[/b]
The Dow Jones Industrial Average dropped by 653 points Monday in volatile trading, falling below 22,000. The Dow sank more than 2 percent, then recovered nearly all of the day's losses, before again falling more than 2 percent. The S&P 500 fell 2.7 percent, slipping into a bear market as it fell 20.06 percent from recent highs. Wall Street traditionally considers a drop of 20 percent or more from recent highs to be a bear market. The Nasdaq Composite Index slid 2.2 percent.
…
Trump resumed his attack on the Fed on Monday, tweeting that the central bank is "the only problem" with the U.S. economy.
"Mod 5"?
"Mod 8"?
Why does a site as small as this one is, need 8 moderators? ;)
@corbe (and anyone else)
Ok, I'll bite. What does "ample liquidity" mean? Are the banks just going to take the loot and run?
Glad I've been pretty much "all cash" for more than a decade.
How does 18,500 sound for an eventual "bottom number" ...?
December is, in fact, on pace to be one of the worst months for the S&P 500 in history, Dan Suzuki of Richard Bernstein Advisors wrote in a note Wednesday. As of market close Monday, the S&P 500 was down nearly 15% for the month of December. Of the 10 other instances that markets have posted a weaker month, seven occurred during the Great Depression, three took places after the Nazi invasion of France, one occurred during the 1987 market crash and the last happened during the depths of the financial crisis.
“If you think that the current fundamental backdrop has the makings of a depression, World War III or a major financial crisis, then perhaps the magnitude of the market sell-off is reasonable,â€
If it fell today to 18,500, it would have more than doubled in the past decade (closed $8,515.55 Dec 26, 2008).
It’s up over 1,000 points :beer:
Said all along that the 'correction' last week, was merely year-end profit taking.
Then...the computer algorithm took over.
The media jumped. They're pulling all the stops to crash this President's administration.
Yep. The market has been seriously overvalued for a few years now.
Well, Wall Street just closed out its best day in history.
Pretty much all momentum-chasing algorithms, but we'll take it.
When it falls it is Trumps fault.
When it rocks no mention at all.
Do you have any knowledge of the history of the stock market? For more than a century, the average time to double your money in the stock was 7 years. The 1930s and the 2000s were rough decades for stock investment.
THE HISTORICAL RATE OF RETURN FOR THE STOCK MARKET SINCE 1900
http://www.stockpickssystem.com/historical-rate-of-return/ (http://www.stockpickssystem.com/historical-rate-of-return/)
This is very bad.why? Did you notice it went up a 1000 today?
yymousebywhy? Did you notice it went up a 1000 today?
Why is a one day drop something to worry you?
It was a lot of drop that worried me and today it’s dropping again, as I stated before either on this thread or another I’m afraid yesterday was a Dead Cat Bounce.
Im worried because I have some of my retirement money tied up in the stock market. I’d like to have a secure nest egg.
That comment was made on Christmas Eve before the 1,000 point rally yesterday. Now it’s down again, I know it’s correcting itself. It’s still kinda worrisome to investors, don’t you think?
Anyway, @IsailedawayfromFR best wishes for a great new year
It was a lot of drop that worried me and today it’s dropping again, as I stated before either on this thread or another I’m afraid yesterday was a Dead Cat Bounce.one day events mean nothing.
Im worried because I have some of my retirement money tied up in the stock market. I’d like to have a secure nest egg.
That comment was made on Christmas Eve before the 1,000 point rally yesterday. Now it’s down again, I know it’s correcting itself. It’s still kinda worrisome to investors, don’t you think?
Anyway, @IsailedawayfromFR best wishes for a great new year
We are not supposed to be concerned because ------- Trump is king and he is making America great again. Or something.you seem to be someone who should stay away from investments altogether and stick to something you understand like perhaps savings accounts, if you are that worried about the 'here to now'
Christmas Eve was not one drop on one day. It was the latest in a series of drops. The gains for the year were lost. We had a big gain yesterday, but as you pointed out, all three markets are down today -- the Dow has lot around 370 points as of this morning.
The gain yesterday was most likely bargain hunters gobbling up energy and retail stocks -- because, as a result of the recent major losses, these stocks were cheap. And word is that retail is doing particularly well largely because of holiday sales, so they are a good buy. But the "clearance sale" yesterday is over and it's back to reality. The same factors that contributed to the recent losses still exist and they are continuing to impact the market in a negative way.
I don't want to hear stats about how high the market is now compared to last year or 2016 or whatever date these bogus comparisons use. I'm concerned about the here and now. And the here and now is not doing well.
It's unfortunate that so many people don't get it. Maybe they aren't invested in stocks. But sooner or later this will negatively impact whatever investments they do have. A major recession is coming and putting one's head in the sand is not going to prevent it.
It was a lot of drop that worried me and today it’s dropping again, as I stated before either on this thread or another I’m afraid yesterday was a Dead Cat Bounce.@Freya Are you still worried since the Dow is up 3,000 points since this post?
Im worried because I have some of my retirement money tied up in the stock market. I’d like to have a secure nest egg.
That comment was made on Christmas Eve before the 1,000 point rally yesterday. Now it’s down again, I know it’s correcting itself. It’s still kinda worrisome to investors, don’t you think?
Anyway, @IsailedawayfromFR best wishes for a great new year
@Freya Are you still worried since the Dow is up 3,000 points since this post?
If you are, now is a good time to selloff and sleep well at night.
This is not a market that needs people who cannot withstand the ups and downs.
@IsailedawayfromFR I’m not touching my stocks they are my retirement, and I trust they will be ok. I realize that might sound weird but I feel they should be secure by then. Thanks for asking, I hope all is ok with you.Couple of items here: