Maybe this explains the Air Cooled Porsche bubble.
If I'm going to lose some money, I might as well drive a porsche philosophy?
Maybe this explains the Air Cooled Porsche bubble.
If I'm going to lose some money, I might as well drive a porsche philosophy?
Market leadership (the number of stocks advancing) has been narrowing for months now. The buyback trick is a real thing - and companies are borrowing to do it (facepalm). On an EPS basis shares have been terribly overpriced for some time. I swapped out of stocks at 16,300 and second-guessed myself for a while but decided to live with it. There was no rational reason in the universe for a 16,000, let alone an 18,000 point Dow. ZIRP distorted the heck out of financial markets - running up stocks as the only place to have a chance of making any money - and beat the berk out of savers, risk-averse investors and retirees. It also delayed the day when governments have to stop borrowing to pay for spending more than they get in tax revenues. [talking primarily economics here, not politics] Unfortunately for everyone ZIRP didn't result in a healthy economic recovery from the events of 2008 and now rates are no longer in the toolkit for the next cyclical downturn. What happens over the next 6-36 months is by no means certain but the most likely scenarios range from not-that-great to truly E36M3ty. Regardless, our long-term prospects remain brighter than near term if we make the right policy choices. Pray that wisdom prevails.
There will come a time in the not to distant future when a bar of gold won't by a loaf of bread.
I'm buying bullets....
The market has dropped about 10% from it's high with me personally down less. A stock/mutual fund portfolio that is diversified should not have dropped any more then that this week. I can't see why anyone would panic. If you have invested over the long haul you would have seen this happen already 3-4 times. A correction is an opportunity for anyone with some cash!
bentwrench wrote: There will come a time in the not to distant future when a bar of gold won't by a loaf of bread. I'm buying bullets....
Why should a bar of gold buy anything. It's a worthless metal unless you want corrosion less connections.
jimbbski wrote: The market has dropped about 10% from it's high with me personally down less. A stock/mutual fund portfolio that is diversified should not have dropped any more then that this week. I can't see why anyone would panic. If you have invested over the long haul you would have seen this happen already 3-4 times. A correction is an opportunity for anyone with some cash!
that's how I went about my investing … '08, while it "hurt" didn't really, because I came out stronger than I might have been had the crash not happened … but now when I'm living off the returns, the money market side is hard to swallow …(1% return)
my broker and I have a "plan" for when I get scared enough to want out … every time it gets close … like a few weeks ago, and like this past week … I sweat for a bit … and so far have held off dropping out .. and the market has come back … though I'm down nearly 5% since April … pretty soon I'm going to have to pull the trigger … would love to see one more good run up before I have to
^^^ me too
spitfirebill wrote:Enyar wrote: Meh.....unless you're retiring tomorrow its not a huge deal. Time to buy!How's about 3-5 years?
Well if that's the case hopefully you don't have a significant amount of $ in stocks, but even then it'll bounce back.
wbjones wrote:Enyar wrote: Meh.....unless you're retiring tomorrow its not a huge deal. Time to buy!or unless you're already retired and living off the past yrs gainsmy retirement account has dropped ~4.7% since the end of April
That's a bummer,but maybe rebalance your portfolio so you aren't so heavily invested in volatile stocks?
Watched the opening today, looked like a bungee jump. Down 1000 points! Has that ever happened before?
Lets hope the cat can bounce cause the market needs to calm down a bit so the big guys can take their money out while telling the retail investors not to panic.
It's been a long time coming. Looks like it's bounced back to "only" a 2% loss so far... but we're only an hour into the session as I type this. Definitely a day to avoid the news...
Actually bouncing quite nicely. I forecast it will end up in the green by 4 pm. Pump and dump is the new game in town. It is a good way to make money, but not good for the retail investor.
Having bailed many years ago from the stock market, makes it fun to watch.
really??
Not one mention of the issues in China - 2 market adjustments, and still a market in free fall.....
I've got 10 ish years till retirement... maybe by then.........
Remember when they were all hot and bothered about Greece? Ha.
Dunno... now back down over 500 pts... it'll be doing this all day. Somehow doubt it'll end in the green, though.
bounce bounce bounce.... ughh.. This gets annoying when a good deal of my pay comes in RSU's.
In reply to 1988RedT2:
dead cat bounce in my mind is any bounce that doesnt clear the %50 mark of the loss its bouncing from.
In reply to NOHOME:
don't forget the quantitave easing that had been going on for years propping these up with taxpayer money in your scenario. Where the government was paying them the feed money both directly and indirectly.
from the -1000 drop, its already been back up to -150 on the day
madmallard wrote: In reply to 1988RedT2: dead cat bounce in my mind is any bounce that doesnt clear the %50 mark of the loss its bouncing from. In reply to NOHOME: don't forget the quantitave easing that had been going on for years propping these up with taxpayer money in your scenario. Where the government was paying them the feed money both directly and indirectly.
The whole thing stinks to high hell.
Lets see, a whole lot of people who did not know how to manage their money got scammed by a whole lot of crooks on wall street back.
So instead of burying Wall Street under a cement sarcophagus like they did with Chernobyl, the Fed decided that they were going to take all the income that the responsible people made in the form of interest and give that money to the irresponsible idiots who still don't know how to manage money. Of course it will all end up in the hands of Wall Street again because they forgot to put all of them in jail.
But wait, cause it gets more interesting. Remember those responsible guys who got berkeleyed over by having interest abolished, well the great news is that if they went over to the stock market, they did pretty good for 5 years. If they died in that time, then great, they won. If they did not, then there is a good chance they will get wiped out in this crash. And this time, there is no more pools of money to drive into the market like the next lamb to slaughter. With interest at zero already there are no more bullets to fire at the sinking economy.
well, the mechanisms that are supposed to operate in this market weren't allowed to happen multiple times during this administration, and in the twilight of the last administration.
but the sad fact is, we are a debt based currency, and drawing debt is how our economy moves. but the debt levels (both privately held, and government spending held)must go up AND down, they can't just go up forever and not expect disaster.
...and now we're down 600...
Gonna be a fun few days...
some money is being made today~
All I know is that my Telsa stock is down SIXTY points in less than two weeks.
I mean, I'm anticipating it recovering and then some when the Model X drops, but damn!
SnowMongoose wrote: All I know is that my Telsa stock is down SIXTY points in less than two weeks. I mean, I'm anticipating it recovering and then some when the Model X drops, but damn!
Oh, we're measuring this in automotive terms.
OK, the first new car I ever bought was a 1986 Mazda B2000…I could buy one for every day of the week at its original sale price with what I’ve lost today alone.
You'll need to log in to post.
