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re: 2016 off to a bang: Dow down 300 in pre-market

Posted on 1/4/16 at 11:56 am to
Posted by LSU0358
Member since Jan 2005
7918 posts
Posted on 1/4/16 at 11:56 am to
quote:

The big question is whether they will continue paying those dividends?


It's always a possibility that dividends are cut. More likely with BP than Shell I think. Shell hasn't cut dividends since 1945.
Posted by austin2015
Member since Feb 2015
560 posts
Posted on 1/4/16 at 7:51 pm to
Dow closes down triple digits, posts worst opening day in 8 years

quote:


U.S. stocks closed lower Monday, the first day of trade of the year, weighed by renewed concerns of global economic slowdown and increased tensions in the Middle East. An overnight drop in Chinese stocks that triggered a circuit breaker under a new rule also pressured sentiment.

"Anytime a big market stops trading and it spills over to Europe, investors are nervous," said Marc Chaikin, CEO of Chaikin Analytics.
Posted by Lsut81
Member since Jun 2005
80109 posts
Posted on 1/6/16 at 5:57 am to
Dow pre down 250 this morning...


I got too busy and forgot to buy on Monday, looks like I get a reprieve and can put some cash in today.
Posted by Lsut81
Member since Jun 2005
80109 posts
Posted on 1/7/16 at 5:43 am to
Down 340 in pre this morning...

Its like groundhogs day
Posted by TrueTiger
Chicken's most valuable
Member since Sep 2004
67724 posts
Posted on 1/7/16 at 6:17 am to
quote:

Down 340 in pre this morning...



if this malaise sets in all year, it's a goldmine for Trump
Posted by TenTex
Member since Jan 2008
15949 posts
Posted on 1/7/16 at 6:41 am to
China is finally going to crash much worse than what we did a few years back.
They are more corrupt and their housing market is primed to completely crash. Their population has all their money invested in real estate and stocks. The only thing that keeps prolonging this is their government keeps intervening at every financial drop. Our DJA will probably decline to around 12,000 over the next few months, we have our own bubble to deal with. The global oil gut driven by the Saudis is a big wild card for everyone that could cause our DJA to drop more, just depends. China has never experienced this and only knows to throw money and stop the sell off. This will get very ugly once China really starts to freak out when their population riots against the government. We could see the fall of their government over this.

We are fortunate our economy is much stronger now than a few years ago. If this had happen to China when we had our financial crisis everyone would have been toast! Our bailout would have never worked if China had failed.
Posted by LSU0358
Member since Jan 2005
7918 posts
Posted on 1/7/16 at 7:14 am to
A small kick in the balls for me as I'd gone long futures at low yesterday...only lost 12 pts so no financial damage. But the mental pain is stacking up.

Probably close to a bottom now because I'm fed up with trying to go long.
This post was edited on 1/7/16 at 7:15 am
Posted by TIGERBAIT2020
The Red Zone
Member since Aug 2004
802 posts
Posted on 1/7/16 at 7:27 am to
Dollar cost or 'wait & see'. I think the market is headed lower. I think this correction may take some time to play out vs at worst start of a new down-leg.
Posted by Sigma
Fairhope, AL
Member since Dec 2005
3643 posts
Posted on 1/7/16 at 8:30 am to
Provided we all keep our jobs, this slide is a bonanza for retirement saving for us younger folks. Hope it continues for a while.
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