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Started By
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re: DJ down 550 today and over 1000 on the week, is it starting?
Posted on 2/2/18 at 3:05 pm to fatboydave
Posted on 2/2/18 at 3:05 pm to fatboydave
Down 2.17% today. Actually had a stock in the green, EMN.
0
Posted on 2/2/18 at 3:11 pm to GREENHEAD22
quote:Sorry, I couldn't reach my keyboard from where I was standing on the ledge outside my window...
Surprised there hasnt been a thread on this
DJ closed down, 665.75 (-2.54%) and the S&P closed down 59.85, or -2.12%.
We're all the way back to 3 weeks ago in the market.....
quote:Keep in mind this board has predicted 26 out of the last 3 market corrections...
Is this the start to the correction?
Posted on 2/2/18 at 3:17 pm to EA6B
quote:OMG! More people working, getting paid more and the economy is strong!?!
Today's decline was caused be the jobs report, low un-employment and a strong economy mean higher interest rates.
Posted on 2/2/18 at 3:40 pm to Shepherd88
quote:
Oh boy, this is what makes DIY investors fun to watch...
This.
Index funds won't help you if you actively trade them.
Posted on 2/2/18 at 3:41 pm to LSURussian
Increase in wages means inflation, which means rate hikes sooner than expected.
Posted on 2/2/18 at 3:55 pm to leoj
quote:Not necessarily. Real wage growth has been virtually non-existent for almost a decade.
Increase in wages means inflation
A good case can be made any wage growth now is just catching up.
quote:The Fed's Open Market Committee met just two days ago and left rates unchanged. I rest my case....
which means rate hikes sooner than expected.
This post was edited on 2/2/18 at 3:57 pm
Posted on 2/2/18 at 4:08 pm to LSURussian
Posted on 2/2/18 at 4:31 pm to leoj
I know where you got it. I've been hearing that crap repeated all day long on CNBC. The talking heads HAVE to come up with a reason the market moves no matter how stupid the reason is.
If there was a worry about an uptick in inflation the FOMC would have raised rates on Wednesday. Instead their statement said they WANT to see some signs of inflation before raising rates again.
If there was a worry about an uptick in inflation the FOMC would have raised rates on Wednesday. Instead their statement said they WANT to see some signs of inflation before raising rates again.
This post was edited on 2/2/18 at 4:33 pm
Posted on 2/2/18 at 4:39 pm to GREENHEAD22
quote:Wattttttttt
I am pulling my roth and an old 401k to holding accounts.
Posted on 2/2/18 at 4:42 pm to LSURussian
quote:
Keep in mind this board has predicted 26 out of the last 3 market corrections.
If we have another week like this past one we will see those guys show up back here talking about how we need to be investing only in gold and silver and getting our shelter ready with buckets of the MRE type foods.
Posted on 2/2/18 at 4:50 pm to notiger1997
quote:
If we have another week like this past one we will see those guys show up back here talking about how we need to be investing only in gold and silver and getting our shelter ready with buckets of the MRE type foods.
And we'll see the usual suspects posting telling us any fool could have seen this market pull back and if we were smart we would have sold all of our stocks last week like they did.
Posted on 2/2/18 at 4:51 pm to LSURussian
Understood. I guess I took it to mean that the salary gains were higher and sooner than expected, so even though we all know more rate hikes are coming, they could come sooner than we thought just a day ago?
Posted on 2/2/18 at 4:54 pm to leoj
quote:So, you think the FOMC didn't already have that salary data on Tuesday and Wednesday when they met?
I guess I took it to mean that the salary gains were higher and sooner than expected
Posted on 2/2/18 at 5:39 pm to leoj
Leoj.. you’re not totally off base. By a fundamental measure the economy is very strong and the momentum behind the numbers will probably force the Fed to be more aggressive on rates... or at least confirm the rate hikes.
Mid-2016, market priced in two hikes. Now market pricing in three hikes. Very possible we see four hikes in 2018.
But the Fed is only raising interest rates because the underlying economy is very strong. Keep in mind that companies will not be derailed because of a Fed Funds rate going from 1.5% to 2.25% or so. Yes, it becomes more expensive to trasact particular areas of the financial markets, but we are not in a “tight” monetary environment.
Stocks, particularly, quality stocks will rebound from this level. Bonds, well most bonds probably won’t.
Mid-2016, market priced in two hikes. Now market pricing in three hikes. Very possible we see four hikes in 2018.
But the Fed is only raising interest rates because the underlying economy is very strong. Keep in mind that companies will not be derailed because of a Fed Funds rate going from 1.5% to 2.25% or so. Yes, it becomes more expensive to trasact particular areas of the financial markets, but we are not in a “tight” monetary environment.
Stocks, particularly, quality stocks will rebound from this level. Bonds, well most bonds probably won’t.
Posted on 2/2/18 at 6:20 pm to GREENHEAD22
Good still have 30 plus years to go. Still gonna keep dumping in.
Posted on 2/2/18 at 6:26 pm to LSUcam7
Thanks for the information. After Russians comments I’m going to see if I can read up more from a source better than cnn as well.
Posted on 2/2/18 at 7:06 pm to GREENHEAD22
You're what, 30ish? Meaning you have another 30 years or so (since you're investing in a Roth and 401k).
Pick an allocation you're comfortable with and stick with it. Maybe this just means you need to hold more bonds to reduce volatility.
Do not try and time the market.
Pick an allocation you're comfortable with and stick with it. Maybe this just means you need to hold more bonds to reduce volatility.
Do not try and time the market.
Posted on 2/2/18 at 7:13 pm to LSURussian
What was the name of that old goldbug who you used to wage war with all the time?
Posted on 2/2/18 at 7:29 pm to RedStickBR
Rivers?
Posted on 2/2/18 at 7:36 pm to bogart
quote:Do what?
I wonder if it has to do with the fact many are realizing today how corrupt our politicians are.
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