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Message
Dow down 700 pts
Posted on 12/4/18 at 12:51 pm
Posted on 12/4/18 at 12:51 pm
No biggie for me as i'm not retiring for a long time, but sorry for those with shorter horizons.
This post was edited on 12/4/18 at 1:01 pm
12
Posted on 12/4/18 at 12:51 pm to GeneralLee
Good thing today isn’t my Bi-Annual “Look at the Dow” day.
Posted on 12/4/18 at 1:06 pm to GeneralLee
I'm thinking about buying into these slaughtered bank stocks. Ridiculous to be selling this much. The more vertical the spike, the better chance it will spring back soon.
Posted on 12/4/18 at 1:09 pm to LSUneaux
I dig it.
I’d take a gander at AXP.
I’d take a gander at AXP.
This post was edited on 12/4/18 at 1:12 pm
Posted on 12/4/18 at 1:13 pm to LSUcam7
The volatility in the market indexes is so dumb lately. These swings in prices shouldn't be happening on such a regular basis 2-3% moves in the total US market in a day should not become any sort of 'norm' and it's happened multiple times in the last couple months.
Also, the Dow is irrelevant and I wish it would stop being referenced. Just use the S&P500.
Also, the Dow is irrelevant and I wish it would stop being referenced. Just use the S&P500.
Posted on 12/4/18 at 1:19 pm to LSUcam7
Yeah AXP is pretty low risk long term so if you go under on a short term trade, you can sleep well knowing it'll bounce back eventually.
I'm getting into BAC now with a small position.
Edit: Just jumped into BAC at $27.00. If it continues to sink, I'll put a few more dollars into it.
I'm getting into BAC now with a small position.
Edit: Just jumped into BAC at $27.00. If it continues to sink, I'll put a few more dollars into it.
This post was edited on 12/4/18 at 1:23 pm
Posted on 12/4/18 at 1:27 pm to lynxcat
quote:It's really amazing. I don't get it. It's like a teenage girl.
The volatility in the market indexes is so dumb lately. These swings in prices shouldn't be happening on such a regular basis 2-3% moves in the total US market in a day should not become any sort of 'norm' and it's happened multiple times in the last couple months.
Posted on 12/4/18 at 1:36 pm to castorinho
Well, get used to it. The new norm will continue with high frequency trading and algorithms setting off orders on both sides. The market swings will continue this way as human element has been removed from the market. Leveled off selling and buying is a thing of the past- for better or worse.
Posted on 12/4/18 at 1:43 pm to BARNEYSTINSON
quote:
The new norm will continue with high frequency trading and algorithms setting off orders on both sides.
That has been the norm for several years so why is it just now effecting the market in this way? It almost sounds like you're just making something up in order to fit a narrative.
Posted on 12/4/18 at 1:46 pm to GeneralLee
700/25,000 ~ 2.7%
So what.
So what.
Posted on 12/4/18 at 1:55 pm to GeneralLee
Attention: Inverted yield curve. Apparently, a lot of people think a recession is just around the corner, some people think in 2020 or even late next year. The current trade war with China is also not helping, spooking the markets.
This post was edited on 12/4/18 at 1:56 pm
Posted on 12/4/18 at 2:13 pm to GeneralLee
Great buying opportunities 
Some of the bank stocks are a great value right now
Some of the bank stocks are a great value right now
Posted on 12/4/18 at 2:35 pm to BARNEYSTINSON
Yep, everybody is playing in the same sand box now with Algo’s.
This post was edited on 12/4/18 at 3:14 pm
Posted on 12/4/18 at 2:54 pm to GeneralLee
I did some shopping today boys.
This post was edited on 12/4/18 at 2:55 pm
Posted on 12/4/18 at 3:02 pm to iAmBatman
Ok, whatever you say. The human element of the market is more and more being replaced by electronic trading. Therefore you now see more volatility to both the up and downs based off of algorithms. And yes, the electronic side has been around for years, but just like the cell phone was around for years; it wasn’t always readily available to all.
Posted on 12/4/18 at 3:11 pm to GeneralLee
OK to discount these daily extremes, but a 4% haircut in one day for the nasdaq is pretty notable.
2018 will probably finish worse for the DOW/S&P/Nasdaq than where it started. Not good.
2018 will probably finish worse for the DOW/S&P/Nasdaq than where it started. Not good.
Posted on 12/4/18 at 3:11 pm to KillTheGophers
quote:I did, too, and I'm already in the red....
I did some shopping today boys.
I thought when JPM went down $2.50/share it was a good buy.
Little did I know it was going to go down ANOTHER $2.50.
Posted on 12/4/18 at 3:15 pm to GeneralLee
Time to panic?
Posted on 12/4/18 at 3:25 pm to Thib-a-doe Tiger
Unfortunately, I think it may be time to panic. Signs are looking more and more like a HUGE selloff is coming over the next six months. I think the bull market that we've been in for quite a few years is about over. I hope I'm wrong.
Posted on 12/4/18 at 3:28 pm to GeneralLee
Eh, it's still higher than it was 5 days ago.
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