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GeneralLee
LSU Fan
Member since Aug 2004
8508 posts

Dow down 700 pts
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 at 1:01 pm


jimbeam
USA Fan
University of LSU
Member since Oct 2011
50261 posts
 Online 

re: Dow down 700 pts
Good thing today isn’t my Bi-Annual “Look at the Dow” day.


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391
LSUneaux
New Orleans Pelicans Fan
NOLA
Member since Mar 2014
2635 posts

re: Dow down 700 pts
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.


LSUcam7
SRB FL
Member since Sep 2016
1387 posts

re: Dow down 700 pts
I dig it.

I’d take a gander at AXP.
This post was edited on 12/4 at 1:12 pm


lynxcat
Rutgers Fan
Member since Jan 2008
19790 posts

re: Dow down 700 pts
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.


LSUneaux
New Orleans Pelicans Fan
NOLA
Member since Mar 2014
2635 posts

re: Dow down 700 pts
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.
This post was edited on 12/4 at 1:23 pm


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castorinho
Oklahoma Fan
13623 posts
Member since Nov 2010
54783 posts

re: Dow down 700 pts
quote:

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.

It's really amazing. I don't get it. It's like a teenage girl.


BARNEYSTINSON
LSU Fan
Member since Oct 2011
501 posts

re: Dow down 700 pts
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.


iAmBatman
USA Fan
The Batcave
Member since Mar 2011
8048 posts

re: Dow down 700 pts
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.


Douglas Quaid
TBD Fan
Mars
Member since Mar 2010
2525 posts

re: Dow down 700 pts
700/25,000 ~ 2.7%

So what.


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37
TD SponsorTD Fan
USA
Member since 2001
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TigersFan64
LSU Fan
Baton Rouge, LA
Member since Oct 2014
4057 posts

re: Dow down 700 pts
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 at 1:56 pm


Azazello
Duke Fan
Chicago
Member since Sep 2011
2538 posts

re: Dow down 700 pts
Great buying opportunities

Some of the bank stocks are a great value right now


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10
Shepherd88
Member since Dec 2013
2330 posts

re: Dow down 700 pts
Yep, everybody is playing in the same sand box now with Algo’s.
This post was edited on 12/4 at 3:14 pm


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KillTheGophers
Texas Fan
Nawtheastlouisiana
Member since Jan 2016
3144 posts

re: Dow down 700 pts
I did some shopping today boys.
This post was edited on 12/4 at 2:55 pm


BARNEYSTINSON
LSU Fan
Member since Oct 2011
501 posts

re: Dow down 700 pts
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.


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23
TejasHorn
Texas Fan
High Plains Driftin'
Member since Mar 2007
6562 posts

re: Dow down 700 pts
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.



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81
LSURussian
LSU Fan
Member since Feb 2005
110105 posts

re: Dow down 700 pts
quote:

I did some shopping today boys.
I did, too, and I'm already in the red....

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.


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31
Thib-a-doe Tiger
LSU Fan
LaTour and in BRgetthenet's head
Member since Nov 2012
27337 posts

re: Dow down 700 pts
Time to panic?


TigersFan64
LSU Fan
Baton Rouge, LA
Member since Oct 2014
4057 posts

re: Dow down 700 pts
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.


Drunken Crawfish
USA Fan
Crushing 'skis at Tobin's house
Member since Apr 2017
1432 posts
 Online 

re: Dow down 700 pts
Eh, it's still higher than it was 5 days ago.


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