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Dow futures down 500pts

Posted on 5/9/22 at 5:46 am
Posted by Lsut81
Member since Jun 2005
80142 posts
Posted on 5/9/22 at 5:46 am
Guess we didn’t get it out of our system end of last week.

Time to buy on the way down.
This post was edited on 5/9/22 at 5:58 am
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30566 posts
Posted on 5/9/22 at 6:10 am to
Long way down to go
Posted by JimMorrison
The Peninsula
Member since May 2012
20747 posts
Posted on 5/9/22 at 6:13 am to
quote:

Time to buy on the way down.


Not a good time to buy. I'll wait until the market stabilizes.
Posted by Lsut81
Member since Jun 2005
80142 posts
Posted on 5/9/22 at 6:15 am to
quote:

Long way down to go


Agree, but don’t know if this is the start of it just yet. Been fooled before, so not throwing too much in on the way down just yet.
Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 5/9/22 at 6:18 am to
This does not look good
Hopefully the red wave at midterms corrects this
Posted by Hoyt
Alabama: The Beautiful
Member since Aug 2011
5394 posts
Posted on 5/9/22 at 6:27 am to
Banks banks banks ...
Posted by FLObserver
Jacksonville
Member since Nov 2005
14450 posts
Posted on 5/9/22 at 6:29 am to
Its took about 2 years to go from the Covid 2020 lows to the end of 2021 to reach the highs. Looking like the crash from those highs to past the 2020 lows may only take months. If this continues Nasdaq could be back to 8k area and Dow back to mid 20k's by end of year.

Utilities, Medical, Energy and defense stocks seem to be the safe havens for now.

A year ago we thought Covid was the only issue and that seems to be the only thing that has cleared up
This post was edited on 5/9/22 at 6:33 am
Posted by TigerDeBaiter
Member since Dec 2010
10262 posts
Posted on 5/9/22 at 6:29 am to
Get used to it. This is probably 3rd inning of the bloodbath we’re about to see
Posted by Lsut81
Member since Jun 2005
80142 posts
Posted on 5/9/22 at 6:39 am to
quote:

Get used to it. This is probably 3rd inning of the bloodbath we’re about to see


The question is if this is the real downturn or just a blip.

Posted by Jjdoc
Cali
Member since Mar 2016
53465 posts
Posted on 5/9/22 at 7:04 am to
6 straight weeks of the market being red.


Posted by SlidellCajun
Slidell la
Member since May 2019
10398 posts
Posted on 5/9/22 at 7:09 am to
Not buying just yet

Seeing days like this coming off of what we had last week just tells me that we’re in for more downside and volatility along the way.

The market is hinged to 2 big components: earnings and interest rates. A lot of questions still exist for these 2 areas.
Interest rates are a big concern as boomers realize that they can get safer returns while cutting back on spending. That can have a multiplier effect on earnings and the market as they drawdown on equities.

It’s looking more and more to me like we’re heading for a recession too. The question I have is how bad of a recession?
This post was edited on 5/9/22 at 7:34 am
Posted by slackster
Houston
Member since Mar 2009
84853 posts
Posted on 5/9/22 at 7:11 am to
I’m enjoying the negativity, particularly the “this is just the beginning” without any context or reasoning.
Posted by Jjdoc
Cali
Member since Mar 2016
53465 posts
Posted on 5/9/22 at 7:44 am to
quote:

I’m enjoying the negativity, particularly the “this is just the beginning” without any context or reasoning.



I remember you saying that everything was baked into the announcement...


Remember?



The truth is that nobody wants to see the market bleed like it has been. It's opportunity, but nobody wants to see their portfolio crash like IT IS. Acknowledging it isn't a bad thing. It's simply stating facts.

In fact, stating facts is not a bad thing. They are just details. Here is one for you. WE ARE IN A RECESSION AND BEAR MARKET.


Posted by I Bleed Garnet
Cullman, AL
Member since Jul 2011
54846 posts
Posted on 5/9/22 at 7:46 am to
quote:

WE ARE IN A RECESSION AND BEAR MARKET.

But hey, no mean tweets!
Posted by SlidellCajun
Slidell la
Member since May 2019
10398 posts
Posted on 5/9/22 at 7:51 am to
quote:

WE ARE IN A RECESSION AND BEAR MARKET.



Actually we aren’t in a generally defined recession. Not sure if the exact number of quarters but we’d need to see several quarters of declining gdp and we haven’t seen that.

Bear markets are defined as 20% or more declines from highs. Nasdaq meets that standard
This post was edited on 5/9/22 at 10:54 am
Posted by bod312
Member since Jul 2015
846 posts
Posted on 5/9/22 at 7:59 am to
quote:

WE ARE IN A RECESSION AND BEAR MARKET.


Except we aren't by the generally recognized definitions. We may end up there but we are not...YET.

quote:

In fact, stating facts is not a bad thing.


I think the issue is that people aren't stating facts. They are presenting their opinions without any context or support. How do all these posters know this is merely the beginning? How do you know what is and is not already factored into the current market pricing? Did all these posters call the bottom in March 2020? Did they call the bottom in December 2018? Did they call the bottom in early 2009?

You claim you are stating fact when in reality you specifically said we are in a recession and a bear market which by the most commonly agreed upon definitions we are not (yet).

My main point would be what constructive discourse has any of the posters in this thread provided yet?
Posted by nugget
Mostly Peaceful Poster
Member since Dec 2009
13814 posts
Posted on 5/9/22 at 7:59 am to
quote:

Not sure if the exact number of quarters but we’d need to see several quarters of declining gdp and we haven’t seen that.


2, I believe, and we are most likely in the middle of the second.
Posted by alpinetiger
Salt Lake City
Member since Apr 2017
5864 posts
Posted on 5/9/22 at 8:25 am to
quote:

Long way down to go

I fell into a burning ring of fire
I went down, down, down
And the flames went higher
And it burns, burns, burns
The ring of fire
The ring of fire

Market cycles are an inevitability, you just can't set your watch to them. I'm long and short, but never neutral. If you can stand the stress and nausea, you can make more returns in market corrections than any other part of the cycle.
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11096 posts
Posted on 5/9/22 at 8:29 am to
It took 10 years to regain ATHs after Stagflation and it took almost 20 after the Tech boom.

The buy every dip strategy will 100% blow your account up in the long run.
Posted by slackster
Houston
Member since Mar 2009
84853 posts
Posted on 5/9/22 at 8:34 am to
quote:

The buy every dip strategy will 100% blow your account up in the long run.


quote:

It took 10 years to regain ATHs after Stagflation and it took almost 20 after the Tech boom.


Sounds like the buy every dip strategy 100% worked, no?
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