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Started By
Message
re: Dow down 5% in last 4 days of trading
Posted on 2/5/18 at 2:16 pm to Bard
Posted on 2/5/18 at 2:16 pm to Bard
quote:
So you're not an alter?
Dude I'm new to this board but can tell you are gonna be aggravating as hell. No I'm not an alter.
Yes its ok to be objective and post about what is going on in the country even though it may not necessarily make Trump look good. Today was a bad day at the market. I'm sure Trump won't lose any fans.
3
Posted on 2/5/18 at 2:17 pm to buckeye_vol
quote:
buckeye_vol
quote:
No
he's one of yours man.
Posted on 2/5/18 at 2:17 pm to AmericaOverParties
It was Obama's economy when it was booming two weeks ago, has it already transitioned to Trump's economy?
Posted on 2/5/18 at 2:17 pm to tarzana
quote:
tarzana
quote:
Anyone who has investments in stocks needs to sell NOW. The Dow is down 1600+ today and has dropped below 24K!
Trump is looking more and more like the second coming of Hoover.
Every time I think you can't possibly get any more ignorant you prove me wrong.
Posted on 2/5/18 at 2:17 pm to AmericaOverParties
It still isn’t down 10%, dumbass.
Posted on 2/5/18 at 2:17 pm to ShortyRob
Looks like people covering their shorts at the moment.
Posted on 2/5/18 at 2:18 pm to AmericaOverParties
quote:
Yes its ok to be objective and post about what is going on in the country even though it may not necessarily make Trump look good. Today was a bad day at the market. I'm sure Trump won't lose any fans.
I'm still trying to figure out why Trump is being discussed in this thread.
Posted on 2/5/18 at 2:18 pm to Y.A. Tittle
Hovering at -800
Posted on 2/5/18 at 2:18 pm to AmericaOverParties
Market correction. It was going up too fast, had to come down sometime.
Posted on 2/5/18 at 2:19 pm to ShortyRob
quote:That would more than 48% drop, but I agree. Although with the attitude of the poster, I could see it dropping more than a normal correction (10%ish) just because people will panic, but whatever I guess that just makes it more money to gain when it starts back on its trend upward.
Look. Never say never with markets. But there's zero data that would imply we should expect a total of a 48% drop from it's peak.
Posted on 2/5/18 at 2:19 pm to AmericaOverParties
quote:
Yes its ok to be objective and post about what is going on in the country even though it may not necessarily make Trump look good. Today was a bad day at the market. I'm sure Trump won't lose any fans.
You are being anything but objective.
Posted on 2/5/18 at 2:19 pm to GumboPot
quote:Yup..........I'd explain the potential implications of a short ditch.........but nah.
Looks like people covering their shorts at the moment.
Posted on 2/5/18 at 2:19 pm to Y.A. Tittle
quote:All... things... are... relative.
Anyone who has investments in stocks needs to sell NOW. The Dow is down 1600+ today and has dropped below 24K!
Posted on 2/5/18 at 2:20 pm to austintigerdad
quote:
I suspect that the Dow could get down to around 13,000 before this is done.
Go ahead and bookmark for future ridicule or future tears.
Done.
Aside from some unforeseen calamity like WW3 breaking out, another major terrorist attack to rival or overshadow 9/11, a giant comet hitting the US, a massive earthquake, etc there's no way on God's green Earth the Dow gets down to 13000 before 2020.
Posted on 2/5/18 at 2:21 pm to hawgfaninc
Obama selling his 780 billion dollar stimulus investment in the market to high tail it out of town before he's arrested for collusion with Russia. 
Posted on 2/5/18 at 2:21 pm to buckeye_vol
quote:True. I accidentally referenced the wrong day to use as the peak.
That would more than 48% drop, but I agree.
In any case, if you were going to bail, bailing 10 days ago made sense.
If you held now, unless you think there's a systemic issue, you incrementally buy into the drop.
Posted on 2/5/18 at 2:22 pm to ShortyRob
quote:We may not like Trump, but I can acknowledge the economy is good, and the tax reform is good as well. And this drop has little to do with Trump himself, or at least anything inherently negative (e.g., wage growth may indicate inflation but it's positive as well).
he's one of yours man.
In other words, I'm not claiming him.
This post was edited on 2/5/18 at 2:23 pm
Posted on 2/5/18 at 2:23 pm to buckeye_vol
quote:
We may not dislike Trump, but I can acknowledge the economy is good, and the tax reform is good as well. And this drop has little to do with Trump himself, or at least anything inherently negative (e.g., wage growth may indicate inflation but it's positive as well).
Personally, I think there's interest rate risk concern.
Posted on 2/5/18 at 2:24 pm to ShortyRob
quote:Of course, and that sucks for me because I'm buying a house--but whatever. It's basically because the economy is good though so I can't pretend to be upset about it.
Personally, I think there's interest rate risk concern.
Posted on 2/5/18 at 2:25 pm to GumboPot
quote:Those of us who owned stocks during Reagan's Black Monday crash remember those wild up and down swings at the beginning, too.
Looks like people covering their shorts at the moment.
Fortunately that correction totaled only around 23% for the month in US markets.
But I'd argue that US equities are vastly more overvalued today then they were in 1987.
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