Posted on 02/05/2018 12:33:52 PM PST by nickcarraway
Markets were screaming red in Monday’s trading session, continuing a steep decline that started Feb. 1.
By 3:08 p.m. ET, the Dow Jones industrial average had fallen 1,032.95 points — or 4 percent — to 24,488.01. The S&P 500 fell 59.63 points, to 2,702.31, and the Nasdaq fell 230.51 points, to 7,010.41.
Moments later, the Dow fell as much as 1,500 points and had erased its gains for the year.
(Excerpt) Read more at nypost.com ...
Oh please...step aside
Soros is legendary in manipulating the market. He uses size to dwarf the bid side of the market. He sells until the buyer of last resort backs away.
He did that with the Bank of England back in 92. Remember the 500% overnight interest rates of some EU nations?
The business channels are reporting that a big part of the sell-off is due to automatic computer programs, not individual human beings panicking.
RLY. I'm eyeing the cash in my brokerage account and wondering, "are we there yet?"
If the DJIA starts the day at 25,000 then it has to drop 1,750 points to hit the 7% mark.
This isn’t “profit” taking.
If it were, something would be going up. This is a financial attack.
There is no asset, no index in the world going up.
Good news is, that if you lose 25% of your investments value, and every other person in the world does too, then you didn’t lose anything at all... It’s all in your head...
So you’re blaming Soros? Why isn’t anyone else blaming Soros?
In other news, water is wet.
Most trades are done by computers every day. Of course that would still be true today.
LOL!! It is feckless and futile at best. How many military divisions does the deep state have?
Buffett especially. Bezos? I don’t know. Soros played the Brits, and the Brits allowed themselves to be played way back when.
how long will companies allow their valuations to be low. I doubt long.
For those interested:
BitCoin has been bouncing around in the last hour:
High: 7431.100
Low: 6640.000
Currently around 7100.000
I agree. Someone else who posted to me made it sound like most of the sell-off is due to individuals one by one panicking and calling in sell orders to their brokers.
I trimmed all of my underperforming assets just about a week ago, rolled the proceeds into cash and am waiting on good buys for more of the stuff I kept. Always hard to pick the final uptick without being so greedy and fearful to buy while it is still going down.
Actually feeling pretty good right now. I have been expecting interest rates would rise from the abnormal levels of the last many years. I told the children last fall that if they wanted something big and don’t have cash to buy it now and pay it back with cheap money that is coming.
Once upon a time, 20 or so years ago, I was getting 12% on GIC accounts. I also got 20% on 5 year zero coupon bonds back in the 80s. I promised if that ever happened again I would buy as many as possible for as long a term as possible. Those days did not last long.
She should have been raising them gradually for the past few years, not all of a sudden this year on her way out.
Thanks for the mention. I appreciate it.
Puts things in perspective.
You’ll make me laugh so hard I’m going to pee myself...
Nooooo buy buy buy
I liquidated a bunch a few weeks ago to buy my new house. Have a buyer already for my current house so should have the cash back in about 4 weeks. Perhaps its lucky timing for me making this move.
The stock market is “Tulips”!! Sorry, I had to say it. ;-)
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