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 ...
MAexile wrote: "Just checked in on my portfolio.I’ll be buying more of everything at discounted prices in short order.
I love fire sales.."
Seems like the Deep State players think the same way. Trump's efforts have been cutting off their money supply. They can only play this game for so long.
When it comes to looking smart, I need all the help I can get. LOL.
A good question would be- who is getting out first? Deep state. So no skin off there backs. They leave everyone one else holding the bag, and they send a message at the same time. I believe they are also gearing up for battle. They need cash.
“Soros ... take down of the Bank of England”
He saw easy money in that one.
I’m a 26 yr RIA and have managed 9 figure portfolios, have listed 3 institutional products, have a clean record with regulators and specialize in working with HNW investors. I own my own firm.
I think you two should publish an investing newsletter. LOL.
This is interesting:
LOL!!!
Yellen was replaced Friday. Today was Powell’s first day.
For those of us in desperate need to sell a home in a market that is already tough... higher interest rates make it even more difficult.
Carrying that forward - we are leasing a home where we moved to - that we really need to roll into a mortgage, but can’t until the former home sells... which pushes us into higher interest mortgage as well.
No - I don’t suggest the Fed rates be tailored around my family’s needs. But it will be a growing burden on us.
Not any more you don't
There has to be some sell off. I just received notification of how much money I have to take out of my 401K stock account in 2018. I'm wondering how many seniors are going to be surprised about how much that number increased because of the higher stock prices.
I have a small 401K. I sold enough stock in December to cover the 2018 distribution. <^..^> Might be time to put some crazy-low "buys" on some stocks, just in case some crazy trading happens.
You sound exactly like a stupid little 26 year old smart@ass, pardon me for confusing you for being one. Apparently you’re just a very immature middle aged putz.
I’ve also been here at FR for 20 years.
Go back to your tin foil hat daydreams about George Soros masterminding the destruction of the world. I think there’s an X-Files episode written about you.
He moved 18 billion back in November. That would be enough wouldn’t it?
Republicans handing Schumer most of their bargaining chips to avoid laying off mainly leftist government employees doesn’t inspire confidence among the well-to-do.
Just a correction that was bound to happen. Hang in there.
Not that I don’t think George wouldn’t try if he thought he could pull it off.
I bought a new home 2 weeks ago, cash... and went into escrow on current house about 2 weeks ago also. Buyer is getting a mortgage so I’m a little nervous that his bank will appraise it high enough. He’s paying full asking price, which I didn’t expect.
Actually, I DO have a $2 million dollar portfolio, even today. I had MORE than $2 million last week, LOL. I have a lot of cash and stable investments in my portfolio so I don’t get massacred with these kinds of corrections. I’ve also done dollar cost averaging for over 30 years. I have a very good portfolio manager at UBS.
I knew a correction was coming, we didn’t have one in all of 2016. I don’t like these kinds of dramatic corrections, but that’s part of the deal when one invests in the stock market.
So was Neil Cavuto 😞
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