Chart: Don't freak out about your 401(k)
Things are now much, much worse than in August.
The same garbage from these folks, and it is always the same: "Stay the course!"
What if "the course" is right into an iceburg and we are on the Titanic?
Posted on 01/19/2016 10:32:09 PM PST by Citizen Zed
Link to futures...
(Excerpt) Read more at money.cnn.com ...
from what I saw china is correcting...again.
ASIA markets are way down, means NYSE probably opens tomorrow down, too.
NIKKEI 16,416.19 -632.18
HANG SENG 18,951.48 -684.33
S&P/ASX 200 4,841.50 -61.57
Looked at my account (before I heard about the futures but after the market closed this afternoon), a few gained, but most stocks sank lower today than closing on Friday.
Oil seems to be driving it all to some extent as it is affecting the economy world wide. Farmers are sitting on cash but not buying or selling and there won't be much revenue from them. Alcoa not doing well.
Housing and electronics seem to be holding their own, except for PC's, but it can't be good that Walmart is closing so many. Plus they aren't building two in DC they were going to because projected income not good. Plus shoplifting. When I heard that, I got mad to think shoplifters steal so much these days.
Buying opportunity - all that Chinese money has to go somewhere.
Germany down 2.5% and England off 2% now.
This will get ugly....unless you are short...You will be bleeding.
US, UK and Oz down about 8% for the same period.
Chart: Don't freak out about your 401(k)
Things are now much, much worse than in August.
The same garbage from these folks, and it is always the same: "Stay the course!"
What if "the course" is right into an iceburg and we are on the Titanic?
These folks see small investors as sheep to be shorn.
From Kitco:
Real-time: 11:45:09 ET
Change: +16.20(+1.49%)
Bid: 1103.70
Ask: 1104.70
High: 1105.10
Low: 1090.80
I’m already bleeding.
I just watch my account, don’t own any for some time. But the ones I was watching took a steep dive at opening and are up nicely. That’s not to say the whole market is up nicely because it isn’t.
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