WOO HOO!
NKE had already been falling for days, already erasing the “Kaepernick boost” prior to today’s pounding (not that the media would tell you that)
I for one am not distressed. When markets keep moving up in a straight lines I get nervous. Periodic speed bumps and minor corrections are like safety valves on a boiler. They keep the market from getting overheated and blowing up. Stocks have been getting a bit frothy lately and I was thinking a a break was needed. If we drop more than 15% I might start to get nervous. But until then, just gonna sit back and watch the playoffs.
And Tiffany’s is down 10%... guess the women overdid their Kav protests.
Lots of “luxury” companies down it seems.
I firmly belive that if we hold the house and senate on nov 6, the chinese trade negotiators will sign a deal on nov 7 and the market will sky rocket. Chinese hoping for a weakened trump and weakened america. Vote!
“So take heart folks.”
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Hopefully, those who live off their investments remember such mistakes as taking too much out any one year to live upon. Always better to live a bit lower than you really want.. And my beloved keeps telling me if the stocks go down, be ready to buy...
One of the first questions I was asked prior to retirement and setting up my reimbursements was if I get ‘stock nervous,’ at all. I assured the man that though I look at stocks daily I tell myself it can always get worse and look wait a bit longer before yelling. LOLOL It’s worked so far.
The Dow corrected a little, and hysterical, screeching blurbs from a news link site knocked it down quite a bit.
IOW, they’re back to normal after the big rise last month.
Rich, famous leftists have been predicting a market crash for a while.
What’s the Greek word for “loss”?
FBN is trying to scare people into thinking doomsday is coming.
The Federal Reserve is working on causing a recession.
The yield curve is getting flat, but it usually takes some months after the yield curve is inverted before a recession begins.
I don’t want it to affect the 2020 election. Trump will have to keep an eye on the Fed.
My brother had recently purchased some dark Nikes. After the Kaepernick deal, he put some dark tape over the swishes. I swear, you couldn’t tell until he pointed it out, and then I had to really look closely. He said he wasn’t going to throw out new shoes for the price he paid for them. but wouldn’t be caught dead being seen in Nikes. I thought it was a good compromise.
This is about the Fed interest rise...Trump said it should not have been raised again.
With that market drop, the DowIndustrials Index is still above both the value three months ago as well as a year ago. The NASDAQ is below its value three months ago, but not below the value a year ago. The S&P 500 index is near the value of three months ago but still higher than a year ago. It all looks for now like just a market correction. Only time will tell if it is the beginnind of something more, though in my own view the stock markets ARE overvalued, on a fundamentals basis, and more drops would not surprise me.
Now would be a great time for a “negro who doesn’t read” like Kanye West to put his brand on some Nike-killer shoes.
For those who invest; Gab.com is selling shares to fund itself. Gab is the free speech alternative to Twitter which censors conservatives. Gab does not. Just an FYI. I’m not affiliated with Gab.com.
https://www.startengine.com/freespeech
Hey - Nike donates three times more to republicans than democrats!
Isn’t the % drop all that matters.?