Posted on 08/24/2015 4:00:11 AM PDT by EBH
U.S. stock index futures screamed lower, with Dow futures (Chicago Board of Trade: @DJ.1) tumbling more than 400 points, as fears surrounding the health of China's economy multiplied.
These concerns saw the benchmark Shanghai Composite (Shanghai Stock Exchange: .SSEC) index notch up its biggest one-day percentage loss since 2007 on Monday, closing down 8.5 percent .
Panic spread to European markets, with the pan-European FTSEurofirst 300 (FTSE International: .FTEU3) as much as 3 percent in early London trading. All major bourses were off a similar amount. The index has shed over $1 trillion in market value in August so far.
(Excerpt) Read more at finance.yahoo.com ...
It is all tied to China’s failing economy. Every commie/socialist economy fails and when we do so much business with them, we are going to take the hit too.
Trump’s been warning us about this...for years, now.
For far too long we’ve had a mindset of “Hey, I’ve got mine, so whatever”. Politicians have played to our baser instincts, and we’ve lost sight of trying to do what’s good in the long run.
One of the best indicators of how well a child will succeed as an adult is their level of delayed gratification.
We’ve sold our seed corn, and it’s only a matter of time before we reap the whirlwind.
There is no predicting a bottom or a top really. Too many variables and machines involved.
Great time to buy!
I would never ever give anyone that advise.
Why short a rigged market. Who knows what will happen from day to day with orders to the Fed to save the market at all costs. Can’t fight Washington.
We’ll see. I have an ominous feeling/discernment about this.
With parasites running amuck with the administration’s blessing the past several years, this won’t be a run-of-the-mill stock market “correction.” Law and order are derided as “racist,” so any upset in the economy is not going to be pretty on the street.
No argument from me on this at all.
I went short on DJIA Components a week ago Friday. Cashed out big about an hour ago.
The Trump Depression is starting!
My point is this: My wife and I have been long-term buy and hold investors for 40 years. Through ups and downs, hot and cold, night and day. We planned, studied, and invested wisely. We could have bought gold, property, bonds or whatever. But equities - historically - have the best long-term return of ANY investment, bar none.
We have been rewarded well for our patience and diligence, so the old BS that markets are “rigged” is just that - BS.
We were both able to retire at age 59, and are able to do extensive traveling. We had the courage of our convictions, and put down real, earned dollars to do this. We will continue to so.
We bought Thursday and Friday, and will buy more today.
Now if you think it’s all going to hell, put your money up. Short the market. You can make a lot of money in a hurry if you really believe what you say.
Thanks
When you think about it, the stock market should only matter at two points in time: the moment you buy and the moment you sell. Worrying about the performance of the stock market when you are 5+ years from retirement is a perfect example of a waste of time and energy.
This is why smart long-term investors don't read financial stories in the news. Why would you ever make long-term decisions based on short-term changes in the market?
Same. Not falling for it again.
People aren’t buying things today — essential or non-essential — with the money in their retirement accounts.
The voice of reason, abb.
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