DOW Sinks Over 800 Points Today; Futures Down Over 1,000 for Tomorrow

a reply to: Cauliflower

expenses skyrocket while the money people make actually goes down not just to inflation but people are getting paid less than they did 15 years ago. I watched a union manufacturing plant take a paycut by almost 2$ then had their pension cut in half

wanna know where we are headed? guess what....

a reply to: toysforadults

I have no idea who is choreographing this.
Japans Nikkei just walked off a cliff after I posted, down over 1000 points.

Has anyone considered it’s the beginning of a fiscal year, companies are reporting profits, and stock holders might be taking profits from the market?

Nawwww, because THE SKY IS FALLING! ...well, and because...TRUMP!

a reply to: Cauliflower

well, how is the market going to respond to the Fed raising interest rates? Over %5 at the bank now for a mortgage. Have you been on Zillow in the "hot" markets and checked out how much prices have fallen in some area's and how the inventory is rising?

Luckily there's no subprime market right?

It is a correction, there are some who want to blame this on the Republican policies though, after the fact they are making up fake excuses. This time it is the interest rate rising that they are trying to say is causing it, an interest rate increase approved by the Trump administration. With no leverage to combat a colapsing economy because the interest rate cannot be lowered to stimulate it, the economy was inches away from collapsing after Obama strung low rate out too long. Rates under three percent should only be temporary, the Obama administration milked the economy to keep it from flopping on Obama's watch. Very low interest rates are supposed to be short term, not years.

a reply to: rickymouse

Well, at least with inflation we have easy access to credit

Look at the positives.

originally posted by: toysforadults
a reply to: rickymouse

Well, at least with inflation we have easy access to credit

Look at the positives.

I know half a dozen people who cannot get a loan who have had excellent payment history but they owe more than the banks think they should owe. Credit was two easy and they own lots of properties but something has been changing recently, even though they supposedly have good credit they cannot get more money. It seems when they start selling off their properties, their line of credit dropped and even though they have money in the bank now and less debt, they cannot buy other investment property to make money with.

There must have been a change in the way our economy is being steered now.

a reply to: rickymouse

There must have been a change in the way our economy is being steered now.

Precisely...trump started up the trickle down economy once again to favor the already obscenely wealthy. Combine that with tariffs and you have a potential for disaster.

When has trickle down ever helped the American working man?

www.americanprogress.org...

a reply to: olaru12

Trickle down economics is a part of every major economy all the time. Trump did not start it, do not give him credit for that. I learned about trickle down economy about forty five years ago when in high school. Some say it is not real, those people need to go back to high school and learn about this in Econ. I have seen some people saying that raising all wages to a livable wage will not effect the economy, that trickle down economics is a farce. Common sense says it will not work, costs will go up at a higher proportion than the pay raise because everything is based on a percentage of wages in the open market.. Maybe in a pure socialist economy it has no effect, but not in capitalism.

a reply to: TheConstruKctionofLight

the video was more of just to show that the time magazine did have that on the cover. Whatever the guys says in the video i don't necessarily agree with.

But I honestly think our economy is only held up by threads at this point. And that is on purpose.

originally posted by: neo96
The best time to buy in to the market are on days like this with big drops.

Amazon is down $300 a share from it's high.

Google is down $200 a share from it's high.

And so on.

Bet you could get some killer shorts, for those!

during the last of September I sold off several dozen shares of 'Intel' at their bloated price above $50.++…

I held on to that small chunk-of-change, awaiting the forecasted 'October Surprise'... lo & behold, on Wednesday the 10th at 10:40 AM I made a market order to 'Buy' a bundle of DWDP (Dow DuPont) shares before the stock-market breakers started kicking in because of a sharp DOW Jones drop of some 800 points...
...
incredible as it sounds, the 10:40:AM market price for DWDP was just-as-low as the closing price at the 4:30pm market close @ ~$59.34 ...which reflects a stock price way down from the company high of around ~$71. per share

this action was not deliberately timed by me...but just fell-into-place... quite by some other 'hidden hand'
---> thanks Universe, for a lucky happening just some 12 or so weeks before the DWDP stock does the planned Stock Split and Spin-off during Quarter 1 of 2019


who knows...I might end-up with a portfolio of 3 bankrupt chemical Companies in the not-too-distant-Future...
instead of a Cyber-wallet full of Crypto Coins

originally posted by: booyakasha
time magazine cover in 1988 said a get ready for a new currency 10-10-18. I wonder if it spooked people and they sold?

Or it could it actually be the currency reset?

Did you notice my avatar?

Precious Metals is kickin it today.

a reply to: neo96

DOW was down to 25,226 and still bouncing around. Will have to see what happens between now and the weekend but it’s all up in the air right now, not looking great

a reply to: neo96

Wow gold is way down on the year woulsnt be a bad time to grab some I guess

a reply to: toysforadults

Always hedge with precious metals.

originally posted by: toysforadults
a reply to: neo96

Wow gold is way down on the year woulsnt be a bad time to grab some I guess

Personally I am sitting tight to see how it plays out in equities first but PM prices have been very low, consistently for the past 2-3 months. I almost picked up some platinum when it was under 800 but missed my chance

From one of my Yahoo Finance virtual accounts ( Bezos Rich)



+$794.00 Million since last week.

Time to gamble on some Ag futures. And perhaps a few bright and shineys.....