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

This is another Yahoo Virtual Account ( Buffet Rich)



Passive Income of $1.2 Billion Gross per year.

Heavy in Defense,a few banking,telecom, and tech stocks.

Didn't do as well.

The 800 drop on the dow only resulted in a 2.58 percent loss ( $2.5 Billion)

Residential construction is way down this year

Commercial is thriving but there is way less work from the same tine last year.

I work with several companies in a 3 state area. Last year same time was booming.

The tax cut money was in the tens of billions for large companies. A large portion of the money is going into buybacks and manipulation and won't run its course for sometime. The markets will move sideways for a short time then start climbing again.

a reply to: neo96

DOW was just down over 650 points a couple mins ago. I watched it go from -650 to -535 in a matter of 30 seconds (115 point swing).

VIX is up over 25%, about a 10% rise.

a reply to: Cauliflower

Double tops, triple bottoms, pennants, flags, etc., it’s been a minute since I last heard any chart pattern/technical analysis (I’m a big believer in the prognostication abilities of the yield curve) discussed on ATS. A lot of trading psychology will be in flux going forward; charts and pattern analysis will be invaluable to those who are active investors and have discipline — as mentioned earlier, you could buy into the dip and make a lick, or more likely, you’ll be catching a falling knife.

#Charts&DisciplineFTW