More after the break!
Breaking news! Dow just tumbled 700 points
|by CNN||reply 250||Last Tuesday at 12:08 PM|
It's due to Hurricane in Florida.
|by CNN||reply 1||10/10/2018|
R1 No, rising interest rates.
|by CNN||reply 2||10/10/2018|
No, r2. It's CHY-NA!
|by CNN||reply 3||10/10/2018|
Sears is about to declare bankruptcy. Killed by Amazon. I wonder what that will do to my appliance service contract.
|by CNN||reply 4||10/10/2018|
I'm surprised it hasn't happened sooner.
|by CNN||reply 5||10/10/2018|
Sears has been on life support for years. The only thing it had going for it was the kennmore brand.
|by CNN||reply 6||10/10/2018|
I heard 1/3 of malls will be bankrupt in the next 5 years.
|by CNN||reply 7||10/10/2018|
I think consumers and workers are going to regret the death of brick and mortar, bitterly.
|by CNN||reply 8||10/10/2018|
Down 800 points
|by CNN||reply 9||10/10/2018|
I can't breathe.
|by CNN||reply 10||10/10/2018|
[quote]I think consumers and workers are going to regret the death of brick and mortar, bitterly.
I know I will. I enjoy going into a store and browsing. (And yes, I buy 95% of my items from a brick and mortar). I'm in distress at Lord & Taylors closing their NYC store. I love the beauty and the architecture of these old stores.
|by CNN||reply 11||10/10/2018|
Ford is preparing for massive layoffs after losing $1 billion due to Trump's tariffs.
|by CNN||reply 12||10/10/2018|
The Dow closed 831 points lower as Intel and Microsoft fell more than 3.5 percent each. The Nasdaq plummeted more than 4 percent.
I wonder how tRump will spin this?
|by CNN||reply 13||10/10/2018|
24,000 job losses, I think, r12.
|by CNN||reply 14||10/10/2018|
tRumproast will blame anyone he can. He’s very sick and demented.
|by CNN||reply 15||10/10/2018|
The Rethuglicans are counting on the economy to keep them in power. Is this enough cumulatively to scare undecided and ambivalent voters into voting ? Will they vote straight democratic party line? I guess we will see how the market does tomorrow and Friday. Would this be an indication that all of tRump's policies, decisions, behavior have finally tipped the scale and started a recession ? So many questions here
|by CNN||reply 16||10/10/2018|
"It's a Correction" R13.
|by CNN||reply 17||10/10/2018|
Not all of those losses will be in the US, R14. And if I have anything to say about it, none of them will be in the USA.
|by CNN||reply 18||10/10/2018|
[quote] Ford is preparing for massive layoffs after losing $1 billion due to Trump's tariffs.
|by CNN||reply 19||10/10/2018|
3rd largest single day drop in history.
|by CNN||reply 20||10/10/2018|
i feel good coz i totally missed the ride up. I was gonna put money in the market but never did ( before Trump became POTUS).
|by CNN||reply 21||10/10/2018|
What's the consensus as to cause? It can't be all about Sears.
|by CNN||reply 22||10/10/2018|
Thrid largest single day POINT drop, r20. If it was the third largest PERCENTAGE drop then we'd be in deep shit.
|by CNN||reply 23||10/10/2018|
oh come now, r23. my post sounds so much more dramatic and fabulous. lets just go with that.
|by CNN||reply 24||10/10/2018|
Kavanaugh was the straw that broke the camel’s back.
|by CNN||reply 25||10/10/2018|
This is fake news. The dow is tremendous. It is the best. It will make all of us rich. It is tremendous.
|by CNN||reply 26||10/10/2018|
Its massive and its growing! Believe me!
|by CNN||reply 27||10/10/2018|
If those idiotic supporters of the biggest idiot in WH said Dow going up was because Donnie the Orange this is his fault, too? Economy will start to show the results from the decisions made by WH and gop.
|by CNN||reply 28||10/10/2018|
Supposedly it tanked because of remarks by the Federal Reserve chair.
|by CNN||reply 29||10/10/2018|
Oh, crap.... Ignore r29. That was an older article. Sorry!
|by CNN||reply 30||10/10/2018|
USA Today has a pretty gloomy take on it.
|by CNN||reply 31||10/10/2018|
The Washington Post has a much more balanced take.
|by CNN||reply 32||10/10/2018|
It tanked on a few things...treasury bond yields went up, Ford is feeling the impact of tarrifs and China isn't buying bonds.
|by CNN||reply 33||10/10/2018|
It's because Taylor Swift told people to vote Democrat. The tighter the grip the GOP has, the better the stock market does.
|by CNN||reply 34||10/10/2018|
Sarah Sanders said this is nothing, so don't worry about it. What does Sarah have her degree in?
|by CNN||reply 35||10/10/2018|
Once we take congress Trump will blame us if the economy worsens. He needs no proof, all he has todo is say it and the media will trumpet his charge and a huge chunk of America will believe it.
"Those dirty democrats...as soon they got congress they started working against you. This is all their doing. They keep me from making the economic miracles I could deliver if only they weren't here. Remember how good the economy was before they got in? It was great. All you have to know is that democrats won and you are now losing, folks. Better start voting GOP again."
And Chuck schumer will pull his granny shawl around his shoulders and look up from his teeny lady reading glasses and say, "Oh pshaw. Everyone knows that's not true. I have to go now for my prostate exam. Goodnight. "
Democrats better be prepared for it. As soon as we win, they'll blame everything on us.
|by CNN||reply 36||10/10/2018|
At this point and with this much traffic...people would rather order stuff on line.
|by CNN||reply 37||10/10/2018|
Thanks Fed Chair for trying to tank the economy so Trump will lose in 2020. Trump said "fed has gone crazy"
|by CNN||reply 38||10/10/2018|
I feel more than $25k lighter today! Thanks, Donald!
|by CNN||reply 39||10/10/2018|
Deplorables don’t have stock so...
|by CNN||reply 40||10/10/2018|
How dare the Fed do what they've always done in the past, R38! Particularly with Trump's own hand-picked chair.
|by CNN||reply 41||10/10/2018|
[quote]Deplorables don’t have stock so...
But some work for Ford or did.
|by CNN||reply 42||10/10/2018|
I'm all for another recession if it means Trump and Republicans get voted out of office. Unfortunately, a bad economy is what it's going to take before people finally wake up.
|by CNN||reply 43||10/10/2018|
Personally, I look forward to the MAGA idiots trying to explain why Trump was personally responsible for the stock market growth when it went up and how he had nothing to do with it when it went down.
Heads, I win; tails, you lose.
|by CNN||reply 44||10/10/2018|
I told y'all this was coming.
It is going to bottom out around the week of the 22nd.
|by CNN||reply 45||10/10/2018|
Relax, ladies. We know you want the sky to fall so you can clutch your pearls and have the vapors, but it isn't.
|by CNN||reply 46||10/10/2018|
[quote] Personally, I look forward to the MAGA idiots trying to explain why Trump was personally responsible for the stock market growt
All he needs to do is say It and it's magically true.
"Look how great the economy is, folks. So great. So very great. Best stock market in the history of the world. Best growth America has ever had in the economy, believe me. Trump made that happen. It happened because of Trump and the great policies enacted by this administration. So true. So very true. We're making America great again. Trump is making America great again. Don't let the dirty democrat dogs take away the great Trump economy. Don't do it, folks."
And his rabid cultists believe it. They don't need it explained to them and they don't need to explain it. It just IS. They'll say, "I'm not an economist (like global warming deniers say "I'm not a scientist"). The economy is great and even the liberal media agrees it is."
|by CNN||reply 47||10/10/2018|
Historically, the DOW always plummets in October....look at past nose dives October
|by CNN||reply 48||10/10/2018|
Market tumbles on the news that Joe Giudice to be deported.
|by CNN||reply 49||10/10/2018|
.....it’s Dianne Feinstein’s fault. .....but HER emails.. .....fake news. .....it’s Obama’s fault. .....it’s God’s punishment because of the liberals. .....but Fox News didn’t say anything, so it’s not true.
|by CNN||reply 50||10/10/2018|
Tax Cut Karma
|by CNN||reply 51||10/10/2018|
Will the American dollar lower?
|by CNN||reply 52||10/10/2018|
R52 No it’s safe haven
|by CNN||reply 53||10/10/2018|
I am still upset that record stores like Virgin and toy stores like TRU and FAO are closed! B&N is slowly following, but on life support. I like Amazon just as much as the next guy for convenience, but miss the physical atmosphere in those stores.
|by CNN||reply 54||10/10/2018|
It will rise again
|by CNN||reply 55||10/10/2018|
[quote] It will rise again
Like Donald Trump's penis?
|by CNN||reply 56||10/10/2018|
I moved 20k into an ETF the day before the falling started, because I read several articles that indicated that October, despite the black days, is the best month for increases and this October was primed to be a big gainer. The whole thing is rigged against individual investors.
|by CNN||reply 57||10/10/2018|
" I like Amazon just as much as the next guy for convenience."
What convenience? Order a book from Amazon on Saturday, it arrives Tuesday. I could drive to the local Barnes & Noble and back about 150 times in that time period.
|by CNN||reply 58||10/10/2018|
Thank you, R23. I about had an infarction.
|by CNN||reply 59||10/10/2018|
But you'd have to put on pants, R58.
|by CNN||reply 60||10/10/2018|
"The sky is falling!!!!! The sky is falling!!!!!"
|by CNN||reply 61||10/10/2018|
I'm glad that Trump-voting Ford workers are getting fucked hard. Too bad for Democrats, though.
|by CNN||reply 62||10/10/2018|
It’s not Trump’s fault. It’s the Feds.
|by CNN||reply 63||10/10/2018|
Well, it also wasn't Trump's fault that the stock market grew but he certainly claimed credit for it, so he can take the blame when it plummets.
|by CNN||reply 64||10/10/2018|
R54 - Worried about B&N? Just as bad as Amazon when it comes to destroying independent bookstores.
|by CNN||reply 65||10/10/2018|
President Shitgibbon said the Fed's "gone crazy".
Do these people know they're projecting like 200 slide projectors operating in synch?
|by CNN||reply 66||10/10/2018|
Blame Hillary! She emailed about plotting to crash the stock market in conjunction with the illuminati and Soros and all those missing kids from the pizza place in the basement of Benghazi and then she deleted the emails, so lock her up!!
|by CNN||reply 67||10/10/2018|
[quote]Sarah Sanders said this is nothing, so don't worry about it.
She doesn't have to worry. All of her money is invested in Canadian Allied Petroleum.
|by CNN||reply 68||10/10/2018|
It’s going further down. Insiders have been selling off for months in anticipation. Trump will try and blame the Fed for raising interest rates, but he helped create the run up with his excess tax cuts. The deplorables will turn on him when they realize their retirement savings of jobs (to the extent they have either) are going to tank. Donnie Darko is also running up the deficit like a cheap whore with a credit card. China is kicking him right in the balls. They are smarter and have money.
|by CNN||reply 69||10/10/2018|
We’ve only fallen back to where we were at the beginning of June. It’s not that big a deal. Though I’ve lost a lot of unearned income!
|by CNN||reply 70||10/10/2018|
Only fools think we can avoid the inevitable crash. 10 years was a good run.
|by CNN||reply 71||10/10/2018|
JC Penny, too, is due to go under.
|by CNN||reply 72||10/10/2018|
I sold 40% of my aggressive investments since February and bought bonds or more conservative mutual funds. Still took a bath today.
|by CNN||reply 73||10/10/2018|
Oh no. Sarah Sanders as stock market expert is a joke.
|by CNN||reply 74||10/10/2018|
What degree does the Huckstress have? Why, a Phd in Cuntonomics of course.
|by CNN||reply 75||10/10/2018|
BUT........... WHAT ABOUT HER EMAILS !!!!!!!!!!!!
|by CNN||reply 76||10/10/2018|
Nosferatu, how did you know this was going to happen? I do seem to recall your prediction.
|by CNN||reply 77||10/10/2018|
Reasons: Fed; hurricane; tariffs; overvalued; lack of confidence; that little report that says we only have 12 years to act on global warming; Trump all out of good luck
|by CNN||reply 78||10/10/2018|
R77, May I just repeat my prediction?
Trump is an unstable lunatic. His trade policies are not thought out at all. None of his policies are thought out, actually. The Mueller investigation will contribute to political instability. Trump might get arrested, actually. The market was over-valued. A correction was inevitable. The end.
No one ever believes me.
|by CNN||reply 79||10/10/2018|
Has Trump tried to blame Obama yet?
|by CNN||reply 80||10/10/2018|
Maybe people want their cash if we all are going to die by 2030. It's like a run on banks during the Great Depression.
|by CNN||reply 81||10/10/2018|
They're moving money into bonds, that's all.
|by CNN||reply 82||10/10/2018|
[quote] Democrats better be prepared for it. As soon as we win, they'll blame everything on us.
In case you haven't noticed R36 Trump never stopped blaming Democrats for everything bad.
|by CNN||reply 83||10/10/2018|
PS, if you want to get rid of Trump, sell all your stocks. It's the only way for you to protect your money and teach him a lesson. The 1% U.S. is out way ahead of you.
|by CNN||reply 84||10/10/2018|
Right now, it's just a one-day drop. It will be interesting to see what happens the rest of this month. We're overdue for a correction but nobody knows just when it will happen, how severe it will be, how long it will last, and what will trigger it. Since so much of this is based on psychology, there is no way to predict.
|by CNN||reply 85||10/10/2018|
Maybe this will spark a panic that will hit other markets and collapse everything. Winning!
|by CNN||reply 86||10/10/2018|
R5, the S&P 500 has been falling since 10/3, so it’s a bit more than one day. We could see a 20%-30% drop. But it’s really impossible to predict accurately..
|by CNN||reply 87||10/10/2018|
^ I meant R85, not R5.
|by CNN||reply 88||10/10/2018|
Except psychology can diagnose, which is actually articulated above. The risk factors are all known.
|by CNN||reply 89||10/10/2018|
I believe you, R79.
|by CNN||reply 90||10/10/2018|
I agree with you, too, R89. I don’t get this whole “Who knows what will happen?” or “It’s just a correction” nonsense. Economists have been predicting things... very bad, not good things.”
|by CNN||reply 91||10/10/2018|
If the Chinese sell their $1Trillion+ in Treasury Bonds then today's interest rate rise will look tiny in comparison.
|by CNN||reply 92||10/10/2018|
Trump sure wasn't talking correction a few months ago. Idjut.
|by CNN||reply 93||10/10/2018|
If Soros would just pay all those protesters what he owes them, they could invest it and the market would bounce back overnight.
|by CNN||reply 94||10/10/2018|
Official White House Response:
[quote]"The fundamentals and future of the U.S. economy remain incredibly strong. Unemployment is at a fifty year low, taxes for families and businesses have been cut, regulations and red tape have been slashed, paychecks are getting fatter, consumer and small business confidence are setting records, and farmers, ranchers and manufacturers are empowered by better trade deals. President Trump's economic policies are the reasons for these historic successes and they have created a solid base for continued growth."
[quote]he said "the Fed has gone crazy when asked about the market drop, saying they are too tight
[quote]he said "it would have been very unfair" to the people who wanted to see the rally for him to have canceled.
|by CNN||reply 95||10/10/2018|
On the bright side, you buy when the market is down
|by CNN||reply 96||10/10/2018|
R96 Gurl! This ain't "down" yet.
|by CNN||reply 97||10/10/2018|
[quote]he said "it would have been very unfair" to the people who wanted to see the rally for him to have canceled.
What is this in response to?
|by CNN||reply 98||10/10/2018|
They asked him if he were still going to hold a rally tonight, since there is a hurricane and a stock market plunge to deal with.
|by CNN||reply 99||10/10/2018|
That was in response to him possibly canceling his rally in Erie Pa tonight because of the hurricane.
|by CNN||reply 100||10/10/2018|
I'm not so sure it's just a correction. Market is due for a bounce but the futures are still dropping after-hours.
|by CNN||reply 101||10/10/2018|
Will the people of Florida, Georgia, and the Carolinas remember that Donnie Darko (love it) chose an effing fundraising rally and his fatass ego instead of them?!
|by CNN||reply 102||10/10/2018|
Futures dropping after hours aren't an indication of where the market will actually open, r101.
|by CNN||reply 103||10/10/2018|
What did fat fuck day at the rally that was offensive? You know he said something shitty.
|by CNN||reply 104||10/10/2018|
Breaking news! Dow just tumbled 700 points
At least WE will be safe -
|by CNN||reply 105||10/10/2018|
Is this an ELE?
|by CNN||reply 106||10/10/2018|
We’re still about 4% up, for the calandar year, so it’s too early to panic. We could fall another 15% and it won’t be anything unusual. Plus, I’m wondering if Mueller might do something before the election, since it’s very clear that Sessions and Rosenstein are both out after the election.
|by CNN||reply 107||10/10/2018|
October 2008, I remember it well. It was ten years ago this month when I lost all financial security because of the WaMu failure, which was the onset of the 21st Century's Great Depression. Within a matter of mere minutes, I lost everything, all financial security, along with thousands, upon thousands of others.
|by CNN||reply 108||10/10/2018|
The market has been trending down for the past month. I think it will be in full correction mode before the year is up.
The housing market has also been cooling for the past few months. It's only going to get worse as rates continue to rise.
And why aren't more people complaining about the cost of gasoline? All those people bought SUVs with the belief that gas would stay permanently low. I guess those middle-class tax cuts are being wiped out every time they pull up to the gas pump. And wait till they see their heating bills go up this winter.
|by CNN||reply 109||10/10/2018|
[quote]R54 I like Amazon just as much as the next guy for convenience, but miss the physical atmosphere in those stores.
You can decorate your home like a store, if you want?
You can buy the shelving, signage, and checkout stands cheap from the stores that are closing.
|by CNN||reply 110||10/10/2018|
Fuck you tRump and the assholes who turned my state Red
|by CNN||reply 111||10/10/2018|
But he was suposta make us all bilonairs. And kill all dem brown peeple.
|by CNN||reply 112||10/10/2018|
It's all Obama's fault! And Hillary's, somehow!
|by CNN||reply 113||10/10/2018|
[quote]JC Penny, too, is due to go under
I am a tall guy and I like ordering my xtra tall work pants from JC Penny's, I hope they make it. It is still the cornerstone of our local mall and the nostalgia factor alone I want it to make it. My mom is bummed that our Younkers closed.
|by CNN||reply 114||10/10/2018|
But Amazon only has junk...
|by CNN||reply 115||10/10/2018|
|by CNN||reply 116||10/10/2018|
The Federal Reserve has a history of always killing economic booms and pushing us into recession with severe interest rate hikes. Someone needs to be brave enough to point out the obvious, that the Fed has no idea what it's doing. They use a textbook from decades ago and accordingly always think that low unemployment leads to inflation. Inflation was already under control. Plus, higher interest rates are a form of inflation for everyone who has debts. The Fed only cares about the investor class, not working people. I hope Trump goes after the Fed.
|by CNN||reply 117||10/11/2018|
"I heard 1/3 of malls will be bankrupt in the next 5 years."
Then where will gangs have their rumbles?
|by CNN||reply 118||10/11/2018|
[quote] The Federal Reserve has a history of always killing economic booms and pushing us into recession with severe interest rate hikes.
R117 your lack of understanding of the Federal Reserve system is astounding. Eventually there will be an economic down turn, and the Fed will need to lower interest rates then to boost the economy. If those interest rates are already low, it will limit the Fed's power to help pull the US and probably the world out of the economic down turn.
A booming economy WILL lead to inflation, it is the Fed's responsibility to keep inflation down, increased interest rates will do that. The US is recording record deficits, to fund those deficits there needs to be a high enough interest rate to attract investors into buying US debt.
Even Trump, when he was running for President criticized the Fed for keeping interest rates too low. Now that he is President he complains about them going up.
|by CNN||reply 119||10/11/2018|
It's because of #MeToo
|by CNN||reply 120||10/11/2018|
2 hours until the market opens, and futures indicate it'll open down another 300.
|by CNN||reply 121||10/11/2018|
I always take our money out of the stock market at the end of September. Glad I did it this year too.
|by CNN||reply 122||10/11/2018|
Damn! All the cruise toilets in my area are at 2 JC Penney and 2 Sears stores. What are we supposed to do for breakfast/lunch quickies? Back to bathhouses and parks?
|by CNN||reply 123||10/11/2018|
I put enough money in money market funds to carry me over the next 2+ years, so not worried. I wouldn't be surprised if the market recovers by the end of the month. The real recession will hit next year.
|by CNN||reply 124||10/11/2018|
I'm retired and have only $250K in the market to last the rest of my life (along with SS). It went from $251K to $241K yesterday and I'm half and half between stocks and bonds. This is bad. Like 2008. I lost 25% back then and it's why I'm practically broke today. FUCK!!! Should I take my money out????
|by CNN||reply 125||10/11/2018|
R125 I’m in the same condition as you. I moved my money to CDs last month because I had lost about $500 since the beginning of the year despite the supposedly great market. I’d rather earn a small return than suffer small losses. The stock/bond market feels too much like gambling to me.
My home is my other asset. I’ve been thinking about selling it and I should have done it last year because now it needs a new roof and interest rates are rising and I am going to end up getting a lot less for it. So frustrating and depressing.
|by CNN||reply 126||10/11/2018|
[quote] R117: Someone needs to be brave enough to point out the obvious, that the Fed has no idea what it's doing... I hope Trump goes after the Fed
Or, maybe you just don’t understand the subject? Trump certainly doesnt. He’s already wrecked political alliances, climate change, the rule of law, and more. Let’s not have him apply his “gut” on the Fed, too.
|by CNN||reply 127||10/11/2018|
I wonder if Trump has consulted with himself yet, on this subject. I bet he make himself make an appointment and call himself “Mr. Trump “.
|by CNN||reply 128||10/11/2018|
[quote] R125: FUCK!!! Should I take my money out????
Probably. It reads as though the volatility of the market makes it an unsuitable investment for you.
|by CNN||reply 129||10/11/2018|
R117 -- Russkie Troll, you go home and you not stir up pot like good American won't do.
|by CNN||reply 130||10/11/2018|
R22, multiple factors. This will continue, in my estimation. The market will rally after today, and more drops will ensue.
Tech is going to revolutionize the market, and it will not all be “a good thing”. We just aren’t equipped to handle the pace, at this point in time.
The hit we will take on tarifa will continue systematically. We will see the full effects, in six months to a year.
There is always a way to beat the market, however. Study up on how it’s done, and research the hell out of multiple sectors. Don’t rely on your brokers/ financial advisors to do it for you, because most will not. They only pay attention to their big money accounts. Do the research, and advise them on what to do. I’ve worked in this industry for most of my adult life, so I know.
|by CNN||reply 131||10/11/2018|
[quote]it's why I'm practically broke today. FUCK!!!
|by CNN||reply 132||10/11/2018|
[quote] R117: Plus, higher interest rates are a form of inflation for everyone who has debts.
If you have fixed interest rate debit, the opposite is true. Higher inflation generally decreases the cost to you to pay the interest on that debt.
If you have variable rate debit, it’s still not necessarily true. In theory your interest rates simply track inflation so the net is zero.
|by CNN||reply 133||10/11/2018|
still going down
|by CNN||reply 134||10/11/2018|
All the indices are going up right now
|by CNN||reply 135||10/11/2018|
Kanye the other highly stable “genius” is fixing all the country's problems.
|by CNN||reply 136||10/11/2018|
Eighteen months ago I needed a AAA tow. The tow-driver was a chatty guy who’d been on the job years, and as I rode in the cab with him to the garage, I asked him what he thought of the new President. He pondered a while then responded: “Well, my modest IRA is doing well, and everyone keeps saying he’s a successful, clever business man, but then I think that he bankrupted a casino. Who bankrupts a casino?” These words keep returning to me.
-- NYT Comment
|by CNN||reply 137||10/11/2018|
Problem is that if we're headed toward a recession, people won't feel it big time until next summer-fall - then they'll blame the Dems in congress since they'll control at least the house. Donald will surely get that msg out.
"Sears has been on life support for years. The only thing it had going for it was the kennmore brand."
True. However, the "Kenmore brand" is merely slapping the brand name on products made by others like Whirlpool and GE.
|by CNN||reply 138||10/11/2018|
R125 & R126 Do not sell you will turn a paper loss into a real loss. That's what screwed many people in 2008, I have a friend who did this he panicked and sold his investments. Today he has no retirement savings and will have to work the rest of his life.
|by CNN||reply 139||10/11/2018|
R125 Don't listen to R139 $10k Loss versus $100k when Dump wrecks the market. Sell now and stay out until it dives.
|by CNN||reply 140||10/11/2018|
it will bounce back already is...
|by CNN||reply 141||10/11/2018|
Hold me, DL! I'm scared!
|by CNN||reply 142||10/11/2018|
Down another couple hundred today and falling.
|by CNN||reply 143||10/11/2018|
Is it bouncing back or is it down another couple hundred? Both can’t be true.
|by CNN||reply 144||10/11/2018|
It's both. After dropping ~300 points it's now bouncing back.
|by CNN||reply 145||10/11/2018|
Better thread title: "10/10/18 Dow tumbled 700 points."
Save Breaking for comment block.
|by CNN||reply 146||10/11/2018|
And then DROPPING again.
Fasten your seatbelts. It's going to be a bumpy night.
|by CNN||reply 147||10/11/2018|
Kanye will fix it!
|by CNN||reply 148||10/11/2018|
MSNBC is just covering the dang hurricane. How can I get real-time updates on the rise and fall of the indices?
|by CNN||reply 149||10/11/2018|
|by CNN||reply 150||10/11/2018|
What hurricane, R149?
|by CNN||reply 151||10/11/2018|
I hope all the people who bought those big SUVs when gas was cheap are getting fleeced right now.
|by CNN||reply 152||10/11/2018|
Looks like we picked the wrong time to make cars.
|by CNN||reply 153||10/11/2018|
To STOP making cars...
|by CNN||reply 154||10/11/2018|
I have a Ford Fiesta. Last week I traveled form Albuquerque to Denver and back and spent less than $40 in gas. Ford's decision to stop making cars and concentrate on big ass SUVs and pickups was one hell of short sighted decision.
|by CNN||reply 155||10/11/2018|
Just Google djia, r149, The page loads with real time Dow info with graph up top and if you scroll down a bit you will see real time quotes for the other major indices.
|by CNN||reply 156||10/11/2018|
Trump is doing what he always does when there is bad economic news--ignore it.
|by CNN||reply 157||10/11/2018|
I’m sorry to say it because it will hurt some people who don’t deserve it, but I hope the market keeps going down until Trump & the Repubs have to pay. Right before the midterms is great timing.
|by CNN||reply 158||10/11/2018|
trump will say the market is going down vecaus3 the fake media keeps saying democrats will win congress & the stock market is scared of that. “You see folks? The dishonest media says democrats will win some seats and guess what happens when Wall Street hears that? They start selling, b3cause 5hey know democrats are bad for the economy.”
Trump is a fly-ridden moist pile of dogshit, but he has one talent and one talent only — smearing.
And he’s fantastically good at it.
He can turn anything around and lay it on someone else & his pack of braying deplorables will believe him. All of the RWNJ outlets — Faux, Breitabort, newsmax, Daily Caller, RCP, TMZ, Enquirer, Drudge — will parrot his nonsense to all the low information cretins out there.
|by CNN||reply 159||10/11/2018|
Thank you R156.
|by CNN||reply 160||10/11/2018|
r116 I only WISH gas were $3.00 a gallon.
|by CNN||reply 161||10/11/2018|
I’m visiting the us from Canada at the end of the month will this make the dollar drop? Should I wait before I buy US cash?
|by CNN||reply 162||10/11/2018|
Down 500+ points (>2.0%) as of 2:45 EST
|by CNN||reply 163||10/11/2018|
Make that -600+ points!
|by CNN||reply 164||10/11/2018|
Ouch.... some folks are panicking, clearly.
|by CNN||reply 165||10/11/2018|
Down 2.5% in VALUE from today’s opening. But the day isn’t over. Stay tuned!
|by CNN||reply 166||10/11/2018|
[quote] some folks are panicking, clearly.
An all-too-predictable and obvious by-product of the republican'ts wholesale repeal of all regulations on the financial industry.
|by CNN||reply 167||10/11/2018|
It's due in part to unease over China and confidence in the administration. Even more, rising interest rates (which is healthy in a booming economy) and increased bond yields- stocks always lose value. So necessary adjustments to an overheated market.
The real danger is the new tax law piling on the deficit. When we do hit a recession we will be unable to stimulate our way out. The tax law passed by the GOP is irresponsible beyond words. All they did during Obama's terms was rant about the deficit (and he decreased deficit spending dramatically). They or course are doing just the opposite. It's wild. The GOP is a party gone mad.
Meanwhile, as always, investing in the stock market (equity) is not for the short term- it's about long term investing. Any other approach is for the speculators- most of whom rely on illegal information if they want a chance for success. I will not sell. I'll ride it out. I've been at this rodeo many times.
|by CNN||reply 168||10/11/2018|
What should a person with 15 years until retirement do? That doesn't seem "long term" to me.
|by CNN||reply 169||10/11/2018|
What R168 said. Nicely written.
|by CNN||reply 170||10/11/2018|
15 years is still long term, R169. I'd ride it out, personally.
|by CNN||reply 171||10/11/2018|
R139, you don’t sell IRAs or 401Ks. You either reallocate your positions, or you draw them out through annuities, roll them over, or cash them in with various tax penalties, depending on your age and/or why.
|by CNN||reply 172||10/11/2018|
You could, in theory, convert the investments to cash, though, R172, which would have the impact of "selling."
|by CNN||reply 173||10/11/2018|
R173, correct. That’s why I included “cash them in, with various tax penalties, depending on your age and/or why”.
I’ve done this for years, R173. I knew to include that. 👍🏼
|by CNN||reply 174||10/11/2018|
I moved many of my assets to bonds in late September. Nosferatu saw this coming in the stars.
Market down, bonds up, Nosferatu pleased he can still read stars, omens and portents after all these years.
|by CNN||reply 175||10/11/2018|
[quote]What should a person with 15 years until retirement do?
Make sure you have food on your table
|by CNN||reply 176||10/11/2018|
Amen, r168. We very close to spending more on our interest payments than we are in military spending and that should scate the shit out of people.
|by CNN||reply 177||10/11/2018|
Scate = scare ^
|by CNN||reply 178||10/11/2018|
600 points down. What was that about everything being fine?
|by CNN||reply 179||10/11/2018|
R175, did you mean Nostradamus, or is the vampire reference a joke I'm just not getting?
|by CNN||reply 180||10/11/2018|
Nosferatu sees all r180
|by CNN||reply 181||10/11/2018|
Unless the market turns around in the next couple of months 2018 looks like a bust. My 401K was up over 11% at one point and when I checked this morning it was only up 4%. I'm assuming it's around zero at the moment. It did much better last year.
|by CNN||reply 182||10/11/2018|
This guy is predicting this downturn will continue through 2019, and the DOW will eventually jump to 40,000. Keep in mind the highest the DOW has gone so far is around 27,000.
|by CNN||reply 183||10/11/2018|
It does look like 2018 will be a bust for the market. I don't see the market hitting the highs it hit January until,the China issue is resolved.
|by CNN||reply 184||10/11/2018|
Can someone who understands this stuff better than the layman explain in sub-layman terms how the Dow can climb to 40,000 while yesterday & today’s downturn will continue for another year?
|by CNN||reply 185||10/11/2018|
is it okay to invest in gold - considered a safe haven when stocks are tumbling?
|by CNN||reply 186||10/11/2018|
Let’s hope tomorrow it drops another 1,000 points.
|by CNN||reply 187||10/11/2018|
[quote]Meanwhile, as always, investing in the stock market (equity) is not for the short term- it's about long term investing. Any other approach is for the speculators- most of whom rely on illegal information if they want a chance for success. I will not sell. I'll ride it out. I've been at this rodeo many times. This is why I said don't sell and turn your paper loss into a real loss. The market will go back up. I have also rode out downturns and my equities have always gone higher.
|by CNN||reply 188||10/11/2018|
I would normally keep holding even during a recession, but under this administration and with climate change threatening our very existence, I might just sell. The usual rules don't seem to apply in these crazy times
|by CNN||reply 189||10/11/2018|
[quote] Can someone who understands this stuff better than the layman explain in sub-layman terms how the Dow can climb to 40,000
R185 it is a guess and he is probably correct someday and while I didn't read the link I am pretty sure he didn't give a time table when it will hit 40,000. Someday surely it will hit 40,000, just as one day 27,000 seemed impossible. Don't pay that much attention to anyone person's predictions they stand as good a chance as being wrong as being right.
The DowJones is a terrible indicator, it only tracks 30 large stocks, while the S&P tracks 500 stocks and the Russell 2000 tracks 2000 stocks. I wouldn't put much faith in the Dow but all the indexes tend to go up or down at the same time.
|by CNN||reply 190||10/11/2018|
Please sir, may I have another?
|by CNN||reply 191||10/11/2018|
The market still seems very unstable. It may yo-yo a bit because of positive earnings etc. But I think it’s going down because US is in so much debt - both government and citizens. Big drops like these are caused by ETFs and other funds selling, not individual investors. I think most people know you can’t keep going up indefinitely without some kind of major crash coming.
|by CNN||reply 192||10/11/2018|
PS, the market is not going from 25 to 40 - maybe in a decade after a crash. More likely it’s going down to 15.
|by CNN||reply 193||10/11/2018|
Well, my company's stock went up today, so I'm good....
|by CNN||reply 194||10/11/2018|
[quote]That’s why I included “cash them in, with various tax penalties, depending on your age and/or why”.
You misunderstood. In many IRA and 401(k) accounts, cash is an option. So you can sell your stock, keep the cash in the retirement fund, and not incur any penalty.
|by CNN||reply 195||10/11/2018|
The Dow was way, way, way overstated. I'd rather it plunge than go up anymore, and I own plenty of stock.
|by CNN||reply 196||10/11/2018|
That’s what I did, R196. I think I will buy CDs for now. My nerves can’t stand the drama. I don’t have a fortune and I can’t afford to lose what I have. I’m already retired.
|by CNN||reply 197||10/11/2018|
r197, I hope you like to pay income taxes because they'll hit you with capital gains fiercely.
|by CNN||reply 198||10/11/2018|
What? I didn’t take the money out of the IRA. There is no taxable event.
|by CNN||reply 199||10/11/2018|
I can retire pretty much anytime in the next 6 years, I think. I'd prefer that we go through the correction/downturn sooner rather than later, as that will let me see whether I truly do have enough to weather the storm. If I do, I'm outta here. If not, I'll stay with the grind for another half dozen years and save/invest like crazy.
|by CNN||reply 200||10/11/2018|
one more day of crashing is all I'm praying for!
|by CNN||reply 201||10/11/2018|
We should all be BUYING stock right now.
|by CNN||reply 202||10/11/2018|
not yet, R202. Wait til it hits bottom.
Let's hope the stock market isn't an insatiable bottom, eh?
|by CNN||reply 203||10/11/2018|
Grand Maul Seizures ??
|by CNN||reply 204||10/11/2018|
And we're up 300+ plus so far.
|by CNN||reply 205||10/12/2018|
If you are 10 plus years from retiring just keep buying automatically in your 401k and Roth accounts and focus on your job/life. Ignore the market noise and don't try to time it.
|by CNN||reply 206||10/12/2018|
Definitely caused by higher rates
|by CNN||reply 207||10/12/2018|
And we’re back below the start by -30 pts
|by CNN||reply 208||10/12/2018|
Now back + 287 on the Dow!
|by CNN||reply 209||10/12/2018|
Stocks are so fucking manipulated by the rich that it's ridiculous. The fact that so many people base their determination on the health of the economy on the stock market alone is insane.
|by CNN||reply 210||10/12/2018|
Most people are idiots and the stock market indices are one number that they can concentrate on r210
|by CNN||reply 211||10/12/2018|
And since the head of the idiots thinks that he’s responsible for the stock market gains and that is the only indicator that the economy is soaring, then I am hoping the market crashes.
|by CNN||reply 212||10/12/2018|
God it went down; it was way overstated. Maybe it will stabilize now.Thank
|by CNN||reply 213||10/12/2018|
You want to try that again in English, R213.
|by CNN||reply 214||10/12/2018|
I'm guessing that he's saying that it was good that it went down because it was too overvalued. And now that it has declined a bit, maybe it will stabilize.
It might stabilize now but it's still overvalued.
|by CNN||reply 215||10/12/2018|
Don’t forget I predicted this too!
There was one poster who said he believed me, but I don’t believe him!
|by CNN||reply 216||10/12/2018|
[quote] R194: Well, my company's stock went up today, so I'm good....
There are few things as certain as this: you should not invest in your own employer. If it runs into trouble, you could lose your job and your investments on the same day.
|by CNN||reply 217||10/12/2018|
Oh, I know, R217, but I work in the tech industry, so a certain portion of my compensation comes from stock awards. I keep a small percentage of those shares and sell the rest, using the proceeds to invest in low-cost index funds. The post was mostly a joke, a la Enron.
|by CNN||reply 218||10/12/2018|
When guys stop sucking cock, then I'll worry.
|by CNN||reply 219||10/12/2018|
The S & P 500 is still up 3.6% for the year, so this week is really quite nothing. When it drops to where it was 3 years ago or more, then complain. I think it will eventually fall far more than this, for the reasons I gave in R79.
Whoever was asking about selling, well, it all depends - on so much! But if you are aggressively invested, I would (and actually did) move to a more conservative mix.
As for gold as an investment, R186, the gold fetishists have really turned me off to the idea. And it still depends on so much! If you do buy gold, it’s always wise to stay diversified, meaning, don’t put everything into gold. Maybe 10% might be wise, though “your mileage may vary”, i.e., your situation may dictate a different strategy.
|by CNN||reply 220||10/12/2018|
What a crazy week. We recouped a little today, but nerve racking. October seems to be a bad month for the wild rides in the stock market... the 1929 crash..2008.
|by CNN||reply 221||10/12/2018|
Ah-ha, R218! Sounds good. I worked for Lotus in Cambridge in 1992, and got the same stock rewards.
I feel bad for the folks at Enron.
My sister has worked for AT&T for 30 years. Though it’s not the same company it once was. And now it’s Frontier Corp., and the stock is really dragging. Of course, it was a high flyer and is now scraping the floor, though it was a slow motion failure.
I got her out of company stock about 10 years ago. I’ve made her a bundle, though she is so uninterested in the market that she has no idea how well she’s doing. I just checked one investment for her son, and it’s up 27% per year, for 5 years, by average.
|by CNN||reply 222||10/12/2018|
Being retired, I have a conservative percentage in stocks...you have to be in for some gains. I'm not a fan of the stock market, though.. don't have the stomach for drops like this week. I was told to ride it out, and look at it as opportunities of buying more stocks at a lower price. Ok....
|by CNN||reply 223||10/12/2018|
Can someone recommend a website for a mutual fund fantasy portfolio, that tracks a reinvestment of distributions? I use Fidelity’s site, but I don’t think they track that. I think, though haven’t verified, that distributions are just ignored. So, if you have a fund that is up 100%, but then pays a 50% distribution, it will report that the fund is up 0%. That really irritates me. Ty.
|by CNN||reply 224||10/12/2018|
I have enough saved now to buy Vanguard Admiral shares with their lower costs. I want to do something attached to the whole market like an ETF or index fund but when I look at their site my eyes just cross because I don't know what all the different numbers mean and can't really tell if one of their funds is better than another for straight forward, simple investing. I have 25 years before I might retire but might need access to the money in an emergency because I don't make a lot annually so can't afford to lose a big portion of it. I've been holding off until the correction comes, which seems inevitable.
Any advice from those on this thread who seem to know what they're talking about?
|by CNN||reply 225||10/12/2018|
Inside traders of the 1% make money weather the market goes up or down. The Trumpanos probably made millions on tuesday. You mom and pop Investors worrying about you piss ant 401k's might as well go to Vegas, at least it's not rigged.
|by CNN||reply 226||10/12/2018|
I made $2,700 by buying the stocks low yesterday. It's not really hard to do, if you have even a 3rd grade education. What goes down, goes back up and what goes up, comes down.
Buy low, sell high.
|by CNN||reply 227||10/12/2018|
R226, it's rather silly to pretend that an average investor cannot make money on the market, when investing in a low-cost index fund, which anyone can do, will return an average of 8% or so over the long haul. That's better than you'll get in Vegas.
|by CNN||reply 228||10/12/2018|
R225, it’s really impossible to “time the market”, so adjust your expectations about investing at the bottom.
Vanguard must have a customer support line, no? Can you call and ask them?
Does Vanguard also have Commodore funds? Admiral funds sounds queer to me.
A few of my friends were likewise cross eyed about all the choices in their 401k plans. The trick is to choose wisely, but just jump in. I got my friends in, in 2009 and 2010, so you can imagine their gains today. They must have tripled their money, or better by now. Not that I get so much as a Christmas card. Anyway, pick a fund, then put a little in. Don’t put all your money in at once. I would put 10% a month in, for 10 months.
Vanguard must have a graph-facility where you can compare multiple funds, no? If not, Yahoo finance does. Plunk down your top 5 favorite funds and see what their 1, 3, and 5 year returns look like compared to each other. Though, if you invest in an index fund, you could skip this and assume you match the index.
|by CNN||reply 229||10/12/2018|
R225, your starting point for stocks should be Vanguard VTSAX - the total stock market index fund. Tracks the market as a whole, and dirt cheap to boot.
|by CNN||reply 230||10/12/2018|
R229 is right. Go with an index fund. Trying to time the market is a mug's game - just invest, and over time you should be OK. Day-to-day fluctuations like we've seen this week aren't terribly important in the long run. Remember - retirement savings is a long game, so play it that way.
|by CNN||reply 231||10/12/2018|
Yeah, R226 doesn’t know anything about this. I have over $400,000 in one of my accounts, and I’ve actually withdrawn more than I put in, so it’s all profit. It’s over a lifetime, but still. Only $100,000 hasn’t been taxed yet.
My point being, there’s always money in the banana stand!
|by CNN||reply 232||10/12/2018|
Buy Sears stock. It’ll pop up exactly one time, and then dump it.
|by CNN||reply 233||10/12/2018|
[quote] R227: I made $2,700 by buying the stocks low yesterday. It's not really hard to do, if you have even a 3rd grade education. What goes down, goes back up and what goes up, comes down
We’re you around during the crash of 2008? The market went down. Then down. Then down some more. Then down further. Your plan relies on luck. Which is great, until it’s not.
|by CNN||reply 234||10/12/2018|
Yes, but the market has recovered from 2008, many times over.
|by CNN||reply 235||10/12/2018|
The market always gains back what it lost, and then some. So if you buy on the way down, even before it bottoms out, you will make money. Buying in at the end of yesterday, which I did, will pay off.
|by CNN||reply 236||10/12/2018|
Wow, you both missed the point entirely.
How about this example: the dot-com crash started in 2000, accelerated after 9-11, and didn’t bottom out until 2003. That’s three years. It was maybe 4 years before we recovered a reasonable amount. The NASDAQ index actually took 13 years to top its bloated 2000 value. If you needed money before your investments recovered, or you lost your nerve, it would suck for you.
|by CNN||reply 237||10/12/2018|
R225, here is the site you want to ask your question on. There are a lot of very knowledgeable people there. They focus on index funds, especially Vanguard funds.
|by CNN||reply 238||10/12/2018|
If you invested in the Dow index in 1929, it would be 30 years before the index recovered to again reach about the same level. It was 1990 before the Dow reached and permanently stayed above that level! That’s 60 years.
I suspect the site I’m using is not counting dividends, but I can’t tell. I know this decline was very rough, but 60 years seems longer than I’ve heard before.
|by CNN||reply 239||10/12/2018|
How can people NOT think this is a bubble? I remember people arguing with me years before the housing bubble popped that that market wasn't a bubble, too. It just seems so obvious that the stock market right now is the exact same thing.
|by CNN||reply 240||10/12/2018|
R239, I think you are correct about not including dividends.
A lot of sleezy financial salespeople use that trick too. They will compare the returns of their product (for example an annuity) to a chat of the S&P 500 but neglect to mention they ignore the dividends.
|by CNN||reply 241||Last Saturday at 6:39 AM|
Remember - we live in a time of rising inequality. More and more of the returns from economic growth accrue to capital, not labor. The single best way for an individual to benefit from this trend is to invest in a low-cost index fund, like Vanguard's VTSAX.
|by CNN||reply 242||Last Saturday at 7:11 AM|
I have several thousand in cash waiting for the next drop. I also gave am REIT that pays a lot in dividends. The market is not for the faint of heart. Millions will get burned by Trump and his deficit.
|by CNN||reply 243||Last Saturday at 4:04 PM|
To a chat = to that
|by CNN||reply 244||Last Saturday at 4:51 PM|
Another down day for the Dow, -89.
|by CNN||reply 245||Last Monday at 3:03 PM|
Good, R245. Not far enough though.
Come on, indices! How low can you go? Let’s DO this!
|by CNN||reply 246||Last Monday at 5:03 PM|
R246, I think we’ll get there, eventually. Trump is a fool and we’ll eventually get kicked in the head. I think he’ll cause a recession eventually, when everyone clearly sees that the emperor has no clothes.
|by CNN||reply 247||Last Tuesday at 8:29 AM|
Dow surges 550 points higher in best day since March as earnings fuel rally
|by CNN||reply 248||Last Tuesday at 11:51 AM|
But the volume was light. Last week it was not. Is there a secret beat market already? Many companies on S&P -20% already?
|by CNN||reply 249||Last Tuesday at 12:08 PM|
^^bear market instead of beat market
|by CNN||reply 250||Last Tuesday at 12:08 PM|