Stock market drops by over 1500 points today. 6% drop so far in just one day. Is Trumps bubble bursting?
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Stock Market plunge.
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Originally posted by alaskazimm View PostWell, the Patriots lost the Super Bowl last night so I'd expect many more signs of the impending apocalypse to come in the next few days.
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Even with the drop, Dow is still higher than it was before Trump won the election.
Not sure what spooked investors. Is this fallout from the memo?Some may call me foolish, and some may call me odd
But I'd rather be a fool in the eyes of man
Than a fool in the eyes of God
From "Fools Gold" by Petra
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Originally posted by Mountain Man View PostEven with the drop, Dow is still higher than it was before Trump won the election.
Not sure what spooked investors. Is this fallout from the memo?The first to state his case seems right until another comes and cross-examines him.
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Originally posted by JimL View PostStock market drops by over 1500 points today. 6% drop so far in just one day. Is Trumps bubble bursting?
But I wouldn't be surprised to see a crash like 2008 or bigger soon. The US congress has gradually repealed the weak Dodd-Frank regulations that were put in place after 2008. The weak regulations combined with deep, deep, structural issues in the US economy, combined with record levels of wealth inequality make for a dangerous economic environment. The only thing holding it together currently has been immense amounts of quantitative easing which is a bit like wrapping a pile of radioactive waste in many layers of duct tape and declaring that it's now 'all good'. That was actually somewhat better than Europe's austerity approach of doing nothing and hoping it goes away, and it's been an interesting lesson to observe just how long quantitative easing can hold the pile of garbage together for. However, quantitative easing seems to be reaching the limits of its ability to tape over the underlying problems, so it will be interesting to see how quickly those problems re-manifest as QE's ability to hold it together runs out."I hate him passionately", he's "a demonic force" - Tucker Carlson, in private, on Donald Trump
"Every line of serious work that I have written since 1936 has been written, directly or indirectly, against totalitarianism and for democratic socialism" - George Orwell
"[Capitalism] as it exists today is, in my opinion, the real source of evils. I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy" - Albert Einstein
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Originally posted by Starlight View PostI suspect it was probably some malfunctioning computer trading programs.
But I wouldn't be surprised to see a crash like 2008 or bigger soon. The US congress has gradually repealed the weak Dodd-Frank regulations that were put in place after 2008. The weak regulations combined with deep, deep, structural issues in the US economy, combined with record levels of wealth inequality make for a dangerous economic environment. The only thing holding it together currently has been immense amounts of quantitative easing which is a bit like wrapping a pile of radioactive waste in many layers of duct tape and declaring that it's now 'all good'. That was actually somewhat better than Europe's austerity approach of doing nothing and hoping it goes away, and it's been an interesting lesson to observe just how long quantitative easing can hold the pile of garbage together for. However, quantitative easing seems to be reaching the limits of its ability to tape over the underlying problems, so it will be interesting to see how quickly those problems re-manifest as QE's ability to hold it together runs out.
Because there do not seem to be any overt negative economic indicators, I suspect that, once prices drop a bit more, people will starting looking for bargains and we'll see it turn back around.The ultimate weakness of violence is that it is a descending spiral begetting the very thing it seeks to destroy...returning violence for violence multiplies violence, adding deeper darkness to a night already devoid of stars. Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that. Martin Luther King
I would unite with anybody to do right and with nobody to do wrong. Frederick Douglas
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Originally posted by Starlight View PostI suspect it was probably some malfunctioning computer trading programs."As for my people, children are their oppressors, and women rule over them. O my people, they which lead thee cause thee to err, and destroy the way of thy paths." Isaiah 3:12
There is no such thing as innocence, only degrees of guilt.
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Originally posted by Cow Poke View PostI figure it's an expected correction. Fortunately, I got out two weeks ago!
I have been keeping my money out for the last few months. I haven't sold any stock but I haven't been buying any either (other than the reinvestment of dividends which is automatic). I learned my lesson on the dotcom bubble thing. After it started falling, I sold my stock, which mean I lost money, then it took forever to get it back. This time I am just leaving things as they are and just not buying yet. Maybe when it starts back up I will buy at a discount. But it is hard to determine that for an amateur like me.
I am thinking this is a short term panic in the market. Things were going so well they are afraid the fed will raise interest rates. I think that is why it happened right after the SOTU address. If so, it could start right back up once the fear goes away and everyone sees the lowered prices as a bargain to buy.
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Originally posted by Sparko View PostYou caused the sell off!!!
I have been keeping my money out for the last few months. I haven't sold any stock but I haven't been buying any either (other than the reinvestment of dividends which is automatic). I learned my lesson on the dotcom bubble thing. After it started falling, I sold my stock, which mean I lost money, then it took forever to get it back. This time I am just leaving things as they are and just not buying yet. Maybe when it starts back up I will buy at a discount. But it is hard to determine that for an amateur like me.
I am thinking this is a short term panic in the market. Things were going so well they are afraid the fed will raise interest rates. I think that is why it happened right after the SOTU address. If so, it could start right back up once the fear goes away and everyone sees the lowered prices as a bargain to buy.
dow.jpgThe first to state his case seems right until another comes and cross-examines him.
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Originally posted by Sparko View PostInsider TRADING!!!! I am gonna report you!!!The ultimate weakness of violence is that it is a descending spiral begetting the very thing it seeks to destroy...returning violence for violence multiplies violence, adding deeper darkness to a night already devoid of stars. Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that. Martin Luther King
I would unite with anybody to do right and with nobody to do wrong. Frederick Douglas
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