Old saying is that markets don't bottom on Fridays, tomorrow could be nastier than Friday. Margin clerks have been working overtime since the close on Friday, this one looks like it may have some legs. Six stocks have carried the market this year, as breadth has been dying; those six stocks have broken recently. No 50% haircut on the horizon, but more downside for sure. Been telling colleagues at work for months now that there would be no rate hikes this year; they have been shorting the 30 year as a "hedge", and been getting their nuts fed to them; they left their short open over the weekend, doubt they will be sleeping well tonight.
You're better off investing your money in sports betting than the stock market next 6 months.......
US markets are off approx 7-8% from year highs. Looks like a minimum 10% correction. No biggie. However, 30-40% corrections occur historically every 7-10 yrs. Last time that happened 2008. Are we overdue? Timing the market is a fools game. However, entry points when the markets are on discount yields tremendous upside. Target your discount % that you'd be happy with and enter/add to portfolio.....this is assuming one has a FUNDAMENTAL belief in the historical trend of the market and US system.
anyone close to retirement , hopefully, has proper allocation
anyone close to retirement , hopefully, has proper allocation
and the airfare for tickets I'm pricing keeps going up and up and up, WTF
it's been silly for quite some time now
I used to think the market was about growth and profits and a strong economy and stuff like supply and demand
Now I think it's about government manipulation, as they do everything within their power to prop it up
Bad economic news? the market surges because QE stays in place. Good economic news? the market drops because of concerns QE may come off the table
Reynolds Tobacco opened $71.39 from $83.61 close on Friday, that's nuts!
Now it stands at $81.28.......it games $10 a share in an hour from the craziness of the opening bell......I'm assuming the reaction was from what's going on in China & the rest of the world.
Dow Jones fell 1,000 points at the open, but regained half its losses......
I see more disaster coming in the coming days/weeks........
Now it stands at $81.28.......it games $10 a share in an hour from the craziness of the opening bell......I'm assuming the reaction was from what's going on in China & the rest of the world.
Dow Jones fell 1,000 points at the open, but regained half its losses......
I see more disaster coming in the coming days/weeks........
W/o a doubt, the bankers & people running the govt manipulate the stock market, always have, always will.......& the working class will get screwed every time when the market crashes......heck, they even make us pay for the bailouts the institutions that are looking at folding up.
I don't know a lot about the market .......where can you make good money when the market is falling like this?
Obviously there are no "sure things." I have a chunk of money I kind of play with, in the markets - separate from my retirement monies. I bought ETF DIA thinking that
the market will correct somewhat over the next month or two, and I can sell it for a short term gain, and if not, I'll just hold.
