A less than 3% (700/24,00) Drop is big news?

[william the wie]

What is wrong with everybody? Gail has been screaming at the TV for two solid hours.

 

[Billy_Kinetta]

I admittedly yawned. It will come back soon.

 

[Tijn Von Ingersleben]

Idiots do not understand math.

 

[SassyIrishLass]

I've suffered through worse days. It'll be back

 

[BradVesp]

People get stuck in the past. Maybe ten, certainly twenty, years ago a 700 point drop would have been a calamitous event. If one doesn't update one's perspective from time to time it might be cause for a freak-out. Also, it's a larger swing then usual, but the market's been anything but usual for the past year.

 

[theHawk]

What is wrong with everybody? Gail has been screaming at the TV for two solid hours.

The globalists are freaking out. Virtual slave labor camps in China used to destroy the middle class manufacturing jobs in America are being taken off the table thanks to President Trump.

 

[JGalt]

What is wrong with everybody? Gail has been screaming at the TV for two solid hours.

The Trump giveth, and the Trump taketh away.

 

[william the wie]

But if a 3% drop puts you in psycho mode you are a part of the problem not the solution.

 

[BradVesp]

But if a 3% drop puts you in psycho mode you are a part of the problem not the solution.

I don't get it. Would you elaborate?

 

[MordechaiGoodbud]

What is wrong with everybody? Gail has been screaming at the TV for two solid hours.

The globalists are freaking out. Virtual slave labor camps in China used to destroy the middle class manufacturing jobs in America are being taken off the table thanks to President Trump.

This is completely untrue. You don't know what you are talking about and neither does Trump. Those obsolete shitty jobs are not coming back (Thank God!). Robots replaced them.

 

[william the wie]

But if a 3% drop puts you in psycho mode you are a part of the problem not the solution.

I don't get it. Would you elaborate?

There are three ways to invest as opposed to speculating:

The company has an effective monopoly as with Berkshire-Hathaway purchases.

the company has a secure and growing dividend/earnings flow you can invest back into the Company

The market value of a company's assets is greater than the market value of the company.

Speculating involves betting on which way the market is going which is very hard to do. Figuring out cash flow to yourself over a long period of time is a lot simpler. A 3% drop in price means your reinvestment increases your returns by 3.1%

 

[McRocket]

The DOW is down 450 pre-market.

This trade nonsense that Trump instigated (against the advice of almost everyone on Wall Street with a properly working brain) is hurting stocks BIG TIME.

 

[edthecynic]

What is wrong with everybody? Gail has been screaming at the TV for two solid hours.

Probably because it is down from 26,616 over the period. That makes it a total 10% correction over the period.

 

[rightwinger]

I miss the Great Obama

 

[MarathonMike]

Everyone focuses on the DOW but it's the 200 day moving average of the S&P (2585) that is the key. It's been broken, recovered and now it's hovering right around that mark.

 

[william the wie]

This market is wonderful as the equities go down the cost of yield goes down and the Dow theory hasn't even given its sell signal. You must be loving this too Mike. Sort of like getting 5% off on OCPs and reinvested dividends.