william the wie
Gold Member
- Nov 18, 2009
- 16,667
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I feel like an idiot. If I had instituted my new strategy 6 months back I would be positioned perfectly.At 6:30pm on Sunday, Dow futures are down 300.
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I feel like an idiot. If I had instituted my new strategy 6 months back I would be positioned perfectly.At 6:30pm on Sunday, Dow futures are down 300.
I feel like an idiot. If I had instituted my new strategy 6 months back I would be positioned perfectly.At 6:30pm on Sunday, Dow futures are down 300.
If I were speculating which I don't, I would be buying well diversified US stocks on any weakness. I'm 10% in gold and will hold that position but I certainly will not buy more. When the economy starts moving, which it will eventually, gold will fall like a rock.I think this is just a panic adjustment based on the realization that this functional if not technical recession will be around for a while.
The market is functioning as it should.
True. The market has already discounted the credit downgrade and is looking ahead. If your speculating, looking at old news is a sure way to lose your shirt.My thoughts are that only an idiot panic sells. If you call your broker first thing in the morning and tell him to start selling, it is already too late.
I think people should be looking for some good buys tomorrow and no, I don't have any recommendations.
The question people should be asking is not "how far will it fall?", but rather "how long will it take to recover?"
Immie
We could crash again today.
Or ...
We could be setting up for a bottom.
Bottoms occur at the height of fear and panic. It often manifests in the futures market before the open, when the market is down 200-300 points off something like the downgrade. Watch what happens to the market during the day. If it is a bottom, it will often occur in the first hour. The rest of the day will likely see buying into the close, with the market closing on the highs of the day. Then, on Tuesday or Wednesday, we should see some follow through on the upside.
Or, we could just be crashing again.
Don't gamble; take all your savings and buy some good stock and hold it till it goes up, then sell it. If it don't go up, don't buy it.We could crash again today.
Or ...
We could be setting up for a bottom.
Bottoms occur at the height of fear and panic. It often manifests in the futures market before the open, when the market is down 200-300 points off something like the downgrade. Watch what happens to the market during the day. If it is a bottom, it will often occur in the first hour. The rest of the day will likely see buying into the close, with the market closing on the highs of the day. Then, on Tuesday or Wednesday, we should see some follow through on the upside.
Or, we could just be crashing again.
We're either crashing or we're crashed?
That's a safe bet, I guess.
Now how does one capitalize on that news?
Woowee! Now that's a beatdown! Dow down 635. S&P down 80. Russell 2000 down 64. Small cap stocks fell 7% today. Large caps were down 6.7%. The S&P is down 13.4% in August, the worst start to August ever.
The other thread has turned into the usual mindless political hack garbage. This thread is to discuss the stock market crash without blaming everything on Republicans or Democrats by people who barely know the difference between a stock and livestock.
The UK has fallen 12% in 5 days. Switzerland has fallen 17% in 2 weeks.
Woowee! Now that's a beatdown! Dow down 635. S&P down 80. Russell 2000 down 64. Small cap stocks fell 7% today. Large caps were down 6.7%. The S&P is down 13.4% in August, the worst start to August ever.
Well what did you expect when we have a POTUS who makes Alger Hiss look like an American Founding Father?