This is Interesting, Dow sinking

Discussion in 'Stock Market' started by william the wie, Oct 10, 2018.

  1. MarathonMike
    Offline

    MarathonMike Platinum Member

    Joined:
    Dec 30, 2014
    Messages:
    9,678
    Thanks Received:
    2,962
    Trophy Points:
    390
    Location:
    The Southwestern Desert
    Ratings:
    +17,420
    It feels like one of those drop early and bounce late days coming. Could be a good trading day, we'll see!
     
    • Agree Agree x 1
  2. Manonthestreet
    Offline

    Manonthestreet Platinum Member Supporting Member

    Joined:
    May 20, 2014
    Messages:
    19,044
    Thanks Received:
    6,727
    Trophy Points:
    430
    Ratings:
    +16,658
    electioneering via the market
     
  3. william the wie
    Offline

    william the wie Gold Member

    Joined:
    Nov 18, 2009
    Messages:
    13,472
    Thanks Received:
    1,657
    Trophy Points:
    280
    Ratings:
    +6,272
    The big problems are in the Far East:

    Where the logistics chains are moving to get out of the crossfire.
    where the implicit discounting of costs, earnings and wages have to be computed in US dollars because China is inflating like crazy.
    China is in huge danger of its bubble busting making it more problematical as both a supplier and as a market.

    the down beat goes on.
     
    • Thank You! Thank You! x 1
  4. S.J.
    Offline

    S.J. Platinum Member

    Joined:
    Nov 28, 2012
    Messages:
    34,128
    Thanks Received:
    6,757
    Trophy Points:
    1,140
    Location:
    So. Cal.
    Ratings:
    +31,048
    Translation:
    I'm HOPING for another recession like we had in 2008 so I can blame Trump.
     
  5. S.J.
    Offline

    S.J. Platinum Member

    Joined:
    Nov 28, 2012
    Messages:
    34,128
    Thanks Received:
    6,757
    Trophy Points:
    1,140
    Location:
    So. Cal.
    Ratings:
    +31,048
    We're gonna have this volatility until the trade war is over. The market reacts to NEWS. If the news is bad, the market goes down (and vice versa). It'll rebound. This isn't the first time it's dropped and it won't be the last. Buy when the market is down and sell when the market is up.
     
    • Agree Agree x 1
  6. william the wie
    Offline

    william the wie Gold Member

    Joined:
    Nov 18, 2009
    Messages:
    13,472
    Thanks Received:
    1,657
    Trophy Points:
    280
    Ratings:
    +6,272
    A Chinese repeat of 2008 is likely but it is unlikely to cause even a nationwide recession. Left Coast or even Blue Wall recession is quite possible but nationwide we should have positive growth.
     
  7. ABikerSailor
    Offline

    ABikerSailor Diamond Member

    Joined:
    Aug 26, 2008
    Messages:
    41,803
    Thanks Received:
    6,984
    Trophy Points:
    1,840
    Location:
    Amarillo TX
    Ratings:
    +17,182
    Well, at 12:31 CST, on 11 October 2018, the market is down 151 points and still dropping.

    If it drops over 300 today, then it may end up being like 2008.
     
  8. MarathonMike
    Offline

    MarathonMike Platinum Member

    Joined:
    Dec 30, 2014
    Messages:
    9,678
    Thanks Received:
    2,962
    Trophy Points:
    390
    Location:
    The Southwestern Desert
    Ratings:
    +17,420
    I don't see the comparison to 2008. That was driven by irresponsible lending and banking practices that caused a global financial collapse. I suppose if we have a couple more countries economies go belly up like Venezuela that could ripple through in a bad way. Other than that I don't see anything causing a protracted bear market right now.
     
    • Agree Agree x 1
    • Informative Informative x 1
  9. ABikerSailor
    Offline

    ABikerSailor Diamond Member

    Joined:
    Aug 26, 2008
    Messages:
    41,803
    Thanks Received:
    6,984
    Trophy Points:
    1,840
    Location:
    Amarillo TX
    Ratings:
    +17,182
    Really? Because a lot of analysts are saying that the market is dropping in response to Trump's tariffs and trade war.
     
  10. Manonthestreet
    Offline

    Manonthestreet Platinum Member Supporting Member

    Joined:
    May 20, 2014
    Messages:
    19,044
    Thanks Received:
    6,727
    Trophy Points:
    430
    Ratings:
    +16,658
    If only all recessions were full employment and better ...
     

Share This Page