The stock market is tanking, we should be happy right????

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Submitted by Coronita on February 6, 2018 - 8:46am

I remember there were a lot of folks here banking on a large correction to allow them to come out financially ahead versus everyone else....The rational was to sit out the market for a very long time, maybe years, and then when the market correct , jump right in and do much better than everyone else.

I am just curious, now that we have a 1500+ pt Dow plunge, are you folks hoping for that crash now jumping in or are you waiting for an additional 1500pt plunge on top of another 1500pt plunge, just like waiting for real estate to correct 40-50% after previously correcting during the last meltdown.

....or were you a bear that finally capitulated after seeing the markets going up week after week, and jumped right into the market head and toe, when the markets were high..
and are now part of this market correction just like most everyone else?

it just seems like there are no cheerleaders of the market correction here, which is sort of surprising....because I thought this is exactly what some folks wanted... things seem really quite...

What says you spdrun?

Submitted by ltsddd on February 21, 2018 - 1:13pm.

That MS dude probably missed out on the buying opportunity a couple weeks ago and is now wishing for another dip so he could jump in. I think that little correction was overdue and healthy. Fundamentally, I don't see how March 18 is any different than March 17. My guess is that the major indices are more likely to go up then down 10% here on out...or at least that's what I am hoping since I went all in a couple weeks ago.

Submitted by FlyerInHi on February 21, 2018 - 1:16pm.

spdrun wrote:
^^^

That's not a bad thing -- there's no reason why CA needs to pay to support states that are frankly ungrateful. It would be better if the US did not exist in its present form in a few decades.

From a financial markets perspective it will be very interesting. Without transfer payments from a federal government, the poor states will need their own currencies which they can devalue in order to export and attract investments

We can use our strong California Dollar to buy cheap products from around the world. It will result in a higher standard of living for us.

As far as the military, we can outsource to cheap militia just like Ronald Reagan’s mentor economist, Milton Friedman advocated.

Submitted by Coronita on February 21, 2018 - 1:21pm.

plm wrote:
flu wrote:
kev374 wrote:
down again and Morgan Stanley has just come out saying this is just an appetizer and to wait for a massive crash later this year... buckle up. Seriously what did the retards in Washington think was going to happen when they took on all this ridiculous debt?

I fail to see how this is Washington's fault. and if a crash was so obvious that it was going to happen to everyone, why would one move a massive amount of money into the market right before it happens..

Seems to me that the beginning this year the markets were still going gangbusters and that drew even the most bearish into the markets from the fear of missing our additional gains.

My has the markets changed its tune in just a few weeks. it will be a perfect time to buy end of this month, and end of next month, and the following month, and the month after, and the month after.....

bring on the big correction. I am excited.

Not sure why you would wish for a declining market. I much prefer the rising markets the past two years. I'm going to start increasing cash instead of making money owning stocks. Was at 99 percent stock. Even after selling GOOG a few weeks ago, I'm still at 96 percent stock. In this high volatility environment, I need to keep reducing my stock ownership by selling. This choppiness is only good for day traders.

I don't care either way because I don't need to touch any of the money for a long time. I don't need to buy a home to live in, I don't need any more cars, my kid will be able go to college on a full ride from Bank of Parents.

If we see a few bumps here and there , same monthly investments will by low, buy high....

everything else is just bragging rights, like my net worth is $X.

old age is start to set in.... I don't give a flying f, lol.

Submitted by FlyerInHi on February 21, 2018 - 1:27pm.

Flu, if you truly indifferent like an economist would define “indifferent” then why put your money in the stock market? There are so many ways you could spend your money, give it away or whatever.

You still think the stock market is the best investment and you expect an upside in the long run. The more people think this way, the more likely the market will move up.
That’s not quite being indifferent.

Submitted by Coronita on February 21, 2018 - 1:34pm.

FlyerInHi wrote:
Flu, if you truly indifferent like an economist would define “indifferent” then why put your money in the stock market? There are so many ways you could spend your money, give it away or whatever.

You still think the stock market is the best investment and you expect an upside in the long run. The more people think this way, the more likely the market will move up.
That’s not quite being indifferent.

the long term returns of the stock market is isn't bad. just like long term outlook on some real estate isn't bad. Cash earning nothing is pretty bad imho.

Submitted by FlyerInHi on February 21, 2018 - 4:07pm.

flu wrote:

the long term returns of the stock market is isn't bad. just like long term outlook on some real estate isn't bad. Cash earning nothing is pretty bad imho.

I agree. I do believe the stock market represents a globalized economy where trade and investments drive growth.
Long term, real estate is about demographics. Will the areas be able to attract residents?

I don't understand the concept or even the desire that idle cash should return inflation or more. You have to do work and invest cash somewhere to make more money.

Submitted by The-Shoveler on February 21, 2018 - 4:36pm.

I don't know, people who bought long term treasures or 13% CD's back in the late 80's did fairly well.

If I could get 5% FDIC CD's like I could in 2005 I think I would be happy (well for a while).

Submitted by kev374 on February 22, 2018 - 6:04pm.

market is up today, perhaps the worst is over and Feb 9 was a bottom of sorts, at least for the near term. I seriously doubt we are going back to those lows. I missed the buying opportunity though. Many experts are predicting 3000 S&P by Dec.

Submitted by spdrun on February 22, 2018 - 6:34pm.

DOW was up. S&P was barely flat, NASDAQ and R2K were down.

Hopefully the peaks in Jan 2018 were the peaks till the next dump.

Submitted by ltsddd on February 22, 2018 - 11:49pm.

spdrun wrote:
DOW was up. S&P was barely flat, NASDAQ and R2K were down.

Hopefully the peaks in Jan 2018 were the peaks till the next dump.

The last "dump" before this recent one was January 2016. I don't mind another 2-year run-up

Submitted by spdrun on February 23, 2018 - 4:39am.

Nah, stocks got screwed hard (down almost 20%) just before the Nov 2016 election. Personally, I hope this dump portends greater things, sort of like in summer of 2007, a year before the massive 2008 chaotic opportunity. Here's to chaos, and opportunity.

Submitted by Coronita on February 23, 2018 - 7:13am.

I don't know. I bought 8000 shares of CHK when it dipped to below $3...

it's a shitty company.... but that's what people said about AMD when I also bought about 8000 shares when it was around that same price......

But at least I don't call this "investing"......I call this buying lottery tickets with slightly better odds, lol.

over the long period I think my indexes still consistently beat....

A Qualcomm buyout or the rumored massive layoff in 2 weeks to save $1billion should reward shareholders handsomely...not.to mention accelerate the retirement of a lot of old resters and vesters.

Submitted by ltsddd on February 23, 2018 - 12:11pm.

spdrun wrote:
Nah, stocks got screwed hard (down almost 20%) just before the Nov 2016 election.

Oct 2016: Dow -0.91%, S&P -1.94%, Russel 2000 -4.81%
Nov 2016: Dow +5.41%, S&P +3.42%, Russel 2000 +10.99%

Submitted by kev374 on February 26, 2018 - 11:04am.

stocks are going to the moon again... S&P 3000 shortly, DOW 30,000 is predicted by year end and now I believe it. Nothing seems to be fazing this market. The market knows that the Fed will backstop any losses in the market, the Fed has essentially become Wall Street's bailout engine.

Submitted by Coronita on February 28, 2018 - 1:27pm.

kev374 wrote:
stocks are going to the moon again... S&P 3000 shortly, DOW 30,000 is predicted by year end and now I believe it. Nothing seems to be fazing this market. The market knows that the Fed will backstop any losses in the market, the Fed has essentially become Wall Street's bailout engine.

it's the end of the month. time to make the regular monthly purchases....

Submitted by Coronita on March 1, 2018 - 12:07pm.

ouch. another big drop today.....lol....

Submitted by spdrun on March 1, 2018 - 1:04pm.

The Hope Hicks Effect? Last sane person leaves a sinking swamp barge?

Submitted by FlyerInHi on March 1, 2018 - 1:47pm.

spdrun wrote:
The Hope Hicks Effect? Last sane person leaves a sinking swamp barge?

Is she sane? She defended and enabled her bf who is a wife beater. If she continues seeing him, she will have it coming to her.

Submitted by FlyerInHi on March 1, 2018 - 2:10pm.

Steel and aluminum tariffs will result in mini trade war. China is likely to retaliate with tariffs on agricultural products

And Putin announcing nuclear weapons.

Submitted by FlyerInHi on March 2, 2018 - 11:07pm.

I am wondering about the US Dollar’s long term future.
We could be entering a world where globalization moves ahead bypassing the US. I can see Trump withdrawing from WTO if there is a ruling against the US
Meanwhile TPP is moving ahead without us.

Trump could get re-elected.

What investments should global citizens of modest means consider?

Submitted by kev374 on March 6, 2018 - 12:45am.

markets went screaming up today.. at least Wall St is calling BS on a trade war possibility.

Submitted by Coronita on March 6, 2018 - 8:43pm.

kev374 wrote:
markets went screaming up today.. at least Wall St is calling BS on a trade war possibility.

Lol. Have you noticed every time you make a post raving about how strong the market is and how it's recovering, the market corrects the next day?

Cohn resigns. Futures way off....

Submitted by FlyerInHi on March 6, 2018 - 9:20pm.

flu wrote:

Cohn resigns. Futures way off....

It's going to be interesting to watch.

Submitted by kev374 on March 6, 2018 - 11:08pm.

market will be down tomorrow morning, will rally again in the afternoon and next week all will be forgotten. Bad news has not fazed this market in the past.. too much euphoria right now for the markets to care.

Submitted by Coronita on March 7, 2018 - 8:26am.

. you can

Submitted by FlyerInHi on March 7, 2018 - 10:01am.

Watch an embattled Trump withdraw from NAFTA and WTO. His old economy base would love it. That’s all he’s got left.
When Trump is cornered, he lashes out. He only cares about himself. Screw the economy.

Submitted by Coronita on March 7, 2018 - 10:15am.

I think what's going to happen is the markets are going to get totally trashed this year. folks that are invested for the long term that follow the regular dollar cost averaging thing will be ok. people that speculate and out all their eggs in one basket will take a hit and when interest rates move higher, they'll sell to cut their losses and move into a safer CD or something like that. once the helicopter speculators leave the markets ,we'll see more predictability. Good opportunity imho for folks to accumulate during the downs and ups bit by bit. almost effortlessly. short term pain for long term gain.

suddenly I don't feel so bad building a $45k Miata. lol. it would have been flushed down the tubes by some Trump tweets. lol

Submitted by FlyerInHi on March 7, 2018 - 10:30am.

What is long term, Flu? What happens in 10 years when the deficit and Federal debt are unmanageable? I remember the dire predictions of the past.

Submitted by Coronita on March 7, 2018 - 10:40am.

FlyerInHi wrote:
What is long term, Flu? What happens in 10 years when the deficit and Federal debt are unmanageable? I remember the dire predictions of the past.

don't know. the way I figure. I have money now to live and enjoy a reasonable life. rest goes to the future for kid and etc. long term maybe another 10-20years?

by then this country will have fully embraced socialism....good time to move money out of the country probably. I am kidding..... sort of.

Submitted by The-Shoveler on March 7, 2018 - 2:27pm.

flu wrote:
FlyerInHi wrote:
What is long term, Flu? What happens in 10 years when the deficit and Federal debt are unmanageable? I remember the dire predictions of the past.

don't know. the way I figure. I have money now to live and enjoy a reasonable life. rest goes to the future for kid and etc. long term maybe another 10-20years?

by then this country will have fully embraced socialism....good time to move money out of the country probably. I am kidding..... sort of.

This is where those trillion dollar coins come in handy LOL.

Seriously in twenty years I hope our robot overlords will be more like wall-e than terminator LOL.

Inflation anyone?

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