BaconHound Posted February 5, 2018 Report Posted February 5, 2018 http://abcnews.go.com/Business/dow-drops-1500-points/story?id=52854673 Begin the spin.
Westside Steve Posted February 5, 2018 Report Posted February 5, 2018 2 minutes ago, BaconHound said: http://abcnews.go.com/Business/dow-drops-1500-points/story?id=52854673 Begin the spin. How about this... It will be back. Come off the ledge bacon! WSS
The Cysko Kid Posted February 5, 2018 Report Posted February 5, 2018 Christ. I am so sick of the internet meme generation chicken little-ing over everything.
DieHardBrownsFan Posted February 6, 2018 Report Posted February 6, 2018 It goes up for a frigging year, comes down 2 days and the left is beating off.
OldBrownsFan Posted February 6, 2018 Report Posted February 6, 2018 The economy is sound and doing better than ever. This is a correction in the market most knew we were due for.
Westside Steve Posted February 6, 2018 Report Posted February 6, 2018 And here's my prediction. It will come back and when it does the Democrats will start claiming that it's Obama's policies we should thank for the recovery. WSS
BaconHound Posted February 6, 2018 Author Report Posted February 6, 2018 The Trumpettes are getting louder. Biggest single day drop in history, pay no attention nothing to see here 😳
Canton Dawg Posted February 6, 2018 Report Posted February 6, 2018 No need to be concerned, the Dow is only down a few “CRUMBS”.
Canton Dawg Posted February 6, 2018 Report Posted February 6, 2018 500 point drop in 1987 = 22%. 500 point drop in 2017 = 2%. Focus on the percentage, not the points.
htownbrown Posted February 6, 2018 Report Posted February 6, 2018 https://www.dailywire.com/news/26776/breaking-dow-plunges-1500-points-sp-500-now-ryan-saavedra
TexasAg1969 Posted February 6, 2018 Report Posted February 6, 2018 8 hours ago, Canton Dawg said: 500 point drop in 1987 = 22%. 500 point drop in 2017 = 2%. Focus on the percentage, not the points. Absolutely. If you have cash saved aside to invest, now is the time to find really fine bargains in excellent companies whose bottom lines will remain very strong. I was lucky to get out of a few at the beginning of Jan. to raise cash for my 2018 required minimum distribution from a stock based IRA. I dropped several that I felt had played out and kept several that will resist any further downswings in the long run. The market was overdue for a strong correction. That is just normal.
Canton Dawg Posted February 6, 2018 Report Posted February 6, 2018 23 minutes ago, TexasAg1969 said: Absolutely. If you have cash saved aside to invest, now is the time to find really fine bargains in excellent companies whose bottom lines will remain very strong. I was lucky to get out of a few at the beginning of Jan. to raise cash for my 2018 required minimum distribution from a stock based IRA. I dropped several that I felt had played out and kept several that will resist any further downswings in the long run. The market was overdue for a strong correction. That is just normal. Couldn't agree more, stocks are now on sale.
LogicIsForSquares Posted February 6, 2018 Report Posted February 6, 2018 I am by no means a "Trumpette" but the stock market has ebbs and flows. Thus you get an opportunity to buy now.
Westside Steve Posted February 6, 2018 Report Posted February 6, 2018 3 hours ago, TexasAg1969 said: Absolutely. If you have cash saved aside to invest, now is the time to find really fine bargains in excellent companies whose bottom lines will remain very strong. I was lucky to get out of a few at the beginning of Jan. to raise cash for my 2018 required minimum distribution from a stock based IRA. I dropped several that I felt had played out and kept several that will resist any further downswings in the long run. The market was overdue for a strong correction. That is just normal. Exactly. The first rule in the Buy Low sell High recommendation is to buy low. I just checked and I noticed a bite out of my bottom line. I'm assuming the managers of the dozen or so funds are busy as we speak WSS
TexasAg1969 Posted February 6, 2018 Report Posted February 6, 2018 35 minutes ago, Westside Steve said: Exactly. The first rule in the Buy Low sell High recommendation is to buy low. I just checked and I noticed a bite out of my bottom line. I'm assuming the managers of the dozen or so funds are busy as we speak WSS I got a personal note from my stockbroker saying not to panic because we had done all our homework and were well spread out with quality stocks for the long run, balanced well with other more stable things that provide dividends with low volatility in price. Everything in those funds is set for automatic reinvestment of dividends with no stockbroker fees involved, so the dividends are buying at lower prices. I have a separate IRA with a major chunk of "doomsday" Swiss Gold ETF when Trump finally twists off and nukes his buddy.LOL! EDIT: When i was cashing out my required minimum distribution last month instead of waiting until Dec. like I could have, I told him then I wanted cash delivered now because I felt that after a strong 2017 and a strong start again in 2018, I felt (cal will love that one) the market was far overdue for a major correction. I wanted to cash out as required before the correction I saw coming. Now I really did not expect it this soon, but here it is.
Westside Steve Posted February 6, 2018 Report Posted February 6, 2018 Yes I talked to my guy a couple of weeks ago and we agreed that there was a correction coming. That's why I made the joke with him about switching everything over the day before. Mandatory distribution sounds like annuities. I'm not even concerned yet just because points and percent are different as was pointed out. If worse comes to worse I have a big jar of change laying around here somewhere. WSS
TexasAg1969 Posted February 6, 2018 Report Posted February 6, 2018 47 minutes ago, Westside Steve said: Yes I talked to my guy a couple of weeks ago and we agreed that there was a correction coming. That's why I made the joke with him about switching everything over the day before. Mandatory distribution sounds like annuities. I'm not even concerned yet just because points and percent are different as was pointed out. If worse comes to worse I have a big jar of change laying around here somewhere. WSS Mandatory from IRAs start the year you turn 70 1/2. I would rather have left it alone, but it was an opportunity this year to at least take some before the correction. Had to take some last year too using that same weed out the top-enders process. Here's a little assessment I found on the internet this morning which I think is accurate: Mark Bern from seekinglpha.com: "Conclusion We believe that the case for continuing this bull market advance is stronger than that for an immediate bear market. We could get a correction of more than 10% but we could also get a pull back of less magnitude. The market needs to take a breath and rest so it can build a foundation from which to launch another leg higher. So, we still believe that the bull market will remain intact but that the current selling could provide some unique opportunities to find a few select, quality companies at reasonable valuations."
Westside Steve Posted February 6, 2018 Report Posted February 6, 2018 Ahhhhh I didn't realize you were that old. WSS
DieHardBrownsFan Posted February 6, 2018 Report Posted February 6, 2018 9 minutes ago, Westside Steve said: Ahhhhh I didn't realize you were that old. WSS He's not old, he's ancient
calfoxwc Posted February 6, 2018 Report Posted February 6, 2018 16 hours ago, BaconHound said: http://abcnews.go.com/Business/dow-drops-1500-points/story?id=52854673 Begin the spin. emotional knee jerkie. of course there are corrections. geez.
DieHardBrownsFan Posted February 6, 2018 Report Posted February 6, 2018 And up almost 570 today! MAGA!
calfoxwc Posted February 6, 2018 Report Posted February 6, 2018 anybody think bacon will start a thread on how it went back up again today? lol
Westside Steve Posted February 6, 2018 Report Posted February 6, 2018 14 minutes ago, calfoxwc said: anybody think bacon will start a thread on how it went back up again today? lol https://www.cnbc.com/2018/02/06/us-stock-futures-dow-data-earnings-market-sell-off-and-politics-on-the-agenda.html Finally Obama's policies have kicked back in. WSS
Canton Dawg Posted February 6, 2018 Report Posted February 6, 2018 1 hour ago, calfoxwc said: anybody think bacon will start a thread on how it went back up again today? lol Of course not, she’s an Obammy shill.
TexasAg1969 Posted February 7, 2018 Report Posted February 7, 2018 8 hours ago, DieHardBrownsFan said: He's not old, he's ancient Teddy told me I looked pretty good back in the day. No not Kennedy........................................................Roosevelt.
tiamat63 Posted February 7, 2018 Report Posted February 7, 2018 So did el' Presidente shoot himself out of a canon yet or.......?
Westside Steve Posted February 7, 2018 Report Posted February 7, 2018 3 hours ago, tiamat63 said: So did el' Presidente shoot himself out of a canon yet or.......? Tia, looks like you got sucked in by the fake news. https://www.snopes.com/did-trump-tweet-president-dow-joans/ WSS
tiamat63 Posted February 7, 2018 Report Posted February 7, 2018 2 hours ago, Westside Steve said: Tia, looks like you got sucked in by the fake news. https://www.snopes.com/did-trump-tweet-president-dow-joans/ WSS Yep... I know that. Just lightening the mood.
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