steff
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I'll sleep when I'm dead
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Post by steff on Feb 5, 2018 15:15:44 GMT -5
-1100... it will trigger a stop soon? 7% loss is when the trigger kicks in. -1016
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dondub
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The meek shall indeed inherit the earth but only after the Visigoths are done with it.
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Post by dondub on Feb 5, 2018 15:15:46 GMT -5
-1494
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Deleted
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Post by Deleted on Feb 5, 2018 15:16:18 GMT -5
Slight memories of 09 even thought we are nowhere near that volatility or drop, I recall people were freaking out at work and pulling out of the market in the middle of meetings. The big difference for me is that I now have a taxable account, that drop feels more real than retirement accounts, I also have it in my 73/27 asset allocation with muni bonds.
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ken a.k.a OMK
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They killed Kenny, the bastards.
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Post by ken a.k.a OMK on Feb 5, 2018 15:40:56 GMT -5
Around 2008 there was a big drop. We were still working but planning to retire in a few years so we put as much into the market as we could (buy low). We made it all back and more and retired in 2010. Now we aren't working or contributing, but also not taking out, except for MRD. So in the last 2 days I lost about $100k on paper. It will come back.
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steff
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I'll sleep when I'm dead
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Post by steff on Feb 5, 2018 16:03:07 GMT -5
Biggest 1 day drop in history -1,179
Anyone think *he who shall not be named* will even say a word about it? Probably not
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Phoenix84
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Post by Phoenix84 on Feb 5, 2018 16:07:09 GMT -5
I am thinking the fear of rising interest rates That’s what I’ve been reading, and the associated fear of inflation.
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Gardening Grandma
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Post by Gardening Grandma on Feb 5, 2018 16:29:09 GMT -5
So is Stable Genius going to say anything? He was quick to take credit when it went up
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Deleted
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Post by Deleted on Feb 5, 2018 16:29:49 GMT -5
He’s too busy calling Dems treasonous for not applauding him at the sotu...
Points record, but not percentage...
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dondub
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The meek shall indeed inherit the earth but only after the Visigoths are done with it.
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Post by dondub on Feb 5, 2018 16:47:14 GMT -5
If anything he'll claim this is one of the bigliest buying opportunities that he will ever present to the American people.
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happyhoix
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Post by happyhoix on Feb 5, 2018 17:08:59 GMT -5
Biggest 1 day drop in history -1,179 Anyone think *he who shall not be named* will even say a word about it? Probably not He has to figure out how to blame it on the dems before the tweet storm starts.
Someone will find a Chinese stamp stuck to the bottom of Nancy Pelosi's shoe and within 24 hours Nunes will have a memo about how the Dems colluded with China to make the market unstable just to make Trump look bad.
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happyhoix
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Post by happyhoix on Feb 5, 2018 17:11:23 GMT -5
My own pet theory is that Janet Yellen put the bad mojo on the economy when Trump failed to appoint her to a second term.
She did just comment on Friday that the economy was overheated.
LOCK HER UP!
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Deleted
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Post by Deleted on Feb 5, 2018 18:07:03 GMT -5
I'm waiting for Trump to tell the Fed not to raise the interest rate. Because, you know, he can tell everyone what to do now that he is the omnipotent one...
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NastyWoman
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Post by NastyWoman on Feb 5, 2018 18:10:43 GMT -5
Biggest 1 day drop in history -1,179 Anyone think * he who shall not be named* will even say a word about it? Probably not Voldemort must have gotten tired of winning from MAGA to MASA
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busymom
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Why is the rum always gone? Oh...that's why.
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Post by busymom on Feb 5, 2018 18:21:32 GMT -5
Don't check your holdings. It's depressing. MAGA my a$$.
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djAdvocate
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Post by djAdvocate on Feb 5, 2018 21:47:36 GMT -5
that was a good catch. i got out this morning, at -100. i kinda figured i would regret it. i was wrong.
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djAdvocate
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Post by djAdvocate on Feb 5, 2018 21:49:36 GMT -5
Biggest 1 day drop in history -1,179 Anyone think *he who shall not be named* will even say a word about it? Probably not of course not. just like polling numbers, he only reports them when they are good. here is a little thought experiment for you: what would this president do in a situation of genuine crisis? think about it.
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ken a.k.a OMK
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They killed Kenny, the bastards.
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Post by ken a.k.a OMK on Feb 5, 2018 21:49:54 GMT -5
I wish I had money to invest but I'm retired and just watching.
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djAdvocate
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Post by djAdvocate on Feb 5, 2018 21:51:47 GMT -5
If anything he'll claim this is one of the bigliest buying opportunities that he will ever present to the American people. he's welcome to my shares. actually: to be clear, i didn't bail completely this morning. i just got 40% out.
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djAdvocate
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Post by djAdvocate on Feb 5, 2018 21:52:24 GMT -5
I wish I had money to invest but I'm retired and just watching. investing DURING retirement is probably not the best idea.
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ken a.k.a OMK
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They killed Kenny, the bastards.
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Post by ken a.k.a OMK on Feb 5, 2018 21:54:18 GMT -5
Push his big nuclear button? Fire people and hire the smartest? Look into the mirror and tell himself he's the greatest? Go to his resort and play golf? So many choices. He's demonstrated such leadership.
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steff
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Post by steff on Feb 5, 2018 21:54:54 GMT -5
that was a good catch. i got out this morning, at -100. i kinda figured i would regret it. i was wrong. It was one of those days that my mom & I say that we learned a little more about how our country works. That's the silver lining to *he who shall not be named* that we've found. She & I were on the phone together watching it drop for several hours this afternoon. Even changed the channel over to CNBC to the financial gurus. Didn't understand most of what they said, but it was the tone that I was listening to that was interesting. A little bit of panic while trying to say it's a big deal but not a BIG deal. It's not a correction, but it's correcting. But because we watched it that way, we were glued to the drop all afternoon. It flirted with the -1,690's for about 3 seconds before coming back down. At that 1,600's number the panic in the voices picked up & they started talking in % instead of points. Again, had no clue what they were saying.
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ken a.k.a OMK
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They killed Kenny, the bastards.
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Post by ken a.k.a OMK on Feb 5, 2018 21:58:31 GMT -5
Just had to take my second RMD and don't know what i'll spend it on. My wife has some ideas. Next year she starts. Although we both had good salaries, the RMD's and all the retirement income put us above what we made working.
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steff
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Post by steff on Feb 5, 2018 22:12:02 GMT -5
just read that DOW futures are down -1050. Opening bell tomorrow is going to be brutal & tomorrow is going to be a very bad day for our 401K.
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djAdvocate
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Post by djAdvocate on Feb 5, 2018 22:17:37 GMT -5
just read that DOW futures are down -1050. Opening bell tomorrow is going to be brutal & tomorrow is going to be a very bad day for our 401K. the future's market is not always an accurate predictor. that having been said, that is a TERRIBLE number.
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Deleted
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Post by Deleted on Feb 5, 2018 23:32:28 GMT -5
The Heng Seng and Nikkei are predictors and they took a bath in today's trading in the east. I think tomorrow we will see another 1K+ drop.
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Gardening Grandma
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Post by Gardening Grandma on Feb 6, 2018 0:24:40 GMT -5
Just had to take my second RMD and don't know what i'll spend it on. My wife has some ideas. Next year she starts. Although we both had good salaries, the RMD's and all the retirement income put us above what we made working. Yeah. DH and I were heavy savers during our working years. Our combined take home incomes now are higher than when we were working..... But so are some expenses (esp healthcare expensrs)
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djAdvocate
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Post by djAdvocate on Feb 6, 2018 1:42:58 GMT -5
The Heng Seng and Nikkei are predictors and they took a bath in today's trading in the east. I think tomorrow we will see another 1K+ drop. i am a big believer in momentum. it is the reason i rode the market to 26k, even though the fundamentals were long gone (before Trump even took office). the momentum is terrible right now. i would not be surprised to see the market shatter the lows of the 5th. the morning opening should give us a clear indication of where we are heading. i suspect it won't be good. here is a quick aside: when everyone starts talking positively about the market, including the president, the gig is up, imo. that is why i got out. i don't like all of the johnny come latelies. it wasn't good in 2000, and it was not good in 2017. but hey, i could be wrong. the dow might be at 30k in 3 months. but imo, it is more likely to be at 20k.
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happyhoix
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Post by happyhoix on Feb 6, 2018 8:31:07 GMT -5
Biggest 1 day drop in history -1,179 Anyone think *he who shall not be named* will even say a word about it? Probably not of course not. just like polling numbers, he only reports them when they are good. here is a little thought experiment for you: what would this president do in a situation of genuine crisis? think about it. I used to work with a facility manager who was Trump's temperament twin, so I can tell you with authority what would happen.
He would sit in his office on the phone calling various people, bitching about how someone else caused this problem, whining about how he might not get his bonus do to other people fucking up, while a handful of people in another room figured out how to mitigate the problem, and worked to fix it.
Then in the aftermath, he would take credit for mitigating the disaster, then collect his whole bonus without once thanking or even acknowledging the people who got his ass out of the crack to begin with. And also whine that his bonus wasn't big enough to offset all the thought and work he put into running this place.
So our hope rests on Trump's subordinates being calm, capable people who can act quickly in an emergency.
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happyhoix
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Post by happyhoix on Feb 6, 2018 10:55:50 GMT -5
The market has been waaaay over valued for some time. I am no market genius, but it is apparent even to me. This could ride down 5,000 points over the next few months and not be out of wack where the numbers should be based on fundamentals, starting with P/E. One of the reasons it rode so high was money looking for a place to go. We have just had a small rise in interest rates, and government borrowing is going to increase. Something had to tip the market back down toward something resembling rationality. Having cash on the side may be very handy 6 months to two years from now. Forgot to include- in my very humble opinion. Yes, it's been overheated for a while.
That's why when Trump boasted about how red hot the stock market was, I would think 'yeah, but that's not usually a good thing....' It's usually red hot right before it corrects itself.
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djAdvocate
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Post by djAdvocate on Feb 6, 2018 11:06:23 GMT -5
just read that DOW futures are down -1050. Opening bell tomorrow is going to be brutal & tomorrow is going to be a very bad day for our 401K. yeah, that was not a bad opening. a much softer landing than predicted, and lots of buying going on. the market needs a couple of days to convince itself what it is doing. but this is a good start.
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