Down down 1547 today, on top of 666 Friday, and the day is not over yet. Actually, I got out on Friday...
What's going on with the stock market - part 2
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Total massacre, worst point drop in history, -1176??!? Wife didn't take my advice. We may have saved those DMA-500 amps!
What's the problem ? Does anyone think it will just continue to go up un-abated ? Even after today...the market is still up 35% since Trump !
The market got way ahead of itself; market volatility reached lows not seen since 2007.
While the economic recovery is the 3rd longest on record, corporate balance sheets are in great shape, corporate profits have been very healthy, and we just gave companies $620 trillion in tax breaks over the next decade. In the last few weeks, US corporate credit spreads have actually tightened and have reached post financial-crisis cyclical lows (bondholders don't seem too worried about impending doom). Economies around the world are in pretty good shape with many on the upswing.
If you're easily spooked by a 5-10% drop in equities maybe you shouldn't own stocks.
While the economic recovery is the 3rd longest on record, corporate balance sheets are in great shape, corporate profits have been very healthy, and we just gave companies $620 trillion in tax breaks over the next decade. In the last few weeks, US corporate credit spreads have actually tightened and have reached post financial-crisis cyclical lows (bondholders don't seem too worried about impending doom). Economies around the world are in pretty good shape with many on the upswing.
If you're easily spooked by a 5-10% drop in equities maybe you shouldn't own stocks.
Valentine's Day's coming up, it's normal; people are cashing in for sweetheart's gifts, cruise ships, vacations, pay the bills after Bitcoin's fall from hacker's grace, ...all that usual financial jazz.
Also, mismanagement @ the Pentagon...$150 million, Tesla, climate change's effects, hurricanes, forest fires, ...all those high costs on the financial world stage...dealings with China, Russia, and other countries were financial sanctions are taking effect.
It's a combination of many economic and natural disasters. We ain't out of the woods yet. Market watchers, prediction analysts are busy.
Also, mismanagement @ the Pentagon...$150 million, Tesla, climate change's effects, hurricanes, forest fires, ...all those high costs on the financial world stage...dealings with China, Russia, and other countries were financial sanctions are taking effect.
It's a combination of many economic and natural disasters. We ain't out of the woods yet. Market watchers, prediction analysts are busy.
What they say on the news?
• https://www.theguardian.com/business/2018/feb/05/why-are-global-stock-markets-falling
• https://www.cnbc.com/2018/02/05/why-the-stock-market-plunged-today.html
Fear, fear of interest rate's hike. ...And no clear fundamental. ...People's spending. ...The US president's tax cut plan. ...The budget. Fear, lack of confidence. Taxes.
Ok, I was off a little.The president state-of-the-union speech, few economic lies, ...numbers that don't add up, ....
Interest rates, inflation.
• https://www.express.co.uk/finance/city/914843/Dow-Jones-industrial-average-today-down-why-crash
• https://www.nytimes.com/2018/02/05/business/stocks-equities-dow-markets.html
• https://www.theguardian.com/business/2018/feb/05/why-are-global-stock-markets-falling
• https://www.cnbc.com/2018/02/05/why-the-stock-market-plunged-today.html
Fear, fear of interest rate's hike. ...And no clear fundamental. ...People's spending. ...The US president's tax cut plan. ...The budget. Fear, lack of confidence. Taxes.
Ok, I was off a little.The president state-of-the-union speech, few economic lies, ...numbers that don't add up, ....
Interest rates, inflation.
• https://www.express.co.uk/finance/city/914843/Dow-Jones-industrial-average-today-down-why-crash
• https://www.nytimes.com/2018/02/05/business/stocks-equities-dow-markets.html
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It makes almost no difference on what the specific cause of the drop was. The market has always had a correction. Always.
And as someone said above, the economy is strong, unemployment is improving, etc. And that interest rates are going up can be no surprise. It was only a matter of time.
And as someone said above, the economy is strong, unemployment is improving, etc. And that interest rates are going up can be no surprise. It was only a matter of time.
You are right Chuck, we don't know all that is happening behind the curtains, even the top experts cannot predict what the stock market will do next. I was speculating without seriousness, like all speculators.
Today it's on a slight rebound.
Today it's on a slight rebound.
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