Anyone else enjoying watching the DOW tank today?

Juan Williams is complaining about record guns sales right now. Where? California 

I would give some commentary, but it would be like trying to explain the Trump stock bubble to the right 

Philippine Destiny wrote:

I said it could go down to 12k, but I think it could go down to 0. Not joking. This has the potential to reset civilization. "Potential" not saying it is going there. A month ago no one foresaw a 33% drop. Those buying the dips right now might be likened to the people gathering fish on the beach during  an unexpected and unusually low tide. Those good old boys were drinking whiskey and rye.

Yup there will ALWAYS be a Bigger fish waiting to gobble up the stubborn little fish.
I'd love a decent wiskey and rye...but all I can afford right now is
the local tanduay!

The stock market amuses me.
The little minnows come along and make a small fortune, then the sharks smell a meal so they set themselves up for a kill. The minnows lose their shirts, the sharks get fat.
Then along comes a new shoal of minnows, all smelling a little profit, and none caring the last lot are shark poop.

Happens every time, then happens again..

Fred wrote:

The stock market amuses me.
The little minnows come along and make a small fortune, then the sharks smell a meal so they set themselves up for a kill. The minnows lose their shirts, the sharks get fat.
Then along comes a new shoal of minnows, all smelling a little profit, and none caring the last lot are shark poop.

Happens every time, then happens again..

All the suits that were patting themselves on the back a month ago because they are so knowledgeable about the "fundamentals". They jumped into a ponzi scheme and now they are jumping out of windows.

The sad part is all of the ordinary joes whose 401ks and employer pensions were invested in this death trap.

Fred wrote:

The stock market amuses me.
The little minnows come along and make a small fortune, then the sharks smell a meal so they set themselves up for a kill. The minnows lose their shirts, the sharks get fat.
Then along comes a new shoal of minnows, all smelling a little profit, and none caring the last lot are shark poop.

Happens every time, then happens again..

Hahahaha....thats just before the 'Whale' finally comes & gobbles up everyone and everything!

President Trump's current Sec. Treas. is Steve Mnunchin. Mnunchin and a group of cohorts took over a California mortgage lender a decade or so ago. He immediately foreclosed on tens of thousands of California home owners who were in default on their sub prime home loans. The hard earned wages of those former home owners is in the bank account of the US Secretary of State today. He made hundreds of millions of dollars.

What enabled him to do this?

Dodd Frank

Telling the truth is not about seeking approval or getting likes. It's about telling the truth.

There is always a group of people who will hate any truth told. They can't handle it. They want to hear lies that reinforce their bias. They'll like that crap all the way to the bottom of the cliff.

There is no maga and there is no free stuff for the free stuff army either. Now there is a statement everyone can hate. Unity at last.

Philippine Destiny wrote:

Telling the truth is not about seeking approval or getting likes. It's about telling the truth.

There is always a group of people who will hate any truth told. They can't handle it. They want to hear lies that reinforce their bias. They'll like that crap all the way to the bottom of the cliff.

There is no maga and there is no free stuff for the free stuff army either. Now there is a statement everyone can hate. Unity at last.

'Ground Zero' will Unify for sure!

manwonder wrote:

Philippine Destiny wrote:

Telling the truth is not about seeking approval or getting likes. It's about telling the truth.

There is always a group of people who will hate any truth told. They can't handle it. They want to hear lies that reinforce their bias. They'll like that crap all the way to the bottom of the cliff.

There is no maga and there is no free stuff for the free stuff army either. Now there is a statement everyone can hate. Unity at last.

'Ground Zero' will Unify for sure!

it always does again and again

people love reruns

The 1929 crash was no accident. The banks and government did not make an error when they allowed stocks to be bought on up to 95% margin. They did that to bring in more and more of  the common people. Then when they got them all in they crashed the market and fleeced them all.

This author givse a case where the lending was 2/3 face value, but I was taught that it was up to 95% decades ago

By August 1929, brokers had lent small investors more than two-thirds of the face value of the stocks they were buying on margin – more than $8.5bn was out on loan.

https://web.archive.org/web/20081003034 … 07658.html

So who is running who? Does the government regulate the banks and wallstreet or does wallsteet and the banks regulate the government?

Philippine Destiny wrote:

The 1929 crash was no accident. The banks and government did not make an error when they allowed stocks to be bought on up to 95% margin. They did that to bring in more and more of  the common people. Then when they got them all in they crashed the market and fleeced them all.

This author givse a case where the lending was 2/3 face value, but I was taught that it was up to 95% decades ago

By August 1929, brokers had lent small investors more than two-thirds of the face value of the stocks they were buying on margin – more than $8.5bn was out on loan.

https://web.archive.org/web/20081003034 … 07658.html

So who is running who? Does the government regulate the banks and wallstreet or does wallsteet and the banks regulate the government?

Life will find a way...after this RESET the next generation of children will have their fair share of happiness/economic success when the new world order is set in place....Our baby boomers generation has had it good all these years...so its about time to handover the reins!

I'm down 10% since this all started as I'm a very conservative investor. Always ignore their recommendations to be more weighted in stocks, although I did slip up and buy too much international stock at beg of the year when I rebalanced.. that's almost half my loss, darn it.

manwonder wrote:

Philippine Destiny wrote:

The 1929 crash was no accident. The banks and government did not make an error when they allowed stocks to be bought on up to 95% margin. They did that to bring in more and more of  the common people. Then when they got them all in they crashed the market and fleeced them all.

This author givse a case where the lending was 2/3 face value, but I was taught that it was up to 95% decades ago

By August 1929, brokers had lent small investors more than two-thirds of the face value of the stocks they were buying on margin – more than $8.5bn was out on loan.

https://web.archive.org/web/20081003034 … 07658.html

So who is running who? Does the government regulate the banks and wallstreet or does wallsteet and the banks regulate the government?

Life will find a way...after this RESET the next generation of children will have their fare share of happiness/economic success when the new world order is set in place....Our baby boomers generation has had it good all these years...so its about time to handover the reins!

I personally do not think the industrial revolution should have ever happened.

And the growth of trade at the end of the 13th century was a direct cause of the black plague.

People were meant to work the land, raise families and teach their kids to do what their ancient ancestors had done. But too many people want to be rich and rule over others.

The same breakthroughs that we are told had been our salvation have now come full circle to destroy us. This is a paraphrase from one of my friends who works for a certain US government agency in a bio field. Many of them say such things. This is not something that should be squelched. People need to know.

pnwcyclist wrote:

I'm down 10% since this all started as I'm a very conservative investor. Always ignore their recommendations to be more weighted in stocks, although I did slip up and buy too much international stock at beg of the year when I rebalanced.. that's almost half my loss, darn it.

I am putting everything into toilet paper. Or dollars. They will each serve the same purpose in a year or two.

Philippine Destiny wrote:

pnwcyclist wrote:

I'm down 10% since this all started as I'm a very conservative investor. Always ignore their recommendations to be more weighted in stocks, although I did slip up and buy too much international stock at beg of the year when I rebalanced.. that's almost half my loss, darn it.

I am putting everything into toilet paper. Or dollars. They will each serve the same purpose in a year or two.

Maybe i'll pay more attention now on how to plant seeds and grow crops/catch fish....don't have the slightest clue where to begin!...but hey I am here now and can easily pick it up!

manwonder wrote:

Philippine Destiny wrote:

pnwcyclist wrote:

I'm down 10% since this all started as I'm a very conservative investor. Always ignore their recommendations to be more weighted in stocks, although I did slip up and buy too much international stock at beg of the year when I rebalanced.. that's almost half my loss, darn it.

I am putting everything into toilet paper. Or dollars. They will each serve the same purpose in a year or two.

Maybe i'll pay more attention now on how to plant seeds and grow crops/catch fish....don't have the slightest clue where to begin!...but hey I am here now and can easily pick it up!

News just in ....Malaysia has implemented a total "Lock Down" no in or out for anyone...huge turmoil going on there as well as across both causeways Singapore on one side and Thailand on the other & everyone is in panic mode!

Sorry to be a little off topic!

manwonder wrote:

Philippine Destiny wrote:

pnwcyclist wrote:

I'm down 10% since this all started as I'm a very conservative investor. Always ignore their recommendations to be more weighted in stocks, although I did slip up and buy too much international stock at beg of the year when I rebalanced.. that's almost half my loss, darn it.

I am putting everything into toilet paper. Or dollars. They will each serve the same purpose in a year or two.

Maybe i'll pay more attention now on how to plant seeds and grow crops/catch fish....don't have the slightest clue where to begin!...but hey I am here now and can easily pick it up!

I have a new appreciation for my neighbor's 20 dogs 

Think about this drop.  There is no logical reason for losing 33% in 2 weeks over a short term shutdown.  Not if the fundamentals are solid. Not if the value is there. You lose that much in that amount of time when it's a ponzi scheme and the value is over blown.

I don't know. I could be wrong. If there is an expert on here I would love to be corrected.

I think it will all come back as soon as the all clear is given.

they will drive it up again and repeat this in the future when they are given an excuse.

Philippine Destiny wrote:

Think about this drop.  There is no logical reason for losing 33% in 2 weeks over a short term shutdown.  Not if the fundamentals are solid. Not if the value is there. You lose that much in that amount of time when it's a ponzi scheme and the value is over blown.

I don't know. I could be wrong. If there is an expert on here I would love to be corrected.

I think it will all come back as soon as the all clear is given.

they will drive it up again and repeat this in the future when they are given an excuse.

'Ahhh what the heck!' why should they care abt these greedy little sheep with over inflated  ego's & who suffer only now wif trillions of investment losses that all got gobbled up..as its only "amongst friends"!!!...but I still doubt its enough!!!!

Stock market "Faux Tanking". Again Turkey Lurky said to Henny Penny the sky is falling and Curly said not true, the Earth is rising.

Let's say that total stock market has a trillion shares. After all the crazy swings, no matter how many times each way, at the end of the day, it still has those trillion shares, no more, no less.

Not considering options or other crazy  things, the market has as many props as Superbowl betting in Las Vegas.

Now suppose you have lost half the value of your holdings since its peak and you sell. Now you have half the value and no stock.

Suppose you don't sell, you have half the value and still own the stock.

I lived in Vegas for 13 years and left with a profit. The casino has a built in advantage, overall they don't lose. There is a time when being a local, I had the betting advantage. I only bet when I had the advantage.

Gordon Gekko said: Greed is good.

P.T. Barnum said: A sucker is born every minute

Leo Durocher said: Good guys finish last.

ALL WRONG

Curly says quit when your ahead, In my many years I've learned a greedy man can be swindled, an honest man cannot be cheated.

Did you buy stocks to invest? or did you buy stocks to gamble? Investers will win in the long run, the gamblers will lose everything.

Back to Vegas, since I lived there, I new the casino chips (actually referred to as checks) will be available 24/7 forever, so there was no hurry to accumulate them. Now if you were a vacationer you had a short time to win before your flight home leaves. Once a vacationer lost, he thinks to himself, "I have to get my money back" and he loses more.

I've tried to explain to gamblers, you're trying to get your money back, it's not your money anymore, it's the casinos money.

Thanks for reminding me that my one trip to Vegas was one too many.

W9XR wrote:

Stock market "Faux Tanking". Again Turkey Lurky said to Henny Penny the sky is falling and Curly said not true, the Earth is rising.

Let's say that total stock market has a trillion shares. After all the crazy swings, no matter how many times each way, at the end of the day, it still has those trillion shares, no more, no less.

Not considering options or other crazy  things, the market has as many props as Superbowl betting in Las Vegas.

Now suppose you have lost half the value of your holdings since its peak and you sell. Now you have half the value and no stock.

Suppose you don't sell, you have half the value and still own the stock.

I lived in Vegas for 13 years and left with a profit. The casino has a built in advantage, overall they don't lose. There is a time when being a local, I had the betting advantage. I only bet when I had the advantage.

Gordon Gekko said: Greed is good.

P.T. Barnum said: A sucker is born every minute

Leo Durocher said: Good guys finish last.

ALL WRONG

Curly says quit when your ahead, In my many years I've learned a greedy man can be swindled, an honest man cannot be cheated.

Did you buy stocks to invest? or did you buy stocks to gamble? Investers will win in the long run, the gamblers will lose everything.

Back to Vegas, since I lived there, I new the casino chips (actually referred to as checks) will be available 24/7 forever, so there was no hurry to accumulate them. Now if you were a vacationer you had a short time to win before your flight home leaves. Once a vacationer lost, he thinks to himself, "I have to get my money back" and he loses more.

I've tried to explain to gamblers, you're trying to get your money back, it's not your money anymore, it's the casinos money.

At least they tried their best for all to gamble as interest rates are near 0...free loans to gamble anyone?

manwonder wrote:

W9XR wrote:

Stock market "Faux Tanking". Again Turkey Lurky said to Henny Penny the sky is falling and Curly said not true, the Earth is rising.

Let's say that total stock market has a trillion shares. After all the crazy swings, no matter how many times each way, at the end of the day, it still has those trillion shares, no more, no less.

Not considering options or other crazy  things, the market has as many props as Superbowl betting in Las Vegas.

Now suppose you have lost half the value of your holdings since its peak and you sell. Now you have half the value and no stock.

Suppose you don't sell, you have half the value and still own the stock.

I lived in Vegas for 13 years and left with a profit. The casino has a built in advantage, overall they don't lose. There is a time when being a local, I had the betting advantage. I only bet when I had the advantage.

Gordon Gekko said: Greed is good.

P.T. Barnum said: A sucker is born every minute

Leo Durocher said: Good guys finish last.

ALL WRONG

Curly says quit when your ahead, In my many years I've learned a greedy man can be swindled, an honest man cannot be cheated.

Did you buy stocks to invest? or did you buy stocks to gamble? Investers will win in the long run, the gamblers will lose everything.

Back to Vegas, since I lived there, I new the casino chips (actually referred to as checks) will be available 24/7 forever, so there was no hurry to accumulate them. Now if you were a vacationer you had a short time to win before your flight home leaves. Once a vacationer lost, he thinks to himself, "I have to get my money back" and he loses more.

I've tried to explain to gamblers, you're trying to get your money back, it's not your money anymore, it's the casinos money.

At least they tried their best for all to gamble as interest rates are near 0...free loans to gamble anyone?

Yup "you can check in any time you like but you can never leave"!

All those pension and 401k owners, well most of them, are decent people.

And they were cheated.

Buy and hold does not hold for the people who are retirement age and got screwed just before they moved to a more conservative stance.

The saving grace is that trillions of that money was not from average Joe.

Per the links I posted and which any one can search and find limitless support most of that bubble was money the FED pumped into the market.


Joe will feel it in the form of inflation.

Philippine Destiny wrote:

All those pension and 401k owners, well most of them, are decent people.
And they were cheated. Buy and hold does not hold for the people who are retirement age and got screwed just before they moved to a more conservative stance.

I believe the market is going to recover and not years from now. At least recover to a point where they did not lose more than they put into it.  I wouldn't say they were cheated or screwed, there is a lot more involved that has to be considered.

What about the people who sold their stocks? I guess they will be screwed or cheated when the market goes up, with them on the sidelines.

W9XR wrote:

Philippine Destiny wrote:

All those pension and 401k owners, well most of them, are decent people.
And they were cheated. Buy and hold does not hold for the people who are retirement age and got screwed just before they moved to a more conservative stance.

I believe the market is going to recover and not years from now. At least recover to a point where they did not lose more than they put into it.  I wouldn't say they were cheated or screwed, there is a lot more involved that has to be considered.

What about the people who sold their stocks? I guess they will be screwed or cheated when the market goes up, with them on the sidelines.

I agree that is one possibility. This could all be a mirage. But that depends on being able to put this behind us quickly.  The longer it drags out the harder it is to recover.

But I admit. I am looking to buy 

US futures climb while Asian stocks struggle after Monday's historic decline....yup they are 'up' again...wild swings expected!

Amazon hiring 100,000 employees to keep up with demand.

I am down around $200k but I have NOT lost anything because I am not selling. Sit tight and it will come back like it always does and ..... I still get the same dividend income.

It's back to about there it was when Trump took office and started goosing the economy through the huge tax cut and pressure on the Fed. Too bad they used up much of the ammunition they would have had to fight the current crisis. Anyway, my point is the last few years are really a case of easy come-easy go. Anyone who thought that bull market was going to keep going was dreaming.

News Just In...Dow Futures Dive as Bloomberg Leaks Mnuchin's 20% Unemployment Fear!

manwonder wrote:

News Just In...Dow Futures Dive as Bloomberg Leaks Mnuchin's 20% Unemployment Fear!

Surprise surprise... Ahead 1000. Down 2000. Ahead 2000. Down 3000. These "investors" look more like speculators to me!

manwonder wrote:

News Just In...Dow Futures Dive as Bloomberg Leaks Mnuchin's 20% Unemployment Fear!

With the shut down it's probably higher than that today, but soon as things get under control the unemployment rate could possibly down to what it was to fill the vacuum of completed stock of manufacturers and empty shelves of retailers.

Something looks fishy!
(Whale Gobble Effect!)
Just kidding!

pnwcyclist wrote:

It's back to about there it was when Trump took office and started goosing the economy through the huge tax cut and pressure on the Fed. Too bad they used up much of the ammunition they would have had to fight the current crisis. Anyway, my point is the last few years are really a case of easy come-easy go. Anyone who thought that bull market was going to keep going was dreaming.

The economy got Goosed by the election of Trump. He presented a positive outlook to the nation instead of the doom & gloom of the past administrations. Many industries,  small business and future entrepreneurs had their finger on the trigger, waiting on the sidelines. If the samo samo was elected instead of Trump what would the stock market look like today?

W9XR wrote:

pnwcyclist wrote:

It's back to about there it was when Trump took office and started goosing the economy through the huge tax cut and pressure on the Fed. Too bad they used up much of the ammunition they would have had to fight the current crisis. Anyway, my point is the last few years are really a case of easy come-easy go. Anyone who thought that bull market was going to keep going was dreaming.

The economy got Goosed by the election of Trump. He presented a positive outlook to the nation instead of the doom & gloom of the past administrations. Many industries,  small business and future entrepreneurs had their finger on the trigger, waiting on the sidelines. If the samo samo was elected instead of Trump what would the stock market look like today?

The goosing started long before Trump

https://www.globalresearch.ca/cluster-o … et/5387281https://www.usatoday.com/story/money/ma … /10548183/https://seekingalpha.com/article/418977 … et-lifting


The mistake people make is in seeing only half the equation.

This is not about parties.

Obama continued the Bush Bailouts.

And Trump takes over where Obama left off.

And they all bomb the hell out of everyone.

Crude oil is at $25.29 now.

In 2016 the low price for the year was $26.21 so we have beaten than.

We have to go back to 2003 when the low price was $25.25

In 1998 it was under $11

It just might go there.

manwonder wrote:

manwonder wrote:

News Just In...Dow Futures Dive as Bloomberg Leaks Mnuchin's 20% Unemployment Fear!

Surprise surprise... Ahead 1000. Down 2000. Ahead 2000. Down 3000. These "investors" look more like speculators to me!

Everybody is.  You mean you never day traded?