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Thread: Dow set to fall 350 at the open

  1. #21
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    Re: Dow set to fall 350 at the open

    Quote Originally Posted by OldFatGuy View Post
    It is only a depression for those who lost their jobs.

    DOW at close December 31, 1980 963.99, DOW at close yesterday 25,408.00. If not yesterday , then when?

    Never expected the DOW to hit a ceiling of 10k during my lifetime. The DOW hit 10k Mar. 29, 1999. I'm still alive, do you think the market could hit 30k before I kick?

    Markets go up, markets go down. Today, having studied my charts, examining the trends for equities I haven't bought, today I will purchase those I see as opportunities. I already sold those I viewed as ripe for corrections, with a few exceptions. Those I judged to be capable of much further expansion. Win some, lose some, never gamble more than I can afford to lose. Never bet the farm. I'm funded 200k for today's purchases, less than I am paying for recent capital gains taxes this quarter (not to be confused with capital gains). When I sold, there were some losers, there were some gainers. My CPA will write off my losses at the time for filings. Much more exciting than Bingo, tho my mom really did enjoy playing Bingo.

    Tulips. The Hunt Brothers. Some guy named Ponzi. How far behind are you? My advice to you, don't cry over spilt milk. Invite the cat and her kittens over for a feast.
    This months auto sales will likely be telling of the future of the US economy. If the disappointing sales in Sept continue into Oct, then an economic slowdown could very well be on its way. The bond yield inversion that looked likely about 3 months ago is much less likely now

  2. #22

    Re: Dow set to fall 350 at the open

    Quote Originally Posted by Floridafan View Post
    Rising interest rates combined with trump tariffs, are going to destroy this economy.
    When did it become Trumps economy? Is it officially his now that the markets are panicking that that the Democrats might regain control of congress?

    Sent from my SAMSUNG-SGH-I467 using Tapatalk

  3. #23

    Re: Dow set to fall 350 at the open

    Quote Originally Posted by Floridafan View Post
    If things are going so great, why is the stock market doing so poorly? And I dont mean just yesterday!
    Poorly? You must have your money in china's market. Ours is still up for the year.

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    Re: Dow set to fall 350 at the open

    Quote Originally Posted by trouble13 View Post
    Poorly? You must have your money in china's market. Ours is still up for the year.

    Sent from my SAMSUNG-SGH-I467 using Tapatalk
    Any gains in this market happened during the first two weeks of January, since then its been total failure.

  5. #25
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    Re: Dow set to fall 350 at the open

    Quote Originally Posted by Captain Adverse View Post
    I am not an economist, it was never one of my areas of expertise. But like anyone else, I still have personal opinions about it.

    I personally find the timing of this "market crash" suspect, occurring as it does after two years of steady growth so suddenly right before the Mid-Term elections.

    One of Trump's major "winning" points has been this rapid and sustained uptick in our economy, and everyone recognizes that a Bullish economy buoys up an Administration leading it.

    So IMO this sudden downswing is likely as not due to market manipulation by those wealthy elements on the Progressive-Left who want to see the Administration change.

    IMO there is really no good reason for the sudden drop in economic confidence at this time.

    However, I am willing to be schooled by our resident economists.
    I think it has to do with rising interest rates in an attempt to ward off inflation. This was due to happen with a growing economy.
    Plus, there are some worries about trade agreements with China.
    In reality, market dips are good buying opportunities.

  6. #26
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    Re: Dow set to fall 350 at the open

    Quote Originally Posted by Lord Tammerlain View Post
    This months auto sales will likely be telling of the future of the US economy. If the disappointing sales in Sept continue into Oct, then an economic slowdown could very well be on its way. The bond yield inversion that looked likely about 3 months ago is much less likely now
    I woldn't use that as a measure.

    In September and October people are waiting for the new model year to come out before they buy a car.

    People have been waiting for the new trucks, Chevrolet GMC and Dodge) to hit the market as I am sure with other cars as well.

  7. #27
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    Re: Dow set to fall 350 at the open

    Quote Originally Posted by Lord Tammerlain View Post
    This months auto sales will likely be telling of the future of the US economy. If the disappointing sales in Sept continue into Oct, then an economic slowdown could very well be on its way. The bond yield inversion that looked likely about 3 months ago is much less likely now
    Yeah, yeah, yeah. "What's good for American Steel, is good for America."

    Corrections are healthy for the economy. Cars aren't selling well, trucks and crossovers have replaced them in the marketplace. Sales of both have outdistanced cars, they don't need to sell more, the profit ratio is much higher. Apple has 2% of the smartphone market worldwide, more than 90% of the profits. Stats only take the investor so far and then........
    What kind of a man is a man who has not left this world a better place?

    No one is in control.

  8. #28
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    Re: Dow set to fall 350 at the open

    Quote Originally Posted by Mason66 View Post
    I woldn't use that as a measure.

    In September and October people are waiting for the new model year to come out before they buy a car.

    People have been waiting for the new trucks, Chevrolet GMC and Dodge) to hit the market as I am sure with other cars as well.
    I mean year over year sales not month to month. Almost all makers saw declines in Sept (FCA excepted) but it was reported that Sept 2017 was a strong month for sales. But if Oct 2018 is weak compared to Oct 2017, it could be a start of a decline that has been expected for a few months

  9. #29
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    Re: Dow set to fall 350 at the open

    Some people see the market correction as a disaster, some see it as a golden opportunity.

  10. #30
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    Re: Dow set to fall 350 at the open

    Quote Originally Posted by trouble13 View Post
    When did it become Trumps economy? Is it officially his now that the markets are panicking that the Democrats might regain control of congress?
    I know the rule: when the market is up, it's because of the Very Stable Genius. When it's down, it's someone else's fault.

    The idea that Democrats in control is bad for the stock market is undercut by history.

    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

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