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re: DOW falls 1000 points after opening bell
Posted on 8/25/15 at 7:52 am to Duke
Posted on 8/25/15 at 7:52 am to Duke
quote:
Am I right to assume this is nothing more than a correction and not a signal of something deeper?
I'd say that's correct. From what I understand it has a lot to do with the Chinese currency becoming way too overvalued. Which has been debated on a ton in the past year or so. They finally admitted as such and now we see what is happening.
We actually talked about this in my last year of upper level finance classes at State so it's pretty cool to watch it unfold.
2
Posted on 8/25/15 at 8:56 am to DynastyDawg
We discussed the same in one of my economics classes last year. It really is awesome seeing everything come to fruition.
On the plus side, I was able to add shares in stocks I wouldn't have been able to get into otherwise.
That's what separates the good investors from the bad. When turmoil arises, I smell buying opportunity, not panic.
On the plus side, I was able to add shares in stocks I wouldn't have been able to get into otherwise.
That's what separates the good investors from the bad. When turmoil arises, I smell buying opportunity, not panic.
Posted on 8/25/15 at 9:19 am to DynastyDawg
quote:
From what I understand it has a lot to do with the Chinese currency becoming way too overvalued.
Is it because they try to peg it to the dollar, which has been relatively strong relative to other currencies?
I get the basics of stocks and finance, but currency markets are well above my knowledge.
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