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re: DOW falls 1000 points after opening bell
Posted on 8/24/15 at 1:38 pm to Duke
Posted on 8/24/15 at 1:38 pm to Duke
Some of the smarter guys were saying that people with Chinese investments needed some liquidity. I guess that makes sense.
I think there's some other indicators of slowdowns globally, but I'm unsure of how much of that will play out.
I think there's some other indicators of slowdowns globally, but I'm unsure of how much of that will play out.
2
Posted on 8/24/15 at 1:38 pm to elposter
quote:
Have you been sitting out "for years" as everyone in the market has been killing it?
I look for buying opportunities, not selling ones. I typically don't sell unless I need the money. Long term investor here.
Posted on 8/24/15 at 1:39 pm to Pavoloco83
quote:
my 401k and kids 529 accounts are getting hard fricked. Not much I can do about that right now.
same :(
Posted on 8/24/15 at 1:47 pm to the808bass
quote:
Some of the smarter guys were saying that people with Chinese investments needed some liquidity. I guess that makes sense.
Makes sense.
quote:
I think there's some other indicators of slowdowns globally, but I'm unsure of how much of that will play out.
Of course.
If we knew how that would play out, we'd be on a private island instead of posting here.
Posted on 8/24/15 at 1:49 pm to Duke
I'm busy investing in commodities (gas and food), some education funds (my kid's private school bills) and real estate (house payment). After I get done with those investments, I typically like to invest in consumer electronics. My financial advisor is not impressed.
Posted on 8/24/15 at 1:49 pm to the808bass
quote:
Some of the smarter guys were saying that people with Chinese investments needed some liquidity. I guess that makes sense.
Makes sense.
quote:
I think there's some other indicators of slowdowns globally, but I'm unsure of how much of that will play out.
Of course.
If we knew how that would play out, we'd be on a private island instead of posting here.
Posted on 8/24/15 at 2:03 pm to Supravol22
I can't stomach to look. I got killed on Friday. It's worse today.
Posted on 8/24/15 at 2:10 pm to CapstoneGrad06
went back up to something less distasteful, but i'm afraid it was just a dead cat bouncing.
Posted on 8/24/15 at 2:33 pm to PrivatePublic
quote:
but i'm afraid it was just a dead cat bouncing.
It was one hell of a bounce. Now dow down 690
S&P dow 80
Posted on 8/24/15 at 3:35 pm to Duke
There will be blood in the streets soon. Almost time to transfer some funds 
Still kicking myself for not getting in on Ford at a buck (at $13 today) a few years back
Still kicking myself for not getting in on Ford at a buck (at $13 today) a few years back
Posted on 8/24/15 at 3:39 pm to Supravol22
I actually broke even today 'cause of Southern Company's announced purchase of Atlanta Gas Light shooting AGL through the roof.
Posted on 8/24/15 at 10:10 pm to Supravol22
Market was definitely due for a correction. Only question is whether we'll trend into a bear market (20% decline).
Just as info... stop looking at the Dow Jones Industrial Average. The fact that people still give a frick about it is idiotic - it's a sampling of exactly 30 companies out of the thousands of publicly traded companies in the United States... an index of 30 massive, large cap stocks is a terrible way to actually measure what's going on with your investments.
Just as info... stop looking at the Dow Jones Industrial Average. The fact that people still give a frick about it is idiotic - it's a sampling of exactly 30 companies out of the thousands of publicly traded companies in the United States... an index of 30 massive, large cap stocks is a terrible way to actually measure what's going on with your investments.
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.
Posted on 8/25/15 at 8:18 am to cokebottleag
quote:
Also, yeah I don't understand them and I really don't have the time to understand them at this point in my life. Maybe when I have more money to play with I'll get into it.
don't do it
not now, not ever
buying intangibles is risky and stupid, call and put options are nothing more than straight up gambling, you are not only betting that value in shares of a stock go up or down, but you are betting that it happens within a certain time frame
you are better off just putting everything on red at the roulette wheel...
Posted on 8/25/15 at 8:52 am to 3nOut
quote:
that's been my thought. i've kinda been waiting for the STHTF before i jumped in.
guess you missed out
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 9:07 am to Kamikaze25
The best time to buy is when there's blood in the streets, even if that blood is your own.
Posted on 8/25/15 at 9:15 am to Vols&Shaft83
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.
Posted on 8/25/15 at 9:47 am to Duke
Their currency was extremely overvalued. They want it to be on par with the US dollar. With that being said, most economists believe it was hurting their growth in exports. By devaluing the currency, it makes it cheaper/more likely to hit their export growth target.
With that said, there are multiple viewpoints as to what specifically happened, but this is the one I tend to agree with.
With that said, there are multiple viewpoints as to what specifically happened, but this is the one I tend to agree with.
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