Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
General Discussion
In reply to the discussion: I Lost $7,000 Today and Trump is Gloating About It [View all]CincyDem
(6,363 posts)53. I agree with the sentiment...
...and today's close was about the same as the May 19th close. The market went up over the past month, in part, based on the general consensus that Remain would win. The prediction wasn't true and those who bet on Remain got punished for it.
That said, nothing really changed except that paper value - for you and just about everyone one else (except those unlucky few stupid enough to bet with margin/borrowed money - they be in a hell of a hurt place right now).
Market will be back to business as usual mid next week - bouncing between 1980-2080 with an occasional test +/- 50 points either way for chit and giggles.
To be clear, in spite of the paper vs. real loss associated with this...Trump is still an asshat for gloating about it. I think it's funny he didn't mention losing any money today. Probably because he doesn't have any.
Edit history
Please sign in to view edit histories.
84 replies
= new reply since forum marked as read
Highlight:
NoneDon't highlight anything
5 newestHighlight 5 most recent replies
RecommendedHighlight replies with 5 or more recommendations
so sorry to hear that. many are going to be quite surprised at how this affects them here.
niyad
Jun 2016
#2
Because the put option gives you the ability to buy shares later at the lower price
7962
Jun 2016
#80
I can't believe anyone would vote for him after wearing a "Make Me Great Again" hat.
scscholar
Jun 2016
#54
i have money in the market too, i loathe the bastard. not a shred of empathy or intelligence.
spanone
Jun 2016
#17
Not to mention there surely **will** be another very large "correction" at some point
newthinking
Jun 2016
#36
True, one would not cash out one's entire saving, but one may wish or need
No Vested Interest
Jun 2016
#62
I retired in 2009 at the bottom of the market, luckily I have a DB pension and didn't have to rely
doc03
Jun 2016
#82
so very true. I pulled mine just before the housing crash. I knew it was coming and I am too old to
swhisper1
Jun 2016
#20
you should be highly offended, and your 401K will return if you can wait for markets to level off
swhisper1
Jun 2016
#15
Meanwhile the funds that were in our accounts are in some one else's account
liberal N proud
Jun 2016
#29