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Fri Dec 1, 2017, 11:37 AM

The stock market is down 350 points!

Trump's world is starting to crumble!

21 replies, 2122 views

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Arrow 21 replies Author Time Post
Reply The stock market is down 350 points! (Original post)
imanamerican63 Dec 2017 OP
imanamerican63 Dec 2017 #1
Watchfoxheadexplodes Dec 2017 #2
lagomorph777 Dec 2017 #5
Dawson Leery Dec 2017 #3
Demsrule86 Dec 2017 #4
lagomorph777 Dec 2017 #6
Demsrule86 Dec 2017 #13
dgibby Dec 2017 #10
Demsrule86 Dec 2017 #12
Kingofalldems Dec 2017 #7
nolabear Dec 2017 #8
PoindexterOglethorpe Dec 2017 #9
LanternWaste Dec 2017 #11
PoindexterOglethorpe Dec 2017 #16
ProfessorGAC Dec 2017 #14
PoindexterOglethorpe Dec 2017 #15
ProfessorGAC Dec 2017 #18
PoindexterOglethorpe Dec 2017 #20
mnhtnbb Dec 2017 #17
egduj Dec 2017 #19
PoindexterOglethorpe Dec 2017 #21

Response to imanamerican63 (Original post)

Fri Dec 1, 2017, 11:38 AM

1. Well, it has bounced back some!

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Response to imanamerican63 (Original post)

Fri Dec 1, 2017, 11:38 AM

2. Screw all this winning

Sell!

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Response to Watchfoxheadexplodes (Reply #2)

Fri Dec 1, 2017, 11:50 AM

5. Yeah, they're sick of winning.

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Response to imanamerican63 (Original post)

Fri Dec 1, 2017, 11:43 AM

3. For the good of the world, crash and burn.

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Response to imanamerican63 (Original post)

Fri Dec 1, 2017, 11:50 AM

4. The GOP claims to have the vote to pass the tax bill but I am not sure.

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Response to Demsrule86 (Reply #4)

Fri Dec 1, 2017, 11:52 AM

6. That may explain the tumble.

The wider collective wisdom of the market does not believe the Billionaire Relief Act of 2017 is actually in the interest of stockholders. Its imminent passage scares everybody but the Kochs and the Deplorables.

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Response to lagomorph777 (Reply #6)

Fri Dec 1, 2017, 12:28 PM

13. God I hope we stop that abomination of a bill.

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Response to Demsrule86 (Reply #4)

Fri Dec 1, 2017, 11:58 AM

10. MSNBC just reported that vote has been postponed. n/t

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Response to dgibby (Reply #10)

Fri Dec 1, 2017, 12:27 PM

12. Yeah, they don't postpone if they have the votes...it may still pass but maybe a less lethal version

I am going to try calling again.

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Response to imanamerican63 (Original post)

Fri Dec 1, 2017, 11:53 AM

7. Mueller's fault!

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Response to imanamerican63 (Original post)

Fri Dec 1, 2017, 11:54 AM

8. Watch the rats leave that sinking ship NOW.

They’ve ridden his ass as far as they can and he’ll find out just how much they love him now.

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Response to imanamerican63 (Original post)

Fri Dec 1, 2017, 11:56 AM

9. 350 points is a terrifying one and a half percent.

And as I type this, it's only down 224 points, which is less than one percent.

It's important to do the math and not freak out over the raw numbers.

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Response to PoindexterOglethorpe (Reply #9)

Fri Dec 1, 2017, 12:18 PM

11. It's also important to observe accurately

It's also important to observe accurately, and avoid confusing visceral reactions with freaking out.

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Response to LanternWaste (Reply #11)

Fri Dec 1, 2017, 01:05 PM

16. Yep. Observe accurately,

and not confuse a fraction of a percent drop with something meaningful.

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Response to PoindexterOglethorpe (Reply #9)

Fri Dec 1, 2017, 12:33 PM

14. As I Type This It's 0.5%

The markets do this on a routine basis. Make no judgments until the close of markets, and then don't react for at least a week.

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Response to ProfessorGAC (Reply #14)

Fri Dec 1, 2017, 12:49 PM

15. Exactly.

People here tend to report these things -- today's initial 350 point drop -- as if it's huge, as if it's a crash.

Makes me crazy.

The markets go up. The markets go down. Overall, they go up more than they go down, which is why trying to time the market is a fool's game.

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Response to PoindexterOglethorpe (Reply #15)

Fri Dec 1, 2017, 01:38 PM

18. Oh No, No!

Guy learned to time it perfectly and had everyone in the world trying to either hire him or learn his secret.

I saw it in a movie! I think it will work!

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Response to ProfessorGAC (Reply #18)

Fri Dec 1, 2017, 01:59 PM

20. LOL!

Wait! What movie?? Maybe I can learn to time the market!

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Response to imanamerican63 (Original post)

Fri Dec 1, 2017, 01:18 PM

17. The DJIA was up 332 yesterday; now down 99.

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Response to imanamerican63 (Original post)

Fri Dec 1, 2017, 01:54 PM

19. Why is it good if the stock market crashes?

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Response to egduj (Reply #19)

Fri Dec 1, 2017, 02:01 PM

21. I've seen the sentiment expressed hee that

it would be a good thing if everyone who has money in the market were to lose it all.

Not everyone who owns stocks in some form is part of the 1%. Everyone's 401k is at least partially in stocks or mutual funds. Most pension plans (and they do still exist ot there) are invested.

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