Stocks drop another 350+ pts today....after gaining close to 200...

[HawktimusPrime]

..Monday and Tuesday to help recover some of last weeks record losses. Total loss is near 1,200 in the first two trading weeks of the year. Despite the fact that today had a projected future in gains.

http://www.usnews.com/news/business...tocks-edge-higher-as-crude-oil-price-recovers


Stocks fell sharply in late afternoon trading Wednesday as a dismal start to the new year got even worse. The selling was concentrated on some of the biggest winners from last year such as Netflix and Amazon, both of which doubled in value in 2015.

Energy companies continued to drop even as the price of oil had a rare up day. Traders are increasingly worried that a plunge in the price of crude to near $30 a barrel will lead to more strain, layoffs and bankruptcies for oil and gas companies.

With half an hour of trading left, all three major U.S. indexes were down about 2 percent. The Standard & Poor's 500 index was about 10 percent below its recent peak reached in November. If it closes down that much it would meet the standard definition of a market "correction," something that last happened in August.

 

[cigaretteman]

 

[ottumwan in tx]

Obama warned us last night we must keep going on this path long after he is gone from office

 

[DavenportHawk8]

Just met with our finance guy about our retirement. Not good, but oh well.

 

[HawktimusPrime]

The stocks are falling actually. Stocks and sky are not the same thing.

 

[HawktimusPrime]

Just met with our finance guy about our retirement. Not good, but oh well.

First of all, that sucks, I'm sorry and I hope that changes. Second, don't let Ciggy see this post. He's going to yell at you for being realistic.

 

[ottumwan in tx]

Free college for everyone so that u may become educated about not sinking your retirement in the fake markets but college may not tell u this so nevermind

 

[fredjr82]

Second, don't let Ciggy see this post. He's going to yell at you for being realistic.

Yeah, because one anonymous person on a message board makes a whole country.

I'm glad you're back. The board wasn't as humorous without your barrage of loony Libertarian viewpoints.

 

[DavenportHawk8]

First of all, that sucks, I'm sorry and I hope that changes. Second, don't let Ciggy see this post. He's going to yell at you for being realistic.

it wasn't that big of deal, he was just stating that the performance hasn't been great and he didn't expect it to turn back up for a while.

I can't retire until I'm like 70 anyways, so who cares. Just as long as I can retire and move to a warmer climate, that's all I want. I could care less what the stock market is doing right now. Ask me when I am 60 and I will be nose deep into the stock section of the news paper. Wathcing it all day every day.

 

[fredjr82]

Two things

Traders are increasingly worried that a plunge in the price of crude to near $30 a barrel will lead to more strain, layoffs and bankruptcies for oil and gas companies.

I don't feel the least bit sorry for the gas and oil companies. They were giving out exorbitant bonuses to secretaries in the company. Maybe if they weren't so f'ing greedy and turning billions worth of profits in Q1 alone I'd feel sorry for them. As it is, I don't.

With half an hour of trading left, all three major U.S. indexes were down about 2 percent. The Standard & Poor's 500 index was about 10 percent below its recent peak reached in November. If it closes down that much it would meet the standard definition of a market "correction," something that last happened in August.

Secondly, if we saw this in August as a "market correction" why would we be worried now about a market correction? I don't remember seeing any bread lines in August and the markets eventually rebounded like they will this time too.

 

[jscott78]

We're coming off 8 years of solid gains and people get to thinking they will last forever. They never do.

Two things



I don't feel the least bit sorry for the gas and oil companies. They were giving out exorbitant bonuses to secretaries in the company. Maybe if they weren't so f'ing greedy and turning billions worth of profits in Q1 alone I'd feel sorry for them. As it is, I don't.



Secondly, if we saw this in August as a "market correction" why would we be worried now about a market correction? I don't remember seeing any bread lines in August and the markets eventually rebounded like they will this time too.

 

[NoleSoup4U]

We're coming off 8 years of solid gains and people get to thinking they will last forever. They never do.

Especially when it's being propped up.

 

[HawktimusPrime]

Two things



I don't feel the least bit sorry for the gas and oil companies. They were giving out exorbitant bonuses to secretaries in the company. Maybe if they weren't so f'ing greedy and turning billions worth of profits in Q1 alone I'd feel sorry for them. As it is, I don't.



Secondly, if we saw this in August as a "market correction" why would we be worried now about a market correction? I don't remember seeing any bread lines in August and the markets eventually rebounded like they will this time too.

All questions will be answered soon.

 

[HawktimusPrime]

Especially when it's being propped up.

Yup, 8 years of gains with zero interest being the driving force. On top of record amounts of money being pushed into the market. Not by actual spenders who received that money through earnings and profits. But by a bank system that can prints its own money and do with it as it wishes.
Now we have interest back in the fold and the promise to raise it more. What do you think Nole, coincidence?

 

[markfromj]

Another great buying opportunity, like August.

 

[ottumwan in tx]

That's like saying the aca is s great insurance buying opportunity

 

[NoleSoup4U]

Yup, 8 years of gains with zero interest being the driving force. On top of record amounts of money being pushed into the market. Not by actual spenders who received that money through earnings and profits. But by a bank system that can prints its own money and do with it as it wishes.
Now we have interest back in the fold and the promise to raise it more. What do you think Nole, coincidence?

I generally don't believe in them. I said the other day that I thought a rise in interest would lead people to invest someplace other than the market.

 

[TunzaHawk]

Free college for everyone so that u may become educated about not sinking your retirement in the fake markets but college may not tell u this so nevermind

So what does OIT suggest sinking ones retirement $ in?

 

[markfromj]

That's like saying the aca is s great insurance buying opportunity

No, it's not. ACA rates do not rise and fall by large amounts daily.

 

[HawktimusPrime]

No, it's not. ACA rates do not rise and fall by large amounts daily.

They raise slowly and keep raising, then raise quickly, then back to slowly....

But they never fall for some reason.

 

[86Hawkeye]

Two things



I don't feel the least bit sorry for the gas and oil companies. They were giving out exorbitant bonuses to secretaries in the company.

Why do you hate hard working hourly employees?

 

[Kenneth Griffin]

ive already made more money this month than i made last year. if you cant make money in a market going straight down you shouldnt be trading.

 

[Capital1Hawk]

ive already made more money this month than i made last year. if you cant make money in a market going straight down you shouldnt be trading.

Are you betting on the house and shorting everything?

 

[Kenneth Griffin]

Are you betting on the house and shorting everything?

No I've been buying options on the vix.

 

[NoleSoup4U]

ive already made more money this month than i made last year. if you cant make money in a market going straight down you shouldnt be trading.

I'm sure that there's always money to be made if you look. It isn't like the whole market is crashing.

 

[ottumwan in tx]

but gm is alive and bin laden is dead

 

[hawklandish]

Just met with our finance guy about our retirement. Not good, but oh well.

Why would what happens on one day, or one month, have a dramatic impact on your retirement?

 

[DavenportHawk8]

Why would what happens on one day, or one month, have a dramatic impact on your retirement?

No it was more about the "year" per say. how stocks are down overall since 2016 started. Not that big of deal, he also wanted to touch base about some other things going on. But mainly was just re-assuring us that the market will go up and down until we retire.

I told him Im working till Im 6ft under, so it won't matter. Hopefully the wife can retire early and enjoy some time away from her job, but my job is pretty good so I can stand to do it until Im 70. After that, if I want to I will retire and travel.

 

[strummingram]

Now, it's back up 225 points.

 

[HawktimusPrime]

Now, it's back up 225 points.

Which was expected now that China had a decent day. The said reasons many investors are being so gun shy is because they don't have much confidence in the market economy itself. That's a fact few seem to grasp.

 

[strummingram]

Which was expected now that China had a decent day. The said reasons many investors are being so gun shy is because they don't have much confidence in the market economy itself. That's a fact few seem to grasp.

Well, these investors are just gamblers. The strength of the economy is affected by hundreds, even thousands, of different factors. The stock market is a casino. It's a very expensive casino that can hurt a lot of people that don't even participate IN the casino. But, the stock market goes UP and it goes Down. I can agree with you on the dangers of the Federal Reserve and currency manipulation and theft through inflation, etc. But, gauging the economy by the ups-and-downs of the stock market is not something I see as a barometer for the overall economy.

 

[Vroom_C14]

Hypocrite - you come on here toasting of the uptick in stocks then when someone points out a fall you play chicken little. Must be sad to be you.

 

[HawktimusPrime]

Well, these investors are just gamblers. The strength of the economy is affected by hundreds, even thousands, of different factors. The stock market is a casino. It's a very expensive casino that can hurt a lot of people that don't even participate IN the casino. But, the stock market goes UP and it goes Down. I can agree with you on the dangers of the Federal Reserve and currency manipulation and theft through inflation, etc. But, gauging the economy by the ups-and-downs of the stock market is not something I see as a barometer for the overall economy.

True but the stock market can be a reliable guage on what the economy is doing consumer wise. It's not going to show the whole enchilada, but it can be something to look for.

 

[HawktimusPrime]

Why would what happens on one day, or one month, have a dramatic impact on your retirement?

Many people saw a sharp drop particularly last week in their portfolios. Depending on what they have going, some people saw the loss of thousands, at least temporarily.

 

[Huey Grey]

Stocks are up 300 today. Just saying.

 

[fredjr82]

Hypocrite - you come on here toasting of the uptick in stocks then when someone points out a fall you play chicken little. Must be sad to be you.

Now, it's back up 225 points.

Looks like his "Sky is Falling" picture was pretty accurate. Next time read the whole thread before making such a stupid comment.

 

[HawktimusPrime]

Looks like his "Sky is Falling" picture was pretty accurate. Next time read the whole thread before making such a stupid comment.

The sky is indeed falling, you're correct.

 

[strummingram]

The sky is indeed falling, you're correct.

What exactly are you referring to?

Stocks go up and down. I'm not sure why you're using these drops to indicate a faltering economy overall.

 

[HawktimusPrime]

What exactly are you referring to?

Stocks go up and down. I'm not sure why you're using these drops to indicate a faltering economy overall.

Yes, but stocks don't just drop over 1,000 pts in less than a week and without economic reasons being behind it.

Three things

-oil
-Wealth purchasing
-market clearly affected by still nearly zero fed interest rate increase. It was affected once serious talk of increasing rate happened. Showing that investors are counting on near zero rates. That's not good.
-Next biggest economy slowing down, and basically failing, causing ours to do the same which just so happens to coincide with market losses. Worst since 2008 by the way.
-Most of all. We never truly recovered, a true economic recovery happens when the economy itself fixes itself with sound money and actual productive growth. That didn't happen, instead we got QE, which hid the fact that they market couldn't sustain itself.

The fact that the stock market suddenly had such sharp drops and that just happened to coincide with fears about Chinas economy, along with Fed rate hikes I no coincidence.

Keep in mind, that the GLOBAL stock markets have been dropping. Not just US and China. Keep in mind.

 

[strummingram]

-Most of all. We never truly recovered, a true economic recovery happens when the economy itself fixes itself with sound money and actual productive growth. That didn't happen, instead we got QE, which hid the fact that they market couldn't sustain itself.

That kind of correction hasn't occurred in well over a century.