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

[HawktimusPrime]

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

I predict a crash this year, and a big one too. That is my final answer. Someone wants it to happen, it's clear. With some questions answered, there are no answers in other areas. Something is amiss, and Prime can feel it.

 

[Huey Grey]

I predict a crash this year, and a big one too. That is my final answer. Someone wants it to happen, it's clear. With some questions answered, there are no answers in other areas. Something is amiss, and Prime can feel it.

How big? I want a specific number so that when it doesn't happen I can throw it back in your face.

 

[HawktimusPrime]

How big? I want a specific number so that when it doesn't happen I can throw it back in your face.

Below 10,000

 

[Huey Grey]

Below 10,000

Put your money where your mouth is? If the DOW doesn't go below 10,000 by 2017, you don't get to post for a full year. No extra handles. If it goes below 10,000 by 2017, I don't get to post for a full year. No extra handles.

 

[hawklandish]

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.

The stock market is NOT a casino. It is a market in which ownership of publicly owned companies are traded. A casino has games of chance in which the mathematical odds of winning and losing are capable of being calculated, and most importantly, the odds are ALWAYS in favor of the house.

By contrast, the stock market is simply a place where people can buy and sell shares of publicly owned companies. It bears very little resemblance to a casino.

 

[HawktimusPrime]

Put your money where your mouth is? If the DOW doesn't go below 10,000 by 2017, you don't get to post for a full year. No extra handles. If it goes below 10,000 by 2017, I don't get to post for a full year. No extra handles.

Let's do it then,...

 

[Huey Grey]

Let's do it then,...

Sweet.

 

[markfromj]

The stock market is a casino.

No, it is not. It is a place to buy and sell portions of companies. Buyer and seller beware.

 

[Funky Bunch]

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.

You should talk in percentages. A 1,000 point drop today is not what it used to be.

 

[strummingram]

The stock market is NOT a casino. It is a market in which ownership of publicly owned companies are traded. A casino has games of chance in which the mathematical odds of winning and losing are capable of being calculated, and most importantly, the odds are ALWAYS in favor of the house.

By contrast, the stock market is simply a place where people can buy and sell shares of publicly owned companies. It bears very little resemblance to a casino.

You're gambling. It might go up and it might go down. It's similar enough to me. The mathematics and probabilities are calculated differently. The payoffs are not in chips, but shares. To-may-toe, to-mah-toe.

 

[Vroom_C14]

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

Yep - he claims sky if falling all the time and then things change - afterwards. So saying it is "stupid" after things change is, well, stupid.

 

[dgordo]

No I've been buying options on the vix.

The vix is up over 20% ytd. Nice trade.

 

[hawklandish]

You're gambling. It might go up and it might go down. It's similar enough to me. The mathematics and probabilities are calculated differently. The payoffs are not in chips, but shares. To-may-toe, to-mah-toe.

You may be gambling, but I am not. I am investing. The fact that you don't understand the difference is a good reason for you to stay on the sidelines.

 

[fredjr82]

Yep - he claims sky if falling all the time and then things change - afterwards. So saying it is "stupid" after things change is, well, stupid.

 

[Huey Grey]

You may be gambling, but I am not. I am investing. The fact that you don't understand the difference is a good reason for you to stay on the sidelines.

To be fair, unless you're in it for the long haul, you are gambling. There is no guarantee that any of your "investments" over the next few years will pay out. Whether those investments come from stocks, commodities, derivatives, or anything else, you have no assurances they will make you money.