Why are stocks tanking this morning?
- Thread starter Tenacious E
- Start date
FSU football is the canary in the gold mine.
Iowa’s offense scored 40. Nothing we used to believe in is true.
September is the worst month for stocks
S&P down 1.2% is hardly tanking. Seems like normal fluctuation to me. Friday was pretty close to all time highs, probably just some profit taking.
I'm offended by your lack of hyperbole good sir!
This makes no sense. One has to imagine that Iowa covering the spread AND hitting the under wouldn't' lead to profit taking but rather more investing.
I think profit taking after the recent run up is the best answer.
There was some weak manufacturing data released this morning but nothing that would make me overly concerned.
There was some weak manufacturing data released this morning but nothing that would make me overly concerned.
You haven't seen anything yet after 4 years of bidenomics and the threat of 4 more!! Enjoy!!
The last time that happened we saw a full correction due to the Trumpflation trade.
I would consider losing 1.2% to be losing a lot in one morning. Seems like normal fluctuation market wide is .15% to .35% per day.
https://www.prnewswire.com/news-rel...cturing-ism-report-on-business-302235328.html
Weak ism data. Nothing really substantial. Just a reason to take profits to kick off one of the historically worst months of the year.
www.prnewswire.com
Weak ism data. Nothing really substantial. Just a reason to take profits to kick off one of the historically worst months of the year.
Manufacturing PMI® at 47.2%; August 2024 Manufacturing ISM® Report On Business®
/PRNewswire/ -- Economic activity in the manufacturing sector contracted in August for the fifth consecutive month and the 21st time in the last 22 months, say...
www.prnewswire.com
Maybe I'm missing something. I could see a downtrend from a double top but nothing to panic about.
Gosh dang democrats crashed the market again!
Just to clarify I'm not panicked and I didn't say the market has tanked. I was just curious as to collective thoughts why the market was tanking (maybe dipping would be a better word?) 1.2% in a morning when it did not appear anything of consequence had happened.
I think it's movement is almost purely from a technical basis. At all-time highs, double top, which is bearish short term. I would guess it dips to one the rolling averages and bounces, as long as nothing fundamental happens in the near future.
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Honestly its more just slight over reaction to any sign that the economy may be slowing down more and possibly may be showing a recession. To me the market was priced pretty close to perfection. I have had my long dated calls for a while and MSTR has basically been stuck at 1300 or around there for 2 months. Honestly working on very well for me. I don't expect much upside until after the elections, but may be willing to close my calls (even selling 10% of my shares to do so, if I can close them cheap enough before the elections).
Probably because I was pedal to the metal in tech and started to pull back to equity and stock funds, diversifiec into more retail and short term Treasiries..
If I pull back from Google, Apple, and TSM more...watch out. Still have quite a bit in Buffet and AMX so becareful.
If I pull back from Google, Apple, and TSM more...watch out. Still have quite a bit in Buffet and AMX so becareful.
It was probably a bunch of common traders trying to sell on the weekend after a good day on Friday.
The stock market is a real Rorschach test for you guys
The market is too risky short term, long term it is almost a sure bet with no risk.
