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Old 08-21-2015, 02:54 PM
 
1,078 posts, read 1,070,927 times
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A Republican will win in 2016. And the economy is going to crash big time. This is pre-planned and there is nothing we can do to stop it.

My only regret is holding onto the damn STOCKS as we were warned month ago to pull out. I didn't think the crash would come this early.
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Old 08-21-2015, 03:01 PM
 
24,347 posts, read 26,767,003 times
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Quote:
Originally Posted by incognitoe View Post
A Republican will win in 2016. And the economy is going to crash big time. This is pre-planned and there is nothing we can do to stop it.

My only regret is holding onto the damn STOCKS as we were warned month ago to pull out. I didn't think the crash would come this early.
  • S&P 500 is up roughly 190% from previous lows (down roughly 7.5% from all time highs)
  • Dow Jones 30 is up roughly 150% from previous lows (down roughly 10.5% from all time highs)

If you think this is a stock market crash, you should get out of the market now. We have had one of the strongest bull markets in our lifetime that has for the most part defied odds. We are just starting to get into a correction, nothing to be scared about unless you only have speculative over-valued crap. Could this turn into a crash, sure it could, anything could happen, but guessing is just stupid.
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Old 08-21-2015, 03:05 PM
 
Location: Barrington
63,919 posts, read 46,520,863 times
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US political parties do not control global markets. That has not however, precluded either party from portraying otherwise.
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Old 08-21-2015, 03:07 PM
 
Location: Barrington
63,919 posts, read 46,520,863 times
Reputation: 20674
Quote:
Originally Posted by incognitoe View Post
A Republican will win in 2016. And the economy is going to crash big time. This is pre-planned and there is nothing we can do to stop it.

My only regret is holding onto the damn STOCKS as we were warned month ago to pull out. I didn't think the crash would come this early.
And there are others on the sideline that will be looking for opportunities to buy.
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Old 08-21-2015, 03:09 PM
 
11,086 posts, read 8,508,235 times
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They'll blame Bush.
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Old 08-21-2015, 03:10 PM
 
Location: SC
8,793 posts, read 8,113,195 times
Reputation: 12991
What meltdown?
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Old 08-21-2015, 03:21 PM
 
Location: CO
2,172 posts, read 1,447,680 times
Reputation: 972
Quote:
Originally Posted by middle-aged mom View Post
And there are others on the sideline that will be looking for opportunities to buy.
Indeed.

Barring some big, bad news over the weekend, we'll digest these down days and consolidate for another ramp.
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Old 08-21-2015, 04:11 PM
 
Location: Salisbury,NC
16,757 posts, read 8,140,567 times
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The crash in commodities has created a need for cash to cover margin. Hedge funds need to sell to cover and then will buy on the dip to look good by the end of the quarter.


The boys are controlling the market during largest vacation month in years.
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Old 08-21-2015, 04:52 PM
 
24,363 posts, read 22,939,367 times
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Time to buy shotguns and canned goods.
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Old 08-21-2015, 04:53 PM
 
3,368 posts, read 1,592,176 times
Reputation: 1652
No. I know people like to associate timelines with presidents instead of looking at the overall picture of congress and the senate, but this blame game is already rolling and it doesn't appear to be something that will change the opinions of either of the party followers.


It is reassuring to see the market coming back to reality, although my investments are hurting. This false economy has been propped up for too long. Wait for the feds next meeting and watch interest rates. If they actually bring interest rates back to reality, then expect the inflation and the recession they have been building to begin to really show. Expect market volatility and margin calls until then.
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