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Funny, nobody said 1% per day for 30 days, so you are just making up a counter argument to a point that nobody made, go figure. Meanwhile, since todays panic and hand-wringing about the markets being down less than 1% they are back in the green. Do you see the bigger point here? Coming here to cry about 1% point changes in either direction at 10AM when the market has been open for 30 minutes is a bit ridiculous. There is a reason traders refer to the 9:30 - 10:30AM hours as amateur hour.
It may seem ridiculous to you, but we just had the worst December since the great depression, so it is concern to see the massive markets swings are still happening.
It may seem ridiculous to you, but we just had the worst December since the great depression, so it is concern to see the massive markets swings are still happening.
I assure you, I'm not the only one who thinks its ridiculous to complain about a <1% drop in the first half hour of trading on ANY day. Markets go up, markets go down. I still believe there is more down to come in the near future, and it certainly isn't some measly .5% dip in 30 minutes that I'm going to cry about.
Oh, and down ~1% then up ~1% in a day isn't a "massive market swing"
I assure you, I'm not the only one who thinks its ridiculous to complain about a <1% drop in the first half hour of trading on ANY day. Markets go up, markets go down.
It has been going down hard and fast, but Trump supporters have no other choice than to say there is nothing go worry about. One of you guys came forward after a 1000 point drop to say it was a great buying opportunity. The DOW was over 25 000 at that point. These daily massive point swings are far from normal.
It has been going down hard and fast, but Trump supporters have no other choice than to say there is nothing go worry about. One of you guys came forward after a 1000 point drop to say it was a great buying opportunity. The DOW was over 25 000 at that point. These daily massive point swings are far from normal.
Again, a 1% swing in both directions is what I was talking about in a reply to your drama over the ~0.5% drop for half an hour this morning. Simple as that.
I don't know who "you guys" are, but I'm going to assume you mean people who don't think some idiot in the Oval Office really contribute much of anything to the overall long term performance of the stock markets.
Again, explain how today is a "daily massive point swing" as you claim.
- The 1-year/7-year yield curve is inverted.
- So is the 6-month/5-year
I keep reading that as per the yield curve indicators, the earliest a recession is expected is "end of 2019" which still seems kind of further out than I'd anticipate, but definitely seems like its coming. My guess would be closer to mid-2019. Lots of talking heads saying they think "the bottom is in" today. I definitely don't buy that.
Looking back at 2018, it seems it was the year when market volatility (wild ups and downs) became the new normal. Just last month we saw many days with 500-700 (and more) point fluctuations.
I keep reading that as per the yield curve indicators, the earliest a recession is expected is "end of 2019" which still seems kind of further out than I'd anticipate, but definitely seems like its coming. My guess would be closer to mid-2019. Lots of talking heads saying they think "the bottom is in" today. I definitely don't buy that.
And now Apple just warned on Q1 earnings, primarily due to emerging markets and China. Not a good sign for tomorrow and long term.
Well, Apple just announced headwinds going forward.
Aftermarkets/futures are going nuts on the downside.
Just like Carter Worth predicted two weeks ago which I posted upthread, bad 4Q report or bad guidance for 1Q2019 in January will set off a "real" correction. Carter has long maintained market has not suffered enough pain yet. End of December he was advising everyone to sell. All year, it has not been wise to buy the dips. Only the traders have benefitted and those who play the short side and leveraged ETFs. Carter predicted in February, 2018 market would end the year lower. He was right about that, he's very likely right about the January sh*tstorm yet to come. Tonight he said buy gold as things are looking pretty bad for equities.
Tim Cook from Apple cites issues with TARIFFS and their impact on China and other global markets, along with other factors as the culprits for Apple, China, globally.
TARIFFS sent the market into a tizzy in February - and it has never found its footing after several false starts - clearly an indicator.
As long as Trump and his merry band of idiots are running this country, we can expect no good things in the stock market or for business as its begins to see its sales slow and cost of production rise because of the tariffs. Already happening.
Trump has accelerated the advent of the recession and tariffs have exacerbated what may be a ferocious bear market, which will now occur sooner rather than later.
MAGA
Last edited by Ariadne22; 01-02-2019 at 05:54 PM..
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