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You sound like a veteran. I have been an investor for 35 years! Anyway, the panic stuff means nothing. Sure the day traders get hit or maybe they make a ton, but for investors it means nothing. I was laughing at the "special reports" and they even interrupted programs to tell you the sky is falling. The fact that the DOW lost less than 10% in a clip isn't some huge meaning. The DOW is adjusting for China's shortcomings, which is fine and healthy. I hope China doesn't stimulate much if any. Let the cycle run. All is okay. The US is actually sitting in a VERY great position now that we have a more moderate president. The stock market loves democrats historically, because they don't jump into wars all the time and they don't shake things up too much.
Anyway, no big deal. It can drop another 1,000 and it means nothing. Enjoy the day.
You make absolute sense since the stock market reacts to uncertainty. The economic conditions of the US are sound compared to other nations.
As you have stated we have No Wars , Unemployment has dropped for 64 Consecutives months, Inflation is low, Gas prices are low as well.
This isn't even comparable to the conditions of 2008 when we had two wars raging in the Middle East, major Banks collapsing & the Real Estate market dying to over leveraged properties.
As for China? How is 7% growth sustainable for so many years? That economic ballon had to pop at some time. China will still grow just not at that rapid clip.
After plunging 1,000 this morning, the Dow Jones struggles to recover. For the last several days the Dow and S&P have ended on downswing.
This morning, on Sarah Palin's dial Jesus Direct Network, she got a call from a caller that said the market crash was an omen of the pending "End of Days." But then again, that is the theme song for her show which is called, "Its the End of Days, But its Just a beginning for you and me" by Taylor Swift (some of her early work, obviously). Ok, that kind of ran out of steam.
You make absolute sense since the stock market reacts to uncertainty. The economic conditions of the US are sound compared to other nations.
As you have stated we have No Wars , Unemployment has dropped for 64 Consecutives months, Inflation is low, Gas prices are low as well.
This isn't even comparable to the conditions of 2008 when we had two wars raging in the Middle East, major Banks collapsing & the Real Estate market dying to over leveraged properties.
As for China? How is 7% growth sustainable for so many years? That economic ballon had to pop at some time. China will still grow just not at that rapid clip.
Just to keep in context---the Chinese stock market has a DIS-connect with the rest of China's huge economy (unlike ours). The Chinese stock market is largely speculative, which means people use it as a venue for gambling with their spare money---which means the vast majority of Chinese do not have their 401k like pensions tied to it. Hence, it's bubble collapse, which is hugely overdue, and is a correction that does not really impact the fundamental structure of the Chinese economy. To get riled up and freak out about the Chinese stock bubble bursting is just silly, and if you go on ahead and start selling your portfolio in the US, you will regret it.
The Chinese are actually making progress in their effort to reorient their growth toward consumer spending and less on investments, and their numbers are bearing out that progress. Read and learn before you panic.
Even if China grows by 5%, it's still an envy of the world and an engine of growth. How can a 10 trillion dollar economy (China) be expected to grow at a 10% or even 7% clip? It would be totally unsustainable on so many fronts (socially, ecologically financially etc). And Chinese leaders are not wizards.
I was buying with two hands at the open of various equities. I was ok, UNTIL Apple fell to $88-$89 range for a few moments. That was when my panic switch went off. I was all in at $101 and I thought I was getting a bargain. Than someone came in and bought a huge chunk of Apple rallying it. In those moments when the Dow went past 1000 points down I was all but certain the circuit would trigger and halt trading for 15 minutes and I wouldn't have time to get out of all my positions. Thankfully it leveled off. This was the craziest 54 minutes of trading I ever saw in my life and I recall the 87' crash vividly. After things calmed down a bit I was still looking for deals but what I wanted didn't drop enough for me to jump in.
And during that wild ride most small investors could only sit and watch as the major "broke-erages" wouldn't allow them to trade.
Kind of amazing that the majors all claim that there was so much volume their sites were overwhelmed but the hedge funds,wealthy investors obviously had no problem buying at the bottom and selling off/shorting.
I'm telling ya, it's rigged and NOT in your favor...
Are people really bothered or concerned about this. Maybe if you were born after 2008.
LOL - I personally agree, but mainly because my financial assets are insulated from all this nonsense.
Today though, I noticed a fascinating thing... both the mainstream AND alternative news feeds are filled with the same negativity regarding impending economic collapse the likes of which we've never seen. I'm still remaining relaxed and not rushing out to purchase "water and canned goods" as some idiot told everyone to do in an interview (an idiot that probably has a lot of stock in Campbells).
I suspect a lot of people are indeed going to be bothered by all this negativity and people like us should just do our best to remain level-headed and hopefully to convince others, it will be ok, for real. Even if your investments lost 90% of their value in the next week or two, so what... they're investments, not cash. By definition they don't need to be liquid today. Keep them where they are and ride this out to wherever it goes as it is truly too late to pull out now without substantiating massive losses.
LOL - I personally agree, but mainly because my financial assets are insulated from all this nonsense.
Today though, I noticed a fascinating thing... both the mainstream AND alternative news feeds are filled with the same negativity regarding impending economic collapse the likes of which we've never seen. I'm still remaining relaxed and not rushing out to purchase "water and canned goods" as some idiot told everyone to do in an interview (an idiot that probably has a lot of stock in Campbells).
I suspect a lot of people are indeed going to be bothered by all this negativity and people like us should just do our best to remain level-headed and hopefully to convince others, it will be ok, for real. Even if your investments lost 90% of their value in the next week or two, so what... they're investments, not cash. By definition they don't need to be liquid today. Keep them where they are and ride this out to wherever it goes as it is truly too late to pull out now without substantiating massive losses.
Your assessment is probably (hopefully) correct unless the company you're invested in pulls a GM on it's investors.
And during that wild ride most small investors could only sit and watch as the major "broke-erages" wouldn't allow them to trade.
Kind of amazing that the majors all claim that there was so much volume their sites were overwhelmed but the hedge funds,wealthy investors obviously had no problem buying at the bottom and selling off/shorting.
I'm telling ya, it's rigged and NOT in your favor...
I didn't have any issues getting orders in. We all had a pretty good idea that the market was going to open low so I put my orders in ahead of time with my broker that handles certain things for me. The rest I did on my own. Buying opportunities like this don't come around often. The markets are a game in a never ending season, some day's you win, some day's you lose.
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Anyway, the panic stuff means nothing. Sure the day traders get hit or maybe they make a ton, but for investors it means nothing. I was laughing at the "special reports" and they even interrupted programs to tell you the sky is falling. The fact that the DOW lost less than 10% in a clip isn't some huge meaning. The DOW is adjusting for China's shortcomings, which is fine and healthy. I hope China doesn't stimulate much if any. Let the cycle run. All is okay. The US is actually sitting in a VERY great position now that we have a more moderate president. The stock market loves democrats historically, because they don't jump into wars all the time and they don't shake things up too much. 
An Omen
