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Old 08-21-2015, 08:13 PM
 
Location: Tucson, AZ
1,588 posts, read 2,530,736 times
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DJIA on Jul 20th 18,100 Aug 21st 16,460..... nothing to worry about folks. Nothing. At. All.
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Old 08-21-2015, 08:17 PM
 
3,038 posts, read 2,411,814 times
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Quote:
Originally Posted by Mircea View Post
Stock Markets are irrelevant. They are neither required for any functioning economy nor is their performance indicative of the economy.
Ownership markets are indeed necessary to a functioning economy and will naturally exist when government intervention is not present.
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Old 08-21-2015, 08:51 PM
 
816 posts, read 967,846 times
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The secondary markets are pretty important. Without them, the primary equity markets would lack liquidity and would lose some of their charm. And the primary equity markets are essential for raising capital. The markets also serve as a barometer of instantaneous confidence in the economy. Yes there is speculation and exuberance, but lets not pretend that its all a made up childs play.
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Old 08-21-2015, 09:12 PM
 
Location: Oregon, formerly Texas
10,065 posts, read 7,232,760 times
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I think most rational people understood that 18000 was a bubble.

I don't think it'll be anywhere near 2008 bad or even 2000 bad. The bigger problem is that we're overall weaker going in than we were in either 2008 or 2000. I wonder if we're in for a long period of malaise like the 70s. The 70s through about 1984 were a lot like this, when you thought things were getting better, the economy would dip again and be like "tricked ya!"
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Old 08-21-2015, 09:55 PM
 
Location: TN/NC
35,057 posts, read 31,271,982 times
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Quote:
Originally Posted by redguard57 View Post
I think most rational people understood that 18000 was a bubble.

I don't think it'll be anywhere near 2008 bad or even 2000 bad. The bigger problem is that we're overall weaker going in than we were in either 2008 or 2000. I wonder if we're in for a long period of malaise like the 70s. The 70s through about 1984 were a lot like this, when you thought things were getting better, the economy would dip again and be like "tricked ya!"
This. There are no bullets left in the Fed gun and the fed is completely silent.
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Old 08-21-2015, 11:03 PM
 
10,225 posts, read 7,577,745 times
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Quote:
Originally Posted by Poor Chemist View Post
The Dow was down 530 points today. The unemployment rate is considered good and the economy is so called doing well but does a 530 point drop concern anyone?
Yes. I'm wondering if this is the start of a bear market.

Usually I think that a dip is a good buying opportunity....but yesterday I had a bad feeling about it, and I was too busy working, to buy anything. I'm so glad I didn't, because it hit worse today. I didn't buy today because if it's the start of a bear market, I may get out totally soon.

The source I follow said to expect a bear market at the end of the year, so I was prepared for that. But not this. The source sent an email out saying that we should be on the lookout for more emails....he may change his end of year prediction and recommend getting out soon because it's possible the bear came early. But he didn't call it a bear or say to sell just yet.

A bear market is defined, I think, as 3 months in a row of loss in the market. I haven't looked to see if we've hit that. I think we have, but not sure.
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Old 08-21-2015, 11:06 PM
 
10,225 posts, read 7,577,745 times
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Quote:
Originally Posted by andywire View Post
Who cares. US stocks are overvalued. A correction is what most of us have been asking for over the past year.



And what will be the catalyst?
This is more than a correction. Institutions and funds are bailing out big time, which of course triggers losses, so retail investors bail, too.
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Old 08-21-2015, 11:08 PM
 
10,225 posts, read 7,577,745 times
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Quote:
Originally Posted by richrf View Post
Well, life is all about learning. A mega disaster is brewing that will involve both social and financial upheavals. Too many people every where life is all b about making money by gambling on the stock market even if it means destroying the lives of 100s of millions of people. We'll see how well this strategy will work out.
Investing in the stock market is not gambling (although day traders gamble, I'd say). We invest in businesses, which use that capital to build their businesses. Very different from a crap shoot.
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Old 08-21-2015, 11:17 PM
 
Location: home state of Myrtle Beach!
6,896 posts, read 22,521,264 times
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Of course it's down! I'm really close to being able to cash in a 401k. Lost $5k already!
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Old 08-22-2015, 12:11 AM
 
Location: Clinton Township, MI
1,901 posts, read 1,828,387 times
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Quote:
Originally Posted by bpollen View Post
Investing in the stock market is not gambling (although day traders gamble, I'd say). We invest in businesses, which use that capital to build their businesses. Very different from a crap shoot.
This isn't really correct though. When you buy a stock you aren't really investing in the company, you are investing in a trading matrix of paper assets. When the company went Public, that's when it received the money it was going to receive which mainly translates to the Corporate Executives getting a MAJOR pay-day.
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