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Old 07-31-2014, 07:20 PM
 
Location: Under a bridge
2,420 posts, read 3,838,868 times
Reputation: 2496

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Quote:
Originally Posted by treasurekidd View Post
Today's plunge?? 1.8% is now considered a "plunge"? Wow.
Ah.... let me see. Yes.

Plunge. Drop. Dive. Sink. Fall. Plummet. Add your own synonyms. It certainly wasn't a collapse or a meltdown.

Geez. This is all you got to post? SMH at trolls.
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Old 07-31-2014, 07:59 PM
 
3,760 posts, read 5,296,763 times
Reputation: 6188
I succeeded at investing today. I did nothing.
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Old 07-31-2014, 08:01 PM
 
Location: Warwick, RI
5,450 posts, read 6,240,814 times
Reputation: 9369
Quote:
Ah.... let me see. Yes.

Plunge. Drop. Dive. Sink. Fall. Plummet. Add your own synonyms. It certainly wasn't a collapse or a meltdown.

Geez. This is all you got to post? SMH at trolls.
I think someone has been watching to much CNBC. Down 300 on the Dow may sound like a lot, especially with the all the CNBC and Yahoo Finance hysterics trying to make it sound like the Great Depression Part II has begun, but 1.8% is a relatively minor move, and an altogther normal one. It is not a plunge, plummet, dive, catastrophe, or disaster in any way, shape or form. You want to talk plunge, see me once we get past a 20% correction.
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Old 07-31-2014, 09:15 PM
 
Location: Suburban wasteland of NC
354 posts, read 280,025 times
Reputation: 361
Quote:
Originally Posted by treasurekidd View Post
I think someone has been watching to much CNBC. Down 300 on the Dow may sound like a lot, especially with the all the CNBC and Yahoo Finance hysterics trying to make it sound like the Great Depression Part II has begun, but 1.8% is a relatively minor move, and an altogther normal one. It is not a plunge, plummet, dive, catastrophe, or disaster in any way, shape or form. You want to talk plunge, see me once we get past a 20% correction.
I've got some money in a biotech fund, I see 3 - 4% swings almost daily
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Old 08-01-2014, 03:17 AM
 
106,242 posts, read 108,257,613 times
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Quote:
Originally Posted by treasurekidd View Post
I think someone has been watching to much CNBC. Down 300 on the Dow may sound like a lot, especially with the all the CNBC and Yahoo Finance hysterics trying to make it sound like the Great Depression Part II has begun, but 1.8% is a relatively minor move, and an altogther normal one. It is not a plunge, plummet, dive, catastrophe, or disaster in any way, shape or form. You want to talk plunge, see me once we get past a 20% correction.
i am only 40% equities and saw a 25k drop yesterday. it was a lot for ones pucker factor even in a seasoned investor like myself. i don't react but that feeling in your stomach never goes away , it just gets worse as you have more and more money in your investments as time goes on..

heck , back in 1987 i saw my 100% equity holdings drop 22% in one afternnon. but i had no where near the money yet back then. that didn't give me the same feeling as that drop in both equities and bonds did yesterday..

it isn't the percentage that gets you as much as the amount in dollars and cents. but as they say don't just do something , stand there!

Last edited by mathjak107; 08-01-2014 at 04:20 AM..
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Old 08-01-2014, 06:15 AM
 
410 posts, read 600,473 times
Reputation: 361
Quote:
Originally Posted by Giants6 View Post
Wow, lots of futures in the red. Could be 48 hours of pain between now and the weekend.
I'm quoting myself here. Looks like another rocky day on wall st. Good fodder for the weekend.
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Old 08-01-2014, 08:08 AM
 
26,181 posts, read 21,481,737 times
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It was down premarket but in the green now. Wouldn't be shocked if it turns negative some later today
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Old 08-01-2014, 09:10 AM
 
Location: The Pacific NW.
879 posts, read 1,959,382 times
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Quote:
Originally Posted by treasurekidd View Post
Down 300 on the Dow may sound like a lot, especially with the all the CNBC and Yahoo Finance hysterics trying to make it sound like the Great Depression Part II has begun, but 1.8% is a relatively minor move...
A 1.8% move in one day is NOT a "minor move" on the Dow, considering it averages less than .5% (in either direction) and considering that, in the last year, the Dow has moved more than 1.8% just three other times.

I think that "plunge" is a perfectly appropriate way to describe Thursday's action.
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Old 08-01-2014, 09:13 AM
 
26,181 posts, read 21,481,737 times
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Quote:
Originally Posted by LongArm View Post
A 1.8% move in one day is NOT a "minor move" on the Dow, considering it averages less than .5% (in either direction) and considering that, in the last year, the Dow has moved more than 1.8% just three other times.

I think that "plunge" is a perfectly appropriate way to describe Thursday's action.


It's all of a matter of opinion but I don't see the movement of 1.8% as a minor move or plunge one is downplaying the other overdramatizing of course imo
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Old 08-01-2014, 09:35 AM
 
Location: The Pacific NW.
879 posts, read 1,959,382 times
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Quote:
Originally Posted by Lowexpectations View Post
It's all of a matter of opinion but I don't see the movement of 1.8% as a minor move or plunge one is downplaying the other overdramatizing of course imo
Well, my point was that it's silly to criticize someone for calling a move that's nearly 4 times the average a "plunge," and then go and call it a "minor move" yourself. One can debate the semantics of whether "plunge" is the best word to use (I happen to think it's fine and not at all overly-dramatic), but by definition, a relatively large drop like Thursday's cannot be called a "minor move."
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