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Huge buying opportunity so front load your 401ks this year folks.
Absolutely correct - these Market lows are GOOD for the young (and for those with some cash to buy low). If you didn't "correct" last quarter - sit tight or look for buying opportunities if you have the cash.
The Yuan is devaluing and China had to suspend trading for the second time this week.
China is a huge buyer of big $ stuff from the US. For example:
Boeing got an order for 300 aircraft from China back in September worth $38 billion. No idea of the currency in that transaction. If Yuan, Boeing is screwed. If USD, China is screwed.
Last edited by middle-aged mom; 01-07-2016 at 05:39 PM..
I guess we need to blame the Evil-Bush-Hitler-Cheney for this disastrous fall of the Dow - that's exactly what happened the last time it fell. Looks like the Legendary "Pivot to Asia" didn't work out so well.Dow off to worst January start ever as China fears grow
Dow off to worst January start ever as China fears grow |Reuters "When you have a market that begins a year with weakness, people are sort of suspect anyway. The economy isn't moving all that well, the outlook is modest at best, and they don't want to wait for the long term. China creates more uncertainty."
The Dow Jones industrial average .DJI closed down 392.41 points, or 2.32 percent, to 16,514.1, the S&P 500 .SPX had lost 47.17 points, or 2.37 percent, to 1,943.09 and the Nasdaq Composite .IXIC had dropped 146.34 points, or 3.03 percent, to 4,689.43.
The Dow has lost 5.2 percent since the end of 2015 in the worst first four trading days since the 30-stock index's creation.
Clinton & TeamObama will continue to Pat themselves on the Back for our Economy.
Buckle your seat belts - we are in for a Bumpy Ride. Booooosh!!
Why are you always looking to blame someone? Dips are a part of normal cycle in the markets, although this bull has been running far longer than normal. We need a few thousand point drop.
Why are you always looking to blame someone? Dips are a part of normal cycle in the markets, although this bull has been running far longer than normal. We need a few thousand point drop.
I'm not really "blaming" anyone ..... just pointing out that when the Market tanked in 2008, it was ALL about the Evil-Bush-Hitler-Cheney. Now the shoe is on the Left Foot and you can bet we will hear a totally different "excuse". Enjoy your "dip" and work out how you will shift the "blame" to someone other than the Current Regime. It's what Leftist's do. It amuses me to watch the hypocrisy.
I'm not really "blaming" anyone ..... just pointing out that when the Market tanked in 2008, it was ALL about the Evil-Bush-Hitler-Cheney. Now the shoe is on the Left Foot and you can bet we will hear a totally different "excuse". Enjoy your "dip" and work out how you will shift the "blame" to someone other than the Current Regime. It's what Leftist's do. It amuses me to watch the hypocrisy.
What does this drop have to do with anything that took place in the US, what is the point in this thread. Did anyone blame Bush for the rise to 18,000 or gas at $2.20, but it's the leftists. LOL
Get over it Bush screwed up a lot of things but if you knew anything this has to do with China, time to grow up and move on.
If you can't pay the fare, don't get on the train. I'm always amazed when people freak out over a drop in the DOW. Maybe it's time to re-evaluate what you own. I don't like volatility, so I own stocks of companies who make boring things that people always need. I don't care what happens in China, people aren't going to stop smoking, using their cell phones or washing their clothes. Meanwhile, the dividends just keep rolling in.
Huge buying opportunity so front load your 401ks this year folks.
Yep. This is mostly about very weak foreign markets, the extremely strong US $, low energy prices, and poor holiday performance at brick and mortar retailers. I'm seeing this as an opportunity to buy some foreign stock funds while they're in the tank because I won't be touching them for over a decade.
The only people in a panic over this are the usual doom and gloomers here, day-traders, retailers, and corporations that live and die on a quarterly basis. So, while it's not good, it ain't that bad.
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