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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.
Couldnt the same be said about the initial fall in 2008 give or take?
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.
You don't understand the market dynamics behind the Dow Jones, and what (and more importantly who) was responsible for the Great Recession and the market dropping currently.
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.
Lord still my heart someone actually reads economic news with a wider view than the hot spot of the day!
"worst start in History" my arse. I started investing in the market when it was around 3-4,000. Dropping a couple of thousand points from 17,000 is no big deal. Just wait until it drops a couple more times and then buy some bargains.
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.
Sorry, but you are the only one talking about blame. Ironically you cry blame because of a dip followed by a 300% gain.
Your attempt to project it on me is not working.
Fortunately most Americans have better understanding of things.
"worst start in History" my arse. I started investing in the market when it was around 3-4,000. Dropping a couple of thousand points from 17,000 is no big deal. Just wait until it drops a couple more times and then buy some bargains.
I see all the Bots have the same silly talking point.
Needless to say All You Walmart Shoppers / American Traitors.. Gave China a False sense of security and they over extended themselves.. OOOppss Soooo sarrey hahaahaaha
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