Dow tumbles more than 800 points. How ugly will this get?

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Nov 29, 2006
15,882
4,435
136
I just hope the upcoming crash comes under Trump, so that brain dead conservatives don't have the pretense to blame anyone but themselves.

They still wouldn't accept personal responsibility. its just a punch line for them. They never practice what they preach.
 

Bitek

Lifer
Aug 2, 2001
10,676
5,239
136
Currently down 666

Aside from the currency devaluation, China is also working putting a stop to buying of ALL is agricultural products.

US farmers are going to continue to take it up the A. They largely voted for Trump, so at least they are getting what the voted for.
 

Jaskalas

Lifer
Jun 23, 2004
35,732
10,043
136
US farmers are going to continue to take it up the A. They largely voted for Trump, so at least they are getting what the voted for.

People, in general, are economically illiterate. They do not have any idea what they are voting for.
 

IronWing

No Lifer
Jul 20, 2001
72,831
33,868
136
The rain rain rain came down down down
In rushing, rising riv'lets,
'Til the river crept out of it's bed
And crept right into Piglet's!
Poor Piglet, he was frightened,
With quite a rightful fright.
And so, in desperation
A message he did write.
He placed it in a bottle
And it floated out of sight.
 

Vic

Elite Member
Jun 12, 2001
50,422
14,337
136
Acting as if we have the market figured out is why I laugh at stupid people.

Just like when the tax reform capped deductions for home mortgages, THE REAL ESTATE BUBBLE WILL POP! PEOPLE WILL STOP BUYING HOMES!!!

... Oh wait, everyone shrugged it off and the real-estate market is still hot hot hot.

If you graph home values in SALT-capped real estate markets, you will see that the increase in values since 2012 stopped abruptly after the passage of the tax reform. Just because the bubble didn't pop doesn't mean it didn't have an effect.
 

ultimatebob

Lifer
Jul 1, 2001
25,134
2,450
126
Currently down 607. :(

Nowdays, it doesn't seem like a good idea to panic unless it drops more than 1,000 over two days. It really feels like some of these "stock market crises" are manufactured to create an easy buying opportunity for the whales out there.
 
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[DHT]Osiris

Lifer
Dec 15, 2015
17,368
16,643
146
DJI down 850 now.
Nowdays, it doesn't seem like a good idea to panic unless it drops more than 1,000 over two days. It really feels like some of these "stock market crises" are manufactured to create an easy buying opportunity for the whales out there.
875 now. @ultimatebob what about 1,000 in one day? Can we panic then? Or do you mean maintaining 1,000+ down over two days, to differentiate a panic for whale-profit?
 

m8d

Senior member
Nov 5, 2012
669
1,075
136
I just hope the upcoming crash comes under Trump, so that brain dead conservatives don't have the pretense to blame anyone but themselves.
They will find some way to blame Obama or Hillary.
 

ImpulsE69

Lifer
Jan 8, 2010
14,946
1,077
126
Honestly I dont know whether to be scared or excited. I can wait it out...the question is when will it come back.
 

Thebobo

Lifer
Jun 19, 2006
18,574
7,672
136
was down to - 991? back to under 800 900.

*ops
 
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