Markets in a tailspin

[shady28]

This seems like much more than a normal correction.

Nikkei is down 530 / 2.8% right now.

Copper is down, Oil is down, Gold is down...

Debt-driven deflationary spiral.

 

[Knowing]

I'm just glad that while there were 1200 halts this morning due to a complete lack of liquidity, billions of dollars that certainly aren't coming out of the wages that aren't growing somehow found it's way to aapl and other market movers. Nikkei 225 opened down again, and dropped more. Shanghai is trading sideways, it's probably illegal to sell.

 

[shady28]

I'm just glad that while there were 1200 halts this morning due to a complete lack of liquidity, billions of dollars that certainly aren't coming out of the wages that aren't growing somehow found it's way to aapl and other market movers. Nikkei 225 opened down again, and dropped more. Shanghai is trading sideways, it's probably illegal to sell.

Half of the stocks on Shanghai are no longer allowed to trade, so you're close.

 

[Zorkorist]

Obv, keep selling short.

-John

 

[KillerBee]

Just let me know when it hits rock bottom and can pull the money out of the matress to invest.

 

[Zorkorist]

Do you have Cash?

The Government wants to speak to you.

-John

 

[Vic]

This seems like much more than a normal correction.

Nikkei is down 530 / 2.8% right now.

Copper is down, Oil is down, Gold is down...

Debt-driven deflationary spiral.

But Glenn Beck told me that the Feds reckless printing presses were going to cause runaway inflation!

 

[shady28]

But Glenn Beck told me that the Feds reckless printing presses were going to cause runaway inflation!

Gold has been screaming deflation for about 3 years now :

 

[PokerGuy]

Futures are looking up this morning before the open. This might be one of those days where you can make big bucks playing the timing game. If the market opens higher in a big way, I'm going to immediately short a few key stocks to cash in on the drop that will likely follow later in the morning and/or afternoon. It's unlikely IMO that the market will start way up, and then go up even further. We'll see if that bet pays off.

 

[Dulanic]

Futures are looking up this morning before the open. This might be one of those days where you can make big bucks playing the timing game. If the market opens higher in a big way, I'm going to immediately short a few key stocks to cash in on the drop that will likely follow later in the morning and/or afternoon. It's unlikely IMO that the market will start way up, and then go up even further. We'll see if that bet pays off.

Looks that way, the Hang Seng ended up nearly 1% and the overall euro zone looks pretty stable now /w China's rate change. I'd imagine the market stabalizes for now, but I don't see a massive recovery immediately.

 

[Londo_Jowo]

I'd imagine the market stabilizes for now, but I don't see a massive recovery immediately.

I suspect there's still some corrections yet to be made before we see any upward movement.

 

[realibrad]

I suspect there's still some corrections yet to be made before we see any upward movement.

It really depends on China and the Fed. If China stimulates their economy by doing what they were doing, that is, giving out loans to invest in their stock market, we will see a big drop when it again collapses. Right now China is correcting for over-investment in many sectors of its economy. We don't know all the corrections that are going to be made because the government limits what the market can do. If they decide some corrections are too painful, they will hold back corrections which will hold back the economy.

In the US, the fed may raise rates, which looks still very likely. If China allows for corrections and the Fed does not raise rates, you will see many in the US investing. If the Fed raises rates and China continues to subsidize investment, you will see floods of money coming to the US. If they both stop subsidizing investment, then it will be interesting.

 

[dmcowen674]

Hate to distract everyone from the really serious issues like where an email server was located three years ago, but just wanted to point out that financial markets are in perhaps the worst tailspin since the financial meltdown of '08/'09.

But but but all those buy Gold commercials, think of the gold.

 

[IronWing]

But but but all those buy Gold commercials, think of the gold.

Like in the ads at the top of this page.

Market is bouncing up a bit this morning. I'm still waiting for a bit more drop to move back in. Maybe I should start a rumor that Lew and Yellen inadvertently swapped hair dye this morning. That should be good for a 800pt sell off.

Welcome back, Dave! Where you been?

 

[Blackjack200]

Futures are looking up this morning before the open. This might be one of those days where you can make big bucks playing the timing game. If the market opens higher in a big way, I'm going to immediately short a few key stocks to cash in on the drop that will likely follow later in the morning and/or afternoon. It's unlikely IMO that the market will start way up, and then go up even further. We'll see if that bet pays off.

lol

Markets opened up ~ 300, now up 435.

 

[fskimospy]

This might be a good time to remind people that the average person likely does not have the resources to successfully tryband beat the market over the long term. You might get lucky a few times but in the long run it is a losing strategy.

Better to stick your stock investments in a low fee index fund and forget about them.

 

[realibrad]

This might be a good time to remind people that the average person likely does not have the resources to successfully tryband beat the market over the long term. You might get lucky a few times but in the long run it is a losing strategy.

Better to stick your stock investments in a low fee index fund and forget about them.

+1

Markets work and grow. Might as well invest in the market.

 

[IronWing]

Market is bouncing up a bit this morning. I'm still waiting for a bit more drop to move back in. Maybe I should start a rumor that Lew and Yellen inadvertently swapped hair dye this morning. That should be good for a 800pt sell off.

I was just kidding about the hair dye.

 

[OverVolt]

This might be a good time to remind people that the average person likely does not have the resources to successfully tryband beat the market over the long term. You might get lucky a few times but in the long run it is a losing strategy.

Better to stick your stock investments in a low fee index fund and forget about them.

Thats easy to say when you aren't 1 year from retirement

 

[JSt0rm]

Futures are looking up this morning before the open. This might be one of those days where you can make big bucks playing the timing game. If the market opens higher in a big way, I'm going to immediately short a few key stocks to cash in on the drop that will likely follow later in the morning and/or afternoon. It's unlikely IMO that the market will start way up, and then go up even further. We'll see if that bet pays off.

So did you do this? You would of made some money.

 

[Dulanic]

Futures are looking up this morning before the open. This might be one of those days where you can make big bucks playing the timing game. If the market opens higher in a big way, I'm going to immediately short a few key stocks to cash in on the drop that will likely follow later in the morning and/or afternoon. It's unlikely IMO that the market will start way up, and then go up even further. We'll see if that bet pays off.

That bet would be paying off.

 

[bshole]

This might be a good time to remind people that the average person likely does not have the resources to successfully tryband beat the market over the long term. You might get lucky a few times but in the long run it is a losing strategy.

Better to stick your stock investments in a low fee index fund and forget about them.

Yea I got burned trying to time that market. It is impossible. The stock market has come back a little. Hopefully the correction is over..... we should know in a week or so.

 

[JSt0rm]

I just checked and the transfer has been completed. It looks like at worse my high risk funds lost 5%. Good thing they only counted for 20% of my 401k portfolio. Since hitting 55 I had moved more of my money to the companies stable fund and medium risks funds.

Thank you for buying high and selling low.

 

[shira]

Thats easy to say when you aren't 1 year from retirement

I've got all of my retirement-fund money plus a majority of my savings in Vanguard's S&P 500 ETF (VOO), which has an expense ratio of 0.05%, and I could retire any year now. I will NOT change that investment non-mix once I do retire, because I'm probably not going to die during the next 20 years (assuming I have a normal life expectancy), and over a 20-year horizon it's wildly improbable that the S&P 500 won't be up substantially. And that's not even considering that the average dividend payment for the S&P 500 is about 2%.

I just don't understand people who argue that once you're retired, you should shift your investments into something super-safe (which almost by definition is not even going to outpace inflation). Why are people so afraid of volatility? Assuming you're investing for the long-term, and don't try to pick "winners," over time volatility is totally irrelevant.

And what I'm doing is precisely in line to what Warren Buffet has consistently recommended:

Imagine sitting down with Warren Buffett to discuss how you should invest for retirement. A lot of questions come to mind. Would he suggest buying shares of Berkshire Hathaway? Would he favor individual stocks or mutual funds? How much would he recommend one invest in stocks versus bonds? Would he suggest specific investments or just give general advice?

In his recently released letter to Berkshire Hathaway shareholders, Buffett gives us a glimpse into how he views long-term investing. As arguably the greatest stock picker of our time, his perspectives may surprise you.

Buffett describes advice he has left in his will as to how the trustee should invest money Buffett is leaving for his wife. Here’s Buffett’s advice:

“My advice to the trustee could not be more simple: Put 10 percent of the cash in short-term government bonds and 90 percent in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.)”​

 

[Darwin333]

Gold has been screaming deflation for about 3 years now :

But but but, in 2011 they said gold was heading to $3,000!!

I'd love to pull up some of those gold pumping threads from back then with people bragging about buying the shit out of it at $1600+ an ounce. Then add to their losses the compounding inflation since then which is what they were trying to protect against...