Markets in a tailspin

[Londo_Jowo]

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.

 

[Vic]

Looks like it already found the bottom, and at a higher level than I expected.

 

[Blackjack200]

If it hangs on to less than 1% down on the day, I'd agree. Seems like an Asian markets issue, and if 8% on the Shanghai can only drive the US down fifty to a hundred basis points it seems like investors are more interested in buying opportunities than running for the hills.

 

[realibrad]

Looks like it already found the bottom, and at a higher level than I expected.

Its not dropping big like it was, but it still dropping. There are still likely big adjustments going to happen in China which will effect the US.

 

[Blackjack200]

Its not dropping big like it was, but it still dropping. There are still likely big adjustments going to happen in China which will effect the US.

Chinese monetary and fiscal stimulus, which will mostly help the US.

 

[woolfe9998]

The DOW is down only 137 at the time I write this. If that holds to the closing bell, this was an ordinary bad day in the market that we get all the time. It isn't looking like a harbinger of doom.

 

[Newell Steamer]

So what is Wall Street going to ask for this go around - another $700 billion? Or will they double up to $1.4 trillion?

 

[ivwshane]

If it hangs on to less than 1% down on the day, I'd agree. Seems like an Asian markets issue, and if 8% on the Shanghai can only drive the US down fifty to a hundred basis points it seems like investors are more interested in buying opportunities than running for the hills.

That's what it looks like to me. This morning it was down 600+ now it's only down 140. I was hoping it was going to continue sliding so I could pick up some cheap stocks.

 

[Genx87]

So what is Wall Street going to ask for this go around - another $700 billion? Or will they double up to $1.4 trillion?

Too big to fail

 

[realibrad]

Chinese monetary and fiscal stimulus, which will mostly help the US.

China has been doing stimulus for years now to spur growth. The adjustments we are seeing now in terms of their stock market are because of the previous stimulus. The Chinese government was giving out loans to people so they could buy stock. Its like how the US was pre 2008 and home loans.

I suppose they could try more stimulus, but they have already lost trillions in their market in a very short time and growth is slowing down.

 

[JSt0rm]

The DOW is down only 137 at the time I write this. If that holds to the closing bell, this was an ordinary bad day in the market that we get all the time. It isn't looking like a harbinger of doom.

Unless down 137 is our "bounce" before the doom. lol. either way I put some money in today for my roth ira. I'll wait and see which way we go before adding more.

 

[Newell Steamer]

Too big to fail

Iceland begs to differ.

Let's see who repeats the past this go around.

 

[First]

Except for the fact that it's only primarily held in contempt by those who worship at the feet of Paul Krugman who has long ago abandoned any objectivity in favor of leaning hard left in every economic narrative he takes.

Well except the fact that Krugman has nailed the entire crisis. He missed on Eurozone currency breaking up 2 years ago, it has held together. But certainly not without a lot of drama (be it Greece or whoever).

 

[BoberFett]

So what is Wall Street going to ask for this go around - another $700 billion? Or will they double up to $1.4 trillion?

Don't worry, I'm sure Obama and Hillary will put Wall St in their place.

LMFAO!

 

[realibrad]

Well except the fact that Krugman has nailed the entire crisis. He missed on Eurozone currency breaking up 2 years ago, it has held together. But certainly not without a lot of drama (be it Greece or whoever).

What do you think Krugman was right about exactly?

 

[fskimospy]

What do you think Krugman was right about exactly?

He was right about how despite large government deficits inflation and interest rates would stay low, and how fiscal multipliers in the aftermath of the crisis were well above 1.

I would say those were both positions that were entirely rejected by conservatives and even many mainstream economists, but he pretty much knocked it out of the park on those. From an economics perspective those seem to be some of the largest issues we've faced over the last 6 years.

 

[OverVolt]

Good guy Krugman.

He is insightful at times, and irritating to read at times.

 

[JSt0rm]

tailspin mode activated. Im going to buy in again at 12k and again at 10k

 

[realibrad]

He was right about how despite large government deficits inflation and interest rates would stay low, and how fiscal multipliers in the aftermath of the crisis were well above 1.

I would say those were both positions that were entirely rejected by conservatives and even many mainstream economists, but he pretty much knocked it out of the park on those. From an economics perspective those seem to be some of the largest issues we've faced over the last 6 years.

And you have now loaded First and anything he might give as an opinion will be tainted by the fact that he may simply copy your response. There was a reason I asked him and not you.

I asked him for his opinion. Too late now I guess.

 

[Victorian Gray]

What do you mean the low dollar? The dollar has hugely appreciated as compared to global currencies in recent years. It's way more valuable than it was a few years back.

Canadian dollar, he's talking about Canada.

 

[Nebor]

Canadian dollar, he's talking about Canada.

I guess I just always assumed that Canada operated on the barter system. A moose for two hockey sticks and a pint of maple syrup, and so on and so forth. That's why your universal health care works.

 

[Newell Steamer]

Don't worry, I'm sure Obama and Hillary will put Wall St in their place.

LMFAO!

And if they opened up the tax coffers like a tough and let the bankers gorge, I am sure you would bash them as well then.

We get it; you are a racists and a misogynist.

 

[Victorian Gray]

I guess I just always assumed that Canada operated on the barter system. A moose for two hockey sticks and a pint of maple syrup, and so on and so forth. That's why your universal health care works.

Yep, got treated for cancer in exchange for a couple of beaver pelts and some birch bark.

 

[Charmonium]

Canadian dollar, he's talking about Canada.

IOW, just call a loonie a loonie.

 

[Victorian Gray]

IOW, just call a loonie a loonie.

:biggrin: