Skip to comments.Nike Plummets 6.2% as Dow Jones Sinks 800+ Points [Silver Lining]
Posted on 10/10/2018 1:16:11 PM PDT by SoFloFreeper
Watching the Fox biz hour via YouTube.com, and they have shown some graphics on the Dow losers of the day.
Looks like the biggest loser of the Dow 30 so far is the America hating NIKE. Down more than 6%.
NKE had already been falling for days, already erasing the “Kaepernick boost” prior to today’s pounding (not that the media would tell you that)
I for one am not distressed. When markets keep moving up in a straight lines I get nervous. Periodic speed bumps and minor corrections are like safety valves on a boiler. They keep the market from getting overheated and blowing up. Stocks have been getting a bit frothy lately and I was thinking a a break was needed. If we drop more than 15% I might start to get nervous. But until then, just gonna sit back and watch the playoffs.
My worry is how this affects midterms. Remember 2008?
And Tiffany’s is down 10%... guess the women overdid their Kav protests.
Lots of “luxury” companies down it seems.
Market is MORE overvalued than before the crash of 1929.
I firmly belive that if we hold the house and senate on nov 6, the chinese trade negotiators will sign a deal on nov 7 and the market will sky rocket. Chinese hoping for a weakened trump and weakened america. Vote!
October is always a tough month on the market and people have finally taken profits. Earnings are still incredibly strong so by November, this will bounce back. Time to buy bargains.
The basis of thee Great Depression was the collapse of the World’s reserve currency, the British pound - not stock valuations, and not Smoot-Hawley tariffs.
Dollar Cost Average right now.
“So take heart folks.”
Hopefully, those who live off their investments remember such mistakes as taking too much out any one year to live upon. Always better to live a bit lower than you really want.. And my beloved keeps telling me if the stocks go down, be ready to buy...
One of the first questions I was asked prior to retirement and setting up my reimbursements was if I get ‘stock nervous,’ at all. I assured the man that though I look at stocks daily I tell myself it can always get worse and look wait a bit longer before yelling. LOLOL It’s worked so far.
Correct, earnings are strong, but stock prices have moved up faster than gain in earnings. Which translates into market is historically overvalued. Trade safe if you are nearing retirement.
You’re right. Looking to see what profits can be had and what has to be sold to offset those gains before year end.
The Dow corrected a little, and hysterical, screeching blurbs from a news link site knocked it down quite a bit.
IOW, they’re back to normal after the big rise last month.
Rich, famous leftists have been predicting a market crash for a while.
Well, yes. But how do you define “nearing”? :)
My investment guy has me in 70% stock, most of which is domestic. I’m ok with that level of risk. I’ve got maybe 10 years to go MAX until I retire.
What’s the Greek word for “loss”?
FBN is trying to scare people into thinking doomsday is coming.
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