Posted on 01/31/2014 6:48:57 AM PST by John W
U.S. stocks tanked on Friday, with investor sentiment slammed by increasing worries about trouble in emerging markets.
"This is more of a geoeconomic kind of thing. The Friday dates plays into this, the end of the month plays into this, and it does appear emerging markets, one by one, will need to take additional central bank action over the next few days," said Jim Russell, senior equity strategist for U.S. Bank Wealth Management.
(Excerpt) Read more at cnbc.com ...
And that was just about the time silver topped out before falling.
A market without some corrections is unhealthy, like a tree growing straight to the sky. Much healthier for the tree to grow slower and establish a root system.
This market is a tree with no root system. Too much. Too fast.
10:45 AM ET Standard and Poor’s 500 Index 1775.91 18.28 -1.02%
Cleanup on aisle 3.
Yep. Da boys hate the people's money. Can't have the people having too much of anything that might free them, even Fed Reserve debt notes.
In many respects, the Fed IS the market. It’s artificial stimulation has caused great distortions in asset prices and its actions have led to malinvestment. There is a price to pay for its intervention.
“They will seize your IRA and 401K. And Americans will beg them for the Treasury bond they will offer when it gets bad enough. Trust me.”
Why yes they will.
The Fed will be busy today attempting to “stabilize” the markets.
And as Warren Buffet says...invest in good companies and hold em until you find even better ones (I paraphrased a wee bit).
Personally, I prefer ETF's.
I don't remember the source, but I was reading just a little while ago that most individual investors are still on the sidelines (except through mutual funds).
Harry Dent predicted this.
“Equity Funds Have Largest Weekly Outflow In Over Two Years”
http://www.zerohedge.com/news/2014-01-31/equity-funds-have-largest-weekly-outflow-over-two-years
All bears predicted this. And all bulls predict the inevitable bounce when the market starts its steady climb into the future.
Down 133 at 11:21 ET.
BS. The only way to make profits is to buy low and sell higher. If you held equities the past 20 years you made nothing.
Don’t buy stacks buy debt it has higher returns see China.
“Will this be a really bad day under Obama? Usually not allowed to happen.”
Appears that it will not be allowed to happen today.
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