Posted on 08/24/2015 4:00:11 AM PDT by EBH
U.S. stock index futures screamed lower, with Dow futures (Chicago Board of Trade: @DJ.1) tumbling more than 400 points, as fears surrounding the health of China's economy multiplied.
These concerns saw the benchmark Shanghai Composite (Shanghai Stock Exchange: .SSEC) index notch up its biggest one-day percentage loss since 2007 on Monday, closing down 8.5 percent .
Panic spread to European markets, with the pan-European FTSEurofirst 300 (FTSE International: .FTEU3) as much as 3 percent in early London trading. All major bourses were off a similar amount. The index has shed over $1 trillion in market value in August so far.
(Excerpt) Read more at finance.yahoo.com ...
You are assuming that all crashes will bounce back at the same rate. Since I think the last recovery was really a bubble, at some point there will not be a bounce back. If you look at the stock market after the depression, it was slow going.
Check out cvx (chevron), if it is not in your portfolio.
; )
I’ve been looking at it. But for now, I’ve got XOM, RDS/B, and BP. Been adding to those positions all Spring/Summer whenever there was weakness.
Obama’s fault. His is the second Carter administration.
Yup...if you are a moron.
I had been accumulating cash for the past 3-4 years, with the intent of picking up stuff that pays a decent dividend, whenever the buying opportunity presented itself. I had a little cash during the 08-09 down market and picked up some stuff cheap then.
Mrs. abb & I are both retired, so the extra income will be used to take another trip to Yellowstone, or the Smokies, or Grand Canyon, or Florida.
In NYC, beware of falling bodies from tall buildings.
Take THAT! William Devane.
The market capitalization (this doesn't include dividends) of the S&P 500 index has declined for about 25% of the years since 1950. It has declined over a ten-year period less than 13% of the time. With that in mind, why would anyone decide not to invest for the long term?
He won’t notice anything until he reads about it in the newspaper. /sarc
It’s called funnelling and it is how the oligrachy controls every facet of Americans lives. The fed funnels you to the stock market, the feds funnel you to Obamacare. 6 of one, half dozen of the other.
If you phrase the premise that way, gov’t employees and their unions will fight you tooth and nail. You won’t get their vote.
The key is to understand how unions work against the worker. Union bosses don’t care if bright younger gov’t employees like the one who led us to OBL lose their jobs while the shlub surfing porn sites all day keeps his.
Wow. How do they feel now about making that statement this morning. When will they wake up?
I usually watch Fox Biz, but like CNBC it’s just a huge collection of “voices”. You can hear any opinion you want on CNBC, from Rick “Tea Party” Santelli to liberal lunkhead Steve Liesman.
They are if they are out of work and have nothing liquid.
We are pretty much in the same camp. My brother does 800-1000 trades per year.
some people see ridiculous conspiracies everywhere
followed by QE5 and QE6 as somebody else noted.
Until the dollar bill can be used as a napkin.
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