Posted on 08/24/2015 6:36:42 AM PDT by C19fan
Wall Street plummeted early Monday as traders aggressively sold stocks and bid-up only the safest asset classes.
The Dow Jones Industrial Average tumbled 577 points, or 3.5%, to 15843, the S&P 500 plunged 77.5 points, or 3.9%, to 1884, and the Nasdaq Composite dived 412 points, or 8.7%, to 4295
(Excerpt) Read more at finance.yahoo.com ...
and a majority of the voters and illegals will cry out for more government jobs, regulations, and ownership. Double check.
Goal Bring down the USA a peg or two or three check.
There is a 3rd type.
To quote Winston Churchill at the end of the Battle of Britain: “This is not the end. This is not even the beginning of the end. But, it is, perhaps, the end of the beginning.”
Wake me up when PE ratios reach a historical average.
I’ve got my popcorn and I’m watching the slaughter..no excuse for getting caught in this one; you could see the tsunami building in the Chinese markets and heading this way.
I got out of the market last week, and I’m sure a lot of other folks did, too. Once the blood-letting is over, ther should be some real bargains. Of course, this correction has the potential to make 2008 look like a walk in the park.
Isn’t the Obama Biden economy wonderful?
If a Republican were in the White House, there would be hell to pay. The media would be all over him.
Obama, though, has been enjoying another vacation while all this has been going on, and not a peep from the worshipful press.
Dow got half of it back now. -489
>> DOW up 500 pts in the past half hour! (it is all how you look at it)
LOL! I’m glad I BUNGEE-jumped out my upstairs window! :-)
I had an open limit order this morning that I fortunately lowered $1.00 a share before opening. The stock went $4.00 under before recovering. So I am now positive, but boy could I have been screwed, all within about 10 seconds of opening.
S&P has had two huge bungees so far. Up now....
Wanna bet?
>> Very attractive dividend yields there, along with XOM
That XOM is reeeely attractive. I think I have enough CAT for now though.
But are you SURE that Exxon will be around in 5 years when I need the dough? ;-)
Sure....
True. But if you take last week and keep that up for a few more weeks, we could get there, just in more slowly.
“market crash doesn’t automatically force people out of retirement.”
Correct. Especially if they would allow deflation. But with the debt levels the nation-states have, and the politics of “full employment”, forget it. There are many Trillion$ in reserves to let loose!
Go back 20 to 25 years. Inflate the DOW at 5or 6% per year straight line. The DOW is not too high..... unless you believe there is a cap that it can never go over?
AAPL down about 20% in the last three weeks
Huge buying frenzy; some up $2+. My ticker is hitting daily high after high. Am watching. May be some short term profit taking. It could go either way now.
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