Posted on 08/24/2015 8:39:34 PM PDT by canuck_conservative
Edited on 08/25/2015 6:54:18 AM PDT by Admin Moderator. [history]
Don’t know what that’s supposed to mean. Fact remains, I didn’t say anything like what you attributed to me.
And you are Bill Clinton........
Don't read what anyone actually say's...just a keep on being you.
It wasn't a normal day. It was an intense day and a lot of money was lost. Any investor that does not get jitters during these events is lying. But consider this ... the market is now down 7% for the year after having DOUBLED over the last five years.
However it is entirely normal for corrections and crashes to occur and downslides can happen fast and can happen at any time ... particularly after such a run-up over the last 5 years. People that can't handle these events and think of markets in terms of the long term (decades) ... probably should not invest.
I would not be surprised if there is more downside to come although there could be some temporary bounceback tommorrow. But who the heck knows?
Both the mini-crash and the naysayers were nearly forgotten when the market surged ahead during the summer of 1929. From June through August, stock market prices reached their highest levels to date. To many, the continual increase of stocks seemed inevitable. When economist Irving Fisher stated, "Stock prices have reached what looks like a permanently high plateau," he was stating what many speculators wanted to believe.
On September 3, 1929, the stock market reached its peak with the Dow Jones Industrial Average closing at 381.17. Two days later, the market started dropping. At first, there was no massive drop. Stock prices fluctuated throughout September and into October until the massive drop on Black Thursday.
Futures are busy tonight, too, although not as busy as last night. Looks like a minor bounce so far.
http://www.bloomberg.com/markets/stocks/futures
Watch for about the middle of the week (margin calls).
>> Are you [Kartographer] being obtuse?
No, as usual he’s being paranoid, and demanding that you be every bit at batshit paranoid as he is.
>> I’m done with you.......
Ignoring him (on this subject anyway) is not a bad idea.
>> But let us say I am wrong the warning has the warn harmed anyone?
I can think of dozens of ways that a false warning passed off as a word of knowledge from GOD can harm innocent people.
Have we ever seen any of the FReepers who predict market meltdowns ever put up cash money on puts?
I mean, if they REALLY BELIEVE that the Dow is going to zero, there is a TON of money to be made on shorting the market. But I never have seen them back up their talk with cash.
Nah, they have all their money in KING and STRG
(Freeze dried Chicken a la King and Beef Stroganoff)
But if you don’t listen to their paranoid ranting and pull all of YOUR money out of the market RIGHT NOW and buy GOLD and FREEZE DRIED FOOD, then you are an untrustworthy FReeper and should be denied a voice.
(What’s wrong with that picture? Ferris? Anyone?)
It’s a good thing there are still a few of us FReepers around with dollars. Otherwise JimRob wouldn’t be able to keep the site up and running.
Amen!
Okie Dokie
Remember: someone sold those stocks, and someone bought them. A single $35 stock share selling under $4 seems more a deliberate test or trigger by both.
A lot of positions changed hands.
Some will be sad.
Some will be glad.
Time will tell who is who.
I was looking for FR nics to answer Uscon - thanks, Kart!
Is that what they refer to as the "dead cat bounce"?
I'd bet it was like a Pastor told me once....Only 10% of the members of the church gave money to the church.
I'd guess...if everyone here just gave $2.00 a month...FR would be set!!
There were thousands of those type “deals” yesterday. Someone got a big chunk of APPL for $70. not even on the chart.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.