Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Drudge: NO SANTA IN SIGHT WORST CHRISTMAS EVE EVER
Drudge Report ^ | December 24, 2018 | Matt Drudge

Posted on 12/24/2018 3:52:48 PM PST by conservative98

NO SANTA IN SIGHT
WORST CHRISTMAS EVE EVER
DOW -653
FALLS BELOW 22,000



TOPICS: Chit/Chat
KEYWORDS: christmas; drudge; economy; fakenews; homonews; trump
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-83 next last
To: Lurkinanloomin

I was thinking it was under 20K not too long ago.


61 posted on 12/24/2018 7:53:05 PM PST by buffyt ( Please Send Global Warming to Texas Hill Country! We are FREEZING!!!!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: odawg

Oh. OK. I get it now.


62 posted on 12/24/2018 8:16:02 PM PST by firebrand
[ Post Reply | Private Reply | To 51 | View Replies]

To: Pilgrim's Progress

No they were not. Go look at the charts. The NASDAQ was already down 10% BEFORE Election Day. The NASDAQ high was late August. It started really falling in October, mostly due to interest rate hikes and bond yields. The idea that the election is responsible for the fall does not hold up to any factual study. In fact, the DOW actually rose the day after the election. Look it up.


63 posted on 12/24/2018 8:24:13 PM PST by NELSON111 (Congress: The Ralph Wolf and Sam Sheepdog show. Theater for sheep. My politics determines my "hero")
[ Post Reply | Private Reply | To 23 | View Replies]

To: Eccl 10:2

False. The drop started before the election. Look at the S&P 500, DOW and NASDAQ charts. All of their peaks occurred long before the election. The NASDAQ had lost 10% of its value before Election Day. It’s now down 20%. So, from late August to November 6th, it lost 10% and from November 6th to the first part of December it didn’t lose much. Then it’s lost another 10%. Had the election impacted the market, that other 10% would have been right after the election not a month later. It’s not the election-it’s the tariffs, the interest rates, the bond yields and the global economy - plus the fact the FED wants the economy to crash on Trumps watch (along with the other globalists).


64 posted on 12/24/2018 8:31:27 PM PST by NELSON111 (Congress: The Ralph Wolf and Sam Sheepdog show. Theater for sheep. My politics determines my "hero")
[ Post Reply | Private Reply | To 36 | View Replies]

To: NELSON111

No, you are wrong and I am right.

The stock market is predictive, not reactive.

The SP500 peaked in early October, then sensed the Democrats would win the House.

The market predicted the Democrats would win the House around Oct 1, and began to sell off.

Sorry.


65 posted on 12/24/2018 8:53:51 PM PST by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart and lean not on your own understanding")
[ Post Reply | Private Reply | To 64 | View Replies]

To: BobL
Like button needed for your posts.

Someone needs to wake these ridiculous morons up and tell them we have a few trillion dollars of capital to burn before any downturn occurs. We also need to fire a few million employees, who then need to run out of money. Oh and all that money the banks are lending needs to be defaulted on, and all the money coming back from overseas needs to be immediately burned. Those huge corporate earnings need to disappear and the 5% upturn in Christmas retail - just pretend that didn't happen.

Wall Street is not individual success, unless you like having your wealth on paper controlled by strangers.

66 posted on 12/24/2018 9:25:42 PM PST by AAABEST (NY/DC/LA media/political industrial complex DELENDA EST)
[ Post Reply | Private Reply | To 8 | View Replies]

To: conservative98

I wish I had CASH because I see several buying opportunities!


67 posted on 12/24/2018 10:40:53 PM PST by onyx (JOIN 300 CLUB BY DONATING $34 MONTHLY! TRUMP'S WAY IS THE WINNING WAY!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: conservative98
WORST CHRISTMAS EVE EVER

Even worse than 2008, really?




November 2008 employment report

nonfarm payroll:  -533,000
unemployment rate:  6.7%

December 24 2008  DJIA:  8468.48


68 posted on 12/24/2018 11:09:52 PM PST by greedo
[ Post Reply | Private Reply | To 1 | View Replies]

To: conservative98

I’m content - Merry Christmas!!!


69 posted on 12/25/2018 3:59:48 AM PST by trebb (Those who don't donate anything tend to be empty gasbags...no-value-added types)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Eccl 10:2

Ok. Whatever. I make my living in the markets. I literally am in front of a trading computer every day the markets are open. I watch Twiiter feeds and how the markets react and trade SPY/QQQ puts and calls (strangles and straddles) accordingly). I’ve watched a perfectly green market tank on a Trump tweet, and I watched a recovering market drop 2% on a tweet (like yesterday). Our trading team worked puts and shorts (and TVIX) into our strategy for the fall-and especially December and it had zero to do with the election. But you’re the genius.


70 posted on 12/25/2018 5:51:25 AM PST by NELSON111 (Congress: The Ralph Wolf and Sam Sheepdog show. Theater for sheep. My politics determines my "hero")
[ Post Reply | Private Reply | To 65 | View Replies]

To: NELSON111
You only lose in the market when you sell at a lower price than you bought.

I've been "letting it ride" in the markets since 1982. On paper, I am very wealthy. I have sold very little stock since then. Almost always buying. When stocks drop, it's actually good for me because dollar cost averaging allows me to buy additional stocks at a lower price. Then I ride them back up.

71 posted on 12/25/2018 5:58:15 AM PST by SamAdams76
[ Post Reply | Private Reply | To 70 | View Replies]

To: SamAdams76

Buy the dips. Most people I know who make money in the market do two things: buy when everyone else is selling, and sell when everyone else is buying. This correction seems to be all psychological. Stock prices moved too far too fast. That seems to apply only to the upside, because wipeouts take a few days while gains take months. But the fundamentals look oaky, low inflation, low unemployment, decent earnings.


72 posted on 12/25/2018 6:12:15 AM PST by chimera
[ Post Reply | Private Reply | To 71 | View Replies]

To: SamAdams76
Yep. And those in the markets also know there is money to be made both ways. There is just as much money to be made n the market when it drops as there is when it rises. I learned this lesson early on. Now that we are in a bear market, I am reaping the rewards of that education. The key to a bear market is understanding they are short in duration (relatively short) and keeping your shorts and puts timed accordingly. The big guys know this and understand there is zero reason to retrace ANY of your accounts when you can make money both ways.

There has been an incredible amount of huge put orders coming through from brokerage houses for orders that extend deep into next year, some of them fairly far out of the money and the open interest in calls for those periods is not a lot. The big guys know something. I just go where the winds take me.

One of my mentors had a buddy that made tens of millions on the floor in 2008 because he simply bought puts when he noticed all the big brokerage houses buying puts early on. He thought it was strange but thought "hmmm...someone knows something I don't." Well, the big guys right now are spending billions to short the market next year. In one particular case, I watched one order go through last week that was $270 million...on a short for next spring. Don't know where it came from...but they don't do that if they think the market is back to 26K in 6 months (like one Freeper predicted). They didn't get filthy rich by being stupid. They did it because its a criminal enterprise full of insider trading and they know what their plan is ahead of time; to fleece the average investor.

73 posted on 12/25/2018 6:14:08 AM PST by NELSON111 (Congress: The Ralph Wolf and Sam Sheepdog show. Theater for sheep. My politics determines my "hero")
[ Post Reply | Private Reply | To 71 | View Replies]

To: Secret Agent Man

Best Christmas present ever. Santa Trump gave that one to me. I will always love him for it.


74 posted on 12/25/2018 6:33:26 AM PST by beaversmom (Trump is a bionic, 1-man band. Time for all Repubs to jump on his band-wagon & circle the wagons.)
[ Post Reply | Private Reply | To 50 | View Replies]

To: Eccl 10:2
Not that you will care-but the Nikkei dropped 5% today. Global markets are and have been selling off. It’s not because the Dems won the election. This is from Investing.com and this is the Japanese take on it-“Japanese stocks have been caught in a global market rout, spurred by concerns about everything from the U.S.-China trade war to global central banks’ moves to tighten monetary policy. Sentiment has deteriorated in December, with foreign investors offloading billions of dollars in the country’s shares.”

And that is a huge factor-the global economy and the fact Central banks all over the world are tightening monetary policy. Free and cheap money and the bubble in the economy and the markets it created are coming to an end. Everyone knows it. It’s the globalists plan to crash it all to bring it all together.

75 posted on 12/25/2018 6:48:15 AM PST by NELSON111 (Congress: The Ralph Wolf and Sam Sheepdog show. Theater for sheep. My politics determines my "hero")
[ Post Reply | Private Reply | To 65 | View Replies]

To: NELSON111

Your last post I agree with. China has been a bubble for some time. Trump, rightfully, is bursting it with raising tariffs on China, so Japan is caught in the crossfire. Accordingly, manufacturing in the US is doing very well because it now makes more sense to mke stuff here.

I am an accounting manager for a leading textile firm, and we have shifted production from China to the US big time. We can’t find enough qualified workers.

Trump is getting in the way of the globalists’ plans to eliminate borders, exploit cheap labor. So they went all out to win the House and destroy the Trump economy (free markets, lower taxes, lower regulations, decentralized control).

The primary market trends are predictive, 6 to 12 months out or more, and are based on larger market drivers, like political trends such as the Democrats winning the House and going all out to destroy Trump, to destroy freedom.

If you can make money on Trump’s daily tweets as you claim, more power to you.


76 posted on 12/25/2018 7:29:26 AM PST by Eccl 10:2 (Prov 3:5 --- "Trust in the Lord with all your heart and lean not on your own understanding")
[ Post Reply | Private Reply | To 75 | View Replies]

To: plain talk
That's a great strategy if you'e not retiring and don't need the money for years. Getting out at the "bottom" as you call it, was the only way to preserve what principal we had left.

We were retiring and didn't have a way to replace our losses because we had quit our jobs. Too risky to leave it in for more losses.

Since then we just keep in a few savings accounts. Doesn't make much in interest but unless the banks default on us, at least we can retain what principal we have left.

I'm not interested in putting my money back in the stock market because, it's like going to the roulette tables in Vegas. The odds are not in your favor.

And now I see that the stock market is taking it in the shorts again. My money is not in as much risk now as it would be if it was back in the equities market.

We retired as planned and are living comfortably on our cattle farm in Florida.

77 posted on 12/25/2018 8:18:51 AM PST by HotHunt (Reagan was good but TRUMP IS GREAT!)
[ Post Reply | Private Reply | To 47 | View Replies]

To: Eccl 10:2
China created their bubble by fakery and now they are paying for it. Fake cities and their middle class is buying real estate like ours treats a 401k. It’s going to bust and it’s not going to be pretty. I think Trump is trying to pull a Reagan. He thinks we can outlast them in a downturn. He’s right of course but there will be pain. Reagan did the same thing (in a way) to The Soviets. He is betting the tariffs will crash them and the US will be the safe haven for money. The emerging markets are beginning to crash as well. China isn’t a safe investment anymore. His gamble MAY pay off. We will see. Right now, puts are king. Late next year-it may be calls if China crashes.

The only way to really deal with the China threat is to crash their economy. I think that is what he’s trying to do with tariffs. They know this and they are the ones who made themselves vulnerable with their bubble of fake cities. We will see if they think war is their way put like FDR did WWII

78 posted on 12/25/2018 8:42:41 AM PST by NELSON111 (Congress: The Ralph Wolf and Sam Sheepdog show. Theater for sheep. My politics determines my "hero")
[ Post Reply | Private Reply | To 76 | View Replies]

To: HotHunt

“it’s like going to the roulette tables in Vegas. The odds are not in your favor.’

Actually investing is nothing like gambling. If you invest it and leave it alone for forty years the odds are you will make a LOT of money.


79 posted on 12/25/2018 8:48:11 AM PST by plain talk
[ Post Reply | Private Reply | To 77 | View Replies]

To: Secret Agent Man

AMEN!


80 posted on 12/25/2018 9:01:34 AM PST by sport
[ Post Reply | Private Reply | To 50 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-83 next last

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.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson