Posted on 10/27/2018 6:17:21 PM PDT by SeekAndFind
It’s really hard to take when the downturn means your 401 goes down 32,000 and when it starts going up, it is only 2 or 3 thousand at a time.
That is hard to reconcile. I hope it is all natural, but if there is something being done to cause this, there will be hell to pay.
The stock market is way overpriced and we have the Fed returning interest rates towards normalcy - there is a long way to go still.
There’s a report today
If that is the case it really is a federal crime
The market is afraid of a dem controlled house. The market has been based on Trumponomics and a supporting cast in the Congress. If the dems were to get the house, it would be a massive food fight for at least the next two years.
Watch the market snap back after the Red Tsunami.
Don't trust short term stock prices as an indicator of prosperity.
The DJIA for the last century.
If wages are trending upward, Christmas will be taken to the bank, literally in interest paid on loans, lines of credit and credit cards to pay for imported bobbles and pearls. Amazon hates Trump and they will have a record breaking Christmas earning’s come January.
LOL. Post of the day
on the news i recall it was presented as a seasonal thing, every october
I tend to be an optimist, and think most every selloff is simply a short term thing that "soon will pass". So, I usually blow it, and am stuck with missing most peaks.
However, this year (for the first time), I chose to take the October doldrums to heart, and took my mandated 401K distribution on October 2, the day of the peak. I guess you loose some, you win one.
The DOW is just reflective upon the concerns of investors due to mid-term elections. They know that if the Democrats win back Congress then the changes made to improve the economy will be erased and reverted back to when Obama was President.
I heard it on the radio, FBN. Can’t find any source.
You do know the president will veto anything that the Donks propose, if it ever even gets through the Senate. Plus there is the EO and the ability to shut down the Government if you don’t get your way.
You must have read my post in a hurry. I did not say stocks are undervalued. It was just the exact opposite.
The problem with DOW is that the 30 stocks are changing all the time. The list of 30 when I began trading stocks in 1963 is completely different than now.
And it is not a simple average price of 30 stocks! There are different factors assigned to each of the 30 stocks in computing the DJI number.
If you keep throwing out poorly performing companies and adding currently better performing companies, DOW Jones Industrial (DJI) average looks better than reality.
That is true, but investors are nervous Nellie’s who take the most drastic outlook and over react.
Thanks for followup!
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