Author Topic: DOW Drops Over 1600 in 5 Days Trading  (Read 1550 times)

zewazir

  • Guest
DOW Drops Over 1600 in 5 Days Trading
« on: August 25, 2015, 07:19:29 PM »
So, opinions invited.  Is this an adjustment, or is something worse coming?

Some are calling for people to stock up on canned goods. (Those of us who haven't been doing so for years....)  Others are saying it's time to snap up undervalued stocks before they go back up. PMs are down, too, so we are not (yet) seeing many investors moving their cash to hard assets.

So, is it time to start battening down the hatches, or do we raise the jib, tighten the main, and hold on?

Online Solar

  • Hero Member
  • *****
  • Posts: 67864
  • Gender: Male
Re: DOW Drops Over 1600 in 5 Days Trading
« Reply #1 on: August 25, 2015, 07:34:12 PM »
In a real world free mkt, this would fix itself, but with a Marxist at the helm, you can count on another bailout, further dividing our FIAT dollar, down to the value of a dime.
Nah, it's not yet time, and I suspect when it does hit, we won't have this much warning either.

I should add, this might be the beginning of a collapse, considering Wall St has been pulling ungodly profits over the last two years, while the rest of the nation struggles under a worsening depression.
So if and when it does happen, there will be a trigger that sets off a frenzy in selling, and no amount of bailout money is going to stop the panic worldwide.

But I do expect to see the world shocked at the rapidity of the collapse when it happens. When? Throw a dart at a calendar, your guess is as good as anyone's.
« Last Edit: August 25, 2015, 07:45:41 PM by Solar »
#WWG1WGA

Offline Hoofer

  • Hero Member
  • *****
  • Posts: 4771
  • Gender: Male
  • HAM Radio - the last form of free expression
Re: DOW Drops Over 1600 in 5 Days Trading
« Reply #2 on: August 25, 2015, 08:57:44 PM »
So, opinions invited.  Is this an adjustment, or is something worse coming?

Some are calling for people to stock up on canned goods. (Those of us who haven't been doing so for years....)  Others are saying it's time to snap up undervalued stocks before they go back up. PMs are down, too, so we are not (yet) seeing many investors moving their cash to hard assets.

So, is it time to start battening down the hatches, or do we raise the jib, tighten the main, and hold on?

I just about immune, having been wiped out a couple of times financially.  If there's one thing I'm really, really BAD at, it's investing!  I talk to these young guys at work, anyone under the age of 45, probably doesn't remember Jimmy Carter and the mess he put upon us.  Those were terrible times!  What little you had was disappearing in inflation, and interest rates made loans unaffordable, so bad, business weren't get started.   By comparison, this is quite tolerable!

We bought junk silver, so did the Hunt brothers, and felt pretty stupid afterwards:
https://en.wikipedia.org/wiki/Silver_Thursday

What we've come to realize over time, these Wall Street investors are a whole lot better playing the game than I am, and we're a whole lot better with livestock, gardening & farming than they are.   I can EAT my investment, or exchange it for their investment, if I really need to...  but, if they get hungry... Meh, it's gonna cost a small fortune for headcheese & a sprig of Parsley!

While they're doing this...  "...are you waiting for the hour when you can screw me, 'cause you're big enough?"


I'm humming this.... "This ain't no circus and we don't need no clowns"


This weekend, we can expect to hear of huge profits from the shorters & day traders.  Meh, they're good at it, I'm not. 
But I do seriously expect unprecedented peace and prosperity is just around the corner, before it's all over.
Nor I do not buy into the September 20ish predictions or believe there was going to be a Y2K event.

"a BLIP" that is causing so much movement, only the good players are making money (or is it transferring it from US to THEM?)
All animals are created equal; Some just take longer to cook.   Survival is keeping an eye on those around you...

Offline kit saginaw

  • Hero Member
  • *****
  • Posts: 5269
  • Twist the cube.
Re: DOW Drops Over 1600 in 5 Days Trading
« Reply #3 on: August 26, 2015, 08:51:09 AM »
Just watch your investments.  The markets are merely a gauge.

Theoretically, if you had 9,017 days to live comfortably after you retire, what just happened in the last week leaves you with 8,994 days to live comfortably after you retire.

The Chinese Government basically told citizens to borrow money from banks, then invest it.  Of course all the banks expected the first loan-repayments to be paid-back in the same tiny time-window.


 

Powered by EzPortal