It's another massive sell-off in Europe Tuesday.
Have fun
It's another massive sell-off in Europe Tuesday.
Have fun
Ghost of Igloi wrote:
“The collapse is fundamentally due to the unstable position; the instantaneous cause is secondary."
- Didier Sornette
What collapse?
Chicken Little wrote:
Ghost of Igloi wrote:
“The collapse is fundamentally due to the unstable position; the instantaneous cause is secondary."
- Didier Sornette
What collapse?
$4 Trillion of global stock value erased.
Ghost of Igloi wrote:
Chicken Little wrote:
What collapse?
$4 Trillion of global stock value erased.
And what’s the current value of the entire global stock markets?
$4 Trillion less than it was a week ago.
The markets have moved back to where they were a few weeks ago. This is hardly a collapse. We're not even in correction territory yet. Relax.
Watch for the Fed to make a really manly statement that they will suspend further rate increases.
While that would stabilize some things and buy some time, it makes other things yet worse.
By claiming responsibility for rising markets, Trump stupidly handed the Dems the weapon with which they will destroy him. I think that this correction will endure for a while.
Meanwhile, all concept of a stock as an investment vehicle is still pushed to the side, and still all anybody understands is speculation and gambling. Balance sheet? GAAP? What’s that?
Yes, except some current market participants have never before experienced anything like this.
Maserati wrote:
Yes, except some current market participants have never before experienced anything like this.
You mean since August 2015 ?
https://pbs.twimg.com/media/DVViTYJWAAAM_2M.jpgH/T @PropTraderPitch
Yes. Whole trading floors have been disbanded, desks have been eliminated, algos have been implemented, etc. There has been a giant change since 2015.
Lol the Fidelity website is “experiencing service interruptions “, just as the markets head south again.
Nice.
First we take over the stock market, then we go after Elon, ..........
Ghost of Igloi wrote:
Ghost of Igloi wrote:
Cash is the superior asset class when risk returns to the market.
Here is the original quote from March 2015, which certainly applies today.
The problem is, it didn't apply 3, 2, 1 year ago.
You knew it was just a matter of time when the trumpets would sound and the dancing in the street would begin.
Even Icahn has said that he has never seen this kind of volatility over 2 weeks.
Maserati wrote:
Even Icahn has said that he has never seen this kind of volatility over 2 weeks.
Where’s he been? This hasn’t been all that unusual.
Haz 2 B sed wrote:
People overreacting as usual.
Bingo!
mellon wrote:
Ghost of Igloi wrote:
Here is the original quote from March 2015, which certainly applies today.
The problem is, it didn't apply 3, 2, 1 year ago.
You knew it was just a matter of time when the trumpets would sound and the dancing in the street would begin.
Got your courage up?
Temporary bounce back with more mayhem to come? I have no investments so I'm sort of rooting for a crash. No offense to you guys, but I kinda like ta little anarchy sometimes.
.....time to buy some FANG stocks.
mellon wrote:
Although, I would not discourage anyone from moving to a very conservative position right now.
Especially, if they're as old as Mellon.
No need for courage - My post of 1/24/2018 - Not March of 2015.
He also opined that the markets are a casino on steroids, and lamented passive trading/investing bia ETF’s. I agree.
