Down goes the Dow

Nonsense. Yet again you display your ignorance regarding basic personal finance. How you ever got to be a financial advisor without understanding how retirement funding works is beyond me.

Yea, the guy that managed 100 times more money than you for 24 years. B.S. Business Administration, CFP, CLU, ChFc.

You know nothing.

Markets down nicely 3 hrs pre opening.

More on the decline of inflation

More on the decline of inflation

Another good sign came from the Labor Department’s August report on import prices, which showed that prices of imported goods to the U.S. fell 1% in August, following a 1.5% drop in July. Lower fuel prices and the strong dollar account for much of the decline. Lower import prices can act as a brake on inflation.

Wow.

You think inflation is gone?

Less than an hour to opening and NASDAQ down 1.2% -- My biggest bet against it up over 3%.

Keep dropping

feel free to be obnoxious - this is the internet you know - but maybe a skosh of gentleness and kindness would be appreciated as almost all of us are losing large amounts of money. Just a little matter of factness rather than cheering on the worsening of millions of personal balance sheets... might be nice here.

Oh, the irony!

well gents 91 days since the low

and still 6% above that low. But just feels like a matter of time to me before we take that out. Post Fedex all the models will now be modelling in a recession and likely selling as a result.

only real hope now is that the fed sees it is breaking stuff, headline inflation numbers come down like a rock and the Fed stops raising interest rates.

But still: US Stocks over the last ten years: +12.1% per year. Tech stocks up 17% per year for ten years.

It was quite a large and tasty punchbowl.

On the other hand, my indiv stock holdings are all down at least 1.2% (bitcoin down nearly 2%).

Need more days like yesterday and Tuesday where the market is well down but some of my stocks are up

Huh?

Gotta say, reluctantly, I'm with C9 / K5 / Unkle on this one.

Maybe I'll just add... we each get to look really smart or really idiotic on any given day depending on how we've placed our bets in relation to the fickle movements of the market. Igy takes a lot of heat, most of the time, for playing chicken little (along with C9 as the original K5, we think, who stared this thread); it's fair play to let him and folks like him look like geniuses for the small (so far) proportion of time when the markets are tanking. Most of the group gets to look like geniuses most of the time, when the markets are (as is usual) marching upwards.

Agip was just posting about how great the market has performed over the past ten years but we who are currently betting against it cannot now post because he is losing some $$?

Very odd.

Just reporting the facts. Truthfully. As I have noted several times, this is all just gambling. Intelligence has nothing to do with it.

To believe that the market is as usual marching upwards is perhaps naive.

True for American markets since the end of the Depression. Yes.

All markets all time. Not so

VIX watch starts now....fear is not quite as sharp as it could be so this might just be a warning.

I'd expect the VIX to get back up to mid-30s as we near new lows.

Now it's just 28...not much to speak of.

I suppose I'll have to do some buying if we hit VIX 35.

Your posts like

"NASDAQ down 0.47% as we near opening.
Drop you sob"

doesn't sound like 'just reporting the facts'

but I'll retreat on this. Cheer away for the forces of doom and make people feel bad. Your call.