Truuly wrote:
What are the chances that the Dow will drop below the $11,723 reached on January 14, 2000?
That'll be a real kick in the pants when the Dow falls below what is was over 16.5 years ago.
Chances are slim to none.
Truuly wrote:
What are the chances that the Dow will drop below the $11,723 reached on January 14, 2000?
That'll be a real kick in the pants when the Dow falls below what is was over 16.5 years ago.
Chances are slim to none.
econ data:
jobless claims: 4 wk avge falling, in range
chicago fed nat'l activity index: neg, lowest in 2 yrs
PMI mfgring index: showing growth! small but there.
consumer comfort: big jump - near highest levels of year
new home sales: 3rd highest month in 3 yrs
leadning indicators: negative and surprisingly so.
so a big mix today.
Statman Cruthers wrote:
Truuly wrote:What are the chances that the Dow will drop below the $11,723 reached on January 14, 2000?
That'll be a real kick in the pants when the Dow falls below what is was over 16.5 years ago.
Chances are slim to none.
I think you put a little too much faith into the market.
It lost over 50% in the 2008 meltdown and no changes were made to the system that caused that.
Kinda Sketchy wrote:
Statman Cruthers wrote:Chances are slim to none.
I think you put a little too much faith into the market.
It lost over 50% in the 2008 meltdown and no changes were made to the system that caused that.
Have you been living under a rock? Numerous changes were made.
Hellooooooo? wrote:
Kinda Sketchy wrote:I think you put a little too much faith into the market.
It lost over 50% in the 2008 meltdown and no changes were made to the system that caused that.
Have you been living under a rock? Numerous changes were made.
The market will CERTAINLY take of drop of 50% or greater in the future. Whether or not that will be in the next few years or decades from now is unknowable (except to conspiracy buffs). But thinking that it is immune to a 50% drop in the near term is naive.
No one said it was immune to a 50% drop.
Try to keep up wrote:
No one said it was immune to a 50% drop.
No one said that anyone did.
Try to keep up.
Rocky Mountain High wrote:
Try to keep up wrote:No one said it was immune to a 50% drop.
No one said that anyone did.
Try to keep up.
No one except you.
Hellooooooo? wrote:
Kinda Sketchy wrote:I think you put a little too much faith into the market.
It lost over 50% in the 2008 meltdown and no changes were made to the system that caused that.
Have you been living under a rock? Numerous changes were made.
yes. Those Big Banks -- too big to fail -- were broken up. Oh wait, that didn't happen? Well at least all the fraud they committed resulted in lots of Wall Streeters going to jail. Oh. That didn't happen either. Well, at least those crazy derivatives -- allowing you to bet on other folks investments by buying insurance on them (completely illegal on life insurance, etc.) is no longer allowed. What? That wasn't changed either? Well surely balloon payment mortgages are gone. No again?
Yes. Tons of key changes have been made. Not!
Don't feed the troll.
Guess who? wrote:
Don't feed the troll.
Ummm...Casper? Gee, what a tough one!
Kinda Sketchy wrote:
Hellooooooo? wrote:Have you been living under a rock? Numerous changes were made.
yes. Those Big Banks -- too big to fail -- were broken up. Oh wait, that didn't happen? Well at least all the fraud they committed resulted in lots of Wall Streeters going to jail. Oh. That didn't happen either. Well, at least those crazy derivatives -- allowing you to bet on other folks investments by buying insurance on them (completely illegal on life insurance, etc.) is no longer allowed. What? That wasn't changed either? Well surely balloon payment mortgages are gone. No again?
Yes. Tons of key changes have been made. Not!
The US and the rest of the world experienced a genuine financial panic in September and October of 2008. The US responded by taking a series of emergency actions to stabilise the financial system. The financial panic of 2008, and these emergency measures, created the ‘perfect storm’ for new financial regulation. The Dodd-Frank Act is the most extensive revision of US financial regulation since the 1930s, although it has left some important issues unresolved.
The US and the rest of the world experienced a genuine financial panic in September and October of 2008. The US responded by taking a series of emergency actions to stabilise the financial system. The financial panic of 2008, and these emergency measures, created the ‘perfect storm’ for new financial regulation. The Dodd-Frank Act is the most extensive revision of US financial regulation since the 1930s, although it has left some important issues unresolved.
An extensive revision? It made no changes of any substance. Or maybe you can point out what these extensive changes were.
https://fred.stlouisfed.org/graph/fredgraph.png?g=4WqZhttps://fred.stlouisfed.org/graph/fredgraph.png?g=4Ws4Reel K5 detects a traitor wrote:
The US and the rest of the world experienced a genuine financial panic in September and October of 2008. The US responded by taking a series of emergency actions to stabilise the financial system. The financial panic of 2008, and these emergency measures, created the ‘perfect storm’ for new financial regulation. The Dodd-Frank Act is the most extensive revision of US financial regulation since the 1930s, although it has left some important issues unresolved.
An extensive revision? It made no changes of any substance. Or maybe you can point out what these extensive changes were.
good time for a bump. I say if it drops tomorrow because of Brexit that is a good buy opportunity. Brexit will blow over and people will realize nothing is different before and after.
just short term volatility...no way the markets finish down this much tomorrow. Futures are never a good indicator. CNBC is out there scaring people with headlines right now. It's just noise. Be a buyer on a dip. Don't be the idiot selling here. Overall UK leaving the EU is a good thing.
Bumpity, bump, bump. Money never sleeps, people. Brexit has caused a worldwide market meltdown. Futures are down YUUUUGE. Wake up America and take a look at your IRA's and 401K's.
For the next 15-20 hours, this should be the busiest thread. Don't jump off any bridges or high rises, thanks.
Futures Snapshot and it's ugly:
S&P 500: -4.78%
NASDAQ: -4.75%
Nikkei: -7.8%
British Pound: -9.9%
Asia Dow: -5.11%
Hang Seng: -4.98%
This will be the Black Friday of 2016 and I'm not talking about Christmas shopping.
It's alive !!!
Dr Brexitstein and assistants ( Boris J )
