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(The Street)   MARKET CRASH MARKET CRASH. Haha, pysch. *nervous laughter*   ( thestreet.com) divider line
    More: Obvious, Dow Jones Industrial Average, Dow Jones Industrial, Jones Industrial Average, JPMorgan Chase, JPMorgan CEO Jamie, free online video, expert Robert Powell, Wells Fargo  
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1700 clicks; posted to Business » on 12 Oct 2018 at 11:45 AM (8 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



31 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2018-10-12 11:28:20 AM  
up 280 after dropping 1400 is not a surge subs
 
2018-10-12 11:29:57 AM  
Mood swings like our President's.
 
2018-10-12 11:52:57 AM  
Anyone who says the market is going to do X should be ignored. If they could predict the market, they would be a billionaire and not giving out their information
 
2018-10-12 11:54:54 AM  
This weeks news is nowhere close to causing a full blown crash. It's not great, but part of it is just some money moving to bonds. Real data like GDP, jobs, and inflation would cause a crash, and we're (insert guess here) months from that. My guess is more like next summer, but if investors are going to be making guesses too and that may cause some dips like this when some people sell early.
 
2018-10-12 12:03:11 PM  
Just ignore the inverted yield curve behind the curtain.  Everything is fine!
 
2018-10-12 12:03:42 PM  
A Dead Cat Bounce is when markets rebound slightly, as investors swoop in to buy stocks that have decreased in value.
 
2018-10-12 12:07:06 PM  

Catlenfell: A Dead Cat Bounce is when markets rebound slightly, as investors swoop in to buy stocks that have decreased in value.


Handle (mostly) checks out.
 
2018-10-12 12:10:20 PM  

Catlenfell: A Dead Cat Bounce is when markets rebound slightly, as investors swoop in to buy stocks that have decreased in value.


I picked up a few bargains during the drop. :) I always love idiots who sell after multiple days of massive falls. That's the time to buy, not sell, but hey, give me your stocks at a discount thanks.
 
2018-10-12 12:20:59 PM  

El_Frijole_Blanco: up 280 after dropping 1400 is not a surge subs


This. If that's a "surge" then, well, it's a pretty damn shiatty one.

img.fark.netView Full Size
 
2018-10-12 12:38:01 PM  
Dow up 29 right now.  Such a strong rally.  The buggiest.
 
2018-10-12 12:38:22 PM  

machoprogrammer: Anyone who says the market is going to do X should be ignored. If they could predict the market, they would be a billionaire and not giving out their information


Generally.  At the same time, insider trade ng is a big thing.  Those are smaller deals though multiplied by many many assholes.

You know like that teacher or whatever who ended up living a billionaire lifestyle while giving odd a strong scent of "hairy vodka'
 
2018-10-12 12:40:54 PM  
Is this coupon still valid?

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2018-10-12 12:49:48 PM  
And now down 12.  The market fluctuates.  And life goes on.
 
2018-10-12 12:52:15 PM  
This is not the market crashing. This is the value of the dollar rising against a basket of assets
 
2018-10-12 12:54:17 PM  
img.fark.netView Full Size

POP!
 
2018-10-12 12:55:11 PM  
The writing is on the wall.

Everyone knows what's coming.
 
2018-10-12 12:55:21 PM  
It's October.
It's the traditional October stock market crash.

I did get a round tuit to wean a bit out of stocks, but I had to draw out some cash yesterday.

I'm a financialyeenoius.
 
2018-10-12 12:58:56 PM  
Dow down 43, NASDAQ up 44. Hmm.
 
2018-10-12 01:02:03 PM  

machoprogrammer: Anyone who says the market is going to do X should be ignored. If they could predict the market, they would be a billionaire and not giving out their information


Ahem.

Another financial crisis is coming.
There have been several measures implemented in Washington and on Wall Street since the last financial crisis to help protect financial markets from disaster, but Buffett said another crisis is inevitable simply due to human nature. He said Americans feel a tremendous amount of pressure during financial bubbles because bubbles make it seem as if making huge amounts of money is easy. "The guy next door, who they know is dumber than they are, is getting rich, and they aren't," Buffett says. He says that contagious type of thinking is never going away, and neither are financial crises.
 
2018-10-12 01:07:56 PM  

WeedBong420: The writing is on the wall.

Everyone knows what's coming.


Not everyone; some are still oblvious. Soon, everyone will know, though.
 
2018-10-12 01:13:40 PM  
img.fark.netView Full Size


Thrown from a high enough height, even a dead cat will bounce.
/hey, FREE CAT!
 
2018-10-12 01:35:38 PM  

machoprogrammer: Anyone who says the market is going to do X should be ignored. If they could predict the market, they would be a billionaire and not giving out their information


More to the point, there would not be a stock market (legalized gambling).
 
2018-10-12 01:46:58 PM  

etoof: Is this coupon still valid?

[img.fark.net image 850x440]


If you adjust for inflation the metric would be 2000 points, so no.
 
2018-10-12 02:50:58 PM  

Wireless Joe: machoprogrammer: Anyone who says the market is going to do X should be ignored. If they could predict the market, they would be a billionaire and not giving out their information

Ahem.

Another financial crisis is coming.
There have been several measures implemented in Washington and on Wall Street since the last financial crisis to help protect financial markets from disaster, but Buffett said another crisis is inevitable simply due to human nature. He said Americans feel a tremendous amount of pressure during financial bubbles because bubbles make it seem as if making huge amounts of money is easy. "The guy next door, who they know is dumber than they are, is getting rich, and they aren't," Buffett says. He says that contagious type of thinking is never going away, and neither are financial crises.


Yeah, but who cares? Market will go up and down (but on average, over the long term, up)  The market has recovered and then some from every major financial crisis of the past.   It will recover from the next one.  The only people who lost real money during the last one were the people who sold.

Hell, the best time to buy is during a crisis.  I often look at stock charts and think "I should have bought in 2007/8."

/Actually that's when I started investing, but I  didn't have a lot of money to invest at that point of my life, unfortunately.
//If I needed the money within the next 5 years or so, I might consider selling after the market rebounds from this blip.  Which will happen.
///Maybe not today, maybe not tomorrow, but someday.
 
2018-10-12 03:51:51 PM  

Wireless Joe: machoprogrammer: Anyone who says the market is going to do X should be ignored. If they could predict the market, they would be a billionaire and not giving out their information

Ahem.

Another financial crisis is coming.
There have been several measures implemented in Washington and on Wall Street since the last financial crisis to help protect financial markets from disaster, but Buffett said another crisis is inevitable simply due to human nature. He said Americans feel a tremendous amount of pressure during financial bubbles because bubbles make it seem as if making huge amounts of money is easy. "The guy next door, who they know is dumber than they are, is getting rich, and they aren't," Buffett says. He says that contagious type of thinking is never going away, and neither are financial crises.


He basically said the market will eventually crash again, and he's right. But he's not saying when it's going to happen, which was my point.
 
2018-10-12 05:13:09 PM  

Peter Weyland: Just ignore the inverted yield curve behind the curtain.  Everything is fine!


I'm pretty sure the yield curve is not inverted. I was just reading the other day how some major financial figures were expecting it to become inverted right about now, and just as it was about to happen, longer term yields jumped up and prevented it. So they threw up their hands and said "we don't know what the fark is going to happen".

This doesn't mean everything is fine and dandy, or that it won't eventually invert, or that we won't have inflation.
 
2018-10-12 05:22:01 PM  

Wireless Joe: machoprogrammer: Anyone who says the market is going to do X should be ignored. If they could predict the market, they would be a billionaire and not giving out their information

Ahem.

Another financial crisis is coming.
There have been several measures implemented in Washington and on Wall Street since the last financial crisis to help protect financial markets from disaster, but Buffett said another crisis is inevitable simply due to human nature. He said Americans feel a tremendous amount of pressure during financial bubbles because bubbles make it seem as if making huge amounts of money is easy. "The guy next door, who they know is dumber than they are, is getting rich, and they aren't," Buffett says. He says that contagious type of thinking is never going away, and neither are financial crises.


"Contagious thinking" still makes it seem as if it's avoidable, as if it's a psychological problem. But professionals generally have to follow the crowd or they will be out of work in a bull market, regardless of their emotions or reasoning. You trail the benchmarks, and you (and/or your AUM) gets yanked. People don't predominantly, IMO, inflate bubbles because they are true believers; they believe in order to rationalize doing what they have to. The reason Buffett is so unique and so rich is because he focused on avoiding that dilemma.

I think you should beware of doing whatever Buffett is doing now, regardless of his track record, because it doesn't matter any more to him if he makes more money. I believe his goal now is to not making self-fulfilling prophecies of a crash - that's what I would do if I were him at his age. He has a responsibility to the public to not foment a panic, and no meaningful gain from avoiding a downturn. So don't expect him to warn people by words or actions.
 
2018-10-12 05:28:49 PM  

machoprogrammer: Anyone who says the market is going to do X should be ignored. If they could predict the market, they would be a billionaire and not giving out their information


People claim it's possible to predict climate change even though there are limitations on predicting the weather.

Similarly, it could be that certain factors in the markets are predictable over medium or longer timescales even though nobody can say whether tomorrow will be up or down.

If you look at 1000 predictions and find that taken together they are no better than chance, there still might be some subset of them that are better than chance.

In my opinion, Bill Gates became one of the wealthiest people in the world by taking the throw-away advice of a nobody back in the 70s. Sometimes you can find extremely valuable advice amongst a sea of worthless comments. It's just very unlikely that most people will ever recognize it.
 
2018-10-12 08:29:17 PM  

whidbey: Mood swings like our President's.


From what I understand, his pendulum swings in a frequency near the speed of light.
 
2018-10-13 11:33:01 AM  

Bannanaslug: This weeks news is nowhere close to causing a full blown crash. It's not great, but part of it is just some money moving to bonds. Real data like GDP, jobs, and inflation would cause a crash, and we're (insert guess here) months from that. My guess is more like next summer, but if investors are going to be making guesses too and that may cause some dips like this when some people sell early.


Six months. 24,000 layoffs at Ford is a harbinger of what's happening elsewhere.
 
2018-10-13 03:41:34 PM  
if you are unhappy with the market you are welcome to pull your money out and drop it into a cd paying 3% interest.
 
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