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(CNBC)   Stock markets are functioning normally, say people for whom dysfunction is standard operating procedure   ( cnbc.com) divider line
    More: Dumbass, Dow Jones Industrial Average, Treasury Secretary Steven, Financial Services Committee, financial stability, Economics, Mary Catherine Wellons, financial stability concerns, Jones industrial average  
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481 clicks; posted to Business » on 06 Feb 2018 at 11:49 PM (23 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»

12 Comments     (+0 »)
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2018-02-06 08:03:27 PM  
Yeah but a racist, retarded clock gets it right every now and then.
2018-02-06 11:51:34 PM  
Mind you this is the same guy who produced "Suicide Squad" so...
2018-02-07 12:33:11 AM  
I have no reason to disagree with him, but "markets functioning normally" does not mean "the decline is over". Nor does a strong economy mean that either.

The long term average P/E of the market is about 15. But say that to a person with no sense of history or experience beyond 20 years ago and they act like you've got two heads.
2018-02-07 12:35:19 AM  
I don't think this is the big one or anything, but I don't think it's over - there is still a lot of hot air in this market, and I don't think it's going to bounce right back up again - it would actually be better for the economy as a whole if the market just plateaued for now, and gave a little inflation, higher wages, and higher interest rates time to bake in for a while.
2018-02-07 02:04:20 AM  
I don't have the funds, but post sell off feels like a time to buy.
2018-02-07 02:12:26 AM  
Uh, had a slight weapons malfunction. But, uh, everything's perfectly all right now. We're fine. We're all fine here, now, thank you. How are you?
2018-02-07 03:58:16 AM  
Context.  By 'functioning normally' he means orders are being filled.  Brokers aren't refusing to answer phones and computers are still making trades.
2018-02-07 04:44:45 AM  
"We, uh, just had a slight weapons malfunction. How are you doing?"
2018-02-07 07:16:47 AM  

wildcardjack: I don't have the funds, but post sell off feels like a time to buy.

Maybe, but on the other hand, a significant sell off never goes straight down.

I wouldn't be surprised if the market recovers for a while, but as long as the Fed keeps ratcheting up the interest rates, I think the market will collapse once they overshoot. With Trump and everything, I can't predict what the Fed will do.

I hadn't realized, but apparently the new Fed Chair was sworn in Monday. I feel like maybe that's significant and the markets were reacting to the reality of Yellen being gone, even though we knew it was coming.

For all the talk about Trump acting like a dictator and undermining the government, I think the most significant thing he or the GOP could do to undermine our system is to start attacking the independence of the Fed. I'm not clear if he's smart enough or cares enough to do it though.
2018-02-07 08:58:31 AM  

wildcardjack: I don't have the funds, but post sell off feels like a time to buy.

You are correct, although the best advice is to not market time. Professionals cannot time the market with accuracy, so what makes Farkers think they can do it?
2018-02-07 09:08:57 AM  
res.cloudinary.comView Full Size
2018-02-07 12:11:50 PM  

BMFPitt: [res.cloudinary.com image 850x537]

that well-known 2009 crash once it got back to 9000
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