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(CNBC)   No need to panic. It's just another one of those pesky market corrections. This is not a repeat from yesterday   ( cnbc.com) divider line
    More: Scary, Dow Jones Industrial Average, percent, percent correction, Dow Jones & Company, Chicago Board Options Exchange, Dow, Cboe Volatility index, 10-year Treasury  
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1263 clicks; posted to Business » on 09 Feb 2018 at 2:00 PM (22 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



35 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2018-02-09 01:44:27 PM  
When I checked about an hour after opening, the market was up over 400 points, and that was after the local news said it was officially in correction.
 
2018-02-09 01:54:46 PM  
DJIA -1.25% (-297.5)
NASDAQ -1.05% (-69.4)

Fun.
 
2018-02-09 02:02:51 PM  
Vicissitudes of the market.
 
2018-02-09 02:04:18 PM  
img.fark.netView Full Size
 
2018-02-09 02:04:38 PM  
back positive for a minute

this market really needs to remember to take its meds
 
2018-02-09 02:07:18 PM  
My advise is to start drinking heavily.
 
2018-02-09 02:14:15 PM  
Market is being an asshole.
 
2018-02-09 02:15:10 PM  
so many plot twists that even m night shyamalan would be embarrassed
 
2018-02-09 02:18:42 PM  
img.fark.netView Full Size

The Tesla in space says not to panic, always listen to the car.
 
2018-02-09 02:22:15 PM  

relaxitsjustme: My advise is to start drinking heavily.


I tried that, it never ends well.

Pretty tempting to try and time the market- don't do that, either.
 
2018-02-09 02:25:09 PM  
Back on top .65 or so. Yesterday it absolutely took a dump just before the bell. Wonder if that happens again today...
 
2018-02-09 02:32:31 PM  

harleyquinnical: When I checked about an hour after opening, the market was up over 400 points, and that was after the local news said it was officially in correction.


Yep. I checked my own "watch list" just now and across the board it's up 2.5% to 3.5%. Some disconnect going on with local news? However, this could be a bull trap.
 
2018-02-09 02:37:33 PM  

Dead for Tax Reasons: back positive for a minute

this market really needs to remember to take its meds


This guy's all over the place. What an asshole!
 
2018-02-09 02:44:13 PM  

Delay: harleyquinnical: When I checked about an hour after opening, the market was up over 400 points, and that was after the local news said it was officially in correction.

Yep. I checked my own "watch list" just now and across the board it's up 2.5% to 3.5%. Some disconnect going on with local news? However, this could be a bull trap.


It started down. Went up. Going back down now...

img.fark.netView Full Size
 
2018-02-09 02:47:38 PM  
At least they stopped using the Newsflash tag every time. This could be a regular thing for a while.
 
2018-02-09 02:48:04 PM  

JohnBigBootay: Delay: harleyquinnical: When I checked about an hour after opening, the market was up over 400 points, and that was after the local news said it was officially in correction.

Yep. I checked my own "watch list" just now and across the board it's up 2.5% to 3.5%. Some disconnect going on with local news? However, this could be a bull trap.

It started down. Went up. Going back down now...

[img.fark.net image 624x477]


upload.wikimedia.orgView Full Size
 
2018-02-09 02:49:01 PM  

stir22: relaxitsjustme: My advise is to start drinking heavily.

I tried that, it never ends well.

Pretty tempting to try and time the market- don't do that, either.


It's hard to time the peak, but the correction is a lot easier.  They're usually swift and over quickly.  Just wait a month and things should stabilize at the new normal and you're ready to get back in the game.  If you have money in savings that you've been waiting to invest, next month will be just fine.  Or just place a limit order at an absurdly low price and see if it fills.

Oh, one more thing.  Don't get your investment advice from random nut jobs on Fark.
 
2018-02-09 02:57:48 PM  
The #1 rule of investing in the stock market is to check it every single day - multiple times per day if possible.

/Also buy into a lot of casual dining chain restaurants
 
2018-02-09 03:03:04 PM  

JohnBigBootay: Delay: harleyquinnical: When I checked about an hour after opening, the market was up over 400 points, and that was after the local news said it was officially in correction.

Yep. I checked my own "watch list" just now and across the board it's up 2.5% to 3.5%. Some disconnect going on with local news? However, this could be a bull trap.

It started down. Went up. Going back down now...

[img.fark.net image 624x477]


Just as a piece of advice, don't use ETFs when you should be using Index funds.

ETFs have a bad habit of having losses that are a multiple of the underlying securities that they are meant to represent.
 
2018-02-09 03:09:40 PM  

JohnBigBootay: It started down. Went up.


All very irrelevant to my own interests. In my own watch list, the market has been up decidedly all day so far.
 
2018-02-09 03:11:28 PM  

RoomFullOfMonkeys: JohnBigBootay: Delay: harleyquinnical: When I checked about an hour after opening, the market was up over 400 points, and that was after the local news said it was officially in correction.

Yep. I checked my own "watch list" just now and across the board it's up 2.5% to 3.5%. Some disconnect going on with local news? However, this could be a bull trap.

It started down. Went up. Going back down now...

[img.fark.net image 624x477]

[upload.wikimedia.org image 220x220]


img.fark.netView Full Size

big bucks no whammy no whammy STOP!
 
2018-02-09 03:12:36 PM  

Land Ark: The #1 rule of investing in the stock market is to check it every single day - multiple times per day if possible.

/Also buy into a lot of casual dining chain restaurants


I thought you were supposed to have one of those paper tape machines and spend all your time reading the numbers and shouting "Sell, Mortimer! Sell!"
 
2018-02-09 03:19:28 PM  

RoomFullOfMonkeys: Land Ark: The #1 rule of investing in the stock market is to check it every single day - multiple times per day if possible.

/Also buy into a lot of casual dining chain restaurants

I thought you were supposed to have one of those paper tape machines and spend all your time reading the numbers and shouting "Sell, Mortimer! Sell!"


You'd have to print miles of the stuff to reflect every trade, even if it was just the Dow 30 stocks.
 
kab
2018-02-09 03:49:51 PM  
DJIA seems like it will close higher than it started the day, fwiw.

/still 10 minutes left, so who knows.
 
2018-02-09 03:51:37 PM  
img.fark.netView Full Size
 
2018-02-09 03:54:48 PM  

groppet: [img.fark.net image 850x477]
The Tesla in space says not to panic, always listen to the car.


All I see is a frog.

img.fark.netView Full Size
 
2018-02-09 04:30:01 PM  
Let's see, the market is closed and ... my portfolio is up 0.74%, not a bad day.  Also, Dow up 330, S&P up 38 and Nasdaq up 97.  Sounds like a pretty good day to me, I won't panic as subby suggests.

Also, investing is a marathon, not a sprint.
 
2018-02-09 04:58:06 PM  

Gubbo: JohnBigBootay: Delay: harleyquinnical: When I checked about an hour after opening, the market was up over 400 points, and that was after the local news said it was officially in correction.

Yep. I checked my own "watch list" just now and across the board it's up 2.5% to 3.5%. Some disconnect going on with local news? However, this could be a bull trap.

It started down. Went up. Going back down now...

[img.fark.net image 624x477]

Just as a piece of advice, don't use ETFs when you should be using Index funds.

ETFs have a bad habit of having losses that are a multiple of the underlying securities that they are meant to represent.


It's just a common instrument to look at the total market action in the middle of the day dude. Looking at mutual funds in the middle of the trading day is kind of boring. You know how it just suits there at yesterday's closing price all day long?
 
2018-02-09 05:03:26 PM  

JohnBigBootay: Gubbo: JohnBigBootay: Delay: harleyquinnical: When I checked about an hour after opening, the market was up over 400 points, and that was after the local news said it was officially in correction.

Yep. I checked my own "watch list" just now and across the board it's up 2.5% to 3.5%. Some disconnect going on with local news? However, this could be a bull trap.

It started down. Went up. Going back down now...

[img.fark.net image 624x477]

Just as a piece of advice, don't use ETFs when you should be using Index funds.

ETFs have a bad habit of having losses that are a multiple of the underlying securities that they are meant to represent.

It's just a common instrument to look at the total market action in the middle of the day dude. Looking at mutual funds in the middle of the trading day is kind of boring. You know how it just suits there at yesterday's closing price all day long?


https://www.google.com/search?q=djia&​o​q=djia&aqs=chrome..69i57j0l5.1048j1j1&​sourceid=chrome&ie=UTF-8
 
2018-02-09 05:53:30 PM  

Gubbo: JohnBigBootay: Delay: harleyquinnical: When I checked about an hour after opening, the market was up over 400 points, and that was after the local news said it was officially in correction.

Yep. I checked my own "watch list" just now and across the board it's up 2.5% to 3.5%. Some disconnect going on with local news? However, this could be a bull trap.

It started down. Went up. Going back down now...

[img.fark.net image 624x477]

Just as a piece of advice, don't use ETFs when you should be using Index funds.

ETFs have a bad habit of having losses that are a multiple of the underlying securities that they are meant to represent.


Most ETFs are not like that. The ones that are should be easily identified as "leveraged", and it's their whole purpose. Seems like a terrible option to me, though I had to try a few dumb strategies myself before accepting that simple, lazy, and cheap is hard to beat.
 
2018-02-09 05:58:18 PM  
Only up 330 points?

img.fark.netView Full Size
 
2018-02-09 06:18:04 PM  

OccamsWhiskers: Gubbo: JohnBigBootay: Delay: harleyquinnical: When I checked about an hour after opening, the market was up over 400 points, and that was after the local news said it was officially in correction.

Yep. I checked my own "watch list" just now and across the board it's up 2.5% to 3.5%. Some disconnect going on with local news? However, this could be a bull trap.

It started down. Went up. Going back down now...

[img.fark.net image 624x477]

Just as a piece of advice, don't use ETFs when you should be using Index funds.

ETFs have a bad habit of having losses that are a multiple of the underlying securities that they are meant to represent.

Most ETFs are not like that. The ones that are should be easily identified as "leveraged", and it's their whole purpose. Seems like a terrible option to me, though I had to try a few dumb strategies myself before accepting that simple, lazy, and cheap is hard to beat.


I got distracted trying to find examples where volatility downwards has messed with etf pricing, and instead read this. Mostly cause of a great headline

https://www.bloomberg.com/view/articl​e​s/2018-02-09/inverse-volatility-produc​ts-almost-worked
 
2018-02-09 09:58:41 PM  
The trend is now down.  Statistically speaking.
 
2018-02-10 11:04:11 AM  
Sorry everyone, my bad, I opened a brokerage account in January.
 
2018-02-10 12:48:16 PM  

Gubbo: JohnBigBootay: Gubbo: JohnBigBootay: Delay: harleyquinnical: When I checked about an hour after opening, the market was up over 400 points, and that was after the local news said it was officially in correction.

Yep. I checked my own "watch list" just now and across the board it's up 2.5% to 3.5%. Some disconnect going on with local news? However, this could be a bull trap.

It started down. Went up. Going back down now...

[img.fark.net image 624x477]

Just as a piece of advice, don't use ETFs when you should be using Index funds.

ETFs have a bad habit of having losses that are a multiple of the underlying securities that they are meant to represent.

It's just a common instrument to look at the total market action in the middle of the day dude. Looking at mutual funds in the middle of the trading day is kind of boring. You know how it just suits there at yesterday's closing price all day long?

https://www.google.com/search?q=djia&o​q=djia&aqs=chrome..69i57j0l5.1048j1j1&​sourceid=chrome&ie=UTF-8


Sorry. I get that people obsess about the Dow but I'm an indexer. I give a shiat about the Dow. Why not look at an index that actually holds EXACTLY what I'm invested in?
 
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