Turning into a blood bath today. Long predicted bubble burst seems to be happening. I am getting wiped out. Sell while I still can? Anything to do with Trump and the trade wars he has started with everybody? Your thoughts?
The stock market is crashing. anybody else worried?
- Thread starter Robert Mugabe
- Start date
Inflationary pressure caused a correction, interest rates have been far too low for too long. Add the tariffs in place and the markets are going to get sanguine. It was expected.
The Dow fell by 2.5% close to the dip seven years ago but not close to what happened in 9/08. Enjoy the ride.
The Dow fell by 2.5% close to the dip seven years ago but not close to what happened in 9/08. Enjoy the ride.
You can blame the economic policies of Trump frankly.
The US economy is now hugely overheated and like a boiler with too much coal fed into it by a mad stoker (and once the coal is in, you can't shovel it out), it runs the very real risk of it blowing to relieve the pressure. The economy, like a boiler, has a sweet spot. Not too hot, not too cold and too hot can be just as bad as too cold and Trump and his whacky peons have moved it into way too hot.
1. Too much money in the system. Trump has borrowed what, a Trillion dollars this year and injected it into the system. (With another trillion planned for next year also.) That's madness. It's almost like any kind of common sense has gone right out the window. It's just borrow borrow borrow.
2. Tax cuts approved by congress. Again, too much money injected too fast into an overly hot economy. Another case of "What were they thinking?" There was no need for a tax cut. You cut taxes when the economy is down and you need to stimulate growth. Not just for the hell of it to put more money back in people's pockets.
3. Tariffs. Tariffs never work. Trump thinks he can have his cake and eat it too, i.e. he figures that he can tariff the hell out of trading partners and steal their economy and inject it into his own. Too bad that all he's doing is increasing the prices to American manufacturers which eats into their profits. Like it or not, it's a global economy and for every action, there is an equal by opposite reaction.
4. All this leads to inflation.
5. And it leads to higher interest rates.
6. Super low unemployment to the point where there are now labour shortages.
It's like a snowball rolling down a hill picking up momentum. Everything is getting wrapped together building this giant out of control monster brown snowball.
All because dumb-ass figures that he can run the US economy like a reality TV show. If it were only so simple. The guy has no idea how an economy works. He only understands more money and more money is always good.
The US economy is now hugely overheated and like a boiler with too much coal fed into it by a mad stoker (and once the coal is in, you can't shovel it out), it runs the very real risk of it blowing to relieve the pressure. The economy, like a boiler, has a sweet spot. Not too hot, not too cold and too hot can be just as bad as too cold and Trump and his whacky peons have moved it into way too hot.
1. Too much money in the system. Trump has borrowed what, a Trillion dollars this year and injected it into the system. (With another trillion planned for next year also.) That's madness. It's almost like any kind of common sense has gone right out the window. It's just borrow borrow borrow.
2. Tax cuts approved by congress. Again, too much money injected too fast into an overly hot economy. Another case of "What were they thinking?" There was no need for a tax cut. You cut taxes when the economy is down and you need to stimulate growth. Not just for the hell of it to put more money back in people's pockets.
3. Tariffs. Tariffs never work. Trump thinks he can have his cake and eat it too, i.e. he figures that he can tariff the hell out of trading partners and steal their economy and inject it into his own. Too bad that all he's doing is increasing the prices to American manufacturers which eats into their profits. Like it or not, it's a global economy and for every action, there is an equal by opposite reaction.
4. All this leads to inflation.
5. And it leads to higher interest rates.
6. Super low unemployment to the point where there are now labour shortages.
It's like a snowball rolling down a hill picking up momentum. Everything is getting wrapped together building this giant out of control monster brown snowball.
All because dumb-ass figures that he can run the US economy like a reality TV show. If it were only so simple. The guy has no idea how an economy works. He only understands more money and more money is always good.
Chicken Little, the sky is not falling. If you are afraid, cash out in twoonies and put them in a sock and hide them under your bed.
Not the first time and definitely not the last time the market has crashed. If you pick investments like roulette or your portfolio consists of FANG stocks, then you should be worried. If you have a more conservative approach by buying investments that generate cash flow like dividends, interest or rent, then there's much less to worry about.
It a healthy market correction in a bull market!
Come December 2018... everyone will forget October 2018. I predict Wall Street in December 2018 will handout huuuuuuge bonus!
PS IT OCTOBER And in October stock market tend to go down like every year.
PPS oagre is on my ignore lists!
how are you getting wiped out? Did you pay too high again like you did with dat gold
how are you getting wiped out? Did you pay too high again like you did with dat gold
Latest from RNX... more gold!
I think he going to regret by not buying more RNX when it become a 1 billion dollar market cap and then become the biggest gold find historically!!
PS Oagre is on my ignore lists!!
Getting wiped out like everybody else today. Porn pics of gold chunks didn't tempt me to sell the farm. Just the out house. Watching some bald guy smirking his way through a nebulous interview on BNN about how the paradigm is changing. We've hit a fork in the road and it is perhaps time to consider a new direction. whatever the fuck that means. I knew I was paying too high, but pretty much anything I bought went up 40% or more the 12 months before I got in. 20 /20 hindsight. But what can you do? Should have got in 5 years ago.Keeps going up. Last April I sold everything when it hit a yearly high, and then bought in again when it dropped. Buy low, sell high. What a concept. Should have done that a couple of weeks ago.Just didn't want to brand myself as a day trader. However, when they talk about Amazon going back to $900, I start to think I should sell while I am half in the green. If it bounces back I will sit back and watch until it goes down again. If I sell now and it tanks, I can buy when it bottoms out.how are you getting wiped out? Did you pay too high again like you did with dat gold
sounds like you have your shit together. At these levels, every correction feels like a crash. I can't blame you for shitting gold bricks
A few years back I told my 'money guy' during a market downturn that I get worried every time I look at the TSX/DOW...his advice to me was "Don't look at it anymore"...
No need to worry if you’re investing in good solid companies. A stock market correction isn’t going to turn good companies into bad ones. Wait for the market to bottom out and then start buying the good companies. I personally invest in ones that pay dividends and have a history of increasing those dividends every year.
I took a big position in gold on Tuesday. That position is up 16% today. I'd like to say I saw this coming, but honestly it was mostly just luck.
As for a stock market crash, we're no where near that yet. You say you're being wiped out. I'd consider a wipe out to be losses of at least 30%. I highly doubt you're in that territory yet.
As for a stock market crash, we're no where near that yet. You say you're being wiped out. I'd consider a wipe out to be losses of at least 30%. I highly doubt you're in that territory yet.
