With the huge news about China lowering their trade tariff on American autos cutting it in half you would have thought the stock market would have gone up quite a bit. Instead, the media didn’t say anything about it? Was this news I read fake news or real news?
Shillihs,
No need to be rude ...
I CLEARLY STATED AT THE BEGINNING OF THE POST:
"Is this a crash or a correction? << 1 2 3 4 5 ... 13 >>Post Follow-up
karennma
7,141 posts
msg #144886 10/9/2018 6:45:20 AM
Please don't be mad at me. I know I ask this question every Spring and Fall.
S,
I have a legitimate concern.
Markets don't go up year after year. There ARE bear markets.
If you don't like my post, then MOVE ON.
No need to be a prick about it.
Have a nice day.
Karennma, myself, I saw nothing wrong with your post. You’re concerned at the severity of this present market downturn and really how bad is it. Some people just don’t like others talking about negative outlook to our markets. But, the market goes up and the market goes down. With many of us with skin in the game your question about it’s severity is a valid question. Carry on, you’re doing fine.
Marine2,
People who weren't actually IN the market in 1987, 2000 and 2008, don't know what the beginning of a bear market looks like, but I do. I KNOW what it looks like. When experts start talking about inverted yield curves, declining housing prices and global recessions, I become concerned. . . because the same signals repeat themselves again and again.
300+ pt. swings every other day is a BAD sign.
A 20% drop in most actively traded stocks in one year is a bad sign.
However, I did see a video where Paul Tudor Jones said 2019 would be (his words) quote: "10 for 10"; meaning = FLAT.
Basically, a repeat of what I went thru since I bought and held in the latter part of 2017.
Everything I bought a year go went up exponentially and went back down to where it was a year ago,
leaving me with NO profits and some losses.
... NOT funny ....
We the one’s that have been in the market actively for 40 years like myself know when you have a market that has went up as high as we see it today starting in 2010 to now, we know eventually we will slide back either into a recession or a bear market.
That old saying, what goes up must come down eventually. So, you have to get ready for the downturn and be more conservative and not so aggressive.
I think, day trading people are having a field day seeing the whipsawing actions happening. For long term investors they better safeguard themselves until the market washes itself down to a bottom that makes sense then, resume its track upward again.
Myself, I’m at 50/50 in my investments and maybe that’s too aggressive? If things keep deterioting I may peel back to a 30/70 stance (30% Equities and 70% Bonds and Fixed Income). I know one thing, the Fed Rate Chief better be on HOLD for awhile. He alone could put us into recession. Also, on a positive note, what with China finally blinking and making good changes to its trading rules that will help our country and others get a better foothold into China’s market.
@ Marine2,
Re: "I think, day trading people are having a field day seeing the whipsawing actions happening. "
========================================
This kind volatility is the perfect fantasy for most gamblers, whoops, I mean traders.
However, IMHO, you can lose a lot in this type of market because you're trading against computers, NOT other people.
The average human can't beat high frequency computer algos.
I used to work with a guy who had a PHD in math from MIT. He couldn't do it.
When the market turns, Algorithmic trading can be financial suicide.
Run the DEATH CROSS (50dma crossing below 200 dma) and see how many of your stocks have been hit.
I went to cash over a month ago, when I first started posting this thread. But of course, it was too late.
At one point, I thought the market was rebounding, but then, I remember 1987, 2000 & 2008.
The same sh*+ happened in the Spring (April 2018) (see my posts and warning). 300+ pt swings ev. other day just don't add up.
In fact, I believe in March or April, we had a 1000 pt. drop. ** NOT "NORMAL" **!
I don't know how anybody who's been watching the markets a long time can think that a 200-300pt move at the open is "normal".
I've clearly stated several times, I thought the top was Jan 2018 when the market began cratering. If I'd stayed out then, I'd have a lot more cash than I do now.
I don't have the stamina to stomach this kind of volatility.
It's algo-trading -- to make people lose money.
When losing money becomes the hobby, it's time to quit.
*** Disclaimer *** StockFetcher.com does not endorse or suggest any of the securities which are returned in any of the searches or filters. They are provided purely for informational and research purposes. StockFetcher.com does not recommend particular securities. StockFetcher.com, Vestyl Software, L.L.C. and involved content providers shall not be liable for any errors or delays in the content, or for any actions taken based on the content.