Looks like its gonna dump big again tomorrow.

It's all about where interest rates go from here. Yellen on the way out and oil climbing doesn't help things along. A market correction is 10% and I don't know if we'll see 10% - maybe - rates would really have to climb quickly & sharply. Remember a 1 trillion+ infrastructure plan is in the works. Think old blue chips like Cat, Alcoa, Exxon, 3M, Dupont et al. As for an immediate correction, short E mini futures if that's your bag.

That'll be $10K in consulting fees Rich. I'll just let you owe me one. Once you finally bag a squatch, I want a large hank of hide for some ties I'm working up.

It's not going to "crash" anytime soon. BUT if you are going to get a loan for a toy, I'd do it sooner rather than later if you have the means. Rates should inch up as we move along over these next few months. I have to wait until summer before I can afford to purchase a new truck. Hoping rates don't move too much between now and then.

The amount of expertise available on the dark side is really incredible. We’re all so fortunate.

its all good until the piper has to get paid.

the fundamentals do not support a robust market, the economy has not improved since the 2008 crash.

If things were as good as the market says interest in a savings account would be back to 6 to 8%, yet the dollar still has no value.

The value of the dollar is based on the faith and strength of this country. The truth is the world has no faith in the future of America and does not see this land or its people as strong.

Our debt is 21 trillion and we have no real plan to get things in order, certainly spending less money is not an option.
Russia has a half trillion surplus in currency.

So if your an analyst and tell people that the Stock market is legit and a safe lucrative investment your either lying for your own benefit, crazy, or uninformed about history and basic economic fundamentals.

Never have we had so many bubbles which are so big and ready to pop. never have we had so much debt, never has the populace been so dependent and so uninformed.

We have been in situations like this before but not as dire. Like right before every major market crash in history, but the situation has never been quite this bad.

DOW is down 1500 as of right now....

I thought the economy was booming and it was all due to Trump's tax reform and general stable genius status?

Nevermind.

Fish on...

Todd

Never claimed to be a financial expert - but if you shorted E mini futures as I suggested, you'd have a few pennies to pinch together right about now. I know I do. Lots of this stuff is common sense, which if you have a functioning brain is pretty...well common. Sorry for your luck AP.

It appears I was wrong. No - wait! I wasn't. Laughin'.

Something wrong with the smokercraft?

I appreciate the unneeded sympathy, Nick. . I suspect others around here might need it more than me though.

Good luck saving for your truck.

I put 4K down on some specific stocks last Jan worth 40$ per and they went to around 1200$ per. I sold off some and made 15K a month ago. I just lost a ton of money today but did I? Maybe you clowns can do the math for me? I just bought a house cashing in on my investments. Tell me again why I should not play the stock market?

Please don't! I'm not qualified to give official financial advice. I know a little bit - sure, but you should be talking to an expert not listening to some jack arse on a message board. I mostly just trade for a bit of fun and the rush every now and again. Not all that often really and I get in and out VERY quickly. I let my modest bankroll sit at my broker.

I do look at the big triggers (market or societal) and that's when I'll make some calls. Things like Yellen leaving the fed, mixed with oil going up, a good jobs report and a strong overall economy. An adjustment has been needed for some time, so last week I made a small move to short a couple of E contracts. Made just under $2.5K for about fifteen minutes of work between Friday and today. I'm not big time at all and I NEVER touch my bankroll. The truck gets bought via the day job.

Like clockwork, certain stocks move when societal things happen (usually bad things). Whenever there is a mass shooting, I'll buy some gun stocks for a month or two and then dump. A big hurricane effects the gulf, short some oil or buy some blue chips like Cat. Kinda macabre, but it can be decently lucrative. I've had my bad days too cause it really is all speculation. Win some, lose some.

World markets are tanking right now.

Futures for the Dow show -650 points.

So what is it, maybe the fifth time I've been through this.

This is only a big deal if you are retiring this year - which I'm not, OR you spend all day stroking yourself over the Dow setting records while you sit in the White House having little to do with it.

Pissing your pants over market corrections is dumb.

SPX Mini? What a piker.... *grin*



For those unfortunate souls....

The sky is falling! The sky is falling. OMG! The sky is falling.
Dow closes up 567. Cat and Dupont showing strong. The DOW would need to lose about 4500 pts now to get back to pre-Trump levels...which was already a very strong position to begin with.

Rich - just because you REALLY REALLY want to use your bunker and see an ROI on your crazy town investment doesn't mean we all share that sentiment. As Paker has mentioned 1 trillion times...."things remain the same until they don't". You should take the night off; relax and enjoy a nice MRE, potassium iodide infused rain water (aged 12 years in a rusty rain barrel for a nice caramel color) over a soft light Scouts Crisco candle with the wife tonight.

Shorted YMH18 with a mid drop SO. Should have dropped the SO down a bit and should have bought the low yesterday afternoon, but I was too chicken and didn't want to lose my Piker grinder status.