Let me guess, when it goes up, it is because of Trump, but, when it drops 8% in approximately three days, it has nothing to do with fat Nixon?
Dow Jones down 2,094 points over past five days.
Feb 06, 2018
14 Replies
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It's the left over effect from Obama, obviously.
Or maybe some wall street insiders have been tipped that Mueller is about to drop the hammer on some more shysters close to Dear Leader.
This is a BIG correction, to be sure, but one has been forecast for some time. If you're a day trader, you have just had your ass handed to you.
Me, I just placed an order for more and will likely do it again if it drops further tomorrow.
Doan care if it's a result of Trump, Obama, Bush II, Clintoon, or Bush I.
Meh. I decided a long time ago that the stock market is insane. It rises and falls on whether some guy got too much starch in his shorts at the laundry.
That doesn't stop me from investing part of my 401K in the market, though.
Cindy Hamilton
Obviously you have no clue about what trading is all about. Markets offer equal opportunities to traders whether they are going up or down.
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And that is why I invest in real estate.
For the past many months I'd look at my balance and subtract at least
10% to get what I thought was the real value. We do this sort of thing every couple of years. It will creep back pver time.
I play the market, pretty much the way I play poker.... when things are up, I slowly withdraw my original investment when no one is looking.
What's on the table it "gravy." If I loose it all I'm even.
That said, the only time I've lost money in the market was when I panicked because there was a drop. Eventually I developed "tough guts" and found that sooner or later the market will recover. Sometimes it's six months. Sometimes is six weeks.
Last one took me 6 years
Yes, it was slow and steady but the past six or so months it was a steep increase. Looked good on paper, but was not real. This was about due. I'm not at all concerned right now, but if we get the same hit again,. . . .
Staying out of Weed and Bitcoin stocks limits the loss somewhat. A bit likr the dot-com fiasco.
I imagine there are a few Bitcoin horror stories out there by now. People were borrowing, mortgaging their homes to buy them and they tanked at least 50% since early January. It was near 20k in December and is around 7k today.
And still GROSSLY overvalued, as far as I can see.
I read a book years ago from Consumer Reports. I forget the figures but it said index funds beat the active traders over time. Some hot shot guesser might beat the market for a couple years but eventually his luck will run out. Some do beat the market over years and years but those are the exception. Factoring in the fees for the active traders helps tip the balance in favor of the index funds.
I might have a little Schadenfreude as the Millenials that were criticizing the boomer 'no-coiners' as dinosaurs fearing the future get schooled.
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