Stock Market Plunges 666 Points
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08-02-2018, 12:31 PM
RE: Stock Market Plunges 666 Points
(08-02-2018 12:19 PM)GirlyMan Wrote:  
(08-02-2018 12:17 PM)Dom Wrote:  Plunging again today so far.

Markets
February 8, 1:00 PM EST

Dow Jones Industrial Average
DOW
24,303.48
▼ 589.87 (2.37%)

NASDAQ Composite
NASDAQ
6,901.72
▼ 150.27 (2.13%)

S&P 500 Index
S&P 500
2,622.98
▼ 58.68 (2.19%)

Now we are close to a long overdue full blown typical 10% correction. In the words of Jim Cramer "BUY!BUY!BUY!". Thinking about deferring my retirement so I can keep contributing to the TSP and BUY!BUY!BUY!

How low can you go?

I have a scheduled buy set for tomorrow Friday.

“I am quite sure now that often, very often, in matters concerning religion and politics a man’s reasoning powers are not above the monkey’s.”~Mark Twain
“Ocean: A body of water occupying about two-thirds of a world made for man - who has no gills.”~ Ambrose Bierce
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08-02-2018, 12:36 PM
RE: Stock Market Plunges 666 Points
(08-02-2018 12:28 PM)Dom Wrote:  
(08-02-2018 12:19 PM)GirlyMan Wrote:  Now we are close to a long overdue full blown typical 10% correction. In the words of Jim Cramer "BUY!BUY!BUY!". Thinking about deferring my retirement so I can keep contributing to the TSP and BUY!BUY!BUY!

I may gamble a little (just a little) but I am basically staying out. I just don't like the long term outlook with all that deficit. Without fresh blood (immigrants) to inject money into the economy, and possibly without as many foreign investors, I see the economy performing badly as the trump excitement wears off. So, no long term anything for me. Just gambling, buying and selling in short order. And very little of that.

Consider owning not just US stocks but global ones as well (you probably already know this). The US accounts for 52% of global equity capitalization, US investors have on average 75% of $ invested in their home country. The typical Asian has 90% in Asia even though their markets only account for 18% of global market cap! Gasp Europeans are somewhere in the middle.

“I am quite sure now that often, very often, in matters concerning religion and politics a man’s reasoning powers are not above the monkey’s.”~Mark Twain
“Ocean: A body of water occupying about two-thirds of a world made for man - who has no gills.”~ Ambrose Bierce
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08-02-2018, 03:34 PM
RE: Stock Market Plunges 666 Points
The not so soft landing:

Markets
February 8, 4:17 PM EST

Dow Jones Industrial Average
DOW
23,860.46
▼ 1,032.89 (4.15%)

NASDAQ Composite
NASDAQ
6,777.16
▼ 274.83 (3.90%)

S&P 500 Index
S&P 500
2,581.00
▼ 100.66 (3.75%)

[Image: dobie.png]Science is the process we've designed to be responsible for generating our best guess as to what the fuck is going on. Girly Man
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08-02-2018, 06:32 PM
RE: Stock Market Plunges 666 Points
I moved up my purchase from tomorrow to today near closing time. Smile

“I am quite sure now that often, very often, in matters concerning religion and politics a man’s reasoning powers are not above the monkey’s.”~Mark Twain
“Ocean: A body of water occupying about two-thirds of a world made for man - who has no gills.”~ Ambrose Bierce
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08-02-2018, 06:33 PM
RE: Stock Market Plunges 666 Points
(08-02-2018 03:34 PM)Dom Wrote:  The not so soft landing:

Markets
February 8, 4:17 PM EST

Dow Jones Industrial Average
DOW
23,860.46
▼ 1,032.89 (4.15%)

NASDAQ Composite
NASDAQ
6,777.16
▼ 274.83 (3.90%)

S&P 500 Index
S&P 500
2,581.00
▼ 100.66 (3.75%)

Big Labor Day Sale going on.

“I am quite sure now that often, very often, in matters concerning religion and politics a man’s reasoning powers are not above the monkey’s.”~Mark Twain
“Ocean: A body of water occupying about two-thirds of a world made for man - who has no gills.”~ Ambrose Bierce
Find all posts by this user
Like Post Quote this message in a reply
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