Djia -800

[Fedup]

Quote:

Originally Posted by ShokWaveRider I predict the market will pull back 40% in October/November...… or not. What I am trying to say is that there is no consequence in making any kind of prediction. I have read so many articles in the last 6 months about how in XYZ month the market will crash because of... you name it, stock buybacks, tariffs, interest rates.. blah blah blah. It is so sad because there is no consequence anymore, one can miss-predict, speculate incorrectly and outright lie and there is no ramification. Oops, sorry I was wrong or even silence is perfectly acceptable till the next Miss-prediction is offered.

You have all your money in CDs, is there bias in your comment.

[HFWR]

Quote:

Originally Posted by Fedup Why I’m not surprised by your comment. Just rant and rant.

Kudlow was out today saying that POTUS supports an independent Fed, so ignore what was said. Cramer then followed with an rant about the Fed. My statements seems pretty accurate based on these an other inputs.

And most of my posts are wisecracks and jokes, so you must me mistaking me for someone else...

[ShokWaveRider]

Quote:

Originally Posted by Fedup You have all your money in CDs, is there bias in your comment.

Not at all, read it again. Just that anyone can say anything when it comes to market and economical predictions and there is no consequence if they are incorrect.

[Fedup]

Quote:

Originally Posted by ShokWaveRider Not at all, read it again. Just that anyone can say anything when it comes to market and economical predictions and there is no consequence if they are incorrect.

The consequence rests with you or the investors. There are a lot of idiots out there, your choice is to pick which idiots to listen to or not listen to.

[joeea]

Quote:

Originally Posted by HFWR Kudlow was out today saying that POTUS supports an independent Fed

Do you have a link for that?
I haven't found anything that says the president supports an independent Fed.

[Fedup]

Quote:

Originally Posted by HFWR Kudlow was out today saying that POTUS supports an independent Fed, so ignore what was said. Cramer then followed with an rant about the Fed. My statements seems pretty accurate based on these an other inputs. And most of my posts are wisecracks and jokes, so you must me mistaking me for someone else...

Now I know. I post a lot of wisecracks and jokes too.

[HFWR]

Quote:

Originally Posted by joeea Do you have a link for that? I haven't found anything that says the president supports an independent Fed.

Heh...

Larry Kudlow says the Fed is independent and the president is not dictating policy to central bank https://www.cnbc.com/2018/10/11/larr...tral-bank.html

Cramer rips the current Fed, but stops short of his famous 'They know nothing' rant of 2007 https://www.cnbc.com/2018/10/10/cram...n-the-fed.html

[Fedup]

Quote:

Originally Posted by HFWR Heh... Larry Kudlow says the Fed is independent and the president is not dictating policy to central bank https://www.cnbc.com/2018/10/11/larr...tral-bank.html Cramer rips the current Fed, but stops short of his famous 'They know nothing' rant of 2007 https://www.cnbc.com/2018/10/10/cram...n-the-fed.html

They are two different people on CNBC. Kudlow has always been the guy to go out and smooth the edges for the president.

[imoldernu]

Quote:

Originally Posted by ERD50 You need to look long term. You are focused on the day to day, now minute-by-minute pre-market? DOW now down less than ~0.3%. I never follow DOW anyhow - just 30 stocks? S&P a better measure, and it is just about the same right now. Relax. -ERD50

Yeah... I don't follow the markets at all, 'cuz my few stocks don't ever move anyway... Just saw the upsy downsy thing on CNN. More just curiosity, and sometimes trying to understand volatility via the VIX. Only thing that affects me is the CPI, thru IBonds, and that doesn't change 'cept May and November. Such a boring life.
My SWR has been 0% for the past seven years. Total Assets have been the same since 2011.

Edit... Just peeked. looks like the Dow was down another 400 this AM...
OMG... If I were watching this with skin in the game, I'd be running for bandages.

[HFWR]

Quote:

Originally Posted by Fedup They are two different people on CNBC. Kudlow has always been the guy to go out and smooth the edges for the president.

While I no longer have cable, I watched CNBC every morning for fifteens years or so, thus I’m familiar with the hosts, pundits, and assorted “experts...

Btw, Kudlow has only been part of the administration since March, so hardly always...

[Fedup]

Quote:

Originally Posted by HFWR While I no longer have cable, I watched CNBC every morning for fifteens years or so, thus I’m familiar with the hosts, pundits, and assorted “experts... Btw, Kudlow has only been part of the administration since March, so hardly always...

Always as in since he is part of White House. I know he used to work for Reagan, but that’s it about him.

[joeea]

Quote:

Originally Posted by HFWR Larry Kudlow says the Fed is independent and the president is not dictating policy to central bank https://www.cnbc.com/2018/10/11/larr...tral-bank.html

I saw that one. Nowhere does it say that the president supports an independent Fed.

[googily]

I'm still working, so yes, markets, please get this out of the way now.

[GravitySucks]

Off to the gym just so I can watch the end of the world knashing of teeth CNBC puts on for these events.
Best thing about dropping cable was losing the finance open channels.

[ERD50]

Quote:

Originally Posted by imoldernu ... Edit... Just peeked. looks like the Dow was down another 400 this AM... OMG... If I were watching this with skin in the game, I'd be running for bandages.

I doubt you would be worried. If you had been in investments over your life, you'd realize these sorts of dips are fairly common, and it is best to just ignore the noise and get on with your life.

As I type, the market is about flat, maybe down ~ 0.20%, and has been green a few times. Yawn.

edit/add: Too often, people focus on these drops and compare them to fixed income, which is generally far less volatile. But that ignores that these market drops are from levels that fixed income never would have risen to. So if you've been in the market a long time, and averaged in, you are far, far ahead, even after a drop.

It's a bit like complaining of getting a $10,000 bonus instead of a $1,000 bonus, because you'll have to pay more taxes on the $10,000 bonus.

-ERD50

[copyright1997reloaded]

Quote:

Originally Posted by copyright1997reloaded Quoting my own post here. Unfortunately, we did not get the big down on the open. Instead we have some buying on the open. I think this will fail and we head further down.

And down we go....

ETA: It will be interesting to see where we end up at the end of the day. Right now, there seems to be a lot of sell on market close with an hour to go but it remains to be seen if there are buyers to offset it. I am thinking about doing some nibbling in my 401k, especially on foreign funds but haven't really decided if and if so how much.

For those looking for individual securities, look for things that are holding up well today, have strong fundamentals and which have been hit earlier in the week. For those, perhaps the brunt of the downdraft is over. For example, Edwards Life sciences (EW) which was as high as 175 a couple/few weeks ago, 140 and change now. Good growth in this one, excellent history, and demographics which provide a long term tailwind. I hesitate to buy more only because it is already my second largest non mutual fund holding (after Apple). Apple is also interesting here as it is holding up better than some/most of its peers in term of well known techs. No question it will go down if the market tanks given its weight in ETF's, but if the world isn't coming to the end it is showing relative strength and is a good risk/reward on a rebound.

[easysurfer]

I'd welcome to Dow to go down much more. IMO, this is a good time for a huge market correction to give some direction certainty. Just my two cents .

[HI Bill]

Quote:

Originally Posted by easysurfer I'd welcome to Dow to go down much more. IMO, this is a good time for a huge market correction to give some direction certainty. Just my two cents .

I'd welcome a market valuation based on something.....concrete like earnings reports and P/E ratios! Of course, that's never going to happen!

[NW-Bound]

Quote:

Originally Posted by HNL Bill I'd welcome a market valuation based on something.....concrete like earnings reports and P/E ratios! Of course, that's never going to happen!

Shiller has been telling us for years that the P/E is high. But we laugh him off.

[HFWR]

Quote:

Originally Posted by NW-Bound Shiller has been telling us for years that the P/E is high. But we laugh him off.

[emoji23][emoji23][emoji23][emoji848][emoji15]