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08-21-2015, 01:41 PM
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#1
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Dryer sheet wannabe
Join Date: Oct 2012
Location: salem
Posts: 20
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Hang on!!!!!
Dow Jones Industrial Average (^DJI)
-DJI Watchlist
16,509.55  481.14(2.83%) 3:38PM EDT
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08-21-2015, 01:49 PM
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#2
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,730
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 Quote:
Originally Posted by abbvie
Dow Jones Industrial Average (^DJI)
-DJI Watchlist
16,509.55 481.14(2.83%) 3:38PM EDT
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Time to back up the truck! 
__________________
*********Go Yankees!*********
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08-21-2015, 02:07 PM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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DJ down 481 points is so 20-min old.
DJ just closed down 530 points for the day. Party on!
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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08-21-2015, 02:15 PM
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#4
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Apr 2012
Posts: 6,180
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A 500 point drop ain't what it used to be... 
Cannot wait for the social gathering talk this weekend from folks who panicked in 2008-2009 and got completely out of the market: "See, I told you so!!"
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
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08-21-2015, 02:20 PM
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#5
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,730
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This is just noise. Hedge fund managers have had a bad run of it this year and need some juicy returns for this quarter which equals a market takedown and buying opportunity for them.
__________________
*********Go Yankees!*********
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08-21-2015, 02:33 PM
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#6
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Recycles dryer sheets
Join Date: Feb 2010
Posts: 416
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The sky is falling! The sky is falling!
Dow 5,000? Yes, it could happen - MarketWatch. http://tiny.iavian.net/6hsi
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08-21-2015, 02:37 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Dunno about Dow 5000.
But when there are still posters gung ho about buying, I am holding back. I already have plenty of equities, it's not like I am 100% in cash now.
Got to conserve my firing power to defend against that final assault of the bear. Heh heh heh...
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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08-21-2015, 02:53 PM
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#8
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Thinks s/he gets paid by the post
Join Date: Oct 2002
Location: Chattanooga
Posts: 3,893
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The sky is falling, again  ??
__________________
Earning money is an action, saving money is a behavior, growing money takes a well diversified portfolio and the discipline to ignore market swings.
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08-21-2015, 02:55 PM
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#9
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Full time employment: Posting here.
Join Date: Aug 2015
Posts: 550
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Nobody can predict the Market. However if last two days are indication of the economy sliding into recession, the Feds do not have any tool to deal with it other than keep printing. Then may be Peter Schiff is right stating whether dollar bottom will fall of or Stock Market bottom will fall off. As of now I am reluctant to reduce my equities holding.
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08-21-2015, 02:58 PM
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#10
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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my long term time horizon just got longer, dang it!
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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08-21-2015, 03:09 PM
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#11
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Sep 2012
Location: Seattle
Posts: 6,023
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Maybe gold will finally take off. I am down to one little mining stock with a all in cost of $900 per ounce. I would love to see $1400 gold again,.
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08-21-2015, 03:17 PM
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#12
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Full time employment: Posting here.
Join Date: Apr 2006
Posts: 944
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Still not worried...I do have dry powder to throw at the (semi) correction. But gonna hold on - we may see 14,000 before we see 18,000 DOW again. I am almost always wrong with my predictions and therefore move much slower now when it comes to committing $.
I'm more edumacated
__________________
Freed at 49. You only live once - live it
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08-21-2015, 03:21 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: May 2013
Location: Les Bois
Posts: 5,761
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Quote:
Originally Posted by Fermion
Maybe gold will finally take off. I am down to one little mining stock with a all in cost of $900 per ounce. I would love to see $1400 gold again,.
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me too - heck I'd love to see $2K gold actually
__________________
You can't be a retirement plan actuary without a retirement plan, otherwise you lose all credibility...
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08-21-2015, 03:21 PM
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#14
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Dec 2006
Location: Collin County, TX
Posts: 9,296
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Oh nooooooo...it's time for distraught wall street photos..... 
http://www.early-retirement.org/foru...ght=distraught
__________________
There's no need to complicate, our time is short..
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08-21-2015, 03:55 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Jan 2005
Location: northern Michigan
Posts: 2,215
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Quote:
Originally Posted by VFK57
Nobody can predict the Market. However if last two days are indication of the economy sliding into recession, the Feds do not have any tool to deal with it other than keep printing.
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Yep, and I would not be surprised to see that happen (QE3??), if this continues for a while. The thing is, though, QE1 and QE2 did virtually nothing to boost the general economy, they merely kept the markets afloat for several years after the big recession of 08. At some point, the tricks no longer work, and economic fundamentals determine which way the market is headed.
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08-21-2015, 04:12 PM
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#16
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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What a blue light special! It if continues on Monday at this rate, I think the last few months' market declines will pay for the move to my dream house this summer, and all associated expenses.
So, I'm not supposed to act happy about that, right?.....  Wh - - - Wh - - Oh gosh, I can't hold it in!
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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08-21-2015, 04:29 PM
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#17
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,714
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So, I'm just getting in, was offline all day. Did something happen?
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08-21-2015, 04:33 PM
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#18
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jan 2007
Location: New Orleans
Posts: 47,500
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Quote:
Originally Posted by MichaelB
So, I'm just getting in, was offline all day. Did something happen?
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This?
__________________
Already we are boldly launched upon the deep; but soon we shall be lost in its unshored, harbourless immensities. - - H. Melville, 1851.
Happily retired since 2009, at age 61. Best years of my life by far!
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08-21-2015, 04:48 PM
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#19
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,714
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Got it. Thanks. Another week or so of days like these and things get interesting, eh?
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08-21-2015, 05:20 PM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2006
Posts: 11,401
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Zip lines go down. Then they go up again. So, yes, hang on!
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