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Looks like we survived!
Old 10-19-2017, 03:18 PM   #1
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Looks like we survived!

The 30th anniversary of Black Monday. Like most, I followed that sage old investment advice... Don't just stand there, do nothing!!!
YMMV
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Old 10-19-2017, 04:45 PM   #2
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I bet there will be a relief effect tomorrow and everyone will be buying what they were afraid to buy today.
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Old 10-19-2017, 08:20 PM   #3
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I thought it was humorous this morning before the bell, when the DOW stock futures were down over 100 points and there were many web articles along the lines of "DOW FUTURES SINK ON ANNIVERSARY OF BLACK FRIDAY"... as if there were a correlation between futures falling and the panic 30 years ago.
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Old 10-19-2017, 11:32 PM   #4
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Wow, the annual return of the Dow from 10/19/1987 to 10/19/2017 has been about 9%.

It would be amazing if on 10/19/2047 we also had a 9% return but I don't see it being anywhere close to that. Maybe 5% if we are lucky.
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Old 10-19-2017, 11:54 PM   #5
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Quote:
Originally Posted by zesty View Post
Wow, the annual return of the Dow from 10/19/1987 to 10/19/2017 has been about 9%.

It would be amazing if on 10/19/2047 we also had a 9% return but I don't see it being anywhere close to that. Maybe 5% if we are lucky.


Could happen

The US is a resilient country, and we have survived substantial portions of our young killed off in wars, incompetent leadership, high inflation, etc. Still keep plugging along and expanding the pie.

Iím optimistic, but still plan for the worst and hope for the best.
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Old 10-20-2017, 03:30 PM   #6
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I bet there will be a relief effect tomorrow and everyone will be buying what they were afraid to buy today.
Dow up ~165; S&P up ~13.... Looks like some folks went shopping.
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