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May Be a Bloody Wednesday
11-08-2016, 08:58 PM
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#1
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 13,150
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May Be a Bloody Wednesday
Dow futures tanking, down 750 as of this time.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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11-08-2016, 09:06 PM
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#2
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Recycles dryer sheets
Join Date: Nov 2013
Posts: 475
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ouch - that is gonna sting!
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11-08-2016, 09:07 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: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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FIRE sale!
__________________
Numbers is hard
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11-08-2016, 09:08 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Cincinnati, OH
Posts: 4,373
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My prediction is similar to the reaction for Brexit vote. Sharp dip and then rise back, so as REW said, fire sale time!
__________________
The problem isn't artificial intelligence, it's natural stupidity.
You can't spend yourself to prosperity.
Semi-Retired 7/1/16: working part-time (60%) for now [4/24/17 changed to 80%]
Retired Aug 2, 2017; age 53
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11-08-2016, 09:12 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Apr 2005
Location: Midwest
Posts: 2,972
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I thought the stock market had already predicted the results?
Yes buying opportunnity. But there might be some even better ones down the line
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11-08-2016, 09:18 PM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2005
Location: Central MS/Orange Beach, AL
Posts: 9,072
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 Quote:
Originally Posted by razztazz
I thought the stock market had already predicted the results?
Yes buying opportunnity. But there might be some even better ones down the line
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Many have been looking for a buying opportunity. But as you say.....might be more opportunities over the next few weeks.
__________________
Retired 3/31/2007@52
Investing style: Full time wuss.
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11-08-2016, 09:25 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: Jun 2016
Location: Colorado
Posts: 8,971
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Buy, buy and bye bye!
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11-08-2016, 09:25 PM
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#8
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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Quote:
Originally Posted by razztazz
I thought the stock market had already predicted the results?
Yes buying opportunnity. But there might be some even better ones down the line
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One word: Brexit.
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11-08-2016, 09:38 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Jan 2013
Posts: 3,413
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Quote:
Originally Posted by COcheesehead
One word: Brexit.
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Exactly right. The media missed how angry people were in Britain and they missed how angry they are here.
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11-08-2016, 09:40 PM
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#10
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Full time employment: Posting here.
Join Date: Nov 2015
Posts: 661
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lol...I love it. Im so glad things are going the way they're going. This is what almost all of the biased major news groups get...they deserve it. I dont care if the market drops 2000 points overnight...im 33...I can ride the wave. Already queued up more money to go into my index funds.
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11-08-2016, 09:45 PM
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#11
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,774
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I smell bacon
__________________
“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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11-08-2016, 09:45 PM
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#12
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Thinks s/he gets paid by the post
Join Date: Apr 2016
Location: Dutchess County
Posts: 1,599
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Quote:
Originally Posted by Another Reader
Exactly right. The media missed how angry people were in Britain and they missed how angry they are here.
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^This^
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11-08-2016, 09:53 PM
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#13
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Full time employment: Posting here.
Join Date: Nov 2015
Posts: 661
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Quote:
Originally Posted by Another Reader
Exactly right. The media missed how angry people were in Britain and they missed how angry they are here.
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I disagree...the media knew. They tried to convince the rest of america how great things were going...it didnt work. The cats out of the bag now.
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11-08-2016, 09:59 PM
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#14
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
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My buy order is already in.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
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11-08-2016, 10:01 PM
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#15
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Thinks s/he gets paid by the post
Join Date: Apr 2005
Location: Midwest
Posts: 2,972
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Quote:
Originally Posted by Senator
My buy order is already in.
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Don't you want to wait for something approaching a bottom?
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11-08-2016, 10:01 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: Jul 2008
Posts: 35,712
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Asian stocks drop like a rock. European stock markets to be opened next.
__________________
"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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11-08-2016, 10:04 PM
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#17
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Full time employment: Posting here.
Join Date: Nov 2015
Posts: 661
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Quote:
Originally Posted by razztazz
Don't you want to wait for something approaching a bottom?
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Nah...buy the whole way down. No one knows where the bottom will be.
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11-08-2016, 10:12 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: Apr 2012
Posts: 6,181
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"Be fearful when others are greedy. Be greedy when others are fearful"
__________________
FIREd date: June 26, 2018 - "This Happy Feeling, Going Round and Round!" (GQ)
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11-08-2016, 10:25 PM
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#19
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Thinks s/he gets paid by the post
Join Date: Feb 2014
Location: Williston, FL
Posts: 3,925
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Quote:
Originally Posted by razztazz
Don't you want to wait for something approaching a bottom?
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This will be a V bottom, like Brexit. Nothing bad will happen. Companies will still make money.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
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11-08-2016, 10:31 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: Jun 2016
Location: Colorado
Posts: 8,971
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Quote:
Originally Posted by razztazz
Don't you want to wait for something approaching a bottom?
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This is why folks end up with big cash positions.
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