Originally posted by imakehp: Well, did everyone jump on all the buying opportunities on the markets today? lol
The 1500+ point DOW CRASH today (2/5/18) sure provided an opportunity to do some buying didn't it? Another "historic first", "believe me", "it was uuge", "big ley", "I'd have to say biggest ever, period"...
It did rebound some though, it finished the day only 1,175 points down...
Dan
Well Dan, as % (4.6%), is not an "historic first". Back on 8/10/2011 the Dow was down 4.62%................
You are correct. As a percentage it was not a record, only a runner-up (to Obama). However, as a single day dollar amount lo$$ it WAS a "historic first", still a winner...
I believe Reagan owns the record for highest single day percentage drop (Oct 1987)...
DanThis message has been edited. Last edited by: Mad Dog,
Dan
DOES YOUR IDEOLOGY ALLOW YOU TO EQUITABLY APPLY STANDARDS OF ACCOUNTABILITY OR DOES IT PROMOTE THE PRACTICE OF HYPOCRISY?
February 05, 2018, 10:15 PM
imakehp
quote:
Originally posted by 1355PRO:
quote:
Originally posted by imakehp: Eric, considering the National debt increases almost 90 million dollars a day, why wait 3yrs to start addressing it?
Just wondering...
I agree. We shouldn’t wait.
I double agree....
China has 4times the population of the USA, does 60% of USA's GDP but has 1/10 of the USA's National debt....
Fuc the wall.....start working on that!!
. Dave
F J B
February 05, 2018, 10:39 PM
racerdude2054
the debt has been increasing non stop for the last decade while congress and the presidents (bush, obama and trump) have all extended the debt ceilings that are in place. the democrats AND republicans have been increasing spending. The US took in more tax revenue last year than ever before, but spent more than ever before. We have a SPENDING problem
every household has to balance the checkbook each week, make congress balance theirs
if a house was backed up with sewage, would you call a plumber to fix the back flow of CRA*P or would you raise the ceiling in the house?
February 05, 2018, 11:24 PM
Canted Valve
As noble as it is to want to "work on" the debt, that ship has sailed. The national debt will never be paid off.... ever. So what does that leave? Like I said, a self correction won't be gentle.
Illegitimi non carborundum
February 05, 2018, 11:59 PM
racerdude2054
it is estimated that 175 million people file taxes each year and that only 100 million actually PAY income taxes each year in America. At the current US debt that means that each tax payer owes nearly 200K to help the government come clean of their debts. Follow that up with the fact that 70 percent of americans say they do not have over 1,000 in savings and that 1/3rd of americans are not contributing to a 401K of any kind, even when offered a 401K match
February 06, 2018, 08:00 AM
Floyd Staggs
Even with the big drop the DOW is still up 4000 from where it was one year ago.
Originally posted by SCDIV1: See my earlier post from Jan 13.....This market was due for a big correction. 8 % down in the last week. Is it done dropping or is it going to slide even more. Like I said in January, I pulled all my retirement funds out months ago......Once the market stabilizes and hits bottom I will buy back in. I highly doubt the roller coaster ride will stop for a while.
You missed the peak, so what makes you think you will know when the low occurs to get back in?
I know that lots of you guys are older than me, and that changes your strategy somewhat. However, I think that is why it is important to set a desired asset allocation that meets your goals and stay the course.
Different strokes for different folks.
Mikey
February 06, 2018, 09:49 AM
Trans Lady
quote:
Originally posted by Mad Dog:
quote:
Originally posted by Trans Lady:
Well Dan, as % (4.6%), is not an "historic first". Back on 8/10/2011 the Dow was down 4.62%................
You are correct. As a percentage it was not a record, only a runner-up (to Obama). However, as a single day dollar amount lo$$ it WAS a "historic first", still a winner...
I believe Reagan owns the record for highest single day percentage drop (Oct 1987)...
Dan
And to think Bruce Bartlett who was an economic adviser to President Ronald Reagan tweeted.....
"The stock market just noticed that an unstable lunatic is president of the United States."
You missed the peak, so what makes you think you will know when the low occurs to get back in?
I did not know the goal was to get every dime possible....
And yes I am older so it makes a big difference....
Buying back in or getting out is always a gamble.....It's the Stock market !
February 06, 2018, 10:08 AM
head gamez
quote:
Originally posted by SCDIV1:
quote:
You missed the peak, so what makes you think you will know when the low occurs to get back in?
I did not know the goal was to get every dime possible....
And yes I am older so it makes a big difference....
Buying back in or getting out is always a gamble.....It's the Stock market !
10-4!
Mikey
February 06, 2018, 04:00 PM
imakehp
Rockefeller was asked once how he made money in the stock market. He replied "I always sold to soon"
My strategy is you only lose money if you sell when you're down. My theory is pretty solid if you acknowledge the fact the market started at zero and is @ 26000 now. The market goes up and down short term. But long term it only goes up. Buy quality stocks and you'll always own the stock. The daily price isn't what you bought it for.. It's like the people that walked away from their house because it was worth less than they bought it for. It's the same house they liked and wanted. It's the same monthly payment. The same lawns to mow every week. Why would you walk away because at the moment you couldn't sell it for what you bought it for? Did you buy to live in or to sell? Just like the markets, it will go up in value long term.
jmho(s)
. Dave
F J B
February 06, 2018, 04:04 PM
head gamez
quote:
Originally posted by imakehp: Rockefeller was asked once how he made money in the stock market. He replied "I always sold to soon"
My strategy is you only lose money if you sell when you're down. My theory is pretty solid if you acknowledge the fact the market started at zero and is @ 26000 now. The market goes up and down short term. But long term it only goes up. Buy quality stocks and you'll always own the stock. The daily price isn't what you bought it for.. It's like the people that walked away from their house because it was worth less than they bought it for. It's the same house they liked and wanted. It's the same monthly payment. The same lawns to mow every week. Why would you walk away because at the moment you couldn't sell it for what you bought it for? Did you buy to live in or to sell? Just like the markets, it will go up in value long term.
jmho(s)
Yep. I buy every two weeks in all tax deferred and taxable accounts. Re-balance as needed to keep asset allocation where I want it.
Mikey
February 06, 2018, 04:05 PM
imakehp
There you go....
Act don't react !
. Dave
F J B
February 06, 2018, 04:11 PM
J178RED
Yesterday was a good day to buy, market came back half what it lost yesterday... someone is cashing in big time...
HAVE THEY CALLED US YET ? THEY HAVE!!!
February 06, 2018, 04:22 PM
imakehp
Wise investors buy at the dips.
Poor investors say I wish I would have bought when it was down.
. Dave
F J B
February 06, 2018, 05:45 PM
wideopen231
As said on Mad Money.Bears make money.Bulls make money.Hogs get slaughtered. Never go wrong taking profits. Yes might miss the peak,but you made money and didn't loose and thats always good!
Me waited to late to start.Playing it safe probably what I should do.But so far high risk has paid well past year. Have been selling when had good profit and buying back when had good size dip. Love my online account , few backs to get in or out.
America home of free. Brought to you by 2nd amendment.
February 08, 2018, 03:36 PM
442OLDS
Dow down over 1,000 points today. Some technical damage done now.