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Topic: Another bloodbath in Wall Street
Replies: 37   Last Post: Feb 9, 2018 6:23 PM by: rjohn19
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Replies: 37  

Another bloodbath in Wall Street


Posted: Feb 8, 2018 7:36 PM
 

This is starting to get depressing


Do you even context, bro?***

[1]
Posted: Feb 8, 2018 7:37 PM
 



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Get in crypto brah.***


Posted: Feb 8, 2018 7:41 PM
 



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Yeah, that's really done well lately.

[1]
Posted: Feb 8, 2018 11:24 PM
 

http://fortune.com/2018/01/17/cryptocurrency-bitcoin-one-month-losses/


Haha, uh, it's still up like 300% from 2 months ago.


Posted: Feb 9, 2018 10:19 AM
 

XRP, for example, was $.20 in November of 2017. even after the massive crash (It got up to $3.20) its above $.85 at the time of this post. Do the math. That's literally exponentially better than the stock market is doing.

It's probably going to go up to 5$ by the end of the year, maybe double that. It's such a horrible decision to miss out on this historically rare opportunity.

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Re: Haha, uh, it's still up like 300% from 2 months ago.

[1]
Posted: Feb 9, 2018 10:50 AM
 

$.88 now.

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Takes just 1 gov't regulation to kill the entire value of it***


Posted: Feb 9, 2018 10:51 AM
 



2020 white level member

No it doesn't. And even if it did, the Senate hearing on

[2]
Posted: Feb 9, 2018 10:58 AM
 

just this subject pretty much proved that there is no threat to crypto in general, for the foreseeable future. The EU even said they may start holding bitcoin, which surprised me.

And beyond that, there are coins that are designed to be regulated and work with private and central banks.

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Re: No it doesn't. And even if it did, the Senate hearing on


Posted: Feb 9, 2018 10:59 AM
 

Sorry, forgot to link.

https://techcrunch.com/2018/02/06/virtual-currencies-oversight-hearing-sec-cftc-bitcoin/

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Re: No it doesn't. And even if it did, the Senate hearing on

[2]
Posted: Feb 9, 2018 11:06 AM
 

Not to mention there is no reason the government would want to hinder what Ripple is doing. Their model is the most scale-able and eventually banks could use their services to send money, even internationally, in a matter of seconds rather than the couple of days it takes now.

If the government was smart they will probably back some of these types of businesses because it would make for a much more efficient system when transferring funds.

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Re: Yeah, that's really done well lately.


Posted: Feb 9, 2018 12:18 PM
 

Crypto is doing great. Provided you understand how markets work and you research the technology behind the different coins, you can do very well.

My crypto investments have given me a phenomenal return. I'm driving a brand new Tacoma because of it.


Re: Another bloodbath in Wall Street

[4]
Posted: Feb 8, 2018 7:53 PM
 

Stop checking it everyday.


Re: Another bloodbath in Wall Street


Posted: Feb 8, 2018 7:56 PM
 

Meh I’m with him today...this sh*t needs to go up and stop effn around.

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"We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution." - Abraham Lincoln


Re: Another bloodbath in Wall Street


Posted: Feb 8, 2018 8:10 PM
 

Youth, they can't help it. Cracks me up.


Re: Another bloodbath in Wall Street


Posted: Feb 8, 2018 7:59 PM
 

Now is the time to BUY! Unless you are taking it out this week, doesn't mean much. Unfortunately raising interest rates is on the Fed's docket because of a strong economy; the downside is that the prospect of it causes sell - offs.

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It may go up in the long term


Posted: Feb 8, 2018 8:10 PM
 

Short term it's going to tank. Cheap FED money drying up and too many flawed companies overvalued due to that cheap money has led to bubbles virtually everywhere you look. This next crash is gonna make 2008 look like small potatoes. I fully expect the Dow to be down at 10k sometime this year. Only then would I think about buying. You don't buy when you're in the middle of correcting off of all time highs.


Re: It may go up in the long term


Posted: Feb 8, 2018 9:45 PM
 

How much you wanna bet on that 10K DOW this year

2020 orange level member

Re: It may go up in the long term


Posted: Feb 9, 2018 6:13 AM
 

I'm not betting anything but I'm definitely not putting any money there. Fair market value would actually be sub 10k. I'm assuming the FED continues the status quo with the rate hikes. If the market doesn't hit 10k then that will mean the FED has changed their policy and will abandon the hikes. In that case it will be the dollar that will tank and not the stock market. Years of cheap money has left us in a no win situation.


Re: It may go up in the long term


Posted: Feb 9, 2018 6:37 AM
 

FMV of sub 10k is absurd. Anyway, start dollar cost averaging.

2020 student level member

Re: It may go up in the long term

[1]
Posted: Feb 9, 2018 10:59 AM
 

Lol, FMV is actually sub 10k.

That's great, really great.

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Re: It may go up in the long term

[1]
Posted: Feb 9, 2018 6:55 AM
 

^^^shorting the market

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How can it be depressing?

[2]
Posted: Feb 8, 2018 8:06 PM
 

10 years ago it was around 12,000, 5 yrs ago around 14,000, last year 20,000. Were you depressed when the Tigers lost to Pittsburgh in 2016?!! Maybe, but they turned out NATIONAL CHAMPIONS!!! Stay the course my friend. It's going to be a helluva ride!

Go Tigers AND Tiger Nation!

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Go Tigers AND Tiger Nation!


Re: Another bloodbath in Wall Street

[2]
Posted: Feb 8, 2018 8:07 PM
 

All of your stock corrections are belong to me....

Seriously, don’t panic. There will be some buying opportunities once the international market selloff is stabilized at ~ 15%. It’s just people reacting out of fear of Fed interest rate hike talks, bond yields, and taken their gains on the run up and cashing in. They will jump back in soon.

Stock market has always made more money than annuities over the long haul, 10 years or more. All economic indicators are strong. Dang panic like a coot!


Re: Another bloodbath in Wall Street

[1]
Posted: Feb 9, 2018 12:02 AM
 

I'm not an investor nor do I pretend to be ... but you say all economic indicators are strong ?
Isn't the stock market's finishing line an economic indicator ?

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DB23


Re: It's just profit taking.


Posted: Feb 8, 2018 8:11 PM
 

We are on the verge of the biggest bull market in US history.


Re: It's just profit taking.

[3]
Posted: Feb 9, 2018 2:00 AM
 

Not necessarily. Since Reagan was elected, the goal of both fiscal and monetary policy has shifted from seeking full employment to fighting inflation.

As it happens, we are close to full employment right now and the economy is doing pretty well- that is traditionally a recipe for inflation. The Fed has raised interest rates a bit in response and is rumbling like more is in store.

Why is so much money in the stock market? With interest rates near zero for the longest time, the market was the only liquid way to make money on your money. As the rates on bonds go up, it flushes out the nervous money in the market as investors move to more balanced portfolios by accumulating more treasuries.

So why fight inflation at the number one goal? Look at whom it hurts. It hurts people on fixed incomes but a recent study (Princeton, I think) showed the wishes of the common man have zero effect on public policy (only about 12% of voters were in favor of killing net neutrality for example).

Who does inflation help? It helps the government itself (it was pretty easy to pay off all that "insurmountable" debt from WWII with inflated dollars) but regardless of political claims to the contrary, nobody really cares about that- the US can't go broke when they own the printing press. It also helps homeowners whe see real property go up as they pay off loans in cheaper dollars- but again nobody in power cares.

The only thing that matters is that it hurts the political donor class whether individual or corporate. Banks lose because they get paid back in cheap dollars. People or corporations sitting on piles of cash or existing bonds lose. The cash is worth less and the value of existing bonds goes down when newer bonds are issued at higher rates. That matters.

You just this at work in the latest tax bill. All the benefits go to the top because they won't spend it- it just add to their piles. Bill Gates isn't rushing out to buy a new big screen TV with his refund. But the relative crumbs that fall to the rest of us will all get spent and you can expect a whiff of inflation from alone.

Point is that this may be a fluke, a mere correction, but the possibility exists that could be systemic.


Dude.... Some heavy 2 AM thoughts... +1.***

[1]
Posted: Feb 9, 2018 3:19 AM
 



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The corporate tax breaks are being used, and are directly


Posted: Feb 9, 2018 11:15 AM
 

benefiting wage-earners. My wife received an email from her employer which laid out that there would be nation-wide (USA, not the company) raise for everyone making under $15.00 an hour to that amount. And everyone making less than 55,000 will receive a one-time bonus of $1000.

They also laid out how the budget for R&D and work-life balance investment would double.

The idea that money at the top just sits there is unfounded and not supported by the evidence.

Rich people are not just old dudes holed up in mansions. They are employers investors and a source for capital for those needing loans.

All the benefits go to the top because they won't spend it- it just add to their piles. Bill Gates isn't rushing out to buy a new big screen TV with his refund. But the relative crumbs that fall to the rest of us will all get spent and you can expect a whiff of inflation from alone.

Throwing cash at poor people may feel good and win votes, but it simply doesn't help our economy as much as letting those who provide jobs keep more of their money.

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Re: The corporate tax breaks are being used, and are directly


Posted: Feb 9, 2018 11:35 AM
 

Some of those tax breaks are being used for jobs but the vast majority of them are going to stock buy backs which really only benefits shareholders. The tax bill was really just a ploy by wall street to get another round of stimulus because they know that they couldn't sell another QE to the American people right now when all they've been telling us is how great the economy is. They know that without that cheap money, the party is over. Stocks will tank and a bunch of companies will go out of business because instead of actually committing to innovation and good products these past 10 years, all they've done is relied on that cheap money to boost their stock prices. It'll be a good thing for the economy in the end, but it's gonna get pretty brutal before it gets better.


Re: The corporate tax breaks are being used, and are directly


Posted: Feb 9, 2018 6:23 PM
 

Point by point-

Your wife might well have received an email from a higher-up but that has to be an opinion, a GOP talking point and not a fact. There is no one on earth so powerful they can speak for all of corporate America so while I might be more impressed if the email came from the CEO of General Motors, it would still not speak for all or even a majority. Trickle-down has never worked. Ever.

Will low-end workers get a boost? Hard to see how they wouldn’t- but don’t credit the tax break. Two other factors are at work here. As you must be aware, after the GOP congress refused to raise the minimum wage in the waning years of Obama, several states and cities acted on their own to raise it locally. This year another 18 states and 21 cities join that group (about 70% of states now) and raising the bottom tends to boost all hourly earners. Second, it’s a tight labor market, as I said in the main post, and that creates competition for workers and employer have to pony up to get good people.

History is not on you side here. There will not be an #### of investment. You might recall Bush the Younger had the Repatriation Holiday in 2005 allowing companies to bring home money squirreled overseas (it was only overseas on paper and I’ll explain that dodge if you’d like). 90% of that money went to shareholders directly or indirectly.

Stock buy-backs help not only individual and institutional holders but corporate execs as well who stockpile the options that are part of their compensation. And if those execs don’t care for prices of the day, they can back-date options- neat trick eh?

The whole tax plan, sneaked through without review or oversight, was a scam to help wealthy donors. Period. Unemployment was low, the market was at all-time highs and the economy was growing at a solid hopefully sustainable rate. What exactly were they trying to stimulate? And more importantly, what are they going to do when the next downturn hits for a needed stimulus? Let’s call it “premature extaxulation” to coin one.

It was a stimulus for donors to keep the GOP in power. One of the Koch Brothers and his wife shipped $500,000 to Paul Ryan before the ink was dry on bill.

On your final point- throwing money at people who will spend it is absolutely a boon to an economy. What do you think GDP is for pity sake? It’s spending and it doesn’t matter who spends it- government, people or businesses. Give ordinary people money and they will spend it. Any money you give to a billionaire that he doesn’t spend is a wasteful addition to the national debt.


hmmmmmm.


Posted: Feb 9, 2018 10:43 AM
 

Not even close! Percentage-wise this correction is not even in the top 10 of losses. With all of the economic indicators being positive it would be foolish to bail right now.


Shouldn't it read "another bloodbath on wall street?***


Posted: Feb 9, 2018 6:39 AM
 




Re: Shouldn't it read "another bloodbath on wall street?***

[1]
Posted: Feb 9, 2018 6:43 AM
 

Yes typo


why


Posted: Feb 9, 2018 8:42 AM
 

went up prohibitively and unrealistically for a year based on not a whole lot of fundamentals, mostly emotion about a guy with orange hair. Now correcting.


Re: why


Posted: Feb 9, 2018 10:47 AM
 

Have you been following the news ....tax reform - lower corporate rates, pay on the rise, reduction of many silly regulations that restrict development and business, GDP rising, etc. etc. What fundamentals are you referring to?


Re: Ever heard of options??

[1]
Posted: Feb 9, 2018 10:35 AM
 

I just made $50K over the past week.....

2020 white level member

Oct. 10, 2019: "Power 5 is just an elitist title to keep other programs down." - Watkins Hopkins or is it Watkins and Hopkins?


P&R is that way —->***


Posted: Feb 9, 2018 10:37 AM
 



2020 orange level member

based on your risk tolerance, may i suggest you go to CD's?


Posted: Feb 9, 2018 12:21 PM
 

https://en.wikipedia.org/wiki/Certificate_of_deposit

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