Stock market drops again, wiping out 2018 gains for the Dow and S&P 500
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Stock market drops again, wiping out 2018 gains for the Dow and S&P 500
Must be a slow news day...:sleeping:
Many folks see an article like this and attribute it to doom -- signs of an eroding economy that is on a downhill slide. Thing is....downturns in the stock market are how money is made. The ebb and flow of the stock market is as natural as the cycles of night and day, or the seasons.
This latest "stock market drop" is really just a "correction," meaning it is just taking a break. It can't go up all the time. Now is a great time to buy, since the fundamental concept behind making money in the stock market is to.....buy low, sell high.
And here we go on the up. Dow rebounds over 400 points.
https://www.cnn.com/2018/10/25/inves...dow/index.html
Dow is currently up over 900 points from where it was a week ago.
I think there's a lot of volatility right now (dramatic up and down fluctuations) in anticipation of the midterm elections.
PREDICTION: Wednesday is going to be a BIG day either up or down, depending on the results of tomorrow's elections.
https://www.msn.com/en-us/money/mark...HFm?li=BBnbfcN
Looks like Wall Street is good with the results.
Dow is up over 1,800 points from the October 29th low of 24,442.
A 1,800 point swing in just 8 trading days. :2thumbs:
Market gains for 2018 wiped out by plunging stocks
It's the worst Thanksgiving week for the Dow and the S&P since 2011, according to Dow Jones data.
#maga
https://www.nbcnews.com/business/mar...m_npd_nn_fb_ma
Do you have any clue how the stock market works?
It's all about the long term gain and not the short term peaks and valleys. Not to mention I've never seen someone similar to you that is actively cheering against a prosperous economy.
But a little tip a negative nellie like you might want to take advantage of. You can actually make money on stocks by selling short. If you honestly believe stocks are headed for the crapper now you know how to get rich.
FWIW - since Trumps election the stock market is still up 26.7%.
Climb-Utah.com
It's scenarios like these that are frustrating for the day traders out there:
Attachment 91225
Dow starts out plunging, and then rallies 600 points in the afternoon. :lobby:
From what I've seen, whenever the Dow trades choppy and erratically there's a large drop just around the corner. And the Dow has been all over the place recently.
I don't see another drastic recession like what occurred in 2008, but there's is a very large pullback coming soon. Maybe a 25% ~ 30% decrease possible?
Bookmarking this for if I'm right. If I'm wrong I'll just delete this post and we can forget I ever said anything. :mrgreen:
Today (12/7/2018) the Dow is at 24,388...
I have money on the sidelines, waiting to put into tech.
My charting suggests the 18th is an important date.
I'll be looking to invest again, around then in tech.
Currently. MJ is on the rise, yesterday should have been a low, still good money here but likely a bit slower pace than prior.
or----you could just buy bitcoin:naughty:
If I owned bitcoin(never have), I would trade it all in for pot stocks.
I'm investing all my spare cash in hookers and blow... the rest I'll probably just waste on stocks.
Second straight day of over 2% (500 point) decreases.
My crystal ball says a modest correction is coming tomorrow (Tuesday December 18).
I'm just watching it going boing, boing, boing. I won't be tapping into it for 15 years.
I'll go in and buy some stock when it gets below 20K. Everybody is tapping the equity and they may just get really sloppy.