U.S. Stock market "CORRECTION!!" Why am I not "too-skeered"

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Fritz

Social climber
Choss Creek, ID
Topic Author's Reply - Oct 18, 2018 - 07:43pm PT
Xcon! So true! The dreaded "Black Monday" of 1987 is always a real possibility in these troubled investment time.

In finance, Black Monday refers to Monday, October 19, 1987, when stock markets around the world crashed. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already sustained significant declines. The Dow Jones Industrial Average (DJIA) fell exactly 508 points to 1,738.74 (22.61%).[1

In the long-run, Oct. 18, 1987, is a significant sell-off before the huge market run-up of the 1990's, before the big double sell-off of 2000 - 2001, & the great recession of 2008.

In this chart of the S & P 500 since 1950, despite all the horrible news, sell-offs, & ruined investors, the average somehow keeps going higher.

Interesting, ain't it?

Credit: Fritz
Reilly

Mountain climber
The Other Monrovia- CA
Oct 18, 2018 - 08:38pm PT
xMan, don’t dig yer hole any deeper. Labor dug its own hole - how many Murricans don’t even graduate from high school? And if they do they’re only marginally literate. If they go to college half of em get degrees in irrelevancy. I know, morons should all be guaranteed great jobs sitting on their asses.
Reilly

Mountain climber
The Other Monrovia- CA
Oct 19, 2018 - 09:39am PT
xCon, I have worked with special needs kids but I really have a hard time understanding your gibberish. And it isn’t that I’m not appreciative of stream of consciousness - I guess I’m just not appreciative of stream of unconsciousness.

Here’s a nice concise synopsis, in English, of why wages have stagnated (in more politically correct terms):

In a typical economic recovery, companies have to raise wages in order to attract and retain increasingly scarce workers. However, there hasn’t been as strong a demand for more workers in this recovery because global growth has been slower.

Demographic trends across developed markets are an important part of the explanation. In the U.S., the main reason for the fall in the unemployment rate has been the retirement of baby boomers, a trend that the recession probably accelerated and that is likely to continue for decades. The U.S. labor force participation rate has shrunk by almost 4%, or more than 9 million workers, since the GFC. And because the retiring boomers have been replaced by younger and cheaper workers, the usual post-recession surge in wages, after adjusting for inflation, hasn’t materialized.
zBrown

Ice climber
Oct 21, 2018 - 02:24pm PT
Apparent ad which showed up on a news summary page

I may eat it later

https://seekingalpha.com/amp/article/4212778-nice-15_6-percent-yield-summit-midstream-life

Things are bad at Sears. They're worse at Kmart



https://amp.cnn.com/cnn/2018/10/21/business/sears-bankruptcy-kmart/index.html
EdwardT

Trad climber
Retired
Oct 23, 2018 - 07:32am PT
Yep. I'm a little skeered.
clifff

Mountain climber
golden, rollin hills of California
Oct 23, 2018 - 11:23am PT
Paul Krugman Warns Trump Is Poised To Disregard Democratic House Victory

https://www.yahoo.com/news/paul-krugman-warns-trump-poised-065936913.html?.tsrc=daily_mail&uh_test=1_01

Krugman is convinced that if the Democrats win a majority in the House, Republicans will claim the election was stolen, deny the legitimacy of the victory, and create a “nightmarish political situation.”
Reilly

Mountain climber
The Other Monrovia- CA
Oct 23, 2018 - 11:27am PT
Well, let’s hope that’s gud for the markets!
StahlBro

Trad climber
San Diego, CA
Oct 23, 2018 - 12:07pm PT
As usual, the GOP is driving full speed into another recession. Just like their liar-in-thief Cheeto Jesus, they will rape and pillage, then escape with their ill-gotten gains and leave nothing but a steaming pile behind. This time they will raid SS on the way out, unless they lose the house.

Then they will sit on the sideline and b*tch about the DEM’s not cleaning up the mess fast enough. A percentage of the voting public, having a short memory and poor critical thinking skills, will elect another GOP mob and the cycle will start all over again.

Ground Hogs Day.

Same as it ever was.

It is our karmic wheel.
Gary

Social climber
Desolation Basin, Calif.
Oct 23, 2018 - 03:10pm PT
As usual, the GOP is driving full speed into another recession. Just their like their liar-in-thief Cheeto Jesus, they will rape and pillage, then escape with their ill-gotten gains and leave nothing but a steaming pile behind.

This is nothing new, it's standard procedure.
moosedrool

climber
Andrzej Citkowicz far away from Poland
Oct 23, 2018 - 08:24pm PT
https://www.cnbc.com/2018/10/24/interest-rates-trump-attacks-fed-chairman-powell-wsj-reports.html

"Trump directly attacks Fed Chairman Powell, saying 'Obama had zero' interest rates

President Donald Trump attacked Fed Chairman Powell by name in an interview with the Wall Street Journal.
Trump accused Powell of endangering the U.S. economy by raising interest rates.
The U.S. president indicated that he sees the current performance of the economy as a competition between himself and President Barack Obama."

What a putz.

Sad

Moose
Reilly

Mountain climber
The Other Monrovia- CA
Oct 23, 2018 - 08:33pm PT
You guys that think recessions, or the recovery from same, are the sole purview of either party should lose yer voting rights. It is quite clear not a one of you has read a book on economics.
moosedrool

climber
Andrzej Citkowicz far away from Poland
Oct 23, 2018 - 08:43pm PT
not a one of you has read a book on economics.

I haven't, have you, Reilly?

Btw, do you know many rich teachers of economics?

LOL

Moose
Gary

Social climber
Desolation Basin, Calif.
Oct 24, 2018 - 07:13am PT
You guys that think recessions, or the recovery from same, are the sole purview of either party should lose yer voting rights. It is quite clear not a one of you has read a book on economics.

Is it just a coinkydink that Republicans rule over recessions?

And why do you place so much faith in economists? There's more science in sociology.
AKDOG

Mountain climber
Anchorage, AK
Oct 24, 2018 - 09:27am PT

Btw, do you know many rich teachers of economics?

It depends on what you consider rich.... Plenty of well off economists. A little knowledge in economic theory can go a long way in building and retaining wealth; with simple ideas like portfolio diversification, risk management, debt theory, leverage cycles, etc.
Toker Villain

Big Wall climber
Toquerville, Utah
Oct 24, 2018 - 12:40pm PT
Sort of the same for "money managers". If they were so good at it they'd be rich and wouldn't NEED to work.

I choose my own investments.
StahlBro

Trad climber
San Diego, CA
Oct 24, 2018 - 01:00pm PT
The GOP “cut taxes and gut regulations” to “fix” the economy is complete horsesh*t and has no basis in fact.

They spend the money regardless, counting on capitalist voodoo to bail them out. It never happens.

Citizens United and Trickle Down economics. Corporate takeover of ‘Merica.
Jon Beck

Trad climber
Oceanside
Oct 24, 2018 - 01:13pm PT
Who needs economists when yous got Gene Simmons

https://www.thestreet.com/video/dow-nearing-a-1200-point-correction-says-kiss-legend-gene-simmons-14707143

Toker Villain

Big Wall climber
Toquerville, Utah
Oct 24, 2018 - 01:18pm PT
Never was a Kiss fan, but I like Simmons' perspicacity.
EdwardT

Trad climber
Retired
Oct 24, 2018 - 01:22pm PT
Fat bottom girls....
Norton

climber
The Wastelands
Oct 24, 2018 - 02:02pm PT
well now the S&P 500 is down only 12% from its highs

traditionally bear market corrections are considered starting at 20% off the top so lots more to go

meanwhile, those with short positions are enjoying large and very fast profits

nothing to be skeered of, of course
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