Live data from Hacker News

Stocks Off Sharply as Market Upheaval Grows

nytimes.com

21–30 of 433 posts

Re: Stocks Off Sharply as Market Upheaval Grows

#21
post #12

Earlier quoted context omitted.

Yes, you can enter into the S&P 500...

Trying to time the overall market is just as ineffectual as trying to time individual stocks. A consistent investment schedule beats hanging on to money hoping for a drop.

Well you don't need to hope for a drop, there's one going on right now! I bought more SPY today, not sure about the OP.

Re: Stocks Off Sharply as Market Upheaval Grows

#22
post #7

Broadly speaking the US economy is quite healthy and people were expecting a correction in the stock market for some time. Within tech, it will have some negative impact on the plans of some companies as it will be harder to get lofty valuations based on 'fluff'... during such times investors want to see hard facts and real results to back-up value--but that's a broader trend thats been slowly developing for some tim…

Interested to know which statistics you based this opinion of the US economy being "quite healthy" on. Anything deeper than top level unemployment rate?

Re: Stocks Off Sharply as Market Upheaval Grows

#23
post #5
post #2

Nothing to be surprised here. Anyway, finally this might be the perfect time to consider a market entry again after a lost year so far. Lost if you were refusing to buy at much too high prices. Let it go down some more days and invest then.

https://en.wikipedia.org/wiki/Market_timing#Evidence_for_mar... > Studies find that the average investor's return in stocks is much less than the amount that would have been obtained by simply holding an index fund consisting of all stocks contained in the S&P 500 index.

The biggest "secret" on Wall Street is that active money management is often worthless. The ability of someone to 'beat the market' on a long term basis is extremely limited. Most investors are better off just buying a few index ETFs and letting it ride for 30 years.

Given that many banks have gotten out of prop trading and are now shifting into "wealth management" shops (hey we lost all our money when we tried that game... why don't we try it with your money!) there's clearly a lot of effort to convince people otherwise... but the numbers don't lie.

Re: Stocks Off Sharply as Market Upheaval Grows

#24

The global panic might have a good reason, this is probably the first time China goes through a true financial crisis. Their ability to deal with such situation is by and large unknown to anyone.

This quite true although they have case studies to follow from the west and Asia. This statement from the '97 Asian Crisis [0]

  Unlike investments of many of the Southeast Asian nations, almost all 
  of China's foreign investment took the form of factories on the 
  ground rather than securities, which insulated the country from rapid 
  capital flight.
shows the contrast with current realities.

[0] https://en.wikipedia.org/wiki/1997_Asian_financial_crisis#Ch...

Re: Stocks Off Sharply as Market Upheaval Grows

#26
post #15
post #6

I think it's a bad sign when they can write an article and get it out in under 25 minutes...but by the time they release the article, the market has gone up by half the amount it fell on opening. This market is severely flawed.

[deleted]

I think they're the only ones who should really feel much need for anyone to save the day.

These kinds of daily and hourly aerobatics are high-frequency noise that should only be interesting to people who make money by speculating or placing advertisements next to the articles they write.

Re: Stocks Off Sharply as Market Upheaval Grows

#27
post #7

Broadly speaking the US economy is quite healthy and people were expecting a correction in the stock market for some time. Within tech, it will have some negative impact on the plans of some companies as it will be harder to get lofty valuations based on 'fluff'... during such times investors want to see hard facts and real results to back-up value--but that's a broader trend thats been slowly developing for some tim…

Interested to know which statistics you based this opinion of the US economy being "quite healthy" on. Anything deeper than top level unemployment rate?

I am also interested in seeing the data which claims that the US economy is quite healthy right now.

The unemployment rate is a juked stat; check out the labor force participation rates if you want the full story. A primer: labor force participation got smashed in the Great Financial Crisis, and still hasn't recovered.

Re: Stocks Off Sharply as Market Upheaval Grows

#28

It's hard for me to tell whether this is just a "correction" (massive deflation after exuberance) or an actual meltdown. I had predicted the actual meltdown for September of 2015, but I guess this is pretty close. I wonder how this will affect my life, if at all. "The New York Stock Exchange said it will halt trading for 15 minutes if the Standard & Poor’s 500 Index drops 7 percent." [0] How is it fair that the marke…

It's not "fair", but it is a legal requirement.

You should definitely remove the idea that markets are "fair" from your mind. If they were "fair" that would be a lottery not a market.

Re: Stocks Off Sharply as Market Upheaval Grows

#29
post #7

Broadly speaking the US economy is quite healthy and people were expecting a correction in the stock market for some time. Within tech, it will have some negative impact on the plans of some companies as it will be harder to get lofty valuations based on 'fluff'... during such times investors want to see hard facts and real results to back-up value--but that's a broader trend thats been slowly developing for some tim…

Interested to know which statistics you based this opinion of the US economy being "quite healthy" on. Anything deeper than top level unemployment rate?

Debt to income ratios, capitalization of companies, worker productivity, oil prices, savings rates, more healthy housing prices (in most areas), foreclosure rates, industrial orders, housing starts, .... This isn't 2007-08.

Re: Stocks Off Sharply as Market Upheaval Grows

#30
post #7

Broadly speaking the US economy is quite healthy and people were expecting a correction in the stock market for some time. Within tech, it will have some negative impact on the plans of some companies as it will be harder to get lofty valuations based on 'fluff'... during such times investors want to see hard facts and real results to back-up value--but that's a broader trend thats been slowly developing for some tim…

Interested to know which statistics you based this opinion of the US economy being "quite healthy" on. Anything deeper than top level unemployment rate?

[deleted]
Post reply on HN