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Stocks Off Sharply as Market Upheaval Grows

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41–50 of 433 posts

Re: Stocks Off Sharply as Market Upheaval Grows

#41

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…

Why did you predict a meltdown?

Re: Stocks Off Sharply as Market Upheaval Grows

#42

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…

Sorry but how do you know enough to "predict" a September 2015 meltdown and then um and ah about whether this might be a correction? It's 6 days short of September and you are not sure? Pardon my skepticism.

Re: Stocks Off Sharply as Market Upheaval Grows

#43

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…

"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." If you predicted it, then it should at least make you rich? :)

Thank you.

This cognitive fallacy of "I knew" and "I was saying it long ago" etc... really irks me.

Especially in something like stocks you are 100% right, put your money where your mouth is and spare us the story of your grand predictive prowesses.

Re: Stocks Off Sharply as Market Upheaval Grows

#44

Oh look, an opportunity to buy.

Warren Buffett says "If you're buying hamburger your whole life, do you want the price to be low or high?"

For me, the situation is such a mess that I don't think we're close yet to what I would consider a buying opportunity.

One saying is "buy when there's blood in the streets"... but I don't think we're there yet.

Downvoted and slow banned. Why do I even contribute to this site?

Re: Stocks Off Sharply as Market Upheaval Grows

#46
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…

> Broadly speaking the US economy is quite healthy

In reality, it's the exact opposite of "quite healthy". Here's a good overview of what's up: http://www.oftwominds.com/blogaug15/bear8-15.html

Re: Stocks Off Sharply as Market Upheaval Grows

#47

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…

Can you elaborate on your prediction? I'm interested in the details.

Re: Stocks Off Sharply as Market Upheaval Grows

#48

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…

"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." If you predicted it, then it should at least make you rich? :)

I don't gamble and I don't have enough money to gamble, and, even if I did, I'd have been wrong by a few weeks anyway.

It's more of a morbid curiosity for me.

Re: Stocks Off Sharply as Market Upheaval Grows

#50
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?

Corporate profits have been good, GDP has been rising at a decent rate, consumer confidence has been looking OK. Statistically, the economy has been looking alright, although the distribution of benefits continues to be unequal.
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