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Stocks Off Sharply as Market Upheaval Grows

nytimes.com

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Re: Stocks Off Sharply as Market Upheaval Grows

#121

Post by kachnuv_ocasek »

code4tee wrote: 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…

Can't wait till we link to this comment 5 years from now, laughing at how gullible we were – again.

Re: Stocks Off Sharply as Market Upheaval Grows

#122

Post by mikeash »

valarauca1 wrote: post #93
th0waway wrote: post #65

Earlier quoted context omitted.

more like "obey or die"

That's more or less US anti-communist propaganda. I've been to china once, lived with Chinese Nationals for several years, and currently telecommute with partners in China. There is wide spread support for the party. People do understand that the chinese system is unique, and not necessarily the only government system. They simply believe it is better. Which from a socio-economic outlook it kind of has been for the p…

I think it's also important to understand that before the Communists took power, China had spent more than a century being trampled by various foreign powers, starting with the British and expanding from there, and finally ending with the Japanese rampaging through the country in the lead-up to WWII.

Under the Communists, China put a stop to all of this and became a major power again. There are certainly problems in China, but the average person is way better off today than before the Communists took over, and not just because of economic growth.

Now, one can argue that the Communists weren't necessary to make this happen, or that they even impeded progress. (Fighting a civil war and the Japanese at the same time certainly wasn't very helpful.) But the fact remains that they were the ones in charge while this change took place, and they get a lot of credit for that.

Re: Stocks Off Sharply as Market Upheaval Grows

#123

Post by qrendel »

jebblue wrote: post #89
jebblue wrote: post #52

Earlier quoted context omitted.

I'm not rich enough to be an investor but I agree, some kind of cool down system should be required.

Why was this down voted?

It appears a good portion of comments in this thread have been, many of them not obviously bad. HN seems to have developed a contingent of people who downvote anything they disagree with, without explaining why they disagree, and this thread is particularly heavy on them.

Re: Stocks Off Sharply as Market Upheaval Grows

#124

Post by skylan_q »

roymurdock wrote: post #56
dataker wrote: post #14

I'm assuming the Fed will not raise interest rates now.

I'm struggling to think of what the Fed can even do in this situation. I guess they can either 1) dig themselves deeper into a hole and issue another round of QE to inject liquidity into the markets or 2) do absolutely nothing. Though they are probably loathe to do nothing as then it would seem like they don't have a solution. Whatever happens, it will be an interesting/exciting time in non-traditional monetary polic…

The fed is paying interest to the banks for excess reserves they have parked at the fed. If they lower the interest rate they're paying out on the excess reserves, banks might move some of that money out of the fed and into other investments.

Re: Stocks Off Sharply as Market Upheaval Grows

#125

Post by logicchains »

valarauca1 wrote: post #93
th0waway wrote: post #65

Earlier quoted context omitted.

more like "obey or die"

That's more or less US anti-communist propaganda. I've been to china once, lived with Chinese Nationals for several years, and currently telecommute with partners in China. There is wide spread support for the party. People do understand that the chinese system is unique, and not necessarily the only government system. They simply believe it is better. Which from a socio-economic outlook it kind of has been for the p…

Counterpoint: I lived in Eastern China from 2011-2013, and the majority of the people I met around my age (early twenties) hated the party. They hated the Great Firewall, hated the censorship and hated the Chengguan (https://en.wikipedia.org/wiki/City_Urban_Administrative_and_...). They just didn't linger on it much as they didn't feel there's anything they could do to change it. Certainly none believed it was "better" than the political systems in Taiwan, Singapore or pre-Chinese Hong Kong. Of course, that could just be due to selection bias in the people I associate with.

Re: Stocks Off Sharply as Market Upheaval Grows

#126

Post by piratebroadcast »

I'm a Web Developer with a few years of experience on the East Coast. I do OK, salary wise. I missed the first bubble and am not on the East Coast. What should I expect from this? Layoffs mean more developer supply? Just trying to be cautious and prepared for worst case.

Re: Stocks Off Sharply as Market Upheaval Grows

#128

Post by forgetsusername »

MCRed wrote: post #75
code4tee wrote: post #29

Earlier quoted context omitted.

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.

Note: I've been slow banned for this comment. Please read it, I'm sure a hell ban is coming next. Apparently having a different opinion politely expressed is not even allowed here anymore. Debt to Income- yes everyone and their dog walker is not out there buying condos hoping to flip them in 3 years, so we are less leveraged than we were. Hard to tell how much of this is because people have more money coming in or ar…

>having a different opinion politely expressed

Do you honestly think you're expressing a different opinion by stating that everything is mostly bad? I'd say you're comfortably in the internet majority.

>I'd like a stat that was EBIDTA of the S&P 500, inflation adjusted against the real money supply, over the past 30 years.

Okay:

http://www.multpl.com/s-p-500-earnings/

Re: Stocks Off Sharply as Market Upheaval Grows

#129

Post by logicchains »

mikeash wrote: post #103
logicchains wrote: post #71

Earlier quoted context omitted.

Would you consider it less flawed if it hadn't rebounded after the drop? I thought being able to recover quickly from market shocks was considered a good thing.

I don't understand your critique. It's a good thing that the market rebounded but how does that make the article better? It's like writing an article about a guy falling out of a plane and how he's going to go splat when he hits the ground, and by the time you hit "publish" the guy has already opened his parachute and landed safely. It's great that he survived but the article is bad!

I wasn't defending the article. The poster I was replying to referred to the market as "flawed", so I suppose I was defending the market?

Re: Stocks Off Sharply as Market Upheaval Grows

#130

Post by forgetsusername »

kachnuv_ocasek wrote: post #121
code4tee wrote: 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…

Can't wait till we link to this comment 5 years from now, laughing at how gullible we were – again.

>laughing at how gullible we were – again.

What exactly are we "falling for"? The economy ebbs and flows, as it has for centuries.

The real gullibility is thinking that these cycles somehow represent the end of the world.

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