Live data from Hacker News

Stocks Off Sharply as Market Upheaval Grows

nytimes.com

141–150 of 433 posts

Re: Stocks Off Sharply as Market Upheaval Grows

#141
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…

[deleted]

Re: Stocks Off Sharply as Market Upheaval Grows

#142

Earlier quoted context omitted.

Because it's ignorant. There are cool down systems in place if the stock market swings too wildly in a short period of time.

And downvoting instead of pointing out that there are cool down systems does nothing to reduce the ignorance. If you've really got a problem with ignorance, do the grown-up thing and attack the ignorance rather than the person.

I am not an expert on the particular use, but I think it probably behooves people to disconnect a downvote of someones comment from an attack on the person.

A wildly ignorant comment (that could be remedied by a simple reading of the comments on this story) probably deserves downvotes as it doesn't add to the discussion at hand at all.

That said, this whole comment section probably deserves a big downvote as it is largely not very good from top to bottom.

Re: Stocks Off Sharply as Market Upheaval Grows

#143
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…

Regardless of your ideological background, you cannot possibly assert the U.S economy is healthy. 0% interest rate for several years is not healthy. QE is not healthy. 100+ % debt:GDP ration is not healthy. Inflating assets is not healthy. A vanishing middle-class is not healthy.

You're on such a roll with truth, I'll add too it. Wholesale orders are falling off a cliff, huge backlogs of oil, railroad shipments down sharply, container shipments down sharply, chinese currency re-set, etc.

Re: Stocks Off Sharply as Market Upheaval Grows

#144
post #120
post #70

Earlier quoted context omitted.

I just can't decide if there will be more blood, or if this is just the start...

There's old traders saying: Don't catch falling knives.

For every action or inaction, you can find some trader's saying.

Re: Stocks Off Sharply as Market Upheaval Grows

#145
post #131

Earlier quoted context omitted.

"In the US, for starters, there's a huge bubble in stocks" The median PE ratio of S&P 500 stocks at the moment is $14. That's certainly not "bubble" territory. The current market correction is surprising nobody, but I don't think many people consider this a bubble (at least for the US markets). Now there are certainly subsectors within the US that could be in bubble territory and could get hit really hard... unrealis…

I assume you meant 14, not $14. Anyway, it is false. S&P 500 P/E ratio was (until last week) around 19. The more accurate Shiller P/E was closer to 27. Way above the historical median. http://www.bloomberg.com/news/articles/2015-06-26/the-s-p-50...

The Shiller CAPE is 24.41, the historical average is 16.62:

http://www.multpl.com/shiller-pe/table

Re: Stocks Off Sharply as Market Upheaval Grows

#146
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…

Regardless of your ideological background, you cannot possibly assert the U.S economy is healthy. 0% interest rate for several years is not healthy. QE is not healthy. 100+ % debt:GDP ration is not healthy. Inflating assets is not healthy. A vanishing middle-class is not healthy.

Cherry picking much?

Re: Stocks Off Sharply as Market Upheaval Grows

#147

Earlier quoted context omitted.

Regardless of your ideological background, you cannot possibly assert the U.S economy is healthy. 0% interest rate for several years is not healthy. QE is not healthy. 100+ % debt:GDP ration is not healthy. Inflating assets is not healthy. A vanishing middle-class is not healthy.

I keep trying to tell people, but they've drank the koolaid from the mainstream media, unfortunately... the facts as you have listed them are there for anyone to think about, but the rabid "EVERYTHING IS FINE, SHUT UP AND BUY MORE" crowd won't have the thought of weak fundamentals in their head. Many of the problems are "easy" to fix with government action, but the consequences of the easy fixes are problematic.

> they've drank the koolaid

> the rabid ... crowd won't have the thought of weak fundamentals

If you've been telling people using the same level of rhetoric and the same amount of facts as in this comment, I wouldn't be surprised if they don't listen to you, regardless of whether you're actually right or not.

Re: Stocks Off Sharply as Market Upheaval Grows

#148
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…

> people were expecting a correction in the stock market for some time "People" are expecting a correction 100% of the time, so the forecast is pretty much useless. If it was truly anticipated, it wouldn't happen. Action, like that which occurred at opening this morning, is sheer panic.

That isn't true. People expect a correction when there has been a long run up in prices and when those prices are high relative to, for example, earnings. This has been the case for quite some time. On the other hand when the S&P hit the 600s in 2008 (or was it 2007?) I doubt anyone was anticipating a correction

Re: Stocks Off Sharply as Market Upheaval Grows

#149
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…

> people were expecting a correction in the stock market for some time "People" are expecting a correction 100% of the time, so the forecast is pretty much useless. If it was truly anticipated, it wouldn't happen. Action, like that which occurred at opening this morning, is sheer panic.

I'm interested to hear other people's experiences. I have a 100k trading portfolio and I have sold/bought nothing in the last week.

Thoughts on who's doing all this downward trading?

Re: Stocks Off Sharply as Market Upheaval Grows

#150

Earlier quoted context omitted.

Because it's ignorant. There are cool down systems in place if the stock market swings too wildly in a short period of time.

And downvoting instead of pointing out that there are cool down systems does nothing to reduce the ignorance. If you've really got a problem with ignorance, do the grown-up thing and attack the ignorance rather than the person.

> And downvoting instead of pointing out that there are cool down systems does nothing to reduce the ignorance.

It reduces the ignorance in those who read the comments and draw conclusions from what is upvoted and what is downvoted (even though most people won't admit that they do it even to themselves).

Post reply on HN