191–200 of 433 posts
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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.
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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 "bet…
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…
Unfunded liabilities (money that is owed, but not currently on-hand) in the United States are said to be greater than $127T: http://www.forbes.com/sites/realspin/2014/01/17/you-think-th... This does not account for unfunded liabilities owed by the states. The situation there is very difficult as well. You also mention that China is rampant with corruption. In my view, with respect to politics and cronyism, I think th…
This is classic one-sided accounting. That money is not vaporized, never to be seen again when it's paid out. It is paid to US citizens as income. Out one pocket, into another.
Stocks are rebounding. Someone made it off like a bandit this morning.
Disney stock was down almost 10% this morning. HOW POSSIBLY can it be rational for Disney stock to drop 10% because of a single day of rough trading in the Shanghai market, especially given how much Disney has dropped already in the last few months? I considered that the buying opportunity of the year. (knock on wood...)
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"Historically speaking" Historically speaking, when has the Fed kept interest rates at ZERO for 7 years? After pumping QE full throttle at $80B/mo? The economy has been in continuous "recovery" mode since '08, but not much has actually recovered. The market is going to collapse my friend because, historically speaking, we are in dark, uncharted territory and have lost our way back.
Interest rates are nominal; they only matter relative to some equilibrium. The equilibrium interest rate is somewhere close to zero.
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Capitalism at it's finest. The race to the bottom will eventually force someones (possibly everyones) hand. The mechanism that will drive change (either violent/non-violent) is just a matter of who blinks first.
> What are you going on about? If capitalism is a race to the bottom, we would have reached it a long time ago. Only for a long time it had internal pressure (workers demands) and external pressure (the Cold war etc). Else we'd be still with child labor, 14 hours work day and such...
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> 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?
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Capitalism at it's finest. The race to the bottom will eventually force someones (possibly everyones) hand. The mechanism that will drive change (either violent/non-violent) is just a matter of who blinks first.
> Capitalism at it's finest. The race to the bottom will eventually What are you going on about? If capitalism is a race to the bottom, we would have reached it a long time ago. Capitalism isn't new. It's been around for a while.
Stocks are rebounding. Someone made it off like a bandit this morning.
Disney stock was down almost 10% this morning. HOW POSSIBLY can it be rational for Disney stock to drop 10% because of a single day of rough trading in the Shanghai market, especially given how much Disney has dropped already in the last few months? I considered that the buying opportunity of the year. (knock on wood...)
People being forced to liquidate positions (margin calls, panic) and no buyers.