OMG - The Dow is down nearly 700 points

[DemocratSinceBirth]

https://www.google.com/search?q=dow+live&oq=dow+live&aqs=chrome.0.69i59j69i65j0l4.2608j0j7&sourceid=chrome&ie=UTF-8




Is this a correction or the end of the bull market that began in March of 2009 ?

[USALiberal]

1. Wow

[DemocratSinceBirth]

3. It moved 150 points in the space of five minutes.

[njhoneybadger]

2. Excellent!

[PJMcK]

26. Really? (n/t)

[brooklynite]

30. I KNEW I could rely on someone to throw out a "screw the rich" message!

Of course, the Union pension funds and middle class investors lost money too, but who cares?

[njhoneybadger]

36. Cmon it's a bubble has nothing to do with "screw the rich"

Union pension funds are a long term investment, cut the bullshit
I have a fair amount of money in there myself.

[brooklynite]

37. I absolutely agree that this a short-term hiccup...

But the poster I responded to proclaimed "Excellent!"

[njhoneybadger]

39. I admit I want tRump to look bad for the election

And if the stock market has a correction, well Excellent!

[Calculating]

34. Why?

Do you enjoy seeing people lose money or something?

[njhoneybadger]

38. People should invest for the long term

What happens in the next month is not important
But nice try

[Odoreida]

4. Just a bit of profit taking.

Got a problem with capitalism?

[Lucky Luciano]

5. It's an overdue sell off. Don't get overly excited. nt

[LanternWaste]

8. That's one of many ongoing analyses. Don't get overly confident. nt

[Lucky Luciano]

15. I'm roughly neutral to the SPX outcome.

We are later cycle of a bull run. Powell’s comments along with any future strong economic numbers reinforce the case for higher rates. This will cap the equity market in the short term, so a little correction is in order after this run.

[redstatebluegirl]

6. So the fact that my retirement is dropping is not an issue for the Donald.

[dogman]

7. Trade wars have casualties.

This is a very stable genius who's uncle was a scientist leading us into battle.

[saidsimplesimon]

9. 800 yesterday, so down by 1500 points?

Good question, perhaps it will close higher? I think it is reflecting the insanity of greed. Those holding "short" positions will make a killing, pun intended.

"Irrational enthusiasm" was Greenspan's excuse when he explained why he failed to predict the unregulated markets were doomed to fail.

[Johnny2X2X]

10. Lots of signs

If you aren't retiring any time soon do not worry, it will come back. If you're close to retirement you should have been moving out of the market already.

[woodsprite]

12. When you say "close to retirement"

What timing are you thinking is close? Within a year? In the next 4 yrs, 10yrs, etc.?

[Johnny2X2X]

14. Next 4 years

If you're planning on retiring in the next 5 years you should have started pulling out of the stock market.

[woodsprite]

18. Sounds like I'm good for awhile then. I'm looking at 12-15 yrs more.

The other thing is that I opted to be very conservative in my investments. So far it's been slow and steady.

[Johnny2X2X]

22. Good for you

Get a good adviser. Also, there's a reason corporations do an 80-20 split on stocks and bonds for their investments. Max return with little risk.

[Skruffy]

27. I am out. Waiting for the house market to shift and will invest there.

I think Trump may have the house market tumbling 2019/2020. Any thoughts?

[Johnny2X2X]

40. Smarter people than I have no idea

If you pulled out, where did you park your money for now?

[Skruffy]

43. It is sitting around. Bad me, lol. I gotta get on it.

Just sitting in Cd's

[duforsure]

11. Before its all done

The trump slump will crash the economy , and get worse when trump starts another war for profit and for political reasons for himself. Most could see this coming and its just the start of it. The trump slump will prove badly for trump and the gop and Mid Terms, and they'll lose both the House and the Senate. They've already talked about how they'll destroy Social Security , and all the health care we have, so they're digging their own graves. Trump again will blame others from his incompetence. This will snowball into worse soon.

[anarch]

13. just a bit of a periodic cash-in; we'll see if it qualifies as a correction

(disclaimer: I don't know jack shit about the stock market; I just assume the whole system is set up to keep itself running and enriching the people at the top of the pyramid, and they rely on civilization not collapsing and stuff like that, so hopefully they're just intent on fleecing us for the moment, and not just outright slaughtering us or selling us on the open market to intergalactic slave-lords or something...haha...j/k...and/or we won't end up with "all your debt belongs to us now" from Vlad and his chaps will we?)

[SeattleVet]

16. In the world according to the freepers...

it's all Soros and the Democrats causing this as an 'October Surprise' to make Dear Leader OrangeAnus look bad.

(And some of these people vote! Remember that, and get out this time, and make sure everyone you know votes, too!)

[Awsi Dooger]

17. It was an automated sell order

Massive amount triggered by reaching a certain number on the way down, and it pushed the market below sentiment and fundamentals for today. so there was a steady buy back.

Market has recovered quite a bit but there could still be an unrelated sell off at close. That is typical when the direction is down after days like yesterday and today.

[DemocratSinceBirth]

19. The VIX is off the chart.

It has moved around 400 points in the past hour, from 700 to 300 and now back to 500.

[Awsi Dooger]

21. Market dropping toward the close as expected

It had recovered to down 230 or thereabouts but now down 490 and dropping all the time.

I'm heavily invested and am getting hammered but I don't mind the timing of this for political purposes.

A Friday (tomorrow) should be another drop under these conditions. Panic sets in on Friday and also the trading programs are active with selling

[Skruffy]

29. Interesting.

Thanks for the conversation even though I was not a participant. Cool.

[Awsi Dooger]

42. You are welcome

Dow futures are way up for tomorrow so I might have been wrong about another down day.

Fridays are normally sell offs during downturns but that is more true at the end of the month when the mutual fund managers, pension fund managers and hedge fund managers sell to lock in a profit for that month or quarter. That doesn't apply now because we are in the middle of the month.

Even if tomorrow is positive I would still expect a downturn to end the day, at least to small degree. Late Friday during a poor week is almost always a gulp of reality of more bad times ahead, leading to some selling.

[Johonny]

20. Got out in Sept with most of my money.

A little exposed still, but, yeah we all saw this coming.

[G_j]

23. -545.91

close

[EllieBC]

24. Maybe this will help?

If the markets fail maybe those who hold the wealth will pressure the GOP to get rid of Trump?

At the end of the day I think only money will get rid of him.

[Skruffy]

28. From a wealthy persons perspective, this works for them.

It plummets, they buy up stock.

[lpbk2713]

25. Will someone please let me know when America is great again?

Thanks.

[uponit7771]

31. Looked like the push above 26k was very artificial

[Squinch]

32. It's the Obama economy giving way to the trump economy.

[budkin]

33. FAKE NEWS

MAGA HAT = SUPERMAN

[Lady_Chat]

35. Not a hurricane, Not the Market dropping

Kanye West is visting the White House, that's all that matters. And of course how 'violent" Eric Holder is. Guess everyone forgot the 2016 Trump rallies, and the Neo Nazis in Charlottesville.

[panader0]

41. 90% of stock is owned by the top 10%.

It's a rich person's game. No one I know owns stock.