The Dow plunged 530 points, putting it in negative territory for the year, and the Nasdaq fell more than 3.5 percent to end the week.
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11 comments:
Bammy sez: Blaime its on Bushy.
Jeb Bush wants to put Social Security into this casino.
Fox news quoted silver as $15/lb. I haven't seen a financial goof that big since WMDT quoted barrel prices of oil for a gallon. I guess they're better than I used to give them credit for.
It's only going to get worse. Trust me on this.
Not to worry, Trump dumped half of his holdings to get $$$$ for his campaign!
I have been expecting this to happen - with the US Federal Reserve setting up an alias entity buying-up their own Treasury bonds in Luxembourg - it came as no surprise to me. Just imagine - your own US Government has now taken on more debt in the past 8 years - than it did from every President since George Washington all the way up to Obama.
I agree - with 5:30 Poster - it is going to get worse. The US Government Ponzi scheme has now been exposed. Janet Yeltsin has no more tools in her arsenal.
A mere hiccup.A minor adjustment that occurs each and every year.Usually the loss is spread out over 2 or 3 days I'll admit,but it happens yearly.No market in history ever just kept going up without adjusting itself.
Anonymous Anonymous said...
A mere hiccup.A minor adjustment that occurs each and every year.Usually the loss is spread out over 2 or 3 days I'll admit,but it happens yearly.No market in history ever just kept going up without adjusting itself.
August 21, 2015 at 10:17 PM
I agree. I have held stocks for decades. This too shall pass.
yup it's a good time to buy
My portfolio went UP this week. Screw stocks! Mutual funds are for suckers. The traders made bundles this week. Everyone wants to sell and the traders get commissions on every sale. They love up, AND down markets. All they want is high volume trades. Hope the suckers, and the ones that promote the idea that "this too will pass" don't plan on retiring with what's left of their previously over-inflated stock portfolio anytime soon. When this rout is over, many short term future retirees will find themselves having to work quite a bit longer. "Money" in the stock market is just a fantasy. Its money before you put it in, but it is just a fantasy until you take it out. Of course, everyone wants out now. And everyone is watching their fantasy evaporate at alarming speed. Unless you are young and have decades to play the market, riding an up market will always disappoint in the end. Stocks suck and my 401K went up this week. No stocks for me! For the rest of you, get out while you can and still show a gain. Don't be sucked in by the idea that you will lose those fantasy gains, or the idea that the traders want you to have...that it is a buyers market and it will go right back up again. If you get out and stay out, only the traders lose. There are safer, much less risky places to put your earnings than the stock market. Real, steady returns,with little to no risk to your capital, and not paper fantasies. When someone tries to tell me how much they made with their 401K mutual funds, I always ask if they got out already. If the answer is no, then they haven't "made" a dime, and their whole 401K is at risk of losing money, even what they put in. Its all just a fantasy folks.
10:17 - 10:57 - 7:23AM I'm sure investors felt the same way in 1928.
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