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Re: Stock Market Dropped [Re: Trapper7] #7360406
09/20/21 08:33 PM
09/20/21 08:33 PM
Joined: Aug 2010
Posts: 10,787
Asheville, NC
C
charles Offline
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charles  Offline
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Joined: Aug 2010
Posts: 10,787
Asheville, NC
About 1/3 of my investment is in a guaranteed fixed 3.5% retirement fund at Prudential. Hardly a month goes by that I don't regret that "inflationary loss", then we have a day like today and I know why I leave those funds alone. I'll be 75 next month.

Re: Stock Market Dropped [Re: Trapper7] #7360423
09/20/21 08:46 PM
09/20/21 08:46 PM
Joined: Feb 2014
Posts: 13,057
Ky
J
jbyrd63 Online content
trapper
jbyrd63  Online Content
trapper
J

Joined: Feb 2014
Posts: 13,057
Ky
Yep joe the fixer looking bad so the market prediction gurus released a statement this afternoon that businesses would have record profits this quarter! ON WHAT? Shelves are empty, car lots are bare. Every thing you try to order is unavailable or delayed . Can’t make profits if your not sell products. Don’t start with “ no overheads “ That narrative can be milked only so long. They are trying to get market to rebound because make believe money is only thing bobo has left He’s even getting bad mouthed by chuck todd yesterday!!!

Re: Stock Market Dropped [Re: Trapper7] #7360428
09/20/21 08:49 PM
09/20/21 08:49 PM
Joined: Feb 2014
Posts: 13,057
Ky
J
jbyrd63 Online content
trapper
jbyrd63  Online Content
trapper
J

Joined: Feb 2014
Posts: 13,057
Ky
How’s that Bitcoin thing looking this evening? If you bought some early you still ok. But how does it feel for 7000 bucks to evaporate

Re: Stock Market Dropped [Re: maintenanceguy] #7360455
09/20/21 09:18 PM
09/20/21 09:18 PM
Joined: Mar 2007
Posts: 35,124
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
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Joined: Mar 2007
Posts: 35,124
McGrath, AK
Originally Posted by maintenanceguy
I don't know what's going to happen long term. Every time I've gotten into or out of the market because I knew what was going to happen, I was wrong. I've even gotten lucky and got out at the right time and avoided some big losses - only to not get back in at the right time and I missed some big wins. I would have been better off doing nothing - so that's what I do now. Set it and forget it.

I'm down 0.96% today. Less than 1%. 1% loss sucks but I'm going to stick it out and see what tomorrow brings.



Futures are already in the green..but only about a quarter percent. Could go either way tomorrow.

I don't see a real comparison between the Evergrande situation and the Lehman Brothers collapse that triggered the Great Recession. The debt of Lehman Bros was spread around to multiple other large US banks. That was the contagion factor.

Evergrande's debt is mostly backed by the PBOC..People's Bank of China ......China's 'federal reserve'. Blackrock, in the US is the only major US player involved in Evergrande's debt.

I suspect China will at some point step in and stabilize Evergrande because they do not want a domino effect among Chinese banks...............BUT......they might let this go a while to send a message to other Chinese firms that have a capitalist leaning. Look what they did to Alibaba, and Ant Financial in the last 12 months. I think this may be part of Xi reasserting communist first principles. ( do communists have principles ? )

Today's market drop could be just using Evergrande as an excuse to take some profit. We have another fed meeting this week, debt ceiling battle in Congress, increasing inflation, the Delta variant, an additional 5 trillion in proposed spending......what could go wrong ?

The dollar also strengthened today. That will put additional pressure on China.

Seemed like some screaming buys out there today. I guess we'll find out in the future if that's true.


Mean As Nails
Re: Stock Market Dropped [Re: Trapper7] #7360462
09/20/21 09:25 PM
09/20/21 09:25 PM
Joined: Mar 2010
Posts: 5,922
2A Sanctuaries-W. OK & N. NM
Blaine County Offline
trapper
Blaine County  Offline
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Joined: Mar 2010
Posts: 5,922
2A Sanctuaries-W. OK & N. NM
Good analysis White.

In my opinion, there is no reason to panic yet. Big drops happen.

Re: Stock Market Dropped [Re: Trapper7] #7360464
09/20/21 09:27 PM
09/20/21 09:27 PM
Joined: Mar 2007
Posts: 35,124
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,124
McGrath, AK
And it can be rather refreshing when they do.....................in the long run.

Buffett once remarked that at times like this it is best to sit on your hands


Mean As Nails
Re: Stock Market Dropped [Re: white17] #7360468
09/20/21 09:33 PM
09/20/21 09:33 PM
Joined: Mar 2010
Posts: 5,922
2A Sanctuaries-W. OK & N. NM
Blaine County Offline
trapper
Blaine County  Offline
trapper

Joined: Mar 2010
Posts: 5,922
2A Sanctuaries-W. OK & N. NM
Originally Posted by white17
And it can be rather refreshing when they do.....................in the long run.

Buffett once remarked that at times like this it is best to sit on your hands


I could have used that reminder about 3:00 this afternoon when I went shopping.

We'll see.....

Re: Stock Market Dropped [Re: Trapper7] #7360480
09/20/21 09:44 PM
09/20/21 09:44 PM
Joined: Mar 2007
Posts: 35,124
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,124
McGrath, AK
LOL

I'll admit that I had to do a little buying today also.


Mean As Nails
Re: Stock Market Dropped [Re: Trapper7] #7360494
09/20/21 10:00 PM
09/20/21 10:00 PM
Joined: Jun 2012
Posts: 3,829
KY.usa
rex123 Offline
trapper
rex123  Offline
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Joined: Jun 2012
Posts: 3,829
KY.usa
September is usually a wacky month for stocks but have to say some items were on sale.

Re: Stock Market Dropped [Re: Trapper7] #7360506
09/20/21 10:10 PM
09/20/21 10:10 PM
Joined: Apr 2010
Posts: 3,912
Ohio
S
stinkypete Offline
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stinkypete  Offline
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Joined: Apr 2010
Posts: 3,912
Ohio
Thanks for your insight White 17. Always good to hear your insight on today’s market. Sitting on ones hands is a good idea. But I was a bargain hunter today. laugh

Re: Stock Market Dropped [Re: Trapper7] #7360507
09/20/21 10:11 PM
09/20/21 10:11 PM
Joined: Mar 2007
Posts: 35,124
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 35,124
McGrath, AK
laugh It's hard to let a crisis go to waste laugh


Mean As Nails
Re: Stock Market Dropped [Re: Trapper7] #7360594
09/20/21 11:27 PM
09/20/21 11:27 PM
Joined: Jan 2014
Posts: 20,914
North East Kansas
Marty Offline
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Marty  Offline
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North East Kansas


E
'Honey Badger Militia'
Sleep, the anti woke adote.
Re: Stock Market Dropped [Re: Trapper7] #7360613
09/21/21 12:11 AM
09/21/21 12:11 AM
Joined: Mar 2010
Posts: 3,035
wyoming southeast
D
danvee Offline
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danvee  Offline
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Joined: Mar 2010
Posts: 3,035
wyoming southeast
just a buying opportunity, its not going to evaporate.

Re: Stock Market Dropped [Re: Trapper7] #7361719
09/22/21 01:14 PM
09/22/21 01:14 PM
Joined: Mar 2010
Posts: 3,035
wyoming southeast
D
danvee Offline
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Joined: Mar 2010
Posts: 3,035
wyoming southeast
Glad I bought the dip made some good bucks but looking to more volatility.

Re: Stock Market Dropped [Re: Trapper7] #7361803
09/22/21 03:31 PM
09/22/21 03:31 PM
Joined: Aug 2010
Posts: 10,787
Asheville, NC
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charles Offline
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charles  Offline
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Joined: Aug 2010
Posts: 10,787
Asheville, NC
Up 460 at 3:30 this afternoon.

Re: Stock Market Dropped [Re: charles] #7361844
09/22/21 04:26 PM
09/22/21 04:26 PM
Joined: Dec 2006
Posts: 11,293
East-Central Wisconsin
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bblwi Offline
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Joined: Dec 2006
Posts: 11,293
East-Central Wisconsin
Cautiously up about half the loss so far. September and early Oct. have historically been bearish months for the market.

Bryce

Re: Stock Market Dropped [Re: Trapper7] #7361853
09/22/21 04:37 PM
09/22/21 04:37 PM
Joined: Feb 2014
Posts: 13,057
Ky
J
jbyrd63 Online content
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jbyrd63  Online Content
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Joined: Feb 2014
Posts: 13,057
Ky
The fed won't do their job to curtail inflation and raise interest rates. BOBO couldn't survive the market crashing along with the ENTIRE NATION !!!!

Re: Stock Market Dropped [Re: Trapper7] #7362460
09/23/21 10:51 AM
09/23/21 10:51 AM
Joined: Mar 2010
Posts: 3,035
wyoming southeast
D
danvee Offline
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danvee  Offline
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Joined: Mar 2010
Posts: 3,035
wyoming southeast
Market is doing fine and over the long run will make money its a long term game for me. I remember the Regan era and buying a home at 14.9 % interest raising rate is not the answer now. It will happen over time and gradual is the way to do it.

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