News of likely tariffs against China sent the market into a freefall today. Do you all think this is a short-term reaction to bad news, or the start of a longer correction? Just curious to hear everyone's thoughts about it.

It’s been rolling this is a correction at a minute amount

I think, if any one in the markets says Tariffs to loud the market falls, started yesterday and I'm happy we have a weekend to go through than the rest of the week !!

Market is overbought and this was as good of a reason as any to take some profits.

It's just a casino now, not based off facts anymore just pixie dust and fairy farts so who know's. Im just waiting for the next housing market crash, 450 k dollar house's and 100 k dollar new pick up's that won't last 5 years made out of junk by over paid union workers. Smells like 2008 all over again to me.

buying back shares so companies don't pay out near the dividends on open shares and also it raises values so more bonuses etc. to the higher ups, so I guess to them it is not a fairy world, it is a way to make money for them and it also helps their balance sheet for loans, interest rates etc.

Bryce

You know what Trump has over buffet? Trump calls the shots. I bet Trump and family bought today…he knows how to play the game.

China plans to withhold rare earth minerals from the US so shots fired by China first. It’s a shame we put ourselves in a position that we depend on China so much but the politicians sold us out years ago. If we never bought another thing from them ever again I’d like that but that’s not realistic unfortunately.

What goes up , must come down

Close. They no doubt shorted the market yesterday. This whole administration is a scam.

Grains dropped also with tariff talk as well.

Will it last or continue to drop i have no clue. Things have not made since in years.

im hoping it drops some more so I can get better buy points. Marketers have been overvalued for a while and we need a correction.

Probably a good thing long term, we have the minerals, we just need a bit of urgency to get them.

Bad old Martha Stewart !

Can you prove that or just more empty words.

Can you prove that or just more empty words.[/quote]


Can you prove they didn’t or just more back slapping?

Ok, so stock market 47,000

Horrific drop of 800 points.

That is a 1.7% drop.

Now if the stock market was at 8,000 we could talk about how serious that is. But in truth that would only be a 10% drop.

Free fall? Seriously? Anyone who thinks this is a free fall is a sucker to the left media and their drivel.

Good grief!!!

Orange man bad!!!!

Not a scam.

Can you prove they didn’t or just more back slapping?[/quote]

Don't know so I can't say, doesn't stop the deranged on here.

Today was not market-wide buybacks! Had nothing to do with buybacks.
The pain began when China cracked down, (again), on raw earth materials, and (again), bogus pressure on Tech companies.
Trump rightfully retaliated with tariffs. After the markets closed, it got even worse. Monday is not likely to be nice sailing.

I know today's drop was not about buy backs, but by backs are a huge part of keeping the market high and there is money to be made by doing so, especially those who are deep into these firms. There were statements about the market is not a real part of our economy and it sure is for millions of people, but not for everyone.

Bryce

I was packing an elk down a mountain yesterday and missed all the action,,,,

But i am old enough to remember when people were posting Ferris bueller “smoot-hawlley” videos,,,,,and crying

Oh wait,,, that was 6 months ago

How many ATH’s have we seen since then?

LOL, Tman never fails to entertain. On here we have people speculating about the cause of the fall, whether it was a significant enough of a slide to even be considered a fall, whose fault it is, whose fault it isn't, whether its cause for concern, displays of TDS, accusations of TDS, and even accusations of fraud.

What we don't have is even one single person attempting to answer what I asked in the original post, which was whether or not y'all thought this was a short-term reaction to a news headline/social media post OR the start of a longer-term correction.

I dont know. I lean toward short term.

Short term,

It'll start going up again until more tariffs are Imposed then it'll drop again for a short period.

At least that's been the recent history I've observed.

I thought I answered it pretty well,,,

High and to the right,,,,with an increase in money supply,,,,and a decrease in the purchasing power of the dollar

I paid $15 for a Cheeseburger last night at Red Robin. Ill be avoiding that place
Couldve had a porterhouse at home for that.

Its a reaction to social media blabbering liken it to toilet paper shortages cars with no chips shortages vegetable seed shortages seems like every 10 years or so the stock market dumps started happening when employers elimimated pensions and replaced them with 401k's
My 2 cents is stocks were cashed in to invest in the "Gold Rush" putting gold over 4 grand in less than a year with speculation to go even higher Welcome to the New housing market

Not sure how much the shutdown affects the stock market, in commodities there’s reports that are not getting done, if the shutdown isn’t effecting the market then I’d say this is short term, but if not then it may continue downward til the shutdown is ended or a lot of trade deals get done.

Below, the link discusses their thoughts on long versus short term market adjustments or trends

Bryce

https://www.google.com/search?q=in+...FMtkkEM&sourceid=chrome&ie=UTF-8

Thanks guys, the last few posts were interesting. Some of what was posted in them I agree with, some I do not, some I am not sure....

but it's nice to get a real discussion going at any rate!!!

What's your thoughts on it, short term or no?

I don't know Hippie. I guess I don't really feel that the rally is over yet... but at the same time I don't think the market is gonna bounce back this coming week to where it was. So, I guess I'd say I think it'll be relatively short-term, but not short-term enough to help me out, lol.

There's a bit of a perfect storm brewing... the Chinese tariff issue, the government shutdown, the delay or possible cancellation of releases of economic data that the Fed relies on, the nagging question of whether the tariffs will influence Fed rate cut decisions....

I did read somewhere that one of the inflation gauges used by the Fed is still slated to be released before the next FOMC meeting, so that helps. On Tuesday, Fed Chair Powell is set to speak at a convention... if the market likes what he has to say, it could help.

If the tariffs, at 100%, actually DO go into effect on Nov. 1? All bets are off. I don't think most people realize how much that is going to hurt businesses. And consumers. I realize something needed to be done once China issued its threats in regard to rare earth minerals, but the best outcome for us would be if the two countries are able to reach some sort of reasonable trade agreement.

I say we rip the band-aid off and watch China implode.....Sure it will hurt like hades economically, but it's the smart play long term, IMO.

There is nothing the average person in the market can do except watch how it moves up or down, until they have a balance in the market to not have them worry about what it does, I would venture a guess not many in this crowd have that kind of interest in the market. That figure is a very substantial amount in my view !

Asking if it will go further down, sure, will it continue to grow sure, how fast will it do either solely depends on so many factors it usually makes people sick to think about it.

If you are not high enough in the market trading that one worries about up or down in a short term or a long term, you are learning one thing, that patience in the market has a cost, and it's terribly difficult to learn when you have achieved it !

Well, IMO, I wish we were a bit more prepared prior to deciding to do that. China's rare earth minerals are in everything we use. We cannot pick up the slack of the loss of their product in the next 6 months. Maybe in the next 6 years.

If we shut down their ability to sell to us they won’t last that long. Which is a win for all free countries, and also hurts our “friends” selling them ag goods on the side. Win win! We will be alright, just not fat and lazy as we’ve been for far too long…

I hope you're right! Honestly, I expect China to concede and come to terms before Nov 1. But we shall see I guess.

Problem with this thinking is china doesn't give a fat rats arse about who dies in their country from lack of a job, money or food. Every Chinese person is expendable, no matter the age. It is why they are so much better than us on the long game. They will endure suffering in the name of preservation of the Xi dynasty. And xi will be most appreciative, or kill you because you will not "sacrifice".

America does not have the stomach for the long game.

I guess you're referring to the DOW which was actually down 1.8% but let's ignore Nasdaq that was down close to 4% at close and much more after.....

I'm guessing you have little or nothing invested in equities....

And WHERE did I say "orange man bad"????

Anyone who thinks the market is "free falling" (probably not the best term I could have used)..... is not a liberal.... just someone watching their assets melt away over a Tweet.....

Crypto took a big hit yesterday. I don’t understand it so I’m not in it.

It may only be a 2% drop or so but when the market is up to 6700 or so on the S &P 2% may seem small but it is a lot more dollars then when the market was 5,000 30 years ago or so.
Economic fundementals are still good and strong we just have a lot of politics from the government in the market now and it does have a big impact on how the private sector with monies invest or plan for the future.

Bryce

Not worried much about it. My stash is put away in a trust consisting of equities for my grandkids when they turn 35. I, myself will never need it unless I live to be 110.

Iam in the market 100%, I bought established companies probably 70%, 30% div. payers. My two cents we have to stop printing money we don't have, China is not in very good shape, I think they are selling our paper and buying gold!? They are encouraging the "BRICS" to do the same. The Fed. Reserve isn't worth much

I don't know if this is a short term drop or the puke that will come someday!? IF I knew I'd be rich!

What I do know is in two days Im gonna be setting coyote traps!

Its a good time to be a trapper!

It has been interesting year for sure. I have an AA of 80/10/10 Equity/bond/high yielding CD. I looked today I'm up 9.7% YTD so still a very good year despite and sideways market year.

Your post made me look. Ytd still up 22% after the drop. The sky is not falling and I hope it droped a bunch more. Looks like another buying opportunity.

Great!

My is all growth I don't contribute from a W2 or buy anymore. I just ride the waves with my portfolio and never rebalance. I bought and held for 38 years and never have sold one stock to this day. A lot of power in compounding plus time.

sounds like you have a great plan. Im putting in as much as I can teying to make up for lost time. Had some good buys during the dip at the beginning of the year. Got a few looser as well. Had some great suggestions on things to look into and see what i thought from one of out smart members here and done well on those also. Wish I would have bought more. But thats always the case on the winners.

Compounding interest...the 8th wonder of the world. Credit to AE....