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Biggest one day drop in Dow history is coming
#21
(10-10-2018, 12:12 PM)WhiteAngel Wrote: Why is Nasdaq hitting so hard??

Dow 30 26,060.36 -370.21 -1.40%
Nasdaq 7,578.10 -159.91 -2.07%

Check out John Hussman's work, he's been pointing out that stock valuations for Nasdaq have been over elevated for years now.

The reality is that our economy has been on the skids for decades, they cover all that up with credit/debt. They can flood the economy with more debt via continually lowering interest rates from the fed.

During Yellen's tenure they had interest rates the lowest for the longest in history. That has blown the greatest bubbles in history. Bubbles are artificial, they can't keep them suspended in air forever eventually they pop.
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#22
The thing to watch out for is a period of prolonged selling, because that would program all the high frequency trading algos to sell, to avoid losses instead of make gains.

Most trading is now done by HFT's, they hold individuals stocks for less than 12 seconds on average. This works great when everything's going up, but it works in reverse when mass selling begins, as selling begets selling.

There are other problems, for instance they reinforced the buy the dip mentality by the PPT providing the invisible bid on stocks. That punishes short sellers, then over time the short sellers just disappear and they actually help prevent catastrophic market drops by providing bids when no one else will.

The other thing that has distorted markets is so many people bought into the ETF funds for the indexes, they figured heck I'll just buy the DOW or the S&P, and very few traders actually look for value in individual stocks any longer.

The markets are all broken, we had the chance to clean them up in 2008 but we decided to keep kicking the can and living in disney land, that's going to end up like zombie land.
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#23
The markets are all broken, we had the chance to clean them up in 2008 but we decided to keep kicking the can and living in disney land, that's going to end up like zombie land.

Message^^^^^^^^^
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#24
-426

Big dump

Computers selling off as posted above
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#25
-500
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#26
I have no doubt a market drop is coming, and it will likely be severe.

But, as was mentioned before, the DOW now has some circuit breakers, and is severely rigged.

Remember, the concept of the DJIA, is based upon owning a single share of stock of each of the component companies from it's inception/IPO day.

Many of the current components are not subject to volatile market shifts.

Visa for example collects money on every transaction as processing fees.
Verizon holds a virtual telecommunication monopoly.
Exxon and Chevron make profits even when there is an oil supply crisis.
Merck, Pfizer, and Johnson&Johnson make drugs for a society addicted to pills
Apple, Cisco, IBM, Intel and Microsoft are subject to market fluctuations, but are virtually untouchable from competition
CocaCola and McDonald's, poor people have to eat cheap

Nike, Disney, and Home Depot may be a risk, but they are established in their industry
wing-ed  likes this!
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#27
Dow Jones Industrial Average (^DJI)
DJI - DJI Real Time Price. Currency in USD
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Quote Lookup

25,898.54-532.03 (-2.01%)
As of 3:00PM EDT. Market open. What these guys didn't listen to Trumps Speech ?
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#28
You got another option !!Live Silver Price
Oct 10, 2018 15:03 NY Time
US Dollar

14.28Bid
14.38Ask
High: 14.50
Low: 14.18
-0.08
-0.56%
Gold NewsVideo NewsGold FuturesInteractive ChartMarket Alerts
Live 24 hours silver chart [Kitco Inc.]
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#29
-600
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#30
(10-10-2018, 02:00 PM)Guest Wrote: The markets are all broken, we had the chance to clean them up in 2008 but we decided to keep kicking the can and living in disney land, that's going to end up like zombie land.

Message^^^^^^^^^

"we decided"?

Who got a say in it exactly?

I guess silence is consent
Frigg  likes this!
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