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Re: The Ongoing New Financial Era Thread

Posted: Thu Dec 06, 2018 10:15 am
by psu_dad
I've seen several articles claiming that this was because a Chinese executive was arrested. Am I to believe that our economy is so fragile that if some executive gets arrested, everything goes into the toilet?

If that's true, then it's the sort of nonsense that has me believing that those who claim the massive growth in the DJIA the previous two years was largely about the demand for stocks rather than about corporate "fundamentals" and the strength of the economy. Stock price growth based on actual performance and rising corporate profits is reliable. You can hang your hat on that, But stock price growth based mostly on a demand for some place to invest is fickle and fleeting. People will run for the hills at any sign of trouble.

Re: The Ongoing New Financial Era Thread

Posted: Thu Dec 06, 2018 10:48 am
by Blue&White
I saw that story, too. Who knows what's really going on.

Re: The Ongoing New Financial Era Thread

Posted: Thu Dec 06, 2018 10:51 am
by Blue&White
Looking at the news wire, the suggestion is that it's the uncertainty on trade that is driving this and not the arrest of a single individual.

Seems reasonable but who knows.

Re: The Ongoing New Financial Era Thread

Posted: Thu Dec 06, 2018 11:15 am
by psu_dad
Jeezus. What a beat-down. We could be below 24000 if this doesn't let up soon.

Re: The Ongoing New Financial Era Thread

Posted: Thu Dec 06, 2018 4:05 pm
by psu_dad
"Look at a plot of the DJIA for this year. The same patterns repeat themselves over and over and over. A drop below 25000 in the DJIA produces an upswing in buying ..." -- Wile E. Coyote, Super Genius

Re: The Ongoing New Financial Era Thread

Posted: Fri Dec 07, 2018 1:43 pm
by PSUgrower
An old student reached out to me to have some coffee a few weeks ago. He just graduated and was in the area. It was great to see him. Anyway, he informed me that he would need to start repaying his students debt in a few months and that it would be 700 per month. I informed him that I would buy the coffee and anything else he wanted to stash in his pockets :D That is an insane amount of money to owe coming out of college. I am not sure how I would have paid that off if I owed that much!

Re: The Ongoing New Financial Era Thread

Posted: Fri Dec 07, 2018 8:23 pm
by Crowbar
Hence why Millenials can't get ahead.

Re: The Ongoing New Financial Era Thread

Posted: Sun Dec 09, 2018 8:52 pm
by Blue&White
So, Dow futures are already tanking. Tomorrow morning is poised to be another blood bath. Hopefully it turns around after the initial collapse.

Re: The Ongoing New Financial Era Thread

Posted: Mon Dec 10, 2018 9:04 am
by Blue&White
Futures have turned positive this morning so maybe today won't be bad. Maybe.

Man, I need to find a new hobby because this one is killing me.

Re: The Ongoing New Financial Era Thread

Posted: Mon Dec 10, 2018 10:13 am
by Blue&White
Futures have turned positive this morning so maybe today won't be bad. Maybe

Nope, it's bad. Down around 175 as of me posting this.