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Read the rules in the OP before posting, please.

In order to ensure that this thread continues to meet TL standards and follows the proper guidelines, we will be enforcing the rules in the OP more strictly. Be sure to give them a re-read to refresh your memory! The vast majority of you are contributing in a healthy way, keep it up!

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Plansix
Profile Blog Joined April 2011
United States60190 Posts
February 05 2018 19:41 GMT
#197061
On February 06 2018 03:24 {CC}StealthBlue wrote:

This is a big deal and could help the democrats pick a bunch of seats.
I have the Honor to be your Obedient Servant, P.6
TL+ Member
Adreme
Profile Joined June 2011
United States5574 Posts
February 05 2018 19:45 GMT
#197062
On February 06 2018 04:36 {CC}StealthBlue wrote:
At this point who really cares.



I mean it shows why the DOW and wall street in general is a stupid measure of the economy as a whole. It's going down at it's core because wages are rising, people being better off is bad corporations so the DOW dropped (yes it's slightly more complex but at its core its a fair explanation)
ticklishmusic
Profile Blog Joined August 2011
United States15977 Posts
Last Edited: 2018-02-05 20:09:31
February 05 2018 19:59 GMT
#197063
no, it's mostly because the fed signalled they are going to be more aggressive in raising interest rates.

-1000 now, wew. wonder if they're gonna pause trading.
(╯°□°)╯︵ ┻━┻
Plansix
Profile Blog Joined April 2011
United States60190 Posts
February 05 2018 20:09 GMT
#197064
I have the Honor to be your Obedient Servant, P.6
TL+ Member
xDaunt
Profile Joined March 2010
United States17988 Posts
February 05 2018 20:11 GMT
#197065
On February 06 2018 04:59 ticklishmusic wrote:
no, it's mostly because the fed signalled they are going to be more aggressive in raising interest rates.

-1000 now, wew. wonder if they're gonna pause trading.

Damn, the DOW just went off a cliff. Down 1500 now.
Plansix
Profile Blog Joined April 2011
United States60190 Posts
February 05 2018 20:14 GMT
#197066
What is the cut off to trip the automatic pause in trading?
I have the Honor to be your Obedient Servant, P.6
TL+ Member
ticklishmusic
Profile Blog Joined August 2011
United States15977 Posts
February 05 2018 20:15 GMT
#197067
7% on the S&P500
(╯°□°)╯︵ ┻━┻
IyMoon
Profile Joined April 2016
United States1249 Posts
February 05 2018 21:00 GMT
#197068
I for one and super excited for the drop. I have been sitting on cash waiting for something like this so I could get in
Something witty
ticklishmusic
Profile Blog Joined August 2011
United States15977 Posts
Last Edited: 2018-02-05 21:03:30
February 05 2018 21:03 GMT
#197069
i lost a few thousand on one of my brokerage accounts (includes my retirement) but it really only brings me back to where i was a month ago.

but a thousand down in a day, wowzers. who knows what tomorrow will bring.
(╯°□°)╯︵ ┻━┻
DarkPlasmaBall
Profile Blog Joined March 2010
United States46227 Posts
February 05 2018 21:22 GMT
#197070
The market is overdue for a correction like this; it'll drop more but then we'll see the rise outweigh the drop. Still bull market.
"There is nothing more satisfying than looking at a crowd of people and helping them get what I love." ~Day[9] Daily #100
xDaunt
Profile Joined March 2010
United States17988 Posts
February 05 2018 21:23 GMT
#197071
On February 06 2018 06:03 ticklishmusic wrote:
i lost a few thousand on one of my brokerage accounts (includes my retirement) but it really only brings me back to where i was a month ago.

but a thousand down in a day, wowzers. who knows what tomorrow will bring.

I don't really want to look at my retirement portfolios. But frankly, thanks to the beauty of having a 25+ year retirement horizon, it doesn't really matter.
Adreme
Profile Joined June 2011
United States5574 Posts
February 05 2018 21:30 GMT
#197072
On February 06 2018 04:59 ticklishmusic wrote:
no, it's mostly because the fed signalled they are going to be more aggressive in raising interest rates.

-1000 now, wew. wonder if they're gonna pause trading.


To go into more detail wages went up (finally) which is both bad for corporate profits and forces the fed to get more aggressive on interest rates to prevent inflation. Both of these scare the market and are causing the turmoil though I would actually expect a small rebound tomorrow for the sole reason that every time the market hits a milestone either positive or negative the next day there is generally pullback.
LegalLord
Profile Blog Joined April 2013
United States13779 Posts
Last Edited: 2018-02-05 21:56:47
February 05 2018 21:56 GMT
#197073
A mere 1100 points down by closing. Going to need a lot more than that before we can start getting excited...
History will sooner or later sweep the European Union away without mercy.
Plansix
Profile Blog Joined April 2011
United States60190 Posts
February 05 2018 21:57 GMT
#197074
The S&P 500 dropped around 4%, so it won’t be that much more in one day.
I have the Honor to be your Obedient Servant, P.6
TL+ Member
DarkPlasmaBall
Profile Blog Joined March 2010
United States46227 Posts
February 05 2018 22:00 GMT
#197075
On February 06 2018 06:56 LegalLord wrote:
A mere 1100 points down by closing. Going to need a lot more than that before we can start getting excited...


As someone who owns stocks, excitement isn't the word I'd use
"There is nothing more satisfying than looking at a crowd of people and helping them get what I love." ~Day[9] Daily #100
LegalLord
Profile Blog Joined April 2013
United States13779 Posts
February 05 2018 22:01 GMT
#197076
On the bright side, Bitcoin is genuinely and fairly consistently tanking. Down another 12% today.
History will sooner or later sweep the European Union away without mercy.
Adreme
Profile Joined June 2011
United States5574 Posts
February 05 2018 22:04 GMT
#197077
On February 06 2018 07:00 DarkPlasmaBall wrote:
Show nested quote +
On February 06 2018 06:56 LegalLord wrote:
A mere 1100 points down by closing. Going to need a lot more than that before we can start getting excited...


As someone who owns stocks, excitement isn't the word I'd use


A tanking market has opportunity. I've been living off Amazon's success for a bit but this is a great opportunity.
Plansix
Profile Blog Joined April 2011
United States60190 Posts
February 05 2018 22:04 GMT
#197078
Good. I’ve been trying to buy a passable graphics card for my wife’s PC for months now. This dystopian future is too stupid and it needs to stop.
I have the Honor to be your Obedient Servant, P.6
TL+ Member
ticklishmusic
Profile Blog Joined August 2011
United States15977 Posts
February 05 2018 22:06 GMT
#197079
this isn't even a buying opportunity for me. maybe if we have 2, 3 more days like this then it will be... the market has just gone up so much in the last couple years.
(╯°□°)╯︵ ┻━┻
Mohdoo
Profile Joined August 2007
United States15743 Posts
February 05 2018 22:14 GMT
#197080
Lol god damn it. I have stock I can sell at the end of this month that I had plans for.
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