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Subject: The Market

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AL CT    Posted 02-06-2018 at 09:04:10 [URL] [DELETE]        [Reply] [No Email]  
  • The Market
  • Yesterday was the adjustment day for the market. Sell offs everywhere, which happens often enough. Mostly due to large share holders taking their profits for whatever reason. I read some comments yesterday from the uneducated, that this was all president Trump's fault. Over the past year the market has grown over 25%, a 3% adjustment is nothing. One comment I read was , "the President made me loss $2000", nothing mentioned about the thousands gained over the previous 12 months.

    I just read a short piece about the German stock market having a bad day. Understandably The NY stock exchange has the sniffles, Europe's stock markets catches a cold.

    Also mentioned was this interesting tidbit. Supposedly Rothschild and Soros sold off billions in stocks yesterday, that's what caused this frenzy.
    Any comments????

    Island Mike    Posted 02-07-2018 at 19:35:39 [URL] [DELETE]        [Reply] [Email]  
  • Re: The Market
  • One thing the news and the panic button types seems to forget, when they get alarmed about a sell off. There has to be a corresponding buy in.
    Also, there is enough cash about to buy the entire market, with some change left over.

    Island Mike

    poderac    Posted 02-07-2018 at 20:26:54 [URL] [DELETE]        [Reply] [No Email]  
  • Re: The Market
  • I did a little selling when a few of my stocks topped their 52 week high. I am now buying a little as some stocks hit near or at their 52 week low. I figure they will return toward the middle shortly. It has worked most times for years.

    Vito    Posted 02-06-2018 at 17:26:25 [URL] [DELETE]        [Reply] [No Email]  
  • Re: The Market
  • Nothing unusual what happened yesterday. My thought is that a lot of these companies are over valued so a small dip is better than a 15- 20% correction and the market stagnates.

    Vito

    Dean    Posted 02-06-2018 at 09:39:52 [URL] [DELETE]        [Reply] [No Email]  
  • Re: The Market
  • Too soon to say if this is merely a (much needed) "correction" or the start of the inevitable next bear market.

    So far, the losses, though large in terms of points, are modest by historical standards.

    FWIW: The equities market is grossly over-priced and is the current bubble. Eventually, all bubbles pop.

    One thing that you can take to the bank: Trump will, of course, be blamed by the so-called "mainstream media" for any losses but will not be credited by the same for any gains.

    Dean

    John in Mich    Posted 02-06-2018 at 11:41:31 [URL] [DELETE]        [Reply] [No Email]  
  • Re: The Market
  • Yup, Obama was the Bull(sh-tter), Trump is the (big bad) Bear . The Dems are the cry babies: boo hoo, I want a memo, too.
    I hope that all of the panic text messages among the conspirators are being retained.

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