Author Topic: What the "Dow" is happening?  (Read 37854 times)

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Online morekaos

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Re: What the "Dow" is happening?
« Reply #270 on: December 06, 2018, 10:14:14 AM »
Another day in paradise!  700 point loss with dismal numbers...those 4th quarter GDP numbers are going to look interesting.

Hmm...wonder why no tweets from Trump about the stock market these days?

and of course the arrest of Huawei's CFO for violating the Iran sanction imposed by Trump may make his head explode.

Was 17,888 on this wonderful day...now 24,533...a gain of 37%...short term, who cares..we will be just fine.

Trump dump: Wall Street slides for 9th day in a row

http://www.cbsnews.com/news/wall-street-slides-for-ninth-straight-day/


It's not too late to change your 401k allocation. If Trump wins, expect the worse.

Update: It looks like Wall St. wants Clinton to win. The Dow ends the day up 376 points. FBI Director Comey announces it wont charge Clinton.

http://www.politico.com/story/2016/11/wall-street-rallies-clinton-230886

Reminds me of something...

http://www.cbsnews.com/news/stocks-rise-with-1-day-to-go-before-brexit-vote/

Stocks rise with 1 day to go before Brexit vote
Britain's FTSE 100 was up 0.5 percent to 6,259 and Germany's DAX was 0.7 percent higher at 10,082. France's CAC 40 rose 0.5 percent to 4,388.

U.S. futures indicated small gains on Wall Street, with S&P 500 and Dow futures each up 0.1 percent.

Campaigners on both sides of Thursday's crucial vote on whether Britain should remain in the EU began the final frantic day of campaigning. Polls indicate it will be a tight race but bookies are giving the "remain" camp a higher probability of winning. Many voters remain undecided and bookies and investors appear to be betting that they will settle for the status quo. International experts, including Yellen, have said that a British exit would cause a lot of volatility in global markets and uncertainty for the world economy.


Offline fortune11

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Re: What the "Dow" is happening?
« Reply #271 on: December 06, 2018, 11:37:23 AM »
I have said before several times here and it has been playing out exactly like that —

2600/2650 is your floor 

2800/2850 is your ceiling

Lot of beneath the surface rotation and violence within different sub sectors .

The only force that can change this range now is the FED

Range holding as expected ... don’t chase it here beyond 2800 though

all the carnage in credit , fixed income and closed end funds better opportunities may lie there instead

Range will still hold for now .. but this Huawei CFO arrest is a game changer .  Will lead to further escalation in trade war and could cause a breakage in the range.  Don’t recommend chasing it yet .... FED mtg next week becomes KEY now as to what language they use etc .

Offline Irvinecommuter

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Re: What the "Dow" is happening?
« Reply #272 on: December 07, 2018, 09:27:10 AM »
DEAD CAT BOUNCE from yesterday...down another 400 today.

Employment numbers are not good in a month that should see good hiring due to the holiday season.

OPEC cutting production is going to make Trump mad and push OPEC closer with Russia.  But hey...let's make the country more dependent on fossil fuels!

Weird that all these "small government anti-tax" GOPers have no problems with Trump pushing up the deficit and imposing a 10% tax on all Americans through tariffs...25% to come!

Offline Cares

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Re: What the "Dow" is happening?
« Reply #273 on: December 07, 2018, 09:59:04 AM »
It's the financial adviser/stock broker spin.

"I've always said dips are healthy for the economy"

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Offline Irvinecommuter

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Re: What the "Dow" is happening?
« Reply #274 on: December 07, 2018, 10:06:32 AM »
It's the financial adviser/stock broker spin.

"I've always said dips are healthy for the economy"

This is why I stopped watch CNBC. 

Online morekaos

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Re: What the "Dow" is happening?
« Reply #275 on: December 07, 2018, 10:21:23 AM »
The S&P is down 6/10ths of one percent year to date.  The Dow even less!!! Cry me a river!  Apple, for all the rending of garments and wailing, is UP 3 1/4% and almost 5% with dividend.  The last thing you want is a market that only goes up every day, that is a recipe for disaster..ala 2000-2001.  This is a big boy game. If you pee in your pants at every jiggle than you need to be in diapers instead.

Offline Irvinecommuter

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Re: What the "Dow" is happening?
« Reply #276 on: December 07, 2018, 10:25:52 AM »
The S&P is down 6/10ths of one percent year to date.  The Dow even less!!! Cry me a river!  Apple, for all the rending of garments and wailing, is UP 3 1/4% and almost 5% with dividend.  The last thing you want is a market that only goes up every day, that is a recipe for disaster..ala 2000-2001.  This is a big boy game. If you pee in your pants at every jiggle than you need to be in diapers instead.

No one cares about this drop...people care about what is coming up.  Stock market is supposed to be a leading indicator of the economy. 

Offline Cares

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Re: What the "Dow" is happening?
« Reply #277 on: December 07, 2018, 10:26:00 AM »
The S&P is down 6/10ths of one percent year to date.  The Dow even less!!! Cry me a river!  Apple, for all the rending of garments and wailing, is UP 3 1/4% and almost 5% with dividend.  The last thing you want is a market that only goes up every day, that is a recipe for disaster..ala 2000-2001.  This is a big boy game. If you pee in your pants at every jiggle than you need to be in diapers instead.

I want to hear you tell your clients the opposite then. Tell them every gain is a bad thing and that we need more declines.

Online morekaos

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Re: What the "Dow" is happening?
« Reply #278 on: December 07, 2018, 10:46:24 AM »
I tell them nothing different from what I tell them every time the "world is ending".  Like 1987 (stock market collapse) Dow 1900, 1990 (collapse of the Savings and loan industry) Dow 2700, 1994 (last upward rate cycle) Dow 3800, 1997 (Long Term Capital collapse along with ALL the worlds currencies) Dow 6700,  2001 (Collapse of the .com and WTC attacks) Dow 10100,  2008 (collapse of the real estate market and banking system) Dow 13000, 2016 (election of Trump) Dow 17888....We will be fine.

Offline fortune11

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Re: What the "Dow" is happening?
« Reply #279 on: December 07, 2018, 11:02:02 AM »
The S&P is down 6/10ths of one percent year to date.  The Dow even less!!! Cry me a river!  Apple, for all the rending of garments and wailing, is UP 3 1/4% and almost 5% with dividend.  The last thing you want is a market that only goes up every day, that is a recipe for disaster..ala 2000-2001.  This is a big boy game. If you pee in your pants at every jiggle than you need to be in diapers instead.

I want to hear you tell your clients the opposite then. Tell them every gain is a bad thing and that we need more declines.

Touché  :)

Offline fortune11

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Re: What the "Dow" is happening?
« Reply #280 on: December 07, 2018, 11:04:55 AM »
This is a classic example of why this whole business’s of financial advisory is the biggest scam yet

Market up - I told you so , didn’t I

Market down — opportunity !  When is it an opportunity ? Down 2% down 5% down 10 % ?  They never tell you do they . “

Then you Hear Mumbo jumbo about “dollar cost averaging”

They can never lose , can they :)

reposting from back in October

Online morekaos

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Re: What the "Dow" is happening?
« Reply #281 on: December 07, 2018, 11:08:04 AM »
This is a classic example of why this whole business’s of financial advisory is the biggest scam yet

Market up - I told you so , didn’t I

Market down — opportunity !  When is it an opportunity ? Down 2% down 5% down 10 % ?  They never tell you do they . “

Then you Hear Mumbo jumbo about “dollar cost averaging”

They can never lose , can they :)

reposting from back in October

And on that date the Dow was pretty much right where it is now...so?

Offline Irvinecommuter

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Re: What the "Dow" is happening?
« Reply #282 on: December 07, 2018, 11:10:07 AM »
This is a classic example of why this whole business’s of financial advisory is the biggest scam yet

Market up - I told you so , didn’t I

Market down — opportunity !  When is it an opportunity ? Down 2% down 5% down 10 % ?  They never tell you do they . “

Then you Hear Mumbo jumbo about “dollar cost averaging”

They can never lose , can they :)

reposting from back in October

And on that date the Dow was pretty much right where it is now...so?

Why do we need a financial adviser to tell me anything?

Offline fortune11

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Re: What the "Dow" is happening?
« Reply #283 on: December 07, 2018, 11:15:22 AM »
This is a classic example of why this whole business’s of financial advisory is the biggest scam yet

Market up - I told you so , didn’t I

Market down — opportunity !  When is it an opportunity ? Down 2% down 5% down 10 % ?  They never tell you do they . “

Then you Hear Mumbo jumbo about “dollar cost averaging”

They can never lose , can they :)

reposting from back in October

And on that date the Dow was pretty much right where it is now...so?

Point is simple - what is the ACTUAL content of the financial advisor “advice”  - there is no SPECIFITY — just an attempt to explain what happened (-after reading media) and / or handholding when clients are depressed (therapist) .

The burden of proof is on your profession . This is not directed at just you in particular

Online morekaos

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Re: What the "Dow" is happening?
« Reply #284 on: December 07, 2018, 11:20:30 AM »
This is a classic example of why this whole business’s of financial advisory is the biggest scam yet

Market up - I told you so , didn’t I

Market down — opportunity !  When is it an opportunity ? Down 2% down 5% down 10 % ?  They never tell you do they . “

Then you Hear Mumbo jumbo about “dollar cost averaging”

They can never lose , can they :)

reposting from back in October

And on that date the Dow was pretty much right where it is now...so?

Why do we need a financial adviser to tell me anything?

Because in numerous instances stopping clients from committing financial suicide is the job.  Left to their own devices people act emotionally and in herds.  I know, you are smarter than that but I can tell you from experience that stopping clients from selling into pain or buying into euphoria (Bitcoin) can be a 24/7 job.  Also, making people do what they do not emotionally want to do (buy at lows) is Herculean.  Saying buy low and sell high sounds obvious and easy, in practice, it is not.  Buying cheap means everyone hates the asset and is trying to get out of it, selling expensive means everyone is fighting to buy it (houses in 2005). Paying for competent advice is a circuit breaker that keeps people from doing the wrong thing at the wrong time...when properly utilized it is worth every penny.

 

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