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Dow posts Record daily losses.


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2018 Feb 5, 1:08pm   21,605 views  154 comments

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https://www.marketwatch.com/story/dow-suffers-1500-point-collapse-as-computer-driven-selling-amplifies-rout-2018-02-05

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1   lostand confused   2018 Feb 5, 1:09pm  

Interesting. I was thinking it might settle at 22,000 or 23,000 but over a few months. In two days it shaved off 1.600+ points. Interesting.
2   anonymous   2018 Feb 5, 1:30pm  

has Trump blamed anyone yet for the falling stock market?
3   anonymous   2018 Feb 5, 1:52pm  

anon_db1f9 says
has Trump blamed anyone yet for the falling stock market?


anonymous says
It's Obama's fault
4   lostand confused   2018 Feb 5, 1:53pm  

Lets see what happens tomorrow-I wonder how many are getting slaughtered with margin calls-after the 2000 crash, I swore never to use margin and be very risky. I have limped along when compared to the current market as I am mostly out, but lets see. Bond funds are going down too-so am out of that too!

If a lot of margin calls-we may have a long way down-it works both way.
5   fdhfoiehfeoi   2018 Feb 5, 2:23pm  

...But job growth, business coming back to America, the Wall, THE WALL!!
6   FortWayne   2018 Feb 5, 2:39pm  

healthcare stocks down. when amazon says they are going into the market, everyone else feels the pain before it happens. that should account for significant portion of the market drop.
7   mell   2018 Feb 5, 2:42pm  

Crypto losses are mounting, large bubble here. Cannabis stocks have not been doing great lately either. Too many bubbles. Margin calls etc. Earnings/economy still solid though so I expect a rebound this week.
8   fdhfoiehfeoi   2018 Feb 5, 3:03pm  

mell says
large bubble here

mell says
Too many bubbles. Margin calls etc.

mell says
Earnings/economy still solid though so I expect a rebound this week.


Can you reconcile those statements? Sounds like the stretching of someone deeply vested trying to stay positive.
9   anonymous   2018 Feb 5, 3:03pm  

The biggest turmoil today was in the VIX space. The Feb and March VX futures shot up after hours and short volatility ETPs (XIV, SVXY) lost more than 90%. They may be liquidated now. A lot of folks thinking shorting volatility is free money will lose their shirt.

Also many people who are selling naked calls on VXX and UVXY (like the Target manager turned hedge fund manager) will get a lesson for their smug sttpidity.

FP
10   Ceffer   2018 Feb 5, 3:58pm  

Liquidate now and put it into Bitcoin!
11   dublin hillz   2018 Feb 5, 4:17pm  

It just shows you that whatever takes a few months to build up in the market can easily be burned down in a matter of days. But if you are in the 401K and have many more years to work, I wouldn't worry - it just means that you will get good deal on the upcoming contribution batches.
12   Goran_K   2018 Feb 5, 4:19pm  

Thanks Obama!
13   justme   2018 Feb 5, 4:32pm  

The Trump Pump turned into the Trump Dump.
14   Ceffer   2018 Feb 5, 4:37pm  

There goes my new Bentley!
15   anonymous   2018 Feb 5, 4:41pm  

Retarded Trump took credit now he automatically gets the blame.
16   anonymous   2018 Feb 5, 4:41pm  

The stock market's a fraud, and so is the economy and financial system. I can't believe it's gone on as long as it has.
17   RWSGFY   2018 Feb 5, 4:55pm  

Ceffer says
Liquidate now and put it into Bitcoin!


Now we're talking!
18   mell   2018 Feb 5, 5:12pm  

NuttBoxer says
mell says
large bubble here

mell says
Too many bubbles. Margin calls etc.

mell says
Earnings/economy still solid though so I expect a rebound this week.


Can you reconcile those statements? Sounds like the stretching of someone deeply vested trying to stay positive.


There are select bubbles, bitcoin, many MJ stocks and so on. Earnings are solid so I don't see a crash coming. The market needs to correct it can't go up forever, but I see DOW going to 30K before below 20K, esp. if inflation is now also kicking in in commodities. We shall see.
19   justme   2018 Feb 5, 5:33pm  

The usual financial adviser suspects are being trotted out on all the evening news programs to tell the sheeple not to sell -- it's like 2008 all over again.

Would be fun is someone made a montage of old video clips (the ones telliing people not to sell) from 2007-2009 and marked them off on a timeline of DJIA dropping from 14198 to 6470. Has anyone seen that?
20   mell   2018 Feb 5, 5:35pm  

justme says
The usual financial adviser suspects are being trotted out on all the evening news programs to tell the sheeple not to sell -- it's like 2008 all over again.

Would be fun is someone made a montage of old video clips from 2007-2009 and marked them off on a timeline of DJIA dropping from 14198 to 6470. Has anyone seen that?


Probably a bit different this time since DT is hated by the media. I can see more analysts making bearish statements and then have the media pin it on Trump. He owned rise of course he has to own the correction as well. But this is not 2008. The economy is during pretty well (still).
21   RWSGFY   2018 Feb 5, 5:43pm  

justme says
The usual financial adviser suspects are being trotted out on all the evening news programs to tell the sheeple not to sell -- it's like 2008 all over again.


And? The one who didn't sell got whetever they "lost" back and then some. The one who sold and stayed on sidelines missed the rebound and ended up worse off.
22   justme   2018 Feb 5, 5:49pm  

Satoshi_Nakamoto says
And? The one who didn't sell got whetever they "lost" back and then some. The one who sold and stayed on sidelines missed the rebound and ended up worse off.


You seem to have forgotten that there is a 3d option. Sell now and then buy back in after the market drops 50-60%. The market may or may not recover, but at least you didn't lose 50% of your investment.
23   justme   2018 Feb 5, 5:52pm  

mell says
But this is not 2008. The economy is during pretty well (still).


LOL. The economy is not doing well. The only thing that WAS "doing well" for stock prices was 4.3T (that is T as in TRILLION dollars) of Quantitative Easing.
24   Shaman   2018 Feb 5, 5:54pm  

This is a gimmick perpetrated by traders who want a nice drop and a chance to buy stocks cheaply so they can make a mint on the rebound when people settle down and buy again. Betting a lot of traders will be buying tomorrow or the next day, hoping to reap a windfall on the market bobble.
Looks like a good time to take the safety money out of bonds and toss it into blue chips.
25   RWSGFY   2018 Feb 5, 5:56pm  

justme says
Satoshi_Nakamoto says
And? The one who didn't sell got whetever they "lost" back and then some. The one who sold and stayed on sidelines missed the rebound and ended up worse off.


You seem to have forgotten that there is a 3d option. Sell now and then buy back in after the market drops 60%.


Except neither you nor I know when and whether it will drop and what %%. This is exactly the kind of reasoning that got the folks to sit on the sidelines, miss the rebound and not add any new money to the market on the way up. Heck, some are still sitting on the cash patting themselves on the back for not "losing" anything in today's "horrible crash".
26   lostand confused   2018 Feb 5, 6:01pm  

It has been a spectacular correction. i think it has a good chance of rebounding. There is simply too much momentum. But having said that this has come from a low of 6,000 I think? So who knows-if I knew I would be a billionaire!!!
27   justme   2018 Feb 5, 6:07pm  

I have not found yet a video that does market index values side-by-side with Wall St "hold-long-term" investment advice, but here is a collection of news video clips from Dec 2008.


www.youtube.com/embed/QljG9g3pZ4A
29   Booger   2018 Feb 5, 6:17pm  

justme says
You seem to have forgotten that there is a 3d option. Sell now and then buy back in after the market drops 50-60%. The market may or may not recover, but at least you didn't lose 50% of your investment.


If I could time the market, I would be retired and living in Caligulan splendor years ago.
30   HowdyThere   2018 Feb 5, 6:38pm  

Sold my WFC, CHK and AMD 3 days ago. Loaded up on frozen concentrated orange juice futures, 5.56 ammo and canned goods. Riding out this storm like a champ.
31   Goran_K   2018 Feb 5, 7:49pm  

HowdyThere says
5.56 ammo


Funny I just bought a 5,000 case of M855.
32   CBOEtrader   2018 Feb 5, 8:13pm  

anon_32e86 says
. A lot of folks thinking shorting volatility is free money will lose their shirt


Short it at 28, trust me
33   Strategist   2018 Feb 5, 8:28pm  

We all knew there would be a pullback, but no one knew exactly when. What amazes me the most are all those experts who come on CNBC telling us exactly why the crash happened, but not one of them knew exactly when the pullback would happen either. In other words, they only knew what everyone else knew. Yet they get the big bucks?
LOL. What good are these experts?
34   anonymous   2018 Feb 5, 8:38pm  

Is this because of the hit the American brand is taking globally ?

Let's see.

Tax policy that might cause a deficit of over a trillion during a supposedly strong economy, the kind we should be using to run surpluses, like Jerry Brown is in California (or maybe was)

Tarrifs on solar panels and other items that will do nothing to create American jobs.

Unprecedented international embarrassment on a daily basis from the Dotard in Chief.

Don't worry, be happy. These things are always buying opportunities.
35   CBOEtrader   2018 Feb 5, 8:51pm  

I wouldn't buy the vix here but buying a straddle could work. I'll post some vix research when I have some time
36   anonymous   2018 Feb 5, 9:01pm  

Maybe Alexa, Cortana or Siri can tell me whether I should buy or sell.
37   MAGA   2018 Feb 5, 9:27pm  

Maybe I'm just lucky, but I sold my last investments just a few days before the market started its correction (?). I'm 100% in cash. I have 80% of my Estate going to charity. No Real Estate to deal with, thank God.
38   Strategist   2018 Feb 5, 9:34pm  

jvolstad says
I have 80% of my Estate going to charity. No Real Estate to deal with, thank God.


Where is the other 20% going?
39   MAGA   2018 Feb 5, 9:37pm  

Strategist says
Where is the other 20% going?


My siblings.
40   Strategist   2018 Feb 5, 9:52pm  

jvolstad says
Strategist says
Where is the other 20% going?


My siblings.


I wonder what would happen if you put an ad in the paper that said..."Need the right person who would like to inherit my wealth"

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