patrick.net

Satoshi_Nakamoto says

All of this was in place 2 month ago. This doesn't explain the sudden panic.

I see your point. I try to avoid looking too closely for logic and reason in an economy run like this. Do you really need to jump down the rabbit hole if you know what's at the bottom?

Sniper says

Do the homeless in S.D. have much money invested in the market?

I'm a believer in the Austrian viewpoint that we over-compartmentalized economics(actually most education), and lost a lot of understanding of root cause as a result. my comment was to the health of the economy overall.

Hutch says

Sniper says

That's years 7 and 8 of Obama's term

All I know is that while Obama was president the dow never fell 3000 point.

It didn't rise 3000 points in one year either.

Look for a big rally on Tuesday. Traders, optimistic with the budget deal behind congress for two years, will also be pent up with anticipation of trading after the three day weekend. Also everyone who got out of the market will want back in.
Big Tuesday!

Intreresting observations in this WSJ article: https://www.wsj.com/articles/understanding-this-markets-rout-1518200572

UPD. Fuck, it was free from the phone "news" app but requires subscription when accessed from a browser.

anonymous says

He took credit for it on the way up - he owns it on the way down.

Absolutely, what's not to like on this chart? That's some YYUUGGGEEE money being made!!

anonymous says

Perhaps time to revisit the RV purchases and buy something more realistic and akin to what Trump's stock market it doing.

Sure, that 20% rise over the last year has been wonderful!!! It will buy a lot!

Sniper says

Absolutely, what's not to like on this chart? That's some YYUUGGGEEE money being made!!

I'm slightly bummed that my massive gains are reduced back to the level they were in November, but hey, it's still a huge win.

Patrick says

Sniper says

Absolutely, what's not to like on this chart? That's some YYUUGGGEEE money being made!!

I'm slightly bummed that my massive gains are reduced back to the level they were in November, but hey, it's still a huge win.

Would you like to swap those gains with the ones you received during 2015 and 2016?

We got too comfortable watching new records day after day. After an approx 35% upside in a little over a year, there had to be a correction, it was way overdue.

Let's hope it's done and we can continue back up.