Investing

[Tiger337]

9 hours ago, gehringer_2 said:

But that's the funny thing SB, everybody hears the DOW number every night on the news and they *do* think it's the economy. Don't ask me why.

Either because they don't know what it is or because they want to use it as a political talking point.  

[Tiger337]

1 hour ago, oblong said:

I’m confused. Is the insinuation that any political angle about what’s happening is inappropriate? Or a “both sides” thing?  Because this hasn’t happened before where trillions are immediately wiped out due to a specific and unprovoked action by a president.  This isn’t a reaction to some long brewing situation that popped. It isn’t a water leak. It was the opening of a fire hose. 

I don't know enough about any of this stuff to have an informed opinion, but I think the insinuation is that it was going to happen anyway because our financial system and economy are so delicate and artificial.  But if the whole thing does collapse because of a trade war, there's really only one person I can blame.  

Edit: If the stock portion my retirement fund blows up, I will blame myself because I came close to pulling out all my money in January and putting it into a high yield savings (still over 4% at the moment).    

Edited Saturday at 01:50 PM by Tiger337

[Screwball]

Futures markets opened at 6. E-mini (S&P futures) down close to a couple of hundred. You can find it if you look, but Jim Cramer said this could be Black Monday version 2.

Gap down open but not doing much after that. If Cramer said that, and I"m not going waste a millisecond on that idiot to find out, the S&P will probably be 1000 points in the green tomorrow.

[Hongbit]

33 minutes ago, Screwball said:

Futures markets opened at 6. E-mini (S&P futures) down close to a couple of hundred. You can find it if you look, but Jim Cramer said this could be Black Monday version 2.

Gap down open but not doing much after that. If Cramer said that, and I"m not going waste a millisecond on that idiot to find out, the S&P will probably be 1000 points in the green tomorrow.

Saw the same thing and felt much better when Cramer started talking 87 Black Monday.   Good chance of a rally tomorrow now.

[Screwball]

The Nikkei didn't open well. Down about 6%. E-mini futures have erased half their overnight loss.

S&P chart going back to the beginning of 24. Watch the $4953.56 level if this keeps going down. The same chart also shows the carnage of the last few trading days - so it's due for a "dead cat bounce."

Edited 9 hours ago by Screwball