Yes
Old
  (#1366)
franko
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Thumbs up Yes - 11-20-2018, 06:28 PM

Quote:
Originally Posted by Sofla View Post
It's a perennial.

It plunges on a semi-regular basis. And now that it got so high up there, that (formerly) fairly frequent 1% or 2% drop is just a lot more points than it used to be.

For some perspective, the DJIA was in the 23,000 range late last October. And 24,200 in June, just a few months back. So at least the DJIA drop just gave back GAINS in the couple of intervening months since June. About the same thing with the NASDAQ and the S&P 500.

This is not particularly serious unless it continues like this. But it might, of course.
I keep trying to tell people that a 2% loss on 24000 is the same as a 2% loss on 10000. The bigger numbers freak people out.
  
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Old
  (#1367)
Sev
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12-04-2018, 11:36 AM

Let the good times roll.

Dow -790


Keep your head down and admire the shot.


COVFEFE!!



“Nothing in the world is more dangerous than a sincere ignorance and conscientious stupidity.”---Martin Luther King, Jr.

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If our answers scare you, maybe you should stop asking frightening questions.---ChicagoRJ
  
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Old
  (#1368)
Sev
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12-04-2018, 11:38 AM

Looking good.

Dow -803


Keep your head down and admire the shot.


COVFEFE!!



“Nothing in the world is more dangerous than a sincere ignorance and conscientious stupidity.”---Martin Luther King, Jr.

Revelations of truth undermine a foundation of belief built on lies.---Sev

If our answers scare you, maybe you should stop asking frightening questions.---ChicagoRJ
  
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Old
  (#1369)
philly
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12-04-2018, 11:46 AM

Quote:
Originally Posted by franko View Post
I keep trying to tell people that a 2% loss on 24000 is the same as a 2% loss on 10000. The bigger numbers freak people out.
Yup. I like percentages myself rather than points. More meaningful.

2% in a single day is huge regardless of where an index sits pointwise.

Could be a larger sell off towards closing since the markets are closed tomorrow.


Pool may not build character but it certainly will reveal it.

"Non Impediti Ratione Cogitationis" Unencumbered By The Thought Process

How do you feel? Fast and loose, man.
  
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Old
  (#1370)
Kid Dynomite
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12-06-2018, 08:55 AM

Wow!

Glad, I avoided that spanking!

Like grandpa said! "a hard head makes for a soft butt" now somebody get me some more tenderizers since we broke the handle on this one!

Lol

Kd

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Old
  (#1371)
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12-06-2018, 08:57 AM

DOW -604.

The excitement continues.


Keep your head down and admire the shot.


COVFEFE!!



“Nothing in the world is more dangerous than a sincere ignorance and conscientious stupidity.”---Martin Luther King, Jr.

Revelations of truth undermine a foundation of belief built on lies.---Sev

If our answers scare you, maybe you should stop asking frightening questions.---ChicagoRJ
  
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Old
  (#1372)
Sev
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12-06-2018, 09:24 AM

Dow down 767.


Keep your head down and admire the shot.


COVFEFE!!



“Nothing in the world is more dangerous than a sincere ignorance and conscientious stupidity.”---Martin Luther King, Jr.

Revelations of truth undermine a foundation of belief built on lies.---Sev

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Old
  (#1373)
Kid Dynomite
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12-06-2018, 09:27 AM

Roughly 3%

Kd

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Old
  (#1374)
Dan_B
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12-06-2018, 09:51 AM

All that free and worthless FED money that went purposely into the market to prop up
the leftist, Islamic, Marxist Obama years, has been made almost whole at the expense of the fully earn tangible of wages.
What's hard to understand about the biggest money laundering scheme ever, of biblical proportions, that, those that took your money are now taking your money?
  
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Old
  (#1375)
blah blah
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12-06-2018, 12:58 PM

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

Senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the national debt in the not-too-distant future.

In response, Trump noted that the data suggested the debt would reach a critical mass only after his possible second term in office.

“Yeah, but I won’t be here,” the president bluntly said.

Link


"Black is White, 2+2=5, War is Peace, Freedom is Slavery, Ignorance is Strength." -1984 or now?

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Old
  (#1376)
vasilios
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12-06-2018, 02:05 PM

Quote:
Originally Posted by blah blah View Post
Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

Senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the national debt in the not-too-distant future.

In response, Trump noted that the data suggested the debt would reach a critical mass only after his possible second term in office.

“Yeah, but I won’t be here,” the president bluntly said.

Link
Trump knows congress has to be behind any fixes -
He also knows that there will be nothing from congress -
If congress did turn and present, Trump would be all ears -
But it ain't gonna happen !
So don't look to slough it off on Trump -



bill
  
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Old
  (#1377)
LAMas
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12-06-2018, 02:22 PM

Dow Jones Industrial Average finished well off their lows of the day.

DOW JONES AVERAGES
Last 24947.67
Change -79.40
%Chg -0.32%


dumluk
  
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Old
  (#1378)
Sev
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12-06-2018, 04:52 PM

Quote:
Originally Posted by LAMas View Post
Dow Jones Industrial Average finished well off their lows of the day.

DOW JONES AVERAGES
Last 24947.67
Change -79.40
%Chg -0.32%
Whiplash I say.


Keep your head down and admire the shot.


COVFEFE!!



“Nothing in the world is more dangerous than a sincere ignorance and conscientious stupidity.”---Martin Luther King, Jr.

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Old
  (#1379)
Sofla
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12-06-2018, 05:16 PM

Quote:
Originally Posted by Sev View Post
Whiplash I say.
Snidely Whiplash?

'You must save the Dow!!!'

'I can't save the Dow!!!'

'I'LL save the Dow!!!'

(Featuring sweet Nell and Dudley (RCMP))


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-- Isaac Asimov
  
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Old
  (#1380)
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Yesterday, 07:44 AM

“The worst continued to worsen. What looked one day like the end proved on the next day to have been only the beginning. Nothing could have been more ingeniously designed to maximize the suffering, and also to insure that as few people as possible escape the common misfortune. The fortunate speculator who had funds to answer the first margin call presently got another and equally urgent one, and if he met that there would still be another.

In the end all the money he had was extracted from him and lost. The man with the smart money, who was safely out of the market when the first crash came, naturally went back in to pick up bargains. The bargains then suffered a ruinous fall. Even the man who waited for volume of trading to return to normal and saw Wall Street become as placid as a produce market, and who then bought common stocks would see their value drop to a third or a fourth of the purchase price in the next 24 months. The Coolidge bull market was a remarkable phenomenon. The ruthlessness of its liquidation was, in its own way, equally remarkable.”


John Kenneth Galbraith, The Great Crash of 1929
  
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