So today was a bad day on wall street for sure.
Forum rules
Be Civil. Go Hokies.
Be Civil. Go Hokies.
-
- Posts: 1355
- Joined: Thu Jun 18, 2015 4:24 pm
- Alma Mater: Virginia Tech
- Party: Independent
So today was a bad day on wall street for sure.
Let's say the inevitable correction is occuring or occurs in the near future(month, maybe 2). How do you see the mid terms going? How do the mid terms go if status quo is maintained?
- HokieHam
- Posts: 26562
- Joined: Thu Aug 22, 2013 2:50 pm
- Location: Kicking over crayons in a safe space for libruls....
Re: So today was a bad day on wall street for sure.
Today’s drop was due to great economic numbers. Wall Streets worried of rapid interest rate rise. There was one report the 1quarter GDP was plowing along at 4.5%........is that Obama’s new normal?ElbertoHokie wrote:Let's say the inevitable correction is occuring or occurs in the near future(month, maybe 2). How do you see the mid terms going? How do the mid terms go if status quo is maintained?
Payrolls beat expectations and wages grew most in some time.......
"if you want a picture of the future, imagine a boot stamping on a human face-forever."
ip believes you can dial in a 78 year old man who suffers from deminishing mental function
- HokieHam
- Posts: 26562
- Joined: Thu Aug 22, 2013 2:50 pm
- Location: Kicking over crayons in a safe space for libruls....
Re: So today was a bad day on wall street for sure.
As far as mid terms, Nolan’s Best bud Nate Silver says it’s gonna be very hard for Dems to take the Senate.....and their reactions to people getting more back in their paycheck and their despicable behavior at the SOTU was very bad optics. I think they lose seats in Senate, maybe pick up a few in the house........that’s a big maybe.HokieHam wrote:Today’s drop was due to great economic numbers. Wall Streets worried of rapid interest rate rise. There was one report the 1quarter GDP was plowing along at 4.5%........is that Obama’s new normal?ElbertoHokie wrote:Let's say the inevitable correction is occuring or occurs in the near future(month, maybe 2). How do you see the mid terms going? How do the mid terms go if status quo is maintained?
Payrolls beat expectations and wages grew most in some time.......
"if you want a picture of the future, imagine a boot stamping on a human face-forever."
ip believes you can dial in a 78 year old man who suffers from deminishing mental function
- awesome guy
- Posts: 54187
- Joined: Wed Aug 21, 2013 7:10 pm
- Party: After 10
- Location: Plastic Flotilla:Location Classified
Re: So today was a bad day on wall street for sure.
Odd choice of news to key in on.
Unvaccinated,. mask free, and still alive.
Re: So today was a bad day on wall street for sure.
HokieHam wrote:Today’s drop was due to great economic numbers. Wall Streets worried of rapid interest rate rise. There was one report the 1quarter GDP was plowing along at 4.5%........is that Obama’s new normal?ElbertoHokie wrote:Let's say the inevitable correction is occuring or occurs in the near future(month, maybe 2). How do you see the mid terms going? How do the mid terms go if status quo is maintained?
Payrolls beat expectations and wages grew most in some time.......
Yep. Good economic numbers means the fed may raise interest rates.
"I predict future happiness for Americans, if they can prevent the government from wasting the labors of the people under the pretense of taking care of them." - Thomas Jefferson
-
- Posts: 11220
- Joined: Thu Aug 22, 2013 12:29 am
Re: So today was a bad day on wall street for sure.
Interest rates are still rock bottom. Another quarter percent in march is "meh"HokieJoe wrote:HokieHam wrote:Today’s drop was due to great economic numbers. Wall Streets worried of rapid interest rate rise. There was one report the 1quarter GDP was plowing along at 4.5%........is that Obama’s new normal?ElbertoHokie wrote:Let's say the inevitable correction is occuring or occurs in the near future(month, maybe 2). How do you see the mid terms going? How do the mid terms go if status quo is maintained?
Payrolls beat expectations and wages grew most in some time.......
Yep. Good economic numbers means the fed may raise interest rates.
- RiverguyVT
- Posts: 30299
- Joined: Wed Aug 21, 2013 9:30 pm
Re: So today was a bad day on wall street for sure.
The tax cut makes for a very bullish condition. Very
So I put (the dead dog) on her doorstep!
Salute the Marines
Soon we'll have planes that fly 22000 mph
"#PedoPete" = Hunter's name for his dad.
Salute the Marines
Soon we'll have planes that fly 22000 mph
"#PedoPete" = Hunter's name for his dad.
-
- Posts: 11220
- Joined: Thu Aug 22, 2013 12:29 am
Re: So today was a bad day on wall street for sure.
Unemployment remains very low at 4.1%. The economy is growing. Employers need employees and are finding it harder to get them. Salaries/hourly wages are starting to rise to maintain employees. This is fueling thoughts of inflation, this pushing up interest rates, possibly faster than the Fed projections. As a result the market has reacted negatively. It will stabilize and then tick back up because the overall economic indicators are good. This is a robust, growing economy.
- RiverguyVT
- Posts: 30299
- Joined: Wed Aug 21, 2013 9:30 pm
Re: So today was a bad day on wall street for sure.
Yup133743Hokie wrote:Unemployment remains very low at 4.1%. The economy is growing. Employers need employees and are finding it harder to get them. Salaries/hourly wages are starting to rise to maintain employees. This is fueling thoughts of inflation, this pushing up interest rates, possibly faster than the Fed projections. As a result the market has reacted negatively. It will stabilize and then tick back up because the overall economic indicators are good. This is a robust, growing economy.
So I put (the dead dog) on her doorstep!
Salute the Marines
Soon we'll have planes that fly 22000 mph
"#PedoPete" = Hunter's name for his dad.
Salute the Marines
Soon we'll have planes that fly 22000 mph
"#PedoPete" = Hunter's name for his dad.
-
- Posts: 13399
- Joined: Thu Aug 22, 2013 1:25 pm
Re: So today was a bad day on wall street for sure.
my guess is some profit taking, the long term forecasts are all still good and that will show up. No it is not a deep correction occuringElbertoHokie wrote:Let's say the inevitable correction is occuring or occurs in the near future(month, maybe 2). How do you see the mid terms going? How do the mid terms go if status quo is maintained?
-
- Posts: 13399
- Joined: Thu Aug 22, 2013 1:25 pm
Re: So today was a bad day on wall street for sure.
apparantly friday was just a primer for today, whew, what retirement?ElbertoHokie wrote:Let's say the inevitable correction is occuring or occurs in the near future(month, maybe 2). How do you see the mid terms going? How do the mid terms go if status quo is maintained?
- RiverguyVT
- Posts: 30299
- Joined: Wed Aug 21, 2013 9:30 pm
Re: So today was a bad day on wall street for sure.
I may be an old fart... but a 500 pt swing when the mkt is at 25,000 doesn't bother me like a 50 pt swing did when the market was at 500
So I put (the dead dog) on her doorstep!
Salute the Marines
Soon we'll have planes that fly 22000 mph
"#PedoPete" = Hunter's name for his dad.
Salute the Marines
Soon we'll have planes that fly 22000 mph
"#PedoPete" = Hunter's name for his dad.
-
- Posts: 13399
- Joined: Thu Aug 22, 2013 1:25 pm
Re: So today was a bad day on wall street for sure.
how about a 1,000 point dive after 600+ yesterday. I still have over a decade to retirement if I ever get there thoughRiverguyVT wrote:I may be an old fart... but a 500 pt swing when the mkt is at 25,000 doesn't bother me like a 50 pt swing did when the market was at 500
- RiverguyVT
- Posts: 30299
- Joined: Wed Aug 21, 2013 9:30 pm
Re: So today was a bad day on wall street for sure.
I remember when I was in HS... the market took a 12 pt dive, and it was huge news. A bigger deal than 1000 is now.cwtcr hokie wrote:how about a 1,000 point dive after 600+ yesterday. I still have over a decade to retirement if I ever get there thoughRiverguyVT wrote:I may be an old fart... but a 500 pt swing when the mkt is at 25,000 doesn't bother me like a 50 pt swing did when the market was at 500
Future earnings. This tax cut is yuge.
So I put (the dead dog) on her doorstep!
Salute the Marines
Soon we'll have planes that fly 22000 mph
"#PedoPete" = Hunter's name for his dad.
Salute the Marines
Soon we'll have planes that fly 22000 mph
"#PedoPete" = Hunter's name for his dad.
-
- Posts: 13399
- Joined: Thu Aug 22, 2013 1:25 pm
Re: So today was a bad day on wall street for sure.
I know, it was due for a pullback some. I can't retire now even if I wanted to, bills bills bills. Just hard to see those large down days. I got a call into Thunder thighs on cattle future choices, she is going to hook me up!RiverguyVT wrote:I remember when I was in HS... the market took a 12 pt dive, and it was huge news. A bigger deal than 1000 is now.cwtcr hokie wrote:how about a 1,000 point dive after 600+ yesterday. I still have over a decade to retirement if I ever get there thoughRiverguyVT wrote:I may be an old fart... but a 500 pt swing when the mkt is at 25,000 doesn't bother me like a 50 pt swing did when the market was at 500
Future earnings. This tax cut is yuge.
-
- Posts: 11220
- Joined: Thu Aug 22, 2013 12:29 am
Re: So today was a bad day on wall street for sure.
I wouldn't have even looked at my portfolio today if this hadn't been posted here. I sometimes go weeks without looking. Oh well, definitely a b big "Ouch!", but it's all on paper so NBD. I only need part of the dividends anyway.cwtcr hokie wrote:I know, it was due for a pullback some. I can't retire now even if I wanted to, bills bills bills. Just hard to see those large down days. I got a call into Thunder thighs on cattle future choices, she is going to hook me up!RiverguyVT wrote:I remember when I was in HS... the market took a 12 pt dive, and it was huge news. A bigger deal than 1000 is now.cwtcr hokie wrote:how about a 1,000 point dive after 600+ yesterday. I still have over a decade to retirement if I ever get there thoughRiverguyVT wrote:I may be an old fart... but a 500 pt swing when the mkt is at 25,000 doesn't bother me like a 50 pt swing did when the market was at 500
Future earnings. This tax cut is yuge.
-
- Posts: 3074
- Joined: Fri Aug 30, 2013 12:26 pm
Re: So today was a bad day on wall street for sure.
How old are you ?RiverguyVT wrote:I may be an old fart... but a 500 pt swing when the mkt is at 25,000 doesn't bother me like a 50 pt swing did when the market was at 500
-
- Posts: 11220
- Joined: Thu Aug 22, 2013 12:29 am
Re: So today was a bad day on wall street for sure.
AgreeRiverguyVT wrote:I may be an old fart... but a 500 pt swing when the mkt is at 25,000 doesn't bother me like a 50 pt swing did when the market was at 500
-
- Posts: 18547
- Joined: Mon Aug 19, 2013 8:57 pm
Re: So today was a bad day on wall street for sure.
Apparently close to 100 years old!HvilleHokie wrote:How old are you ?RiverguyVT wrote:I may be an old fart... but a 500 pt swing when the mkt is at 25,000 doesn't bother me like a 50 pt swing did when the market was at 500
Re: So today was a bad day on wall street for sure.
They call him Old Man River(guyVT)HokieFanDC wrote:Apparently close to 100 years old!HvilleHokie wrote:How old are you ?RiverguyVT wrote:I may be an old fart... but a 500 pt swing when the mkt is at 25,000 doesn't bother me like a 50 pt swing did when the market was at 500
- ip_law-hokie
- Posts: 19133
- Joined: Wed Aug 21, 2013 9:20 pm
- Alma Mater: Manchester
- Location: New York, NY
Re: So today was a bad day on wall street for sure.
Not really.RiverguyVT wrote:I remember when I was in HS... the market took a 12 pt dive, and it was huge news. A bigger deal than 1000 is now.cwtcr hokie wrote:how about a 1,000 point dive after 600+ yesterday. I still have over a decade to retirement if I ever get there thoughRiverguyVT wrote:I may be an old fart... but a 500 pt swing when the mkt is at 25,000 doesn't bother me like a 50 pt swing did when the market was at 500
Future earnings. This tax cut is yuge.
Sent from my iPhone using Tapatalk
With their Cap’n and Chief Intelligence Officer having deserted them, River, Ham and Joe valiantly continue their whataboutismistic last stand of the DJT apology tour.
- ip_law-hokie
- Posts: 19133
- Joined: Wed Aug 21, 2013 9:20 pm
- Alma Mater: Manchester
- Location: New York, NY
Re: So today was a bad day on wall street for sure.
If you’ve been in the market through the eight years President Barrack Hussein Obama, and Trump’s first year, you shouldn’t be blaming the state of your portfolio on this correction. That’s not logical.cwtcr hokie wrote:apparantly friday was just a primer for today, whew, what retirement?ElbertoHokie wrote:Let's say the inevitable correction is occuring or occurs in the near future(month, maybe 2). How do you see the mid terms going? How do the mid terms go if status quo is maintained?
Not to say that this isn’t a preview for a 50% haircut in 12 months, but for now you are exaggerating.
Sent from my iPhone using Tapatalk
With their Cap’n and Chief Intelligence Officer having deserted them, River, Ham and Joe valiantly continue their whataboutismistic last stand of the DJT apology tour.
-
- Posts: 11220
- Joined: Thu Aug 22, 2013 12:29 am
Re: So today was a bad day on wall street for sure.
The market is still up 19% over the past 12 months. Nothing to sneeze at.ip_law-hokie wrote:If you’ve been in the market through the eight years President Barrack Hussein Obama, and Trump’s first year, you shouldn’t be blaming the state of your portfolio on this correction. That’s not logical.cwtcr hokie wrote:apparantly friday was just a primer for today, whew, what retirement?ElbertoHokie wrote:Let's say the inevitable correction is occuring or occurs in the near future(month, maybe 2). How do you see the mid terms going? How do the mid terms go if status quo is maintained?
Not to say that this isn’t a preview for a 50% haircut in 12 months, but for now you are exaggerating.
Sent from my iPhone using Tapatalk
Re: So today was a bad day on wall street for sure.
Agree. We are 7 years into a massive bull run with amazing gains. No one should be surprised if we see a correction in the near future. The rapid defecit increases in US defecits are a concern. Furthermore, fed rates have been at historic lows for an awfully long time. I think we should return those to "normalized" levels.133743Hokie wrote:The market is still up 19% over the past 12 months. Nothing to sneeze at.ip_law-hokie wrote:If you’ve been in the market through the eight years President Barrack Hussein Obama, and Trump’s first year, you shouldn’t be blaming the state of your portfolio on this correction. That’s not logical.cwtcr hokie wrote:apparantly friday was just a primer for today, whew, what retirement?ElbertoHokie wrote:Let's say the inevitable correction is occuring or occurs in the near future(month, maybe 2). How do you see the mid terms going? How do the mid terms go if status quo is maintained?
Not to say that this isn’t a preview for a 50% haircut in 12 months, but for now you are exaggerating.
Sent from my iPhone using Tapatalk
-
- Posts: 1355
- Joined: Thu Jun 18, 2015 4:24 pm
- Alma Mater: Virginia Tech
- Party: Independent
Re: So today was a bad day on wall street for sure.
Looks like we're going to take it on the chin again today. Hopefully this will be the nervous nelly's exiting the market and it can show some positive momentum the rest of the week.