World Markets Going Down

[tennesseetiger]

So I've been saying for a while that a crash or correction "however you want to say it" has been on the way...I really thought it would happen after the next election but it looks like the markets couldn't make it that far without the bottom falling out. I've pulled pretty much everything I have had in the markets over the past few months. Got out at an all time high and I'll get back in when it hits rock bottom.

http://money.cnn.com/2015/08/23/investing/world-stock-markets/

[gregintenn]

So I've been saying for a while that a crash or correction "however you want to say it" has been on the way...I really thought it would happen after the next election but it looks like the markets couldn't make it that far without the bottom falling out. I've pulled pretty much everything I have had in the markets over the past few months. Got out at an all time high and I'll get back in when it hits rock bottom.

http://money.cnn.com/2015/08/23/investing/world-stock-markets/

If you are wise enough to know where and when "rock bottom" is, you should become a very wealthy man.

[tennesseetiger]

If you are wise enough to know where and when "rock bottom" is, you should become a very wealthy man.

I'm not predicting a bottom lol but when it gets to a certain point like last time "Ford at $4 a share, Wells Fargo under $30 a share, Bank of America under $8 a share" it's safe to say it's low enough to buy with confidence and wait for the bounce. The last financial disaster is a great benchmark for a bottom imo.

The government already showed their hand when Obama took office and showed who the key players are and who is here to stay.

Anybody buying at an all time high is asking for trouble...and we've been tapping an all time high for a while now. It's a bubble and it's going to burst...just sit back and wait.

Sent from my SM-N910V using Tapatalk Edited August 24, 2015 by tennesseetiger

[enfield]

There's always a 'correction' coming, and there will be one after this one.

[tennesseetiger]

There's always a 'correction' coming, and there will be one after this one.

Correction and crash are different in my eyes and I believe this will not be a correction but an actual drop/crash of some sort kind of like what happened in 2007/2008. Everybody knows we're in a bubble that is being pumped full via quantitative easing and its only a matter of time before it pops. If the market was up and running all on its own I would agree it'll be a correction simply because we're at all time highs and it needs to move down some, but it wont be because the government can't prop it up forever so it'll pop or fall. This is an artificial market at the end of the day...economy is still crap, jobs market is crap, housing is crap, etc etc etc...only difference between now and 2008 is that the government is purposely keeping the market above water by pumping money in to it.

[Sam1]

I got hit pretty hard last week, was able to get it transferred before getting whacked a second time today.

 

one more day of drops and I'm back in. if not, I'll wait until it steadies out for a week.

[NextExit]

Not worried....

http://finance.yahoo.com/news/5-ways-to-stay-calm-as-markets-plunge-145416822.html#

:popcorn:

[vontar]

Can't move to much around 2 fast when it is mostly in 401.  However I checked I haven't been hit much at all, not much over normal ups and downs.

[runco]

I had a business trip yesterday in a car with Satellite radio.  I listened to too much commentary yesterday.  One thing is for sure, 100% of the experts says to be patient.  That got me to thinking, do experts ever say sell, sell, sell.  I don't think so.  They said patience too in 2008 and 2009, and I took over 60% beating on my 401K, now I fully recovered in 2010, but I think these people are no more of expert and those grannys on the nickel slots who just keeping popping nickels in.

[Dolomite_supafly]

They don't scream "sell, sell, sell" because they are in the market as well. If they said that it would probably affect them and their investments. If there is a time to sell they would not announce it until they have sold their own first.

[tennesseetiger]

Not worried....

http://finance.yahoo.com/news/5-ways-to-stay-calm-as-markets-plunge-145416822.html#

:popcorn:

I guess you believe the economy is doing great too  :rofl:

[peejman]

I guess you believe the economy is doing great too  :rofl:

 

 

The economy clearly isn't great.  It's better than it was 5 years ago but not 80% better, which is what the DOW has done.  So if it drops a whopping 30%, its still 50% higher than it was 5 years ago, which is about normal annual growth. 

[Dolomite_supafly]

See that people are fleeing Greece by the thousands and heading into Macedonia? Things are getting really bad all over the world.

[enfield]

I didn't read the story -- are those Greeks or just more north Africans trying to get to England or Sweden?

Edit: BBC says they're partially Syrian, no mention of the non-Syrian contingent. I presume they're transients from Africa - the same ones trying to overrun Italy.

All headed to northern Europe - the "land of the big PX". Edited August 25, 2015 by enfield

[Sam1]

See that people are fleeing Greece by the thousands and heading into Macedonia? Things are getting really bad all over the world.

 

If Macedonia is in the same shape it was when we left in 2001, Greece must be really bad.  People were living in multiple story apartment buildings with the walls blown out with nothing more than a tarp tied on to keep someone from falling down multiple stories.

[K191145]

They don't scream "sell, sell, sell" because they are in the market as well. If they said that it would probably affect them and their investments. If there is a time to sell they would not announce it until they have sold their own first.

 

https://www.youtube.com/watch?v=S8H2FIf1oH4

[vontar]

I had a business trip yesterday in a car with Satellite radio.  I listened to too much commentary yesterday.  One thing is for sure, 100% of the experts says to be patient.  That got me to thinking, do experts ever say sell, sell, sell.  I don't think so.  They said patience too in 2008 and 2009, and I took over 60% beating on my 401K, now I fully recovered in 2010, but I think these people are no more of expert and those grannys on the nickel slots who just keeping popping nickels in.

 

Every expert I talked to recommended against me selling stock and paying off my house.

 

However I sold stock, paid off my house and had a new roof put on. 

 

Not going to lie, this hasn't been a good year for my wife and I, but with out having the house payment helped, we were able to use that money to not get behind on other medical bills.

3 operations in 1 year, we didn't see that coming.

[rmiddle]

I pulled my money out and don't plan to put anything in before next year at the earliest.  There just isn't much change for real growth and a lot of room to lose.  It just isn't worth being in the market right now.

 

Thanks

Robert

[SupaRice]

Read.

 

Pay attention.

 

Profit.

 

http://finance.yahoo.com/q?uhb=uh3_finance_vert&fr=&type=2button&s=uvxy

[Sam1]

Didn't Barclays just come out a few days ago and say we were about to hit a massive downtrend to rival, if not pass the 2008 drop?

 

Not sure I would be buying in right now, but don't take stock advice from me.

[runco]

My 401K is about recovered from the drop from a few weeks ago, just a little more, and I am pulling out until after the election.  I suspect 2016 will be a rough ride in the markets.

[Sam1]

My 401K is about recovered from the drop from a few weeks ago, just a little more, and I am pulling out until after the election.  I suspect 2016 will be a rough ride in the markets.

 

 

The worst thing going right now is the standoff between the fed and wallstreet.  The investors keep jacking stuff around to spook the fed into keeping interest rates low, and the fed keeps waiting for the "perfect time" to raise rates (that will never exist).  The market is somewhat predictable at times, but right now the only time you know if it's going up or down is when the fed threatens to raise interest rates, then says they will wait. 

[Ski]

Read.

 

Pay attention.

 

Profit.

 

http://finance.yahoo.com/q?uhb=uh3_finance_vert&fr=&type=2button&s=uvxy

 

 

The worst thing going right now is the standoff between the fed and wallstreet.  The investors keep jacking stuff around to spook the fed into keeping interest rates low, and the fed keeps waiting for the "perfect time" to raise rates (that will never exist).  The market is somewhat predictable at times, but right now the only time you know if it's going up or down is when the fed threatens to raise interest rates, then says they will wait. 

 

Actually that particular behavior serves to enhance the returns of the fund SupaRice touted.  That fund is designed to go up as the volatility of the market goes up--possible oversimplification warning.  The particularly interesting correlation is that it really jumped up as the volume of trading in itself rose. 

 

Unfortunately I think SupaRice is gloating, and we all know it's not nice to gloat.  ;)

 

It might just be time to own something like that...

[SupaRice]

It goes up when the market goes down, 3x.

Triple leveraged REVERSE volitility index.

It's the "fear, uncertainty and doubt index"

The 1,000 point drop was a great day. It was a 100% margin week.

Be cautious though, it's got teeth. Definitely do your homework on it, and don't hold it for long.

There's a Russian markets version if you've got plenty of spare reading time and want to get really adventurous.

:) Edited September 25, 2015 by SupaRice

[NextExit]

Be cautious though, it's got teeth. Definitely do your homework on it, and don't hold it for long.

Teeth like jaws? :o

 

Performance 1 month -16.36%   3 months +60.49%  1 year -61.30%   3 years -79.80%  Since inception -89.82%

Data through 09/26/2015

 

 

 

If you got out in 3 months then you did great.

But like you said, do your homework: http://www.zacks.com/stock/news/190300/trading-the-vix-what-you-need-to-know

Edited September 26, 2015 by NextExit