The Dow is down AKA Stock Market Watch 2020. Update: Pump before the dump.

Mr.Awesome

Banned
Nov 4, 2017
2,295
Might be a historically bad day point wise, depending on where the market finishes. Not too much of a blip percentage wise though as markets arent too far off alltime highs. There was a decent sell-off late last week so we shall see if we run into a similar situation (which looked very scary at the time) to last December and May 2018 as well. This is mostly on China trade news.
 

Relix

Member
Oct 25, 2017
2,725
In before someone with no idea says capitalism is ending in the next few weeks.
 

reKon

Member
Oct 25, 2017
5,367
Following crypto really desensitizes you to this type of movement in the stock market.
 

MonoStable

Member
Oct 27, 2017
861
We'll see how it shakes out but I wouldn't be surprised if it regains some of that before the week is over. Maybe itll be different this time but who knows.
 

gcubed

Member
Oct 25, 2017
1,483
We'll see how it shakes out but I wouldn't be surprised if it regains some of that before the week is over. Maybe itll be different this time but who knows.
Not sure if it will be different... yet, but we are clearly heading towards an end of this run. Between China, Europe and Brexit, combined with slowing growth from earning season I’m not really anxious to buy “this” dip because there is no “the fundamentals are good” point right now. China basically said “we’re out until the election is over” and I don’t expect Trump of all people to blink, so thats not going away anytime soon.
 
Oct 28, 2017
3,879
I've got some stocks held in various companies and every few minutes, I'm losing a few pounds. Pretty depressing stuff. Only really got into investment recently since I've got no real savings to speak of. I don't earn a lot so I thought I might as well give it a try with some spare cash I had.
 

ckareset

Attempted to circumvent ban with an alt account
Banned
Feb 2, 2018
4,977
Meh, if the trade war escalates we'll be in trouble. Not a big deal for now
 

The Albatross

Member
Oct 25, 2017
12,823
Wouldn't sweat it. It's probably the result of normalizing the small boost after the Fed cut rates 0.25% last week, it'll rebound by end of day.
 

Octodad

Member
Oct 26, 2017
3,435
I've got some stocks held in various companies and every few minutes, I'm losing a few pounds. Pretty depressing stuff. Only really got into investment recently since I've got no real savings to speak of. I don't earn a lot so I thought I might as well give it a try with some spare cash I had.
You haven’t lost anything unless you cash out. If you wanted short-term cash you shouldn’t put that money in the stock market. Gains and drops are not something to be concerned about daily when you are invest for decades.

If you we’re putting small amounts of cash you had in the market to make it big, you’re basically gambling.
 

bsigg

Member
Oct 25, 2017
10,790
China ceasing imports of US agricultural products among other things is just beating the shit out of the market.
 

Big Yoshi

Member
Nov 25, 2018
446
Stonks 📉

The market is so far divorced from anything related to me personally that its hard for me to relate to it moving unless its a recession.
 

Pandora012

Moderator
Oct 25, 2017
3,451
Today was a good day. Up 200% on my finance puts. More if i held them until now, but sold at open.
 
Oct 28, 2017
3,879
You haven’t lost anything unless you cash out. If you wanted short-term cash you shouldn’t put that money in the stock market. Gains and drops are not something to be concerned about daily when you are invest for decades.

If you we’re putting small amounts of cash you had in the market to make it big, you’re basically gambling.
Yeah I know the script, I'm long term with this. Just crazy to see it all seemingly drain away over minutes and hours. The company I use for managing it give you realtime updates and its just ticking away, going ever higher into the red. A week ago I was up 6%, now at -6%.

Basically I've put it into a diverse enough selection of stuff and I'm forgetting about it, but out of curiosity I check it every week or so, to get a feel for how markets change. The dividends will probably get me more than any stock growth anyway.
 

Steel

The Fallen
Oct 25, 2017
12,974
365 days ago the stock market was... About 1% lower than it is now. Yay returns.

Either way, this is just a continuation of the trade war sell off with China devaluing its currency because of the threat of Trump's tarriffs. Tune in next week when the market convinces itself that the trade talks really are going somewhere this time. Or maybe not. I'm not holding my breath on there being percentage gains this year.
 

clevbrowns95

Member
Nov 8, 2017
2,666
It was doing well for a while, and dropped last week a bit after the Fed announcement regarding interest rates. Then it recovered the following day...until Trump opened his mouth about more China tariffs, and it's been down since then. This is why Trump will never match Obama on the stock market. Both had a growing economy, but Obama didn't fight trade wars and make unpredictable comments that could tank the market. The market hates trade wars as should anyone with a brain.
 

Luchadeer

The Fallen
Oct 27, 2017
2,412
I mean it should be, the tariff announcement on Friday would obviously have an impact today [prob for the rest of the week].
 

gcubed

Member
Oct 25, 2017
1,483
I think today was more due to china weakening the yuan.
Yeah, allowing the yuan to weaken as far as it did is basically a signal that China is expecting this to last until after the next election. I’m not sure what kind of internal pressure they will get from citizens, but if any kind of reporting is correct, the regime pressure is to stop with Trump
 

bionic77

Member
Oct 25, 2017
13,751
Anecdotally I feel there is a bad recession coming based on the amount of people I know who have been laid off or fired this summer around the country.

Hope I am wrong though.
 

Akileese

Member
Oct 25, 2017
783
There does seem to be some evidence these stupid tariffs are starting to slow the economy some. Saw this on linkedin this morning, their economist made some good points:

Yep. Anyone in a perceived hot field could realize it wasn't actually that hot. The wage offerings aren't high enough to entice people to leave. For IT, unless you're a senior security or network engineer, it's mostly straight contract or contract to hire, and the wages aren't even that competitive.