Why did the US stock market crash on Monday?

numan · Feb 13, 2018

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mcstites · Feb 13, 2018

The Dow has gained about 5000 points since January 2017. That is about 25%.

Know one with a lick of sense believes that it will continue in this mode. However, it is still the best investment around.

numan · Feb 18, 2018

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The market is now unstable. there will be ups and downs, but the general trend will now be down.
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mcstites · Feb 18, 2018

numan said:
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The market is now unstable. there will be ups and downs, but the general trend will now be down.
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For how long? Hours, days, months, years, decades?

numan · Feb 18, 2018

mcstites said:
For how long? Hours, days, months, years, decades?

Many months.
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mcstites · Feb 18, 2018

numan said:
Many months.
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I can handle "many months".

Ralph47 · Feb 18, 2018

numan said:
Many months.
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LOL!!! It is pretty much stable already!

mcstites · Feb 18, 2018

"THE UNITED STATES MILITARY INDUSTRY SUCCESS IS THE ENVY OF THE CIVILIZED WORLD! " The vast majority of the aircraft used by Canada are manufactured in the US. They call their front line fighter aircraft a CF=188. However, it is a version of our F-18 Hornet.

numan · Feb 18, 2018

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GOP is wrecking your retirement savings

The GOPTaxScam was the straw that broke the markets’ back. Here’s why and how.

First, America is hugely in debt (known as “overleveraged” in econ wonkspeak).

There’s over $1.4 trillion in student debt, a number never, ever before seen in the US, and nonexistent in the rest of the world because we’re the only developed country in the world that makes students pay so much for college that they can’t attend without taking out loans.

Consumer credit card debt is over $1 trillion (the highest in history), because people have been using household debt (including low-interest of mortgages and car loans for a total of $13 trillion, a record) to maintain what was once a middle-class lifestyle, once easy with a union job.

This trend has been going on ever since Reagan declared war on working people in 1981 and began the process of destroying good union jobs.

As a result, wages have been flat or declining for over 30 years. Corporations, feeding off artificially low interest rates provided by the Fed, are also massively in debt. In fact, one of the most common hustles running over the past 7 years has been to borrow billions at less than 1% interest rate and “invest” that borrowed money in the stock market that’s been giving much higher returns than bonds.

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mcstites · Feb 18, 2018

numan said:
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GOP is wrecking your retirement savings

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And why should I believe Thorn Hartmann? Wasn't he one of the creators of Air America Radio?

And besides, I can handle months of drops. I am in it for the long run.

a777pilot · Feb 19, 2018

numan said:
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Why did the US stock market crash on Monday?

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The stock market crashed? Who knew? Not me. My account is doing well.

Ralph47 · Feb 19, 2018

a777pilot said:
The stock market crashed? Who knew? Not me. My account is doing well.

Mine too!

numan · Mar 2, 2018

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The Dow will soon be breaking down into the 23000's.

Not only was Trump's phony-baloney tax bill inflationary, now he wants to start trade wars about tariffs on steel and aluminium.

Stock markets are going down all over the world, not just in the Land of Debris and Home of the Crazed.
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Ralph47 · Mar 2, 2018

numan said:
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The Dow will soon be breaking down into the 23000's.

Not only was Trump's phony-baloney tax bill inflationary, now he wants to start trade wars about tariffs on steel and aluminium.

Stock markets are going down all over the world, not just in the Land of Debris and Home of the Crazed.
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You will soon enough see OTHERWISE! :giggle:

(like the "sky will fall" when Brexis happened)

Poor Canada - less leeching off the USA! :giggle:

mcstites · Mar 2, 2018

numan said:
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The Dow will soon be breaking down into the 23000's.

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I am more interested in five years from now than "soon".

mcstites · Mar 2, 2018

No wonder numan has such a crappy attitude towards the US. Look at where he lived in the US.
https://www.usnews.com/news/best-states/rankings/quality-of-life

Ralph47 · Mar 3, 2018

mcstites said:
No wonder numan has such a crappy attitude towards the US. Look at where he lived in the US.
https://www.usnews.com/news/best-states/rankings/quality-of-life

That is assuming that what you have is the best you can do with your life. Many can be resourceful and rise above and improve their situations dramatically. Numan obviously was incapable, "hogtied" if will. Poor fella. :redface:

mcstites · Mar 3, 2018

Thinking about it, a lot of our own experiences agree with the survey. I made a lot of business trips to California. We enjoy visiting, but would not want to live there. It was too expensive and too busy, too many cars and too many people and a general lack of politeness.

I retired from the Air Force in New Jersey. We were very happy to leave that place. The people were just generally rude.

We have friends and Mississippi and enjoy visiting their. We liked Florida, mainly because of the camp ground and weather. On the way to Florida we passed across the NE corner of Louisiana. They had a bad reputation for targeting out of staters and hauling you into court for relatively minor traffic violations rather than just letting you go and pay the ticket through the mail. We tried to avoid Louisiana, if possible.

Ralph47 · Mar 3, 2018

mcstites said:
We tried to avoid Louisiana, if possible.

Yeah, the roads were pretty rough going thru there a few days ago (nearly as bad as in Manitoba!), on our current RV trip. Although the RV park there (in Lafayette) was quite nice.

Why did the US stock market crash on Monday?

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