Mean while, as we discuss S&W collecting, the stock market crashes

[Cal44]

Or at least it came close to crashing.

The DJIA went down 1500 pts briefly about 1/2 hr ago, and then came back to down 800 pts.

This is the first day for Jerome Powell as Federal Reserve Chairman. Yellen's last day was Friday.

What a first day.

Yellen showed good timing hitting the door just in time.

 

[Kurusu]

Or at least it came close to crashing.

The DJIA went down 1500 pts briefly about 1/2 hr ago, and then came back to down 800 pts.

This is the first day for Jerome Powell as Federal Reserve Chairman. Yellen's last day was Friday.

What a first day.

Yellen showed good timing hitting the door just in time.

So, nothing new under the Sun.

 

[sheepdawg]

The stock market goes up, the stock market goes down. Who would have thought it's where it's at even after two real bad days 5 years ago?

 

[pharmer]

I've lived through REAL (%) crashes in the '70's, '87 (25%!!), 2008. I got cut in half in '87 but I was young. Recovered nicely. In 2008 I bought GE @ $7.50/sh and Pfizer for $11.50. Sold them both in the 20's 18 months later. If'n it goes down to 5K on the Dow, think of the buying opportunity. I know, what about the "losses?" Anyone who invests in the market knows the risks going in. I've seen hysterical crying around casinos too and while I feel sympathy, it is a casino. Adult behavior has adult consequences. They're building McMansions all around me that folks still can't afford. But hey, I can buy a $500,000 6 bed/4bath with a $3K a month mortgage today that would have been $6K/mo before the crash. 3 Card Monte is what it's always been and always will be. Beats the hell out of all other games (political systems). Joe

 

[JayFramer]

Yawn. Could never get into the stock market, would rather watch paint dry.

 

[vytoland]

Or at least it came close to crashing.

The DJIA went down 1500 pts briefly about 1/2 hr ago, and then came back to down 800 pts.

This is the first day for Jerome Powell as Federal Reserve Chairman. Yellen's last day was Friday.

What a first day.

Yellen showed good timing hitting the door just in time.

there is a rule for that.....

 

[Cal44]

Does anyone else remember earning a decent rate on CD's and bonds?

About 1980 interest on CD's as at (or close to) 18%.

One of the best safe investments of all time. But I was working full time and not paying attention and missed it.

 

[DWalt]

The market has experienced an unsustainable bull run since the election. I am surprised there has not been a correction earlier. I am looking for buys right now, but I think the bears will prevail for a while longer. I have my buy list for a bottom, as I did for the 2008-09 period.

 

[hoosierone]

The instructor I had when taking the SEC course had one comment about the stock market: "The market will fluctuate".

 

[Tom S.]

Does anyone else remember earning a decent rate on CD's and bonds?

That's only half of the equation though. CD rates were that high because interest rates were correspondingly high, as was the cost of living. Which explains why current CD rates are so low: interest, cost of living and inflation are low. I've got a feeling all that's about to change, and I'm not alone as the Market today and last Friday indicate.

 

[Kurusu]

That's only half of the equation though. CD rates were that high because interest rates were correspondingly high, as was the cost of living. Which explains why current CD rates are so low: interest, cost of living and inflation are low. I've got a feeling all that's about to change, and I'm not alone as the Market today and last Friday indicate.

Man! You're taking the fun away out of it.

 

[ddixie884]

Every time this happens, I'm glad my capital is tied up in heavy haul trailers..........

 

[oneounceload]

When stocks are up, bonds are down; picture a teeter-totter is the way my finance guy explained it.

I remember back in the Carter days when CDs and Bonds paid 18%+; and credit card rates jumped to a then ridiculous 24%. Now CDs and Bonds pay 1-2%, yet the banks have kept the credit card rates up in the 20%+

 

[CalmerThanYou]

I took a serious slapping today. Paper loss, paper gain. I am a buy and hold guy, with long term goals. Should be back in time. Not fun to watch the portfolio plummet though.

 

[DWalt]

"I think that I earned a lot of net returns on FDIC deposits back then (1987) than now?"

At that time, roughly 1984-90, many banks and S&Ls were in deep trouble and some were offering some very substantial short term CD interest rates in the 8-11% range just to get cash. They were all FDIC insured, and I was putting a lot of money into those crappy CDs with no risk. Two of which I cashed in when the banks were closed.

 

[jrm53]

Back in Oct of 87 I closed out my IRA at a saving and the lady asked what are you going to do with this I say I'm moving it into Walmart stock it amounted 14000 the next monday it was worth 1/2 or 7000 At the time I was dealing with a brokerage house in Little Rock I start calling them to buy more and it was more than a week before I could get them and by then WM had gone up quite a bit. I remember the Local news people had cornered Sam Walton and questioned him he answered "its just numbers on paper" that made me feel a lot better. What drove this sell off is the ETF's (electronic traded funds) when computers say sell every thing changes. Jeff

 

[GF]

So ... is it time to buy bullets & beans yet !?!

Wait, already did it!

GF

 

[Warren Sear]

THE SKY IS FALLING!!!! HURRY; BUY MORE .22 AMMO!!!

 

[LVSteve]

Step away from your 401K!!!

I've been waiting for the bubble to burst, and my spread of investments shows it.

As for bonds, they were doing OK during the banking crisis.

 

[Muss Muggins]

I took a serious slapping today. Paper loss, paper gain. I am a buy and hold guy, with long term goals. Should be back in time. Not fun to watch the portfolio plummet though.

You only took a serious slapping if you sold. Otherwise, you're fine . . .