patrick.net

Bitcoin lost half its value, this correction was due regardless. And I'm sure there's no shortage that will see this as a buying opportunity.

Apparently Wall Street thinks that there is something to this memo.

Down 600 points.

zzyzzx says

Apparently Wall Street thinks that there is something to this memo.

Maybe they think Trump presidency is done and Wall Street hates uncertainity

anonymous says

It's not the memo

I suppose Bitcoin might have something to do with this.

anonymous says

Trump will step right up and take full credit and responsibility....

If stocks go up 50% and down 10%, Trump gets credit for stocks going up 40%
It's not fair for you guys to give credit to Obama for the rally, and blame Trump for the pull back.

Politics aside, are any of you going to see this a a buying opportunity?

I suspect that Monday morning may be a good time to buy before the market goes back up. I am eyeing two stocks that are now at their 52 week lows.

DJIA ended down 665.75 points, or down 666 points. The number of the beast :-).

Liberal Logic:

If butt hurts = Trump fault.
If feel good = despite of Trump

justme says

DJIA ended down 665.75 points, or down 666 points. The number of the beast :-).

I would answer this, but I was taken away in the rapture.

Strategist says

If stocks go up 50% and down 10%, Trump gets credit for stocks going up 40%
It's not fair for you guys to give credit to Obama for the rally, and blame Trump for the pull back.

Agreed. Yes he does. That said, the Stock market was already on the upswing, so he does not get 100% of the credit. The Obama effect wanes as we move away from 2016

Strategist says

anonymous says

Trump will step right up and take full credit and responsibility....

If stocks go up 50% and down 10%, Trump gets credit for stocks going up 40%

Some posters here on Patnet have difficulty with math.

HeadSet says

Politics aside, are any of you going to see this a a buying opportunity?

Yes, definitely.

HeadSet says

I suspect that Monday morning may be a good time to buy before the market goes back up.

Looking at the futures Sunday night/early Monday morning will give you a good idea which way it will open.

anonymous says

"It's not fair"

Life is not fair

Life sucks. Bigly.

Tim Aurora says

The Obama effect

Asking a question. Do you seriously believe this? I don't believe it's Trump either.

I know this is a stiff task, probably not even doable. Can anyone here prove, with even suspect evidence, a president being able to move say GDP even 0.2% in one direction or another over a years time? While I don't research this sort of thing I have a feeling it will be crickets.

Stop giving so much credit to one person that signs shit on their desk.

I keep hearing from liberals that Obama was responsible for the market surging over the past year. I wonder if he could have done anything differently during his 8yr term to have prevented the decline this week?

buy early on monday, since it'll recover and at least make some quick cash.

Lewis Black:
'Nobody understands the market!'
'It goes up! It goes down! It goes up! It goes down!'

Worth repeating!
WookieMan:
"Stop giving so much credit to one person that signs shit on their desk."

FortWayne says

buy early on monday, since it'll recover and at least make some quick cash.

Back to the drawing board

I posted that we may see a 4 figure drop, but it appears the very fair mod may have deleted that post

https://www.cnbc.com/2018/02/05/dows-nearly-1600-point-plunge-marks-its-biggest-one-day-point-drop-ever.html Dow's nearly 1,600-point plunge marks its biggest one-day point drop ever


The Mother of all drops.

Meh, 4% is not even near the top 20 one-day percentage drops in the dow:

http://www.foxbusiness.com/markets/2011/08/04/top-20-largest-dow-jones-average-losses.html
10-19-1987 1738.74 -508.00 -22.61%
10-28-1929 260.64 -38.33 -12.82%
10-29-1929 230.07 -30.57 -11.73%
11-06-1929 232.13 -25.55 -9.92%
12-18-1899 58.27 -5.57 -8.72%
08-12-1932 63.11 -5.79 -8.40%
03-14-1907 76.23 -6.89 -8.29%
10-26-1987 1793.93 -156.83 -8.04%
10-15-2008 8577.91 -733.08 -7.87%
07-21-1933 88.71 -7.55 -7.84%
10-18-1937 125.73 -10.57 -7.75%
12-01-2008 8149.09 -679.95 -7.70%
10-09-2008 8579.19 -678.92 -7.33%
02-01-1917 88.52 -6.91 -7.24%
10-27-1997 7161.14 -554.26 -7.18%
10-05-1932 66.07 -5.09 -7.15%
09-17-2001 8920.70 -684.81 -7.13%
09-24-1931 107.79 -8.20 -7.07%
07-20-1933 96.26 -7.32 -7.07%
09-29-2008 10365.45 -777.68 -6.98%

Strategist says

Dow just plunged by 500 points.
Now down 543 points

Do they hate Trump so much that they prefer to lose money just so they can criticize him?

Patrick says

Meh, 4% is not even near the top 20 one-day percentage drops in the dow:

But 1600 points sounds so much worse than 4%

errc says

FortWayne says

buy early on monday, since it'll recover and at least make some quick cash.

Back to the drawing board

I posted that we may see a 4 figure drop, but it appears the very fair mod may have deleted that post

I fully expected a bounce back. Either way I think it's a good time to double down. I think it'll have to go back up, so even if I'm not buying on bottom, I'm sure not buying at the top. Catch what I mean?

Tenpoundbass says

Bitcoin lost half its value, this correction was due regardless. And I'm sure there's no shortage that will see this as a buying opportunity.

Yes, I remember you saying this. Well, actually, I don't.

FortWayne says

Liberal Logic:

If butt hurts = Trump fault.
If feel good = despite of Trump

Like to take a stab at the logic of those who support Trump?