Once the unwind gets going, the computer generated selling and margin call selling will be epic. Never mind. That’s just being negative. The market will never fall. Us doomsayers are always wrong. See 2000 and 2008 for proof.
BUYING FANG STOCKS ON MARGIN – WHAT COULD POSSIBLY GO WRONG?
FANGs Freefall To 5-Mo Lows, Nasdaq Nears Critical Support
https://www.zerohedge.com/news/2018-10-10/fangs-freefall-5-mo-lows-nasdaq-nears-critical-support
I would not put money in Farcebook or Google period and certainly not on margin.
Wake me when the return on the S&P is negative for the year. The stock market is a ponzi.
Just wait until the margin call. It will hammer those suckers down, real quick.
Waitin.. waitin got the world to change…
It looks like Sears will be filing Bankruptcy within the next few days.
https://www.usatoday.com/story/money/2018/10/10/sears-bankruptcy/1587171002/
Looooong overdue. So much for “The Big Store” as it was once called.
Who could have predicted that?
Not TBP. Harrington Richardson said he’d a lost a $Jillion listening to the doom on TBP. Now where did I see a list of future bankruptcies?
Meaningless.
Every time stocks have fallen since 1987, they’ve come roaring back.
2000-2003 the Nasdaq lost 80%. Look at now.
2007-2009 the entire market fell 50%, look at the last 9 years!
What do you think will happen when (not if, WHEN!) stocks fall 50% from recent highs?
People will double their long positions.
What do you think will happen if stocks fall ANOTHER 50% from there (still mostly higher than just 9 years ago?)
People will take out a 2nd mortgage to BUY BUY BUY BUY BUY!
Ironically, it is amid CAPITULATION that lows form. In 2009 people were scared. Capitulation was everywhere.
People have now learned that only fools EVER sell. This is a key ingredient for stocks to fall 90, 95, even 98%, which I have long believed was inevitable.
Preter Naturalist sounds like a real wiener. Must be a millennial who can’t imagine the stock market ever going anywhere but up.
It will go back up. It might take 30 years, but it will go back up.
This is just the margin leverage you see. All manner of derivatives, including swaps and futures, allow for leverage ratios far higher than the 50 percent limit in stocks. Because global debt is at an all time high versus real assets and global GDP, a stock market margin call will just be the preview before an all consuming global margin call, and virtually every asset on the planet will be for sale.
That’s right Robert……..I have cash ready to buy!buy!buy! property when the blood starts running in the streets. If you can’t beat the elites, join them….
DOW down -659…………look out b-e-l-o-w…………
Where are all the Millenial Zero hedgers who have never seen a dosn market and who inevitably will say, BTFD?!!
That should be tomorrow right?
Because, Kavanaugh, bitchez
Wow.
Blood red for a reason, that chart huh?
Glad I have no skin directly in that mountain of paper wealth game.
Those risk takers probably going to burn; richly deserved IMHO.
Ah, but when?
Smarter ones will take some cash off the table now, ignoring the greed that begs to wait, for FOMO on further paper gains.
It’s the ripple effects and fallout after it comes crashing down that are the concern, for the average Joe, regardless if he does or doesn’t have funds tied up in the market.
The carnage for most things economic will be ghastly.
What few areas will be hit, but still survive?
Conversely, what will actually thrive in the midst of the mayhem?
If what you say is true; cash.
Gut check time? Maybe. This time around it will be the etf’s which all own the same stocks. If it dumps my strategy will be to take stocks off of reinvest until the bottom hits hoarding the cash and when they bottom (if this is the start of a major dump) put them all back on reinvest. Not my first rodeo.
Speaking of deaths, I read this..
https://www.dallasnews.com/business/retail/2018/10/10/sears-appears-preparing-long-expected-bankruptcy-filing..
I’m shocked. Who could have seen that comin’…
They kept the money free flowing for 8 years of the magic negro, but there’s a midterm election coming up, and Trump needs a lesson on bragging about the stock market. I suspect this drawdown is going to be nothing compared to what they do for the 2020 election.
I wonder if the Great Orange One will take credit for the 830 point plunge. He takes credit for its positive moves. Best economy ever!!!!
Are his Deep State enemies going to tank the market 20% before November 6 to teach him who’s boss?
You’re predicting a 5,000 point slide?
It’s on like Donkey Balls. Where were you in ’87?
The Dow Jones Industrial Average (DJIA) fell exactly 508 points to 1,738.74 (22.61%).
Almost a perfect Fibonacci 21%
20% is $5T of American’s stash. It’s not the trade war, oh no. We’re winning that one.
Ten bucks says Trump tweets, ” Wow, what a beautiful slide….that was wonderful. Your going to love it, really…. because with me at the helm it will rebound then it’s DOW 50,000 forever!!”
The tragic part of your Trump improv is that I can see him saying it.
Even more tragic is I called for a Dow 50K years ago. I had the bottom around ’16 with the rebound in 2020 – 2024.
It could happen El, really.
Yes. They pulled liquidity ahead of the 2008 election to ensure Barky’s win, then juiced the market for 8 years never letting their foot off the gas pedal. Fed has now been pulling liquidity back out of the market again, just in time for November. Anyone who says the Fed isn’t political or biased is full of shit.
Gold is a sapling, silver is an acorn. Piss on one, bury the other.
Both will have have you bleeding from the mouth and rectum lickety-split.
I fucking rue the day I bought that shit, thinking it was a “hedge”, “insurance”, or “protection”. Gold and silver have been a fucking albatross around my neck like no other. Fuck the PM pumpers.
Blah, blah, blah….sucks, blah, blah, blah. Rdawg….stop hiding out and sniveling!
Take your gold coins, cast them into a dildo. Use your boyfriend EC’s cock as a mold.
Shove it up your Kentucky ass.
Dawg- I was being friendly, what’s up asswipe?
Nuthin’. I was being friendly too.
I know……
How long are you going to hide out? Give peace a chance Dawg.
This place has become boring. Group-think has taken hold. I only visit a few times a week because it is so predictable.
YoBo succeeded totally in fucking this place up. I hope he’s proud; he earned it.
Bea, he’s just a miserable young fuck, hates boomers and non-atheists.
I don’t hate anybody. Certainly not the religious. I live in a town that’s 84% LDS. You can’t swing a dead cat around here without hitting a church. Live and let live, is my motto.
Also, my parents are boomers, you dumbshit.
If there is a miserable fuck here, it’s you.
That’s an idea, is that what you did, Ratboy?
Well, no. For one thing, I don’t have the intimate relationship with Bea that you do.
For another, in order to get a mold of your dick, I would need some special equipment. For example, an electron microscope to find the li’l guy.
Yobot has been fairly subdued of late. You would be hard pressed to accuse EC and myself of group-think.
I know he has. His mission is complete. It took a year or so, but he finally succeeded in driving off the interesting folks.
I suspect he is moving on to other things.
Base metals are unchanged. I think it is a simple technical correction. I doubt we drop more than 10% from here.
Comforting. I remember when “silver guru” David Morgan assured us that “$30 silver was in the rear-view mirror” some years back.
Turns out the fucker meant that we would never get as high as $30 again.
Thinking of silver in terms of fiat is ridiculous. For most of recorded human history, a day’s worth of hard labor or that of a soldier could be had for 1/10 of an oz of silver. That is the true value of silver. That I can get it for next to nothing is a bonus. When things finally do fall apart, those holding PM’s will field armies.
https://www.yahoo.com/finance/news/trump-fed-gone-crazy-215019123.html
Now Trump will get to play the victim card like Brand Trump is so good at developing and utilizing.
Doesn’t this sound like foreshadowing and a veiled threat…
How To Be a Crook