Tiberius Posted August 24, 2015 Share Posted August 24, 2015 Just a few random thoughts. Looks like the market is in for another beating today as the selling continues. I began investing five years ago and it's been all up hill till now, but I knew this was going to happen sooner or later. '87, 2000, 2007...2015? I'm not joining the panic crowd, I'm just holding, reinvesting dividends and buying cheap as the money becomes available. Just wondering how this is going to play out. Not surprising we have trouble out of China. "Free markets" in a dictatorship/oligarchy in a country so big and important to the world economy. That just seems like a problem waiting to happen, but who knows. Just thought there should be a thread on this major event Link to comment Share on other sites More sharing options...
\GoBillsInDallas/ Posted August 24, 2015 Share Posted August 24, 2015 Well, the old joke is that if you are worried about the ups and downs of the stock market, then you shouldn't be investing in it in the first place. I look at it the same way as my real estate investing - you can "make real money" at it, but you always need to do your homework first. Link to comment Share on other sites More sharing options...
truth on hold Posted August 24, 2015 Share Posted August 24, 2015 Eerily similar to final year of Bush's 8 year term Link to comment Share on other sites More sharing options...
\GoBillsInDallas/ Posted August 24, 2015 Share Posted August 24, 2015 Eerily similar to final year of Bush's 8 year term Link to comment Share on other sites More sharing options...
Tiberius Posted August 24, 2015 Author Share Posted August 24, 2015 Eerily similar to final year of Bush's 8 year term It's too early to say that. Link to comment Share on other sites More sharing options...
truth on hold Posted August 24, 2015 Share Posted August 24, 2015 It's too early to say that. Not far off....perhaps I should have said "as we approach Obama's final year" Link to comment Share on other sites More sharing options...
Tiberius Posted August 24, 2015 Author Share Posted August 24, 2015 Friday was bad, today looks worse! Link to comment Share on other sites More sharing options...
Chef Jim Posted August 24, 2015 Share Posted August 24, 2015 Shouldn't this be in the Obamanomics thread? Link to comment Share on other sites More sharing options...
DC Tom Posted August 24, 2015 Share Posted August 24, 2015 Eerily similar to final year of Bush's 8 year term Except for being completely different. Other than that, the similarities are startling. Friday was bad, today looks worse! Today looks great. Of course, I only need the market to move to make money. I don't care which direction. Link to comment Share on other sites More sharing options...
Pine Barrens Mafia Posted August 24, 2015 Share Posted August 24, 2015 The market's gone down? Seriously, I had no idea. Haven't invested in it since I lost my shirt in the last crash. Link to comment Share on other sites More sharing options...
Tiberius Posted August 24, 2015 Author Share Posted August 24, 2015 Shouldn't this be in the Obamanomics thread? You'll have to explain to me why it should be. Trouble in the Chinese market belongs in a thread about Obama's economic policies? Love to see how you explain that one! The market's gone down? Seriously, I had no idea. Haven't invested in it since I lost my shirt in the last crash. Are you being serious? If so, what did you do, sell when they were low? Can you calculate what your stocks would be worth today if you held onto them? Link to comment Share on other sites More sharing options...
DC Tom Posted August 24, 2015 Share Posted August 24, 2015 You'll have to explain to me why it should be. Trouble in the Chinese market belongs in a thread about Obama's economic policies? Love to see how you explain that one! Because the promotion of alternative energy lessens the positive impact of low oil prices on the US economy. That's all I've got. Seriously, thought...I was wondering this morning if lower oil prices have as significant an impact on the economy as they did even 15-20 years ago, because of increased use of alternative energy. It's probably minor...but I've never seen it quantified. Link to comment Share on other sites More sharing options...
Pine Barrens Mafia Posted August 24, 2015 Share Posted August 24, 2015 Are you being serious? If so, what did you do, sell when they were low? Can you calculate what your stocks would be worth today if you held onto them? Once they recovered most of my losses sold off and held. Currently saving for an investment property. Link to comment Share on other sites More sharing options...
Tiberius Posted August 24, 2015 Author Share Posted August 24, 2015 Because the promotion of alternative energy lessens the positive impact of low oil prices on the US economy. That's all I've got. Seriously, thought...I was wondering this morning if lower oil prices have as significant an impact on the economy as they did even 15-20 years ago, because of increased use of alternative energy. It's probably minor...but I've never seen it quantified. I'd say still minor, but growing quickly. What did you mean by "impact"? Positive or negative? It was a learning experience to me that lower oil prices had such a negative impact on the economy by causing so much uncertainty in financial markets. Link to comment Share on other sites More sharing options...
Chef Jim Posted August 24, 2015 Share Posted August 24, 2015 You'll have to explain to me why it should be. Trouble in the Chinese market belongs in a thread about Obama's economic policies? Love to see how you explain that one! Oh I was just thinking that a certain poster who shall remain nameless was giving credit to Obama when the market was going up. So I just figured he should get the credit when it goes down too. Link to comment Share on other sites More sharing options...
Tiberius Posted August 24, 2015 Author Share Posted August 24, 2015 Oh I was just thinking that a certain poster who shall remain nameless was giving credit to Obama when the market was going up. So I just figured he should get the credit when it goes down too. Good answer! I'd just reply, honestly, that my pointing out the stock market success was in reply to all the Conservatives screaming to high heaven that "Obama's economy" was not recovering quickly enough to their liking from the recession he inherited from a previous administration. So there we go. President's are not Gods, or "creators" Link to comment Share on other sites More sharing options...
Bob in Mich Posted August 24, 2015 Share Posted August 24, 2015 The dow is up 700 points in the last hour! (down 1000 to down 300 at the moment) Link to comment Share on other sites More sharing options...
GG Posted August 24, 2015 Share Posted August 24, 2015 Seriously, thought...I was wondering this morning if lower oil prices have as significant an impact on the economy as they did even 15-20 years ago, because of increased use of alternative energy. It's probably minor...but I've never seen it quantified. US economy or the global economy? In reality, it doesn't have as big of an impact in what's causing the current correction. Today's global economy rests on the lukewarm US recovery and expectation that China will continue to fire on all 8 cylinders and hopefully transitions more of its output to internal consumption, instead of being a contract manufacturer for the rest of the world. Now that the declawed tiger is being exposed, the worry is that there's not enough slack in the world economies to pick up the goods that were expected to be consumed by China. US definitely doesn't have the capacity. So now, everyone is panicking. Low oil prices won't do much to correct the fundamentals. Some people think oil could go to the marginal production rate in the $20s for a short time. But that would be a bad thing. Link to comment Share on other sites More sharing options...
Chef Jim Posted August 24, 2015 Share Posted August 24, 2015 Good answer! I'd just reply, honestly, that my pointing out the stock market success was in reply to all the Conservatives screaming to high heaven that "Obama's economy" was not recovering quickly enough to their liking from the recession he inherited from a previous administration. So there we go. President's are not Gods, or "creators" If they are not creators why were you pointing to the stock market increases as a sign that the "Obama economy" was recovering? Link to comment Share on other sites More sharing options...
Tiberius Posted August 24, 2015 Author Share Posted August 24, 2015 If they are not creators why were you pointing to the stock market increases as a sign that the "Obama economy" was recovering? Did you read what I wrote? It was an answer to criticism that the economy was bad, and I was showing that part of it was doing swell. That's all Link to comment Share on other sites More sharing options...
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