8:25 AM EST

Futures indicate it's going to be very, very bad.

you knew it was coming....

today is going be smiles in stinkland.....

I'm guessing another 3-5% down.....

I'm the guy at the craps table that you hate....

disclaimer: I also beg for the roller to continue and play the 4,5,6,8,9,10.....it's my hedge system when I gamble...

I'm never all-in anything....

Oh noooooooooo!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

(08-24-2015 07:30 AM)blunderbuss Wrote:  Oh noooooooooo!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

that's what the 44 chuggers are sayin'.....but it affects them too if the pattern holds....

there is nothing that says the 20s/30s can't happen again....

and the fragility of the usd coupled with a commodity pricing strain in a service based industry is trending in that direction......one can only hope that this will be similar to the internet bust cycle....

pay attention to commodities and population growth moving forward.....

700pt sell off in the futures right now...

http://www.marketwatch.com/story/dow-500...2015-08-21

Pretty interesting article. Do I think it could happen. No but brings up some good information.

Gonna be a wild ride for sure today and probably the next few days. Great deals to be had if you have the balls and extra dough.

(08-24-2015 07:42 AM)200yrs2late Wrote:  Gonna be a wild ride for sure today and probably the next few days. Great deals to be had if you have the balls and extra dough.

Calling the bottom will be particularly difficult. As I posted elsewhere, a dead cat bounce would be a false signal.

How many day traders in here? Frankly, I don't worry about this right now but I'm 36. If I were in my 60's I might worry.

(08-24-2015 07:51 AM)blunderbuss Wrote:  How many day traders in here? Frankly, I don't worry about this right now but I'm 36. If I were in my 60's I might worry.

this is where the 401k/roth should be worried.....

there is no law that states flatlining with a down trend can't happen....

the valuation of the dollar moving forward scares the fk out of my arse....

people talk about not timing the market.....yeah, that's fabulous if you are 20.....

when you get older, it's entirely different in scope....

you will see story after story after story from the dipshite media that will play the generational sympathy card even moreso moving forward.....

the boomers are dying.....it's really that simple.....

(08-24-2015 07:51 AM)blunderbuss Wrote:  How many day traders in here? Frankly, I don't worry about this right now but I'm 36. If I were in my 60's I might worry.

Not me, although I used to be primarily an options trader. Its times like these were I may peruse for those stocks that get nailed hard for no other reason than a mass selloff. (Like Ford back in '08) There is likely money to be made here if you have been paying attention to the quality companies.

(08-24-2015 07:47 AM)QuestionSocratic Wrote:  

(08-24-2015 07:42 AM)200yrs2late Wrote:  Gonna be a wild ride for sure today and probably the next few days. Great deals to be had if you have the balls and extra dough.

Calling the bottom will be particularly difficult. As I posted elsewhere, a dead cat bounce would be a false signal.

Yeah bottom will be hard to predict, I've seen numbers from 12500 to 15500 that are all within reason to me this week. I'm gonna say not that dramatic and by late today or tomorrow mid morning the buys will be a little easier to pick out.

I'm looking at a few that I'd stick in my portfolio that I would have loved to had 6 months ago that will be back in reach again after this selloff.

I admit i have a simplistic view on this. I have too much going on to pay much attention other tjan adjusting my 401k distribution. My hope is things bounce back like they historically do. I do have some concerns over the dollar.

(08-24-2015 08:04 AM)blunderbuss Wrote:  I admit i have a simplistic view on this. I have too much going on to pay much attention other tjan adjusting my 401k distribution. My hope is things bounce back like they historically do. I do have some concerns over the dollar.

if you're young, ride it out, AND it rebounds.....you'll be just fine....

however, I'm in the camp that the 401k is why the valuations are such....and that spikes will become the norm moving forward

(08-24-2015 08:02 AM)UofMstateU Wrote:  

(08-24-2015 07:51 AM)blunderbuss Wrote:  How many day traders in here? Frankly, I don't worry about this right now but I'm 36. If I were in my 60's I might worry.

Not me, although I used to be primarily an options trader. Its times like these were I may peruse for those stocks that get nailed hard for no other reason than a mass selloff. (Like Ford back in '08) There is likely money to be made here if you have been paying attention to the quality companies.

My biggest stock market regret. Had the finger on the button but couldn't secure the amount of cash I needed quick enough when Ford was hovering around $1 per share for the day.

I have at least 25 more years until retirement, and even after retirement I'll likely end up being a part time consultant at that. I'm buying the same every month, so I'm dollar cost averaging. This has no impact on me at this point in my life - unless main street elects to act irrationally because the markets are falling.

(08-24-2015 08:06 AM)miko33 Wrote:  I have at least 25 more years until retirement, and even after retirement I'll likely end up being a part time consultant at that. I'm buying the same every month, so I'm dollar cost averaging. This has no impact on me at this point in my life - unless main street elects to act irrationally because the markets are falling.

I think main street has long known the the market has been artificially inflated and any reaction will delayed by at least a few months. Only those in a bad position will have to make a knee-jerk reaction.

(08-24-2015 08:09 AM)200yrs2late Wrote:  

(08-24-2015 08:06 AM)miko33 Wrote:  I have at least 25 more years until retirement, and even after retirement I'll likely end up being a part time consultant at that. I'm buying the same every month, so I'm dollar cost averaging. This has no impact on me at this point in my life - unless main street elects to act irrationally because the markets are falling.

I think main street has long known the the market has been artificially inflated and any reaction will delayed by at least a few months. Only those in a bad position will have to make a knee-jerk reaction.

I think main street knows it as well - unless people get collective amnesia which has happened before.

Congrats to all those who shorted the market a week ago.

(08-24-2015 09:18 AM)UofMstateU Wrote:  Congrats to all those who shorted the market a week ago.

#patonback

I'm old....and I love gambling......

the don't pass players win sometimes....and I always hedge