Tech stocks off 4% is this the inflection so long predicted?
https://www.bloomberg.com/markets/stocks
https://www.reuters.com/article/us-u...-idUSKCN1MK1JZ
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Tech stocks off 4% is this the inflection so long predicted?
https://www.bloomberg.com/markets/stocks
https://www.reuters.com/article/us-u...-idUSKCN1MK1JZ
Life without...
Quote:
Originally Posted by cyrille
.....mindless consumption.
US reporting season starts tonight ...
https://teakdoor.com/attachment.php?a...id=21055&stc=1
US futures currently down 1,000 points
We'll see what happens overnight.
Yet, isn't the bubble imaginary?
As is the wealth and concocted value/worth.
We should get over our illusions.
Problem solved.
yet while the bankers squirrel it away to teh havens the firms close, lay offs repossessions folks who cannot buy food medicine education, debt and misery all to real and immediate for those without savings or marketable skills willingness to relocate or sit it out in austerity.Quote:
Originally Posted by HuangLao
You may like to read Bob Noonan's aka Robert Tressels seminal work
Rugged Roused Fill Ant too pissed
https://en.wikipedia.org/wiki/The_Ra...hilanthropists
Qu'elles mangent les carrottes
Another recession. I thought we were still in the middle of the last one.
Notime to draw breath. Waiting for the state pension to kick in and put me back to where I was 2 years ago.
Until the ‘misery index’ (inflation rate + unemployment rate + interest rate) exceeds a certain number (45 ?) the middle class won’t be out in the streets.
the usual signs are there... property construction bubble, economic slow down and human stupidity, plus we have two other factors taking affect; global trade decoupling and a tangible move away from the dollar
the next one is gonna be a doozy
Netflix off 8%. You would have thought they'd do well if no fucker can afford to go out.
:)
Aussie Market down 2.8% today.
Finished on the day's low ... not a good sign for tomorrow.
https://teakdoor.com/attachment.php?a...id=21064&stc=1
I moved my Super/Pension Fund/401k into cash about 2 months ago ... looking now for
collective falls in the range of 12 - 18 % over the coming months.
Trade wars between the USA and China and a looming Italian Banking crisis looms large.
BTW, I'm no Oracle ... I went to cash after Brexit which didn't pan out as I expected :34:
Hope it cuts in half...
There's always a looming Italian banking crisis. Except at the times when it's actually happening.Quote:
Originally Posted by David48atTD
Sears Hires Advisers to Prepare Bankruptcy Filing
Troubled retailer working with boutique firm M-III Partners and could file for court protection ahead of Monday debt payment
https://www.wsj.com/articles/sears-h...ing-1539136189
Interesting term boutique
Today associated with haute couture fashion or niche boutique hotels
Its from classical greek for store
Hence
Apothecary,
German Apotheke
Ancient Greek word ἀποθήκη (apothḗkē, "a repository, storehouse")
Spanish Bodega ( A wine cellar)
International Monetary Fund chief Christine Lagarde clashed publicly with Donald Trump over interest rates today as global markets were rocked by more turmoil.
The IMF managing director was responding to the US president’s latest outspoken intervention on the Federal Reserve after he warned the world’s most powerful central bank was “crazy” and “going loco” for raising rates amid strengthening growth.
Markets have been spooked by fears that the Fed will raise rates even more sharply than expected next year, prompting a sell-off of US Treasury debt and triggering share sell-offs across the world. But Lagarde defended the Fed’s actions today — calling its moves “legitimate and necessary” — and warning that “stock markets in general have been extremely high.
Lagarde told CNBC: “I would not associate [Fed chairman] Jay Powell with craziness. No, no, he comes across, and members of his board, as extremely serious, solid and certainly keen to base their decisions on actual information, and decide to communicate that properly.”
Her comments came as the FTSE 100 plunged to a six-month low of 7027.63, down 118.11 points, or 1.7%, and entering the correction territory generally marked by a 10% fall from the recent trading highs in May.
The sell-off swept across Europe after big falls in Asia overnight amid worries over the intensifying trade fight between the US and China, and the IMF’s earlier global growth downgrade this week. The stock market in Italy, embroiled in a clash with the European Commission, entered bear market territory with a 20% fall.
Sharp falls for the major tech stocks on Wall Street has also driven tumbling share markets, with Amazon, Google and Facebook down more than 10% from recent highs. In London, one of the biggest FTSE 100 casualties was the Scottish Mortgage Investment Trust. It has holdings in Amazon, Tesla and Netflix and fell 21.9p, or 6%, to 443.5p.
“There are concerns there about valuations which investors are questioning,” CMC Markets’ Michael Hewson said, adding: “But Trump’s comments are more reminiscent of president Erdogan in Turkey.”
The present turmoil today prompted car-leasing giant LeasePlan to shelve Europe’s biggest float this year.
LeasePlan pulled the initial public offering — expected to value the firm at around €6 billion (£5.3 billion) — “because of market conditions”.
what goes up must come down... correction, recession, depression, oh well, semantics, the answer of course is to SELL, SELL, SELL... and do it quickly before all your hard earned money evaporates before your eyes
Well overdue, and some 'experts' predict the MOAR, which ought to see a shaken not stirred EU as some of its more fragile economies go belly up. Anyway 10 years is a long time and periods between global financial catastrophes are supposed to narrow not expand, so bring it on!
Stock markets quake in fear as 'the bondcano' rumbles ominously - ABC News (Australian Broadcasting Corporation)Quote:
"Against this background of extreme concentration, with just six stocks accounting for almost all the gains of 2018, the US system throws up a president who doesn't grasp even the basics of international trade," Mr Campbell said.
is the whole elephant heading for the fan ?
that link is blocked by the op .. interesting article, but the whole elephant..? nah just a correction for all the greedy pigs and there's always some shady douche talking it up so he can earn an extra buck out of it.. 'bondcano' :rolleyes:
Harsh way to refer to hick. :sad:Quote:
Originally Posted by Neo
...or BUY, BUY, BUY...but not just yet...Quote:
Originally Posted by bowie
Ah… such a confusing subject, should I Buy, Sell or Hold. People in general can’t grasp the basic concepts of investments. So many vehicles to put your money in.Quote:
Originally Posted by Troy
I love it, the stock markets at all-time highs and the people are rejoicing, yet, their glee is misdirected. The idea is this, (oversimplification of a most complex subject) but, when you are working you buy into the market – so, you want the market to be at all-time lows, you get more shares for your cash.
Now, after you stop working and have built your nest egg, you will be taking distributions, this is the time(s) when you want the market at all-time highs, when you have to sell your shares.
But, yet, my friends can’t get a grasp on this concept – they love bragging about the/their 401k returns, while they are still working and contributing – so be it.
For myself, on a personal note – I’ve recently joined the ranks of the early retirees so I do want the market at all-time highs. But, I played my cards right, I’ve got a most adequate nest egg, I’m well diversified, my standard-of-living is most reasonable, my bucket list is empty, and I am in a word “content”.
Let the market swing wildly – the real show is in the peoples reactions to the market.
^ true So surprised when it swings :)
then the experts come on, "it's cyclical uhm hum..."
yaddayadda
have to agree,...errr red cominQuote:
Originally Posted by cyrille