ANCFlyer From , joined Dec 1969, posts, RR: Reply 2, posted (6 years 2 months 3 weeks 1 day 18 hours ago) and read 1772 times:
Quoting TedTAce (Reply 1): The Joys of Greenspan saying the "R" word.
Hey, TedT, Greenspan is long retired you know . . . .
. . . . .
The ripples in the Chinese market are already being felt here. The market here was down over 150 points yesterday, and I suspect it'll drop more today.
Fortunately, there's not a chance of another "Black Monday" as there are automatic stop-gaps in place . . . at least that's what we're told. I guess we'll have to see what happens.
Regardless, as great as the market has been since the first of the year, it's due a correction anyway.
Pelican From Germany, joined Apr 2004, 2530 posts, RR: 8 Reply 3, posted (6 years 2 months 3 weeks 1 day 17 hours ago) and read 1736 times:
Not long and I start to worry, too. The DAX lost already 2,77 per cent. A slight correction down would be healthy but it could also start a stronger trend.
AGM100 From United States of America, joined Dec 2003, 5407 posts, RR: 18 Reply 5, posted (6 years 2 months 3 weeks 1 day 16 hours ago) and read 1721 times:
Yep, and its a good time to buy ! Not huge , but buy low people !
Or wait till it goes back up and buy high ... thanks
You dig the hole .. I fill the hole . 100% employment !
AGM100 From United States of America, joined Dec 2003, 5407 posts, RR: 18 Reply 7, posted (6 years 2 months 3 weeks 1 day 16 hours ago) and read 1711 times:
Quoting Pelican (Reply 6): Until then tough luck for those who haven't sold.
Yes , I have gotten wipped on a few myself... but thats gambleing.... I mean stock play..
You dig the hole .. I fill the hole . 100% employment !
Beaucaire From Syria, joined Sep 2003, 5252 posts, RR: 26 Reply 8, posted (6 years 2 months 3 weeks 1 day 13 hours ago) and read 1658 times:
as long as you don't sell you don't lose...
We'll have to watch the next three to five days if it is a longer-term movement or just a psychological hick-up..
But as usual,great time to re-enforce valid companies at great bargain prices.
AeroWesty From United States of America, joined Oct 2004, 18810 posts, RR: 64 Reply 9, posted (6 years 2 months 3 weeks 1 day 12 hours ago) and read 1634 times:
Well that was an interesting day. About an hour before the close, the Dow dropped 200 points in literally 30 seconds, but made up around 100-150 points of that in the last hour. China has to float their currency, this is just silly. Limits kicked in on the Shanghai, and when people couldn't sell what they wanted to sell, they sold what they could sell.
AsstChiefMark From , joined Dec 1969, posts, RR: Reply 10, posted (6 years 2 months 3 weeks 1 day 12 hours ago) and read 1630 times:
Tomorrow is going to be worse. There are loads of people who wanted to sell and couldn't. They'll do it right away in the morning and the fallout will last all day.
Beaucaire From Syria, joined Sep 2003, 5252 posts, RR: 26 Reply 11, posted (6 years 2 months 3 weeks 1 day 12 hours ago) and read 1612 times:
Investors that don't have the nerve to sustain some thunderstorms on the parquet should not invest in the stock-market.
There will be massive purchases right after the drop -top-100 companie's shares will become extremely affordable.
I wish I had liquidity to re-inforce where no-brainers opprotunities will come up.
There is no reason why companies like Mital -Arcelor steel will not recover within a short timeframe.
AeroWesty From United States of America, joined Oct 2004, 18810 posts, RR: 64 Reply 12, posted (6 years 2 months 3 weeks 1 day 12 hours ago) and read 1606 times:
Quoting Beaucaire (Reply 11): There is no reason why companies like Mital -Arcelor steel will not recover within a short timeframe.
That's what they said in 1929, too.
It all depends upon what this is. Is it a blip on the radar, or the harbinger of things to come. The only sure thing is that there are no sure things.
Jaws707 From United States of America, joined Aug 2001, 708 posts, RR: 1 Reply 13, posted (6 years 2 months 3 weeks 1 day 12 hours ago) and read 1606 times:
This is the one thing that drives me nuts about the market, is just how fast these things happen. I'm a fairly active trader, but I got blindsided today. I was expecting the market to go down, but not quite like this. Let me give you an example of how fast the market can act.
I own JWN (Nordstrom) Up until Fri the stock was amazing, making a slow and steady move to the upside. Fri it dropped more then 2%, so I knew something was up. Turns out they are reporting earnings Mon after the close, well Mon it dropped another 2.5% or so. Earnings were disappointing (1st time in forever with Nordstom) and the stock got leveled today, taking me from a nice gain to huge loss. Yeah, I'm a little upset.
Yellowstone From United States of America, joined Aug 2006, 3071 posts, RR: 7 Reply 14, posted (6 years 2 months 3 weeks 1 day 12 hours ago) and read 1600 times:
Quoting Beaucaire (Reply 11): Investors that don't have the nerve to sustain some thunderstorms on the parquet should not invest in the stock-market.
There will be massive purchases right after the drop -top-100 companie's shares will become extremely affordable.
I wish I had liquidity to re-inforce where no-brainers opprotunities will come up.
There is no reason why companies like Mital -Arcelor steel will not recover within a short timeframe.
Amen to that. The stock market has to be one of the few markets in the world where people get paranoid about the stuff they want to buy getting cheaper. One of the top rules in the stock market: Don't Panic!
Hydrogen is an odorless, colorless gas which, given enough time, turns into people.
AeroWesty From United States of America, joined Oct 2004, 18810 posts, RR: 64 Reply 15, posted (6 years 2 months 3 weeks 1 day 12 hours ago) and read 1590 times:
Quoting Jaws707 (Reply 13): Earnings were disappointing (1st time in forever with Nordstom) and the stock got leveled today, taking me from a nice gain to huge loss. Yeah, I'm a little upset.
That's why Sell Stop orders are useful. It's better to walk away with a little profit, instead of a loss.
"Bears and bulls prosper, but pigs are led to slaughter."
Beaucaire From Syria, joined Sep 2003, 5252 posts, RR: 26 Reply 16, posted (6 years 2 months 3 weeks 1 day 12 hours ago) and read 1589 times:
I bought airline-stocks but will of courrse not sell in panic but wait for the recovery-no reason why all of a sudden people would stop flying.
Same with comodity shares (steel,food,infrastructure buiding..) -just take it as one of these moments where you have to sit quiet and wait silently until the recovery comes.Worst thing is to sell when other sell in panic !
Kalakaua From United States of America, joined Jan 2004, 1516 posts, RR: 5 Reply 17, posted (6 years 2 months 3 weeks 1 day 12 hours ago) and read 1579 times:
I love it! I'm buying at the end of the week...
Gravity explains the motions of the planets, but it cannot explain who set the planets in motion.
AeroWesty From United States of America, joined Oct 2004, 18810 posts, RR: 64 Reply 18, posted (6 years 2 months 3 weeks 1 day 12 hours ago) and read 1578 times:
Quoting Beaucaire (Reply 16): Worst thing is to sell when other sell in panic !
What? You can also get out while the gettin's good, then buy it back cheaper when everyone else is done panicking. The only worst thing is not having a strategy.
AeroWesty From United States of America, joined Oct 2004, 18810 posts, RR: 64 Reply 19, posted (6 years 2 months 3 weeks 1 day 11 hours ago) and read 1557 times:
Wow, the 200-point decline at 3pm Eastern was due to the Dow computers going to a backup system, since their main computers couldn't maintain the volume, and it was reporting right at the time a major derivatives trade crossed. The results of the previous hour's trading all got reported at once.
PSA53 From United States of America, joined Aug 2003, 3004 posts, RR: 4 Reply 20, posted (6 years 2 months 3 weeks 1 day 11 hours ago) and read 1534 times:
Quoting AeroWesty (Reply 19): Wow, the 200-point decline at 3pm Eastern was due to the Dow computers going to a backup system, since their main computers couldn't maintain the volume, and it was reporting right at the time a major derivatives trade crossed. The results of the previous hour's trading all got reported at once.
I was caught in that chaos.I was on the Charles Schwab website and saw a lot of stocks start taking
a sharp nose dove.I sold RSH at 3:05EST but there was no acknowledgement of the trade until
3:16EST.Within that time frame,the website was inoperative and was pulling my hair out because
the shares were plummeting.I called CS,and they told me about the sell off and the Wall Street mess.
The DOW went -416.But I overall,thanks to RSH stock, I did very well
AeroWesty From United States of America, joined Oct 2004, 18810 posts, RR: 64 Reply 21, posted (6 years 2 months 3 weeks 1 day 11 hours ago) and read 1529 times:
Quoting PSA53 (Reply 20): I called CS,and they told me about the sell off and the Wall Street mess.
I'd look at my trade confirmation, and if they crossed it themselves and there was a better price at the time you entered your trade, assuming it was a market order, I'd ask for them to credit the price when you entered the order.
PSA53 From United States of America, joined Aug 2003, 3004 posts, RR: 4 Reply 22, posted (6 years 2 months 3 weeks 1 day 11 hours ago) and read 1522 times:
Quoting AeroWesty (Reply 21): I'd look at my trade confirmation, and if they crossed it themselves and there was a better price at the time you entered your trade, assuming it was a market order, I'd ask for them to credit the price when you entered the order.
Yes,and the CS people are looking at it and said I might get the credit.I sold at 25.10 at 3:06.But the
acknowlegdement@ 3:16 is at 24.89.We'll see what happens.
AeroWesty From United States of America, joined Oct 2004, 18810 posts, RR: 64 Reply 23, posted (6 years 2 months 3 weeks 1 day 10 hours ago) and read 1491 times:
Okay, if they're a market maker and/or did it as a principle trade (bought the stock from you themselves without a public customer on the other side), they owe you what their system showed you as the market price. That's where you'll need the paper copy of your trade confirmation to back you up, if they refuse it. Good luck with it!
Zone1 From United States of America, joined Jan 2005, 1033 posts, RR: 7 Reply 24, posted (6 years 2 months 3 weeks 1 day 10 hours ago) and read 1474 times:
I was really expecting this drop. Things were too high. I was thinking about buying Nasdaq 100 put options for the last week but never really did a directional trade with options before. Oh well! I did sell all of my Goldman Sachs yesterday morning. It's down $15 from when I sold it!
Right now all eyes are on the China open in a couple of hours. More selling could ensue because they closed the market early yesterday because it hit their circuit breakers.
Fly the best: Delta Air Lines & /// U N I T E D
25 MattRB: Riding this one out. The trend on all of my holdings, when looking at the big picture, is upwards. No need to panic and selloff. If you've got good,
26 AA787823: Why did you not post this last week? I could have moved my money. Thanks alot!
27 AeroWesty: For anyone waiting and watching, Shanghai opens at 8:30pm Eastern/5:30pm Pacific.
29 QANTAS077: got hit in the first hour of trading in Sydney, down 4% in current trading, mate of mine has been tuned down around $34000, mine is substantially more
30 N231YE: I wonder what exactly happened that caused investors/brokers/tradesmen etc. to take on a pessimistic feeling? Or is it the bubble beginning to burst..
31 AeroWesty: The news in the story below is generally accepted for the cause of the decline in the Chinese markets, causing a rippling effect around the globe:
32 QANTAS077: no bursting bubble in China...more to do with speculators & there is no tangible evidence of a slow down in the chinese economy. if the market dipped
33 N231YE: Thanks for that, that cleared things up...
34 AeroWesty: My pleasure. If anyone's looking for a way to track the Shanghai Composite Index, and doesn't have access to real-time quotes, this is a nice page, w
35 Zone1: Hang Seng just opened down 3.8%. Looks like the fun will continue tomorrow. Is it too late to buy QID?
36 PSA53: Thanks for the info.Nice to monitor. Everybody's talking about correction in the market since last week.It could be the China effect.Maybe not.Rememb
37 Zone1: I feel that the markets were too frothy around the world. They pretty much went straight up since the fall, and China was the worst. A 10% drop in Ch
38 AsstChiefMark: Stay away from the Dark Side. Avoid feeding the machine of treason. Mark
39 CaptOveur: I wouldn't say long retired.. But he is retired. He made a speech the other night forecasting a recession.. He kinda ran the Fed for the better part
40 KLM685: The effects were felt VERY deeply down here as well. Mexico City's stock exchange fell in it's lowest since the year 2000. Which is a lot of time now,
41 AeroWesty: It looks like the Shanghai closed for about 90 minutes midday today (I don't know offhand if that's normal or not), and when it reopened, it began to
43 Zone1: Dow is up nearly 100 points right now. I wouldn't say we are out of the woods yet, but it's a nice start.
44 AeroWesty: I'd say it's due to two factors. Shanghai was up 4% last night, and there's short-covering spurring buying activity. The market's only been open for
45 Prebennorholm: 1. An old Chinese businessman sneezed. 2. A young US housewife asked her even younger stockbroker husband: "Will ill Chinese businessmen continue to
46 PSA53: The answer is no.Charles Schwab said since it was a Wall Street glitch,their not responsible. How about a little insider trading?This link broke out
47 Zone1: Asia is selling off again today. http://finance.yahoo.com/intlindices?e=asia
48 Beaucaire: CAC 40 - 1,9 % DAX -1,7 % Another shitty day - but ,as said many times before- if you don't sell....
49 PSA53: Iceberg! Dead Ahead! At 11:10 PST,the Dow is -207.00. Ouch.
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