Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
|
||
|
||
But, I just read that some guy said the "stock market looks great to me". Another distortion of fact?
__________________
The further a society drifts from truth the more it will hate those who speak it. George Orwell. “Only truth and transparency can guarantee freedom”, John McCain |
|
#17
|
||
|
||
Quote:
I would proffer that to "distort" a fact, there needs to be at least...a grain of truth. With a 1,000 point drop of the DJIA, that grain of truth in "great"...does not exist in any form of the definition. |
#18
|
||
|
||
Quote:
|
#19
|
||
|
||
Quote:
And I'm one of the fortunate ones, who has benefited greatly...from the long-term rise in stock prices. I'm also (barely ) smart enough, to research the BIG picture and not rely on little snippets of confirmation bias...to guide my overall viewpoints. |
#20
|
||
|
||
Quote:
A poster posted this earlier..... "I can predict who enjoys the news most when the stock market drops. Hmmmmm." As i said, and nobody objected.......everyone likes when the market is up thus I really dont know why the discussion. It took a dive...that is worth discussion but seems the subject is going to be changed by those who feel they have that right and nobody else. Used to be, as I have often said.,..you could come to this forum and interact and learn from others. This area is always something I like to learn about but now days, it seems impossible because of other interests affecting posters and they need control |
#21
|
||
|
||
You need to keep this in perspective. A 1000 point drop when the DOW is at 28,000 is about 3%. Go back and look at how many 3% drops have happened in the past. It's just when the DOW was 5000 and dropped 150 points or 3% it didn't seem so bad. And as an investor you should care more about the S&P or the total stock market than the DOW. One big stock with a significant drop can swing the DOW way out of proportion. Total market drop was 3.29% and that is pretty high for one day. But what you really need to do is just one simple thing. Do nothing.
__________________
Life is to short to drink cheap wine. |
#22
|
||
|
||
No quick bounce today.
Hate to be a downer, but this dip might take months to recover. Hope I'm wrong.
__________________
Identifying as Mr. Helpful |
#23
|
||
|
||
Quote:
Do you think it has something to do with the financial impact of trade relating to the Corona Virus?
__________________
It is better to laugh than to cry. |
#24
|
||
|
||
The historic P/E ratio of the S&P 500 is 15.54. As of a few minutes ago it is 21.28. It's a long way to the bottom baby.
|
#25
|
||
|
||
Hopefully it returns in the next two weeks and someone pulls out my prior post and laughs at me. Hopefully.
__________________
Identifying as Mr. Helpful |
#26
|
||
|
||
Don't blink, but things aren't looking much better...right now.
|
#27
|
||
|
||
Quote:
Absolutely. Very emotional response lead by computer triggers. I don't think "we" have good numbers to determine the extent. Going to take some time to get effective drugs out. The good thing is it's less than a 5% hit right now. Remember..........with yesterday's sell-off, somebody was buying.
__________________
Identifying as Mr. Helpful |
#28
|
||
|
||
As of right now, between yesterday and today...the DOW loss is about 6.5%.
|
#29
|
||
|
||
And that is just the average P/E. I remember that at times The DOW P/E has been down to the high 7's, low 8's.
__________________
"No one is more hated than he who speaks the truth." Plato “To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine |
#30
|
||
|
||
Just another day in the neighbourhood. buy buy if you have some cash
|
Closed Thread |
|
|
Thread Tools | |