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-   -   Most likely big stock market drop tomorrow (https://www.talkofthevillages.com/forums/investment-talk-158/most-likely-big-stock-market-drop-tomorrow-257593/)

TNGary 03-06-2018 07:32 PM
Most likely big stock market drop tomorrow
 
Gary Cohen resigned, top economic advisor to President as Cohen did not support steel and AL tariffs. Suspect Wed March 07 will be an ugly day in the market. Stocks are where many of us keep our savings, brace yourself. I hope my prediction is totally wrong by the way

Villagesperson 03-06-2018 07:39 PM
Quote:
Originally Posted by TNGary (Post 1521253)
Gary Cohen resigned, top economic advisor to President as Cohen did not support steel and AL tariffs. Suspect Wed March 07 will be an ugly day in the market. Stocks are where many of us keep our savings, brace yourself. I hope my prediction is totally wrong by the way
DOW futures already down over 300 points. He was considered the moderating factor.

vintageogauge 03-06-2018 07:39 PM
Think positive, tomorrow late day should be a good time to pick up some bargains but don't wait too long. As long as you don't have to sell watch it drop and then buy.

Villagesperson 03-06-2018 07:42 PM
I believe it is down over 1100 points in last 3 trading days.

rustyp 03-06-2018 07:51 PM
Quote:
Originally Posted by Villagesperson (Post 1521266)
I believe it is down over 1100 points in last 3 trading days.
The DJI is up +346 over the last three trading days.

retiredguy123 03-06-2018 07:58 PM
Who cares? What the stock market does in a day or two is totally irrelevant to a serious investor. If you care about this, go to a casino.

villagerjack 03-06-2018 08:08 PM
This will be a blip and likely a good opportunity to buy. “Flash Boys” will take their usual advantage but over time, stock are priced on factors other than who is the Chief Economic Advisor. Cohn is a Democrat and has globalist ideas in conflict with the President. He will be replaced and the market will recover.

ColdNoMore 03-06-2018 08:50 PM
We'll just have to steel ourselves for a potential drop in our stock holdings.


I do have a bit of empathy though, for those who will soon be paying more...for their tin foil hats. :D

Wiotte 03-06-2018 09:06 PM
Quote:
Originally Posted by ColdNoMore (Post 1521297)
We'll just have to steel ourselves for a potential drop in our stock holdings.


I do have a bit of empathy though, for those who will soon be paying more...for their tin foil hats. :D


Tin isn’t on the tariff list.



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vintageogauge 03-06-2018 09:31 PM
Quote:
Originally Posted by Wiotte (Post 1521303)
Tin isn’t on the tariff list.



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Tin Foil is, as we all know, an old generic name for aluminum foil. I for one am in favor of the tariffs on steel in particular.

ColdNoMore 03-06-2018 09:55 PM
Quote:
Originally Posted by vintageogauge (Post 1521307)
Tin Foil is, as we all know, an old generic name for aluminum foil. I for one am in favor of the tariffs on steel in particular.
Thanks for explaining, what I never even imagined...would need explaining. :oops:




And yes, I know the history/difference between 'tin' foil and 'aluminum' foil.

Wiotte 03-06-2018 11:27 PM
This is the reason I love TOTV, I can learn so much !


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Wiotte 03-06-2018 11:33 PM
Quote:
Originally Posted by vintageogauge (Post 1521307)
Tin Foil is, as we all know, an old generic name for aluminum foil. I for one am in favor of the tariffs on steel in particular.


Back in the day, IBM headquarters at 590 Madison Ave in NYC had painted on it’s brick side about 20 stories up the following motto...”WORLD PEACE THROUGH WORLD TRADE”.
NOTHING about trade wars.


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TOTV Newbie 03-07-2018 01:31 AM
Quote:
Originally Posted by TNGary (Post 1521253)
Gary Cohen resigned, top economic advisor to President as Cohen did not support steel and AL tariffs. Suspect Wed March 07 will be an ugly day in the market. Stocks are where many of us keep our savings, brace yourself. I hope my prediction is totally wrong by the way
Could be another great buying opportunity. :pepper2:


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