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Tue Oct 8, 2019, 08:14 PM

Markets took a beating today

Markets are closed!

DOW
26,164.04▼ -313.98

NASDAQ COMPOSITE INDEX
7,823.78▼ -132.52

S&P 500 INDEX
2,893.06▼ -45.73

CRUDE OIL
52.51▼ -0.24

8 replies, 1399 views

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Arrow 8 replies Author Time Post
Reply Markets took a beating today (Original post)
PupCamo Oct 2019 OP
MyOwnPeace Oct 2019 #1
Wounded Bear Oct 2019 #2
customerserviceguy Oct 2019 #4
Newest Reality Oct 2019 #3
PoindexterOglethorpe Oct 2019 #5
Awsi Dooger Oct 2019 #6
PoindexterOglethorpe Oct 2019 #8
NewJeffCT Oct 2019 #7

Response to PupCamo (Original post)

Tue Oct 8, 2019, 08:21 PM

1. Yea!!!!!

The "TRUMP ECONOMY" continues to win bigly!!!!!!! (GAWD, I HATE that M-F'er SO much!!!!)

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Response to PupCamo (Original post)

Tue Oct 8, 2019, 08:23 PM

2. Trump Slump, here we come...

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Response to Wounded Bear (Reply #2)

Tue Oct 8, 2019, 09:12 PM

4. He'll call it

an impeachment slump. It may be one of the reasons why he's been looking to get impeached.

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Response to PupCamo (Original post)

Tue Oct 8, 2019, 08:24 PM

3. Awww...

Poor markets! Wasn't there enough wealth for hedge fund managers?

Main street is taking a beating everyday. It's getting really bruised and bloody.

Just being as sarcastic as I can, I know that people's retirement funds are at stake, etc.

My tent is still holding up, so I am fine

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Response to PupCamo (Original post)

Tue Oct 8, 2019, 09:42 PM

5. Wow!

The Dow was down a frightening 1.19%, the Nasdaq a truly horrific 1.67%, and the S&P a similarly terrible 1.56%.

Clearly the apocalypse is upon us.

In reality, those numbers are not "took a beating today." They are well within normal ups and downs.

I'm also appalled at those here who cheer market drops, unless they are using them as buying opportunities. Just to cheer because you think only bad people will be hurt, have no idea that there are those who are not in the 1% who have investments, 401k plans, or Roth IRAs, or perhaps an actual pension plan that is invested in the market.

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Response to PoindexterOglethorpe (Reply #5)

Tue Oct 8, 2019, 09:54 PM

6. I was going to say...300 might have been huge a couple of decades ago

 

Or even 2008. Now it's merely a weak day within normal range.

I don't mind because I've been dollar cost averaging one mutual find every 2 weeks. This Friday is a buy day so I root for a dip.

Overall I would have been better off just dumping it all in at the beginning. That's typically how this works. But the every 2 weeks focus has kept me paying attention and I made a few moves that worked out but I otherwise might have missed.

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Response to Awsi Dooger (Reply #6)

Tue Oct 8, 2019, 10:44 PM

8. You might not have been better off dumping it all at the beginning.

There are always ups and downs in the market. Trying to time it is foolish. Your dollar cost averaging is a strategy that's going to pay off well in the long run.

Keep in mind, and everyone here should repeat this occasionally, the markets set new highs from time to time, but they never set new lows.

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Response to PupCamo (Original post)

Tue Oct 8, 2019, 10:01 PM

7. as an FYI, at year end 2017

the Dow closed at, 24,719

so, the Dow has only risen a measly 1,400 in nearly 2 years.

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