General Discussion

Sympthsical

(10,960 posts)

5. Was having a conversation about the market with a buddy three days ago

Mon Aug 5, 2024, 11:03 AM

Aug 2024

I'll just C&P exactly what I said.

"Will be curious to see what the Fed does. The market has been just kind of stupidly buoyant. You think, 'Ok, now it will correct.' And it does. For like ten seconds. Then back up it goes. To be honest, it feels like stock in general has been overinflated for awhile now. If there's a serious downturn in the near future, I won't be surprised."

CNBC, I am available for a contract!

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What's happening with the stock market is apparently a correction, not a crash, of overvalued stocks, mostly tech/AI. [View all] highplainsdem Aug 2024 OP

I always thought the S&P reflected the US economy. Emile Aug 2024 #1

It is simply the 500 most valuable companies tinrobot Aug 2024 #3

I always thought tech stocks were NASDAQ. Emile Aug 2024 #7

S&P 500 ETF Components Celerity Aug 2024 #16

'Thanks,' all my S+P's down. elleng Aug 2024 #34

Hmmm lonely bird Aug 2024 #39

Thanks. That was interesting to look at. Susan Calvin Aug 2024 #42

NASDAQ is the exchange where a lot of them are traded tinrobot Aug 2024 #36

Some posters will find this news disappointing, since hysteria and predictions of doom Ocelot II Aug 2024 #2

This would be a good day PennRalphie Aug 2024 #4

Was having a conversation about the market with a buddy three days ago Sympthsical Aug 2024 #5

The market goes up, the market goes down. It comradebillyboy Aug 2024 #6

Me too! Are we financial geniuses, or not? marybourg Aug 2024 #10

Take the correction now so the markets notemason Aug 2024 #8

..and their dreams of Crypto deregulation are fading... Chakaconcarne Aug 2024 #9

Some sectors are doing reasonably well. Hugin Aug 2024 #11

The powers that be want a rate cut Johonny Aug 2024 #12

A lot of this is program trading RussBLib Aug 2024 #13

I came in this morning and all of a sudden, people freaking, hire VP NOW!!! LizBeth Aug 2024 #14

Thinking about the markets with no coffee onboard. Prairie_Seagull Aug 2024 #18

lol.... LizBeth Aug 2024 #19

Look @ what Nikkei's been doing recently. elleng Aug 2024 #33

Thank you. obnoxiousdrunk Aug 2024 #15

BINGO !! NASDAQ down 12% DOW down 5% over last 5 days,... text book correction uponit7771 Aug 2024 #17

Correctomundo! SeanHG Aug 2024 #24

Looks like most of NASDAQ is profit taking from APPL and NVIDIA, if this was 11% down for top 20% I'd be more concerned uponit7771 Aug 2024 #27

I spent about 25 years in the investment business. It's not inflation, it's uncertainty about the election. ashredux Aug 2024 #20

My opinion is that the rich people will get richer and the unrich willl explain the details. twodogsbarking Aug 2024 #21

Thank you Maeve Aug 2024 #22

Ho-hum ramapo Aug 2024 #23

The Biggest Moron Of Them All Is Tr**p And This Is Playing Right Into His Hands....... global1 Aug 2024 #25

It's the combination of a lot of things Warpy Aug 2024 #26

The 10% correction is NASDAQ, DOW Jones is down only 1% IronLionZion Aug 2024 #28

dow down 2.+ elleng Aug 2024 #32

Tell this to the crazy click-bait wolf-crying media headline writers mdbl Aug 2024 #29

Largest daily point drops in DOW history: LetMyPeopleVote Aug 2024 #30

Third largest drop was 38.3 points. Points are meaningless Bernardo de La Paz Aug 2024 #46

'Just' a 'correction' away from the phony/artificial/crypto crap? elleng Aug 2024 #31

exactly - it's like -800 now - nothing but a blip samsingh Aug 2024 #35

And a chart of stock market trends Bettie Aug 2024 #37

I've been through many "crashes"... orwell Aug 2024 #38

It's been expected for awhile. jmbar2 Aug 2024 #40

I have been saying this for awhile BumRushDaShow Aug 2024 #41

Market has been way over-valued moniss Aug 2024 #43

After almost every tax giveaway Farmer-Rick Aug 2024 #44

The market is disappointed that President Biden is leaving Mr. Sparkle Aug 2024 #45