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(1702880)

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Stocks in "correction territory"???

Posted by TransitChuckG on Thu Feb 27 10:45:03 2020

Stocks down sharply

Hold on , don't jump ship!

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(1702881)

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Re: Stocks in ''correction territory''???

Posted by Train Dude on Thu Feb 27 10:50:30 2020, in response to Stocks in "correction territory"???, posted by TransitChuckG on Thu Feb 27 10:45:03 2020.

At this point, there's nothing to do but ride it out.

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(1702883)

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Re: Stocks in ''correction territory''???

Posted by Dave on Thu Feb 27 11:02:47 2020, in response to Re: Stocks in ''correction territory''???, posted by Train Dude on Thu Feb 27 10:50:30 2020.



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(1702893)

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Re: Stocks in ''correction territory''???

Posted by WayneJay on Thu Feb 27 12:04:22 2020, in response to Stocks in "correction territory"???, posted by TransitChuckG on Thu Feb 27 10:45:03 2020.

Agreed! You gotta let it play out

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(1702912)

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Re: Stocks in ''correction territory''???

Posted by BILLBKLYN on Thu Feb 27 13:55:31 2020, in response to Re: Stocks in ''correction territory''???, posted by Train Dude on Thu Feb 27 10:50:30 2020.

I was going to say the same thing. By the time your changes would go in effect, it's already a few weeks frim now.

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(1702913)

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Re: Stocks in ''correction territory''???

Posted by BILLBKLYN on Thu Feb 27 13:55:40 2020, in response to Re: Stocks in ''correction territory''???, posted by WayneJay on Thu Feb 27 12:04:22 2020.

Me too

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(1702923)

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Re: Stocks in ''correction territory''???

Posted by JayZeeBMT on Thu Feb 27 14:15:48 2020, in response to Stocks in "correction territory"???, posted by TransitChuckG on Thu Feb 27 10:45:03 2020.

If the economy enters a recession (two consecutive quarters of negative growth), does Trump own it, or is that somehow retroactively Obama's fault? 🤔🤔🤔

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(1702924)

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Re: Stocks in ''correction territory''???

Posted by AlM on Thu Feb 27 14:20:40 2020, in response to Re: Stocks in ''correction territory''???, posted by JayZeeBMT on Thu Feb 27 14:15:48 2020.

It's obviously Obama's fault for surrendering to the Chinese and let them manufacture so many critical things for our economy, so that now when they have an epidemic our economy can't function correctly.

If Trump had been President in 2008, none of that would have happened.

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(1702927)

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Re: Stocks in ''correction territory''???

Posted by BILLBKLYN on Thu Feb 27 14:50:44 2020, in response to Re: Stocks in ''correction territory''???, posted by JayZeeBMT on Thu Feb 27 14:15:48 2020.

It's the kung flu

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(1702929)

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Re: Stocks in ''correction territory''???

Posted by https://salaamallah.com/ on Thu Feb 27 14:51:34 2020, in response to Stocks in "correction territory"???, posted by TransitChuckG on Thu Feb 27 10:45:03 2020.

WHERE IS DAVE

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(1702937)

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Re: Stocks in ''correction territory''???

Posted by ChicagoMotorman on Thu Feb 27 15:25:25 2020, in response to Re: Stocks in ''correction territory''???, posted by https://salaamallah.com/ on Thu Feb 27 14:51:34 2020.

TEXASSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS

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(1702941)

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Re: Stocks in ''correction territory''???

Posted by https://salaamallah.com/ on Thu Feb 27 15:35:12 2020, in response to Re: Stocks in ''correction territory''???, posted by ChicagoMotorman on Thu Feb 27 15:25:25 2020.

DALLAS DOES HAVE NICE RAIL THERE

OK PLACE TO VISIT

LIVE THERE NO

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(1702945)

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Re: Stocks in ''correction territory''???

Posted by BILLBKLYN on Thu Feb 27 16:02:42 2020, in response to Re: Stocks in ''correction territory''???, posted by https://salaamallah.com/ on Thu Feb 27 14:51:34 2020.

THERE WILL BE MANY POORER WHITE MALES!!!!

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(1702946)

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Re: Stocks in ''correction territory''???

Posted by https://salaamallah.com/ on Thu Feb 27 16:05:00 2020, in response to Re: Stocks in ''correction territory''???, posted by BILLBKLYN on Thu Feb 27 16:02:42 2020.

IF WHITE MALES ARE POOR BLACK PEOPLE ARE WORSE OFF

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(1702948)

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Re: Stocks in ''correction territory''???

Posted by Train Dude on Thu Feb 27 16:18:46 2020, in response to Re: Stocks in ''correction territory''???, posted by https://salaamallah.com/ on Thu Feb 27 16:05:00 2020.

Good

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(1702953)

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Re: Stocks in ''correction territory''???

Posted by Fisk Ave Jim on Thu Feb 27 16:50:32 2020, in response to Stocks in "correction territory"???, posted by TransitChuckG on Thu Feb 27 10:45:03 2020.

Now, its time to roll the dice. Do you sit tight & wait it out or take some $$$ (not any of the mortgage) & do some "bottom fishing" and look for bargains?

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(1702954)

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Re: Stocks in ''correction territory''???

Posted by AlM on Thu Feb 27 16:52:07 2020, in response to Re: Stocks in ''correction territory''???, posted by Fisk Ave Jim on Thu Feb 27 16:50:32 2020.

I just buy steadily for my 401(k). I've paid through the nose when stocks were high and gotten bargains when they were low. Trying to time the market is asking for high blood pressure.

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(1702955)

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Re: Stocks in ''correction territory''???

Posted by https://salaamallah.com/ on Thu Feb 27 16:56:39 2020, in response to Re: Stocks in ''correction territory''???, posted by Train Dude on Thu Feb 27 16:18:46 2020.

I KNOW THIS MAKES YOU HAPPY

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(1702981)

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Re: Stocks in ''correction territory''???

Posted by TransitChuckG on Thu Feb 27 18:37:55 2020, in response to Stocks in "correction territory"???, posted by TransitChuckG on Thu Feb 27 10:45:03 2020.

1,191 point drop for the Dow Jones, almost wiped out the previous year's gains.

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(1702986)

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Re: Stocks in ''correction territory''???

Posted by Train Dude on Thu Feb 27 18:54:14 2020, in response to Re: Stocks in ''correction territory''???, posted by JayZeeBMT on Thu Feb 27 14:15:48 2020.

It was just last week that Scumbama wanted to take credit for the Trump economic success.

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(1702992)

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Re: Stocks in ''correction territory''???

Posted by Jeff Rosen on Thu Feb 27 19:31:13 2020, in response to Stocks in "correction territory"???, posted by TransitChuckG on Thu Feb 27 10:45:03 2020.

"Hold on , don't jump ship!"

They said that in 1929

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(1702996)

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Re: Stocks in ''correction territory''???

Posted by Spider-Pig on Thu Feb 27 19:38:14 2020, in response to Re: Stocks in ''correction territory''???, posted by AlM on Thu Feb 27 16:52:07 2020.

I bought after the initial fall and got hosed today. But I had been waiting for a fall to buy more, so whatever. I’m still up on the year and that’s not counting my day trading activity which was quite lucrative.

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(1703005)

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Re: Stocks in ''correction territory''???

Posted by BILLBKLYN on Thu Feb 27 20:05:53 2020, in response to Re: Stocks in ''correction territory''???, posted by Jeff Rosen on Thu Feb 27 19:31:13 2020.

But I believe there are measures put in place to make sure that can't happen like that again.

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(1703008)

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Re: Stocks in ''correction territory''???

Posted by AlM on Thu Feb 27 20:13:12 2020, in response to Re: Stocks in ''correction territory''???, posted by BILLBKLYN on Thu Feb 27 20:05:53 2020.

Yep. Like the Federal Reserve can lower interest rates in times of recession, except when the President has strongarmed them into lower rates in good times so that they can't go down much further in a recession.

Or the government can regulate banks to prevent them taking on too much risk. Except when the banks successfully lobby the President to revoke those regulations.

And so on.

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(1703018)

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Re: Stocks in ''correction territory''???

Posted by https://salaamallah.com/ on Thu Feb 27 20:58:19 2020, in response to Re: Stocks in ''correction territory''???, posted by Train Dude on Thu Feb 27 16:18:46 2020.

YEAH TRAIN DUDE !!!!!

KILL ALL THE NIGGERS

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(1703025)

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Re: Stocks in ''correction territory''???

Posted by Train Dude on Thu Feb 27 21:11:12 2020, in response to Re: Stocks in ''correction territory''???, posted by https://salaamallah.com/ on Thu Feb 27 20:58:19 2020.

Now where did I say that, stymie?

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(1703032)

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Re: Stocks in ''correction territory''???

Posted by https://salaamallah.com/ on Thu Feb 27 21:22:09 2020, in response to Re: Stocks in ''correction territory''???, posted by Train Dude on Thu Feb 27 21:11:12 2020.

WORSE

YES !!!



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(1703040)

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Re: Stocks in ''correction territory''???

Posted by Jeff Rosen on Thu Feb 27 21:56:36 2020, in response to Re: Stocks in ''correction territory''???, posted by BILLBKLYN on Thu Feb 27 20:05:53 2020.

I said it in jest. I wasn't serious!

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(1703041)

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Re: Stocks in ''correction territory''???

Posted by BILLBKLYN on Thu Feb 27 22:08:49 2020, in response to Re: Stocks in ''correction territory''???, posted by Jeff Rosen on Thu Feb 27 21:56:36 2020.

Oh, ok. I didn't catch on

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(1703055)

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Re: Stocks in ''correction territory''???

Posted by jimmymc25 on Thu Feb 27 23:30:31 2020, in response to Re: Stocks in ''correction territory''???, posted by Fisk Ave Jim on Thu Feb 27 16:50:32 2020.

Right now....I'm doing nothing.

It's what I did last time & it turned out ok.

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(1703056)

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Re: Stocks in ''correction territory''???

Posted by jimmymc25 on Thu Feb 27 23:34:10 2020, in response to Re: Stocks in ''correction territory''???, posted by Jeff Rosen on Thu Feb 27 21:56:36 2020.

It seems people miss that a lot more these days.

Though I admit, the reason I caught it was cos I know your style.

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(1703078)

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Re: Stocks in ''correction territory''???

Posted by TransitChuckG on Fri Feb 28 09:39:32 2020, in response to Stocks in "correction territory"???, posted by TransitChuckG on Thu Feb 27 10:45:03 2020.

Dow Jones down -529 today, and wavering. Stay turned......

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(1703080)

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Re: Stocks in ''correction territory''???

Posted by AlM on Fri Feb 28 09:57:59 2020, in response to Re: Stocks in ''correction territory''???, posted by TransitChuckG on Fri Feb 28 09:39:32 2020.

Well, we're down to last April's level on the S&P.

Good thing for Trump he never takes credit for stock market advances.

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(1703081)

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Re: Stocks in ''correction territory''???

Posted by bingbong on Fri Feb 28 10:03:26 2020, in response to Re: Stocks in ''correction territory''???, posted by JayZeeBMT on Thu Feb 27 14:15:48 2020.

In this case,absolutely.

He keeps claiming his policies are bringing back millions of manufacturing jobs. That has NOT happened. Even then, China especially as well as many Asian countries, are a major links in the supply chain for domestic manufacturing (what there is of it).


I am absolutely supporting Sen Warrens bill that takes all trumps wall funding and redirects it to contending with this disease.

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(1703083)

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Re: Stocks in ''correction territory''???

Posted by Train Dude on Fri Feb 28 10:19:34 2020, in response to Re: Stocks in ''correction territory''???, posted by AlM on Fri Feb 28 09:57:59 2020.

Amazing how many so called Americans are rooting against their own country for petty partisan gains.

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(1703084)

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Re: Stocks in ''correction territory''???

Posted by Train Dude on Fri Feb 28 10:21:01 2020, in response to Re: Stocks in ''correction territory''???, posted by bingbong on Fri Feb 28 10:03:26 2020.

Warren, LOL. A loser for losers

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(1703086)

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Re: Stocks in ''correction territory''???

Posted by JayZeeBMT on Fri Feb 28 10:22:52 2020, in response to Re: Stocks in ''correction territory''???, posted by Train Dude on Fri Feb 28 10:19:34 2020.

How is stating the facts as they occur = "rooting against America"?

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(1703087)

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Re: Stocks in ''correction territory''???

Posted by JayZeeBMT on Fri Feb 28 10:28:29 2020, in response to Re: Stocks in ''correction territory''???, posted by TransitChuckG on Fri Feb 28 09:39:32 2020.

Right now, 🔻-944.23.

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(1703088)

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Re: Stocks in ''correction territory''???

Posted by BILLBKLYN on Fri Feb 28 10:30:29 2020, in response to Re: Stocks in ''correction territory''???, posted by Train Dude on Fri Feb 28 10:19:34 2020.

You know what? It's not just on this board. It's everywhere else. People are happy that everyone's losing money just because orange man bad. And when you try to explain that this is a global pandemic and not because the United States, they still blame Trump anyway

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(1703089)

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Re: Stocks in ''correction territory''???

Posted by JayZeeBMT on Fri Feb 28 10:33:07 2020, in response to Re: Stocks in ''correction territory''???, posted by BILLBKLYN on Fri Feb 28 10:30:29 2020.

Waitaminnit... didn't Trump claim complete ownership of the market when it was booming?

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(1703090)

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Re: Stocks in ''correction territory''???

Posted by TransitChuckG on Fri Feb 28 10:35:11 2020, in response to Re: Stocks in ''correction territory''???, posted by JayZeeBMT on Fri Feb 28 10:33:07 2020.

Dow Jones down almost 1000 points, today!

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(1703091)

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Re: Stocks in ''correction territory''???

Posted by AlM on Fri Feb 28 10:36:04 2020, in response to Re: Stocks in ''correction territory''???, posted by BILLBKLYN on Fri Feb 28 10:30:29 2020.

I definitely do not blame Trump for this market correction.

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(1703092)

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Re: Stocks in ''correction territory''???

Posted by WayneJay on Fri Feb 28 10:36:30 2020, in response to Re: Stocks in ''correction territory''???, posted by Fisk Ave Jim on Thu Feb 27 16:50:32 2020.

I think if I'm one who had some $$$ in the market that I was planning to cash out in the short term 1-12 months... I'd seriously consider bailing at this point. In for the long haul... Sit tight and hope (and pray) for the best.

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(1703094)

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Re: Stocks in ''correction territory''???

Posted by JayZeeBMT on Fri Feb 28 10:37:32 2020, in response to Re: Stocks in ''correction territory''???, posted by TransitChuckG on Fri Feb 28 10:35:11 2020.

...and it's not even lunchtime yet...

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(1703095)

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Re: Stocks in ''correction territory''???

Posted by WayneJay on Fri Feb 28 10:38:29 2020, in response to Re: Stocks in ''correction territory''???, posted by Jeff Rosen on Thu Feb 27 19:31:13 2020.

They said that in 1929

Yeah, then they jumped out of windows, instead.

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(1703096)

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Re: Stocks in ''correction territory''???

Posted by AlM on Fri Feb 28 10:39:59 2020, in response to Re: Stocks in ''correction territory''???, posted by WayneJay on Fri Feb 28 10:36:30 2020.

If you're a retiree slowly cashing out your IRA, what I would recommend is to cap your withdrawals at 1/2% per month* of the total balance. That may hurt if the total balance goes down a lot, but it will preserve your capital for the future.

If you withdraw (and spend) a fixed dollar amount rather than a percentage, then when the market goes back up you will have lost money. But if you withdraw a fixed percentage, fluctuations don't kill you.

* Based on long term expected returns (hopefully) of 6%.

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(1703098)

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Re: Stocks in ''correction territory''???

Posted by 3-9 on Fri Feb 28 10:41:11 2020, in response to Re: Stocks in ''correction territory''???, posted by AlM on Fri Feb 28 10:39:59 2020.

Thanks! That's interesting advice.

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(1703099)

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Re: Stocks in ''correction territory''???

Posted by Spider-Pig on Fri Feb 28 10:45:50 2020, in response to Re: Stocks in ''correction territory''???, posted by Train Dude on Fri Feb 28 10:19:34 2020.

I’m rooting for America by rooting against Trumpistan.

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(1703101)

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Re: Stocks in ''correction territory''???

Posted by Spider-Pig on Fri Feb 28 10:46:22 2020, in response to Re: Stocks in ''correction territory''???, posted by AlM on Fri Feb 28 10:36:04 2020.

I do but only to the extent he took credit for its gain.

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(1703102)

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Re: Stocks in ''correction territory''???

Posted by Dave on Fri Feb 28 10:46:52 2020, in response to Re: Stocks in ''correction territory''???, posted by TransitChuckG on Fri Feb 28 10:35:11 2020.

Stop exaggerating. It's down only 998 points....

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