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Stocks keep sliding: Dow falls 600 points

serf
Could it be that time again soon?

serf

https://www.cnn.com/2018/10/10/investing/stock-market-today-techs-falling/index.html

Stocks are in the midst of a scary October slump, sliding sharply again on Wednesday because investors are worried about rising interest rates.
The Dow fell more than 600 points and dipped below 26,000 for the first time in a month. The S&P 500 was on track for its fifth straight decline. And tech stocks were getting hit particularly hard. The Nasdaq dropped 3.1%.
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Comments

19 comments

Date Votes
  • Sam06
    This happens every year. You can make money when stocks go down.


    CNN has been calling for a "Major Correction" for the last 2 years, ever since Trumpy was elected.

    I saw it reported today that CNN reports on Trumpy are 92% bad things. They are so upset they cannot say one good thing about him. Hell they talk about his BallPark Frank more than his policy.

    CNN is a frickin cartoon to me. I cannot watch it, same with Fox. I don't know who I would like to bitch slap more Cooper or the other queen on Fox.
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  • HandLoad
    Yeah, I saw that...have lost over $100K today...
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  • Don McManus
    quote:Originally posted by HandLoad
    Yeah, I saw that...have lost over $100K today...


    If you sold today, perhaps you lost.

    If you bought yesterday, that is.
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  • serf
    Inverted yield curve! Make more money in new financial instruments. I guess all the big stockholder people sold out their shares beforehand already. Italy could be the why the camel's back has broken.

    I bet those pension plans are hurting today.

    serf

    https://uk.investing.com/rates-bonds/italy-10-year-bond-yield

    3.540
    Italy 10-Year 3.540
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  • HandLoad
    In the more than Fifteen Years since I retired, My pile of Shekels in the Stock Market has gone +/- 50%...

    Not worried - I am in for the Long Haul, and have a generous portion of My blood,sweat, and tears in a variety of Other "Vehicles"
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  • Grasshopper
    My son made 1200 shorting Snapchat.Unlike me when I was his age he seems to know what he is doing. Yes, I know all the downfalls.
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  • HandLoad
    Futures say Down 1000+ tomorrow...
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  • Don McManus
    quote:Originally posted by HandLoad
    Futures say Down 1000+ tomorrow...


    I dumped a lot the last time the Dow was at 25,500 and it is still in cash. Perchance a buying opportunity in a week or so.
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  • wpage
    October blues...
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  • Rack Ops
    I like Trump, and I think his economic policy is the correct one, but I've been decreasing my stock holdings for about 6 months and moving into cash and bonds.

    The market is just too expensive right now.
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  • spasmcreek
    i never played the stock market ..i have done some simple puts and calls and forward sales contracts on grain markets..i even hired a marketing consultant to help...first year i doubled my profit...second year i lost it all ...fired him ..i can lose money without paying some one to do it...i have questions to answer.....how really safe is cash in a bank when ANY deposits are considered unsecured loans from you to the bank...and FDIC can only cover a small % of monies in banks...and are deposits in a credit union considered as the same since they have a form of insurance also ???...or cash out and hide it under the mattress next to the firearms
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  • mjrfd99
    quote:Originally posted by us55840
    quote:Originally posted by HandLoad
    Futures say Down 1000+ tomorrow...



    ???? the liberal commie demoncrats trying to destroy Trump's economic boom????

    [V]


    The traitorous rat pack has been since the day after the pig lost.
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  • wpage
    Once we understand its a game. Like poker its easier to understand losing in the market.
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  • grumpygy
    For a change this will not hurt me. Because of age my Plan switched to a more conservative line.
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  • Bubba Jr.
    So far it's up over 48 this morning.
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  • hillbille
    allways thought they went down right before each election.....
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  • droptop
    Got worse at end, however GOLD is up 3% so the panic isn't all that bad so far. DOW down 5% in two days.

    Big drop for bond/treasury yields, must also be uncertainty over the Nov. election. FUD, stock markets main motivator.
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  • mogley98
    Considering the market has gone straight up since 2008 it won't be so bad to shed a few thousand and reset.
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  • Rack Ops
    I had a pretty good day. FNV was up 7%. Took the sting out of some losses and then some
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