Silver getting crushed today

oops, make that 800+ point slide



that's gonna hurt the mutual funds.

 

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At times like this it is so amusing to look at photos of people on wall street. Yeah, they can beat their chests and blow wind about "climbing the wall of worry" when things are down 50 points. When they are down 800 points they don't look or so commando-like anymore do they? They look like they're prepping to dump a loaf in their undies.

 

Maybe... but when you seen this as much as I have, you don't even blink. This rout could get worse with the possibility of it getting much worse, as nobody know for sure. There have been 47 recessions in the US with market routs much larger than this little blip, and the one thing they all have in common is the market ALWAYS recovers, NO EXCEPTIONS.

 

double post

 

Thanks Mike. Here's another NO EXCEPTIONS: everything does until it doesn't.

 

Its an odds things. Why bet the hard 8?

 

I'm not betting either way; I'm just here to make fun of it and laugh at the excuses-- rising bond yields and interest rates. Really, they just noticed that?

 

Yep. The Dow is still at a historic high and even ~11,000 points higher than the pre-2008 meltdown peak. And if you invested at the Great Recession low, you're rolling in it, so to speak.

So...relax

 

Longnine, everyone "bets" with their financial future even if they do nothing. No matter what your choices (and doing nothing is a choice) has both risk and possible reward.

BTW, I also find it comical about the excuses, we have known about the rising bond yields for quite some time, so what makes this week so special???

 

I don't know either. It's not like the world has a lot of sane choices as to where to put their money, aside from PM's, IMHO.

That wall is looking mighty tall. Maybe Elon can use his creative genius, and taxpayer dollars, to build motorized pogo sticks?

 

This just in!!!!! Jamie has expressed his concern about rising interest rates and geopolitical tensions. And, no doubt, dazzled the room with this bwain pearl:

"...If rates go up because you have inflation, that is not a plus. That's a bad thing."

https://www.cnbc.com/2018/10/12/jam...tical-issues-bursting-all-over-the-place.html

 

Well, finally, it'a ll rushing back. A big rush back into "safe havens" is occurring








US STOCK MARKET FUTURES



US DOLLAR INDEX - even though the dollar is still strong, the market is shifting due to upcoming profit pressures. Euro, Asia all having issues

 

3M and Caterpillar results didn’t please Wall Street this morning. We may be — or have passed — the peak of this economic cycle. China tariffs ain’t helping, either.

 

Yeah, I was just reading about 3m and Caterpillar. CAT was my economic bellweather tracking stock decades ago before China started constructing everything before the their Olympics. I was wondering how long the China market surge was going to last. I had pulled out most of my Mutual Funds accts into Cash type accts already as it looks like we're on a downwards trend. So kinda hoping it keeps trending downwards for a couple more weeks before I reenter.

Maybe McDonalds will pull the market up ... lol

 

If McDonalds doesn’t pull the market up, it will still pull on your stomach. I’ve been trimming my holdings to the core, although I added a small position this morning.

 

Music?

 

I feel it is the wrong time to make major changes by buying stocks on the downslide for the next 3 weeks or so. Selling bullion on the upward movement seems much safer than buying more expecting it to continue to $20+. If it did , it would be a bad thing, a very bad thing, IMO.

 

delete

 

I don't buy on the downslide.
I watch, analyze over and over the global markets and identifiers before I reenter, which usually is during an upslide.

Of course, I've gotten out at the wrong times too and the markets have kept climbing. And the opposite has happened too. Of which then I recognize my mistake and reenter/reexit the markets.

Can't be 100% correct all the time but it certainly makes me sleep better at night.

 

I would not be trying to time this equities market. There is just too many balls in the air on this one.