Silver getting crushed today

Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.

  1. Clawcoins

    Clawcoins Well-Known Member

    oops, make that 800+ point slide

    that's gonna hurt the mutual funds.
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  3. longnine009

    longnine009 Most Exalted Excellency

    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.
    Last edited: Oct 11, 2018 at 7:47 AM
  4. mikem2000

    mikem2000 Lost Cause

    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.
  5. mikem2000

    mikem2000 Lost Cause

  6. longnine009

    longnine009 Most Exalted Excellency

    Thanks Mike. Here's another NO EXCEPTIONS: everything does until it doesn't.
  7. mikem2000

    mikem2000 Lost Cause

    Its an odds things. Why bet the hard 8?
  8. longnine009

    longnine009 Most Exalted Excellency

    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?
  9. Mr. Flute

    Mr. Flute Well-Known Member

    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.

    mikem2000 likes this.
  10. mikem2000

    mikem2000 Lost Cause

    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???
  11. longnine009

    longnine009 Most Exalted Excellency

    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?
    Last edited: Oct 11, 2018 at 5:23 PM
  12. longnine009

    longnine009 Most Exalted Excellency

    Last edited: Oct 13, 2018 at 10:18 AM
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