The stock market

[Dom]

Markets
November 20, 10:56 AM EST

[/url]Dow Jones Industrial Average
DOW
24,675.71

▼ 341.73 (1.37%)


NASDAQ Composite
NASDAQ
6,986.11

▼ 42.37 (0.60%)


[url=https://www.bing.com/search?q=S%26P+500+Index]S&P 500 Index
S&P 500
2,666.67

▼ 24.06 (0.89%)




Stock market skid intensifies, erasing 2018 gains for Dow, S&P 500 and Nasdaq

The selling pressure was again focused in the hard-hit technology sector, where shares of all the so-called FAANG stocks -- Facebook, Apple, Amazon, Netflix and Google parent Alphabet -- were all lower. All five stocks, which had been leading the market higher during the bull market, are now down more than 20 percent from their highs in the past year, which puts them in bear-market territory. The biggest decliners are Facebook, which has been hounded by data privacy issues, down more than 40 percent from its recent peak, and Netflix, which is off nearly 38 percent.

After a long period where investors made money by buying stocks after a sizable swoon -- a strategy known as "buying the dips" -- that strategy is no longer working, adds Joe Quinlan, chief market strategist at U.S. Trust.

"Investors are not buying the dips," he told USA TODAY.

https://www.usatoday.com/story/money/201...064956002/

[Yonadav]

Markets
November 20, 10:56 AM EST

[/url]Dow Jones Industrial Average
DOW
24,675.71

▼ 341.73 (1.37%)


NASDAQ Composite
NASDAQ
6,986.11

▼ 42.37 (0.60%)


[url=https://www.bing.com/search?q=S%26P+500+Index]S&P 500 Index
S&P 500
2,666.67

▼ 24.06 (0.89%)




Stock market skid intensifies, erasing 2018 gains for Dow, S&P 500 and Nasdaq

The selling pressure was again focused in the hard-hit technology sector, where shares of all the so-called FAANG stocks -- Facebook, Apple, Amazon, Netflix and Google parent Alphabet -- were all lower. All five stocks, which had been leading the market higher during the bull market, are now down more than 20 percent from their highs in the past year, which puts them in bear-market territory. The biggest decliners are Facebook, which has been hounded by data privacy issues, down more than 40 percent from its recent peak, and Netflix, which is off nearly 38 percent.

After a long period where investors made money by buying stocks after a sizable swoon -- a strategy known as "buying the dips" -- that strategy is no longer working, adds Joe Quinlan, chief market strategist at U.S. Trust.

"Investors are not buying the dips," he told USA TODAY.

https://www.usatoday.com/story/money/201...064956002/

The age of buyback fever is yet another thing that is probably going to completely dink us all. Here is a very good article about the collateral damage of buyback fever. The economy is cooling, and I am really wondering to what extent buyback fever has been leveraged.

https://seekingalpha.com/article/4202630...k-buybacks

[Alan V]

My IRA lost $20,000 this year.

[Yonadav]

My IRA lost $20,000 this year.

I'm sorry. It's a nerve-wracking time for retired people who are depending on the value of their assets.  Losses in value are a double whammy for anyone who is taking disbursements from their portfolio.

[Dom]

My IRA lost $20,000 this year.

[Dom]

Markets
December 4, 1:57 PM EST

Dow Jones Industrial Average
DOW
25,199.86
▼ 626.57 (2.43%)

NASDAQ Composite
NASDAQ
7,245.55
▼ 195.96 (2.63%)

S&P 500 Index
S&P 500
2,722.38
▼ 67.99 (2.44%)

[Dom]

Markets
December 10, 12:19 PM EST

Dow Jones Industrial Average
DOW
24,023.32
▼ 365.63 (1.50%)

NASDAQ Composite
NASDAQ
6,927.46
▼ 41.80 (0.60%)

S&P 500 Index
S&P 500
2,596.65
▼ 36.43 (1.38%)

[brewerb]

Looking at the daily changes will drive you nuts. Pull 1 and 5 year results, you'll freak out a whole lot less.

[TheGentlemanBastard]

Sydney Stock Exchange installs its first computer—the IBM1460
from Canada. Delivered in seven sections, the heaviest part
weighing almost three-quarters of a ton (1964)

I was repairing the Honeywell versions of all that in 1989 in the Army. Someone convinced Uncle Sam back in 1964 to sign off on a 40-year maintenance contract for all that crap. 35 years later, they were still using it because the cost of repair (as well as buying out that contract) was less than the cost of replacement.  I would have loved to be the guy who got the replacement contract in 2004. I would imagine it's the last job he ever had to bid.

[Dom]

Looking at the daily changes will drive you nuts. Pull 1 and 5 year results, you'll freak out a whole lot less.

That's what I used to do when I was still in the market.

[brewerb]

Looking at the daily changes will drive you nuts. Pull 1 and 5 year results, you'll freak out a whole lot less.

That's what I used to do when I was still in the market.

Where ya got your money parked now?

[Dom]

Looking at the daily changes will drive you nuts. Pull 1 and 5 year results, you'll freak out a whole lot less.

That's what I used to do when I was still in the market.

Where ya got your money parked now?

Under my matrass.


I'm retired and started spending it. I actually stayed in the market well past the normal comfort level (regarding age) and rode it up until it started fluctuating. I just have CDs now. I am too old for that shit, I had a really good run, having bought when the internet bubble hit. Now it's time to relax about it, but I still watch a bit. 

I assume you are with both feet in the market?

[brewerb]

That's what I used to do when I was still in the market.

Where ya got your money parked now?

Under my matrass.


I'm retired and started spending it. I actually stayed in the market well past the normal comfort level (regarding age) and rode it up until it started fluctuating. I just have CDs now. I am too old for that shit, I had a really good run, having bought when the internet bubble hit. Now it's time to relax about it, but I still watch a bit. 

I assume you are with both feet in the market?

Not quite  both feet, but enough to keep my adviser/broker busy. There are some CD's, annuities, real estate, hookers,...................

[Dom]

Where ya got your money parked now?

Under my matrass.


I'm retired and started spending it. I actually stayed in the market well past the normal comfort level (regarding age) and rode it up until it started fluctuating. I just have CDs now. I am too old for that shit, I had a really good run, having bought when the internet bubble hit. Now it's time to relax about it, but I still watch a bit. 

I assume you are with both feet in the market?

Not quite  both feet, but enough to keep my adviser/broker busy. There are some CD's, annuities, real estate, hookers,...................

Good deal. Needs blow! 

[EvieTheAvocado]

(have to go to YouTube to watch that second one).

[brewerb]

Under my matrass.


I'm retired and started spending it. I actually stayed in the market well past the normal comfort level (regarding age) and rode it up until it started fluctuating. I just have CDs now. I am too old for that shit, I had a really good run, having bought when the internet bubble hit. Now it's time to relax about it, but I still watch a bit. 

I assume you are with both feet in the market?

Not quite  both feet, but enough to keep my adviser/broker busy. There are some CD's, annuities, real estate, hookers,...................

Good deal. Needs blow! 

No! Hookers only get me misdemeanors. Got to retain my right to vote.

[Dom]

Markets
December 20, 9:33 AM EST

Dow Jones Industrial Average
DOW
23,123.36
▼ 200.30 (0.86%)

NASDAQ Composite
NASDAQ
6,627.35
▼ 9.48 (0.14%)

S&P 500 Index
S&P 500
2,497.87
▼ 9.09 (0.36%)

[Gawdzilla Sama]

Stock Market headed for the worst year since ... the last time we had a GOP president.

[Dom]

Markets
December 20, 1:45 PM EST


Dow Jones Industrial Average
DOW
22,897.89
▼ 425.77 (1.83%)

NASDAQ Composite
NASDAQ
6,462.57
▼ 174.26 (2.63%)

S&P 500 Index
S&P 500
2,464.75
▼ 42.21 (1.68%)

[Dom]

I just heard on the news that this was the worst December on Wallstreet since the great depression.

[RobbyPants]

I just heard on the news that this was the worst December on Wallstreet since the great depression.

Since 2008

[Dom]

I just heard on the news that this was the worst December on Wallstreet since the great depression.

Since 2008

 Ah, I misheard. The great recession.

[julep]

I just heard on the news that this was the worst December on Wallstreet since the great depression.

Since 2008

 Ah, I misheard. The great recession.

No, you heard correctly.  I have seen more than one story that it’s the worst December since 1931. The story cited was for a week, not the whole month.

[Fireball]

I have to hand it to my money peops. They've moved a fair amount of my money out of the riskier stocks over the past several months. More cash on hand (which I'm not needing to tap into, yet) so that it doesn't go down the rabbit hole.

[Dom]

Markets
December 24, 11:51 AM EST


Dow Jones Industrial Average
DOW
22,009.59
▼ 435.78 (1.94%)

NASDAQ Composite
NASDAQ
6,261.53
▼ 71.47 (1.13%)

S&P 500 Index
S&P 500
2,373.11
▼ 43.51 (1.80%)