will the stockmarket CRASH monday? futures look UGLY

Discussion in 'Economics & Trade' started by trucker, Jun 26, 2016.

  1. Deckel

    Deckel Well-Known Member Past Donor

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    The pre-depression market trend pattern has repeated itself many times since then without actually being anything buy a blip on the radar. If anything, the record number of 401k's provide stability because it isn't like they can not hold stocks/bonds of some sort or the other, and we are only at peak government debt until next week when it will be higher but only until the week after that. I have at least been lucky for the moment because I sold my entire brokerage portfolio early this month. I won't go back into the market until after the election except for my 401K where I keep everything split 60-40 between emerging markets and equity funds. Can't say that I saw this specifically happening, but with the Brexit vote looming, some sketchy economic numbers, and the US presidential election, I felt that this would be a bad market year.
     
  2. Questerr

    Questerr Banned

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    Because Obama caused the Brexit?
     
  3. trucker

    trucker Well-Known Member Past Donor

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    or are sheep to the slaughter when the bottom falls out and the stocks take 20 years to recover like they didnt after the 29 crash
     
  4. Deckel

    Deckel Well-Known Member Past Donor

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    Maybe. The reality is there are winners and losers every day on the markets. Since I don't play with puts and such, I am strictly a present buyer and seller of actual shares. I was not very long in the market and had the good opportunity to sell off everything about a month before the 2008 crash. My dad was lucky enough to have sold out just before the tech bubble burst. He is the one who instilled in me that if you feel like the market is souring, get out. Don't try to pick winners and losers when the whole market is heading down. Wait for the bottom, and then rebuy the stocks you sold that are selling for less. Companies recover more readily than you will if you lose your shirt. Anyway, I will keep an eye on IPO's, but otherwise, I am out for awhile.
     
  5. trucker

    trucker Well-Known Member Past Donor

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    i see old pop, gave you a gift to know when to hold them and fold them.:smile:
     
  6. Hard-Driver

    Hard-Driver Well-Known Member Past Donor

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    Good luck with that.. usually, you just miss the recovery too... I'm thinking if the market is down 500 points Monday, it is a time to buy.
     
  7. Day of the Candor

    Day of the Candor Well-Known Member

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    I agree with you. I don't see how in 2016 this stock market should be a point higher then 13,000 at most. If you look at China and now at Europe plus no growth in the US you can see what I mean. With Hillary in there it isn't going to be one bit better and it may actually be even worse. A lot depends on how many more mistakes we go on making while we get rid of Obama and bring the Clintons back in.
     
  8. SailAway

    SailAway New Member

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    the cnn money markets had UK dropping 3.15% at the end of close friday and germany 6.8% and france at 6.2% proving that investors is seeing UK as the winner here
     
  9. trucker

    trucker Well-Known Member Past Donor

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    thats because Germany will be left holding the bag to finance the eu now
     
  10. Deckel

    Deckel Well-Known Member Past Donor

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    The P/E's for a lot of stocks are way out of kilter. It is one of the things I look at when buying a stock, putting more weight on that number than its trading history. I like stocks I can just buy and forget for awhile. these crazy P/E's scare me. I would put the real sustainable value of the market probably in the mid 14K range at best. We are seeing too much quantitative easing inflation in the stock market still.
     
  11. Deckel

    Deckel Well-Known Member Past Donor

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    I've never had to sell a stock for less than I paid for it, so it works for me. If the market is down 500 points, buy until your heart is content. Unless you are buying index/ETF's, you still need to find the right stocks to buy.
     
  12. Merwen

    Merwen Well-Known Member

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    The stock market has been in the 17,000's for months. If it fell by 700 it was from falling back from an artificial high, IMO.

    However, if there is a crash on Monday I wish someone would get on this thread and tell those of us who have no clue where the bargains might be found...after you make your own acquisitions, of course.
     
  13. SailAway

    SailAway New Member

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    the cnn money markets tries to compare apples to apples and not apples to oranges....the 250 is a different set of items to cover and would mislead if cnn had it as the stock to check in comparing france and germany again its the UK falling by 3.15%.. france by 6.2% and germany by 6.8%... this is the equal comparison that cnn money markets use to check nations stocks.. one can pick any group of stocks to make it look any way.. the difference is explained on google
     
  14. trucker

    trucker Well-Known Member Past Donor

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  15. Lowden Clear

    Lowden Clear Well-Known Member Past Donor

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    If the market crashes, Obama will save us just like he did last time. It turned out so well last time.
     
  16. trucker

    trucker Well-Known Member Past Donor

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    looks like the us stocks futures are only off a 100 points now

    http://www.cnbc.com/pre-markets/
     
  17. Ronstar

    Ronstar Well-Known Member Past Donor

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    my gut, which got me into the oil ETF and made me around $5,000, says that the markets will go down for several weeks, if not months.

    there is zero financial upside to Brexit. the rebuilding of trade walls is good for NO ONE's finances.

    the prospect of kicking out hundreds of thousands of EU workers, is very bad fopr Britian's economy.

    im now trying to decide if I sell all my investments, first thing tomorrow morning.

    i really didn't want this to happen.

    i see ZERO hope of anything good happening in regards to the markets, any time soon.

    :(
     
  18. politicalcenter

    politicalcenter Well-Known Member

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    I am so glad I am not in the markets anymore. The markets IMHO are insane. Stocks have little to do with anything more than what people are willing to pay for them. No company on earth lost the kind of money that was reflected in the market Friday. Playing the market is no more than gambling.
     
  19. trucker

    trucker Well-Known Member Past Donor

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    well the Nikkei+1.20%now but could just be a suckers rally,its going to take a week to see if the where the chips fall
     
  20. Ronstar

    Ronstar Well-Known Member Past Donor

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    what matters now, is the European markets.

    I am preparing to transfer EVERYTHING into US Long Term Treasuries and NY tax-free bonds.
     
  21. trucker

    trucker Well-Known Member Past Donor

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    Nikkei took a real dump any way of Friday off 7.9 percent, so it was more likely to level out today anyhow.
     
  22. Hedgology

    Hedgology Well-Known Member

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    Buying at All Time Highs, eh?

    Well, I've heard of dumber ways of losing money.
     
  23. Ronstar

    Ronstar Well-Known Member Past Donor

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    says no one.

    the hurt has just begun.

    Brexit is gonna (*)(*)(*)(*) the UK, in a big way.

    they won't see any financial benefits for YEARS
     
  24. trucker

    trucker Well-Known Member Past Donor

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    maybe
    lets see the Hang Seng and Shanghai Composite
    opens in 25 minutes will get a better picture then
     
  25. mbk734

    mbk734 Well-Known Member

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    This is a good time to buy/rebalance during temporary dips. I am a big fan of Vanguard Lifestrategy and Target Date Funds (in tax advantaged accounts) that automatically rebalance your stock/bond allocation.
     

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