SIGforum
Dow sell off pending?
September 20, 2021, 08:51 AM
LeemurDow sell off pending?
And at least partially due to a Chinese firm facing bankruptcy.
https://www.cnbc.com/2021/09/2...market-sell-off.htmlSeptember 20, 2021, 09:37 AM
old rugged crossNot just because of this. And not just the dow either imho. And no I am not timing the market thank you very much.
"Practice like you want to play in the game"
September 20, 2021, 09:48 AM
ulstermanThe market has been bumpy all month. Today is no exception.
September 20, 2021, 09:55 AM
ugeestaIt’s my fault. I convinced my wife to pull out some money from savings and put it in the market….
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September 20, 2021, 09:56 AM
ulstermanquote:
Originally posted by ugeesta:
It’s my fault. I convinced my wife to pull out some money from savings and put it in the market….
You break it, you buy it.
September 20, 2021, 09:58 AM
trapper189quote:
Originally posted by ugeesta:
It’s my fault. I convinced my wife to pull out some money from savings and put it in the market….
Let us know the next time you wash your car, so we can bring our umbrellas.
September 20, 2021, 10:05 AM
ulstermanOur accounts are down about 2% and it's still early.
Talked to our money manager. "Open a bottle of bourbon and hang on. It will hurt but you'll be OK."
September 20, 2021, 10:09 AM
smschulzCould open up some good opportunities too if you have some cash.
September 20, 2021, 10:16 AM
Flash-LBquote:
Originally posted by ulsterman:
Our accounts are down about 2% and it's still early.
Talked to our money manager. "Open a bottle of bourbon and hang on. It will hurt but you'll be OK."
Sage advice. The only people who will get hurt at those who panic and sell.
September 20, 2021, 10:17 AM
ulstermanquote:
Originally posted by smschulz:
Could open up some good opportunities too if you have some cash.
Yes.
September 20, 2021, 10:22 AM
monoblokquote:
Originally posted by Flash-LB:
quote:
Originally posted by ulsterman:
Our accounts are down about 2% and it's still early.
Talked to our money manager. "Open a bottle of bourbon and hang on. It will hurt but you'll be OK."
Sage advice. The only people who will get hurt at those who panic and sell.
Yup. Pullbacks and corrections come with the territory, regardless of the cause. Look at what happened in the aftermath with past market meltdowns. Funny how the market in general always seem to wind up stronger and more positive when we come out on the other side of these selloffs.
-MG
September 20, 2021, 10:34 AM
pedropcolaIf you sell make sure you have a plan to recognize when to buy back in. If you Market time using your gut you should be prepared to be disappointed.
September 20, 2021, 10:34 AM
nhracecraftThis market is due for a solid 10% (maybe even 15%) correction! Just Sayin'...
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September 20, 2021, 11:05 AM
ulstermanquote:
Originally posted by nhracecraft:
This market is due for a solid 10% (maybe even 15%) correction! Just Sayin'...
It is well on its way.
September 20, 2021, 11:24 AM
BBMWThe market needs a good cry. and I don't mind seeing the Chinese take it in the teeth a bit.
September 20, 2021, 11:35 AM
doublesharpI'm tracking JAZZ, PEBO, MO, WBA.
Nothing for sure but uncertainty so proceed with caution.
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September 20, 2021, 12:09 PM
ulstermanEverything is down. Just hang on.
September 20, 2021, 12:09 PM
ulstermanquote:
Originally posted by BBMW:
The market needs a good cry. and I don't mind seeing the Chinese take it in the teeth a bit.
Yep.
September 20, 2021, 12:17 PM
BBMWWhat I find interesting is that the US is generating no shortage of negative news, and the markets have largely shrugged it off. But China has problems, and they go into a tailspin.
September 20, 2021, 12:26 PM
ulstermanIf you look at Evergrande Group, their worth has been declining for the past year.