Author Topic: Dow Crash Coming To Your 401k (Part 2) (Read 24217 times)

Neurotoxin · « **on:** October 18, 2016, 08:27:49 AM »

Just an early warning to GBers who are invested.

-NT

Soul Crusher · « **Reply #1 on:** October 18, 2016, 08:32:36 AM »

Quote from: Neurotoxin on October 18, 2016, 08:27:49 AM

Just an early warning to GBers who are invested.

-NT

yikes - last time you made a post like this . . . . . .

Yamcha · « **Reply #2 on:** October 18, 2016, 08:36:58 AM »

It's overdue.

Thin Lizzy · « **Reply #3 on:** October 18, 2016, 08:37:51 AM »

I don't know the extent of a downturn, but, the market is very weak internally. Many of stocks that led the rally have already pulled back to levels that are more than just a correction.

An example is Gilead Sciences. It peaked at about 120 and is now ~75. I can point to many others.

I took a cash position at the beginning of 2016 and haven't regretted it for a second.

The market has been pretty docile for the past few months, IMO, because of uncertainty about the election. After that's done, I'm expecting fireworks.

TuHolmes · « **Reply #4 on:** October 18, 2016, 11:41:30 AM »

What bubble do you feel is bursting right now?

Anyone can make money if we can offset the pop.

Neurotoxin · « **Reply #5 on:** October 21, 2016, 05:51:53 AM »

Critical market support: Dow 17,992.00
S&P: 2,119

If breached we head much lower.

-NT

Thin Lizzy · « **Reply #6 on:** October 28, 2016, 07:00:16 AM »

This was one of the best performing stocks in the post crisis Bull Market.

Down 25% today:

MCK: Summary for McKesson Corporation Common Sto - Yahoo Finance

https://finance.yahoo.com/quote/MCK?p=MCK

Neurotoxin · « **Reply #7 on:** October 28, 2016, 01:01:02 PM »

Market continues to hold support while waiting on election results. I anticipate a large selloff if Trump were to be victorious. If Hillary should win, I would expect a short term bounce which will ultimately fail. Either way we will head lower imo.

-NT

Neurotoxin · « **Reply #8 on:** November 02, 2016, 11:15:32 AM »

Quote from: Neurotoxin on October 21, 2016, 05:51:53 AM

Critical market support: Dow 17,992.00
S&P: 2,119

If breached we head much lower.

-NT

Thin Lizzy · « **Reply #9 on:** November 02, 2016, 12:37:19 PM »

That Fed announcement at 2 took it out. It's been a great month so far.

It did bounce back but the rallies are being launched from lower levels.

Erik C · « **Reply #10 on:** November 02, 2016, 12:46:26 PM »

When Trump is elected, the establishment will tank the stock market, however, it will be the best buying opportunity since 2009, for both me, and the establishment!

Slapper · « **Reply #11 on:** November 03, 2016, 07:26:25 PM »

Neurotoxin, do you have a sense of the magnitude of the crash?

I don't foresee it being worse than 2007.

Neurotoxin · « **Reply #12 on:** November 05, 2016, 08:21:20 PM »

Quote from: Neurotoxin on October 18, 2016, 08:27:49 AM

Just an early warning to GBers who are invested.

-NT

Tick tock ........

-NT

avxo · « **Reply #13 on:** November 06, 2016, 12:08:44 AM »

I'm up +8.18% YTD. Long term nothing beats holding a broad market-based index NLNF fund.

Thin Lizzy · « **Reply #14 on:** November 07, 2016, 06:13:39 PM »

Market had a big day on news that the investigation conclusions remained the same.

Those who follow this shit, will remember that the market also had a big rally leading up to the Brexit vote off a Poll which favored "Remain."

SOMEPARTS · « **Reply #15 on:** November 07, 2016, 08:18:18 PM »

Quote from: Thin Lizzy on November 07, 2016, 06:13:39 PM

Market had a big day on news that the investigation conclusions remained the same.

Those who follow this shit, will remember that the market also had a big rally leading up to the Brexit vote off a Poll which favored "Remain."

This was a perfect day to get out a bit and into some cash.

Thin Lizzy · « **Reply #16 on:** November 08, 2016, 06:11:22 PM »

Futures down big

Peso Tanking

Tim Fogarty Spotted

SOMEPARTS · « **Reply #17 on:** November 08, 2016, 06:48:27 PM »

Trump looking good = Dow futures now down 500 and Nikkei down 3%. Gold up. Wow.

Neurotoxin · « **Reply #18 on:** November 08, 2016, 06:51:38 PM »

Quote from: Neurotoxin on October 28, 2016, 01:01:02 PM

Market continues to hold support while waiting on election results. I anticipate a large selloff if Trump were to be victorious. If Hillary should win, I would expect a short term bounce which will ultimately fail. Either way we will head lower imo.

-NT

SOMEPARTS · « **Reply #19 on:** November 08, 2016, 07:08:30 PM »

Except for a little money market stash I got completely out of equities Monday. That was the plan since early this year but Monday was an obvious bounce and too good a time to get out.

My guess was the same. No matter who is elected in 12-18 months major corrections are coming.

calfzilla · « **Reply #20 on:** November 09, 2016, 02:03:02 AM »

Of course it will crash. Then recover within 6 months like it always does.

Smart people buy when it's down.

Howard · « **Reply #21 on:** November 09, 2016, 04:12:28 AM »

Quote from: Thin Lizzy on October 18, 2016, 08:37:51 AM

I don't know the extent of a downturn, but, the market is very weak internally. Many of stocks that led the rally have already pulled back to levels that are more than just a correction.

An example is Gilead Sciences. It peaked at about 120 and is now ~75. I can point to many others.

I took a cash position at the beginning of 2016 and haven't regretted it for a second.

The market has been pretty docile for the past few months, IMO, because of uncertainty about the election. After that's done, I'm expecting fireworks.

The market tanked in late 2007 at a tad under 8000 and has been on a steady rebound since , sitting at 18,000 +/-.
I'm in the bond market and not too worried right now.

Yamcha · « **Reply #22 on:** November 09, 2016, 09:30:43 AM »

How are them markets doing?

Yamcha · « **Reply #23 on:** November 09, 2016, 10:52:20 AM »

https://finance.yahoo.com/quote/%5EDJI?p=%5EDJI

Primemuscle · « **Reply #24 on:** November 09, 2016, 11:09:57 AM »

Quote from: Yamcha on November 09, 2016, 09:30:43 AM

How are them markets doing?

Last I heard, the Dow is up today. The uncertainty of the presidential election causing the Dow to tank ended up being just a momentary blip.