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[Knoxcore]

This. Why would you buy it now for a long term play when you have no idea how much farther and longer it will go down? Then it reaches a bottom and languishes there for an extended time. Meanwhile you could have made better plays elsewhere.

Why don't you just be patient with that? I mean literally any other play would be more understandable. Okay, maybe not. But oil. Ughh!

It's not about timing the market it's about time in the market.

 

[Doodis]

You do realize the rate hike would be like 15 basis points. That's symbolic more than tangible.

I am not an expert, I just know that my lender told me it could go from the current 3.75% to 4.25%. That's quite a difference in a monthly payment if that's really what's going to happen.

 

[maquiladora]

China's stock market crash has eroded the wealth of Asia's richest man, Wang Jianlin, to the tune of US$13 billion (S$18 billion), according to a report.

 

[Melon Husk]

Holy fuck what happened the last hour? After a nice rally all day, everything totally just getting destroyed.


We're now sitting at yesterday's LOWS.

People waited till the end of trading to take their gains from yesterday's lows.

Market won't be happy until we test those lows from monday opening.

You can't trust the market, but you can trust people to be people. Understand that and you can apply that all the time.

 

[Zultan]

With volatility like this how can anyone continue to insist that markets, or people in general, are rational actors? Economies don't fluctuate by 10% (or even 1%) in 24 hours one way or another. But the stock market does!

I don't know anyone who insists the stock market is rational. The goal is to profit from its irrationality.

Seems today may have been a bull trap.

 

[GeekyDad]

Some people recovered from the last one...

Yeah, the guys who took out credit-default swaps.

 

[totipotent.cell]

I'm of the opinion that the fed should rates. Part of the problem right now is that the markets are artificially inflated right now. Even today after straight terrible days the market in general is overvalued. The fed needs to raise rates to bring some reality to the markets.

A 3 day sellof means nothing in the global scheme of things.

My guess is that markets will start up tomorrow and then come back down later in the day.

Can you be my financial advisor and take a fiduciary pledge on my behalf?

 

[alejob]

Can you be my financial advisor and take a fiduciary pledge on my behalf?

LOL I did see that one coming but don't ask me to do it again. People were buying like crazy early and taking profits later.

If you want financial advise... Buy low, sell high.
I agree with this guy http://finance.yahoo.com/video/el-erian-selloff-continues-until-123700412.html video is from yesterday.

 

[Kathian]

Just collapsed again - down 7% and they've stopped trading. Wasn't a big lesson of the 20s that stopping trading could have a more negative impact? I mean they even tried 15 minutes then when it dropped again suspended trading.

The idea seems to be based on stopping people make rash decisions but honestly for an investor it must make them lose confidence as they might be stock with their value falling but unable to sell - after all freezing the trading price does not mean the real world value will continue to errode.

I'm one of the more pessimistic people looking at China but feel am less alone as time goes by.

 

[bobbytkc]

Nvm.

 

[kirblar]

Just collapsed again - down 7% and they've stopped trading. Wasn't a big lesson of the 20s that stopping trading could have a more negative impact? I mean they even tried 15 minutes then when it dropped again suspended trading.

The idea seems to be based on stopping people make rash decisions but honestly for an investor it must make them lose confidence as they might be stock with their value falling but unable to sell - after all freezing the trading price does not mean the real world value will continue to errode.

I'm one of the more pessimistic people looking at China but feel am less alone as time goes by.

In today's world so much is automated that they may need to do this simply to give people the time to intervene manually.

 

[bobbytkc]

Just collapsed again - down 7% and they've stopped trading. Wasn't a big lesson of the 20s that stopping trading could have a more negative impact? I mean they even tried 15 minutes then when it dropped again suspended trading.

The idea seems to be based on stopping people make rash decisions but honestly for an investor it must make them lose confidence as they might be stock with their value falling but unable to sell - after all freezing the trading price does not mean the real world value will continue to errode.

I'm one of the more pessimistic people looking at China but feel am less alone as time goes by.

Depends on what you are pessimistic about.

China's economy is still doing fine, despite the stock market fluctuations.

 

[Kathian]

Depends on what you are pessimistic about.

China's economy is still doing fine, despite the stock market fluctuations.

One factor behind the stock market falls was a manufacturing survey that pointed to more bad news for the Chinese economy.
The Caixin/Markit purchasing managers' index (PMI) slipped to 48.2 in December, marking the 10th consecutive month of shrinking factory activity in the sector.

Fortunately not a manufacturing based economy or anything.

 

[EviLore]

New thread please.