Dreadnought
Member
🌐⬇️💰💰😨😱💸
Asia stock markets getting ravaged to open Monday
- Thread starter Vanillalite
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Yup.
The fear and exuberance is something that most people can't understand unless they've ever had a gambling portfolio and bought like $20,000 in a single stock on margin and watched the numbers go down after they bought. Your stomach feels like pure acid, and so people panic and sell, then swear they'll never trade stocks again. Experienced pros rely on and prey off people like that.
AyaisMUsikWhore
Member
Oh okay, so people are losing money that way. Gotcha
Lol, I was taking this too seriously.
Yep. I was waiting for Netflix to drop back down a bit so I could buy a few more shares. There are a lot of deals out there to be had, especially companies that have strong performances/balance sheets.
Ziltoidia 9
Member
The buys that are stabilizing the market are probably leading to more and more solidification of fewer and fewer people owning more and more.
BronzeWolf
Banned
I can't invest right now, which is a shame, BUT my stock game sure got excellent gains by selling last week and buying right now.
In situations like these, people will make stupid mistakes because they are not thinking clearly. I like to think of this as HEY MORE STOCKS FOR MY MONEY
In situations like these, people will make stupid mistakes because they are not thinking clearly. I like to think of this as HEY MORE STOCKS FOR MY MONEY
I think the US is in fairly solid shape relative to most markets. What I am worried about right now is Asia -- both emerging and developed. You've got a feedback loop there where slowing China is dragging down commodity prices, which is pummeling Southeast Asian economies. The slowdown in China and SE Asia is then affecting Japan, Taiwan, and South Korea, which is reducing demand for emerging Asia's exports.
HawksWinStanley
Member
All of my small cap biotechs have already rallied and are green. It blows my mind that people sell on days like today.
Roland_Gunner
Member
If those $5K are savings this would be a good time to invest but don't wind up needing to borrow money to make up for putting all of your cash in savings. Keep at least three months of savings in cash for emergencies.
Azzurri
Member
I know, I have 16k sitting there waiting to be invested.
I have a buddy who helps me invest, I bought a stock at 12 and sold it at 20. It hit 22 and now it's dropped to under 12. Market you so crazy.
I'd assume that most of the short term trades are done by computers nowadays. Are all the AIs shitting themselves now or something?
HawksWinStanley
Member
Always take profits. I still haven't seem to have learned that yet though. Dat greed.
Ugh. Why did I buy Nasdaq last Thursday?
Oh gosh.
Now I only have $5k in chequing which I don't really want to touch.
GeekyDad
Member
Wasn't aware we'd recovered yet from the last one.
Suikoguy
I whinny my fervor lowly, for his length is not as great as those of the Hylian war stallions
Some people recovered from the last one...
Just look at this morning and it's easy to see what happened. The 1000+ drop on the open was the retail investor panicking and panicking hard, then the big firms and bottom feeding small time pros bought the drop and an hour later the losses were pared in half.
Dreadnought
Member
Where have you been the last two hours
Dreadnought
Member
Congrats mate, wish I had that kind of money to invest.
ZoltanXerxes
Member
IMO, we are still in the recession that was started in 2007-2008. We have not really recovered.
Angry Grimace
Two cannibals are eating a clown. One turns to the other and says "does something taste funny to you?"
Chinese bubble economy
hipbabboom
Huh? What did I say? Did I screw up again? :(
In all seriousness... how will this affect the real-estate market. I'll be honest, I wouldn't mind so much that my retirement is being destroyed right in front of my eyes if it means I could finally score on a house in SoCal :-|
milanbaros
Member?
That ended in Q3 2009. It is actually a common perception problem with economic growth and unemployment falls. People perceive recoveries as a continuation of the recession and booms as normal growth.
What was the past 6 years of GDP growth and falling unemployment if not a recovery?
This is assuming you're in the US or UK. If not, just ignore me.
milanbaros
Member?
It could drive the price up because it may delay interest rate rises and also, Chinese investors may be put off shares for a good few years and continue to pile into Western residential property.
Not that. But it's coming back to the non inflated status. Markets are adjusting and will stabilize.
brochiller
Member
How?
He probably bought at the pre-opening price, which was in the low $90s, then sold after it recovered after trading started.
toxicgonzo
Taxes?! Isn't this the line for Metallica?
Stock options probably.
Azzurri
Member
I know, I was like man it's $22 now! Then after it hit $22 it's been dropping for over a month now.
brochiller
Member
Damn. I wish I had that kind of money to invest.
King Mystery
Member
Is this what that creepy commercial was trying to warn us about?
Is this it!?
Is the sky finally falling!?
Is this it!?
Is the sky finally falling!?
Bam Bam Baklava
Member
Gotta love panic unfounded in fundamentals. Think about how much people have already made that were buying at opening while everyone else was selling.
AstroNut325
Member
Good. I hope this means all the Chinese owned real estate in Los Angeles enters the market.
TheLostBigBoss
Banned
so we just went down 1000 points, and now we are only down ~150
I wish I had money, should have instantly put it in at that 1K drop.
rofl people are fucking going crazy, it's like they just had whiplash
I wish I had money, should have instantly put it in at that 1K drop.
rofl people are fucking going crazy, it's like they just had whiplash
Like, I don't understand, what do people think foreign investors do when they pull out of their local markets? Buy gold? Stash yen in their closets? No, they buy US treasury notes or invest into our indexes. It's literally the only safe bet in the entire fucking world. GG day traders, lots of new millionaires were made today I'm sure.
djplaeskool
Member
People who played their cards right just got a whole lot richer today.
Yep, I set buy set triggers for Apple last night at $99 when the premarket was down only 400 and thought I'd be lucky if it hit. Instead I wake up and find my buy orders hit at the 9:30 opening bell for $95. If I had woken up earlier I could have gotten in as low as $92. Apple has already fallen 25% since the $132 highs and was oversold, so it was a no brainer. It had an RSI of 25 (meaning very oversold) on closing bell Friday so it was one of the easiest decisions I've ever come across to buy on further weakness.
Tesla too. Anyone who bought in premarket now has +$36 a share. It's like that everywhere today, Netflx, Microsoft, Yahoo, and so on. You just don't see candles like this unless it's earnings day.
mmazurkiewicz
Member
Biggest gainers were probably Chinese Internet stocks. Baidu was down 25% when the Dow was 1000 down and now it's only down 6%.
vinnygambini
Why are strippers at the U.N. bad when they're great at strip clubs???
Damn. I missed some fun ($ making) on the markets today.
Lol I just saw it on The Guardian.
Always buy the dip https://www.youtube.com/watch?v=0akBdQa55b4
Bam Bam Baklava
Member
This is why we need to teach economics and finance in high school. Jeez.
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