I hope you are holding on with both hands!

[MaddSkillz]

Just a market correction. It's been artificially high for a while.

Technically, a crash is a correction as well.

I'm not finding any silver lining here... What's going to help it? What market isn't already in the shitter? Housing? Education? DotCom? Oil?

Personally, I think all tricks have been played out. People are going to sell to protect themselves and the likes of Kramer aren't going to influence nearly enough ignorant people to buy. I don't see it working this time. Next up? Zombies.

 

[MaddSkillz]

I don't think so, I don't think we have even gotten started yet. We'll know in 3 weeks, which marks the end of the Shemitah year, it happens every seven years, 2001, 2008 were good examples.

And it'll happen again.

For those that want to buy... Wait. We have a long ways to go. Hell, they're even saying a 5000 Dow is a possibility.

 

[COZICAN]

Somebody's making some $$$$ today.

 

[dennishoddy]

Somebody's making some $$$$ today.

Yes they are.

 

[CHenry]

What will this do to the property and housing market? I was about to put some land up for sale and later, my house.

 

[SlugSlinger]

What will this do to the property and housing market? I was about to put some land up for sale and later, my house.

I would be more worried about the fed raising interest rates in your situation than this little blip.

Actually, I would be more worried about the economy as a whole with the fed threatening to increase rates. Especially since there is no fundamental support to raise rates. The housing market is just starting to get a footing nationwide. If the fed raises rates, you can kiss that goodbye.

 

[dennishoddy]

I would be more worried about the fed raising interest rates in your situation than this little blip.

Actually, I would be more worried about the economy as a whole with the fed threatening to increase rates. Especially since there is no fundamental support to raise rates. The housing market is just starting to get a footing nationwide. If the fed raises rates, you can kiss that goodbye.

I heard that today that the feds are wanting to raise the interest rates. WTF is their thinking? Not only the housing market, but the automobile market will take a hit.

The banking community will enjoy it though.

 

[druryj]

Somebody's making some $$$$ today.

Well I'm sure the heck not.


Sent from my iPhone

 

[CHenry]

Well I'm sure the heck not.


Sent from my iPhone

Buy!!

 

[dennishoddy]

Buy is the key word, if one buys right. If not it might take years to recoup. If you have years, this market is a good thing.
Heard one of the pundits today say that for young investors, this is the market to stretch your investments as far as one can afford. If it goes on for awhile, and then makes a normal recovery into a typical bull market, those young investors will be set in their retirement.

Hillary talked about her economic plan today regarding stock investments.

She wants to raise taxes on affluent Americans who buy stocks. "As president, I would move to a 6 year sliding scale that provides real incentives for long term investments.
For tax payers in the top bracket, family's earning more than $465,000.00, any gains made from selling stock in the first two years would be taxed just like ordinary income."

That's 40% of your profit if your in the top money bracket unless you held those stocks for three years, no matter what happens to it.
Anybody think this is a good idea?