Stock Market: Correction or Crash?

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Stock Market: Correction or Crash?

Feb 5, 2018 | 14:01 1 Did the bubble just break? . . . . Reply With Quote
SASKFARMER3's Avatar Feb 5, 2018 | 14:11 2 Crack crack crack and out Cracker Jack box of a leader is going to tax us to death. Reply With Quote
Feb 5, 2018 | 14:15 3 It should correct....people buying imaginary currencies indicate people have no sense of value...

Frozen Cowshit has more value. Reply With Quote
Feb 5, 2018 | 14:20 4 Will it correlate downwards with all commodities is the question Reply With Quote
Feb 5, 2018 | 14:30 5
Quote Originally Posted by malleefarmer View Post
Will it correlate downwards with all commodities is the question
Energies hammered . . . this is not good for commodities.

Dow collapsed this aft from 800 points down to 1,500 points down within minutes. Huge investor panic, huge volatility and 1st day of Fed Chairman Powell in-office. Tomorrow will be interesting . . . . Reply With Quote
Feb 5, 2018 | 14:43 6 Stockmarket watching friend commented "bitcoin seems to be a good barometer for stockmarket" not enough history on its side yet but interesting observation Reply With Quote
Feb 5, 2018 | 15:02 7 Stock exchanges getting trimmed today.
VIX up
Bond rates up



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Feb 5, 2018 | 15:07 8 Bitcoin and Trump great similarities, Neither is worth S#########. Stocks have doubled or more in the last year could not continue. Just going back to normal. Reply With Quote
Feb 5, 2018 | 16:03 9 Could fall a lot more yet and still be termed a correction depending on your timeframe Reply With Quote
Feb 5, 2018 | 16:07 10 Reality of trump getting questioned by mueller.
That's why the nines garbage came out but it's no new news. The fact is things were done wrong how they got there to find it is an issue but it still doesn't take away what happenned with the Russians and trump. Reply With Quote
Feb 5, 2018 | 16:26 11 No bounce on close, collateral damage coming as good assets get sold to make margin call? Reply With Quote
Feb 5, 2018 | 16:38 12 Keynesian (central bank) bubble just exploded in the market stratosphere this afternoon. 1,600 point drop, the largest daily drop ever . . .

https://www.cnbc.com/2018/02/05/dows-nearly-1600-point-plunge-marks-its-biggest-one-day-point-drop-ever.html Reply With Quote
Feb 5, 2018 | 16:48 13 As a sadistic contrarian I'm foaming at the mouth on grains Reply With Quote
Feb 5, 2018 | 16:49 14 A record no doubt, I wonder how much value was taken off the books today.
Percentage wise it doesn't crack the top 20 Reply With Quote
Feb 5, 2018 | 17:33 15
Quote Originally Posted by farming101 View Post
A record no doubt, I wonder how much value was taken off the books today.
Percentage wise it doesn't crack the top 20
CNBC reports $1 trillion has been trimmed from stock market since Feb 1. And while today's drop does not make top 20 in percentage terms, if you add the loss from last Friday when the selloff really started, it ranks as 17th largest percentage loss in history. Unfortunately, it is not likely over. Reply With Quote
Feb 5, 2018 | 18:35 16 I'll wait until the brokers start jumping off the rooftops. Then maybe something interesting will be happening. Reply With Quote
Feb 5, 2018 | 18:46 17 this must be trumps fault , no ? Reply With Quote
Feb 5, 2018 | 18:51 18
Quote Originally Posted by caseih View Post
this must be trumps fault , no ?
If I'm not Trump, then Certainly it must be the fault of global warming. After all everything else has been blamed on that Reply With Quote
Feb 5, 2018 | 19:07 19 well they did say it would crash when trump got in , the part they missed is that it would nearly double first , lol. but yes surely it is because of global warming (that didn't work out , so mustnt call it that anymore ) , er , I mean , climate change , er no, accelerated climate change . surely the. coming spring will be a sure sign of accelerated climate change . colder than Siberia out here but I realize that's just weather , now
wonder why that hot spell that Ontario and Quebec had in the fall was a sure sign of global warming according to the climatards???? saw it right on national news
Last edited by caseih; Feb 5, 2018 at 19:09.
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Feb 5, 2018 | 20:24 20 So if money’s coming out of the stock market does that mean it’s going to come back into commodities?
Hope so. Reply With Quote
Feb 5, 2018 | 20:38 21
Quote Originally Posted by Rareearth View Post
So if money’s coming out of the stock market does that mean it’s going to come back into commodities?
Hope so.
A lot of money has just been just 'burnt up' in the market stratosphere over the past two (2) trading sessions. Now intense margin calls . . . Not a lot of cash available for commodities right now (IMO). Reply With Quote
Feb 5, 2018 | 21:16 22 The setback needed to actually turn DJ into a bear is still a couple thousand points away. Market is simply breaking confidence and flushing anyone and everyone out. This'll do wonders for liquidity (sarc) might want to get used to 1000+ point moves. No-one expected it to get to 26k they finally stepped in and got absolutely lit up. It was a hated bull. Which likely means once the majority says it's gonna drop to 0 it'll be on the highs again. Reply With Quote
farmaholic's Avatar Feb 5, 2018 | 21:19 23 Somehow I think Errol has a level of satisfaction in saying "I told you so".... but will there be more?

I did nothing in anticipation of a correction/collapse. ...in fact I bought my RRSP earlier than usual.

Anyone try timing getting in and out of the market?

Maybe more money in the "invincible" farmland if this gets real ugly. Reply With Quote
Feb 5, 2018 | 21:27 24 Unless you have 200k personal net income forget rrsp's they are a dud. Capital gains are 100% taxable inside only 50% taxable outside and 0% inside a TFSA. Gold rallied nicely today paper not lookin so hot. Reply With Quote
farmaholic's Avatar Feb 5, 2018 | 21:37 25 Simpleton math:

If I buy a share for $10 and it peaks at $12 then falls to $8....how much money am I out? To me still only $2, (only if I sell or it never recovers). I never chrystalized any gain by selling at 12 and if I don't sell at 8 I've never chrystalized any loss either.

In fact even if it falls to 8, I bought it for 10 and someone has that money....so that $2 difference didn't evaporate. Even all the trades that took it to 12 were transactions with buyers and sellers.

Have I completely proven my ignorance? Reply With Quote
farmaholic's Avatar Feb 5, 2018 | 21:46 26 Biglentil....I hate RRSPs, and TFSAs are chump change. Both maxed out(no unused RRSP contribution room left and too many parasites on my money). RRSPs need to be managed....just a tax deferral... just like incorporating a farm!!!!

Is any asset really worth anything until it's sold? Reply With Quote
Feb 5, 2018 | 22:13 27 Interesting Copper down, Oil down, but Silver up. But we've been told its just an industrial metal these days. The market's sayin otherwise.

Sell your asset for what? Is modern currency money? Is it an asset? Or is it neither?

Lots of questions I know but its a wacky Keynesian world.

And wheres the plunge protection team sleeping at the computer they have infinite 0's and 1's?
Last edited by biglentil; Feb 5, 2018 at 22:18.
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Feb 5, 2018 | 22:16 28
Quote Originally Posted by farmaholic View Post
Is any asset really worth anything until it's sold?
Sure, if it earns income or you borrow a bunch of money against it and obtain more things Reply With Quote
blackpowder's Avatar Feb 5, 2018 | 22:23 29 Coincidence. Almost exactly 10 yrs ago sub prime crash.

Kinda wish I paid $1M a year in taxes. Reply With Quote
farmaholic's Avatar Feb 5, 2018 | 23:00 30
Quote Originally Posted by farming101 View Post
Sure, if it earns income or you borrow a bunch of money against it and obtain more things
Ya ok, an income earning asset is good. But borrowing a bunch of money against it probably can't be done without "selling" a portion of the asset's value to the bank.....when it's paid off you get full title back. aka mortgage. 🤔 Reply With Quote