Stock Market: Correction or Crash?

[helmsdale]

If this morning is any indication this would appear to just be another opportunity to back the truck up and BTFD. Nothing to see here...

[Richard5]

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.

Biglentil, why the slam against RRSP's? At approx. $26,000 per year it is a drop in the bucket from a "whole portfolio" perspective. TFSA's at $50,000 is also a drop in the bucket but if you have long term savings that should be the first place to put it

Yes, capital gains don't get the break like an outside investment but I also "temporarily" deducted 100% on the way in, maybe sourced from profits through capital gains investments prior....

In moderation, after assessing one's own cash flow, level of income etc, I still feel RRSP's are a good option. I think many would spend it if they didn't contribute. For me, I have always been a good saver and contributed my allowable every year. I am in my 50's and will be strategically withdrawing larger amounts in the next few years to take a big chunk of the plan out. Part of estate and enjoyment of life planning.

[Rareearth]

Come on Errol, the money didn’t evaporate it went some where else, ( 2 sides to every trade)

Defiantly not good for stock holders.

With every new Fed Head, the correction/drop = 15% in first year

We need a good East Europe drought and to test for radiation/contamination in their food exports

[Oliver88]

Dow up 567 today so basically made up half of the loss from yesterday.

Interesting market.

[bobofthenorth]

Dow up 567 today so basically made up half of the loss from yesterday.

Interesting market.

Computer trading. Cavuto was talking today about the percentage of total transactions that are now machine generated. Once the machine hits its number it acts. Unlike fools such as myself who wait for our losses to multiply before we pull the trigger.

[errolanderson]

This wicked global stock market volatility is likely not going away anytime soon. It may be a challenge for today’s late day Dow recovery to hold for long. To me, this heightens the risk of an incoming U.S. recession. U.S. dollar has a battle on its hands . . . .

[helmsdale]

This wicked global stock market volatility is likely not going away anytime soon. It may be a challenge for today’s late day Dow recovery to hold for long. To me, this heightens the risk of an incoming U.S. recession. U.S. dollar has a battle on its hands . . . .

824 Million shares today alone... wowsers. 2nd highest for the last year was yesterday. Yahoo finance says average volume ~375M. Best leave the funny money re-arranging to the machines. In a few years, they'll be filling up our kibbles dish and water bowl before they head into work for day anyway.

[farmaholic]

824 Million shares today alone... wowsers. 2nd highest for the last year was yesterday. Yahoo finance says average volume ~375M. Best leave the funny money re-arranging to the machines. In a few years, they'll be filling up our kibbles dish and water bowl before they head into work for day anyway.

That's a disturbing thought.

[biglentil]

Investors fled to the safety of the USD. Bahahaa

[errolanderson]

Strap-in . . . more potential U.S. stock market (global) volatility ahead. VIX shorts definitely troubled.

For what it's worth . . . tech support on Dow seen approaching 22,000 . . . but wild up days likely in store as well.