dow 24000

[bbsam]

this is great i love it when the stock market tanks because then people will start blaming capitalism (in addition to alot of other things that arent responsible).

most people own little stocks. the 1% own most of the stocks. so they lose. every time a corporation drives up its stock price, its mostly the 1% who benefit. and corporations drive up their stock price but at what cost to workers, and the environment, and the country?

No, ricky. The market was stupid high.

I’m laughing because you’d have to be stupid not to see it coming and there’s a lot of stupid out there.

 

[bbsam]

Trump’s fault.

 

[rickyb]

No, ricky. The market was stupid high.

I’m laughing because you’d have to be stupid not to see it coming and there’s a lot of stupid out there.

"no" to what?

 

[bbsam]

"no" to what?

No people aren’t blaming capitalism and looking to dump it.

 

[rickyb]

No people aren’t blaming capitalism and looking to dump it.

well probably not for todays sell off.

if this is a financial crisis, then more people will certainly start blaming capitalism in addition to all the enlightened people who are already doing it!

 

[bbsam]

well probably not for todays sell off.

if this is a financial crisis, then more people will certainly start blaming capitalism in addition to all the enlightened people who are already doing it!

That may be but it’s akin to democrats hating Trump and thinking that will put them in power.

You have to SHOW them better ideas.

 

[rickyb]

That may be but it’s akin to democrats hating Trump and thinking that will put them in power.

You have to SHOW them better ideas.

alot of people do; theres a very long tradition.

 

[moreluck]

this is great i love it when the stock market tanks because then people will start blaming capitalism (in addition to alot of other things that arent responsible).

most people own little stocks. the 1% own most of the stocks. so they lose. every time a corporation drives up its stock price, its mostly the 1% who benefit. and corporations drive up their stock price but at what cost to workers, and the environment, and the country?

You DO know you can make tons of bucks on falling stocks too !!!!!!!!

 

[moreluck]

It's a correction, people. chill out.
It's mostly computers doing this....sell points
Down 10 % is a correction
Down 20% is a bear market

 

[rickyb]

You DO know you can make tons of bucks on falling stocks too !!!!!!!!

hows that working out for you btw?

 

[eats packages]

UPS stock is back down to $113 from $116-$117. Albeit that is still a good performance when all of the stock market has fallen twice as much in comparison.

 

[bbsam]

It's a correction, people. chill out.
It's mostly computers doing this....sell points
Down 10 % is a correction
Down 20% is a bear market

So in two days it’s down about 7%?

And you say it’s a correction.

How do you know?

 

[Jkloc420]

So in two days it’s down about 7%?

And you say it’s a correction.

How do you know?

cuz she is right

 

[bbsam]

cuz she is right

Lol.

Maybe.

How do you know?

 

[watdaflock?]

lets go

lol

 

[Jkloc420]

hows that working out for you btw?

im still up

 

[Jkloc420]

Lol.

Maybe.

How do you know?

cuz there is no bad economic data coming out right now, a lot of the sell off was by computers doing it, it will subside

 

[MAKAVELI]

cuz there is no bad economic data coming out right now, a lot of the sell off was by computers doing it, it will subside

Dow closes down nearly 1,200 points after plunging more than 1,500 points in volatile trading
The stock market has lost $1 trillion in value in the first five days of February

That's bad economic data coming out.

 

[Jkloc420]

Dow closes down nearly 1,200 points after plunging more than 1,500 points in volatile trading
The stock market has lost $1 trillion in value in the first five days of February

That's bad economic data coming out.

it is going down because of good economic data, interest rates, inflation etc, bond rates are going up

 

[MAKAVELI]

it is going down because of good economic data, interest rates, inflation etc, bond rates are going up

When economic investors are worried it's never good. You can spin it however you want but almost 2,000 down in two days it's not a good thing.