stock market was up today...

[Vol737]

Just watch the Big Short and that will clear a lot of it up.

Better yet, read it. Michael Lewis does a fantastic job laying this out in that book. Liar’s Poker is great too. It was the precursor to The Big Short and he didn’t even know it at the time…., or maybe he did.

 

[Vol737]

I admit I worded that poorly

To the corner with you! We’ll decide your punishment later.

 

[jmacvols1]

 

[85SugarVol]

The underlying issue was the subprime mortgages issued to unqualified borrowers. The house buyers (including many speculators) drove up prices which created the bubble. When the bubble burst the 30% decline in home values hit the middle class extremely hard. But the shenanigans from repackaging those loans only created collateral damage. Wall Street firms were wiped out and the mortgage debt products and failed public companies damaged traders’ portfolios and middle class retirement accounts. But without the idiotic lending on the front end those after effects that pulled down the economy even more wouldn’t have been catastrophic.

And why did the lenders have no reservations about making Ninja loans to unqualified borrowers?

It’s almost like they knew someone was there, waiting to buy them. Weird.

 

[NorthDallas40]

Jeez a little self control please

Japan's share benchmark soars nearly 11% a day after massive sell-offs that shook Wall Street

Nearly everything on Wall Street is tumbling as fear about a slowing U.S. economy worsens around the world.

apnews.com

 

[Ashevolle]

Jeez a little self control please

Japan's share benchmark soars nearly 11% a day after massive sell-offs that shook Wall Street

Nearly everything on Wall Street is tumbling as fear about a slowing U.S. economy worsens around the world.

apnews.com

Smells like opportunity.

 

[NorthDallas40]

Smells like opportunity.

Today was for sure if you were eyeing stocks prior. But if the US folllows suit it pops mostly right back up

 

[BernardKingGOAT]

To the corner with you! We’ll decide your punishment later.

Whew!

 

[jmacvols1]

Jeez a little self control please

Japan's share benchmark soars nearly 11% a day after massive sell-offs that shook Wall Street

Nearly everything on Wall Street is tumbling as fear about a slowing U.S. economy worsens around the world.

apnews.com

So people sold their stocks yesterday just to buy them back today?

 

[hog88]

So people sold their stocks yesterday just to buy them back today?

Some central bank <cough cough> pumped some money into the system.

 

[Thunder Good-Oil]

So people sold their stocks yesterday just to buy them back today?

“The stock market is designed to transfer money from the Active to the Patient.”
-Warren Buffett

 

[Lawrence Wright]

“The stock market is designed to transfer money from the Active to the Patient.”
-Warren Buffett

You’d think that would be obvious to anyone paying attention.

 

[Thunder Good-Oil]

About 20% that I got back today (a third of yesterday’s losses) is gone. I’d love to see markets going up into the close, but it kind of feels like all of today’s early gains will disappear and the close could be in the red.

 

[05_never_again]

So people sold their stocks yesterday just to buy them back today?

On panicky days like yesterday some of the selling is forced (margin calls).

 

[jmacvols1]

 

[NorthDallas40]

So people sold their stocks yesterday just to buy them back today?

It would appear that’s exactly what happened. But the trend is downward just like DOW and S&P

 

[SpaceCoastVol]

It sure is convenient timing for him to leave right when the stock market crashes LOL.

Why? It's all Trump's fault anyway

 

[SpaceCoastVol]

The business is too big (or important) to fail. But that doesn’t mean that the stock is. Delta went to zero a bit over a decade ago but continued to employ people and fly their routes. The stock holders got nothing when it was recapitalized.

Tell me about it

 

[SpaceCoastVol]

So you think the people who control billions in investments don't understand the job numbers?

The question is whether or not they buy into the initial lie about what those numbers are.

 

[KB5252]

Isn't volatility a bad thing?

I expect some rebound could happen but do we think this will remain a trend or are things expected to level off?

 

[SpaceCoastVol]

Wrong - the POTUS appoints the head of the federal reserve and can replace them whenever they choose. We’ve seen numerous examples through the years of the president publicly stating needed federal reserve policy that’s followed shortly after.

I support trump, but I can only imagine what kind of **** Jamie Dimon is going to cook up. That guy's a ****ing crook.

 

[SpaceCoastVol]

Isn't volatility a bad thing?

I expect some rebound could happen but do we think this will remain a trend or are things expected to level off?

I love volatility

 

[KB5252]

I love volatility

Please explain. Is it a good or bad sign for the health of the markets?

 

[SpaceCoastVol]

Just watch the Big Short and that will clear a lot of it up.

Also 'Too Big to Fail' another good film

 

[SpaceCoastVol]

Please explain. Is it a good or bad sign for the health of the markets?

I'm talking about as a trader. I rolled down a bunch of put options (for profit) on Monday, and when the market bounces back a little (volatility) I can either close them out, or sit tight. Either way, I had determined entry prices for certain stocks and now I have lowered that point for an even better premium. Hopefully, they expire OTM though. That's my ultimate goal.

As far as overall health though, I think it's good as it weeds out weak companies