U.S. stocks in free fall

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ReformedSpender
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Re: U.S. stocks in freefall

Post by ReformedSpender » Thu Dec 06, 2018 9:19 am

willthrill81 wrote:
Thu Dec 06, 2018 9:03 am

2017 was a great year, the only calendar year I'm aware of where stocks finished higher in every consecutive month than the month prior. But if that was the norm, everyone and their mother would dump everything into stocks, treating the market as a high-yield savings account.
Isn't that what occurred lol? Everyone at the dinner table during the holidays last year boasting how much they moved into stocks and their gain. Just look how many 100% equity (and US only threads for that matter) popped up from summer of '17 to January. This years dinner conversation is singing a different tune.

The market giveth and the market can taketh

:beer
Last edited by ReformedSpender on Thu Dec 06, 2018 9:23 am, edited 4 times in total.
Market history shows that when there's economic blue sky, future returns are low, and when the economy is on the skids, future returns are high. The best fishing is done in the most stormy waters.

Crisium
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Re: U.S. stocks in freefall

Post by Crisium » Thu Dec 06, 2018 9:20 am

J G Bankerton wrote:
Thu Dec 06, 2018 4:30 am
I hope Santa Clause waits until after January 1st to rally. That's when the IRAs are funded. Buy low.
Please. I want my IRA buy date to be low. Jan 2 2018 was still one of the lower days for the year (it beat monthly DCAs btw), so it worked well last time.

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Re: U.S. stocks in freefall

Post by retiringwhen » Thu Dec 06, 2018 9:21 am

willthrill81 wrote:
Thu Dec 06, 2018 9:14 am
Well, it would show that the Fed believes that everything is OK. That may not be convincing to many.
It does give the Fed more room to drop rates when things do go bad and they want to juice the market, so that would make a few folks happy. The flat/nearly inverted curve could just mean that folks have already decided that after Powell's almost neutral comment that the DEC rate hike is on the bubble or off.... I don''t know and I won't act on it either way. I stay the course.....

Waiting to see if today gives me, (hopefully) last chance to TLH this year as we rode the international mess down the slide after a big windfall investment in JAN.... I am about in livesoft's territory of not having to pay capital gains taxes for a decade after I retire at the current rate things have been going, maybe I can add another year. :annoyed

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Re: U.S. stocks in freefall

Post by JW-Retired » Thu Dec 06, 2018 9:24 am

corn18 wrote:
Thu Dec 06, 2018 9:09 am
I predict this is a 4 digit point loss today (DOW).
I'll "predict" it will be down too. If it is, I promise to share my forecasting algorithm here. :twisted:
JW
Retired at Last

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Flymore
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Re: U.S. stocks in freefall

Post by Flymore » Thu Dec 06, 2018 9:36 am

ReformedSpender wrote:
Thu Dec 06, 2018 8:48 am
Flymore wrote:
Thu Dec 06, 2018 8:43 am
Sounds like the talking heads this morning are pleading with the fed to not raise interest rates on December 19th.
Wonder if they'll succeed? If the fed doesn't raise on the 19th that could slow the stock freefall and we could see a rally. :D
...or be seen as a big negative and more evidence of slowing growth/weakening economy.

Fed really won't be able to win in either decision imo

:beer
The Fed could just say they've achieved what they wanted, raised rated until the economy responded then stopped. :mrgreen:
Hello Santa Claus rally, everybody wins. :D :beer

michaeljmroger
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Re: U.S. stocks in freefall

Post by michaeljmroger » Thu Dec 06, 2018 10:08 am

So the Dow lost 5% in 2 days. How often does that ever happen?

Zigma
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Re: U.S. stocks in freefall

Post by Zigma » Thu Dec 06, 2018 10:09 am

Anyone concerned of a global banking collapse (with financials down and Deutsche Bank tanking steadily going down) causing a bigger market crash than the trade wars or interest rate hikes?
Keep moving on higher ground.

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corn18
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Re: U.S. stocks in freefall

Post by corn18 » Thu Dec 06, 2018 10:13 am

Nope. I am concerned that my dog has started to eat twice every morning with a required "walk" in between each course. That is just rude.

letsgobobby
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Re: U.S. stocks in freefall

Post by letsgobobby » Thu Dec 06, 2018 10:15 am

The dow seems in the meaty part of its 2018 range. What’s the big deal?

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Re: U.S. stocks in freefall

Post by J G Bankerton » Thu Dec 06, 2018 10:15 am

retiringwhen wrote:
Thu Dec 06, 2018 9:21 am
after Powell's almost neutral comment that the DEC rate hike is on the bubble or off....
December's rate hike is now only 72%. Next years hikes are gone with only a 43% chance in June.

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Re: U.S. stocks in freefall

Post by oldcomputerguy » Thu Dec 06, 2018 10:18 am

J G Bankerton wrote:
Thu Dec 06, 2018 10:15 am
retiringwhen wrote:
Thu Dec 06, 2018 9:21 am
after Powell's almost neutral comment that the DEC rate hike is on the bubble or off....
December's rate hike is now only 72%. Next years hikes are gone with only a 43% chance in June.
Where are you seeing those figures?
It’s taken me a lot of years, but I’ve come around to this: If you’re dumb, surround yourself with smart people. And if you’re smart, surround yourself with smart people who disagree with you.

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Re: U.S. stocks in freefall

Post by J G Bankerton » Thu Dec 06, 2018 10:20 am

oldcomputerguy wrote:
Thu Dec 06, 2018 10:18 am
J G Bankerton wrote:
Thu Dec 06, 2018 10:15 am
retiringwhen wrote:
Thu Dec 06, 2018 9:21 am
after Powell's almost neutral comment that the DEC rate hike is on the bubble or off....
December's rate hike is now only 72%. Next years hikes are gone with only a 43% chance in June.
Where are you seeing those figures?
CNBC
Edit it fell to 67.2%.
https://www.investing.com/central-banks ... te-monitor
Last edited by J G Bankerton on Thu Dec 06, 2018 10:26 am, edited 1 time in total.

Irish Moss
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Re: U.S. stocks in freefall

Post by Irish Moss » Thu Dec 06, 2018 10:20 am

Over the year I readjusted my equity holdings. I'm now at 40/40/10/10. equities/bonds/alternatives/cash. As a new retiree I am dealing with sequence of risk returns and have to protect my portfolio. It's good for those who have the stomach for 100% equities even entering retirement. That's not me.

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Re: U.S. stocks in freefall

Post by oldcomputerguy » Thu Dec 06, 2018 10:22 am

Zigma wrote:
Thu Dec 06, 2018 10:09 am
Anyone concerned of a global banking collapse (with financials down and Deutsche Bank tanking steadily going down) causing a bigger market crash than the trade wars or interest rate hikes?
In the case of Deutsche, it's not surprising they're down, since they were raided last week by law enforcement in connection with suspected money laundering (an offense, incidentally, for which Deutsche was fined about $630 million back in January of last year).
Last edited by oldcomputerguy on Thu Dec 06, 2018 10:26 am, edited 1 time in total.
It’s taken me a lot of years, but I’ve come around to this: If you’re dumb, surround yourself with smart people. And if you’re smart, surround yourself with smart people who disagree with you.

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Re: U.S. stocks in freefall

Post by long_gamma » Thu Dec 06, 2018 10:23 am

oldcomputerguy wrote:
Thu Dec 06, 2018 10:18 am
J G Bankerton wrote:
Thu Dec 06, 2018 10:15 am
retiringwhen wrote:
Thu Dec 06, 2018 9:21 am
after Powell's almost neutral comment that the DEC rate hike is on the bubble or off....
December's rate hike is now only 72%. Next years hikes are gone with only a 43% chance in June.
Where are you seeing those figures?
https://www.cmegroup.com/trading/intere ... -fomc.html
"Everyone has a plan 'till they get punched in the mouth." --Mike Tyson

robertmcd
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Re: U.S. stocks in freefall

Post by robertmcd » Thu Dec 06, 2018 10:28 am

Well there goes that tightening cycle. Japan here we come.

As far as causing a panic if the Fed calls off the December hike showing weakness in the economy, it won't. The smart money has known the economy has been smoke and mirrors for 18 yrs. All that matters is whether central banks are printing money or destroying money. Stocks will go exponential as the dollar approaches 0.

https://www.yardeni.com/pub/peacockfedecbassets.pdf

Look at figure 2. That little downturn in CB assets caused these recent interest rate rises (the longer term rates like 10 and 30 yr, in addition to mortgage rates due to more MBS being sold off than treasuries by the Fed), and the economy is already rolling into a deflationary death spiral based on current treasury price action.

Live by QE, die by QT.

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Re: U.S. stocks in freefall

Post by Blake7 » Thu Dec 06, 2018 10:31 am

JW-Retired wrote:
Thu Dec 06, 2018 9:24 am
corn18 wrote:
Thu Dec 06, 2018 9:09 am
I predict this is a 4 digit point loss today (DOW).
I'll "predict" it will be down too. If it is, I promise to share my forecasting algorithm here. :twisted:
JW
Once you eliminate the impossible (predicting the stock market), whatever remains (not being able to predict the stock market), no matter how improbable, must be the truth (nonone can predict the stock market). :D

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Re: U.S. stocks in freefall

Post by J G Bankerton » Thu Dec 06, 2018 11:07 am

corn18 wrote:
Thu Dec 06, 2018 9:09 am
I predict this is a 4 digit point loss today (DOW).
Only 379 points to go. China is POed over the Huawei CFO arrest. She is the daughter of the founder. She was arrested at the moment the US and China were meeting face to face. Art of the deal indeed.

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Re: U.S. stocks in freefall

Post by Crisium » Thu Dec 06, 2018 11:07 am

Stocks are almost as low as 13 days ago.

Panic!

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Re: U.S. stocks in freefall

Post by J G Bankerton » Thu Dec 06, 2018 11:12 am

Crisium wrote:
Thu Dec 06, 2018 11:07 am
Stocks are almost as low as 13 days ago.

Panic!
I bought some VTI earlier today, That buy is down .68%. Now I have to buy more; make it stop, please make it stop.

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Re: U.S. stocks in freefall

Post by GoldStar » Thu Dec 06, 2018 11:14 am

J G Bankerton wrote:
Thu Dec 06, 2018 11:12 am
Crisium wrote:
Thu Dec 06, 2018 11:07 am
Stocks are almost as low as 13 days ago.

Panic!
I bought some VTI earlier today, That buy is down .68%. Now I have to buy more; make it stop, please make it stop.
One of the benefits of Mutual Funds versus ETFs - you don't find yourself checking prices throughout the day.
My VTSAX purchase will be at the daily/closing price.

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Re: U.S. stocks in freefall

Post by Blake7 » Thu Dec 06, 2018 11:18 am

GoldStar wrote:
Thu Dec 06, 2018 11:14 am
J G Bankerton wrote:
Thu Dec 06, 2018 11:12 am
Crisium wrote:
Thu Dec 06, 2018 11:07 am
Stocks are almost as low as 13 days ago.

Panic!
I bought some VTI earlier today, That buy is down .68%. Now I have to buy more; make it stop, please make it stop.
One of the benefits of Mutual Funds versus ETFs - you don't find yourself checking prices throughout the day.
My VTSAX purchase will be at the daily/closing price.
+1

J G Bankerton
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Re: U.S. stocks in freefall

Post by J G Bankerton » Thu Dec 06, 2018 11:19 am

GoldStar wrote:
Thu Dec 06, 2018 11:14 am
J G Bankerton wrote:
Thu Dec 06, 2018 11:12 am
Crisium wrote:
Thu Dec 06, 2018 11:07 am
Stocks are almost as low as 13 days ago.

Panic!
I bought some VTI earlier today, That buy is down .68%. Now I have to buy more; make it stop, please make it stop.
One of the benefits of Mutual Funds versus ETFs - you don't find yourself checking prices throughout the day.
My VTSAX purchase will be at the daily/closing price.
I didn't have a broker a year ago. Vanguard "forced" me to let them be the broker. One thing lead to another and now it's like the big wheel. I only buy so it really doesn't mean anything. I only have two buys left for the whole month.

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GoldStar
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Re: U.S. stocks in freefall

Post by GoldStar » Thu Dec 06, 2018 11:23 am

J G Bankerton wrote:
Thu Dec 06, 2018 11:19 am
GoldStar wrote:
Thu Dec 06, 2018 11:14 am
J G Bankerton wrote:
Thu Dec 06, 2018 11:12 am
Crisium wrote:
Thu Dec 06, 2018 11:07 am
Stocks are almost as low as 13 days ago.

Panic!
I bought some VTI earlier today, That buy is down .68%. Now I have to buy more; make it stop, please make it stop.
One of the benefits of Mutual Funds versus ETFs - you don't find yourself checking prices throughout the day.
My VTSAX purchase will be at the daily/closing price.
I didn't have a broker a year ago. Vanguard "forced" me to let them be the broker. One thing lead to another and now it's like the big wheel. I only buy so it really doesn't mean anything. I only have two buys left for the whole month.
I'm not sure what you are getting at - you can buy either VTI or VTSAX through a Vanguard broker account unless there is something I am missing.
It doesn't really mean anything but it might remove your stress and concern about intra-day price fluctuations (which I am assuming based upon your comment).

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Re: U.S. stocks in freefall

Post by ReformedSpender » Thu Dec 06, 2018 11:24 am

marcopolo wrote:
Tue Dec 04, 2018 7:48 pm
I must be missing something. I don't quite understand all the freaking out about today,
I looked at my portfolio in Quicken just now, it looks like my overall portfolio value just dropped back down to about where it was on...

...Wait for it.....

... way back on 11/28/2018. No additions or withdrawals during that time. So, basically gave back the gains for the last week. The horror.
Crisium wrote:
Thu Dec 06, 2018 11:07 am
Stocks are almost as low as 13 days ago.

Panic!
While I don't mind this market action, I don't understand these reoccurring posts. You could make the same argument regardless of the date "Stocks are only where they were two weeks ago", "stocks are only where they were 6 months ago", "stocks are only where they were two years ago".

I believe the premise of concern by some individuals is driven by the overall direction or inability for sound advancement in equities. 1 step forward, 1 step back.

:beer
Last edited by ReformedSpender on Thu Dec 06, 2018 11:26 am, edited 1 time in total.
Market history shows that when there's economic blue sky, future returns are low, and when the economy is on the skids, future returns are high. The best fishing is done in the most stormy waters.

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Re: U.S. stocks in freefall

Post by RetireBy55 » Thu Dec 06, 2018 11:25 am

michaeljmroger wrote:
Thu Dec 06, 2018 10:08 am
So the Dow lost 5% in 2 days. How often does that ever happen?
EXACTLY.

Looks like I picked the worst of all possible times to retire. Glad I have several years of cash to live off of..in the meantime, it's brutal to watch my paper net worth plummet by big chunks, day in, day out.
Last edited by RetireBy55 on Thu Dec 06, 2018 11:27 am, edited 1 time in total.

J G Bankerton
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Re: U.S. stocks in freefall

Post by J G Bankerton » Thu Dec 06, 2018 11:26 am

GoldStar wrote:
Thu Dec 06, 2018 11:23 am
not sure what you are getting at - you can buy either VTI or VTSAX through a Vanguard broker account unless there is something I am missing.
It doesn't really mean anything but it might remove your stress and concern about intra-day price fluctuations (which I am assuming based upon your comment).
I know, I'm having fun; I have enough money to be eccentric.

RetireBy55
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Re: U.S. stocks in freefall

Post by RetireBy55 » Thu Dec 06, 2018 11:31 am

Can't imagine why there are not more buyers at these levels. What's the Dow forward PE now - 14?

Have read the speculation that a big part of the drop is algorithm trading. Only thing that makes sense, as who in their right mind would sell at Dow 24.3K?

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Re: U.S. stocks in freefall

Post by ruralavalon » Thu Dec 06, 2018 11:34 am

retiringwhen wrote:
Thu Dec 06, 2018 8:37 am
GoldenFinch wrote:
Thu Dec 06, 2018 5:48 am
Hey, we’ve got to do something while we do nothing. That is the real purpose of this thread, isn’t it? :happy
+1, I come here to blow off steam, sort of like the old metaphorical water cooler. we can complain about the weather, the Giants, the Mets, the Boss, the President, but we don't do anything about it 8-)

. . . .

Freefall is the BH water cooler, just keeping talking everyone off the ledge, stay the course, don't do anything about it.....
I like the water cooler analogy. A place to pass the time, discuss what we can't control, and decide to stay the course.

JoMoney wrote:
Thu Dec 06, 2018 8:36 am
With the fervor I keep hearing before the market even opens today, I'm going to take the contrary position that it will close with very little change from yesterdays close, Friday's close will be an up day.
A guess, but just as sound as any other guess I suppose.
"Everything should be as simple as it is, but not simpler." - Albert Einstein | Wiki article link:Getting Started

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Re: U.S. stocks in freefall

Post by Doom&Gloom » Thu Dec 06, 2018 11:34 am

corn18 wrote:
Thu Dec 06, 2018 10:13 am
Nope. I am concerned that my dog has started to eat twice every morning with a required "walk" in between each course. That is just rude.
THAT is putting things in their proper perspective! :beer

MJW
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Re: U.S. stocks in freefall

Post by MJW » Thu Dec 06, 2018 11:36 am

Those "getting excited about stocks on sale" posts are obnoxious.

J G Bankerton
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Re: U.S. stocks in freefall

Post by J G Bankerton » Thu Dec 06, 2018 11:39 am

I knew this day would come, I have to buy foreign VXUS stocks to keep the 10% allocation. Stay the course. :?

stocknoob4111
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Re: U.S. stocks in freefall

Post by stocknoob4111 » Thu Dec 06, 2018 11:47 am

Bonds are up nicely... 10YT has hit 2.83 as of now with the flight to quality. I am thinking we may see a 2-10 inversion at close today?

IPS&IPA
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Re: U.S. stocks in freefall

Post by IPS&IPA » Thu Dec 06, 2018 11:58 am

I've always enjoyed the steep drops on a rollercoaster the best!
Elwood: It's 106 miles to Chicago, we got a full tank of gas, half a pack of cigarettes, it's dark... and we're wearing sunglasses. Jake: Hit it.

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corn18
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Re: U.S. stocks in freefall

Post by corn18 » Thu Dec 06, 2018 12:00 pm

stocknoob4111 wrote:
Thu Dec 06, 2018 11:47 am
Bonds are up nicely... 10YT has hit 2.83 as of now with the flight to quality. I am thinking we may see a 2-10 inversion at close today?
Nah, the 2 year is falling about the same.

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Doom&Gloom
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Re: U.S. stocks in freefall

Post by Doom&Gloom » Thu Dec 06, 2018 12:01 pm

MJW wrote:
Thu Dec 06, 2018 11:36 am
Those "getting excited about stocks on sale" posts are obnoxious.
They will mellow after they make their bargain purchases only to find a bigger sale down the road.

That thread can't hope to have the legs that this one does. :twisted:

Crisium
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Re: U.S. stocks in freefall

Post by Crisium » Thu Dec 06, 2018 12:08 pm

ReformedSpender wrote:
Thu Dec 06, 2018 11:24 am
marcopolo wrote:
Tue Dec 04, 2018 7:48 pm
I must be missing something. I don't quite understand all the freaking out about today,
I looked at my portfolio in Quicken just now, it looks like my overall portfolio value just dropped back down to about where it was on...

...Wait for it.....

... way back on 11/28/2018. No additions or withdrawals during that time. So, basically gave back the gains for the last week. The horror.
Crisium wrote:
Thu Dec 06, 2018 11:07 am
Stocks are almost as low as 13 days ago.

Panic!
While I don't mind this market action, I don't understand these reoccurring posts. You could make the same argument regardless of the date "Stocks are only where they were two weeks ago", "stocks are only where they were 6 months ago", "stocks are only where they were two years ago".

I believe the premise of concern by some individuals is driven by the overall direction or inability for sound advancement in equities. 1 step forward, 1 step back.

:beer
It's a personal opinion what is an significant time frame to compare back to. Mine is that 13 days is just noise. But context matters. And to be fair, we also had similar prices to day a full year ago. But that happens (correct me if I'm wrong) around a third of the time. -1 year isn't extraordinary.

I'm sure others find noise in 2 years. The correction in early 2016 took as back 2 full years, for example.

2009's lows took us back 12 years.

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Yesterdaysnews
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Re: U.S. stocks in freefall

Post by Yesterdaysnews » Thu Dec 06, 2018 12:13 pm

This is a pretty ugly market. Having a good cash reserve has helped me not worry so much about what my equity portfolio is doing.

Time2Quit
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Re: U.S. stocks in freefall

Post by Time2Quit » Thu Dec 06, 2018 12:14 pm

The U.K stock market correction have erased all gains of the 21st century.

https://www.bloomberg.com/news/articles ... markets-vp

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aj76er
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Re: U.S. stocks in freefall

Post by aj76er » Thu Dec 06, 2018 12:19 pm

Well, I've been waffling about doing TLH this year (and just leaving things alone), but today Mr. Market made an offer too good to refuse :)

I was able to exchange my entire VXUS position for IXUS (Total International Market).
Furthermore, I TLH'd an entire year of VTI (Total US Market) contributions into IXUS, which rebalanced all of my International allocation into my taxable account for simplicity :sharebeer
"Buy-and-hold, long-term, all-market-index strategies, implemented at rock-bottom cost, are the surest of all routes to the accumulation of wealth" - John C. Bogle

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Re: U.S. stocks in freefall

Post by Irisheyes » Thu Dec 06, 2018 12:25 pm

Time2Quit wrote:
Thu Dec 06, 2018 12:14 pm
The U.K stock market correction have erased all gains of the 21st century.

https://www.bloomberg.com/news/articles ... markets-vp
Wow. That is quite something.

harvestbook
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Re: U.S. stocks in freefall

Post by harvestbook » Thu Dec 06, 2018 12:25 pm

Time2Quit wrote:
Thu Dec 06, 2018 12:14 pm
The U.K stock market correction have erased all gains of the 21st century.

https://www.bloomberg.com/news/articles ... markets-vp
"But if you take dividends into account, the picture is much more cheerful. The FTSE 100 Total Return Index is up about 90 percent since the end of 1999."

So...not ALL gains!
I'm not smart enough to know, and I can't afford to guess.

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Re: U.S. stocks in freefall

Post by crake » Thu Dec 06, 2018 12:27 pm

RetireBy55 wrote:
Thu Dec 06, 2018 11:25 am
michaeljmroger wrote:
Thu Dec 06, 2018 10:08 am
So the Dow lost 5% in 2 days. How often does that ever happen?
EXACTLY.

Looks like I picked the worst of all possible times to retire. Glad I have several years of cash to live off of..in the meantime, it's brutal to watch my paper net worth plummet by big chunks, day in, day out.
I think you might be being a little bit dramatic. I don't know when you retired but the DOW is essentially flat for the year. If you consider a flat year to be equivalent to your net worth plummeting you may be in for a rough retirement.

I don't know how often it loses 5% in 2 days. It has happened at least 20 times in 1 day. My guess is the majority of years see a 5% loss at some point.

Rank Date Close Net change % Change
1 1987-10-19 1,738.74 −508.00 −22.61
2 1929-10-28 260.64 −38.33 −12.82
3 1929-10-29 230.07 −30.57 −11.73
4 1929-11-06 232.13 −25.55 −9.92
5 1899-12-18 58.27 −5.57 −8.72
6 1932-08-12 63.11 −5.79 −8.40
7 1907-03-14 76.23 −6.89 −8.29
8 1987-10-26 1,793.93 −156.83 −8.04
9 2008-10-15 8,577.91 −733.08 −7.87
10 1933-07-21 88.71 −7.55 −7.84
11 1937-10-18 125.73 −10.57 −7.75
12 2008-12-01 8,149.09 −679.95 −7.70
13 2008-10-09 8,579.19 −678.92 −7.33
14 1917-02-01 88.52 −6.91 −7.24
15 1997-10-27 7,161.14 −554.26 −7.18
16 1932-10-05 66.07 −5.09 −7.15
17 2001-09-17 8,920.70 −684.81 −7.13
18 (tie) 1931-09-24 107.79 −8.20 −7.07
18 (tie) 1933-07-20 96.26 −7.32 −7.07
20 1914-07-30 71.42 −5.30 −6.91

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friar1610
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Location: MA South Shore

Re: U.S. stocks in freefall

Post by friar1610 » Thu Dec 06, 2018 12:28 pm

VictoriaF wrote:
Thu Dec 06, 2018 8:15 am
Any guesses if the market will close higher or lower by the end of the day today?
Yes, it will. (Close higher or lower).
Friar1610

J G Bankerton
Posts: 352
Joined: Thu Sep 14, 2017 3:30 pm

Re: U.S. stocks in freefall

Post by J G Bankerton » Thu Dec 06, 2018 12:32 pm

Time2Quit wrote:
Thu Dec 06, 2018 12:14 pm
The U.K stock market correction have erased all gains of the 21st century.

https://www.bloomberg.com/news/articles ... markets-vp
:beer to Mr. Bogle for keep me 90% VTI.

CULater
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Joined: Sun Nov 13, 2016 10:59 am

Re: U.S. stocks in freefall

Post by CULater » Thu Dec 06, 2018 12:45 pm

You'd think that gold would be getting a play with stocks tanking, but barely moving. Maybe this is an "everything on sale" market? Dip buyers should be thrilled!
May you have the hindsight to know where you've been, The foresight to know where you're going, And the insight to know when you've gone too far. ~ Irish Blessing

J G Bankerton
Posts: 352
Joined: Thu Sep 14, 2017 3:30 pm

Re: U.S. stocks in freefall

Post by J G Bankerton » Thu Dec 06, 2018 12:51 pm

CULater wrote:
Thu Dec 06, 2018 12:45 pm
You'd think that gold would be getting a play with stocks tanking, but barely moving. Maybe this is an "everything on sale" market? Dip buyers should be thrilled!
That's the scary part the "dips" are staying away. They may be tapped out of cash. Way too many dips in a short time. It may be over though. My limit orders aren't executing every hour.

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corn18
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Re: U.S. stocks in freefall

Post by corn18 » Thu Dec 06, 2018 12:56 pm

Just went and updated my EF analysis in case this is the end of the world. I am holding 2 houses right now as I just closed on one Monday and have the other one on the market. 2 mortgages. Data indicate 1 year of EF without cutting expenses. Hopefully don't lose my job and get stuck with 2 houses while the market is tanking 50%. That scenario was not on my radar.

J G Bankerton
Posts: 352
Joined: Thu Sep 14, 2017 3:30 pm

Re: U.S. stocks in freefall

Post by J G Bankerton » Thu Dec 06, 2018 12:59 pm

My last dip is up .89%. Hear comes Santa Clause.

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corn18
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Re: U.S. stocks in freefall

Post by corn18 » Thu Dec 06, 2018 1:03 pm

J G Bankerton wrote:
Thu Dec 06, 2018 12:59 pm
My last dip is up .89%. Hear comes Santa Clause.
I thought you had enough money already. Santa is coming regardless of the markets.

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