and it goes negative...

[Javaman]

whatever dead cat bounce that happened at the open of the market this morning is now gone.

[DemocratSinceBirth]

1. I am beginning to believe we are heading into a secular bear market and economic slow down.

[MineralMan]

2. Secular? I'm betting there will be lots of people praying

for relief from the Trump Slump. (just kidding you, of course.)

[MyOwnPeace]

3. I'm with 'ya!

Just like "there will ALWAYS be prayer in public schools as long as there are chemestry and calculus exams!"

[MineralMan]

4. I tried that. It didn't work. Studying did.

Lesson learned.

[Bettie]

16. I'm guessing you meant

cyclical?

[Javaman]

5. I see the "investors" are trying to goose it back into the black, but it's not working...

stays for a second before going red again.

we are in for a shit storm and my 401k is feeling the pain.

[Yonnie3]

6. Bounce from covering shorts?

Short sellers are likely happy campers.

I've not done any short sales this century, I learned the hard way of the downside of short sales.

[tavernier]

7. It would probably do just fine if

those morons, Rump, Mnuchin and company, would just keep their traps shut!!!

[Javaman]

8. sadly, that will never happen. motor-mouthed morons. nt

[Adrahil]

9. Been up and down since opening....

I think it'll end the day somewhat down, and some bargain hunters might try to sell for a quick profit.

[marybourg]

10. I'm more interested in interest rates going up

on my bonds and CDs. I’ve been divesting myself of stocks since the magat was elected, and have only a small percentage left.

[at140]

14. Actually it was a good time to buy

when Drumpf was elected. Market went quite a bit higher since then.
Now reality is catching up with it.

[empedocles]

11. WallSt traders loves volatility, easiest money made there. Bullish at the open, bearish soon after,

bullish again the same morning.

Investors more concerned about the bear trend.

[empedocles]

18. Update. Djia showing 688 gain as of 3:20p

Traders though could possibly make more, picking up the [roughly] 120 morning gain, riding the 240 down wave, and up this last 600+ up wave - and could be more as the last 1/2 hour may be even more volatile.

[empedocles]

22. Close dji 1000+/. Some traders who hit the turning points had 1400 potential points.

Traders live for these days.

[durablend]

12. Who's he going to blame *this time*? n/t

[at140]

13. Dow 20,000 here we come!

But Dow was 19,000 when Drumpf won electorally. (if I recall correctly)
So could be long way down yet.

[A HERETIC I AM]

15. And it goes positive

Up over 475 at 12:15

[Javaman]

17. and tomorrow it will probably go down...

we are in a see saw bear market.

as long as the orange asshole and his room full of dopes keep their collective mouths shut, my 401k can recover.

but I don't see the orange asshole doing that for any extended period of time.

[A HERETIC I AM]

19. Or not.

I am by no means an analyst, and I didn't stay in a Holiday Inn Express last night....

(in fact, I spent last night rolling toward Florida in the sleeper bunk of a semi. Didn't give me any predictive powers!)

I did glance at the Yahoo Finance app along the way today and, as I'm sure you noticed, the minute that administration/Fed dude/whoever it was said the Fed Chairs job was safe, POOF...that was the turning point.

I know there is serious concern, and I completely understand any uneasiness, but I have to say, these sorts of threads kind of amuse me. The reason they amuse me is because they get posted all the time. You posted your OP about 90 minutes into the session when it had fallen about 150 points. And frankly, I was right there with you. Yup, same old shit, market reacting to the asshole and his assholiness, just as it had been since October 3rd, when it peaked at 26,951 (I should say the start down was probably tied to an increase in interest rates by the Fed, but there you go).

But the thing is, and I don't mean to point a finger just at you, Javaman, because you are by no means alone in this, no one, not ONE SINGLE PERSON who had posted earlier in the day or just anyone watching the front page of DU, happened to mention the turnaround. In fact, my post above was an hour and ten minutes after the index turned positive.

I know why this is - because bad news is, in many ways, more fun to talk about.

I just see the fact that no one ever seems to say "Hey look! It's gone the other way" kind of interesting.

[mnhtnbb]

20. no one ever seems to say "Hey look! It's gone the other way"

I don't know about anybody else, but I was busy trying to decide on what "fire sale" items to pick up.

I'm firmly in the Warren Buffett camp. And today was one of those days to be greedy when others are fearful.

Here are 5 of his great tips:

https://thecollegeinvestor.com/3395/warren-buffetts-top-5-tips-investing/

[A HERETIC I AM]

21. Yup.

Ol' Warren is a smart guy. I think it was he who said it, but one of the best quotes I ever heard was "Never buy anything you can't explain to a ten year old" which goes to his avoiding Tech companies.

Another was basically, if you liked a stock at $10 (or whatever) you should love it at $8 (or whatever) - basically don't freak out because share prices are down.

It's true that trees don't grow to the sky, but healthy trees don't just whither and die, either. There is plenty wrong with this economy, and this country for that matter, but freaking out on day to day or even year to year fluctuations in the market will make anyone crazy.

Go to any finance platform you care to, Google, Yahoo, Bloomberg, whatever, and open a chart for the DJIA. Open it for a one week period. Looks scary. Open for a year. Still looks scary. 5 years, not too bad, ten, not bad at all. Open it for 50 years and it looks like what's been happening is a mere blip.