Dow down -785

[spanone]

Last edited Mon Sep 21, 2020, 10:23 AM - Edit history (1)

[RazzleCat]

1. got mixed emotions re: dow going down

1. Yes, you know who keeps shouting how great the market is, so tank baby, tank.

2. I am retired a live off of my investments, so no don't tank.

End up with, just go down, I will survive less income, but not more Trump.

[empedocles]

4. Get out of stocks, etc., into something like t-bills. Try and hold on to what you already have.

[Johnny2X2X]

14. If you're retired you should be mostly out of equities

I am far from retirement, but moved to Bond funds and cash earlier this year. In fact, I have a rooting interest in the markets tanking. They go down and bonds look like better investments and my returns from my bond funds rise.

Nothing wrong with rooting against the market if you've bet against it.

[RazzleCat]

37. t-Bills pay squat

As in they don't even keep up with inflation. I am invested across a variety of equities 43 individual (blue chips that pay dividends), and 9 different mutual funds. I also am (for me) cash rich right now (I cashed out for about 9 months worth of expenses when it spiked recently). History says if I ride it out, I will come out ahead. I know if I cash out the combination of massive capitol gains and the lower rate of return on t-bills is just not smart.

[Awsi Dooger]

38. Fear of equities is big around here

The stock market is forever proposed to drop in half.

I am scared of lack of risk. In fact, I have only one bond fund and recently switched it to a more aggressive one

I'd love to see the market drop until election day to help boot Trump

[Demsrule86]

19. We have money in stocks that we were counting on if hubs and I can't find jobs before

unemployment runs out. So I feel you...we can't survive.

[empedocles]

2. Gold & oil confirming

Possibly, a rough week for traitortrump a coming - we might be hearing from trump soon.

[Distract him from his more recent bullying barr - on to tearing into the munchkins].

[still_one]

3. I think what is happening with the alarming increase of COVID cases in the U.K. is a factor in this

because many can see the writing on the wall happening here without effective mitigation measures, which doesn’t appear to be on the horizon, and in fact just the opposite is occurring from the WH

[empedocles]

6. All sorts of chickens could come home to roost

'chickens come home to roost your past mistakes or wrongdoings will eventually be the cause of present troubles. This phrase comes from the proverb curses, like chickens, come home to roost. 1997 Arundhati Roy The God of Small Things He knew, had known, that one day History's twisted chickens would come home to roost.'

Chickens come home to roost - Idioms by The Free Dictionary

[greenjar_01]

5. It's late September, the polls aren't budging, and are likely to get worse for Trump

The thieves he has been paying off with big tax schemes realize the jig is close to up.

[lindysalsagal]

36. Agreed. Recent endorsements look like titanic is tipping...

[cbdo2007]

7. Just wait, I have a feel October is going to have a significant drop. The house of cards is unstable

[spanone]

8. -690

[spanone]

9. -736

[Wounded Bear]

10. There is always profit taking this time of year, with a chance of a real dip...

IIRC most major downturns start this time of year.

[lagomorph777]

11. The market is terrified due to RBG's passing.

But we shall overcome.

[teamster633]

12. I heard on on NPR this morning that bank stocks were going to tank...

...due to the recent document leaks.

[Wellstone ruled]

13. Today is all about the

media finally reporting something about the FinCen Documents release. The Big Boys and Girls are being exposed as to their Money Laundry Schemes World Wide. Liz Warren is once again right on.

And those whom thought the Bank of Crooks and Thieves collapse would end this practice have been proven wrong once again. We are just getting a glimpse of things to come.

This might be the tipping point I mentioned yesterday about the slide into a major recession and depression which will rival the 1929 debacle.

[uponit7771]

16. Yep, FinCen is huge and under reported

[Wellstone ruled]

17. At this point in Bloomberg's

News reporting today. Talk about Spin. Wow,everything but FinCen. BTW,Gold and most Metals are traded by JP Morgan-Chase. And there is and never was enough hard metal to cover their issuance of Paper Script in lieu of hard metal. Just another method of Money Laundering by the less than honest folks.

Waiting for Glencore to go upside down as the first casualty in this scandal.

[uponit7771]

18. +1, I bet the margins was another casualty of deregulation of trump

[Hugin]

21. I've been harboring this pet theory that behind Old Yeller's insistence in maintaining a High Dow...

for re-election was pressure from organized criminal enterprises to keep a bubble going in the markets. Because, it hides their laundering and payoff activities.

Of course, I'll never know this for certain, but, It's what I suspect.

[Wellstone ruled]

23. Heard the same story from

a Trumper Broker we know quite well. He runs a string of Day Traders.

[Hugin]

29. Speaking of Day Traders...

Some of this volatility is no doubt driven by the hordes of COVID unemployed who've turned to trading as a means to have some sort of an income.

Due to fees, churning, and profit taking by the larger institutional trading firms this group is probably about out of resources at this point.

I do feel very sorry for them.

They've taken multiple big existential hits in all of this, but, will they ultimately realize it didn't have to go down in this manner. And, rightfully, put the blame on Trump and the GOP for not developing and fielding a unified response.

It's only going to get worse.

[Wellstone ruled]

31. As per the Broker Dude,

he sets up margin accounts for his Traders. Cheap money keeps this wheel rolling.

He has buy side and sell side groups. BTW,it is a 24 hour operation with one group buying in while the other selling into sucker moves.

[MineralMan]

15. Banks and Money Laundering

The news. The DOW is a reactive index.

[Wellstone ruled]

24. Bloomberg Eourpe last night was

calling out various names and Banks involved. By daybreak nothing.

[MineralMan]

25. I heard something about it this morning on the CBS morning news show.

Financial news bores me, though, so I haven't explored the subject.

[Wellstone ruled]

26. There is a U Tube

explaining all the ins and outs and who,what,where and why this was allowed to happen.

[MineralMan]

28. OK. Like I said, I'm neither surprised about this

nor interested enough to go looking for explanations of it. I'm sure I'll hear more without that.

[Wellstone ruled]

30. Of Topic,

how did that brake job go?

[MineralMan]

32. I won't do that until next month.

I have a bunch of work lined up. I'm ordering the parts, though.

[Wellstone ruled]

33. Sounds like a plan.

Parka and Brake Job. Only in Minnesota.

[MineralMan]

34. There are always a few nice days in October.

[Wellstone ruled]

35. So true.

And with Climate Changes,your fall is now extending into December.

[crickets]

39. Would you mind dropping a name or a link, please?

I'd be interested in checking it out - there's only so much reading I can do before my eyes start to cross. Thanks.

[Wellstone ruled]

40. Go to U Tube and type in FinCen

or David Corn or Mother Jones

[crickets]

41. Ah, I thought you had a more specific source in mind. Great suggestions, thanks. nt

[Wellstone ruled]

42. Sorry,usually check certain

U-Tubers every evening. That story popped as a selection. Could not resist. David Corn is one of the last true Investigative Reporters that have not been tainted by Right Wing Media.

[crickets]

43. No problem at all! It was lazy not to just go look for myself.

Agreed on David Corn- he is one of the best. Thanks again for the pointers.

[Rice4VP]

20. -836 it was -911 a few minutes ago

[Takket]

22. All the "bail out" money has evaporated into 1%er bank accounts

And now they are getting bored. Looking fir a few more trillion.

[ProfessorGAC]

27. Down 2.8% at 11:38 CDT

S&P down 2%
NASDAQ down 1.2%
Won't opine until close.
I've got a hunch there will be an afternoon rebound.