General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNYSE invokes rule 48 this morning
Futures down over 400 points in pre-trading.
Wild ride day, or good day to buy?
AngryAmish
(25,704 posts)TipTok
(2,474 posts)mahatmakanejeeves
(57,283 posts)Maybe the stock you buy today will be cheaper tomorrow.
And if I knew the answer to that, would I be sitting in a cubicle as I type this?
Best wishes.
ETA: Full disclosure: over the last few weeks, I have been buying shares. Right now, that looks like a good idea, but who can say what will happen in a month?
safeinOhio
(32,632 posts)and pretty much just sat it out. Every time my stocks have come back and 2X or 3X better in a few years. I did buy a bunch of Ford stock at $1.92 and that one worked out and now even pays a dividend.
Buy low, sell high.
GreatGazoo
(3,937 posts)Last week was a warning shot that should have told us all to get the heck out of the market before the real dip comes.
Likely the market will take a 15%+ dive between now and the end of October and it won't recover until the next election is settled (which could be before Nov 2016 is there is a clear leader -- the market would love some HRC).
The buying opportunities will come later. Today isn't it.
jberryhill
(62,444 posts)2naSalit
(86,307 posts)everything else has come early this year from snow in July to fall foliage in August.
I'm just gonna stay hunkered down and hope my summer job doesn't get truncated early by the temper-tantrum Congress. I don't have the disposable income to play the market anyway.
Johnyawl
(3,205 posts)OCTOBER: This is one of the peculiarly dangerous months to speculate in stocks in. The others are July, January, September, April, November, May, March, June, December, August, and February.
pinboy3niner
(53,339 posts)Mention Rule 48 and my first thought is Jethro Gibbs.
2naSalit
(86,307 posts)funny!