At the end of trading today

[DemocratSinceBirth]

15 votes, 0 passes | Time left: Unlimited
	The Dow will be flat
	1 (7%)
	The Dow will be up, a lot
	0 (0%)
	The Dow will be down, a lot
	12 (80%)
	Other
	2 (13%)
	0 DU members did not wish to select any of the options provided.
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[swhisper1]

1. I dont care, it will be up and down all week, the usual panic attack

Last edited Fri Jun 24, 2016, 05:34 PM - Edit history (1)

[DemocratSinceBirth]

2. Well

" I dont (sp) care."

You could have voted other.

[leftofcool]

29. Really?

Those of us with Teachers' Retirement care. Union pensioners care. All State retirees care. Maybe you didn't know that most retirement is tied up in Wall Street?

[Sheepshank]

40. Just when I felt like the 2008 debaucle was finally repaired

yup...looks like my retirement is put off at least another 9 years. That's a total of 18 extra years I had to work, through no fault of my own, where my 401K was touted to cover my basic needs for the rest of my life.

[JRLeft]

34. I do, I'm getting screwed right now.

[cherokeeprogressive]

3. The markets will be down. But they will come back.

Nothing but the vote has actually happened. What the world will see today will be evidence of how the speculators can fuck up the world over a hiccup.

Here's my speculation: on the day the tie is actually broken (which is years down the road) the markets will have recovered. Completely.

[DemocratSinceBirth]

6. I agree...

One of my motivations for hoping Britain would vote to remain is because Trump and most of the right wanted them to vote to leave.

I do think the Brits in their desire to stick it to The Man have stuck it to themselves.

In a week we will be talking about something else.

[yellowcanine]

16. It is already coming back up. Dow futures were -500, now

Dow is -437. Institutional investors will be buying today.

[JRLeft]

35. I expect more of this, another country or 2 exiting the EU.

[workinclasszero]

4. Wave goodbye to your 401k

The little one I had got wiped out in the 90's.

So glad pensions were killed in favor of 401k's.

[DemocratSinceBirth]

7. I literally lost everything in the Great Recession.

Any way, don't do anything ... This will pass...

[workinclasszero]

10. I'm in the same boat

If I had a guaranteed pension I could count on that. A 401k is a bet in the gambling casino that it will grow and be there when you need it.

I lost that bet as did millions of other people.

[yellowcanine]

13. On the contrary, hang tight. The worst thing you can do is to panic now.

The market will bounce back quickly and someone is going to make a lot of money off the people who panicked and sold.

[TheBlackAdder]

33. Hey, I have an idea... Let's put our Social Security into the stock market. Oh, wait! Shit!

[whatthehey]

39. Even now it's way up in recent years and in the long term

Silly temporary panics only hurt people who sell.

[Joe the Revelator]

5. Flat to nominally down at the end of the day.

A lot of panic selling to start, then money moving into the US market as a refuge.

[DemocratSinceBirth]

9. All the panic selling at the open seems to be over.

The market is down by 2.59%


That's technically not flat, but not "jump off buildings" bad.

[Joe the Revelator]

12. -500 seemed to be the end of the bridge.

It went lower than that, but not for long.

And I agree, 2.59% can be felt, but it can also be made up in a good week. Q2 earnings are coming up in the next month.

[DemocratSinceBirth]

15. I am not invested.

My motivation for wanting the markets to be up is if they go down it's bad for the Democrats. We are the in party and will be blamed.

Also, a lot of people are invested, in their 401ks or through their pensions.

[leftynyc]

8. Down around 25-300 at close

It'll rebound next week.

[CrispyQ]

11. Who cares?

The 1% will take care of their precious market.

[DemocratSinceBirth]

14. I am not invested but I care...

A drop in the market helps the GOP.

[yellowcanine]

17. Don't be foolish. Many more people than the 1% have money in the market.

Lots of school teacher pension funds have money in the market, for one - TIAA-CREF, for one. School teachers are not the 1%.

[CrispyQ]

18. The 1% will take care of their frickin' market. -nt

[yellowcanine]

24. And I repeat. Don't be foolish. It is not "their" market.

The notion that only rich people should be in the market is what keeps people poor. Invest a small amount every paycheck in a moderately aggressive stock fund (60%) and a fixed annuity (40%) and over time you will build wealth. It is called dollar cost averaging. When the stock market goes down your small amount buys more stock. It is a cliche but some cliches are actually true.

[Silver_Witch]

26. Actually it is Their Market !

And after small investors are hurt by all the panick mongering on sites like this the poor and middle class will loss and the rich will gain. It is how the market works!

[yellowcanine]

37. "after small investors are hurt by all the panick mongering" So don't panic.

Sit tight. That is why one pays attention to the basics and has a balanced approach. Only if one is leveraged (borrowing money to buy stocks) is there any reason to panic - which a small investor should never do - because that is gambling. Seriously you actually do not have any clue as to how the market works.

[CrispyQ]

49. What keeps people poor is low wages.

The market isn't viable for millions & millions of Americans who barely make enough to get by, much less save for a rainy day. For us, the market is for the professional class & above. Same with health savings accounts & tax cuts. They're great for people who make enough to contribute or qualify, but if you're living on the edge it's squat.

[DemocratSinceBirth]

19. That is true... I couldn't care less about Wall Street, except how it affects Main Street.

[leftofcool]

30. Most of us with pensions and retirement are not 1%

[greatauntoftriplets]

46. I can't believe that we're reading this here.

[greatauntoftriplets]

45. Will the 1 percent take care of retirees like me?

I depend on Social Security and my retirement savings, and they just took a hit.

[KingFlorez]

47. As others have mentioned, non-wealthy people have money in the market

Believe it or not, there are people on fixed incomes or set for a fixed income after retirement who have money in the market. Plus, a drop could effect jobs in the long run. This is nothing to be flip about.

[yellowcanine]

20. I voted other - the Dow will be down 1% or less.

When it plunges like that at the beginning it nearly always comes back up. Also the Dow had a big gain yesterday, probably partly in anticipation of a "stay" vote. So it was bound to lose that gain and more when the reverse happened. But just as yesterday was an over reaction, so was the plunge this morning.

[spooky3]

23. Agree--and a reaction to all of the "sky is falling" news reports

[cosmicone]

21. Intra day, the DOW will drop about 200-300 but it will recover

ending about 10-60 down

[spooky3]

22. I think it may end a little more down, but agree

About the trend. Lots of people will see buying opportunities to offset the panic.

However if I were good at predicting the market I would be rich.

[yellowcanine]

32. The people who try to "time" the market are the ones who are gambling.

I know some people who got out in 2008 and were congratulating themselves for "saving" their gains but some missed the upturn and did not get back in soon enough so they lost a lot of gains. OTOH I did nothing in 2008. I admit I did not look at the quarterly reports for a couple of years. But I am damn glad I did not try to time the market. I got everything back and much more. I am never getting out of the market. I will take the required minimum distributions starting when I am 70 and reinvest anything I do not need to live on right back in the market. The key is to have a balanced portfolio (I do 60/40; stocks/fixed annuities) and then automatically rebalance it every year on your birthday.

[spooky3]

41. Yes. And, my prediction is not looking good.

But maybe the creeping up will take place over more days.

[yellowcanine]

42. Well there is the possibility this could trigger a correction.

Some thought we were overdue for one. Still not a reason to panic though, even if the Dow goes down 10% - the usual amount considered a correction.

[Adrahil]

25. Don't really have this option. Down moderately.

This is an emotional response and most people will realize it as the day progresses. The real economic impacts are a year or more away.

[Agnosticsherbet]

27. Price decrease384.98 (2.14%) nt

[Silver_Witch]

28. You forgot one!

The rich will get richer And the poor will loose everything yet again!

[liberal N proud]

31. Down more than 400 at end of "regular" business

Then it will continue to drop in after hours trading.

[bigwillq]

36. I think it will be down a lot

And then probably stabilize late next week.

[whatthehey]

38. I'll guess about 300-350

Recovered in next two weeks.

[B Calm]

43. They say it will take up to 5 years for Brexit to happen, but the Wall Street Banksters today have a

a new excuse to steal your investments.

I look for a huge drop.

[B Calm]

44. DOW -610.32

[DrDan]

48. I'd guess 600 or so

[CrispyQ]

50. It's been less than a week & the market is almost back.

For all the shit I had to take above for saying the 1% will take care of their market. Will it last forever? I don't think so, but they will prop up the market for as long as they can.

The system isn't broken, the system is fixed.