General Discussion

ramapo

(4,701 posts)

23. Ho-hum

Mon Aug 5, 2024, 12:03 PM

Aug 5

It goes up and it goes down. People either get irrationally exhuberent or see impending doom. Tech stocks in particular are way overvalued. Can you say Nividia? Just crazy. It'll settle down in a healthier place. The Middle East unrest doesn't help matters.

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What's happening with the stock market is apparently a correction, not a crash, of overvalued stocks, mostly tech/AI. [View all] highplainsdem Aug 5 OP

I always thought the S&P reflected the US economy. Emile Aug 5 #1

It is simply the 500 most valuable companies tinrobot Aug 5 #3

I always thought tech stocks were NASDAQ. Emile Aug 5 #7

S&P 500 ETF Components Celerity Aug 5 #16

'Thanks,' all my S+P's down. elleng Aug 5 #34

Hmmm lonely bird Aug 5 #39

Thanks. That was interesting to look at. Susan Calvin Aug 5 #42

NASDAQ is the exchange where a lot of them are traded tinrobot Aug 5 #36

Some posters will find this news disappointing, since hysteria and predictions of doom Ocelot II Aug 5 #2

This would be a good day PennRalphie Aug 5 #4

Was having a conversation about the market with a buddy three days ago Sympthsical Aug 5 #5

The market goes up, the market goes down. It comradebillyboy Aug 5 #6

Me too! Are we financial geniuses, or not? marybourg Aug 5 #10

Take the correction now so the markets notemason Aug 5 #8

..and their dreams of Crypto deregulation are fading... Chakaconcarne Aug 5 #9

Some sectors are doing reasonably well. Hugin Aug 5 #11

The powers that be want a rate cut Johonny Aug 5 #12

A lot of this is program trading RussBLib Aug 5 #13

I came in this morning and all of a sudden, people freaking, hire VP NOW!!! LizBeth Aug 5 #14

Thinking about the markets with no coffee onboard. Prairie_Seagull Aug 5 #18

lol.... LizBeth Aug 5 #19

Look @ what Nikkei's been doing recently. elleng Aug 5 #33

Thank you. obnoxiousdrunk Aug 5 #15

BINGO !! NASDAQ down 12% DOW down 5% over last 5 days,... text book correction uponit7771 Aug 5 #17

Correctomundo! SeanHG Aug 5 #24

Looks like most of NASDAQ is profit taking from APPL and NVIDIA, if this was 11% down for top 20% I'd be more concerned uponit7771 Aug 5 #27

I spent about 25 years in the investment business. It's not inflation, it's uncertainty about the election. ashredux Aug 5 #20

My opinion is that the rich people will get richer and the unrich willl explain the details. twodogsbarking Aug 5 #21

Thank you Maeve Aug 5 #22

Ho-hum ramapo Aug 5 #23

The Biggest Moron Of Them All Is Tr**p And This Is Playing Right Into His Hands....... global1 Aug 5 #25

It's the combination of a lot of things Warpy Aug 5 #26

The 10% correction is NASDAQ, DOW Jones is down only 1% IronLionZion Aug 5 #28

dow down 2.+ elleng Aug 5 #32

Tell this to the crazy click-bait wolf-crying media headline writers mdbl Aug 5 #29

Largest daily point drops in DOW history: LetMyPeopleVote Aug 5 #30

Third largest drop was 38.3 points. Points are meaningless Bernardo de La Paz Aug 5 #46

'Just' a 'correction' away from the phony/artificial/crypto crap? elleng Aug 5 #31

exactly - it's like -800 now - nothing but a blip samsingh Aug 5 #35

And a chart of stock market trends Bettie Aug 5 #37

I've been through many "crashes"... orwell Aug 5 #38

It's been expected for awhile. jmbar2 Aug 5 #40

I have been saying this for awhile BumRushDaShow Aug 5 #41

Market has been way over-valued moniss Aug 5 #43

After almost every tax giveaway Farmer-Rick Aug 5 #44

The market is disappointed that President Biden is leaving Mr. Sparkle Aug 5 #45