Economy
In reply to the discussion: STOCK MARKET WATCH -- Wednesday, 26 August 2015 [View all]StoneCarver
(249 posts)I appreciate your posts. You give us the data. But I do miss (guiderglider, dixiegirl, grirlgonemad, warpy, etc.) the people telling us what it all means. I think the data are pretty overwhelming this is a correction -not a crash. the easy money is gone. Sorry you MTF-ing day traders. The discount window will have an interest rate charge -and thankfully a cost for future investments. This will bring discipline to the markets once again. After it all settles, it will be time to invest again. Companies are worth money because they make money -period! (Remember those crazy dot.com companies? where the P/E's were zero?)
The "smart money" was out two months ago when Bill Gross recommended "pulling some money off the table". I wish more people listened to Bill Gross and Mohamed El-Eiran (PIMCO). Thanks Bill and Mohamed. A few people have your backs.
Stonecarver