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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Your Lookin At SP 500 Going Down To 2000
Support levels have broken down and everything gained in Equities since T got elected could be wiped clean? That means SP500 at 2100. That is where the next level of support lies. The Feb low was 2581..
This is more of a consternation over the FED abandoning an accomodative policy and leaving Equities to the vagaries of a totally dysfunctional political process. That means the American people themselves are to blame because they tolerate such nonsense in their elected officials and government. That will make everyone's day. Last edited by tabs; 12-10-2018 at 08:25 AM.. |
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12-10-2018, 08:10 AM
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Join Date: Apr 2002
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Did you think the irrational exuberance was gonna last? Equities are simply returning to proper evaluations...minus the "juice" imo, and it's far from over...
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12-10-2018, 08:20 AM
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Bandwidth AbUser
Join Date: Nov 2001
Location: SoCal
Posts: 29,522
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Jim R. |
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12-10-2018, 08:22 AM
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Does this mean air-cooled Porsche's will go up or down in value?
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PCA, POC & SCCA long time Member |
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12-10-2018, 08:22 AM
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12-10-2018, 08:30 AM
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12-10-2018, 08:30 AM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,517
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The market does what the market does. What you do should depend on your age and tolerance of risk.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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12-10-2018, 08:35 AM
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How long before the Stock Market ruins property values?
What's the time lag on this? Found this: Could stock market volatility cause house prices to fall? Published: Oct 10, 2018 https://www.marketwatch.com/story/heres-one-thing-you-dont-need-to-worry-about-during-the-market-volatility-2018-02-06 Quote:
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1977 911S Targa 2.7L (CIS) Silver/Black 2012 Infiniti G37X Coupe (AWD) 3.7L Black on Black 1989 modified Scat II HP Hovercraft George, Architect Last edited by kach22i; 12-10-2018 at 08:41 AM.. |
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12-10-2018, 08:38 AM
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Team California
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Denis When hats and t-shirts are being sold at a funeral, it's a cult. |
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12-10-2018, 08:40 AM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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My doom and gloom scenario is beginning to look mighty fine right about now. Which means that I never thought it would last..that gravity would prevail. |
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12-10-2018, 08:41 AM
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Registered
Join Date: Oct 2003
Location: Roseville, CA
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So you have one thread saying the market will surge since the Fed said nice things, now you are claiming we're dropping to 2000?
You should be on TV with accurate predictions like those! |
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12-10-2018, 08:51 AM
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Bandwidth AbUser
Join Date: Nov 2001
Location: SoCal
Posts: 29,522
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tabs, the weather bunny?
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Jim R. |
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12-10-2018, 08:52 AM
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Brew Master
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Someone let me know when I should run outside and scream like my ass is on fire.
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Nick |
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12-10-2018, 09:00 AM
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Join Date: Apr 2002
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 Every ten years or so....it just happens... '87, '99, '08, '19.... Last edited by KFC911; 12-10-2018 at 09:19 AM.. |
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12-10-2018, 09:15 AM
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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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Quote:
Read critically. I raised a red flag in late June about the psychology of Equities chaging when Powell raised interest rates and Equities sank. I had a wait and let's see attitude. Equities have become increasingly choppy since then. Recently I have said there is an uncertainty and confusion that has caused traders to hesitate from piling back in, now it is a wait and see attitude. They are protecting the money.. We have bounced off 2585 which was a bit above the 2581 low in Feb. We will see what today's close is...today could be the low and a rally follows??? Or if we break lower than 2581??? Below 2581 well your next stop would around 2100. That's why I say 2000. I watch support levels as psychological bench marks. As I said the animal spirits talk to me and they are scared of falling off a cliff today. |
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12-10-2018, 09:38 AM
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Unregistered
Join Date: Aug 2000
Location: a wretched hive of scum and villainy
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12-10-2018, 09:55 AM
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Join Date: Dec 2007
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It looks like we bounced but who knows.
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12-10-2018, 11:01 AM
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Dept store Quartermaster
Join Date: Jul 2001
Location: I'm right here Tati
Posts: 19,858
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Put some measurables on it, 2000 by when? I'll grant you some grace, ballpark it for me.
I'm not saying you're wrong but that would be an historic free-fall if your time frame is tight.
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Cornpoppin' Pony Soldier |
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12-10-2018, 01:36 PM
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G'day!
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Old dog....new tricks..... |
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12-10-2018, 01:47 PM
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,517
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A wild market day for sure. Starts off down over 500 on the DOW, closes under 100 up. Crazy volatility. Not a clue what to make of it.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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12-10-2018, 02:06 PM
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1976 Porsche Targa
1977 Porsche 911S 2.7L
1985 Porsche 911 Cab
1964 Porsche 356 C Sunroof coupe
1972 Porsche 914 2.0 fuel injected
1983 Porsche 911 SC Targa
Work vehicle
