Well my new pair of sticky pants kept me glued to the seat but I got car sick.
On the bright side, those futures look like just normal sell off days and not triple panic like we had friday. The only two things weighing the market are the interest rates going up because of the bright business future on the way and the sad fact that we have been due for a correction for a long time. So bottom line is there's really nothing crazy that is driving this decline except fear it seems to me. coolhand says the dumb money says sell, the smart money says "who knows" (neutral). I think we drop another couple days then rocket back up to recover about half of fridays losses and then back to bull. So, that's why I'm probably going to sit out after today and preserve whats left of my christmas money. I'm retired and about half invested and a little risk averse.
Well my new pair of sticky pants kept me glued to the seat but I got car sick.
May the force be with us.
The only other thing I can say about today is this:
and this:
rollercoaster.jpg
May the force be with us.
Don't Fight the FED! No I'm not yelling.
Congratulations to the "G" funders for getting to the top of the AutoTracker. No really I mean it. Great opportunity to stay at the top.
May the force be with us.
I haven't had a two day loss like this since June 24th and 27th 2016. That was a Friday and Monday also.
Things did turn around and I finished July with a 5.40% from a -5.55% on 6/27/16.
So maybe there is hope in the near future.
May the force be with us.
Since January 26th I have gone from a 5.34% to a -2.22%. Sounds like I will go lower today. Let's hope we can recover in a couple of months and not take a whole year.
May the force be with us.
Machines had their fingerprints all over a Dow rout for the ages
Bloomberg
Machines had their fingerprints all over a Dow rout for the ages
"...For 15 harrowing minutes just after 3 p.m. in New York a deluge of sell orders came so fast that it seemed like nothing breathing could’ve been responsible..."
May the force be with us.
Gee! Now I don't feel so bad.
Warren Buffett’s Net Worth Just Dropped by $5 Billion in a Single Day
Money
Warren Buffett?s Net Worth Just Dropped by $5 Billion in a Single Day
"As stocks plunged on Monday, some of the world’s richest men—including Warren Buffett, Mark Zuckerberg, and Jeff Bezos—lost billions in a matter of hours, at least on paper."
May the force be with us.
Market meltdown: Here's why you shouldn't panic just yet
CNN
Market meltdown: Here's why you shouldn't panic just yet
"...Many experts say this week's slump is likely to be a short-term blip and not cause for bigger concerns. Here's why..."
May the force be with us.
Elon Musk has way too much money.
Elon Musk Unveils 'Starman' in Tesla Roadster Launching on SpaceX's Falcon Heavy Rocket
By Hanneke Weitering, Space.com Staff Writer | February 5, 2018 11:07am ET
https://www.space.com/39593-starman-...n=20180205-sdc
"One day before SpaceX's new Falcon Heavy rocket is slated to blast off on its maiden voyage with a Tesla Roadster on board, Elon Musk has revealed that the electric sports car may have a passenger.
In a series of Instagram photos captioned "Starman in a Red Roadster," Musk debuted a dummy wearing an official SpaceX spacesuit, buckled up and apparently ready to blast off on a mission to Mars."
May the force be with us.
The launch of the Falcon Heavy is today between 1:30pm and 4:00pm EST.
In Photos: SpaceX's 1st Falcon Heavy Rocket Readies for Launch
By SPACE.com Staff | February 4, 2018 10:15am ET
https://www.space.com/39279-spacex-f...n=20180205-sdc
May the force be with us.
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