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Breaking! DJIA (stock market) to fall below 30K today?

 
Anonymous Coward
User ID: 80367851
United States
09/22/2022 11:23 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
I'm fucked. My stocks are in the shitter. Dads n my retirements lost big time money.
 Quoting: Phennommennonn


That's what you get for making poor choices and being deceived into playing a betting game by banker scum.

You think you can sit on your ass, hand your money to brokers, and create wealth without being productive.

It's called being greedy, and you get what you deserve.

Anyone with a 401k or retirement funds in the stock market after watching 2008 happen gets zero sympathy.
Anonymous Coward
User ID: 80367851
United States
09/22/2022 11:24 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
5 points to go!

DOOOOOOOOOOOOOWWWWWWNNNNNN THE DOW GOES.
Lady Jane SmithModerator
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09/22/2022 11:24 AM

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Re: Breaking! DJIA (stock market) to fall below 30K today?
I'm fucked. My stocks are in the shitter. Dads n my retirements lost big time money.
 Quoting: Phennommennonn


That's what you get for making poor choices and being deceived into playing a betting game by banker scum.

You think you can sit on your ass, hand your money to brokers, and create wealth without being productive.

It's called being greedy, and you get what you deserve.

Anyone with a 401k or retirement funds in the stock market after watching 2008 happen gets zero sympathy.
 Quoting: Anonymous Coward 80367851


Do you lick your own butt? Your face is covered in shit. You must live in Los Angeles.
Fate whispers to the warrior

"You cannot withstand the storm"

and the warrior whispers back

"I am the storm"

INTJ

Killer Bunny
Anonymous Coward
User ID: 70833974
United States
09/22/2022 11:25 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
30,000 will be defended tooth and nail!
Lady Jane SmithModerator
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09/22/2022 11:26 AM

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Re: Breaking! DJIA (stock market) to fall below 30K today?
DOW desperately trying to hold the psychological level of 30K.

Let's see how she closes. Any close below 30K will likely trigger many SL orders, and will start sending margin calls to those without protective orders in place.
Fate whispers to the warrior

"You cannot withstand the storm"

and the warrior whispers back

"I am the storm"

INTJ

Killer Bunny
Anonymous Coward
User ID: 84127244
United States
09/22/2022 11:26 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
UH...IT MIGHT BE IMPORTANT AND INFORMATIVE TO WATCH THAT EUROPE STOXX-600 FOR THE FINAL HOUR...IT MAY TELL U.S. SOMETHING..
 Quoting: Anonymous Coward 84127244


IT SEEMS TO BE RIGHT AT A KEY? 400 LEVEL?!?!?!UH
 Quoting: Anonymous Coward 84127244
Anonymous Coward
User ID: 84227855
Australia
09/22/2022 11:29 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
I'm fucked. My stocks are in the shitter. Dads n my retirements lost big time money.
 Quoting: Phennommennonn


That's what you get for making poor choices and being deceived into playing a betting game by banker scum.

You think you can sit on your ass, hand your money to brokers, and create wealth without being productive.

It's called being greedy, and you get what you deserve.

Anyone with a 401k or retirement funds in the stock market after watching 2008 happen gets zero sympathy.
 Quoting: Anonymous Coward 80367851


Fuck I wanna slap you
Maddrummerboy

User ID: 84078998
United States
09/22/2022 11:29 AM

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Re: Breaking! DJIA (stock market) to fall below 30K today?
We're in the process of finalizing our house plans, planning to break ground around December. Hopefully contractors will start to get desperate and reduce their costs.

Also will be sitting on the sidelines to snag a couple smaller rental houses in our rural area of SE Texas, if we see a downturn around here.

Lots of 6 figure jobs to be had in the oilfield and refineries so we may not see a drastic drop-off like other states
 Quoting: Maddrummerboy


They may drop their labor charges, or plus up percentage, but the materials cost will still be there.

This is a tough time to be building a new house. maybe consider a spec home a builder is desperate to unload?
 Quoting: Lady Jane Smith


We're on 3 acres, built our barndo that we're in now back in 2014, payed cash as we built. We're going to build the house with cash too so I'm not concerned about interest rates.

Supply issues we'll have to work through.

Right now we can sub it out ourselves for $150-175sqft depending on finishes that we choose.

We've been reluctant to build until we had cash saved to do so.

Our neighbors finished their 3500sqft house back in the spring. Took about 10 months for them to complete. Windows took 6 months to get. The wife and daughter work for a building supply company north of houston so they can get us 25% off alot of stuff, doors, windows, trim, etc...

Wish us luck!
Anonymous Coward
User ID: 84104513
United States
09/22/2022 11:30 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
I'm fucked. My stocks are in the shitter. Dads n my retirements lost big time money.
 Quoting: Phennommennonn

I feel your pain!
Anonymous Coward (OP)
User ID: 81572744
Czech Republic
09/22/2022 11:31 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
 Quoting: Useless Eater 8675309 81572744


Link goes to a search box?
 Quoting: Phennommennonn


Try this: [link to bigcharts.marketwatch.com (secure)]
Anonymous Coward
User ID: 82075347
09/22/2022 11:31 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
It won’t stop going down until 25,000 to 27,000…
Lady Jane SmithModerator
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09/22/2022 11:31 AM

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Re: Breaking! DJIA (stock market) to fall below 30K today?
We're in the process of finalizing our house plans, planning to break ground around December. Hopefully contractors will start to get desperate and reduce their costs.

Also will be sitting on the sidelines to snag a couple smaller rental houses in our rural area of SE Texas, if we see a downturn around here.

Lots of 6 figure jobs to be had in the oilfield and refineries so we may not see a drastic drop-off like other states
 Quoting: Maddrummerboy


They may drop their labor charges, or plus up percentage, but the materials cost will still be there.

This is a tough time to be building a new house. maybe consider a spec home a builder is desperate to unload?
 Quoting: Lady Jane Smith


We're on 3 acres, built our barndo that we're in now back in 2014, payed cash as we built. We're going to build the house with cash too so I'm not concerned about interest rates.

Supply issues we'll have to work through.

Right now we can sub it out ourselves for $150-175sqft depending on finishes that we choose.

We've been reluctant to build until we had cash saved to do so.

Our neighbors finished their 3500sqft house back in the spring. Took about 10 months for them to complete. Windows took 6 months to get. The wife and daughter work for a building supply company north of houston so they can get us 25% off alot of stuff, doors, windows, trim, etc...

Wish us luck!
 Quoting: Maddrummerboy


Acting as your own GC will save bundles. The 25% discount is big time when purchasing supplies for a house build.

Hope all goes smoothly.
Fate whispers to the warrior

"You cannot withstand the storm"

and the warrior whispers back

"I am the storm"

INTJ

Killer Bunny
442

User ID: 80630086
09/22/2022 11:31 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
crash and burn it will
Anonymous Coward
User ID: 41983100
United States
09/22/2022 11:32 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
A couple years from now, you'll have work, digging potatoes by hand, and you'll be grateful. Your sleeping bag won't keep you warm at night, but you'll survive. The Party will tell you there's an honor that comes from working with your hands.
Maddrummerboy

User ID: 84078998
United States
09/22/2022 11:32 AM

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Re: Breaking! DJIA (stock market) to fall below 30K today?
We're in the process of finalizing our house plans, planning to break ground around December. Hopefully contractors will start to get desperate and reduce their costs.

Also will be sitting on the sidelines to snag a couple smaller rental houses in our rural area of SE Texas, if we see a downturn around here.

Lots of 6 figure jobs to be had in the oilfield and refineries so we may not see a drastic drop-off like other states
 Quoting: Maddrummerboy


They may drop their labor charges, or plus up percentage, but the materials cost will still be there.

This is a tough time to be building a new house. maybe consider a spec home a builder is desperate to unload?
 Quoting: Lady Jane Smith


We're on 3 acres, built our barndo that we're in now back in 2014, payed cash as we built. We're going to build the house with cash too so I'm not concerned about interest rates.

Supply issues we'll have to work through.

Right now we can sub it out ourselves for $150-175sqft depending on finishes that we choose.

We've been reluctant to build until we had cash saved to do so.

Our neighbors finished their 3500sqft house back in the spring. Took about 10 months for them to complete. Windows took 6 months to get. The wife and daughter work for a building supply company north of houston so they can get us 25% off alot of stuff, doors, windows, trim, etc...

Wish us luck!
 Quoting: Maddrummerboy


Acting as your own GC will save bundles. The 25% discount is big time when purchasing supplies for a house build.

Hope all goes smoothly.
 Quoting: Lady Jane Smith


Goofy Thum
Lady Jane SmithModerator
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09/22/2022 11:33 AM

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Re: Breaking! DJIA (stock market) to fall below 30K today?
It won’t stop going down until 25,000 to 27,000…
 Quoting: Anonymous Coward 82075347


Agree ... unless we end up in a hot war.

If war is avoided, the 25K-27K, sometime in 2023, is pretty much the target I expect from this recession.
Fate whispers to the warrior

"You cannot withstand the storm"

and the warrior whispers back

"I am the storm"

INTJ

Killer Bunny
Anonymous Coward (OP)
User ID: 81572744
Czech Republic
09/22/2022 11:33 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
It won’t stop going down until 25,000 to 27,000…
 Quoting: Anonymous Coward 82075347


Gotta break through 30K first. Lots of resistance there. Major psychological barrier. But when it finally goes

boom33
Bud Fox

User ID: 84223211
United States
09/22/2022 11:34 AM

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Re: Breaking! DJIA (stock market) to fall below 30K today?
DOW desperately trying to hold the psychological level of 30K.

Let's see how she closes. Any close below 30K will likely trigger many SL orders, and will start sending margin calls to those without protective orders in place.
 Quoting: Lady Jane Smith


I will be shocked if they let it slip below 30K yet, to keep the propaganda going that everything is ok for a while longer. When it goes I think it will go hard, for some of the reasons you mentioned above.

More troubling is the 10 year is spiking again, up 18 basis points today. We have to watch that closely as the bond market is many magnitudes larger than equities, and if they lose control of that it all comes down.

[link to www.investing.com (secure)]
Blue Horseshoe loves GLP
Anonymous Coward
User ID: 80518909
United States
09/22/2022 11:37 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
March 5, 2009 DJIA was 6,929. January 4, 2022 DJIA was 36,799.65. Those below the age of 55 will be just fine. Those over 55 living below their means and a debt free lifestyle will be just fine. Never jump off a rollercoaster mod ride.
442

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09/22/2022 11:40 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
DOW will loose 65% soon
Anonymous Coward
User ID: 84222933
United States
09/22/2022 11:40 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
something bad is happening

their is a sudden downward swing

like a deep undercurrent
 Quoting: Anonymous Coward 82677839


Yes.
It's the 3 confirmed quarter os contraction meaning a deep recession incoming.

You've been warned. Plan accordingly
 Quoting: Anonymous Coward 78215761


That, and a maintained inverted yield curve.

I am putting some $$$ into the 1 year note today at 4%. Why? 4% is better than nothing, and I expect yield rates to increase over the next 12 months. Hoping to roll that into a double digit yield, longer term note next year.
 Quoting: Lady Jane Smith


How does one put money into a 1 year note?
Anonymous Coward
User ID: 3556331
United States
09/22/2022 11:41 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
DRS GME. ALL you need to KNOW.
Anonymous Coward
User ID: 83771332
United States
09/22/2022 11:45 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
Our recent low was 19k during the pandemic, you are all catastrophizing.
MAGA Republican BrainGuy
Comedy is Terrorism to the Stupid

User ID: 84218076
United States
09/22/2022 11:48 AM

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Re: Breaking! DJIA (stock market) to fall below 30K today?
PPT clocked in early.
 Quoting: DieselTech


They're gonna need a bigger boat...
Nov 11, 2022: Anyone not wearing 2,000,000 sunblock is going to have a real bad day.
MAGA Republican BrainGuy
Comedy is Terrorism to the Stupid

User ID: 84218076
United States
09/22/2022 11:51 AM

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Re: Breaking! DJIA (stock market) to fall below 30K today?
DOW desperately trying to hold the psychological level of 30K.

Let's see how she closes. Any close below 30K will likely trigger many SL orders, and will start sending margin calls to those without protective orders in place.
 Quoting: Lady Jane Smith


I will be shocked if they let it slip below 30K yet, to keep the propaganda going that everything is ok for a while longer. When it goes I think it will go hard, for some of the reasons you mentioned above.

More troubling is the 10 year is spiking again, up 18 basis points today. We have to watch that closely as the bond market is many magnitudes larger than equities, and if they lose control of that it all comes down.

[link to www.investing.com (secure)]
 Quoting: Bud Fox


NPR preparing stories now exclaiming that retirees can look forward to going on Funemployment vacations in their backyards because of the Inflation Fightment Act (or whatever they called it)!

Whoa to you, oh Earth and Sea.

starving
Nov 11, 2022: Anyone not wearing 2,000,000 sunblock is going to have a real bad day.
Anonymous Coward (OP)
User ID: 81572744
Czech Republic
09/22/2022 11:54 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
Our recent low was 19k during the pandemic, you are all catastrophizing.
 Quoting: Anonymous Coward 83771332


And the backdoor bailouts came swift and early. That was then. Now, with inflation soaring, the Fed's hands are tied.

Back then the yield curve inverted for like a day. It inverted I think three times for a day or two each time.

Right now, the 10:2 yield curve has been inverted for, what, two months? We're looking at a downturn comparable to 2008 or the dot com crash.

Look at this:

[link to fred.stlouisfed.org (secure)]

Now, are we catastrophizing? Or are we being real?
Anonymous Coward
User ID: 83385760
United States
09/22/2022 11:56 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
I'm fucked. My stocks are in the shitter. Dads n my retirements lost big time money.
 Quoting: Phennommennonn


That's what you get for making poor choices and being deceived into playing a betting game by banker scum.

You think you can sit on your ass, hand your money to brokers, and create wealth without being productive.

It's called being greedy, and you get what you deserve.

Anyone with a 401k or retirement funds in the stock market after watching 2008 happen gets zero sympathy.
 Quoting: Anonymous Coward 80367851


What about those that went all in at the bottom in 2008 and are still hodl
Anonymous Coward
User ID: 80620981
Portugal
09/22/2022 11:57 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
Market collapse SOON it will be new 2008. They need it for Great Reset and CBDC. Its also possible we are going to have soon NATO-Russia war or even WW3 and big money is selling.
Anonymous Coward
User ID: 82075347
09/22/2022 11:59 AM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
How is everyone doing with President Joe Biden and his administration of our economy?

Kind of makes a bunch of mean tweets seem like a really good day!

I’ve lost over 700,000 dollars and it sucks big time…fjb!

Just remember Biden did that!!! Go vote!
Anonymous Coward
User ID: 84114865
United States
09/22/2022 12:00 PM
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Re: Breaking! DJIA (stock market) to fall below 30K today?
I still say... Death by a thousand cuts. It could settle under 30K but it will be little by little. No hard carsh.
 Quoting: Anonymous Coward 80257640


If a tactical nuke is deployed -- hard crash. All bets are off.

Otherwise, I agree, that agonizing drift down like 2008-2009, along with a nasty dose of stagflation.

Maintain a stop market order, preferably in profit, on all your stocks. I said stop market, not stop limit. Why? because if that nuke does fly, the crash will be hard and fast, meaning a stop limit may not execute in time to protect your original investment.

Good luck to all.
 Quoting: Lady Jane Smith


I got 30,000 in my water/fireproof/emp proof safe.

I got my hazmat suits ready to go.

I got cans upon cans for months of food to live off of

2 generators are ready and filled.

Got my medical supplies all ready in containers.

Got led lanterns that last very very long, solar powered battery banks and cb, ham radios, along with handheld walkie talkies.

LETS GOOOOO
 Quoting: Anonymous Coward 81785128


No guns and ammo to keep others from taking what you've got?

Better to keep your mouth shut.





GLP