The Dow was down 531 pts on Friday. As of 5:39 (central time) this morning, the Dow futures are now down an addtional 400 pts.

Dow futures now down 536 points.

Now down 610 pts.

A great buying opportunity for bof, sal, seagoat..!! Gobble it up comrades..!! Put your money where your mouth is.

This is now shaping up to one of the worst days in stock market history!!

PkrBum wrote:A great buying opportunity for bof, sal, seagoat..!! Gobble it up comrades..!! Put your money where your mouth is.

bds, sal and seagoat aren't impacted by stock market crashes. Only the 1% right-wing billionaires and other obama haters own stock. The stock market, like everything else in life, is a battle between those who hate obama vs those who love him.
I feel certain as do sal, seagoat, bds, Bernie Sanders and Mao Se Tung that obama will save the day from all this right-wing stock market capitalist bourgeoisie bullshit. lol

But in the meantime, being one of the 1% right-wing obama hating capitalist bourgeoisie billionaires myself, I'm losing my fucking ass.
So I hope obama doesn't wait too long before saving the day. lol

For context:

boards of FL wrote:For context:

See, Pkr. Obama saves the day. You just need to have faith. lol

Bob wrote:

boards of FL wrote:For context:

See,  Pkr.  Obama saves the day.  You just need to have faith.   lol

Why reply to my actual post when you can make shit up and then reply to that instead?

Is it not possible for someone to have the understanding that the stock market doesn't break all-time records every day?   And if so, and if several days occur where a new record has not been broken, does it therefore mean that martial law is going to occur in a few months?  And if one rejects that ridiculous idea, does it therefore mean that Obama saved the day?

If you're only capable of seeing extremes and putting arguments in people's mouths that they haven't even made, of course political discussion looks like a wrastlin match.

bds, sal and seagoat aren't impacted by stock market crashes.

I lost 2.5 million in floods, stock value losses, mutual fund losses, real estate losses and business and partnership losses between 2007 and 2010. I would rather go to Biloxi and put money on even or odd than gamble in the stock market.......plus I simply do not have that much left to invest. At the peak I made 55k day trading and over 110k over a three year period just dicking around at my desk at work buying and selling with my self directed SEP qualified account. I went into the hospital to have my left lung lob and a tumor removed in the summer of 2008. I had a huge position in Corning which my wife and I discussed selling at 27 the day before my surgery. We decided not to rock the boat. By the time I got out of intensive care and made it home in about 12 days the stock had dropped to 21.....it then proceeded to drop to 18 and I closed my 401k with Pacific Funds which was a large amount and rolled it over to my self directed SEP and put it ALL into Corning which proceeded to drop to 8......I then did not work for about 6 months as all my real estate went to half price and the commercial banks would NOT renew commercial loans without huge additional cash pay downs. Most people would jump from a building, but when I awoke from surgery and I could still breathe on my own without a ventilator, at that point I really did not give a damn about money. We moved to a smaller home, simplified our investments, eliminated debt, and now have a very modest retirement fund compared to what it once was......no matter, I will not live that long, but the stock market.....again it is a rigged house game where I am the target....I have plenty of other business opportunities which can give me far greater return than gambling in stocks. A market adjustment of 10% should be expected after almost eight years of overall steady growth.

2seaoat wrote:  I would rather go to Biloxi and put money on even or odd than gamble in the stock market...

Trust me, I would prefer to not do either form of gambling.

However, to have enough monthly income to live on, I'm forced to invest in a dividend paying stock. It's either that or keep my savings in cash and start depleting the savings which I don't want to do because all that money belongs to the medical/industrial complex and they just haven't come to claim it yet.

BUT, one thing you will never see me do is take my savings to Biloxi. lol

boards of FL wrote:

Bob wrote:

boards of FL wrote:For context:

See,  Pkr.  Obama saves the day.  You just need to have faith.   lol

Why reply to my actual post when you can make shit up and then reply to that instead?

Is it not possible for someone to have the understanding that the stock market doesn't break all-time records every day?   And if so, and if several days occur where a new record has not been broken, does it therefore mean that martial law is going to occur in a few months?  And if one rejects that ridiculous idea, does it therefore mean that Obama saved the day?

If you're only capable of seeing extremes and putting arguments in people's mouths that they haven't even made, of course political discussion looks like a wrastlin match.

Point taken.   But if the republicans are in charge of the white house and the congress after next year,  and if after that,  the Dow plunges 1100 points in the first hour of a trading day,  I want to see you post that S&P chart again and make exactly the same comments. Then I'll be a believer. lol

Bob wrote:

boards of FL wrote:

Bob wrote:

boards of FL wrote:For context:

See,  Pkr.  Obama saves the day.  You just need to have faith.   lol

Why reply to my actual post when you can make shit up and then reply to that instead?

Is it not possible for someone to have the understanding that the stock market doesn't break all-time records every day?   And if so, and if several days occur where a new record has not been broken, does it therefore mean that martial law is going to occur in a few months?  And if one rejects that ridiculous idea, does it therefore mean that Obama saved the day?

If you're only capable of seeing extremes and putting arguments in people's mouths that they haven't even made, of course political discussion looks like a wrastlin match.

Point taken.   But if the republicans are in charge of the white house and the congress after next year,  and if after that,  the Dow plunges 1100 points in the first hour of a trading day,  I want to see you post that S&P chart again. lol

There wouldn't be a need for me to post that chart again as there wouldn't be a thread from a democrat calling for martial law simply because the stock market took a pause from breaking records every day.

How did "martial law" get into this discussion?  You're starting to scare me with talk about that.  You're not one of those preppers are you?  lol

The stock market is gambling. I would rather go to a fantasy football on line legal gambling site and bet on football than invest in the stock market. My wife and I are operating a business which is active about half the year and keeps us busy and produces plenty of supplemental income in retirement. She is fully retired from teaching, but the doctors have told me the best results with endocrine cancer is to keep working and staying active so I have cut back about 75% on my work, have taken early social security and get a nice annual check from a partnership in an industrial park which combined with her pension check makes for a comfortable retirement without gambling in the stock market.

Bob wrote:How did "martial law" get into this discussion?  You're starting to scare me with talk about that.  You're not one of those preppers are you?  lol

My mistake. Thought we were in this thread.


https://pensacoladiscussion.forumotion.com/t20926-boards-you-asked-once-when-ts-will-htf-i-have-a-date-for-you-now

2seaoat wrote:The stock market is gambling.  I would rather go to a fantasy football on line legal gambling site and bet on football than invest in the stock market.  My wife and I are operating a business which is active about half the year and keeps us busy and produces plenty of supplemental income in retirement.  She is fully retired from teaching, but the doctors have told me the best results with endocrine cancer is to keep working and staying active so I have cut back about 75% on my work, have taken early social security and get a nice annual check from a partnership in an industrial park which combined with her pension check makes for a comfortable retirement without gambling in the stock market.

Very wise decision. About staying out of the stock market gambling I mean.
But that online gambling is as bad or worse.

Looks like it might rebound a bit...think I might cash out....I hope the dead cat bounces really high...

This is why seaoat's right about that wall street gambling casino.

The Dow went down over 1000 pts after opening. That's because the amateur gamblers started pissing in their pants and caved in and cashed out.

But now those same suckers are kicking themselves because all they did was create a helluva buying opportunity for the professional gamblers.

Confucius say: if you get into a pool of sharks, your teeth better be as big as the sharks teeth.
Otherwise, your best advice is to stay out of the shark pool.

Same goes for Biloxi. Except in Biloxi, the sharks are the casino owners (aka "the house"). lol

1000 now

It is incredible how the stock market is less and less based on productivity and profit. America as a whole does very well with dropping oil prices, yet the stock market does not. The big boyz sucker the small fries into thinking it is the old stock market where dividends and profits matter, yet companies who have never profited have stocks which soar, and solid profit makers flat line. A few win in the game, and most over the long haul do ok, but most in the short term get their head handed to them. I was pretty good with investing for forty years. I remember my first big hit was Rhodes furniture stores and how in the early eighties I made a lot of money, and then one stock Barber Greene the asphalt machine company, I lost it all......yet year in year out the average growth was better in the market than out of the market. Today I would never put a dime in the stock market. A modest investment in a small business which is not labor intensive knocks the socks off wall street manipulation.

It's not just the Dow...it's worldwide and it's at least in part due to China's fall.