Could be brutal day in markets

[newguy]

we could have a rough day for anyone invested in American markets today.

[mpaschal34]

Yep....Dow down 3.2% and Nasdaq down 4.6% in pre-trading.

[KingHutch]

Pretty much worldwide

[unusialsusp5]

sell, sell, sell, all your stocks before it is too late. get cash and hoard it....

[brooks85]

lol

get your shopping list out if you like making money

[jjgold]

is this over reaction??

[trytrytry]

Pre-markets
NASDAQ FUTURES
208.50 4.96% 3,992.25

[jjgold]

you could see guys jump off buildings today

[d2bets]

Going to be a good buying opportunity for long-term investors with cash.

[brooks85]

buffet is something else

guy pays $32.4 billion for $PCP not even a month ago, market corrects and $PCP not even down 1%

[TheSideBet]

Cratering. Lot of nervous people today. Hope everyone positioned themselves well. It was only a matter of time with the China angle plus the Fed interference in the U.S. and bloated valuations with no revenue in tech.

Late week could be great new buying opportunity for individual investors once the dust here settles.

[gummo]

Unfukkinreal. Get out of the market now.

[KingJD31]

Market is finally correcting itself

[jjgold]

i love when people say buy now

lol...how about all the money they lost??

[sourtwist]

Market will never be anywhere near 17000 again

[brooks85]

i love when people say buy now

lol...how about all the money they lost??

you just keep sitting on your biscuit, I actually know what I'm doing.

[d2bets]

Market will never be anywhere near 17000 again

Never? How are you defining never?

Dow will be 17,000 again. Guaranteed. Market has always reached new highs after falls. Every time. Might take 1 year, 5 years, maybe 10 years. But no such thing as never.

[Snowball]

hey, it's still only overvalued by 50% !

[brooks85]

this is just a correction, shaking scared money out and it is a great thing if you have a basic level of knowledge with any kind of market.

[gregmav1]

Agreed. I got my money out of one of my mutual funds a week ago, probably saved over 5k at this point with how far it's dropped since. Knew a correction was coming, it will settle around 15,000 or 15,500, and then buy again in a month. Will be at 17,000 by end of 2016, but not 18,000. It's just not worth that much, way overvalued past year.

[brooks85]

yeah I took some off the table last week, reluctantly, but had to follow the selling. Got $DIS today at their support level $93 which is an awesome deal. $NFLX under $90, too easy. Got more in $LL under 14 again which probably the safest trade out there. Stock is undervalued regardless of what the market is doing and they have no debt. Absolutely worse case scenario is they get bought out but more likely they get back to $30.

[recon1]

Get some brooks! Refinance that house quick, sell useless assets and dump in that market! Get some!
Hoo rah!

[Snowball]

stocks are scams.. whole thing is one power outage away from 8k.

[brooks85]

stocks are scams.. whole thing is one power outage away from 8k.

I couldn't imagine being that kind of person, too each his own though.

[Snowball]

I couldn't imagine being that kind of person, too each his own though.

sports are better in every way.
even casinos and tracks are better.

[brooks85]

sports are better in every way.
even casinos and tracks are better.

yeah because those produce some real solid income earners. Juice isn't worth the squeeze compared to stocks.

[ByeShea]

sports are better in every way.
even casinos and tracks are better.

Damn. And I thought your "stocks are scams" statement was dumb.

[El Nino]

News media all disappointed...had their teams all set when the market dropped 1,000 pts off the bat.

[d2bets]

Market could end the day +. The smart people bought this morning when the panic sellers were selling.

[jjgold]

correction

economy ok

It has to happen

[sourtwist]

Never? How are you defining never?

Dow will be 17,000 again. Guaranteed. Market has always reached new highs after falls. Every time. Might take 1 year, 5 years, maybe 10 years. But no such thing as never.

Never

[TheMoneyShot]

Markets True Value is probably anywhere around 10,000

Everything else severely over inflated for the last 5 years.

[opie1988]

WOW!

As I've mentioned...I knew we had lots of guys capable of being head coaches, GM's, etc of all the varying professional sports leagues. That's old news.

But had NO idea we had so many brilliant financial minds posting here. I'm taking about guys making moves ahead of the market, and knowing exactly how things will be even years down the road. Unreal.

Seriously a humbling feeling to be a poster here.

#eliteforum

#blessed

[TheMoneyShot]

Opie

Every market thread... we just come out of the woodwork.

[TheMoneyShot]

Top story on almost every cable channel.

What a dumb greedy fukking world we have.