Could be brutal day in markets

**brooks85** · 08-24-15, 09:49 AM

Originally posted by 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

It is amazing what animals can do with just a little bit of intelligence and hindsight huh?

**sourtwist** · 08-24-15, 10:37 AM

Originally posted by 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

If u don't know, now u know..... N i g g a

**jjgold** · 08-24-15, 10:44 AM

its so minor

its really not down much based of percentages

**Snowball** · 08-24-15, 11:06 AM

former aide to British PM says be ready for total collapse
bank shutdowns, lack of food, civil unrest.

https://mobile.twitter.com/DPMcBride/status/635790142423363584

**brooks85** · 08-24-15, 11:18 AM

Originally posted by Snowball

former aide to British PM says be ready for total collapse
bank shutdowns, lack of food, civil unrest.
https://mobile.twitter.com/DPMcBride...90142423363584

get me an opinion from an 8 year old while you're at; both weighted the same.

**brooks85** · 08-24-15, 11:33 AM

wish in one hand, shit in the other...

you can't "wish" this market to a crash. The shit in your other hand could be cash piling up.

Originally posted by 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.

If I was a humble person I'd say this wasn't easy.

Don't even want to but I have to sell $NFLX now, 89 to 108. Crazy day.

**jjgold** · 08-24-15, 12:15 PM

back to normality

easy to what if and buy like 10:00 AM anything

**brooks85** · 08-24-15, 12:24 PM

tomorrow obviously going to be watched by the world

Historically after drops like today the market is up 1,2,3,5,30 days after...

However, even today I had full confidence the market would recover but not in 1 day. That is just crazy after the kind of opening but at the same time the opening wasn't exactly true numbers because of the safety stuff setup.

My gut is telling me market psychology is going to cause a rip up tomorrow.

**ByeShea** · 08-24-15, 12:38 PM

Originally posted by brooks85

The shit in your other hand could be cash piling up.

That idiot has about as much sense as he does market knowledge.

**MoMoneyMoVaughn** · 08-24-15, 12:43 PM

Lost everything.

All $75

Jumping out of the 44th floor window at the office.

**TheSideBet** · 08-24-15, 01:48 PM

Originally posted by Snowball

former aide to British PM says be ready for total collapse
bank shutdowns, lack of food, civil unrest.
https://mobile.twitter.com/DPMcBride...90142423363584

Something tells me we will still be able to manage StubHub transactions, $6 stadium hot dogs and tailgating fun in two weeks regardless of what happens here. I never understand the mass exterior panic regarding the news cycles.

**brooks85** · 08-24-15, 02:31 PM

some profit taking going on now.

One important thing to remember about corrections, besides they are common, is they can't be predicted; just like this one. This all started when China devalued their currency which no one saw coming. On side note, it should be viewed as an act of war considering their history.

**jjgold** · 08-24-15, 02:38 PM

Scary again

Might close going down strong

**brooks85** · 08-24-15, 02:44 PM

what you're going to have after this correction is a more unforgiving market. No more tossing a dart at the board and getting a winner, need to do some work and pick stocks that have a real numerical reason for moving like $LL

$IBB will be the bell weather for what I said I think. Probably just tech in general but either way, keep an eye on tech.

**recon1** · 08-24-15, 02:51 PM

Get some!

**jose21_us** · 08-24-15, 03:05 PM

I hope it keeps dropping.

**brooks85** · 08-24-15, 03:16 PM

^I'd hope you have a bunch of capital ready to unload

Today was freaking crazy.

**jjgold** · 08-24-15, 04:02 PM

ask yourself why are markets falling??

lol...............economy was doing ok up until last week so now economy crumbling??

**recon1** · 08-24-15, 04:41 PM

Market is big ponzi scheme.
All of world's major markets need to crash at nearly same time.
Make the slaves suffer for a year or two, then introduce a one world digital currency complete with your very own RFID. The ones who caused the mess will give the masses of asses the cure.
People will beg for this beast system so they can get back to watching Bruce Jenner, Kartrashians and buy that new rap CD.

Get some!

**brooks85** · 08-24-15, 04:44 PM

It is all China and now you got nearly every analyst on TV/internet talking bear market so probably opening down tomorrow.

**Ralphie Halves** · 08-24-15, 04:55 PM

Forex traders loving every minute of this. I hadn't made a trade in a month. Patience paying off now though.

For us, bull markets good, bear markets good. Stagnant markets, not so much.

But it's good to not have to worry about anything any of you guys are talking about right now. FX trader's accounts not dependent on what the economy does. Currency world keeps right on spinning.

**brooks85** · 08-24-15, 04:57 PM

Originally posted by Ralphie Halves

Forex traders loving every minute of this. I hadn't made a trade in a month. Patience paying off now though.

For us, bull markets good, bear markets good. Stagnant markets, not so much.

But it's good to not have to worry about anything any of you guys are talking about right now. FX trader's accounts not dependent on what the economy does. Currency world keeps right on spinning.

then you're leaving far more money on the table, right now is a great time to be a trader.

**Ralphie Halves** · 08-24-15, 05:01 PM

Originally posted by brooks85

then you're leaving far more money on the table, right now is a great time to be a trader.

Already dun good today. Can either get better, or hit my trailing stop and take a nice profit. Water's just fine over here.

Wish you guys the best though. There's opportunity out there, that's for sure.

**brooks85** · 08-24-15, 05:03 PM

Originally posted by Ralphie Halves

Already dun good today. Can either get better, or hit my trailing stop and take a nice profit. Water's just fine over here.

Wish you guys the best though. There's opportunity out there, that's for sure.

I don't doubt you killed it but why wouldn't you throw some in trades in this market? For example, when China devalued their currency that had to have affects and they played out in spades for YANG 3x china short.

**Ralphie Halves** · 08-24-15, 05:04 PM

If I was going to make a ten cent prediction too, we will need a retracement, a few smaller up days in a row, to restore confidence in investors and shake out the weaker shorts before really taking it down further. Look for that very set-up if a recession does start to happen.

**Ralphie Halves** · 08-24-15, 05:06 PM

Originally posted by brooks85

I don't doubt you killed it but why wouldn't you throw some in trades in this market? For example, when China devalued their currency that had to have affects and they played out in spades for YANG 3x china short.

Same reason I almost never bet on sports anymore. I'm an advantage player, and when you finally find something you have a really good advantage at, you tend to focus all of your efforts there. I don't have an advantage in equities IMO, at least not a good one. No need.

**brooks85** · 08-24-15, 05:10 PM

Originally posted by Ralphie Halves

Same reason I almost never bet on sports anymore. I'm an advantage player, and when you finally find something you have a really good advantage at, you tend to focus all of your efforts there. I don't have an advantage in equities IMO. No need.

I get ya, time is always the biggest issue.

What about if a crash occured, no shopping list in mind or interest at all?

**jjgold** · 08-24-15, 05:22 PM

markets in for a rough ride

its all dead money..many wiped out and got margin calls

**Ralphie Halves** · 08-24-15, 05:29 PM

Originally posted by brooks85

I get ya, time is always the biggest issue.

What about if a crash occured, no shopping list in mind or interest at all?

No, because I don't trade on calling bottoms and tops. Markets can and do stay "oversold" for a long long time. No interest in playing that game. I'll let everyone else try to figure that one out.

Possibility of buying silver in the future, but not high on the list right now.

**jjgold** · 08-24-15, 06:25 PM

I think crude oil gets to $50 a barrel before it gets to $30 a barrel

**recon1** · 08-24-15, 07:25 PM

Beans, bullets, bible and bandaids.
GET SOME!

**jjgold** · 08-24-15, 08:09 PM

everyone wins after its over

**no1here** · 08-24-15, 08:15 PM

JJ keeps talking but doesn't say anything

**grantingyou** · 08-24-15, 09:15 PM

People that got out of the market in 2008/2009 are kicking themselves now. Long-Term investments in good growth stock mutual funds with proven track records over 10+ years is the way to go.

I'm investing for the long-term and how I do over the next 25 years is what's important on top of what I've done over the last 25 is what matters.

Blue Light Special as far as I am concerned. Since I am maxed out on 401k and IRA, I guess I'll buy more mutual funds!

**recon1** · 08-24-15, 09:36 PM

Originally posted by grantingyou

People that got out of the market in 2008/2009 are kicking themselves now. Long-Term investments in good growth stock mutual funds with proven track records over 10+ years is the way to go.

I'm investing for the long-term and how I do over the next 25 years is what's important on top of what I've done over the last 25 is what matters.

Blue Light Special as far as I am concerned. Since I am maxed out on 401k and IRA, I guess I'll buy more mutual funds!

You sound like a genuine person doing what's been taught and is responsible, But i liken your story to an old WW2 pilot who was shot in the chest and bleeding out and knew he'd die and crash before getting back to base.
So, he just took his plane and dive bombed in the heart of the enemy.
If your gonna go in, go in all the way, double up and GET SOME!