Stock market turmoil....

by mikeflood 14 Replies latest social current

  • scratchme1010
    Dow Jones losing 1175 points today, equivalent to 4.60 % ..... same more or less around the world's stock exchanges. It's like president Bush said "Wall Street got drunk and now it's got a hangover". I think people went irrational over investing, a correction is needed.

    Personally I don't see a lot of meaning in that. That just happens all the time.

  • Bungi Bill
    Bungi Bill

    Seems to me a bit like climbing a scree slope in the mountains - three steps forwards, two steps back, but the overall progress is upwards!

  • Jacobi

    Well, up it goes again, dammit I didn't invest...

    If only I had invested in bitcoin when it was 7 dollars. Fortunately, I will probably get the chance to do so in a year or two. Then I will make a killing!

  • smiddy3

    Stock markets Up -Down i`ts just the nature of the beast isn`t it.?

    No big deal. Lose some here gain some their .

    Nothing to get your nickers in a knot over

  • Outahere

    Here's how I see it. After 2 flat years or so, the market entered an ascending channel in late 2016. The recent sell off happened after the market got ahead of itself and the channel was violated on the upside. If the bottom of the channel isn't violated, the uptrend remains intact. I've added the red lines to show what I mean.

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