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Post by toldya on Aug 6, 2024 12:35:05 GMT -5
Bloomberg) -- On days like Monday’s dramatic selloff, which capped a three-week loss of $6.4 trillion in global wealth, personal finance experts usually have the same advice for wary retail investors: Take a breath. Don’t overreact. Take a moment to assess your portfolio. And depending on your situation, perhaps it’s time to put some new money in. Still, it’s important to try to understand what’s happening, and why. Because times like these, when stock markets around the globe fall sharply, are bound to come again. There’s typically a drop of 10% or more every couple of years, and a slump of 25% or more every seven years, according to Zhu Hann Ng, founder and chief executive officer of Tradeview Capital, a fund manager in Kuala Lumpur. “It’s a good lesson, and a wake-up call, to realize that irrational exuberance doesn’t keep going,” Hann said. What just happened? People and institutions have been betting big on different assets, including big tech companies making forays into AI. When things shift, like the outlook for the US economy worsening or the Bank of Japan moving to hike interest rates, positions must be shifted and some need to sell. Selling tends to beget more selling, especially when uncertainty swirls about matters like the upcoming US election or tensions in the Middle East. If you do have spare money to invest, now could be a good time. “You just might potentially be able to pick up undervalued companies,” said Alex Joiner, chief economist at Australian money manager IFM Investors. Things either calm down, or they don’t. But as stocks roared back, many experts said that Monday’s selloff was uncalled for, while cautioning that markets could remain volatile for a while. “The market reaction was a bit extreme yesterday,” said Rupal Agarwal, Asia quantitative strategist at Sanford C. Bernstein. finance.yahoo.com/news/bankers-shouldn-t-markets-crash-082634498.html That's political.
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Post by ferris1248 on Aug 6, 2024 12:51:01 GMT -5
Then ask the moderator to move it. Naw nevermind. I'll remove it and then you've posted something political. LOL
Now then, you feel better?
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Post by toldya on Aug 6, 2024 12:57:41 GMT -5
Then ask the moderator to move it. Naw nevermind. I'll remove it and then you've posted something political. LOL Now then, you feel better? I don't care if it's there or not. I was just pointing it out. That's my signature , not considered part of my post . Didn't you get the rule book ?
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Post by cadman on Aug 6, 2024 13:02:06 GMT -5
Then ask the moderator to move it. Naw nevermind. I'll remove it and then you've posted something political. LOL Now then, you feel better? I don't care if it's there or not. I was just pointing it out. That's my signature , not considered part of my post . Didn't you get the rule book ? View AttachmentSignatures are not supposed to be political either. I will let Josh deal with your signature and what he wishes to do about. He may not care, But you should remember the last time you upset him.
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Post by cadman on Aug 6, 2024 13:08:10 GMT -5
Bloomberg) -- On days like Monday’s dramatic selloff, which capped a three-week loss of $6.4 trillion in global wealth, personal finance experts usually have the same advice for wary retail investors: Take a breath. Don’t overreact. Take a moment to assess your portfolio. And depending on your situation, perhaps it’s time to put some new money in. Still, it’s important to try to understand what’s happening, and why. Because times like these, when stock markets around the globe fall sharply, are bound to come again. There’s typically a drop of 10% or more every couple of years, and a slump of 25% or more every seven years, according to Zhu Hann Ng, founder and chief executive officer of Tradeview Capital, a fund manager in Kuala Lumpur. “It’s a good lesson, and a wake-up call, to realize that irrational exuberance doesn’t keep going,” Hann said. What just happened? People and institutions have been betting big on different assets, including big tech companies making forays into AI. When things shift, like the outlook for the US economy worsening or the Bank of Japan moving to hike interest rates, positions must be shifted and some need to sell. Selling tends to beget more selling, especially when uncertainty swirls about matters like the upcoming US election or tensions in the Middle East. If you do have spare money to invest, now could be a good time. “You just might potentially be able to pick up undervalued companies,” said Alex Joiner, chief economist at Australian money manager IFM Investors. Things either calm down, or they don’t. But as stocks roared back, many experts said that Monday’s selloff was uncalled for, while cautioning that markets could remain volatile for a while. “The market reaction was a bit extreme yesterday,” said Rupal Agarwal, Asia quantitative strategist at Sanford C. Bernstein. finance.yahoo.com/news/bankers-shouldn-t-markets-crash-082634498.html That's political. Not really, while it may mention the U.S. election as a factor in the market, it really does not take a politica. position. The context was not designed to engage others in political debate, but rather discuss market conditions and issues affecting it. Some use of the term could be construed as political if the moderator felt the intent was to spark political debate, especially if future comments were politically charged and the topic went that direction. Hopes this clarifies things for you.
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Post by ferris1248 on Aug 6, 2024 13:10:23 GMT -5
Then ask the moderator to move it. Naw nevermind. I'll remove it and then you've posted something political. LOL Now then, you feel better? I don't care if it's there or not. I was just pointing it out. That's my signature , not considered part of my post . Didn't you get the rule book ? View AttachmentOf course you care. That's why you did it. Dont be an asshole and a liar too.
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Post by toldya on Aug 6, 2024 13:31:12 GMT -5
I don't care if it's there or not. I was just pointing it out. That's my signature , not considered part of my post . Didn't you get the rule book ? View AttachmentSignatures are not supposed to be political either. I will let Josh deal with your signature and what he wishes to do about. He may not care, But you should remember the last time you upset him. Don't bother Josh. I'll remove it so it doesn't interfere with off-topic.
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Post by nuevowavo on Aug 6, 2024 13:35:25 GMT -5
I’m hoping that the slide stops. Been busy but heard something about a “surprise” interest rate reduction. Any truth to that? Will it help?
The Fed rarely does a "surprise" rate change outside of their meeting schedule. It would have to be a true emergency for them to do that, and they really don't care about stock market moves. Their mandate is inflation and employment.
However, most Fed watchers anticipated a 25 basis point reduction at the upcoming September meeting. The probability is now seen to be for a 50 bp move.
But we have more economic data, including the August and September jobs reports, before that meeting. While the number on Friday was weaker than expected, it wasn't horrible. It could be an aberration and the next two numbers could be stronger, in which case who knows what they'll do?
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Post by toldya on Aug 6, 2024 14:01:28 GMT -5
I don't care if it's there or not. I was just pointing it out. That's my signature , not considered part of my post . Didn't you get the rule book ? View AttachmentOf course you care. That's why you did it. Dont be an asshole and a liar too. Asshole. You don't play fair. You know what you did . If I stick up for myself and create a bunch of drama, you call me the Drama Queen, then Cad goes digging up bones blah, blah, blah. All because you couldn't keep your political post out of off-topic. C. ,
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Post by ferris1248 on Aug 6, 2024 14:27:39 GMT -5
Of course you care. That's why you did it. Dont be an asshole and a liar too. Asshole. You don't play fair. You know what you did . If I stick up for myself and create a bunch of drama, you call me the Drama Queen, then Cad goes digging up bones blah, blah, blah. All because you couldn't keep your political post out of off-topic. C. , I've never called you a drama queen. It fits though. One of life's lesson. Old men don't play fair. 😘
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Post by toldya on Aug 6, 2024 14:30:32 GMT -5
Asshole. You don't play fair. You know what you did . If I stick up for myself and create a bunch of drama, you call me the Drama Queen, then Cad goes digging up bones blah, blah, blah. All because you couldn't keep your political post out of off-topic. C. , I've never called you a drama queen. It fits though. One of life's lesson. Old men don't play fair. 😘 They certainly don't. I had it all figured out how to communicate over there without getting into all the BS.
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Post by toldya on Aug 6, 2024 16:05:17 GMT -5
Not really, while it may mention the U.S. election as a factor in the market, it really does not take a politica. position. The context was not designed to engage others in political debate, but rather discuss market conditions and issues affecting it. Some use of the term could be construed as political if the moderator felt the intent was to spark political debate, especially if future comments were politically charged and the topic went that direction. Hopes this clarifies things for you. What about political avatars that take a political position ?
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Post by conchydong on Aug 6, 2024 16:09:57 GMT -5
Not really, while it may mention the U.S. election as a factor in the market, it really does not take a politica. position. The context was not designed to engage others in political debate, but rather discuss market conditions and issues affecting it. Some use of the term could be construed as political if the moderator felt the intent was to spark political debate, especially if future comments were politically charged and the topic went that direction. Hopes this clarifies things for you. What about political avatars that take a political position ? great point. Cad thinks that he is fair and unbiased but Dragon’s avatar is political and he never had a problem with it .
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Post by cadman on Aug 6, 2024 16:26:18 GMT -5
What about political avatars that take a political position ? great point. Cad thinks that he is fair and unbiased but Dragon’s avatar is political and he never had a problem with it . I never said I had an issue with anyone's signature or avatar. I said I would let Josh handle that. I would assume since he hasn't said anything, he doesn't care or consider them too political. Toldya wanted his to be noticed, so I was obliging him. He seems to like the attention. I just ignore them myself. I had to go look at Dragon's avatar to see what you were talking about.
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Post by toldya on Aug 6, 2024 16:27:14 GMT -5
What about political avatars that take a political position ? great point. Cad thinks that he is fair and unbiased but Dragon’s avatar is political and he never had a problem with it . A lot of things aren't an issue until someone makes them an issue. We can thank ferris for that and Cad for adding on and trying to deflect to someone else. If he don't know ,he don't know, so why not stay out of it or wait till he has an answer ?
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