Look at that Market Go
- Stocks plunged again Tuesday, continuing a rocky ride for Wall Street, after an economic report out of China rekindled fears that the world's second-largest economy is slowing more than previously anticipated.
The sell-off adds to what has been a difficult few weeks for U.S. and international markets. U.S. stocks just closed out their worst month in more than three years. Tuesday's drop also dashed hopes that, after some relatively calm trading Friday and Monday, the stock market's wild swings were coming to an end.
Everything is slowing, and has been for a while.
Labels: general
posted by SCC at 1:01 AM
23 Comments:
I guess off shoring manufacturing was a bad idea . Hope the US dollar remains the world reserve currency AND the petrol dollar or WE ARE FUCKED ! Enjoy the great unwind .
Our president and his administration says our economy is roaring along and very strong, thanks to his economic policies. He did save us from a depression worse than the one in the 30s.
It will get interesting if the slide continues. Interesting in a not good way, because it looks like it is happening world wide.
Europe ain't gonna pull us out of a slump.
China ain't gonna do it.
Obama don't even care, Cloward Piven and Revolution! are his goal.
I think it is time for the US government to bail out China
After all, they are "too big to fail"
But we can't do cuts in Public aid funding? Too many on these rolls have been abusing that system for many years.
China is our enemy. No one believes that.
Yes, the market carries inherent risks. So does life and also pension promises.
I'm retired but was talking to a young PO the other day who just recently had been asigned to a district. We talked about a lot of aspects of the job today and what it once was and also ways to protect himself.The usual stuff.
But one thing I kept hammering on was that he be invested in our 457 and to contribute to it until he bleeds. You don't need all the latest toys or a fancy car that now costs more than a house once did. Yes you should have fun while young but time is fleeting and you don't want to have to be ushered out of the CPD door at 63 or possibly older.
This SCC topic caused me to do what I had intended to do yesterday. Beginning of the 4th quarter. Chicago fixed remained the same as last quarter:2.98%. If you are concerned about the market at the moment, just try to get close to that in the private banking sector. After the correction is over and you are still young, buy the hell out of the market but keep a balanced portfolio. Over the long run you will come out ahead and be able to retire early and have all the fun in the world.
Too many coppers wait too long for compounding to be of real value.
If this turns into a bear market for x number of years, it's the best thing could happen for someone young. And if you are retired or close to it and didn't at least go a stock vs safe ratio of, say, 40/60, then the blame is on you.
There is a life after CPD. Plan for it.
Must be that whole Obama recovery thing-y.
Call the next case. Not a cop.
The City should list "VRI" on the NYSE. Look at all the CPD serfs who continue buying that crap at $350+ a share.
Smart investors buy when the stock prices are low.
SCC you are wrong. The city is BOOMING. I just rented an apartment by California and Bloomingdale for $2800 per month, excluding utilities. I talked to several developers and they can not keep up with all the demand.
....But one thing I kept hammering on was that he be invested in our 457 and to contribute to it until he bleeds. You don't need all the latest toys or a fancy car that now costs more than a house once did.....
Just try raising a family in a solid neighborhood today. You are on the other end looking back my friend.
SCC I disagree with you. The city is BOOMING. My wife is a realtor and this was her best year ever. I talked to several developers. They can not keep up with demand for new luxury housing in the city. All of this building boom is good for us as city employees. Prices have gone past the peak of 2006. That housing boom was fake. This one is real and based on sound fundamentals.
If i took advice about money from police officers i would be broke!
Deferred comp really.
House on the south side in Garfield ridge.
Plastic swimming pool in 15x 25 ft yard.
Wife's 45 k truck so she can go to her 28k a year job?
Catholic school that rank below free public school.
DO the opposite.
LMAO Like how Rahm announces Sprint is adding 1,000 jobs?
Read the fine print. "...by 2016" not tomorrow, next week or next month. It's a fucking projection, another false promise.
Sprint has no clue on where the economy is going day to day and yet they are putting out this propaganda about "PLANS"
Whelp, the best laid plans of mice and men blah, blah, blah you know the drill.
I just put a spare $5,000 in the market today. Take advantage of dramatic lows and profit from it. Now isn't the time to cower in the corner (and if you're cowering in the corner, you should never be in the market to begin with).
Anonymous Anonymous said...
I think it is time for the US government to bail out China
After all, they are "too big to fail"
9/02/2015 06:36:00 AM
China owns a hell of a lot more property and business in the U.S. than you think.
Yeah, buy over the long haul and you'll be okay..ahhahahah bullshit.
That historical bullshit don't cut it anymore. Remember the clause that says " past performance is no guarantee of future results"?
Chances are you'll be dead and in your grave waiting for the long haul recovery to kick in. Of course the talking Wall Street heads will still be putting out the propaganda and charts showing over the long haul the market always returns "X"% IN THE PAST. Problem is they never tell you that many people won't be here to see it.
Make sure your pension funds are invested in City of Chicago bonds so that the mayors banker friends can stick it to you from both ends..
It's all about the bankers.
Look the city borrows money by selling bonds. Who trades the bonds? The banks. The taxpayers are charged interest on the bonds and who collects the interest? The bond holders AKA the banks. Who do the banks sell the bonds to? Your pensions and so when the city defaults on the bonds it's the pensions that are going to get screwed.
So when the investment banks downgrade the city's bond rating requiring the city to tax the taxpayers more to pay for the borrowed money who makes out? The bondholder AKA the banks..that is until the entire thing collapses and the pensions are left holding the bag.
One huge circle jerk. Using all the participants as tools to extract money and redistribute wealth to the politically connected.
Oh, oh, it's not our fault. The pour pensions are underfunded. Oh-oh, it's not our fault we have to raise your taxes look at the pensioners. Oh-oh it's not our fault we have to offer higher interest rates on the bonds to borrow money...and goes on and on.
Blame always directed towards someone else as a diversion while the politburo skims just a lil' bit more each time the dollar changes hands.
Yeah-yeah, we're the good guys. We're trying to save you save the schools, save the children, save the pensions. save the < fill in the blank>
Smell the coffee people
Hey Scc do you think I will recover my losses from dis market correction by the time i pull da plug early on in 2020?$?
The city state broke keep giving illegally here and criminal scumbags more and more taxpayer funded freebies!
Canada is now in recession. We are going there fast.
Anonymous Anonymous said...
Hey Scc do you think I will recover my losses from dis market correction by the time i pull da plug early on in 2020?$?
9/02/2015 05:18:00 PM
If you ask for investment advice on this blog, you deserve exactly what you get.
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