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When can we call it a stock market "crash"?

Discussion in 'Coffee Shack (Daily News/Economy)' started by <SLV>, Feb 5, 2018.



  1. <SLV>

    <SLV> Gold Member Gold Chaser Site Supporter

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    Burn, baby, burn!

    (Loving my popcorn.)
     
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  2. Silver

    Silver Gold Member Gold Chaser

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    Link?
     
  3. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

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    I always heard a pull back was 5-10% and a "correction" was 50% of tbe gain......not sure what a "crash" is
     
  4. <SLV>

    <SLV> Gold Member Gold Chaser Site Supporter

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    Silver likes this.
  5. Silver

    Silver Gold Member Gold Chaser

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    That's what I've always thought.
     
  6. <SLV>

    <SLV> Gold Member Gold Chaser Site Supporter

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    Correction is 10%+ pull back.
     
  7. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

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    No matter what they call it.....its reality that markets dont always go up as some think
     
  8. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    They need today's 3% and another 3% to bring it into correction phase. I am bullish < 23k. Intraday down the road could touch 21s.
     
  9. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

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    Doesnt the plunge protection team kick in at 5% one day?
     
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  10. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

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    Wow.....pass the popcorn
     
  11. Traderjoe

    Traderjoe Silver Member Silver Miner

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    In 1987 the dow fell 22%.
    This is big but by no means is the sky falling.....yet.
     
  12. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    The skeptic in me says it is being engineered by a group who doesn't want Trump to be able to talk about huge market gains. Another thought is it's a good buying opportunity to pick some select names like Berkshire Hathaway, Boeing, FB, Microsoft, Amazon and Google.
     
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  13. oldgaranddad

    oldgaranddad Gold Member Gold Chaser Site Supporter ++

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    They can officially call it a market crash when wealthy bankers start taking swan dives off of buildings in lower Manhattan. Not before.
     
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  14. SilverCity

    SilverCity Gold Member Gold Chaser

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    -1600 ish at one point.

    SC
     
  15. <SLV>

    <SLV> Gold Member Gold Chaser Site Supporter

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    Wow. Hit -1500 before bouncing. I'm sure it was all of the short-sellers covering at the day's end. They made a KILLING! It was like sharks with blood in the water.
     
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  16. <SLV>

    <SLV> Gold Member Gold Chaser Site Supporter

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    And gold is just hovering. I'll bet when the stock market bounces back up (tomorrow?) gold will lose $15 or so.
     
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  17. Traderjoe

    Traderjoe Silver Member Silver Miner

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    They use politics for monetary gain. The algorithm players could have possibly put on a huge short and covered in the last hour of this market day making nearly 1000 points in their favor.
     
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  18. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    If one is into picking stocks, then I will go with your 2nd thought in that it is possibly being a good opportunity to buy some top names. But if the DOW and S&P continue to fall from here........................................
     
  19. <SLV>

    <SLV> Gold Member Gold Chaser Site Supporter

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    Never try to catch a falling knife. P/E average is still too high.
     
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  20. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

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    Hard to imagine how many small players got stopped out in all of this
     
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  21. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    Yep I agree with that. Since I do not do stocks, then I do not have to worry about it. The P/E ratio is way too high. The P/E ratio will still be too high if it drops another 3% - 5% from current levels.
     
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  22. ZZZZZ

    ZZZZZ Seeker

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    "Funny", all of the "expert" maroons on Fox Business are saying this is a buying opportunity. They said the same thing on Friday with the DJIA down a "satanic" 666.:belly laugh:


    .
    .
     
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  23. southfork

    southfork Mother Lode Found Mother Lode

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    No way it should be over 10k, way over valued
     
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  24. GOLDBRIX

    GOLDBRIX God,Donald Trump,most in GIM2 I Trust. OTHERS-meh Site Supporter Platinum Bling

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    When brokers jump out windows or commit suicide. :rage 1

    That is when it is time to buy. :dancing guy
     
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  25. ZZZZZ

    ZZZZZ Seeker

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    [​IMG]
     
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  26. ZZZZZ

    ZZZZZ Seeker

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    My buddy Peter nailed it on Friday

     
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  27. ZZZZZ

    ZZZZZ Seeker

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  28. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    The DOW in 1987 was at 2246 on Oct 19, 1987. After the trading day was over on Oct 19, 1987, it finished at 1738.74. The DOW is currently down 1023 points but it is down only about 4% on a percentage basis. The "circuit breakers" would not allow it to drop 22% in one day like it did in 1987.
     
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  29. Traderjoe

    Traderjoe Silver Member Silver Miner

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    If you play or are invested in the market they (the big dogs) use fear to scare small players out
    and take their money. They are ruthless bunch of assholes. Consider market investments carry risk of loss and probably you shouldn't have your money in the market if you need it.
    My name here (TraderJoe) is not what it may seem. Think of the grocery market rather than the stock market.
    Although, I do keep one eye on the stock market.
     
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  30. SilverCity

    SilverCity Gold Member Gold Chaser

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    The Banker's wanted the Pats to win and this is their way of payback.

    You heard it here first. (snicker)

    Jim Rickards‏ @JamesGRickards 21m21 minutes ago
    Maybe the 3.25% decline in stocks today is a carefully engineered distraction from the fact that bitcoin is down 10.65% today.

    SC
     
    Last edited: Feb 5, 2018
  31. Silver Art

    Silver Art Silver Art Bar collector Platinum Bling

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    I do not have any stocks or stock mutual funds but I still watch the markets, I watch the stock, bond, PM's and crypto markets on a daily basis. It is just a weird habit that I have. LOL!!!!
     
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  32. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    My broker has been reaching out to me every day now for a week. He asked if I wanted to inject some of the cash I have sitting on the side into the stock market. I told him not on your life, this is only the beginning! There's a lot of falling yet to be done! I'll wait until the bodies start piling up on the sidewalks in front of tall buildings!
     
    Last edited: Feb 5, 2018
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  33. <SLV>

    <SLV> Gold Member Gold Chaser Site Supporter

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    There was so much action that the closing price is still falling as they settle all of the trades. At close they said -800, now they are saying -1175. I haven't looked at volume yet, but I guess it was monumental.

    Remember the PPT (Bernanke)? I guess that went away with Trump.
     
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  34. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    The NeverTrumpsters are preparing their 'Trump's fault the market is crashing' internet articles that we'll read in the Daily News tonight and tomorrow
     
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  35. ZZZZZ

    ZZZZZ Seeker

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    El Trumpster took all the credit as stocks went up.

    If he is an honorable man... :belly laugh: ... he will accept (at least some) responsibility as it goes down.

    Truth is, presidents don't have all that much impact on stock markets. It's all about the Federal Reserve and easy or tight money.
    .
    .
     
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  36. ZZZZZ

    ZZZZZ Seeker

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    The Fat Lady isn't singing yet. DJIA futures are down another 350 points at 4:45 PM EST.

    https://www.cnbc.com/pre-markets/

    And the Nikkei Futures are down 8% just before that market opens Tuesday morning.

    [​IMG]
    ,
    ,
     
  37. Uglytruth

    Uglytruth Gold Member Gold Chaser

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    This should have happened in 2008 when the market was less than half where it is now.
     
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  38. Silver

    Silver Gold Member Gold Chaser

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    The stock market is where the trillions in QE went.
     
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  39. SilverCity

    SilverCity Gold Member Gold Chaser

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    Well, none of my trillions...LOL.

    SC
     
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  40. Silver

    Silver Gold Member Gold Chaser

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    Mine either, I've been the fool holding the bag of silver :)
     
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