Wall Street plunges on global economic worries (8-21-2015)

[WarMachineRhodey]

www.reuters.com/article/2015/08/21/us-markets-stocks-usa-idUSKCN0QQ15Y20150821

The S&P 500 suffered its biggest daily percentage drop in nearly four years on Friday as fears of a China-led global slowdown continued to rattle investors.

The Dow Jones industrial average .DJI fell 530.81 points, or 3.12 percent, to 16,459.88, the S&P 500 .SPX lost 64.7 points, or 3.18 percent, to 1,971.03 and the Nasdaq Composite .IXIC dropped 171.45 points, or 3.52 percent, to 4,706.04.


Well all the talk of a recovery and this is a bull market nonsense has been thrown out the window. Mainstream media is still parroting "This is a buying opportunity" for stocks anyway.

[The Big Daddy C-Master]

Aug 21, 2015 15:36:35 GMT -5 WarMachineRhodey said:

www.reuters.com/article/2015/08/21/us-markets-stocks-usa-idUSKCN0QQ15Y20150821

The S&P 500 suffered its biggest daily percentage drop in nearly four years on Friday as fears of a China-led global slowdown continued to rattle investors.

The Dow Jones industrial average .DJI fell 530.81 points, or 3.12 percent, to 16,459.88, the S&P 500 .SPX lost 64.7 points, or 3.18 percent, to 1,971.03 and the Nasdaq Composite .IXIC dropped 171.45 points, or 3.52 percent, to 4,706.04.


Well all the talk of a recovery and this is a bull market nonsense has been thrown out the window. Mainstream media is still parroting "This is a buying opportunity" for stocks anyway.

Yea I don't buy this "recovery" we've had a long "recovery for quite a while.

This China stuff seems like it's the beginning. That said you can buy stuff cheap, but who knows what it'll do in the long run?

[magicattack]

Before July I sold some stock, trying to thin out some of my holdings. Roughly 15k. The prices came down but rebounded in the beginning of August. I was questioning my move, until today.

Going against the crowd paid off. Now to plan my return. I will make 10% and not do a thing.

[The Big Daddy C-Master]

Aug 21, 2015 18:13:35 GMT -5 magicattack said:

Before July I sold some stock, trying to thin out some of my holdings. Roughly 15k. The prices came down but rebounded in the beginning of August. I was questioning my move, until today.

Going against the crowd paid off. Now to plan my return. I will make 10% and not do a thing.

You sold 15k shares of various stock? Do you invest long term? Or did you mean $15k worth of stuff?

The people who can go against the crowd well do much better provided they know what they're doing and have great timing.

[magicattack]

I had a potential investment that I needed to be liquid for. So I decided to sell 15k in stock.

I decided to go with underperformers so I didn't incur any taxes.

The deal fell through. People were pushing me to put the money back, not to miss the big potentials.

I decided to go against the grain, and I admit I was looking foolish when the prices started to rebound a little.

But now it will be interesting to see what happens on Monday.

Then I will have to decide when to start getting back in. I'm sure there will be a lot of opportunities to buy some decent stocks at good prices when all is said and done.

[The Big Daddy C-Master]

Aug 22, 2015 13:15:40 GMT -5 magicattack said:

I had a potential investment that I needed to be liquid for. So I decided to sell 15k in stock.

I decided to go with underperformers so I didn't incur any taxes.

The deal fell through. People were pushing me to put the money back, not to miss the big potentials.

I decided to go against the grain, and I admit I was looking foolish when the prices started to rebound a little.

But now it will be interesting to see what happens on Monday.

Then I will have to decide when to start getting back in. I'm sure there will be a lot of opportunities to buy some decent stocks at good prices when all is said and done.

Going against the grain can lead to some big upsets. Remember the housing crash and how a few people stuck to their guns against it.