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In two days, the Dow had plummeted by 838 points, wiping out all its gains from the September quarter.

The benchmark S&P 500 and tech-heavy Nasdaq indices lost 1.8 and 1.6 per cent respectively.

 

Australian ASX sheds 80 Billion in 2 days.

 

https://www.abc.net.au/news/2019-10-03/wall-street-dow-jones-plunges-trade-war-asx/11569890

 

(The dominoes start to fall?) 27e56723cc0f662ba6f7fd03977459d8.jpg&key=90485e9516cb821c3e64b06f47e6c3f12784f1a65afe7cf1aabeb379266b4696

 

Just Older

 

 

 

 

 

Just Older

 

 

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And just like that its back

 

Quote

The stock market turned higher Thursday morning after a big intraday decline after Wednesday's sharp sell-off. The Dow Jones industrials lost about 300 points at their lows in today's stock market after a weaker-than-expected ISM nonmanufacturing reading, stoking recession fears. But the major indexes roared back as the Dow Jones and Nasdaq composite found support at their 200-day moving averages.

https://www.investors.com/market-trend/stock-market-today/dow-jones-stock-market-falter-recession-fears-economic-tesla-costco/

 

Crazy - right?

 

Edit: this is why - if you invest in the stock market - you can't look at just one or two days. It is the trend over months that really tells anything.

 

It's been rocky for the last few years, but over all flat since Jan 2018 ->

 

DOW.thumb.jpg.b977289761e1bf378f41b778967f0539.jpg

 


Edited by trottigy
Plan ahead as if Armageddon will not come in your lifetime, but lead your life as if it will come tomorrow (w 2004 Dec. 1 page 29)

 

 

 

 

Soon .....

 

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OK ... guess I just don't quite understand - if there was a "sell off" didn't somebody have to buy what was sold?  How can there be a "selling off" if no one is buying?

"Let all things take place decently and by arrangement."
~ 1 Corinthians 14:40 ~

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Yes, but when you have people who are desperate to sell they will cut the price. This makes the market price go down.

Plan ahead as if Armageddon will not come in your lifetime, but lead your life as if it will come tomorrow (w 2004 Dec. 1 page 29)

 

 

 

 

Soon .....

 

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20 hours ago, Qapla said:

OK ... guess I just don't quite understand - if there was a "sell off" didn't somebody have to buy what was sold?  How can there be a "selling off" if no one is buying?

There is always someone buying. But at a lower sale price. Me for example. 

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I tried putting my money under the mattress once, but that piggy bank of pennies hurt my back!


Edited by Tortuga
CAUTION: The comments above may contain personal opinion, speculation, inaccurate information, sarcasm, wit, satire or humor, let the reader use discernment...:D

 

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Yet, when Walmart sells their stuff at lower prices they call it a "Sale" - and people think it is a GOOD thing ... especially on Black Friday.

"Let all things take place decently and by arrangement."
~ 1 Corinthians 14:40 ~

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