Looks like another down day coming for the markets

[moneymaker]

Wow wish i had waited to get back in, oh well! Cash is King!
Still have my gold and silver which are starting to go up.

[livinincali]

At this point you shouldn’t bother trying to get in until this market actually trades above the 200 day moving average. You won’t get to brag to your friends about getting in at the bottom but you also aren’t risking getting caught in a major market decline which is a possibility now. I think the Fed is going to be pretty powerless from preventing a crash at this point.

[XBoxBoy]

Beatings will continue until morale improves.

[The-Shoveler]

The Stock market and the local economy seem to be in different universes as far as I can see.

very interesting.

Usually I can tell just by looking at L.A. Traffic if we are heading into a downturn, Seems busier than ever right now.

[Coronita]

Holy sheet… These went up pretty fast… I wish I bought more at $1160 last week…

http://www.ebay.com/itm/111867173400

$1325/ounce

But looks like apmex is running a special on the buffalo $44 above spot (ouch)

http://www.ebay.com/itm/SPECIAL-PRICE-2016-1-oz-Gold-American-Buffalo-Coin-Brilliant-Uncirculated/121859171597

$1284

[Coronita]

still happy I took $$$ out of the market and paid off my house last year, though I wish at this point, I took more out and paid off my last rental too.

Damned if you do, damned if you don’t.

That said, I’m excited to be getting my first ESPP plan purchase tomorrow from my new company.

However, the name of the game will be “sell”. My company’s stock has been ridiculously volatile, and I wouldn’t be surprise if we see a +-15% swing in less than a week, which would defeat the purpose of the ESPP purchase. U know, one of those “unicorn” tech companies, so people say.

[mixxalot]

Damn I should have bought gold last week. Oh well at least my small gold collection is doing better than my stocks and 401k.

[spdrun]

NASDAQ is 1% from bearland.

[livinincali]

[quote=The-Shoveler]The Stock market and the local economy seem to be in different universes as far as I can see.

very interesting.

Usually I can tell just by looking at L.A. Traffic if we are heading into a downturn, Seems busier than ever right now.[/quote]

Last time we were in the epicenter of the bubble. Everybody and their brother was a mortgage broker or real estate agent. The sales declined and their income started drying up before the bubble popped. This time we’re going along for the ride. There will probably be some job impact in technology and biotech though. QCOM stock peaked a year and half ago. The biotechs peaked about 6 months ago.

[FlyerInHi]

[quote=The-Shoveler]The Stock market and the local economy seem to be in different universes as far as I can see.

very interesting.

Usually I can tell just by looking at L.A. Traffic if we are heading into a downturn, Seems busier than ever right now.[/quote]

As they have always been.
Nobody was saying the economy would be booming when stocks doubled.

[moneymaker]

Tomorrow is another day. Time to catch some sunshine.

[paramount]

[quote=moneymaker]Tomorrow is another day. Time to catch some sunshine.[/quote]

The Plunge Protection Team will save the Day!

[paramount]

Investors ‘go bananas’ for gold bars as global stock markets tumble
Bullion dealers report record sales as buyers “queue round the block” to purchase the precious metal.

BullionByPost, Britain’s biggest online gold dealer, said it has already taken record-day sales of £5.6m as traders pile into gold following fears the world is on the brink of another financial crisis.

[moneymaker]

Well it’s an even numbered day so the markets will probably be up. Anybody else feeling like this is a financial roller coaster for little kids?

[moneymaker]

Well it’s an even numbered day so the markets will probably be up. Anybody else feeling like this is a financial roller coaster for little kids? Vonnie Quinn on Bloomberg is hot!

[Author]

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