DOW Jones -530 now

[Itsback]

DOW Jones is -530 now or -2%

So DOW Jones begins its fall to 5000 by 2025 ??

[oyarde]

The Dow is obviously overvalued by a large percentage , but I expect it will remain around 26K by the end of the week and maybe tomorrow . Silver is flat today and Gold only up 4 FRN's .

[Zippyjuan]

DOW Jones is -530 now or -2%

So DOW Jones begins its fall to 5000 by 2025 ??

Trump: It is the Fed's fault! They hate me! They should be inflating the heck out of the money supply!

Traders: It is Trump's fault and his trade war sanctions on China.

[oyarde]

Trump: It is the Fed's fault! They hate me! They should be inflating the heck out of the money supply!

Traders: It is Trump's fault and his trade war sanctions on China.

One thing is certain . There is nothing there that is the fault of trump . The P/E Ratio of the S& P 500 is about 22 and the Dow 18 . So these are mostly over valued which lays on the people pitching them and the people buying them . If anything people should be happy with the going on twelve year run these stocks have had . If that turns into 16 years , again they should be happy .

[Zippyjuan]

One thing is certain . There is nothing there that is the fault of trump . The P/E Ratio of the S& P 500 is about 22 and the Dow 18 . So these are mostly over valued which lays on the people pitching them and the people buying them . If anything people should be happy with the going on twelve year run these stocks have had . If that turns into 16 years , again they should be happy .

Certainly nothing to panic over yet. But Trump sees the stock market as a measure of his success so he is probably stressing out this week. He wants another 5,000 or 10,000 more points on the DOW.

[Itsback]

The Dow is obviously overvalued by a large percentage , but I expect it will remain around 26K by the end of the week and maybe tomorrow . Silver is flat today and Gold only up 4 FRN's .

DOW Jones and stock markets are giant scam/ponzi. Microsoft $1,000,000,000,000 has sucked out all the money from the economy. No company can be worth more than $200 billion.

[oyarde]

DOW Jones and stock markets are giant scam/ponzi. Microsoft $1,000,000,000,000 has sucked out all the money from the economy. No company can be worth more than $200 billion.

There is certainly some crap out there but nobody has to buy it . At the same time I will not feel too sorry for people when it dumps .

[Krugminator2]

There is certainly some crap out there but nobody has to buy it . At the same time I will not feel too sorry for people when it dumps .

I am generally a permabull but probably neutral over the next 5 years now. The fact that unemployment is this low is fundamentally a huge negative for the market over the next few years. And usually the market goes into a bear market after the Fed stops tightening and pauses like it has now. I doubt this the ultimate top. But the fundamental picture is not strong for the market.

Good stats.

[Brian4Liberty]

Market psychology. Everyone was expecting a correction, but people were waiting for a trigger. The China trade story was the last straw, in addition to the “sell in May” adage.

My red flag sell signal came a few days ago...

Larry “Goldilocks economy, no bubbles, all is well” Kudlow is calling for lower interest rates. Red flag alert! Sell signal!

[oyarde]

I am generally a permabull but probably neutral over the next 5 years now. The fact that unemployment is this low is fundamentally a huge negative for the market over the next few years. And usually the market goes into a bear market after the Fed stops tightening and pauses like it has now. I doubt this the ultimate top. But the fundamental picture is not strong for the market.

Good stats.

It is possible it could just stagnate the next five years like the last 1 1/2 . The real time to do some buying would be if it does correct . I would not be expecting any big returns in the near future but hopefully American Industries 401K's will keep it going .