Are we close to a seeing a massive stock market correction?

Discussion in 'Economics' started by hayman, Oct 24, 2017.

  1. Overnight

    Overnight

    Well, you mention 300-500 points, but you fail to mention which market. It makes a difference. Futures? The actual index? An OTC outlier?

    500 points in ES would be about 20%. 500 Points in YM would be about 0.27%, yes? (Just going by the quick math in head. Can calculate it more exactly if you wish).
     
    Last edited: Oct 24, 2017
    #11     Oct 24, 2017
  2. About 7 seconds for me.

    Edit: nope, another sip just now. :D
     
    #12     Oct 24, 2017
  3. Overnight

    Overnight

    You have many chips. Great job on your sobriety. Kudos!
     
    #13     Oct 24, 2017
    aquarian1 likes this.
  4. MarkBrown

    MarkBrown

    yea it should be going up any day now! get ready to get long let me know when you do ok?
     
    #14     Oct 24, 2017
  5. JackRab

    JackRab

    A slow raise in interest rates isn't necessarily a bad thing... we're normalizing. Raising from almost zero hasn't hurt anything.

    It's a sharp rise that will have a bad effect on the market. So when would there be a sharp rise? Inflation goes nuts. Not looking like that yet....
     
    #15     Oct 24, 2017
  6. I must’ve been drunk when I wrote that. I wouldn’t even try comprehending it.

    I don’t know how to delete.
     
    #16     Oct 24, 2017
    themickey likes this.
  7. spindr0

    spindr0

    "Welcome to the Dow Jones Industrial Average", the show where everything's made up and the points don't mean very much.
     
    #17     Oct 24, 2017
  8. Overnight

    Overnight

    Your AA sponsor would not like to read that. Hopefully he/she is not here to see that you are losing your battle. Maybe you should give your sponsor a call?
     
    #18     Oct 24, 2017
    themickey likes this.
  9. Xela

    Xela


    I always instinctively think we "must" be. And I'm always wrong. Which is probably among the reasons I don't ever trade stocks, at all. :confused:
     
    #19     Oct 25, 2017
  10. Visaria

    Visaria

    Please redo calcs...500 point fall in dow at dow 23400 would be more than 2% (quick maths in head)
     
    #20     Oct 25, 2017
    Overnight likes this.