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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDon't look now but Dow is only about 100 points lower then the high before Brexit.
http://money.cnn.com/data/markets/dow/Armageddon and the Rapture will have to wait, it seems.
Response to yellowcanine (Original post)
rjsquirrel This message was self-deleted by its author.
yellowcanine
(35,698 posts)http://fortune.com/2012/02/09/warren-buffett-why-stocks-beat-gold-and-bonds/
Response to yellowcanine (Reply #4)
rjsquirrel This message was self-deleted by its author.
A HERETIC I AM
(24,365 posts)Back in the 1890's, a $20 gold piece would buy you a finely tailored suit.
Today that very same, 1890's vintage $20 gold piece will buy you a finely tailored suit.
It's a store of wealth and nothing more.
whatthehey
(3,660 posts)There's no way real working people© can afford the $3.95 it takes to make a trade or have access to the arcane financial wizardry of dividing price by earnings and checking assets and liabilities on any of the dozens of portals which offer market quotes for free on the internet. You can't expect real working people© to understand the complex statistical analysis of deciding whether this century of precedent shows a career's worth of biweekly contributions would likely increase or decrease in value (even ignoring dividends and tax benefits). Damn you man you know only billionaires can benefit from this, or their lickspittle lackeys who buy access to their table scraps by such demeaning obsequious vassalage as...well, looking at Google finance charts and doing a bit of basic math.
Response to whatthehey (Reply #5)
rjsquirrel This message was self-deleted by its author.
yellowcanine
(35,698 posts)I just do not have a lot of patience for the folks who say that the stock market is only for the 1%.
The people who put aside a small amount every paycheck over a lifetime of earnings may not get rich but they are going to do well. And anyone who does not find a way to take advantage of an employer match is simply being foolish.
Throd
(7,208 posts)SoLeftIAmRight
(4,883 posts)far too many jump at every bump
and little work to stop
Climate change and the sixth global mass-extinction event is happening now
Response to SoLeftIAmRight (Reply #3)
rjsquirrel This message was self-deleted by its author.
SoLeftIAmRight
(4,883 posts)???
Response to SoLeftIAmRight (Reply #12)
rjsquirrel This message was self-deleted by its author.
SoLeftIAmRight
(4,883 posts)death valley
1939
(1,683 posts)we have been doing deficit spending for the last 58 years with no end in sight. We don't stop when the depressions end.
Response to 1939 (Reply #26)
rjsquirrel This message was self-deleted by its author.
B2G
(9,766 posts)Blue_Tires
(55,445 posts)than the DJIA, but whatev...
Response to Blue_Tires (Reply #7)
rjsquirrel This message was self-deleted by its author.
whatthehey
(3,660 posts)Most of which are doing the same or better
http://www.news.com.au/finance/markets/global-markets-stage-brexit-recovery/news-story/3b5f741dcd846751e2068ac59a1e4462
Yes there are major legal and sociological upheavals ahead, but the financval meltdown the doomers predicted is, in these early days, showing signs of being a passing and weak fad. Could the next bit of news, or even an Article 50 move in reality, cause another downturn? Of course, but sensible people will see another buying opportunity then too.
Blue_Tires
(55,445 posts)Here I am worrying about it being open season on non-whites and immigrants, but the markets have rebounded so everything's all good!
whatthehey
(3,660 posts)Blue_Tires
(55,445 posts)Non-whites and immigrants? Or the other part?
yellowcanine
(35,698 posts)And it was no reason to freak out. That is all.
Warpy
(111,227 posts)If you're going to play the market, you need nerves of steel. There are always going to be sudden drops when Chicken Little panics over world events or when some damned hedge fund's computer has a major glitch. You also have to concentrate on how many income generating shares you have and what they're doing instead of the paper value that fluctuates daily. To do otherwise is the way to insanity.
pampango
(24,692 posts)MohRokTah
(15,429 posts)That was how an utter global meltdown would have happened, an exodus of three or four other members immediately following on after the Brexit.
Now, the UK will have a recession, unless they figure out some way to back out of it.
pampango
(24,692 posts)On Thursday evening, Marine Le Pen, the head of Frances far-right National Front, gathered with Party leaders at a fish-and-chips restaurant in the Sixth Arrondissement of Paris, in a kitschy salute to what they believed would be a continuance of their shared destiny with the British.
A new Europe will emerge, she said. For all patriots, for anyone who loves liberty, today is a day of joy. It is not that Europe is dead but that the European Union is teetering, and the nations are being reborn.
Since 2013, Le Pen has maintained that, if she attains power, she will hold a referendum on Frances membership in the E.U. within six months.
Before, this was unheard of, Florian Philippot, a National Front vice-president and Le Pens top strategist, told journalists gathered at the Party headquarters, in Nanterre. Now its no longer unheard of. Theres a precedent, and that changes a lot.
http://www.newyorker.com/news/news-desk/marine-le-pen-prepares-for-a-frexit
deaniac21
(6,747 posts)pigs get slaughtered.
yellowcanine
(35,698 posts)Even if there is some pull back tomorrow this will be a good week for the markets.