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Possible Stock Market Panic Monday, Oct. 19, 2020.

This is a discussion on Possible Stock Market Panic Monday, Oct. 19, 2020. within the General Talk forums, part of the General Discussion category; Originally Posted by rice paddy daddy If the markets crash, there is absolutely nothing I can do about it. Anyone who gets all worked up ...

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Thread: Possible Stock Market Panic Monday, Oct. 19, 2020.

  1. #11
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    Quote Originally Posted by rice paddy daddy View Post
    If the markets crash, there is absolutely nothing I can do about it.
    Anyone who gets all worked up and stressed out over things they can not control need to repeat this, as often as necessary:
    "God, grant me the serenity to accept the things I can not change, courage to change the things I can, and wisdom to know the difference."
    Actually, I can do something about my IRA. I can pay attention and buy/sell appropriately with all information I can get, and I do read to get information.
    Here’s what I know. Anybody who is in the gold/silver business is always connecting dots to prove the market is going to crater and the only way to save yourself is to dump stocks and buy their precious metals products. Does that mean Monday won’t be a crazy market day? Nope. It means “Wolf!” Has been called too many times for me to listen.
    "Reality is almost always wrong."
    Dr. Gregory House

  2. #12
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    Quote Originally Posted by Denton View Post
    Does that mean Monday won’t be a crazy market day? Nope. It means “Wolf!” Has been called too many times for me to listen.
    I've seen her do it a few times.

    Me, I do the best I can with what I have. I leave it in the Lord's hands.
    Denton, Slippy and NewRiverGeorge like this.

  3. #13
    The Good Cop


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    I’ve got no IRA’s, no 401K’s, very little savings, no credit cards, no loans, nothing.

    I’ve got enough food for several years, I have put back a months supply of gasoline and diesel for the chaos after the election, I’ve got weapons to protect us.
    That is about all I can do.
    "There is nothing so exhilarating as to be shot at without result." Winston Churchill
    "Leave the artillerymen alone, they are an obstinate lot." Napoleon
    Member: VFW, American Legion, Vietnam Veterans of America, Society of the 5th Infantry Division, Sons of the American Revolution.

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  5. #14
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    Quote Originally Posted by rice paddy daddy View Post
    I’ve got no IRA’s, no 401K’s, very little savings, no credit cards, no loans, nothing.

    I’ve got enough food for several years, I have put back a months supply of gasoline and diesel for the chaos after the election, I’ve got weapons to protect us.
    That is about all I can do.
    Understood. So, this doesn’t befront you.
    "Reality is almost always wrong."
    Dr. Gregory House

  6. #15
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    So exactly what is her thesis for what is going to move the markets so much? (I watched about 14 minutes of it and could not take any more.)

    The most I could gather from the video is somebody (who?) decided the LIBOR rate is fraudulent and artificially low. So the Federal Reserve System came out with a new rate called Sibor (or is it Cybor?) and the banks are required to based their interest rates on it. But the new Sibor (or Cybor) rate is created and managed by the Fed, so that means it is fraudulent and artificially low. What am I missing here?
    Denton, Slippy and Prepared One like this.
    rest in peace Corporal Bradley Coy 06/08/92-10/24/14

    Rest in Peace Sgt Mackie. 10/19/19

  7. #16
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    Quote Originally Posted by Inor View Post
    So exactly what is her thesis for what is going to move the markets so much? (I watched about 14 minutes of it and could not take any more.)

    The most I could gather from the video is somebody (who?) decided the LIBOR rate is fraudulent and artificially low. So the Federal Reserve System came out with a new rate called Sibor (or is it Cybor?) and the banks are required to based their interest rates on it. But the new Sibor (or Cybor) rate is created and managed by the Fed, so that means it is fraudulent and artificially low. What am I missing here?
    The markets factor future possibilities into prices so I’m thinking this sort of things aren’t factual. Agreed?
    "Reality is almost always wrong."
    Dr. Gregory House

  8. #17
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    Quote Originally Posted by Denton View Post
    Understood. So, this doesn’t befront you.
    Even if I did have assets that could be affected, all I could do is try to withdraw them.
    I could not change the trajectory of whatever would happen to markets.
    Slippy and Denton like this.
    "There is nothing so exhilarating as to be shot at without result." Winston Churchill
    "Leave the artillerymen alone, they are an obstinate lot." Napoleon
    Member: VFW, American Legion, Vietnam Veterans of America, Society of the 5th Infantry Division, Sons of the American Revolution.

  9. #18
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    I've known some miserable wealthy folk and I've known some miserable poor folk.

    I've come to the conclusion that having money or not having money doesn't seem to be a very good indicator of happiness...

  10. #19
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    Remember, if the stock you own doesn’t hit zero, you still own it and it will come back, if Trump is re-elected, the markets will hit 30,000. Remember the last election, the same predictions were made, if Trump is elected, the markets will tank.....didn’t happen.....
    Smitty901, Denton, Slippy and 1 others like this.

  11. #20
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    Oct 19th does not work for me you will have to delay it a day or two. Dog goes to the vet, Work to do on the sidecar nope 19th is just a no go.

    Often these short term mini crashes are engineered by big money investors. Force the market down by selling off then turn right around and by back cheap. As for low rates we know they have been kept low for a long time. Rest of the world is doing it so we have to.
    I sure don't want to return to Jimmy Carters economy where you can make more sitting cash in a bank than investing it. That did not work out well. Harris economy is going to be rocky you will have a socialist economy that has no clue what they are doing.
    stevekozak and Piratesailor like this.
    New life as a house husband, major shift in duties.

    Karl Marx said, "Destroy their culture, rewrite their history. Ruin their art and literature, and defame their heroes, by offering fabrications to scandalize that which they considered good.
    After reading this Obama said I am on it.

 

 
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