primitives ingore biggest story of the day

[USA4ME]

a kennedy

Yikes.....the Dow Jones is down over 500 points today.....how fast will it bounce back?

http://www.democraticunderground.com/10027098170

Hardly any comments.

I've been saying this was going to start this summer (15% to 20% market correction from the high) and last for 18 months or so before things get turned around.

DustyJoe

4. dump and pump
 
China is in the toilet, countries that rely on their chinese credit cards are going to find their credit lines frozen. This will get ugly, fed is set to hike interest rates and inflation rearing its ugly head is a natural reaction to rate hikes.

The market has already been adjusting on the anticipation of an increased fed rate.

LanternWaste

5. my guess is a 10% red correction over the next 30 days.
 
Up 170% since the 2009 low. No major corrections since then. Bull markets usually last for 55-65 months. Doubtful the Fed will raise rates on Sept 16, probably Dec 16 (it it's raised at all this year). So my guess is a 10% red correction over the next 30 days.

OK, DJIA high was roughly 18,300 in May, 2015. So this primitive is claiming a drop to 16,470 (it's currently 16,460, so it's there) and that's the end of the correction. IOW, today is it and it should be up, up and away from here. Let's see if the genius is correct.

Of course, this dolt would probably come back and say a 10% correction from the start of today, but who talks about a stock correction referencing anywhere other than the high? It's the equivalent of "24 business hours" in stock speak.

From another thread:

edhopper

2. Over reaction to China,
 
low volume and usual August downturn.

No major economic upheaval, Good buying opportunity.

http://www.democraticunderground.com/10027097669#post2

Well yeah, a good buying opportunity at some point, but when? This primitive seems to indicate it's now, just as the other primitive has done so via their "10% red correction over the next 30 days" comment since their 10% from the top has arrived.

No primitives, there's more to come. There may be a rally or two, but the general direction will be further down.

And Dear Leader will get the blame. You didn't even mention that, you wimps.

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[USA4ME]

Dow drops another 588. 13.3% drop from the high of approx. 18,300.

A few threads on the island. Still no one blaming Dear Leader, though if a Republican were in office, we all know they would be.

Com'n primitives, someone at least try and point out how Dear Leader and Dems will be blamed for all this. And then let's hear your stupid excuses for why they shouldn't be.

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[JohnnyReb]

Dow drops another 588. 13.3% drop from the high of approx. 18,300.

A few threads on the island. Still no one blaming Dear Leader, though if a Republican were in office, we all know they would be.

Com'n primitives, someone at least try and point out how Dear Leader and Dems will be blamed for all this. And then let's hear your stupid excuses for why they shouldn't be.
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Greedy rethuglicans taking evil profits....and it's all Bush's fault.

[Skul]

It's Bush's fault, and those pesky Jooooooooozz, too.

[Delmar]

[USA4ME]

Market down 205 pts today. The primitives aren't talking about it.

Not saying there won't be a rally or two (there was an attempt at one today), but we're not at the bottom yet. I still say it's going to be somewhere between 14,700 and 15,600 and it may take time to get there. But once it's there, it's not gonna move much until the end of 2016/beginning of 2017.

Which is a bad sign for the Dems.

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