Dow Plummets

[TexasAg1969]

@westside-steve said:

Yes I talked to my guy a couple of weeks ago and we agreed that there was a correction coming. That's why I made the joke with him about switching everything over the day before. Mandatory distribution sounds like annuities. 

I'm not even concerned yet just because points and percent are different as was pointed out.

If worse comes to worse I have a big jar of change laying around here somewhere. 

WSS

Mandatory from IRAs start the year you turn 70 1/2. I would rather have left it alone, but it was an opportunity this year to at least take some before the correction. Had to take some last year too using that same weed out the top-enders process.

Here's a little assessment I found on the internet this morning which I think is accurate:

Mark Bern from seekinglpha.com:

"Conclusion

We believe that the case for continuing this bull market advance is stronger than that for an immediate bear market. We could get a correction of more than 10% but we could also get a pull back of less magnitude. The market needs to take a breath and rest so it can build a foundation from which to launch another leg higher. So, we still believe that the bull market will remain intact but that the current selling could provide some unique opportunities to find a few select, quality companies at reasonable valuations."

[Westside Steve]

Ahhhhh I didn't realize you were that old.

WSS

[DieHardBrownsFan]

@westside-steve said:

Ahhhhh I didn't realize you were that old.

WSS

He's not old, he's ancient

[calfoxwc]

@baconhound said:

http://abcnews.go.com/Business/dow-drops-1500-points/story?id=52854673

Begin the spin.

emotional knee jerkie. of course there are corrections. geez.

[DieHardBrownsFan]

And up almost 570 today! MAGA!

[calfoxwc]

anybody think bacon will start a thread on how it went back up again today? lol

[Westside Steve]

@calfoxwc said:

anybody think bacon will start a thread on how it went back up again today? lol

https://www.cnbc.com/2018/02/06/us-stock-futures-dow-data-earnings-market-sell-off-and-politics-on-the-agenda.html

Finally Obama's policies have kicked back in.

WSS

[calfoxwc]

LOL

[DieHardBrownsFan]

[Canton Dawg]

@calfoxwc said:

anybody think bacon will start a thread on how it went back up again today? lol

Of course not, she’s an Obammy shill.

[TexasAg1969]

@diehardbrownsfan said:

He's not old, he's ancient

Teddy told me I looked pretty good back in the day. No not Kennedy........................................................Roosevelt.

[tiamat63]

So did el' Presidente shoot himself out of a canon yet or.......?

[Westside Steve]

@tiamat63 said:

So did el' Presidente shoot himself out of a canon yet or.......?

Tia, looks like you got sucked in by the fake news.

https://www.snopes.com/did-trump-tweet-president-dow-joans/

WSS

[tiamat63]

@westside-steve said:

Tia, looks like you got sucked in by the fake news.

https://www.snopes.com/did-trump-tweet-president-dow-joans/

WSS

Yep... I know that.    Just lightening the mood. 

[DieHardBrownsFan]

[BaconHound]

Boom drops again, friggin' Obamao

[DieHardBrownsFan]

Boom, boom boom.....

[calfoxwc]

here ya go - have a nice day

http://www.politifact.com/truth-o-meter/article/2018/jan/08/how-trump-obama-compare-stock-market/

[FairHooker11]

dont you love the smell of correction in the markets throughout the day?

for the obamanites and fed freaks -take a look at QE1,2,3 

maybe even TARP....

GO TRUMP!

[Canton Dawg]

@baconhound said:

Boom drops again, friggin' Obamao

No, you keep forgetting that lefties credit Obozo when the market goes up, and Blame Trump when it goes down.

Graphically, it would look like this. . .