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Yes.

Guess I'm going to have to look that up, 'cause I'm confident you're mistaken.

I don't have a good way to look that up, but nothing like that made an impression on me... so I'm thinking not. Traders should not fear the "black swan" event. Should have reasonable plays with stops in place. However, nobody is safe from the "lightning bolt", and especially overnight. That...

LOL! Get that. At my B/D, one ballsy broker had bought a ton of cheap OTM puts. Cashed in for >$1MM and retired from the biz. Good for him!

Correct.

Yes. Shows government (Trump) desperation. But in reality, a 15-20% correction in the market is actually just "noise".

Banks aren't the Fed. The banks have no obligation to "support the market". They are not going to risk their capital just because some government asshat begs them to.

Whenever the government reacts to "get involved"... it's almost always a "big mistake".

'87, was a -22% plunge in one day. That's not likely either. I can't think of even a 5% decline in one day except that one.

Not today. That's ~8% below. Likely the technical players will play it when/if we get there, however.

Most states take approximately the same amount in taxes from the 3 main sources.... income, property, sales. Those that have low or none of one category, tend to have higher other. Your best tax treatment will be one that suits your investment profile best. Heavy into RE? Avoid "high...

Jawboning. The bankers are not going to commit their capital to "support" the market like the Fed. (If banks are using their head, they should be reducing exposure or even shorting.) The Fed can print whatever it wants with no conseqence. Trump needs to stop whining like a little girl and...

Part of the problem is that in the past it has taken interest rate reduction of 4-5% to turn things around. Powell doesn't have that kind of room. And if he just lets things continue as they've been, the maket will eventuall collapse of its own weight/valuation... and the Fed will have no...

Mugs. I like that! :)

Dow 10,000 or 5,000... down -80% or "down only -60%".... either would be devastating to many. In any case, one can make the argument for much lower.

Saw a story somewhere... "surprisingly, nobody is short".

In the Great Depression the Dow dropped -90%. Can hardly rule anything out as "impossible". In the 2007-2009, decline... a leveraged Nasdaq mutual fund lost -97.5%. No recovering from that.

Not pounding the table on this, but he has some cred in the financial world. (Ex Goldman-Sachs guy.) You might want to keep that in the back of your mind as you may be chomping at the bit to BTFD as things play out. FWIW....

The wall is partly a physical barrier and partly symbolic. What America should do and should have done long ago... make it known that illegal immigration will not be tolerated. PERIOD! The way they do that is with dire consequences so that invaders stop trying. Think of N. Korea or Iran...

1. Placing stops is partly "art". 2. Any reasonable stop is better than none. Can't survive without them.