Black Monday

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Quote from ByLoSellHi:

Hydro, I'm only a bear until we finish this selloff and see consolidation.

Are there great companies that are getting sold off now? Yep.

Are they worth buying now? I don't know. Everything is getting hit.

I was very bullish last June. I am not a permabear.

p.s. - You're right. At least 1/2 of all equities are overpriced garbage. Probably more. I, too, will be looking to buy the cream of the crop when this correction is finished, whenever that may be.

Also, cash is a winner now. 5.5% plus negative loss of (x) in equities = 5.5% + x.
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bylo where do you see the dow dropping too, or when are you going to become bullish???

It will be difficult to become bullish even if the market does drop another 5-10%. I thought last May/June when the markets were selling off hard that the dow was going under 10k, never happened, July 14th the markets bottomed and went straight up. The question is, is this the start of a bear market or is this just a minor dip before one of the greatest bull runs in history.
 
Quote from S2007S:

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bylo where do you see the dow dropping too, or when are you going to become bullish???

It will be difficult to become bullish even if the market does drop another 5-10%. I thought last May/June when the markets were selling off hard that the dow was going under 10k, never happened, July 14th the markets bottomed and went straight up. The question is, is this the start of a bear market or is this just a minor dip before one of the greatest bull runs in history.
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S2k, I honestly have no idea, and I'd be leery of anyone who claims to know.

I do know that the real run in stocks didn't really start until last June, and ran right through January of this year, and it was a very fast rise that one would have expected to have been more indicative of an expectation that earnings growth would increase, rather than what is really happening, which is decelerating corporate earnings growth.

I went all in last June, did very well, and could have done better had I held until January. I started selling in November, and really sold a lot of my positions in December.

I will say one thing with confidence - the U.S. economy is slowing, and I think the usual talking heads on CNBC and Barron's have either intentionally or ignorantly downplayed the real degree and breadth of the slowdown that is now taking place in the U.S. economy.

Manufacturing generally, and housing and autos are terrible, and now retail is beginning to feel the pinch.

Maybe the banana republic service sector will bail the U.S. out, now that we've exported so many high wage jobs to China and Mexico (manufacturing) and India (IT).

Maybe all those $11/hour service sector workers will really keep the U.S. economy vibrant and expanding, as they buy Plasma screen TVs, and $35,000 F-150s, and $500,000 Pulte Homes, now that Kudlow has prognosticated that Goldlilocks is here, even though manufacturing, housing, autos, and the mortgage/finance industries are melting down.

I must be an idiot not to understand this whole Goldilocks thing that has Kudlow so excited.
 
Quote from ByLoSellHi:

S2k, I honestly have no idea, and I'd be leery of anyone who claims to know.

I do know that the real run in stocks didn't really start until last June, and ran right through January of this year, and it was a very fast rise that one would have expected to have been more indicative of an expectation that earnings growth would increase, rather than what is really happening, which is decelerating corporate earnings growth.

I went all in last June, did very well, and could have done better had I held until January. I started selling in November, and really sold a lot of my positions in December.

I will say one thing with confidence - the U.S. economy is slowing, and I think the usual talking heads on CNBC and Barron's have either intentionally or ignorantly downplayed the real degree and breadth of the slowdown that is now taking place in the U.S. economy.

Manufacturing generally, and housing and autos are terrible, and now retail is beginning to feel the pinch.

Maybe the banana republic service sector will bail the U.S. out, now that we've exported so many high wage jobs to China and Mexico (manufacturing) and India (IT).

Maybe all those $11/hour service sector workers will really keep the U.S. economy vibrant and expanding, as they buy Plasma screen TVs, and $35,000 F-150s, and $500,000 Pulte Homes, now that Kudlow has prognosticated that Goldlilocks is here, even though manufacturing, housing, autos, and the mortgage/finance industries are melting down.

I must be an idiot not to understand this whole Goldilocks thing that has Kudlow so excited.
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agree with all your points, I pointed out a slowing economy back last summer/fall however the markets paid no attention to it and rallied very hard. The run up the market has had has baffled me since early fall. I don't think this rally should have lasted as long as it did. I'm not surprised by the sell off in that I mentioned it here hundreds of times that this correction would be severe. I dont know how much further we fall either. Last May/June/July the nasdaq fell approx 14-15%, were only off 6.5% from the top, another 10% could happen very easily. Would lighten up on my portfolio around nasdaq 1600 and start to enter long positions.

As for Goldilocks, it doesnt exist. He doesnt know what he is talking about. I think there is a 75% chance the economy goes into a recession.
 
Quote from Trader KGB:

The Chinese indices are an hour-delayed. I think they may have come off by now. The Hang Seng China Enterprises Index (HSCEI) is off 4.62% as of this typing.
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I keep on bloomberg or cnbc asia at night, I don't know why its so hard to find real time data for those indices. yahoo has them delayed which isnt good.
 
I'm literally so wound up I won't be able to sleep tonight.

We are in a free fall, cascade, IMO.

This is surreal. China down 6%+ with curbs in effect possibly?
 
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