Get ready for an 8% to 13% stock market correction

[Clubber Lang]

“The big decline in Thursday’s trading session”.

The S&P wasn’t even down 1%.
These moron writers love to write sensationalized headlines with the DOW down “hundreds” of points.
300 points on a ~27,000 point index is a joke.
Wait until the real selling starts!

 

[maxinger]

“The big decline in Thursday’s trading session”.

The S&P wasn’t even down 1%.
These moron writers love to write sensationalized headlines with the DOW down “hundreds” of points.
300 points on a ~27,000 point index is a joke.
Wait until the real selling starts!

you are right mister.

I usuallly read the headline (only ) just to see how foolish, how slow,
how inaccurate, how erroneous those news reporters are.
Reading the whole story would cause my blood to boil.

India market is dropping alot but those reporters aren't talking about it.

 

[schweiz]

These sorts of stories are a good way to get your name noticed and for the media to report news when there is no news.

But who acts on this stuff? Not the long-term investor nor the long-term trader like me, we already planned for making a profit out of bad things. Nor the day-trader, who has a plan to trade short-term for a minute by minute hour by hour profit regardless of the longer term market direction.

So I guess these stories are for the guys who don't have a plan. I wish them luck to make up for their lack of brains.

But do these distinguished economists and analysts and business journalists seriously want to pitch to the recruitment panel at their new job, "You should take me on because I want to write for your most stupid readers/viewers/clients, and you have lots of them and I can get you more"? Surely not. No, these stories are purely for for the benefit of the writer, the quality of the evidence contained is irrelevant.

The media has to fill lots of pages everyday, over and over again. But if there is no news these pages should be filled too. And these pages should sell. So they need spectacular headlines, even if there is no substance behind it.

I never cared what is written or predicted. I follow my own system and in that way I am always prepared for no matter what happens.

 

[SunTrader]

... Trying to get everyone to sell their holdings and crashes the market.

LMAO

We are decades past the days of when the media had power.

But the ummm Politicians still have power ......... especially to control the media. AND sheeple.

 

[rb7]

When should we expect the market decline to begin? Martin says that it’s impossible to say, though added that it may have already started with the big decline in Thursday’s trading session. In any case, Martin says it’s safe to assume that “the decline will start in the next month or two, if not sooner.”

https://www.marketwatch.com/story/get-ready-for-an-8-to-13-stock-market-correction-2018-10-04

Each week, for the last 3-4 years, there's a 'guy-who-know-more' saying that the market is just about to crash (or to decline)...

I personally don't care about next month, next week or tomorrow. I only care about today, from the open to the close (RTH). That's the best thing about day-trading.

 

[maxinger]

Each week, for the last 3-4 years, there's a 'guy-who-know-more' saying that the market is just about to crash (or to decline)...

I personally don't care about next month, next week or tomorrow. I only care about today, from the open to the close (RTH). That's the best thing about day-trading.

agree. day traders don't bother about all these.

Those investors keep on worrying about when market is going to collapse and those things.

 

[SunTrader]

agree. day traders don't bother about all these.

Those investors keep on worrying about when market is going to collapse and those things.

Exactly, those who don't day trade don't care about intra day movements.

Why do so many day traders comment then about a long term market call? Reading comprehension ain't what it should to be lol.

 

[schweiz]

Why do so many day traders comment then about a long term market call?

Because they are no real daytraders, they are wannebees.

 

[maxinger]

Exactly, those who don't day trade don't care about intra day movements.

Why do so many day traders comment then about a long term market call? Reading comprehension ain't what it should to be lol.

day traders can sleep very well every night.
because their positions are closed before end of day.

Investors can't sleep every night.
every night, they think about market collapsing and those things.

 

[tomorton]

I tend to the purist view of investors - buy shares for life, for dividend income. The shares eventually pass into their estate and on to their beneficiaries, they are never sold. Buying with a view to sale for a profit from price appreciation is trading, regardless of time horizon.

The industry of course likes to flatter their clients by calling them investors....