Home › Forums › MGTOW Central › Black Monday: October 16th 2017?
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Princekie 2 years, 3 months ago.
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OK guys, I’ve been looking into some things lately.
Exactly 30 yrs since we had hurricanes in the UK (the really bad one that the BBC said “wouldn’t affect us”)
And….
Exactly 30 yrs since the Wall St Crash of 1987. The UK and Ireland is due to get battered by the worst hurricanes in thirty years tomorrow, and I’ve heard a hell of a lot of rumours that the worldwide stock markets are going to plunge tomorrow triggering worldwide recession. Coincidence… or will we see the world economy take a plunge and see billions wiped off stocks and shares?
Any views?
I DOUBT it.
I don’t think MOST will know or care never mind hit the panic button, and sell off ALL their holdings.
Hey, but if I could read the future, I would have made my fortune long ago, and wouldn’t be livin the life of a wage slave.
In a World of Justin Beibers Be a Johnny Cash
hope so–I need the market to crash so I can buy back into it.
Anonymous0OK guys, I’ve been looking into some things lately.
Exactly 30 yrs since we had hurricanes in the UK (the really bad one that the BBC said “wouldn’t affect us”)
And….
Exactly 30 yrs since the Wall St Crash of 1987. The UK and Ireland is due to get battered by the worst hurricanes in thirty years tomorrow, and I’ve heard a hell of a lot of rumours that the worldwide stock markets are going to plunge tomorrow triggering worldwide recession. Coincidence… or will we see the world economy take a plunge and see billions wiped off stocks and shares?
Any views?
No way. Not tomorrow. The US market has been hitting new highs regularly for weeks and months. It hit new highs on Friday, two days ago. (The Nikkei in Japan was hitting records last week as well.) So it’s not going to suddenly turn on a dime and do a big pullback across a single day.
I’ve seen a number of big declines over 30 years of investing, and the market always stalls for a while and starts dropping off a bit beforehand. The thing is, even when that happens you don’t know if it will fall or resume climbing, so you just stay in the market and hope for the best.
But in any case, the market has been so strong recently that I can’t see it doing a big pullback on Monday. It would have to stall out for a couple weeks or more before a big decline.
Just my amateur opinion of course.
hope so–I need the market to crash so I can buy back into it.
My guy 😆
Come on world crash and burn, I will do a BBQ with the spoils.
To those following me, be careful, I just farted. Men those beans are killers.
OK guys, I’ve been looking into some things lately.
Exactly 30 yrs since we had hurricanes in the UK (the really bad one that the BBC said “wouldn’t affect us”)
And….
Exactly 30 yrs since the Wall St Crash of 1987. The UK and Ireland is due to get battered by the worst hurricanes in thirty years tomorrow, and I’ve heard a hell of a lot of rumours that the worldwide stock markets are going to plunge tomorrow triggering worldwide recession. Coincidence… or will we see the world economy take a plunge and see billions wiped off stocks and shares?
Any views?
No way. Not tomorrow. The US market has been hitting new highs regularly for weeks and months. It hit new highs on Friday. (The Nikkei in Japan was hitting records last week as well.) So it’s not going to suddenly turn on a dime and do a big pullback across a single day.
I’ve seen a number of big declines over 30 years of investing, and the market always stalls for a while and starts dropping off a bit beforehand. The thing is, even when that happens you don’t know if it will fall or resume climbing, so you just stay in the market and hope for the best.
But in any case, the market has been so strong recently that I can’t see it doing a big pullback on Monday. It would have to stall out for a couple weeks or more before a big decline.
Just my amateur opinion of course.
Interesting analysis.
That’s exactly what they said (and what happened weirdly enough) in 1929. Don’t think that in this day and age of worldwide computing and AI, things will be “different”. The first ones to grab their parachutes will be the Rich and well informed, and the herd just end up getting squashed in the stampede. 1929 Crash went something like this:
Shares went down. Market was “propped up”. Friday before the Crash, the market was going up. Then Monday morning….
BANG!
Followed by massive plunge and lots of Wall St window ledge surfing….
Anonymous0Interesting analysis.
That’s exactly what they said (and what happened weirdly enough) in 1929. Don’t think that in this day and age of worldwide computing and AI, things will be “different”. The first ones to grab their parachutes will be the Rich and well informed, and the herd just end up getting squashed in the stampede. 1929 Crash went something like this:
Shares went down. Market was “propped up”. Friday before the Crash, the market was going up. Then Monday morning….
BANG!
Followed by massive plunge and lots of Wall St window ledge surfing….
The market was stalled for all of September and October before the 1929 crash. See the stock chart at Wikipedia here: https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
That’s my point. Before a big crash, the market stalls for a month or two beforehand. But that hasn’t happened this year. It’s been running upward ever since Trump was elected.
Interesting analysis.
That’s exactly what they said (and what happened weirdly enough) in 1929. Don’t think that in this day and age of worldwide computing and AI, things will be “different”. The first ones to grab their parachutes will be the Rich and well informed, and the herd just end up getting squashed in the stampede. 1929 Crash went something like this:
Shares went down. Market was “propped up”. Friday before the Crash, the market was going up. Then Monday morning….
BANG!
Followed by massive plunge and lots of Wall St window ledge surfing….
The market was stalled for all of September and October before the 1929 crash. See the stock chart at Wikipedia here: https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929
That’s my point. Before a big crash, the market stalls for a month or two beforehand. But that hasn’t happened this year. It’s been running upward ever since Trump was elected.
As a fellow Mgtow, I beg to disagree…
”
The Roaring Twenties, the decade that followed World War I and led to the crash,[4] was a time of wealth and excess. Building on post-war optimism, rural Americans migrated to the cities in vast numbers throughout the decade with the hopes of finding a more prosperous life in the ever-growing expansion of America’s industrial sector.[5] While the American cities prospered, the overproduction of agricultural produce created widespread financial despair among American farmers throughout the decade.[5] This would later be blamed as one of the key factors that led to the 1929 stock market crash.[6]
Despite the dangers of speculation, many believed that the stock market would continue to rise forever”People believed that the market would keep rising forever. Just like today, people borrowed huge amounts of money to throw into the market (creating a bubble) which inflated the market to seismic proportions. Just like the speculation that they had in 1929, there is the same sort of speculation now. We’ve never really sorted the banking/debt issues of 2007-09; just brushed it under the carpet. We’ve currently got:
High debt ratios
Car loan bubble
House price bubble
P2p lending bubbles
Money printing… (Not a bubble!)Sooner or later this whole thing is going to implode. We can’t just keep kicking the can down the road.
Anonymous0As a fellow Mgtow, I beg to disagree…
”
The Roaring Twenties, the decade that followed World War I and led to the crash,[4] was a time of wealth and excess. Building on post-war optimism, rural Americans migrated to the cities in vast numbers throughout the decade with the hopes of finding a more prosperous life in the ever-growing expansion of America’s industrial sector.[5] While the American cities prospered, the overproduction of agricultural produce created widespread financial despair among American farmers throughout the decade.[5] This would later be blamed as one of the key factors that led to the 1929 stock market crash.[6]
Despite the dangers of speculation, many believed that the stock market would continue to rise forever”People believed that the market would keep rising forever. Just like today, people borrowed huge amounts of money to throw into the market (creating a bubble) which inflated the market to seismic proportions. Just like the speculation that they had in 1929, there is the same sort of speculation now. We’ve never really sorted the banking/debt issues of 2007-09; just brushed it under the carpet. We’ve currently got:
High debt ratios
Car loan bubble
House price bubble
P2p lending bubbles
Money printing… (Not a bubble!)Sooner or later this whole thing is going to implode. We can’t just keep kicking the can down the road.
Whatever. The OP asked specifically what would happen tomorrow, on Monday, October 16. I’m predicting that the market has been too strong to suddenly turn around in a single day and plunge tomorrow. There has to be a stall and a pullback first. Maybe that will happen in a week or a month or in six months. But not tomorrow, on Monday, October 16.
I’m not trying to predict what’s going to happen in two weeks or a month or six months or a year. I’m not trying to predict long-term trends. I’m just saying that I can’t see the market doing a big plunge specifically tomorrow, on Monday, October 16. Because the market has simply been too strong to turn around on a dime, in a single day.
As a fellow Mgtow, I beg to disagree…
”
The Roaring Twenties, the decade that followed World War I and led to the crash,[4] was a time of wealth and excess. Building on post-war optimism, rural Americans migrated to the cities in vast numbers throughout the decade with the hopes of finding a more prosperous life in the ever-growing expansion of America’s industrial sector.[5] While the American cities prospered, the overproduction of agricultural produce created widespread financial despair among American farmers throughout the decade.[5] This would later be blamed as one of the key factors that led to the 1929 stock market crash.[6]
Despite the dangers of speculation, many believed that the stock market would continue to rise forever”People believed that the market would keep rising forever. Just like today, people borrowed huge amounts of money to throw into the market (creating a bubble) which inflated the market to seismic proportions. Just like the speculation that they had in 1929, there is the same sort of speculation now. We’ve never really sorted the banking/debt issues of 2007-09; just brushed it under the carpet. We’ve currently got:
High debt ratios
Car loan bubble
House price bubble
P2p lending bubbles
Money printing… (Not a bubble!)Sooner or later this whole thing is going to implode. We can’t just keep kicking the can down the road.
Whatever. The OP asked specifically what would happen tomorrow, on Monday, October 16. I’m predicting that the market has been too strong to suddenly turn around in a single day and plunge tomorrow. There has to be a stall and a pullback first. Maybe that will happen in a week or a month or in six months. But not tomorrow, on Monday, October 16.
I’m not trying to predict what’s going to happen in two weeks or a month or six months or a year. I’m not trying to predict long-term trends. I’m just saying that I can’t see the market doing a big plunge specifically tomorrow, on Monday, October 16. Because the market has simply been too strong to turn around on a dime, in a single day.
Yep I did say/ask that. Thank you for your views.
Whatever happens, I guess we will all find out tomorrow. Will it be “same old same old” or will something actually occur?
The same speculative beliefs are out there, but I guess that’s human nature. Meanwhile technology has progressed to either prevent a mass sell off or accelerate it. I guess we shall see what happens!Good luck with your investments mate.
Anonymous0Yep I did say/ask that. Thank you for your views.
Whatever happens, I guess we will all find out tomorrow. Will it be “same old same old” or will something actually occur?
The same speculative beliefs are out there, but I guess that’s human nature. Meanwhile technology has progressed to either prevent a mass sell off or accelerate it. I guess we shall see what happens!Good luck with your investments mate.
Yeah, we’ll have our answer about tomorrow’s market quick enough.
And thanks for your good wishes concerning my investments.
Short- to medium-term: For what it’s worth, a lot of big experts *are* predicting a pullback sometime in the near future (a few weeks or a few months). But I’ll just stay in the market and ride it out. I don’t need the money right away, and I’ve ridden out a few big pullbacks in the past, including the one in October 1987. The market bounces back sooner or later.
Longer term: The tech market is so vibrant with so many new innovations each year, that the market recovers quicker every time. The technology doubling time * is so short these days that you really have to be in the market or you miss out; the long-term market trend remains upward, with new gadgets and equipment and toys and innovations coming out faster and faster every year.
Again, just an amateur opinion.
* Article on “technology doubling time”: http://www.industrytap.com/knowledge-doubling-every-12-months-soon-to-be-every-12-hours/3950
The stock market crash of 1987 was followed by a tech stock boom in the 1990s. So…I don’t really care too much about the future. My strategy is to adapt to changes as much as I can.
Some established companies will be profitable no matter what, as well as some startups. Money flows to smart, innovative, hard-working people. I’d like to find some and sponsor them.
"I saw that there comes a point, in the defeat of any man of virtue, when his own consent is needed for evil to win-and that no manner of injury done to him by others can succeed if he chooses to withhold his consent. I saw that I could put an end to your outrages by pronouncing a single word in my mind. I pronounced it. The word was ‘No.’" (Atlas Shrugged)
Anonymous0The stock market crash of 1987 was followed by a tech stock boom in the 1990s. So…I don’t really care too much about the future. My strategy is to adapt to changes as much as I can.
Some established companies will be profitable no matter what, as well as some startups. Money flows to smart, innovative, hard-working people. I’d like to find some and sponsor them.
Warren Buffett was in the news last month predicting that the Dow would be over the one million mark as of 100 years from now. Sounds a little silly to predict anything that far out. But I think his point was this (quoting from the news article):
Why did Buffett say that the Dow will rise to 1 million? Simply put, he believes that the success of America is an excellent long-term bet.
“Whenever I hear people talk pessimistically about this country, I think they’re out of their mind,” said Buffett. At the event, Buffett said that there have been over 1,500 people included on Forbes magazine’s annual list of the 400 richest Americans over the years, and: “You don’t see any short-sellers… Being short on America has been a loser’s game. I predict to you it will continue to be a loser’s game.”
Buffett’s main point is not that the Dow will get to any specific milestone, but rather that long-term investing has always been, and will continue to be, the best way to go. More specifically, Buffett has said in the past that the best investment most Americans can make is a simple low-cost S&P 500 index fund.
Anyway, here is a link to the article, if anyone is interested: https://www.fool.com/investing/2017/09/21/warren-buffett-said-dow-jones-will-hit-1-million.aspx
On zoom with RedDawn who is in Australia, where its 11 am and according to him NO crash! Today!
Anonymous0On zoom with RedDawn who is in Australia, where its 11 am and according to him NO crash! Today!
Good to hear. 😀 Thanks for the report!
I have been anticipating this, based on the fundamentals being quite weak. Stock indices are in La La land.
btw the Ozzie stocks are up 0.5% today.
Afinogyny.. from the Greek Afino {to abandon/ to set down/ to leave /to allow/ to let } + Gyny {Women} MGHOW’s philosophy to not engage women without “hating them”. Narcorca =Narcissistic Orca typically spouting to a bathroom mirror taking an arms length selfie ; Wallinate describes post wall females whose SMV is terminally negligible New Years resolution "To not make women happy" . Instadestitue: yet another Neologism for Men that cohabit with women that decide to pull the handle of intervention orders.
According to a source I have at Fidelity, we are at least 1 year away from a sustained contraction. However, there will inevitably be at least a mild recession somewhere 2-4 years time frame. The situation is somewhat fluid, because the markets have rallied behind Trump, the recession could even be slightly later.
Sovereignty above all else.
Well what can I say?!!
I think a budding career as a Financial Analyst is off the cards! I’ll stick to making paper for a living…
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