On top of that I see the Dow is called down 286 points and Nasdaq 102 as I type. Could be an interesting day tomorrow if this continues.
Printable View
A timely reminder from the book of Proverbs on a day like today as I was reading chapter 23." Don't wear yourself out trying to get rich, be wise enough to know when to quit, in the blink of an eye wealth disappears for it will sprout wings and fly away like an eagle." Sleep tight all.
Fairly bleak view expressed on bloomberg:
Schedule doesn't really work for me, I'm already busy lounging around the office and day-dreaming about a long summer holiday I have booked. Can we just delay panicking until about March when the Europeans start to really squeeze the British? It seems more reasonable for all involved.Quote:
"Global markets including the U.S. have peaked. We should be prepared for the next round of financial crises and turmoils."
Not a bad sort of day on the S&P500 today — solid buying after early jitters
This is interesting from twitter though — shows the big number that doesn’t look too bad (yet) hides a lot of losses over the last year. Prob NZ situation is similar but brokers don’t tell you that sort of stuff.
Carl Quintanilla (@carlquintanilla)
24/10/18, 3:10 AM
"74% of the S&P is now 10%+ off their 52-week highs.
Of those, 200 companies are in a 'bear market' (20% or more below their 52-wk high).
Thanks for sharing mate. There's some awesome wisdom in the book of Proverbs. My Living Bible Proverbs 23 v4-5 puts it this way. Don't weary
yourself trying to get rich. Why waste your time ? For riches can disappear as though they had the wings of a bird. (Emphasis added).
Perceptions and Synchronicity
https://www.cnbc.com/2018/10/23/former-fed-chairman-paul-volcker-thinks-were-in-a-hell-of-a-mess.html
Is this the time the greedy are shovelling into their holdings as the fearful panic and pull the trigger.
Or do the patient wait for those bargains at some future final capitulation point , days , weeks or months ahead (who knows)?