OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

Didn't Goldman also predict $200 a year or two ago?
Last person you can trust or take seriously is Goldman :lol

Chart looks like ****. If you wanna gamble on the recent low being support, good luck. But I wouldn't be stubborn here. Bottom feeding is always hard and risky.
 
I work in the industry and all the PMs and clients are losing their minds in this market.

Heavy talks of a possible recession in 2017 even though fundamentals look okay now.
 
Started investing in '07. A few months later, the GR happened and i almost lost everything. That was a baptismal by fire... :lol


This right here...not eem worried...:lol. Not too worried about oil. China, though, is gonna produce one heck of a bowel movement in the stomach of the global economy.





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What's coming will make 07 look like child's play. What's happening right now, however, is what's known as a bear trap.
 
Im about to secure a house in the coming months...
Anyone know if housing market prices will drop with this nose dive?

I'm relieved that interest rates dropped again but would love to take full advantage of a steal if i waited.
 
Didn't Goldman also predict $200 a year or two ago?

The be fair the bank will be named but it's the analysts who put it out. Oil at 20 is feasible. The oil is already out and if we reach the true supply max when it comes to storing oil is when we will hit the bottoming out as the glut will be gone. They created the glut to drive out non rich producers and the cycle will be back rolling when oil hits 60s q4 this year
 
Im about to secure a house in the coming months...

Anyone know if housing market prices will drop with this nose dive?
I'm relieved that interest rates dropped again but would love to take full advantage of a steal if i waited.

there's a housing bubble right now that should pop if we have a repeat of anything like 2008, depending on who you ask.

here's a good article: http://www.doctorhousingbubble.com/stock-market-and-real-estate-values-stocks-housing/

personally, id wait for the crash and buy when prices fall.
 
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Didn't Goldman also predict $200 a year or two ago?

The be fair the bank will be named but it's the analysts who put it out. Oil at 20 is feasible. The oil is already out and if we reach the true supply max when it comes to storing oil is when we will hit the bottoming out as the glut will be gone. They created the glut to drive out non rich producers and the cycle will be back rolling when oil hits 60s q4 this year

OPEC did this to drive out the fracking/shale industry in the US and Canada

Oil is crashing mostly due to Iran's economy coming back to the world stage as well as partly due to stolen oil sold at a discount (ISIS). Any war between any ME regional player, i.e. Iran and SA would cause the price to skyrocket imo.
 
Im about to secure a house in the coming months...

Anyone know if housing market prices will drop with this nose dive?
I'm relieved that interest rates dropped again but would love to take full advantage of a steal if i waited.

there's a housing bubble right now that should pop if we have a repeat of anything like 2008, depending on who you ask.

here's a good article: http://www.doctorhousingbubble.com/stock-market-and-real-estate-values-stocks-housing/

personally, id wait for the crash and buy when prices fall.
Yes, wait for the next crash. Variable rate loans are about to spike due to the Fed, and between the oil crash and the market correction/start of a bear market, people are gonna start defaulting again. I don't think it'll be at the same level of the 08 crash, but a crash is coming again. Interest rates will go down, bubbles in major cities will pop and we'll start seeing true values for homes reenter the market. With how things are now, and if they continue this way, it'll happen by next year.

At least imo.
 
Made a quick buck on weekly GOOGL options.

Got out around the HOD, thankfully.

Want to dip my toes back in the waters of TWTR but there is no bottom in sight.

Straight free fall in the last moth; accelerated by today's outage. But MAN, the new addition of Periscope streams to your TL, really highlights the potential of this platform and company.

I was blown away seeing a Twitter model dancing and interacting with followers in real time, right on my TL.

Stock could easily drop to $13/14 if this correction continues but I think it'll reverse tomorrow with the rest of the market.

Thinking about buying a March call before the closing bell, depending on the overall market action.
 
 
Dawg, these reversals. Just glad I've been sitting on the sidelines
anyone else just sitting and waiting for all this to "settle" down
portfolio soaked in red
sick.gif
Don't jump in now (obviously). Everyone's getting slaughtered, but really doing DD on some names.
 
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