Stock Market update: Everybody panic!

[Skybird]

0.75 up: US hikes interest rate in biggest rise since 1994.

Somebody at the top opf the FED feels uneasy, it seems. Not so the ECB: its "head" still dozes on. Refusal to work.

[Onkel Neal]

Wow, Exxon is tanking now, I guess my "massive" sell triggered the recession.



Could this be the start of the bubble bursting? Even oil is dropping.

Or is this just a minor correction/dip.... stay tuned!

[AVGWarhawk]

Originally Posted by Onkel Neal

Wow, Exxon is tanking now, I guess my "massive" sell triggered the recession.



Could this be the start of the bubble bursting? Even oil is dropping.

Or is this just a minor correction/dip.... stay tuned!

It is beyond correction. It is a crash.

[Catfish]

@Neal: good timing, congrats

Originally Posted by Skybird

[...]Somebody at the top of the FED feels uneasy, it seems. Not so the ECB: its "head" still dozes on. Refusal to work.

Maybe better not to wake them up, imagine what they would be able to if awake

[Onkel Neal]

Here we go ... again .

Stock market today: Dow, S&P 500, Nasdaq crater after China's tariffs turn up the trade-war heat

[Jimbuna]

Thank God he'll be gone in another three and a half years at most.

[Skybird]

Originally Posted by Jimbuna

Thank God he'll be gone in another three and a half years at most.

And then comes Vance, with Loomer as his Vice!
In the immortal words of Udo Lindenbergh: Alles klar auf der Andrea Doria!

[Aktungbby]

Onkel Neal!...nuthin' like a plummeting portfolio to to bring one to the surface!!?

[AVGWarhawk]

Originally Posted by Onkel Neal

Here we go ... again .

Stock market today: Dow, S&P 500, Nasdaq crater after China's tariffs turn up the trade-war heat

What Trump is doing is risky. I understand his idea of getting manufacturing back to America. I understand there will be some pain involved. But, IMO, a scalpel should have been used where he is using a battle axe.

Financial advisers say to hold the line. For many that is fine as those young of age have time to re-coop losses. Those near retirement or retired do not. I don't think Trump is considering this at all. When you can lose a few million and brush its off it ok. There are not many like this financially. It is tiresome that playing the stock market investors take all the risk. The government does not. If there are capital gains, taxes are accessed. If there are loses....oh well. Better luck in the coming months. Time to buy real estate and gold. These two seem consistent and not much of a risk.

[Jimbuna]

Originally Posted by Skybird

0.75 up: US hikes interest rate in biggest rise since 1994.

Somebody at the top opf the FED feels uneasy, it seems. Not so the ECB: its "head" still dozes on. Refusal to work.

Meanwhile here in the UK...

UK interest rates have risen further as the Bank of England attempts to stem the pace of soaring prices.

Rates have increased from 1% to 1.25%, the fifth consecutive rise, pushing them to the highest level in 13 years.
https://www.bbc.co.uk/news/business-61801362

[Onkel Neal]

So glad I sold!!