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Dow took a beating this week

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  • TX69

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    US economy has slowed enough to hurt the Chinese. Appears the Kenyans socialist programs and regulations are finally working.
     

    ScorpionHunter

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    Aug 22, 2012
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    The Dow was up nearly 26% in 2013, and in that context 3.5% in a couple of days isn't a big deal. Equity markets tend to drop faster than they rise. We had a similar drop back in June, and the market chugged higher. With the VIX as low as it was, it suggested funds hadn't been buying options as a hedge. So, the market sells off a little more than people expect, and it creates a mini panic because people get caught without protection. The VIX spiked up as it normally does as those same people scramble to buy options. I'd been getting killed on my short positions over the past few months, and yesterday helped out a lot. I'd love to see it higher, but volatility is finally getting back to the bottom of the range where you get rewarded for taking risk, whether you're bullish or bearish.
     

    robertc1024

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    I've never understood why people were so caught up in points. Ignorants. Percentages is where it's at.
     

    breakingcontact

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    Oct 16, 2012
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    US economy has slowed enough to hurt the Chinese. Appears the Kenyans socialist programs and regulations are finally working.

    Central banks. They can only run the shell game so long then onto the next one. What comes after "quantitative easing" tapers off?

    -Without Life there can be no Liberty-
     

    deemus

    my mama says I'm special
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    I know of several pretty smart guys who took all their money out of the stock market. Paid off all their debt, and "realigned" where they had their money.
     

    cbigclarke

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    cypress
    I wanna move into real estate. I think maybe this time next year, if things continue as they are I'll be seriously looking

    Sent from my DROID RAZR using Tapatalk
     

    IXLR8

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    May 19, 2009
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    Diversify. Commodity items, whether it is firearms, precious metals, or anything you have expertise in. I will bet that copper pipe will be in short supply after the harsh winter.

    300 points, seriously? Wait until you see a 25% sell off like Japan had last year.

    China is the wild card. The desparity between classes there is a powderkeg. They may pick a fight with Japan just take the countrys focus away from it.
     
    Last edited:

    Shooter McGavin

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    Jul 26, 2012
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    ^^^As of November of last year my wife and I began to have a home built, date for completion is sometime in April. Since we started the price on a new home build similar to ours in that area has risen almost $10K. The've been building in that area for over five years now but most of it has been done within the last year or so and there is still plenty of room for more homes. During a conversation about rates, points, and fees a couple weeks back the builder told me that there will be new regulations/requirements for lenders. If I recall correctly I believe they mostly involved debt to income ratios, long term debt, higher credit scores, etc., with tighter restrictions on the applicant(s). The builder said she fears it will begin to slow down home sales once again in the near future, with fewer people being able to qualify for home loans under the tighter restrictions.^^^
     

    1slow01Z71

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    Jun 24, 2012
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    Kyle
    ^^^As of November of last year my wife and I began to have a home built, date for completion is sometime in April. Since we started the price on a new home build similar to ours in that area has risen almost $10K. The've been building in that area for over five years now but most of it has been done within the last year or so and there is still plenty of room for more homes. During a conversation about rates, points, and fees a couple weeks back the builder told me that there will be new regulations/requirements for lenders. If I recall correctly I believe they mostly involved debt to income ratios, long term debt, higher credit scores, etc., with tighter restrictions on the applicant(s). The builder said she fears it will begin to slow down home sales once again in the near future, with fewer people being able to qualify for home loans under the tighter restrictions.^^^
    I hope so, we are looking to sell shortly and would be nice to sell high and buy low :D
     

    cbigclarke

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    Wait until obamacare kicks in fully. The market is going to be very interesting to say the least

    Sent from my DROID RAZR using Tapatalk
     
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