General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsYikes.....the Dow Jones is down over 500 points today.....how fast will it bounce back?
AngryAmish
(25,704 posts)Anyone who says otherwise is a fiol or a liar.
seaotter
(576 posts)(oil below $40)
me b zola
(19,053 posts)Cnn has been talking about how the candidates are talking about many subjects, but no one is speaking about the economy.
DustyJoe
(849 posts)China is in the toilet, countries that rely on their chinese credit cards are going to find their credit lines frozen. This will get ugly, fed is set to hike interest rates and inflation rearing its ugly head is a natural reaction to rate hikes.
rate hike, yeah right.
LanternWaste
(37,748 posts)What specifically leads you to believe the Fed is ready to raise rates?
KamaAina
(78,249 posts)CountAllVotes
(20,876 posts)and yes you are right things are going to get ugly.
KamaAina
(78,249 posts)There are others besides us?
LanternWaste
(37,748 posts)Up 170% since the 2009 low. No major corrections since then. Bull markets usually last for 55-65 months. Doubtful the Fed will raise rates on Sept 16, probably Dec 16 (it it's raised at all this year). So my guess is a 10% red correction over the next 30 days.
ileus
(15,396 posts)taught_me_patience
(5,477 posts)not posting on DU.
CountAllVotes
(20,876 posts)'tis legalized gambling after all. Zero guarantees.
SoCalDem
(103,856 posts)Suckers will stop putting in if they never pay out
clarice
(5,504 posts)companies afraid to re invest in themselves.....GDP way down...consumer reticence.... could be a while.
Moved my portfolio to cash.