What if it Snows?
Discussion in 'Questions From New Drivers' started by Dave_in_AZ, Mar 19, 2018.
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Oh shucky darn
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Yes, the Dow opened at 33,800 went up a smidge then dropped to 32185 (Good God almost a thousand Points- How will we ever Survive).
But, here is the rest of the story the PPT (Plunge Protection Team) stepped in, and it is back to a little above its opening price.
The price of AAPL dropped to 156 and it will more than likely will go down to 135 to become a super good value. AAPL does this (lose about 25% of value) about once every two years. Classic shake out for the uncommitted folks of the Cult that is Apple.LoSt_AgAiN, 4mer trucker, Rideandrepair and 3 others Thank this. -
Still part of a correction for an overheated market because the fed did not take action over the past year.
5 years ago the Dow was at 20k, The pandemic Panic dropped it back down to that March of 2020. Dow is up over 50% from either of those marks.
Throw some history at it:
The Average Return on the Dow Jones During Its Lifetime
My opinion, from history it looks like it should drop another 10% to not be over valued.
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My gramps taught me long ago, Heck he died long ago.
Stock investment is like betting in a casino. (Sports book feels more appropriate to me in today's time.)
Easiest way to look at the market is that guy selling you stuff is more a bookie than a broker.
Don't put any money on any betting table that you can't flush down the commode with no remorse.Last edited: Jan 24, 2022
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Well my age and diabetes is entering bifocal territory
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