topic Re: The Dow in Community Chat

The Dow

Say Nay — Mon, 24 Aug 2015 12:18:20 GMT

Futures are down 660 pts this morning. I know this is a correction but... ouch!

Re: The Dow

Sweetbay magnolia — Mon, 24 Aug 2015 12:27:36 GMT

Time to buy.

But I am going to pull some capital. Tax free money I own may go into an IRA. If interest rates rise, that money will earn at a higher rate later on.

Not yet time to panic, IMO.

Re: The Dow

geezerette — Mon, 24 Aug 2015 12:51:05 GMT

Sure that sounds nasty, but at this point I think it's more useful to look at the percentage decline rather than the points. I remember when a 100 point drop was panic time. The Dow has been at record highs at several times over the last few years.

But we are overdo for a correction. One always hates to see your investments drop in value, but you also have to keep your eye out for good values at times like this. Buy low, sell high!

Re: The Dow

deepwaterdotter — Mon, 24 Aug 2015 13:31:30 GMT

@Sweetbay magnolia wrote:
Time to buy.

But I am going to pull some capital. Tax free money I own may go into an IRA. If interest rates rise, that money will earn at a higher rate later on.

Not yet time to panic, IMO.

Sounds like a plan. I might do this too.

Re: The Dow

Allegheny — Mon, 24 Aug 2015 13:38:27 GMT

Now down over 1000. Our financial advisor warned us about three weeks ago to rearrange our investments. Glad my husband heeded his advise.

Re: The Dow

esmeraldagooch — Mon, 24 Aug 2015 13:38:37 GMT

Tell China thank you for causing the bubble to pop. You can't mess with devaluing currency ( twice last week) and expect some trickle down.

Re: The Dow

Lila Belle — Mon, 24 Aug 2015 13:42:41 GMT

Oil is below $39/barrel !

Re: The Dow

MyGirlsMom — Mon, 24 Aug 2015 13:43:18 GMT

Tell China yourself.

The sky isn't falling although the price of oil is. yaaaaay

We're in a roller coaster ride for a few months. Right now as I type, the numbers are going up. .

Re: The Dow

brii — Mon, 24 Aug 2015 13:46:22 GMT

Just going to have to sit tight and ride it out.

There are some good bargains out there. Scoop them up while they're low.

Re: The Dow

geezerette — Mon, 24 Aug 2015 13:47:59 GMT

Often when we get these drops, Monday mornings crash--like now. Then, by afternoon, things have gotten so bad around the world that people are looking for a safe haven, which is normally the U.S., and our market starts back up. Which then triggers better feelings around the world and they gradually creep back up too.

All that said, man! Did we take a hit this morning so far! Sheesh!

Re: The Dow

occasionalrain — Mon, 24 Aug 2015 13:53:15 GMT

Good opportunity to buy. I don't expect interest rates to go up enough to make a difference.

Re: The Dow

geezerette — Mon, 24 Aug 2015 15:09:12 GMT

occasionalrain wrote:
Good opportunity to buy. I don't expect interest rates to go up enough to make a difference.

And with this market correction, it just gives the Fed another excuse not to raise interest rates.

Re: The Dow

Q4u — Mon, 24 Aug 2015 15:30:00 GMT

I was listening to a Financial Guy on the Floor talking about all this, HE put almost all his money in Bonds a little while ago.... I personally expected this to have happened a while ago but DH and I put our retirement (most of it) in bonds a while ago as well. We took a hit on some that we allowed to remain but that's part of the game.

I don't believe it's panic time either....

Re: The Dow

Burnsite — Mon, 24 Aug 2015 15:32:36 GMT

I will sit tight. Good time to buy! (Makes me nervous, though) Right now it's reversed direction about halfway--down 475.

Re: The Dow

occasionalrain — Mon, 24 Aug 2015 15:46:20 GMT

Bonds are earning less than 2% so not much better than a CD. The last time I checked ten year treasury bonds were at 2% and that could change, up or, more likely, down. I have Discover CDs at 2% for five years and that rate won't change.

Re: The Dow

Puzzle Piece — Mon, 24 Aug 2015 15:47:31 GMT

Smaug - I thought of starting a thread on this subject but with all the restrictions and sensitivity of the moderators, I didn't bother.

I think there will probably be more 'corrections' as stock markets round the world are taking hits.

Re: The Dow

Lipstickdiva — Mon, 24 Aug 2015 15:51:42 GMT

Oil is down but our gas prices aren't coming down. Amazing that the minute oil prices rise so does the price of gas but it never comes down as quickly. LOL

Our gas prices are still at $2.59 a gallon.

Re: The Dow

brii — Mon, 24 Aug 2015 15:54:41 GMT

Ours is just under $3 a gallon.

Re: The Dow

occasionalrain — Mon, 24 Aug 2015 15:57:37 GMT

Remember when grocery prices went up because of higher fuel costs, will they come down now that gas is down? Not a chance of that happening.

Re: The Dow

Lipstickdiva — Mon, 24 Aug 2015 15:59:44 GMT

@brii wrote:
Ours is just under $3 a gallon.

Just within the last couple of months, we were down to almost $2.00 a gallon. Then it started to go up. The week before last, it went up $.50 a gallon in one day because of something that happened in a refinery in Indiana. Then it slowly started to come back down.