[img]http://i2.cdn.turner.com/money/dam/assets/141013163038-fear-greed-index-zero-620xa.png[/img]
[quote]Columbus Day was anything but a holiday for investors.
U.S. stocks got creamed again. The Dow slid another 223 points.
CNNMoney's Fear & Greed Index is a good indicator of market momentum. Today it hit zero. That's a huge red flag and showcases extreme fear in the stock market.
The only other time the index ever touched that low point is in August 2011 -- shortly after Standard & Poor's downgraded the U.S. debt.
Volatility -- or what some are calling "market whiplash" -- is clearly back in the market. The VIX, an index that measures volatility and is one of the factors that goes into the Fear & Greed Index -- spiked again today. It's up a whopping 60% in the past week alone.
For most investors, what really matters is the bottom line. A month ago, the S&P 500 was up around 8% for the year. After a wave of sell-offs, including on Monday, the S&P 500 is only up 1.4%.
It's worse for the Dow, which is now down 1.5% for the year.
What's driving the latest market slide? Many thought today would be light trading and little action because of the holiday.
Ebola was the most obvious fear factor and the worst bout of selling came in the final hour of the market.
The airlines were hit hard -- Delta (DAL) dropped over 6% and Southwest (LUV)fell 5.5% -- on worries that vacationers and businesses will curtail travel until the virus is contained.
On the flip side, Lakeland Industries (LAKE), a maker of hazmat suits -- soared nearly 50%.[/quote]
[url]http://money.cnn.com/2014/10/13/investing/stocks-market-extreme-fear-columbus-day/index.html?iid=HP_LN[/url]
Welp, time to buy.
Stock markets seem to be like that all the time. Burst a paper bag behind investors and you could crash the market as well.
This is actually great news for me, I sold everything about a month ago, all cash right now :3
[QUOTE=SGTNAPALM;46225153]Welp, time to buy.[/QUOTE]
Uhh no. You wait until it fully crashes before you buy. Then you can get all the shares for the price of a few!
Maybe were in for another demonstration of why the stock market is a fucking moronic idea.
Wages and interest hasn't recovered from the last recession yet, give us a breather global economy!
Keeping my eye out on that new Fiat/Chrysler Stock
[QUOTE]On the flip side, Lakeland Industries (LAKE), a [B]maker of hazmat suits[/B] -- soared nearly 50%.[/QUOTE]
The "preppers" goin' nuts :v:
It's the ebola isn't it?
Edit: wow I was just joking, but I turned on the economic news today and all the reporters were going "Oh yeah that ebola thing is making all the people not want to fly and shit so all our stocks are going down." This is so stupid.
[QUOTE=AlbertWesker;46227657]It's the ebola isn't it?[/QUOTE]
uncertainty of ISIS and Russia
[QUOTE=SGTNAPALM;46225153]Welp, time to buy.[/QUOTE]
The next time I tell myself this (perhaps after this "crash"), I'm not going to be a pussy and actually buy. Last year I told myself to get some Tesla stock which would have had doubled my investment by today.
Still kicking myself.
[QUOTE=Code3Response;46227843]The next time I tell myself this (perhaps after this "crash"), I'm not going to be a pussy and actually buy. Last year I told myself to get some Tesla stock which would have had doubled my investment by today.
Still kicking myself.[/QUOTE]
Tesla has actually dropped considerably in the last week or so, along with SolarCity. Looks like the oil glut has investors worried about the short-term returns of renewable energy.
Its like when I'm doing good in school I really feel like I should be failing, the stock market is always paranoid its going to crash except when it does then investors run around with their hands out begging for handouts which they take while forgetting the course of action that brought them to this point
Short term profit shouldnt run the markets
[QUOTE=Sprockethead;46225315]Maybe were in for another demonstration of why the stock market is a fucking moronic idea.[/QUOTE]
The stock market isn't a moronic idea, speculation, especially speculation on borrowed money, is.
I like how the stock market's only emotions are fear and greed, that says a lot about economics.
[QUOTE=Stren;46229264]I like how the stock market's only emotions are fear and greed, that says a lot about economics.[/QUOTE]
What are you some kind of communist? Would you prefer north korea? Don't you love your country?
[sp]I agree with you entirely[/sp]
well said
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