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Dow closes DOWN 550 points: CNBC

CrashCrash
edited 4:11PM in Other Investing
I don't even need to read this. If NVIDIA pulls so much weight and influence, is there any question anymore as to whether this tech (A.I.) bubble is real? I suppose that it's a good thing that a measure of air has been released from the bubble. Yet it happened just the other day, as well. I see things sputtering, choking. How do nations go broke? How do nations fail? How do Markets nosedive? "Very slowly, then all at once." We already know that the MAG7 are the ones carrying the rest of the "SP493" into profitable-looking statistics. Breadth is just not there. And the current regime thinks the fix for anything at all is more deregulation. LOL. I've just lately begun to geographically diversify in earnest. I wish I'd started sooner.
https://www.cnbc.com/2025/11/16/stock-market-today-live-updates.html

Comments

  • JD_co
    This is really just nothing until the "all at once" phase begins.
  • Old_JoeOld_Joe
    Once a dam break starts you don't fix it until a lot of water has run out.
  • hank
    edited 5:35PM
    JD_co said:

    This is really just nothing until the "all at once" phase begins.

    Good one. Another line from 1929 - originally a Hemingway character I believe.

    When’s the last time anybody referenced the old investment idiom about “blood in the streets”?
  • CrashCrash
    I watched a Lyn Alden YouTube presentation on why money and banks are broken. A rather predictable examination, and I could not argue with any of it. But his/her solution was to recommend crypto. Decentralized. Disconnected from the ways in which governments repeatedly devalue their own currency. Yikes. Just seems to me that the cure is worse than the disease. We must undercut the LEGITIMATE legal tender in order to be saved from it?

    Ya, we had to burn down Aachen in order to save it from itself.
    ...Further devastating attacks followed, including a major bombing on April 11, 1944, which resulted in 1,525 civilian deaths, and additional raids on May 25 and May 28, 1944, causing 198 and 167 deaths respectively.
    The destruction intensified during the Battle of Aachen in October 1944, when approximately 300 Allied planes dropped 62 tons of bombs on the city, followed by over 5,000 artillery rounds and an additional 100 tons of bombs over the next two days.
    By October 21, 1944, 65% of all dwellings in Aachen had been demolished after six weeks of relentless bombing, and the city was left 85% destroyed.
  • CrashCrash
    hank said:

    JD_co said:

    This is really just nothing until the "all at once" phase begins.

    Good one.

    Another line from 1929 - and originally from a Hemingway character I believe.
    You're right. From The Sun Also Rises.
  • DrVenture
    My biggest losers are concentrated in the energy sector FWIW. 5 out of the worst 8.
  • CrashCrash
    edited 7:46PM
    DrVenture said:

    My biggest losers are concentrated in the energy sector FWIW. 5 out of the worst 8.

    Over what period of time? My midstream holding today fell by -0.41%. Pay date for the quarterly dividend is in 2 more days. Let it fall, then I'll re-invest at a more advantageous price.
    Today reminds me of the manufactured volatility accomplished by the Orange regime with its stoopid, ill-informed, absurd and self-defeating economic policies. At least no one should try to say they're in the dark about any of this.
  • DrVenture
    edited 9:05PM
    Oh, I was only talking about today's drop. HAL, DVN, BKR, EPD & XOM were my biggest losers. Whenever I see energy stocks take it on the chin, I suspect worries about slowing growth to be the culprit.

    Meanwhile, my only stocks in the green were blue chips, like JNJ, WMT, RTX, AMGN, which only furthers the narrative in my mind.
  • hank
    I have the feeling it was worse under the surface than those large indexes indicate.
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