Would banks fail if the stock market crashes 90% or more? I'm trying to figure out if it's worth it to sell some stocks (10-25%) in order to buy non brokered CDs for protection against a market crash like 90%. But if the banks will go under then maybe the FDIC would dissolve as well.
I know it just seems like common sense to have a nice chunk in bank CDs. But if there's going to be the bank mess I mentioned then I could've had the extra dough to do the fun trading others are doing now. I'd probably dip into the CDs to trade short term anyway. I'm smelling a Catch 22 thing here somewhere.
Meh. Sounds a bit risky. If anything I would suspect even more of a drop before a bounce.Buy AAPL on the dip??
Geez, my wife is an idiot and a genius. She showed me the portfolio yesterday (I am generally hands off, let her do whatever she wants). She trades a lot of options and has done really well, but she also bought moviepass in June (because she liked the service when it first started) which has basically been wiped out. WTH. She is up 56% for the year, so hard to be mad.
She is up 56% for the year? Does she have a sister?
Oh and as far as Apple I just read this reuters headline: Apple cancels production boost for iPhone XR: Nikkei
Yeah, it's going to tank further....
Anyone have predictions as to how this week will proceed?
Still have plenty of earnings to report as well as election results Tuesday.
So now it's a Blue Bump? Not that I believe that. Instead I've heard like the rest of us that the big markets like gridlock. So I'm assuming that means gridlock helps prevent either side from enacting rash horrible financial laws that could damage Wall Street in a long lasting way. So maybe it's a Gridlock Bump.
I thought the market was going to go down, but apparently now its wants to go back up - way up!!
AAPL back to $210!
AMD back to $22!
TLRY back to $149!
TSLA $350!
AMZN up nearly 7%!
Holy smokes!!
You must have missed the thread where i explained that the market would rally bigly if the democrats won because unrestrained Trumps are bad for the market.
Are we sure it didn't go up because red won senate?? Either way, I want somethign different. Good idea to get into CD's yet or wait a bit longer? Highest I can find is 2.75 for 12 months. Really don't want to go much longer than that...maybe 18 months tops.
Probably would have gotten Tax Cuts 2 tho. So (short term anyway) the market is in the hands of the Fed. They're not expected to raise rates this time but they could.
Why would the stock market go up on an expected outcome of no change? Makes no sense. Rs have had the senate for years now. Forecast was for them to keep the senate and pick up seats, which is what happened.
It rallied because nobody was sure the Dems could overcome the gerrymandering and stop Trump from F-ing everything up even worse than he already has.
Are we sure it didn't go up because red won senate?? Either way, I want somethign different. Good idea to get into CD's yet or wait a bit longer? Highest I can find is 2.75 for 12 months. Really don't want to go much longer than that...maybe 18 months tops.
Tax cuts are cancelled out by Tariffs. Look at the market since they passed the tax plan. Worst performance in years.
Look at the market since they passed the tax plan. Worst performance in years.
Best performance in years.