OT - Dow plunges 1,175 - worst point decline in history

[sipmeister]

Originally Posted by Big Dan

People are getting screwed with the so called "gig" economy.
I mean making 3 bucks delivering Taco Bell orders won't get you far.
The first accident or car breakdown you are done.

I thought everybody wanted comfort and benefits? Can't get those with that kinda cash.

[Tony T]

Originally Posted by Burnette

Instead of quoting, how about I just post

Holy cow GE. If claims against GE are true, just wow and the numbers are staggering. $38 billion and possibly more.

And I still think the trade war and to a lesser extent, Brexit are what's stinging up the show. Square those two and we would be chugging along.

I saw part of the interview on CNBC. He "lost me" when he claimed that he didn't "blow the whistle" sooner because it was when GE moved from Stanford to his home of Boston that he took it personal. The guy looked shady to me.

[SoCalSteve]

[QUOTE=oldpotatoe;2580305]

Originally Posted by Ozz

Why not..??We probably are...add in YUGE turnouts...not a bad thing-yo!!

Ol spud, we don’t agree on many things, but on this we do! Maybe the worst will turn out to be the best, if you catch my drift...

[CunegoFan]

Originally Posted by Tony T

I saw part of the interview on CNBC. He "lost me" when he claimed that he didn't "blow the whistle" sooner because it was when GE moved from Stanford to his home of Boston that he took it personal. The guy looked shady to me.

Markopolos lost me with his documentary where he showed himself to be a paranoid loon who convinced himself he was about to be taken out by international hitmen from the European aristocracy who had invested with Madoff. It does not take listening to his ravings for long to realize why the SEC would dismiss anything coming from him.

[Burnette]

Originally Posted by Tony T

I saw part of the interview on CNBC. He "lost me" when he claimed that he didn't "blow the whistle" sooner because it was when GE moved from Stanford to his home of Boston that he took it personal. The guy looked shady to me.

I just read about it on a financial site but yeah, from what you posted it does sound odd.

And holy heck if he's wrong and/or lying. If I knew he was lying I would buy GE stock after another drop!

[pbarry]

Jmo, but GE has been a speculative buy for a while. Today’s press not withstanding, if you buy in you must know something and/or you are hoping for a big payoff if they get their act together, hopefully with just a single digit percentage of your portfolio. Iconic brands are tempting.

[Ken Robb]

Originally Posted by pbarry

Jmo, but GE has been a speculative buy for a while. Today’s press not withstanding, if you buy in you must know something and/or you are hoping for a big payoff if they get their act together, hopefully with just a single digit percentage of your portfolio. Iconic brands are tempting.

I remember when I was tempted by "bargain" prices for Kodak stock. I thought the decline in the stock was just a glitch caused by increased competition from Fuji. I thought no serious photographer would want to fool around with clunky digital cameras. Lucky for me I didn't buy any Kodak because I felt like maybe there was something going on that I didn't know about.

[oldpotatoe]

People are getting screwed with the so called "gig" economy.
I mean making 3 bucks delivering Taco Bell orders won't get you far.
The first accident or car breakdown you are done.

"There are lots of great jobs out there..in fact, my mom has 2 or 3 of them"

"Gig economy", great term and very accurate.

[Mzilliox]

here's a different (better) way to invest. and yes, i do this too, on 50 acres in southern Belize.
https://mymodernmet.com/sebastiao-sa...5TSBta3_baML2A

[makoti]

Originally Posted by Mzilliox

here's a different (better) way to invest. and yes, i do this too, on 50 acres in southern Belize.
https://mymodernmet.com/sebastiao-sa...5TSBta3_baML2A

You are reforesting 50 acres in Belize? That is so cool! Bravo!

[Burnette]

I should've bought that GE stock!

"You got the stock on sale yesterday for absolutely no basis. This is why all the insiders are buying," Heymann told CNBC on Friday, one day after GE shares tanked 11% to $8.01 per share, in their worst trading session in more than a decade.

GE stock on Friday regained most of the losses after the troubled conglomerate late Thursday revealed that CEO Larry Culp purchased nearly $2 million worth of shares. The purchase was made after Markopolos called the company "a bigger fraud than Enron."

https://www.google.com/amp/s/www.cnb...legations.html

[pbarry]

Or maybe Culp is playing this and wringing out the last drop with the buy/win move, [for himself]? There were a lot of stocks that made advances today.

[Mzilliox]

Originally Posted by makoti

You are reforesting 50 acres in Belize? That is so cool! Bravo!

Yes! We bought a property and are reforesting it with Cacao and native trees starting about 3 years ago. Im going to do the same locally here in oregon next, just looking for the right property.

[oldpotatoe]

Yeegads..the goat is loose..somebody take his hand held brain cell away..

Not gonna go toe to toe with a government controlled economy and win any kind of trade war, in spite of the guy in the big chair saying 'trade wars are easy to win'...

In the end China has time and will wait us out, an election is coming.

Yup...

[Burnette]

The move from China began in 2017 as companies tired of corruption, lose of property and a huge imbalance in trade. The draw of China is the shear amount of consumers, they sell more Buicks there than anywhere else. But a tipping point has been crossed.

I see it at my job, we almost lost a project two weeks ago due to this kerfuffle.

In the end China has time and will wait us out, an election is coming.

As a long term investor I know the bones of the market are good and we're still the best place in the world to park money. I'll come out of it financially alive.