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Anyone else have that o' 2008 feeling?

ghostofposterspast 7,635 1,349 February 8, 2016 at 10:36 AM
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I sure do. I'm kind of numb to it all like I was then. Stocks are being halted on the US exchanges again. I think one has been halted 2-3 times so far today. Even Yelp got halted down 10%. If one or two major European banks crater, it could be another Lehman moment.

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#2
The best to compare will be the stock market in Aug./Sept. 2015. The 2008/2009 period was spanned for a long time, not a mere month.

I am hoping I know how low it can go so I can put more money in.
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#3
Nah. Not at this point. Watched my portfolio go down by 60% during that crash. Lived four blocks from Lehman Brothers, too.

Yes, it is no fun to watch the numbers go down but I have to stay focused on the long term.'

And for me, that means maximum allocations to retirement accounts, and growing the emergency fund.
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#4
Quote from teetee1 View Post :
The best to compare will be the stock market in Aug./Sept. 2015. The 2008/2009 period was spanned for a long time, not a mere month.

I am hoping I know how low it can go so I can put more money in.
Why do you think this is over? 2008 started with a day, then a week, then a month, then...... And all along there were people who kept saying it was overdone and wouldn't get any worse.
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#5


Uh oh, fear of Deutsche Bank total collapse is growing.
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#6
Quote from BuffTheo View Post :


Uh oh, fear of Deutsche Bank total collapse is growing.
Exactly. If DB and another big European bank goes.... Lehman.

Japan down 5% in overnight trade.
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#7
Eurobanks, like DB, down another 4-5% overnight. Our banks are following in their wake today.

DB's CDS are now trading close to the crysis levels from years ago.
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Last edited by ghostofposterspast February 9, 2016 at 09:07 AM
#8
it's a correction...history..just like looking back at history for interest rates.
match the interest rates to the market and it looks the same.

The banks have already been looked at since the 08 problem. You only need to worry about fraud
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#9
Quote from stufine View Post :
The banks have already been looked at since the 08 problem. You only need to worry about fraud
US banks have done that. European banks have not.
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#10
Quote from ghostofposterspast View Post :
US banks have done that. European banks have not.
true. they have a cushion, but they also didn't change that based on the 2008 crisis (where else would you get real numbers)

DB isn't going anywhere.

Europe's been at 0 economy like we have. Only way is up

Now if they do have any financial crashing of banks, it would be time to invest in some of those markets
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#11
I don't see it happening. There was a lot going on back in 2008. In any case I'm not worried at my age. Realistically I'm averaging way higher returns that I know is not sustainable when I retire in 25-30 years so I suspect some sort of correction and leveling out. If it did become like it was in 2008 I wonder how the housing market would be affected, especially in desirable locations. If it did crash it would suck to lose equity, but at the same time might be a perfect opportunity for a home upgrade/investment. Lately I'm more focused/fortunate of good health, family and new experiences/adventures.
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#12
Quote from ghostofposterspast View Post :
Why do you think this is over? 2008 started with a day, then a week, then a month, then...... And all along there were people who kept saying it was overdone and wouldn't get any worse.
The reason why this is 2008 has already been explained, but I just want to reiterate that there is nothing fundamentally wrong with the markets that will lead to a major sell off. With that said, markets can't go up constantly. There has to be pull backs to shake out the over-confident and to allow those with capital to feel there is enough potential to reinvest in the markets.
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#13
I hope so...this time I have a lot of cash to move into the market.

The real man runs toward a collapse while the girly man runs away.
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#14
Quote from macallik86 View Post :
The reason why this is 2008 has already been explained, but I just want to reiterate that there is nothing fundamentally wrong with the markets that will lead to a major sell off. With that said, markets can't go up constantly. There has to be pull backs to shake out the over-confident and to allow those with capital to feel there is enough potential to reinvest in the markets.
The fundamental thing wrong with the markets in 2008 was the subprime housing crisis. At least according to some, the Chinese Banking crisis is 5 times as large. As the recent tiny changes in the value of the Yuan have shown by sending shockwaves through the world markets, a large banking crisis in China would be a major earthquake. I would say that's something fundamentally wrong with the markets.

http://finance.yahoo.com/news/bas...13284.html

I hope none of this happens. I'm happy about the rare 3 day 1% run we've just had. I just hope it's not a temporary retracement in a downtrend.

Quote from FHRITP View Post :
The real man runs toward a collapse while the girly man runs away.
I've been doing that in oil for almost 2 years now. The girly man has been kicking my ass.
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Last edited by ghostofposterspast February 17, 2016 at 07:52 PM
#15
Quote from ghostofposterspast View Post :



I've been doing that in oil for almost 2 years now. The girly man has been kicking my ass.
I thought you knew better than to invest in single stocks. Stick with low fee index funds. Slow and steady wins the race my friend. Learn from your mistakes.
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