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770 Posts
World markets continue to spiral downward.
http://www.theguardian.com/business...-sell-off-deepens-as-panic-grips-markets-live
http://www.theguardian.com/business...-sell-off-deepens-as-panic-grips-markets-live
This will not be good for an Uber IPO......
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Another market collapse
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So Ron Paul is right.
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770 Posts
Hard to sell your stellar business when every other business is coming back to earth.
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2,786 Posts
They said 18-24 months anyway. They need to get the main legal hurdles out of the way first, else they have to lower the proposed value to offset the potential legal liability.
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770 Posts
The China Market just dropped 8.5 percent today. Japan Market down 4.5 percent. Hong Kong market down 4.65 percent........ Look out Dow!
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4,370 Posts
yep I've been watching the markets for quite a while. I've been reading this blog for about a year http://brucewilds.blogspot.com check it out
also relevant:
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also relevant:
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770 Posts
I will be busy moving assets in the morning, converting them back to cash before losing all gains. Half had already been moved to non-taxable ready cash. Will move some more and be ready to buy back in after the carnage settles down. I wonder how long the market will be down this time or if there will be a big rebound as governments step in to shore up trading?
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1,040 Posts
Looks like it's happening now!
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770 Posts
China did this. Greece started it and China is finishing it. If liquidity dries up, don't expect Uber to keep growing or people to keep riding except for essentials. Travel will be down, so there go the airport trips. Hope this think bounces back, but consumer confidence is a fickle partner. Uber IPO within 24 months? Not looking so good this morning.
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1,040 Posts
But the REAL problem for us is going to be all the new Uber drivers that come online after losing all their money in the market! Ugh! Oh well, maybe they will all drive UberSelect! Lol
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2,786 Posts
Donald Trump driving Uber.
This is going to be a bad crash that will last several years. So many things happening other than Greece and China. Bad energy policy has a lot to do with it. With Iran's Oil about to hit the world market, there is no way Saudi Arabia will allow oil prices to come up and allow them to build a Nuclear military with oil revenues. This is gonna be a bad one very similar if not worse than 1979.
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770 Posts
Final Dow today: Down 588 points, 3.57 percent. I slid my last stocks into long term government bonds. Kept some money market funds to be ready for future action. Wonder what Travis did?
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hired another escort as he does every day. he couldn't care less, he's being funded billions in venture capital and he's eating well while his partners burn.
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770 Posts
Look at Asian markets to get a feel for tomorrow:
http://www.investing.com/indices/asian-pacific-indices?majorIndices=on
Also factor Dow futures (off-hour trading):
http://www.investing.com/indices/indices-futures
http://www.investing.com/indices/asian-pacific-indices?majorIndices=on
Also factor Dow futures (off-hour trading):
http://www.investing.com/indices/indices-futures
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2,786 Posts
Tech stocks are getting hammered. Can't say I'm shedding any tears over China's situation. The high burn had to cool down eventually.
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