http://www.marketwatch.com/story/dow-5000-yes-it-could-happen-2015-08-21I 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?
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! LolChina 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.
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.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?
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.Look at Asian markets to get a feel for tomorrow:
Also factor Dow futures (off-hour trading):