Dow drops another 500 points. USA markets rattled this year big time

[Globalcitizen12]

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it seems we are head for another stock market meltdown. My portfolio is down a good bit. I am trying to stay above water but my boat is taking more water. No reprieve in sight bad news all around us. China is going through a mini depression. Europe is in a coma. Africa growth is slowing down. American wages have stagnated for a decade. Consumer spending is at all time low in USA. Housing market is still recovering. Political uncertainty is looming especially now that polls are showing Trump to be a serious contender and Hillary likely to be next president.

[Georgesoros]

Adjustment has to take place, to reflect a sagging Chinese economy and change in interest rates.
I heard one economist say that the stock market is not the economy and vice versa.
BTW, are Kenyan consumers benefiting from low oil prices or the govt will raise taxes again to cover the difference? This way MPIGS get their loot at the expense of the common guy.

[RV Pundit]

I never will ever invest in any stock market; it just doesn't make a sense; very little difference with betting that this team will win; it impossible to predict the future.

[Empedocles]

it seems we are head for another stock market meltdown. My portfolio is down a good bit. I am trying to stay above water but my boat is taking more water. No reprieve in sight bad news all around us. China is going through a mini depression. Europe is in a coma. Africa growth is slowing down. American wages have stagnated for a decade. Consumer spending is at all time low in USA. Housing market is still recovering. Political uncertainty is looming especially now that polls are showing Trump to be a serious contender and Hillary likely to be next president.

Interestingly enough, the bad-boy of global banking, Bitcoin, seems to performing quite well recently, barring a slight hiccup last week. Almost 11% up during the last 24h, up over 52% since September last year.

Caution: very volatile investment vehicle.

[Georgesoros]

Do not invest in the stock market unless you know what you're doing and be ready to lose everything. Lots of Chinese have finally found out and are disappearing or committing suicide.

[Globalcitizen12]

Pundit,
I disagree. I usually invest $4,000 each year in NSE as my retirement fund to supplement social security fund. I am expecting to have $400K if I continue invest this money for the next 35 years before I turn 67 years. I am projecting a modest return of 9 percent which is not bad