Nikkei logs 2nd-largest drop in history on U.S. recession fears

Buying and selling stocks and shares is gambling. Anyone playing with this is going to get their fingers burned eventually.

That's only a still quite lovely prelude compared to when all or most of all their completely irrational AI bubbles burst altogether or in sequence.

Just wait for the everything dump. Coming soon. Hopefully you arent planning to retire next year.

That's only a still quite lovely prelude compared to when all or most of all their completely irrational AI bubbles burst altogether or in sequence.

100%

1$ should be 50¥, not 150...

Buying and selling stocks and shares is gambling. Anyone playing with this is going to get their fingers burned eventually.

Really?

The Nikkei is still up about 12% this year.

Long term nothing beats low cost index stocks.

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Mr KiplingToday  07:15 pm JST

Buying and selling stocks and shares is gambling. Anyone playing with this is going to get their fingers burned eventually.

Really?

The Nikkei is still up about 12% this year.

Long term nothing beats low cost index stocks.

My impression is that Mr Kippling talks about short term trading trying to time the market getting in and out but believes like you and all experienced investors that nothing beats buying and holding of low-cost index funds.

In my message above I wanted to write « My impression is that BertieWooster » not « My impression is that Mr Kipling »

s+p averages close to 10% a year over the last 30 years. Pretty smart gambling. If you are not investing, there is no way to keep up with inflation.

Buying and selling stocks and shares is gambling. Anyone playing with this is going to get their fingers burned eventually.

Perhaps in the Japanese stock market.

OTOH, I've made more money in the global stock markets than I ever earned working for a salary. I don't use a dart board. I use math and have a diversified portfolio of stocks. In the last 12 months, my investments are up 15.01%. In 2023, they were up just 19.52%. If you get a return of 15%/yr, your money will double every 5 yrs. Consistency matters.

Those returns include the money removed to live, so the actual rate of return is higher. Our stock investments have provided 100% of our income for over 15 yrs now and our networth is still growing even without any salary.

So, if you think stock investing is gambling, you are doing it wrong. I'm hardly a genius investor and spend less than 10 hours a month doing anything related to investing, usually less than 5 hours/month. There was a time in the early 1990s when I spent an hour a day on investments and learning how to invest.

If your currency is moving in the wrong direction, then having investments that don't use that currency would be smart. That should be obvious.

Buying and selling stocks and shares is gambling. Anyone playing with this is going to get their fingers burned eventually.

In gambling, the house always wins.

The stock market is different - if you keep yourself educated, follow trends, hedge your bets, and keep your holdings in a wide array of investments where some are secure, and some are high risk, one can make money off the stock market. Whereas with gambling, it's mostly a matter of luck.

So calling the stock market gambling is not an accurate analogy.

Those that hold gold would have slept easily last night…

162 to 146 for usd-yen in about 10 days. It's been wild. I suspect we'll be off to the races again first thing Monday morning after lots of NYC action. One move was 2 yen in about 10 minutes, the type of thing you see when there is big intervention. Somebody must have had a very large position.

Whatever is happening, one thing for certain is that there is way more to this than "U.S. recession fears". This is markets reacting to markets being overbought and oversold, not markets simply reflecting some objective truths in the real economy. To use that famous analogy, it looks like the tide is going out and now we are seeing who is wearing any pants.

For non-gambling investment, diversify, buy indices, and boring companies that make boring things people need and pay boring dividends to boring investors like pension funds.

DanteKHAug. 2 06:48 pm JST

1$ should be 50¥, not 150...

According to what logic...

Sven AsaiAug. 2 06:01 pm JST

That's only a still quite lovely prelude compared to when all or most of all their completely irrational AI bubbles burst altogether or in sequence.

I await your well reasoned assessment of what ai involved stocks are worth...

kohakuebisuToday 09:39 am JST

162 to 146 for usd-yen in about 10 days. It's been wild. I suspect we'll be off to the races again first thing Monday morning after lots of NYC action. One move was 2 yen in about 10 minutes, the type of thing you see when there is big intervention. Somebody must have had a very large position.

action of oyaji from LDP using our taxes hard