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Comment by fleventynine | Hacker News Reader

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fleventynine·

It's still above where it was a few weeks ago. I don't see why this is news.

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It's the momentum, inertia, that is worrisome.

Bubble running out of steam.

Many people trade more than once every few weeks

They shouldn't. Day trading is a plague.

Everybody is doing some form of rebalancing now. Major institutions have lower trading fees and do this more frequently.

I'm curious about a system where capital gains are 100% for the first... I don't know, let's say a month. Then you ramp down over the course of the next year until it matches the regular income tax rate. I'm less concerned about the specific time periods than I am about the idea that it would be beneficial to society to have our financial systems encourage long-term thinking.

In my tax jurisdiction, Capital Gains is a way lower percentage than Income Tax.

Publicly traded companies are a plague. Have you seen the damage they inflict on the poor?

The damage done to the poor are the roadblocks that prevent them from investing in them. Having to have a minimum income to open an IRA, etc.

It's just a correction. Unless it isn't, in which case it might be a massive bubble bursting, followed by recession or even depression.

Everyone wants to know, so it's always news. Even though it usually isn't.

Exactly, the headline sort of paradoxically reflects the desire for news, and not news itself.

But still, the actual stock market behavior right now is PROBABLY (!!) more reflective of random motion than it is of a fundamental shift in investor behavior.

Unless it isn't.

I don't think NASDAQ is technically in correction territory yet; I believe that would mean it's down 10% from its high

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