Market correction now?
Housing has been slow in the last two months. Now with not-so-good Netflix earning last week, ok Google and terrible Facebook earnings this week, will the correction happen soon? If yes how far is the housing price correction lagging behind bad earnings?
Sell everything. Panic.
Yeah, I plan to do it tomorrow. Damn you, fb!
The housing market always seems to lag the stock market. If you look at the stock market low last time around, it was March 2009, but for housing it was sometime in early 2011. Of course, no two recessions are the same, so I would think that once stocks go down, and revenues go down, and people start getting laid off, add another year for the house in correction to start and maybe six months from there to bottom out. So I would say all in all, one year for the housing market to bottom out from when the stock market bottoms out.
Dude, you are relating what to what man! Amazon’s earnings is tomorrow. If they report awesome earnings, then what, does it mean the house market will surge again? Your post sounds more like wishful thinking for me.. Save up your money and wait. That’s all we can do.
Amazon may have a terrible quarter too.
Since when Facebook and Netflix became recession indicator?
Almost 200 billions market cap have just evaporated from the two. Where do you thing it go? Banks, institutions will have a lower profit because of this. Then they lose market cap too. 200 is nothing to the whole economy, but it could be the start.
FYI: 1. Revenue up/down is part of business cycle. 2. These inflated stocks caused 60-70% gain in S&P since last year so this was bound to happen. 3. Still there are undervalued securities in the market which you can find in the market other than big tech. 4. If you remove top 7-8 tech companies with inflated multiples, market is still fairly valued compared to US GDP.
It's okay. Microsoft is doing fine.
You think people here have the ability to predict the future?
No, but they do it all the time anyway.
Google is still the big dog at least in terms of employees. Netflix isnt big enough to move the market.
Run Run Run!!!
Stop worrying about it
Is that what zuck is telling you?
I’m not at fb anymore. I’m saying stop worrying about predicting market corrections