So much for Dow 23,000 – Linkfest (Aug 1)

by Aaron Levitt | August 1, 2014 9:46 am

If you didn’t check your portfolio yesterday, you may not want log on now … you might give yourself a heart attack. That’s because the Dow Jones Industrial Average dropped a massive 300 points. That fall erased all the gains for the year, and the index is now sitting in the red. It was bound to happen — considering how much stock shave gone up buy in recent years. What should you do? According to Jeff Macke at Yahoo Finance, nothing — it’s just the way markets are supposed to work[1].

AlphaBaskets Blog (Roger Nusbaum): Seriously. Just relax. The Dow’s drop was normal[2].

The New York Times (Jeff Sommer): Analysts are still upbeat on stocks rising throughout the year. Dow 23,000 is back on[3]!

Kiplinger’s (Anne Kates Smith): But what if this something more sinister? How to survive a big big drop in stocks[4].

Afraid To Trade (Corey Rosenbloom): The real problem is that stocks and bonds are moving together[5].

FT Alphavile (Dan McCrum): The real answer — just buy a darn index fund. You’ll sleep better and make more money[6].

A Wealth of Common Sense (Ben Carlson): Or buy some emerging-market stocks. They have plenty of growth ahead[7].

The Wall Street Journal’s China Real Time (Staff): Except for China … which got a stern warning from the IMF[8].

Reuters (Abhirup Roy and Lehar Maan): GoPro (GPRO[9]) goes down in flames. Where are the earnings, Brosef[10]?

Exaimer.com (Shawn S. Lealos): Sharknado 2 is a tweeting tour de force. Here’s a collection of the best tweets[11].

Aaron Levitt is an investment journalist living in Ohio. With nearly two decades of experience, his work appears in several high-profile publications in both print and on the web. Also likes a good Reuben sandwich. Follow his picks and pans on Twitter at @AaronLevitt[12].

Endnotes:

  1. are supposed to work: http://finance.yahoo.com/news/wall-street-hammered--dow-closes-down-more-than-300-points-200439254.html
  2. The Dow’s drop was normal: http://alphabaskets.com/relax-the-world-is-not-ending/
  3. Dow 23,000 is back on: http://www.nytimes.com/2014/08/01/business/daily-stock-market-activity.html?_r=0
  4. How to survive a big big drop in stocks: http://www.kiplinger.com/article/investing/T052-C008-S002-how-to-survive-a-stock-market-correction.html
  5. moving together: http://blog.afraidtotrade.com/updating-the-creeping-correlation-in-stocks-and-bonds-spy-and-tlt/
  6. You’ll sleep better and make more money: http://ftalphaville.ft.com/2014/08/01/1914342/the-hare-gets-rich-while-you-dont-back-the-passive-tortoise/
  7. They have plenty of growth ahead: http://awealthofcommonsense.tumblr.com/post/93403179285/why-emerging-markets-have-more-room-to-run
  8. stern warning from the IMF: http://blogs.wsj.com/chinarealtime/2014/07/31/imf-warns-china-reform-or-see-your-growth-rate-plummet/
  9. GPRO: /stock-quotes/GPRO-stock-quote/
  10. Where are the earnings, Brosef: http://in.reuters.com/article/2014/07/31/gopro-results-idINL4N0Q689120140731
  11. Here’s a collection of the best tweets: http://www.examiner.com/list/the-best-tweets-from-sharknado-2-the-second-one
  12. @AaronLevitt: https://twitter.com/AaronLevitt

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