Is down another 500 points right now today and has dropped about 1000 points in a week. Market correction? My accounts have taken a hit.
Btw, don't turn this political.
Btw, don't turn this political.
Dow Jones Industrial Average
- Thread starter DFSNOLE
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Nope...strong job report for January driving fears of a interest rate increase...
https://www.usatoday.com/story/mone...ike-fears-after-strong-jobs-report/300350002/
https://www.usatoday.com/story/mone...ike-fears-after-strong-jobs-report/300350002/
Booming stock market isn't great for the mortgage origination business so a little correction of the stock market would be nice for me...though for now the economy being strong has helped offset it some since we're seeing more first time homebuyers....
well..better than Houston...it would have all floated away...
I don't know if it will reach official correction territory (10% drop). The 1000 point dip, while a nice pullback at this point, is a little less than 4% of a drop from where it started the week. After going parabolic in January every Index was a bit over extended and needed to come back to reality.
Apple sure isn't helping today as they are down quite a bit on earnings news...same with Exxon/Mobile.
Right now the main driving factor seems to be higher interest rates in the bond market. Couple that with another good employment report, and as mentioned previously, the FOMC is most likely going to raise rates sooner rather than later. This isn't typically good for stocks.
Apple sure isn't helping today as they are down quite a bit on earnings news...same with Exxon/Mobile.
Right now the main driving factor seems to be higher interest rates in the bond market. Couple that with another good employment report, and as mentioned previously, the FOMC is most likely going to raise rates sooner rather than later. This isn't typically good for stocks.
I've recently gone into ascot futures myself.
Solid. High fashion is impervious to economic swings. Just like yachts, luxury cars, etc. You should be fine with this investment.
Bought AMD stock at 10.98 on 1/2. Was on cloud 9 the other day after it got to 13.74 after good earnings. Down to 12.45 two days later. Still ahead, but the last two days hurt lol.
It has been an incredible ride up from the 2009 sub-prime low of 6600, but this kind of growth curve isn't sustainable. And if any of you have found someone who can accurately forecast the market, please give me their name. Warren Buffett doesn't even try, and he's done fairly well for his investors.
It's a combo of things, the good news is bad news, investors taking some profits, and just a minor correction, so far.
The world economy seems to be doing well as the talking heads all say, but there are clearly issues everywhere.
If you have cash on the sideline, might be a time to pick a few things, I wouldn't go all in, but investing over time, and dollar cost averaging has proven to be a good strategy.
People tho think they are so smart and think they know or can predict market lows and what the market is going to do are almost always wrong.
The world economy seems to be doing well as the talking heads all say, but there are clearly issues everywhere.
If you have cash on the sideline, might be a time to pick a few things, I wouldn't go all in, but investing over time, and dollar cost averaging has proven to be a good strategy.
People tho think they are so smart and think they know or can predict market lows and what the market is going to do are almost always wrong.
WSJ had a few positive articles this week about the improving markets overseas and buying international stocks. Not sure my "investment toe" wants to reach that far just yet but it's interesting.
I'm not terribly concerned at this point and if the market drifts down a little more I might buy some safe reliables suited for the mid to long term.
I'm not terribly concerned at this point and if the market drifts down a little more I might buy some safe reliables suited for the mid to long term.
I readjusted my 401k about a month ago and pulled it out of stocks. No offense, rooting for some more free falling.
Funny, just read an article yesterday about people raiding 401ks to pay for big vacations and home improvements.
Unless your in the business and the market is how you make your money; I have never understood why people freak out on a high or low. Always believed that you invest and leave it alone, make decisions on how aggressive you are based on age, just hire a good guy to manage your money and go make more money so you can invest more.
For those who are afraid of roller coasters and the big dives, close your eyes now.
Read an article saying most of selling is boomers bailing while they can, margin buyers freaking out and people who bought Bitcoin on margin now selling stocks to cover debts.
Above are historical S&P 500 Price/Earnings Ratio chart and the Shiller Price/Earnings chart.
While I don't recommend a hysterical sell off of your portfolio this afternoon (or ever), but now is a great time to reevaluate some of your holdings because this bubble is BUBBLY.
I was just about to enter into the business school at FSU as a Finance major when Black Monday hit. It was going to be the "end" of days and the beginning of the next great depression. The industry was going to be flooded with recently laid off employees and anyone coming out of college would not stand a chance to be hired in this industry. Like a damn fool I listened and changed my major.
They sort of missed the call on that one lol.
They sort of missed the call on that one lol.
Trying to time the market is a fool's errand. I know because a wise old Turk told me.
If you don't have at least a five year investment horizon, you need to have your money in something other than stocks.
If you know how stock prices can swing around, wildly at times, and just like the rush of day trading, knock yourself out.
If you don't have at least a five year investment horizon, you need to have your money in something other than stocks.
If you know how stock prices can swing around, wildly at times, and just like the rush of day trading, knock yourself out.
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