Nothing was more predictable than the Dow dropping a 1,000 points.
- Thread starter soybean
- Start date
I think we’re in for a choppy few months. The market wants the good times to continue but consumers can’t support these prices
Yesterday was a typical "relief rally" that the Fed didn't go for .75 instead of the .50 we did receive. It is going to be interesting to watch the Fed try to do this all by themselves. Its easier to cut than to raise rates.
I'm just thankful I am not sniffing retirement yet. Hard see your stuff take a 20% hit from highs this year.
Shouldn't Biden be tweeting about the fed destroying the economy?
And vow to never get back into market. They take all the pain and won’t be around for the rally.
Everyone at some point in their retirement experiences a major pullback in the markets and a recession. We are still only in correction territory on this one. Well, except the Nasdaq, it is full blown bear market in tech right now.
Even after the bath today, isn't the Dow down less than 11% from its all-time high? If we have a number of days like today though, 20% is definitely in play.
I have one purchase that is down 20%. Oh well, dems the breaks. The upshot is when our 401k makes its purchases, it will be buying into a market that has already been hit.
I've watched my Unvested / Undistributed Value of my next set of RSU's that vest in mid-June go down $8,724 since AMZN hit it's all-time high in November. Pain lol.
I thought perhaps you were referring to the tech sector/NASDAQ which is down nearly 25% from its historical high. Regardless, there's nothing pretty about this correction, but most people were anticipating a pull back especially after the Fed voiced their intentions for the next year and a half. I wouldn't advise anyone to sell into this current trend, that seems a bit short sighted IMO.
