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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.It was up 900-something points yesterday, so easy come easy go?
I'm just thankful I am not sniffing retirement yet. Hard see your stuff take a 20% hit from highs this year.The Fed had to do it, and there is a rule written somewhere that the Dow must react.
Was it a half point? Hell, I thought it was only a quarter point.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.
And vow to never get back into market. They take all the pain and won’t be around for the rally.Really wonder how many average people panic and sell like crazy?
I'm just thankful I am not sniffing retirement yet. Hard see your stuff take a 20% hit from highs this year.
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'm just thankful I am not sniffing retirement yet. Hard see your stuff take a 20% hit from highs this year.
Was it a half point? Hell, I thought it was only a quarter point.
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.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 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.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.