Thread: WorkFE's Account Talk

Originally Posted by WorkFE

we are in a downward trend for the foreseeable future (maybe another 10%-20%)

For the record, I did not mean all of that downtrend in a single day.

I don't think anyone saw this coming.

Originally Posted by WorkFE

For the record, I did not mean all of that downtrend in a single day.

Yep it really sucked. The first three trading days gave us a little hope. Today took it all back and then some.

The DOW is down roughly 12% with the S&P about 15%
The NASDAQ is well on its way to 30%.

Sorry, from their respective highs.

Its been awhile since we've seen a string of down days this bad.

I wish I had some comfort food for ya, but I got nuttin.

For the last ten plus years we've all been told, DON'T FIGHT THE FED. Those that listened made money.

There is no difference today. QE ending, QT rising etc. etc. etc.
Rebalance and DON'T FIGHT THE FED.

Agreed 100%. Like Boghie has stated "for those on the watch this too shall pass..........Might be three years. Or, it could be sooner if confidence is restored........"

Just look at him...... He's so proud of himself..... LOL
ND1.jpg

Ain't no stoppin' us now
We're on the move!
Ain't no stoppin us now!
We've got the groove!
There's been so many things thats propped us up.
But now it looks like things are finally comin' Down.
I know we've got, a long long way to go, and where we'll end up, i don't know.

The S&P 500 Could Fall Another 28% (msn.com)

And they say there is no good news out there

You don't get many days uglier than yesterday. That was painful to watch.
Very few were spared. I took a beating, again, in the retail sector.

On the brighter side, this is not new territory. We've seen this before and most, who did not panic, made money off of it.
Most recently we experienced this in 2000-2002 again famously in 2007-2009 and just 2 years ago in 2020. There were other ones along the way but they were not associated with the "R" word
I do not remember the depth of those retreats off the top of my head but it probably averaged in the 40-50% area. If we somehow avoid the "R" then we are at or near the bottom. Unfortunately I do not believe we will avoid the "R" which means we most likely have only seen about half of this retreat. Most of the comments I've seen on here show folks have moved most, if not all, of there funds to the Garage. Keep it dry, be patient and nimble.
Good luck all, we are playing the long game now.

I've managed to not watch the market yesterday and today. Honestly I feel better for it.