Wednesdays pop to the upside began to late for me to react, not sure if I would have pulled out anyway but there ended up being some small gains I could have swept in if I chose that direction.
After yesterday I was not expecting much for today, but the roller coaster continues. Futures look rocky.
The Dow and S&P hovering around correction territory while the NASDAQ is bearish.
Like many on here my thoughts are that we are in a downward trend for the foreseeable future (maybe another 10%-20%), with some hit and run buying opportunities.
In Dog Beers I've only had two.
I don't think anyone saw this coming.
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.
In Dog Beers I've only had two.
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.
In Dog Beers I've only had two.
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.
In Dog Beers I've only had two.
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.
In Dog Beers I've only had two.
The S&P 500 Could Fall Another 28% (msn.com)
And they say there is no good news out there
In Dog Beers I've only had two.
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.
In Dog Beers I've only had two.
I've managed to not watch the market yesterday and today. Honestly I feel better for it.
In Dog Beers I've only had two.
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