More carnage in the stock market on Monday?

Just dont pull your money out. Let it ride

Agree. Eventually it will return. In a previous thread (1-25-18) I declared that I was moving 25% of a stable value fund to the S & P 500 index fund within a 401K plan. In order to be forthcoming I moved an additional 75% the next day. The average "purchase" price was at 2830.2. As you know the overall market took a big hit last Friday. It has been said that the market rises like an escalator and drops like an elevator. Hang in there.

The only thing that will convince me is a decline in housing starts and that is not even been close. A tempory drop in dividends or a slight bump in interest rates by the Fed will not dissuade me either from believing that the economy is strong.

I’m kinda glad it is correcting a little. Can’t always go up.

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I chose a terrible time to play stock broker. Figures. Everything I’ve touched has turned to crap

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I had a friend tell me about a subreddit a couple of weeks ago called meme economy or something like that. Basically, the users 'buy' (I don't know how, but that's irrelevant) memes that are just starting to build popularity and then sell once the memes have peaked. The way to know that a meme has peaked, he said, was to see if it had reached a certain audience yet, like middle schoolers.

The trends of financial markets behave similarly. The peak occurs not long after the trend is so obvious to everyone that even the 'middle schoolers,' the shoeshine boys, and the bus people (as Mark Fisher likes to call them) are aware and have jumped in. Because once they jump in, there's no one else left for the trend to reach and push it further.

Now, I'm not saying that you're a middle schooler or a shoeshine boy or a bus person. Rather, I'm saying that the more obvious an opportunity is to you and everyone around you, the less you can profit from that opportunity. You want to be in an opportunity before CNBC and other media groups are covering it so the masses put money into your account. And you definitely want to be wary when seeing euphoria on this board, or worse, people making money on wallstreetbets.

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Middle schoolers have been using Apple products for years and their stock hasn’t peaked. Or did I totally misunderstand all that?

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Middle schoolers refers to the meme economy story. My friend said that a meme had peaked once it had caught on with middle schoolers. I don't know why they're the peak audience, but I'm not a 'meme economist' like he is.

So think of middle schoolers, shoeshine boys, and bus people as people late to the party.

I understand what you're getting at but when a company doubles its expected earnings and still drops 10%, there is still some bad juju associated for something that should have been a slam dunk.

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but when a company doubles its expected earnings and still drops 10%

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Did they reduce their profit or revenue outlook? What company are you referring to?

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KEM. This thing has sank like a rock

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There were two things that may have spooked investors in the CC. The first was the issue of capacity. Kemet was operating at capacity and couldn't meet demand. They said they were planning an additional $20m for capital expenditures to expand capacity. Some probably took that to mean competition issues as well. The second was regarding their margins. The CEO said they expected a small drop in margins in the next quarter, but to rebound after.

The above caused the sell-off. Today it's just tanking with everything else.