re: Comparisons to 1987

I dunno, might have gotten you confused with someone else

I went through '87 sitting in front of a Bloomberg terminal.

Down 5%.

Then down 10%.

Then down 15%.

Then down 20%.

Closed down 22%.

You couldn't squeeze a pine straw up my butt.....

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Thanks. Has trading ended in Tokyo already Tuesday? The Nikkei hasn't changed in over an hour. Maybe it hit some trading circuit breakers??

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They break for lunch daily.

ETA: Down 5.9% Tuesday with 30 min left of trading

They are rallying then coming back from -6.8% earlier.

Eta: and DJ futures now down "only" 955 points.

Dow futures now on that rally train

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This timing is annoying for the house we're buying and full-renovation commencing. I don't like the uncertainty

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Get that loan closed before the fed hits you at credit card rates for a 60 year mortgage

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Get that loan closed before the fed hits you at credit card rates for a 60 year mortgage

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Construction loan is closing Friday. Won't close on permanent product until the project is done. In a good way, I can track and follow rates during the renovation...but I don't like being in limbo. And this volatility just creates more confusion.

#weriding



Dow futures want to #MAGA so bad

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I seriously doubt there will be another rate increase as long as the markets are roiled. There may even be some talk of a nudge downward, IMO

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Just to play devils advocate here, although market swings probably are considered by the fed in their data plots, it is not part of the criteria considered for raising rates.

So in saying that, we are finally hitting inflation targets and wage growth which is part of their criteria. I know you had some heavy involvement with the fed but do you really believe a market correction will make them change course from their original strategy?

What do some of you guys recommend as the best way to capitalize on this?