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Started By
Message
re: Should we be worried that the stock market is tanking today?
Posted on 8/5/24 at 4:20 pm to Dadren
Posted on 8/5/24 at 4:20 pm to Dadren
quote:
It’s just a whole bunch of reactionary “traders” panicking. Do the opposite and you’re fine long term.
Warren Buffett isn’t a reactionary trader, and he is sitting on more than 200 billion in cash waiting for the right buying opportunity.
0
Posted on 8/5/24 at 4:53 pm to WildcatMike
my favorite part of today is when everyone tried to get on and sell this morning, and the daddy trading platforms, all at once, said ah...yeah, what account?
Posted on 8/5/24 at 5:58 pm to WildcatMike
Not if you know how it works
Posted on 8/5/24 at 6:01 pm to WildcatMike
Well, I'm completely out of stock market so nbd. However, I wanted to warn my kids last week to switch to lower risk and bonds but did not. I missed the last 2 big collapses as well by switching just at the right time. Lucky.
Posted on 8/5/24 at 6:06 pm to WildcatMike
I'm not worried
Posted on 8/5/24 at 6:14 pm to Tiger Dan 16
quote:
Correct --- this is another OT doomsday prediction by the far-right. who cares?
You forgot their mantra "every action deserves the wildest most extravagant overreaction"
Posted on 8/5/24 at 6:15 pm to WildcatMike
I was always told to look at it like a marathon, not a sprint. I'm just trying to work through this cramp. And I hope I don't poop my pants.
Posted on 8/5/24 at 6:38 pm to CR4090
I lost 20 grand today 
Posted on 8/5/24 at 7:05 pm to Bayou
I might have to crapped myself on that one. Hang in there.
Posted on 8/5/24 at 7:12 pm to Bayou
Not unless you liquidated everything. Here's to tomorrow being green!
Posted on 8/5/24 at 7:21 pm to WildcatMike
Well the S&P has for sometime now been trending way above actual corporate profits. No need to jump. There will be additional volatility.
Posted on 8/5/24 at 7:22 pm to WildcatMike
You planning to retire tomorrow?
If not, chill.
If not, chill.
Posted on 8/5/24 at 7:24 pm to Bestbank Tiger
Actually...2 months from now...not looking promising...and after all these years of work that truly pisses me off.
Posted on 8/5/24 at 7:30 pm to Tigahs24Seven
quote:
Actually...2 months from now...not looking promising...and after all these years of work that truly pisses me off.
Damn. Should have switched to CDs and short term bonds with the higher interest rates.
That said, the S&P rebounded from every crash this size 5 of the last 6 times and the 6th time it recovered within a year.
Posted on 8/5/24 at 7:41 pm to WildcatMike
Lookie here. Party time back?
zerohedge
@zerohedge
·
14m
*USD/JPY RISES 1.5% TO 146.36
*JAPAN'S TOPIX INDEX RISES 8.2% TO 2,410.24
*JAPAN'S NIKKEI INDEX RISES 8.1% TO 33,992.11
zerohedge
@zerohedge
·
14m
*USD/JPY RISES 1.5% TO 146.36
*JAPAN'S TOPIX INDEX RISES 8.2% TO 2,410.24
*JAPAN'S NIKKEI INDEX RISES 8.1% TO 33,992.11
Posted on 8/5/24 at 8:05 pm to Paul Allen
quote:
retirement or in my early to mid 60’s
That's me.
Posted on 8/6/24 at 11:18 am to Tigahs24Seven
quote:
Actually...2 months from now...not looking promising...and after all these years of work that truly pisses me off.
The SP500 is up 1.75% on the day, if the -5.21% downturn of the SP500 index over the last month (after hitting record highs, up 16.91% over the last year) has ruining your decade long retirement plan, I don't think you had much of a retirement anyway.
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