August 5, 20241 yr Today is going to be interesting. Whether there is a late rally or not will be telling Dow futures drop 800 points, S&P futures lose 3% as global market sell-off intensifies
August 5, 20241 yr 6 minutes ago, DrPhilly said: Big boys are getting spanked One positive sign is I saw futures being down 1200 points right before the bell but it opened in the 800's. Currently down −942.51 however. We may end down only 400ish, I could see investors buying into the dip at the end of the day. But if it gets below 1,300 we are looking at a minimum of a high triple digit loss.
August 5, 20241 yr Author 5 minutes ago, paco said: One positive sign is I saw futures being down 1200 points right before the bell but it opened in the 800's. Currently down −942.51 however. We may end down only 400ish, I could see investors buying into the dip at the end of the day. But if it gets below 1,300 we are looking at a minimum of a high triple digit loss. So far it hasn't been a total washout but we need to get thru a couple hours in NY to be sure.
August 5, 20241 yr 37 minutes ago, we_gotta_believe said: Be fearful when others are greedy and greedy when others are fearful. I would if I could login to my Fing brokerage account!
August 5, 20241 yr 1 minute ago, we_gotta_believe said: Nobody insults the intelligence of their own voters more than the GOP. But just today though! Not yesterday, or next week. Just today.
August 5, 20241 yr 27 minutes ago, Kz! said: I love it when financially illiterate people make an attempt at financial wit. On January 20, 2021, the S&P 500 was at 3,788. As of 1:56 pm today, August 5th 2024, the S&P 500 is at 5,209. So in the last 3.5 years, the S&P 500 has gone up 37.5%, including today's "crash". So in other words, anyone who took Trump's financial advice and tried to time the market and sat on the sideline waiting for this "crash", would have missed out on 37.5% of gains in hopes of cashing in on a 2.5% loss.
August 5, 20241 yr 21 minutes ago, Phillyterp85 said: I love it when financially illiterate people make an attempt at financial wit. On January 20, 2021, the S&P 500 was at 3,788. As of 1:56 pm today, August 5th 2024, the S&P 500 is at 5,209. So in the last 3.5 years, the S&P 500 has gone up 37.5%, including today's "crash". So in other words, anyone who took Trump's financial advice and tried to time the market and sat on the sideline waiting for this "crash", would have missed out on 37.5% of gains in hopes of cashing in on a 2.5% loss.
August 5, 20241 yr I'm following the buy stocks low model of economics. Warren Buffett 101. Just made a contribution to my Roth IRA. The market will go back up. My understanding is, this is what the Fed was trying to achieve with raising interest rates, to slow job growth and reduce inflation. Job growth has gone down slightly thus we should expect an Interest Rate cut in the near future. I am not worried or panicked at all.
August 5, 20241 yr 2 hours ago, we_gotta_believe said: Nobody insults the intelligence of their own voters more than the GOP. Trump is probably the one who caused the sell off so he could say, See, I told you so. That's how he operates.
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