D

Dude#1279435

Audioholic Warlord
The market rose sharply yesterday. According to Trump his reasoning.


>>>Trump later told reporters that he pulled back on many global tariffs — but not on China — because people were “yippy” and “afraid” due to the stock market declines. He added that while he expected to reach deals, “nothing’s over yet.”<<<

I kind of figured he'd say there was a different reason.;)
 
GO-NAD!

GO-NAD!

Audioholic Warlord
Every time it has crashed, corrected or whatever, it came back.
Bear in mind, after the 1929 stock market crash, it took 25 years for the Dow to get back to its pre-crash level. If you were just starting to invest after the crash, you'd be OK. But, if you were about to retire at that time and you had significant investments in stocks, you'd be in a world of hurt. Many of the reforms enacted after the crash have since fallen by the wayside.
 
Mikado463

Mikado463

Audioholic Spartan
My expiration day is on the horizon.
time to buy an extended warranty ;)

Have 3 grandsons to think about.
I'm in the same boat, thankfully their father(my son) and daughter in-law have done a superb and responsible job

As for the market, it goes up, it goes down. As Warren Buffet once said, 'I buy companies, not markets', perhaps now though we all need to tighten our seat belts a wee bit ............
 
D

Dude#1279435

Audioholic Warlord
To shorten his quote Trump said, People are getting yippy, unlike these champions. Referring to I believe the suits standing behind him.

1744356969596.png
 
R

rnatalli

Audioholic Ninja
Someone close to retirement should not be significantly invested into stocks. With this crash, I’ve been nibbling with the S&P close to 5,000.
 
T

trochetier

Full Audioholic
Someone close to retirement should not be significantly invested into stocks. With this crash, I’ve been nibbling with the S&P close to 5,000.
That's the conventional opinion of Financial advisers. How much stock/ETF to own depends upon risk tolerance.
I bought 2x leveraged ETF on their way down more it went down more I bought (dollar cost average down). The recent uptick which I think may be a dead cat bounce, I am positive but barely on my 2X ETF.
 
Out-Of-Phase

Out-Of-Phase

Audioholic Field Marshall
It's a train wreck. Every single day I can't bare to look. Sell off, sell off, sell off.
 
mtrycrafts

mtrycrafts

Seriously, I have no life.
I am wondering if he is doing all this so he and friends can play the markets for huge gains.
 
Out-Of-Phase

Out-Of-Phase

Audioholic Field Marshall
I'm going to be working until I'm 80 because of this. That guy may be 'ripping' Powell as the press says, but he's ripping my 401k.
 
Out-Of-Phase

Out-Of-Phase

Audioholic Field Marshall
"The Dow jumps 1,000 points Tuesday to snap four-day string of losses...."

Whoa. He must of heard me crying over the losses yesterday.
 
T

trochetier

Full Audioholic
"The Dow jumps 1,000 points Tuesday to snap four-day string of losses...."

Whoa. He must of heard me crying over the losses yesterday.
IMO it is another dead cat bounce. The jump is only because Bessent said the trade war with China is unsustainable, and Trump did not bash Powell today. It is not because the issue is/is being resolved. It is traders market now.
 
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