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Joined: Oct 2002
Posts: 13,362
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2002
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Joined: Aug 2009
Posts: 1,989
Campfire Regular
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Campfire Regular
Joined: Aug 2009
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Not exactly a nose dive! Just a speed bump.
lightman
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Joined: Jan 2004
Posts: 10,295
Campfire Outfitter
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Campfire Outfitter
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Black Cows Matter!
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Joined: Dec 2010
Posts: 14,408
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2010
Posts: 14,408 |
hardly. nosedive was march 2020
My diploma is a DD214
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Joined: Oct 2002
Posts: 13,362
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2002
Posts: 13,362 |
Pretty steep starting at 2pm.
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Joined: Feb 2010
Posts: 16,058
Campfire Ranger
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Campfire Ranger
Joined: Feb 2010
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A buying opportunity is what I’d call it. Inflation isn’t going to allow the market to collapse right now in my opinion.
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Joined: Dec 2009
Posts: 5,184
Campfire Tracker
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Campfire Tracker
Joined: Dec 2009
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Supply chain interruptions might.
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Joined: Sep 2021
Posts: 3,983
Campfire Tracker
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Campfire Tracker
Joined: Sep 2021
Posts: 3,983 |
I'm not selling. Then again I don't get all twitchy when the market drops 0.49%.
Si Vis Pacem, Para Bellum
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Joined: May 2011
Posts: 7,511
Campfire Outfitter
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Campfire Outfitter
Joined: May 2011
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Joined: Sep 2004
Posts: 17,381
Campfire Ranger
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Campfire Ranger
Joined: Sep 2004
Posts: 17,381 |
After the fed spoke up about further restricting the availability of money into the marketplace. THANK GOD I don't need any of the money in my retirement accounts until well after 45's second term (47). Pretty steep starting at 2pm.
“Live free or die. Death is not the worst of evils.” - General
John Stark.
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Joined: Mar 2010
Posts: 2,714
Campfire Regular
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Campfire Regular
Joined: Mar 2010
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I remember it dropping over 20% in one day in 1987.
That was a nose dive.
The dot.com meltdown over months was another.
Whenever someone says or thinks it cannot happen again, they’re wrong.
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Joined: Jun 2008
Posts: 18,461
Campfire Ranger
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Campfire Ranger
Joined: Jun 2008
Posts: 18,461 |
I remember it dropping over 20% in one day in 1987. That was a nose dive. The dot.com meltdown over months was another. Whenever someone says or thinks it cannot happen again, they’re wrong. It was way down in March of 2020 too. The above instances have all been really good buying opportunities. As will be the instances when it happens again.
Every day on this side of the ground is a win.
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Joined: Sep 2004
Posts: 29,383
Campfire Ranger
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Campfire Ranger
Joined: Sep 2004
Posts: 29,383 |
dropped a whopping 176.70 word of advice to the OP , don[t invest in stocks or mutual funds if your stomach is that weak.
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Joined: Oct 2002
Posts: 13,362
Campfire Outfitter
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OP
Campfire Outfitter
Joined: Oct 2002
Posts: 13,362 |
Well Glad it means nothing. I gamble on Women, Whiskey and motorcycles.
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Joined: Feb 2003
Posts: 10,354
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2003
Posts: 10,354 |
Money in big tech stock market
Up 20%/year compounded annually under Clinton, Bush 43, and Obama 1994-2016
Up 40%/ year compounded annually under Trump 2016-2020
Up 13%/ year compounded annually under Biden 2020-2021
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. -Ernest Hemingway
The man who makes no mistakes does not usually make anything.-- Edward John Phelps
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Joined: Sep 2018
Posts: 2,064
Campfire Regular
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Campfire Regular
Joined: Sep 2018
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So does this mean new cars will be selling below MSRP tomorrow?
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Joined: Mar 2005
Posts: 824
Campfire Regular
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Campfire Regular
Joined: Mar 2005
Posts: 824 |
Between the relentless issuance of new vaccine boosters, demand for gas, and demand for electricity especially as the new electric vehicles appear overnight in everyones driveway several sectors in the market will most likely keep a complete nosedive from happening....unless a new variant shuts things down. Just my opinion.
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Joined: Mar 2007
Posts: 24,366
Campfire Ranger
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Campfire Ranger
Joined: Mar 2007
Posts: 24,366 |
Dow closed down a whopping 0.49%
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Joined: Feb 2006
Posts: 2,517
Campfire Regular
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Campfire Regular
Joined: Feb 2006
Posts: 2,517 |
When Fed Reserve member Dr. Brainard stated there could be several hikes this year, stocks with nose-bleed valuations got whacked and accelerated their decline today.
Just down the road from The City of Lost Souls in the Land of the Blind.
Molɔ̀ːn Labé Skýla
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Joined: Jan 2003
Posts: 881
Campfire Regular
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Campfire Regular
Joined: Jan 2003
Posts: 881 |
Well Glad it means nothing. I gamble on Women, Whiskey and motorcycles. Well the first 2 give you headaches and the last will make you walk. 😅
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