OT - Dow plunges 1,175 - worst point decline in history

[C40_guy]

Originally Posted by Louis

More importantly, where will it be 2 years from now?

Speaking as an economist...

It depends.

[reuben]

Originally Posted by C40_guy

Speaking as an economist...

It depends.

It could crash like the vintage steel market, or could form another bubble (you'll know when your cab driver starts wearing aero socks).

[NYCfixie]

It's a Bubble. Unless one needs the money now, just ride it out and do nothing.
Same as during the tech bubble, financial crisis, pandemic, etc. You will be better off on the other side if you have the stomach to take the ride.


For those old enough to remember, include the 1980s savings and loan crisis, 1987 crash, early 1990s "mild recession".
Or how about the 1970s Gas crisis...the markets/economy/etc. are cyclical.

And no, I am not an economist or professional investment adviser so take this advice at your own risk. I am just a humble "buy and hold" investor for 30+ years.

[C40_guy]

Originally Posted by NYCfixie

It's a Bubble. Unless one needs the money now, just ride it out and do nothing.
Same as during the tech bubble, financial crisis, pandemic, etc. You will be better off on the other side if you have the stomach to take the ride.

If you truly think it's a bubble, one strategy would be to harvest some profits and put them aside for when the bubble bursts. Then you can buy back in at a much lower price.

That having been said...I'm all in right now.

[NYCfixie]

Originally Posted by C40_guy

If you truly think it's a bubble, one strategy would be to harvest some profits and put them aside for when the bubble bursts. Then you can buy back in at a much lower price.

That having been said...I'm all in right now.

Me too.

I have never tried to time the market and I am not going to start now...

[MikeD]

I think real estate is in a bubble. Can't wait till that pops and hopefully they cut investors out from purchasing single family homes. That should help drop prices since 25% of all single family homes is bought by these guys. Middle class families can't compete. Nobody except rich SOBs can afford a home right now. Even the rent is too high.

[azrider]

Gonna be bumpy today..........

[makoti]

Originally Posted by azrider

Gonna be bumpy today..........

This might be a good week t look the other way

[bigbill]

It will be interesting to see if the fed does an emergency rate cut. We want to sell and buy a house in the next ten months.

[buddybikes]

Tech company workers better be watching behind them. Intel chopping 15% bet others follow suit.

I just may be put into retirement status

[ridethecliche]

Originally Posted by azrider

Gonna be bumpy today..........

After buying a bunch of VTI within earshot of the all time high... I just bought a bunch more the last couple of days.

I'm still 30 years or so away from retirement so do some day trading here and there and wasn't paying enough attention this morning... would have been a good morning to buy and sell NVDA between pre-open and any other time this morning. Yeesh.

Originally Posted by buddybikes

Tech company workers better be watching behind them. Intel chopping 15% bet others follow suit.

I just may be put into retirement status

I hope that works out for you whichever direction it may take.

[buddybikes]

Originally Posted by ridethecliche

I hope that works out for you whichever direction it may take.

I am post 65 so we'll manage ok, perhaps buying more Panaracer and less RH :-)

[prototoast]

Originally Posted by ridethecliche

After buying a bunch of VTI within earshot of the all time high... I just bought a bunch more the last couple of days.

I'm still 30 years or so away from retirement so do some day trading here and there and wasn't paying enough attention this morning... would have been a good morning to buy and sell NVDA between pre-open and any other time this morning. Yeesh.



I hope that works out for you whichever direction it may take.

Sounds like it's a good day for you to do some tax loss harvesting!

[likebikes]

earlier i was wondering if the djia would break the worst point decline in history today

[redir]

All because of a dumb jobs report.