This headline says it all. Stock market news live updates: Stocks fall after rally, as traders digest Fed decision https://finance.yahoo.com/news/stock-market-news-live-updates-may-5-2022-221907800.html The key word is......."TRADERS". The market today is a traders market. All the DRAMA and turmoil of the past six months, the ignoring of earnings, etc, etc, is ALL short term trading driven. SO.......LOL.....I am happily IGNORING the markets today. Why not? I dont trade and I stay fully invested all the time for the long term.......so.....there is no reason for me to torture myself obsessing over the day to day insanity. The current day to day SCHIZOPHRENIC market action is IRRATIONAL. I am so happy that I avoid it all by refusing to participate in the short term idiocy.
Hey, it would be nice to experience ANOTHER market correction at some point, so may as well now. We had what, like two of them in the past 2 years already? The BIG one being the covid correction of early 2020… Let’s see how long this will last
I am guessing it lasts another 5-10% and another 2-7 months. I am also guessing that at the end of this quarter we are in a "technical recession"......not that it matters one way or another. it is normal for the economy to go up and down. Whether that recession will be reflected in the day to day economy on the local level.....who knows. This sort of short term MACRO ECONOMIC stuff is not really relevant to stock investors over the long term. People need to realize that......"long term"......does not mean 6 months.......it means 3-5 years MINIMUM.
This CRAZY stuff is one BIG reason why I decided to.......bite the bullet and spend a bunch of my own money....... create my own pension 7 years ago that is not dependent on the markets. It gives me peace from the daily DRAMA and TURMOIL.
Down over 4% And there goes that Mercedes SL550 out of the garage again I've seen volatility in the market , but this is a little extreme
Hey this is NOTHING… 2 years ago we were dropping 3-5 percentage points daily and the media was making it seem like the earth is falling only to capitalize back on the rebound. These ups and down are tame in comparison
Omg look at those DEALS today… I’m effin sooo tempted to get me some 50k worth of stocks right effin NOW!!
That is exactly what it reminds me of , but it's 2 years later................................................ I expected it then ............. BUT.... what are we doing 2 years later with the market is doing the same things , huge swings , BUT we are not in the same position , we are WAY better off , yes, everyone is finding out that the economy is NOT a light switch. I'm not worried , just completely puzzled at the volatility
Hey, pain is pain… the MOST pain you will absorb will always feel the same. You hit the nail… everything was FAR MORE darker back at covid days… and look how good we had it almost a whole year later. What is the market freaking about now?? It’s not a dot com bubble, it’s not a house market crash, it’s not covid… just extreme volatility over normal fear. Like W said.. I don’t see ourselves staying here for too long. Let the feds do their thing, I don’t care, there were too many freebies and soooo much stupid money running around. Honestly I think that even Musk’s latest twitter purchase is part of that problem. And I actually like the guy. People are STILL in “buy” mode. There’s no end I’m sight YET
I think the smartest thing now will be to get on an s&p index since it has gotten hammered bigly as well
I really like MGK , who else besides the biggest, best run, most forward thinking 105 companies in the world would you like to invest in ? BUT MGK Got hammered BIG today Ya, agreed, I could spend some $ on them too... round up my holdings in VOO VOOG SPY
Scraped together what I could find and put it all in VOOG. This is irrational behavior, and I thank the market for the deals.
Yeah looks like I missed out on a FUN close today. I finally got a chance to look at my account a few minutes ago. Today might......I dont keep track.........might, be among my worst dollar drops in one day. I consider today progress as we move toward normality some time in the future. Just a day that we had to get out of our system. Seems like there must be people now starting to feel the pain and starting to question themselves. I dont know any.....but I am sure the selling today does reflect some of that going on. We need to get to CAPITULATION.
Yes today.........guess what.....I was in the RED.......imagine that. I also got beat BIG TIME by the SP500 by 2.05%.
I do agree that right now would be a GREAT time to buy the SP500. After today it is (-12.99%). I think it is doing AMAZING actually to ONLY be down by about 13% after what we have seen this year. The strong record of the SP500 this year is reconfirming my long term plan to transition to the SP500 at some point in the future. I dont plan to do so any time soon......but will in perhaps 5-10 years or whenever I feel like age is impacting my ability or interest in holding individual stocks. The markets right now are extremely IRRATIONAL. I pin much of it on the total lack of national leadership and total lack of confidence in government.
