Today is not any better! We are still going the wrong way! I think W has the right idea, take a couple weeks off and revisit this dumpster fire later!
Yeah TireSmoke, it sure looks like it. Back when we entered the year a correction was not going to be unheard of for this year, since we have escaped it for a while. Of course, corrections are a normal part of investing as we all know, but then came along this little catalyst that we have been discussing. So, we are dealing with a bit of both at the same time. The media is gonna have a field day as usual. Although, the tariff deal has amplified this too. We can see the market doesn't like it. The economy, at some point will not either. This has been the case with tariffs/trade battles before....this is a bit different scale in my opinion. We are just gonna have to ride it out. I noticed yesterday they mentioned the RUT 2000 had entered bear market territory. I don't follow that index closely, so it could be right. Today they are mentioning the NASDAQ is on its way as well....I haven't checked that out either.
I was thinking this morning. If WXYZ comes back in a week or two and we are in a bear market....he is gonna never leave us in charge again.
Every group needs a good fall guy... I've been in corp. America long enough to learn this... and it's almost always the guy who's not there to defend themselves! So I can't believe @Emmit is letting this happen!!!!
Maybe it's just as well W is letting his backbone slide, instead of standing knee deep in backed up sewage like we are.
@tom, Maybe he knows something we don't since he got all his plumbing revamped last week! Sets himself up and bails on us! Just when I was starting to like the guy...
Ok we are just having some fun. On a serious note for a second. This type of thing is a good reminder to occasionally review your plan. Obviously, this should be done outside of the madness when you can think about it clearly and remove emotion. But it does bring up a good point to think about. We do talk about risk tolerance, need, and ability and all of those things pretty regularly. Everyone is different and at different points in life. The financial situation is always unique to you. It does not matter what everyone else is doing or might do. It is about your plan and how it fits your goals, lifestyle, retirement etc etc. No, we should not be thinking about it in the "thick of things." We need to evaluate this on a continual basis over our investing timeframe. The only good thing about rough times is that it can be a learning experience for you as an investor and how you manage your life long plan. It gives you some experience. I have met many folks who think they know this, but when the risk shows up....they really haven't been fully evaluating it as life goes on. You may be an investor that can carry a very aggressive portfolio. You may be one that is somewhere in between. Might even be on the conservative side. As an investor, you have to know this. Do not worry about what others do....make your own plan. It will make it far easier to stay on course when those storm clouds do show up.
The US Treasury Secretary's Scott Bessent's explanation: "For everyone who thinks these market declines are all based on the President's economic policies, I can tell you that this market decline started with the Chinese AI announcement of DeepSeek." (Yahoo Finance). Dumb? Delusional? Lying?, or all three. Surely, this guy doesn't really believe that.
The start of NVDA decline was certainly triggered by DeepSeek but at that point in time the market was looking for any reason it could find to stop forward progress. We were recovering from that when the Tariff fiasco started picking up steam. I'm going to give Trump 100% credit for our current state.
Yeah, the NVDA vs DeepSeek day was one thing. The broader market no way. Although, he went on to say it is a MAG 7 problem not a _ _ _ _ problem. I didn't put up the whole thing because it had more politics in it than I wanted to get into. Even if we thought or believe things in MAG 7 are richly valued, they didn't just magically fall off a cliff about the same time this policy came about. He is stretching for it and appears very shady with that type of reasoning.
W is out for one day and we let the wheels fall off! I guess like they say in business, Fail Early! I guess we have 13 days to paste this back together and save some face with our Sensei. NVDA is down just shy of 40%. That's a very large chunk of money. I read earlier today that retail is buying up the dip. May be worth looking into.
That's fair. I think a broader view is this game will mostly be over within a year. By then, the bulk or maybe all of the tariffs will be gone and the market will have recovered. What I'm saying is this won't hurt Long Term Investors (tm). It's a great buying opportunity for traders.
Hang in there everybody. It is not always smooth sailing. Somewhere out there will be calmer waters and brighter days. We will find it at some point.
And just like that, 1 year's gains wiped off the map for VOO. Almost there with NVDA. FFS. Absolute idiocy. And yes, it's Emmett's fault!
The thing that is so frustrating for all of us is that it is self inflicted. No way we would be at this level without some bad policy.
Indeed. All of this was completely predictable if one was being objective. So glad I am younger and do not have to transition into retirement mode with all this brain damage going on. Man do I wish I had some couch change right now. Fire sales everywhere!
Yeah, I am roughly 4 or so years from it. I have some options and can likely be flexible with it. It is a good reminder though for anyone to file this in their memory. That time will hopefully arrive for most investors and it is good to evaluate these experiences and give yourself plenty of runway to make those evaluations. The problem for a lot of folks is when the good times are going on, they soon forget about the other possibilities. It can be easy to dismiss. We all look back in hindsight and think how easy an event might have been forecast or how things turned out. We forget, that during the event, we truly did not now the outcome.
