Black Monday??

[Jim at Gentex]

Sadly any counterstrike against Iran would come from Israel only.

Biden / Harris won't do a damn thing but talk.

Israel knows that, and so does Iran. 

[gcode]

Biden / Harris won't do a damn thing but talk.

They are more concerned with the polls in the swing state of Michiganistan that they are the survival of the Israeli people.
I am not able to articulate how much I despise these people.

[Jim at Gentex]

Black Monday indeed.

I just worked up the courage to look at my 401k this morning.

As expected, we got it good and hard, to the tune of about 6.5% of my retirement fund. 

[Del.]

Black Monday indeed.

I just worked up the courage to look at my 401k this morning.

As expected, we got it good and hard, to the tune of about 6.5% of my retirement fund. 

I got out 2 years ago. Not making a whole lot but not losing anything.

[gcode]

As expected, we got it good and hard, to the tune of about 6.5% of my retirement funD

Mine was down about 5%.
I'd say it will come back, but a  Harris  Obama 3.0 Administration will not be a good thing for
the stock market.

[Del.]

Mine was down about 5%.
I'd say it will come back, but a  Harris  Obama 3.0 Administration will not be a good thing for
the stock market.

At your age why are you not protecting your money?

[gcode]

At your age why are you not protecting your money?

My 401K is in a reasonably age-appropriate model.
A co-worker, 5 years younger than me fancies himself a master trader.
He is in a highly aggressive custom model and has done pretty well over the years.
He got hit pretty hard Friday and Monday, down about 15%.

 

[Dan_AKA_ROY23]

He is in a highly aggressive custom model and has done pretty well over the years.
He got hit pretty hard Friday and Monday, down about 15%.

He's still ahead of the game.

For now...

Who knows where we go from here? Markets genuinely concerned about economic growth coming to a halt. Manufacturing index spooked us on Thursday and then the awful jobs report Friday. The rout was on but recovered a bit at Friday's close. Then...they had the weekend to mull things over and Monday was a crash part 2.

Rallying today, which is expected. The best rallies in stocks occur during bear market/correction type periods. But they fail time and again (until it doesn't). No way to know, forget trying to figure it out.

I've had a great 3 years. Stayed defensive (with zero Big Tech exposure) during 2022. Stayed away from bonds (rates were low but rising in 2022, which was bad for bonds). Then early 2023 I jumped in, loading up on tech AI related stocks. By years end, heavily leveraged. Then at start of 2024, got back to 'only' 100% in stocks. Throughout the months of 2024, I've been trimming. Scaling back. Started buying bond funds and diversifying some.

IF we have a couple rough months, utilities, real estate, bonds, maybe gold should outperform riskier assets.

Some ETFs I bought or am considering buying...

AGG, BIL, IEF, TLT (this one is volatile, bought a smaller portion), XLU, VNQ, XLV (healthcare), XLP. In theory, these 'should' hold up much better if the correction continues. Will it? Who knows. August and September are historically the worst two months of the year, but this is a presidential election year and the FED will start cutting rates.

BIL is a gem now (Bloomberg 1 to 3 month treasuries). Paying over 5% interest with theoritically zero risk. Once the FED starts cutting rates, BIL's payout will start to decrease. But, it should still paay around 4% interest throughout 2025.

[Incogneeto]

Worst day in two years?

https://www.msn.com/en-us/money/markets/wall-street-rallies-to-bounce-back-from-its-worst-day-in-nearly-2-years-as-japanese-stocks-soar/ar-AA1oi93Q?ocid=msedgntp&pc=U531&cvid=844dcf779c154cf494ca7a95750f16e4&ei=28

Well who was in charge then???

https://www.msn.com/en-us/money/markets/wall-street-dow-drops-1-000-points-s-p-500-sees-worst-day-in-nearly-2-years/ar-AA1ohSnl