I think a 2% growth rate is baked in. We are now headed for 3.5% growth, even as much as a 5.4% growth as indicated by the first quarter numbers.
If the economy grows at 4% for an extended period of years, we have a lot more upside in this market. We are over-extended a bit now, but with a sustained 4%+ growth rate you better fasten your seat belt.
Looks like the slide is continuing today. Down 300 at start, then almost even, now as I type, down about 400. But who's looking? .
Looks like the slide is continuing today. Down 300 at start, then almost even, now as I type, down about 400. But who's looking? .
Hopefully this is not the crash we have all been expecting, but it sure feels like it.
When the DOW is as high as it's been I don't watch the numbers, I watch the percentages. And so far this slide isn't really that steep. Still have a ways to go even for a 10% correction.
Not worried a bit, the sooth sayers are telling us the market fundamentals are sound, dilly, dilly !
Also the check is in the mail. Dilly, Dilly !
I'll put my 5$ on Bitcoin to show in the 7th.
Outside of that, it looks like I am going to dollar cost avg. in some monies that were sitting in a stable value fund.
I
Dilly, Dilly!
Last month I spent less than the total of my SS and mini-pension deposits. And, I have plenty of cash too, so I'm not especially worried but might not feel this way if my circumstances were otherwise or if I had not already been through 2008-2009. I could be wrong (often am), but I don't recall having a week with this much volatility since that time.
Go and look at historical data for the Dow in October-November of 2008. You're right, in that we had a 30% correction in the Dow from the highest to the lowest recorded during that time, but it did take a while.
Will be interesting to see what happens between 2:30 and 3:30 or thereabouts. is that not when large institutional investors weigh in typically? be it either large buying or selling, or i suppose most typically a lot of churning of both
'Not worried a bit, the sooth sayers are telling us the market fundamentals are sound, dilly, dilly !
Also the check is in the mail. Dilly, Dilly !
I just looked.I'm just going to do nothing but post about it. As Looking4Ward said, it may not turn out to be that bad. I might be over-reacting. Trying not to be Chicken Little about this.
How can you all remain calm. Its down more than 10% today alone and off 60% from its all time high.
Why didn't someone warn me about bitcoin!