Down Day in the Market !

[REWahoo]

Quote:

Originally Posted by stephenson Anyone have issues with the Vanguard website this afternoon - starting about 3:30 I was no longer able to access it - at all. Looked its just bombed and would not come back up ...

I can't imagine why...

[Yarnstormer]

Quote:

Originally Posted by stephenson Anyone have issues with the Vanguard website this afternoon - starting about 3:30 I was no longer able to access it - at all. Looked its just bombed and would not come back up ...

Can't get on at all - funny because I forgot about the market til about 3:45 this afternoon! I wonder how much I've lost today... Maybe I'll go shopping tomorrow if the site is back up.

[stephenson]

Hmmm ... reason I am asking, is that I don't think it is reasonable any longer for financial sites to crash based on volume ...it is their business. I was using two other institutions sites and no issues at all - not even a slow down.

[NW-Bound]

I only have some small accounts at Vanguard, which I never used for trading. I was able to get into my other brokerages just fine.

I thought Vanguard account holders were the buy-and-hold type. Let's hope they were clamoring to log in to buy.

[NW-Bound]

Quote:

Originally Posted by jazz4cash Yeah, Bitcoin pricing in this market shows it's NOT an alternative to traditional markets as claimed by some enthusiasts.

It is, if one found a way to short bitcoin.

He would have made more money than what he lost in the stock market.

[NW-Bound]

Quote:

Originally Posted by GravitySucks Say it ain't so. I'd rather find some part time w**k then drink cheap beer.

In the other thread, you said you were going to turn the thermostat back down to 67 from 70. That should be enough for you to keep drinking good beer, oui? It also saves on the cost of refrigerating that beer.

[Lagniappe]

I had problems logging into Vanguard for about 5 minutes. Persisted, and got in just fine to buy VTI and VEU just before the close.

[GravitySucks]

Quote:

Originally Posted by NW-Bound In the other thread, you said you were going to turn the thermostat back down to 67 from 70. That should be enough for you to keep drinking good beer, oui? It also saves on the cost of refrigerating that beer.

[emoji39]

[jollystomper]

Quote:

Originally Posted by Chuckanut ' Dilly Dilly? Good Grief! Does that indicate this market correction means I can only afford Bud Light instead of the craft beer I now drink? Now that would be a big cut in my quality of life.

After a day like today, the words of Senator John Blutarsky (D-PA) may come to mind for some:

"My advice to you... is to start drinking heavily"

[socca]

Swagger - stagger - swagger - stagger - swagger - stagger - ...

The eternal dance continues. *Yawn*. Boring. The amorous ducks chasing each other out by the pond are more interesting ...

[Car-Guy]

Schwab.com was slow (not that bad) but I was still able to do some buying and selling today.

[NW-Bound]

People here know that there's no reason to panic. So far, the Dow is only knocked back, oh, to early Dec 2017. That's 2 months of gain reclaimed by the market.

Even if the market is knocked back 1 year, we are a cool group and would not panic, right? What's one year while we talk long term of 30 years of retirement, more for the young ERs?

That would mean the Dow at 20,000 instead of 24,346 at close today.

[audreyh1]

Quote:

Originally Posted by razztazz I have been out shoveling snow off and on all day. Aren't they supposed to halt trading at some point? I don't know what "The Rule" on that is. Erratic Behavior and hunky/chunky volatility often precedes Le Crache. Or maybe this is the necessary reset concomitant with that vertical pulse of the past several weeks

Didn’t drop enough to slow or halt trading.

[audreyh1]

Quote:

Originally Posted by stephenson Anyone have issues with the Vanguard website this afternoon - starting about 3:30 I was no longer able to access it - at all. Looked its just bombed and would not come back up ...

That’s very common on brokerage web sites when market volume is super high. Moral of the story - don’t expect to be able to get in last minute trades, or change existing trades.

[MRG]

Quote:

Originally Posted by stephenson hmmm ... Reason i am asking, is that i don't think it is reasonable any longer for financial sites to crash based on volume ...it is their business. I was using two other institutions sites and no issues at all - not even a slow down.

🤣

Are you using their brokerage or old MF system?

[NW-Bound]

Quote:

Originally Posted by socca Swagger - stagger - swagger - stagger - swagger - stagger - ... The eternal dance continues. *Yawn*. Boring. The amorous ducks chasing each other out by the pond are more interesting ...

I differ. This is a lot more exciting than the Superbowl yesterday which I did not watch. In fact, I have never watched any ball game in my life. Whether I do any trade or stand pat, it involves my money. My, and not somebody else's.

[W2R]

Quote:

Originally Posted by Another Reader The prices on the Highlander are insane but the RAV 4 is too small.

I wonder - - I need to look at the Rav4 more closely, I suppose. The Highlander costs more, which is not a problem for me, although I don't need three rows of seats.

Quote:

Originally Posted by Another Reader Honda has gone to a turbo motor on the CR-V on all the models except the base LX. Don't trust the longevity on the turbo. It looks like another 5 to 10 years for the Lexus for me...

I'm also looking at other manufacturers besides Toyota and Honda.

I actually like my 2009 Venza a lot, and it is a nice size and has all the features I want (and a billion that I don't want, unfortunately, but that seems common these days). So, I'm in no rush. At some point the time will seem right and then I'll go on some test drives.

[Clone]

Quote:

Originally Posted by NW-Bound People here know that there's no reason to panic. So far, the Dow is only knocked back, oh, to early Dec 2017.

This is the right way to look at it. The market has been on such a tear lately, that even though it seems like a significant drop, it is really just noise in the background. If the market is thinking about a correction, there is plenty of room downhill on this ski slope!

I wonder how the Fear of Missing Out folks are feeling this afternoon...

It is one thing to ride the sled down when you have ridden it to the top like most of us here. It must be somewhat frightening for the folks who just decided to get back into the market.

[NW-Bound]

I wonder if that big steep dip in the Dow to a 1,500 loss, followed by a quick rebound, was due to institutional investors having to liquidate to have cash for redemption.

Contrary to stock or ETF owners who can hold, if an MF manager sees that redemption orders keep piling in throughout the day, they have to liquidate enough to have cash on hand at market close. They do not have the option to not sell.

PS. I was talking about this dip here to below 24,000 at 3:10PM.

[W2R]

Wow, the Dow ended up down 1175 at closing, 24346. And yet it was 26617 on January 26th. Oh how the mighty have fallen, 2271 points since the high ten days ago. Amazing!

Back to wondering if it will break 25000 any time soon.