Dow losing almost -1000 Friday .. when will it end? Do we get a V recovery?

The Fed guy used to be constantly under threat of getting fired (even though it might not be lawful) for not cutting rate.

Now, he's being called names for not raising rate soon enough.

Damn, you cannot please everybody, but what is new?
 
REWahoo said:
I sense some of the same symptoms of growing despair we saw on the forum in 2008. "This time is different", "run for your lives", and sentiments of doom & gloom.

Time to post this once again and ask the question, "Where are we?"
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:dance: :D Need to get a grip on my 'male hormones'!! Put in some 'mad money' buy limit orders - out of my shopping for a new/used tractor stash. Note that my target retirement fund(real money) is 70/30 bonds/stock so less wiggle than 2008 (same fund).

Soo - spring is here, not football season and mad money leftover from covid lockdown.

Wheee !!

Heh heh heh - I need this forum to calm me down and stay the course. :cool:
 
unclemick said:
:dance: :D Need to get a grip on my 'male hormones'!! Put in some 'mad money' buy limit orders - out of my shopping for a new/used tractor stash. Note that my target retirement fund(real money) is 70/30 bonds/stock so less wiggle than 2008 (same fund).

Soo - spring is here, not football season and mad money leftover from covid lockdown.

Wheee !!

Heh heh heh - I need this forum to calm me down and stay the course. :cool:
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Absolutely! Our instincts all scream "SELL!" but staying the course works better for me. I think in 2008-2009 I stayed the course because I was frozen in terror! :LOL: But it worked. Then in early 2009 I did spend a small amount of cash on more bond funds but never sold anything. Came out of 2009 way ahead of where I was going into 2008.

Glad your target retirement fund is still in place and working out well for you.

Right now I haven't had to sell any equity funds at all for several years, due to no mortgage or other debt to pay off. I have income from SS, mini-pension, and small RMD's from my TSP "G Fund" (bond fund). Life is pretty good. :D
 
W2R said:
Right now I haven't had to sell any equity funds at all for several years, due to no mortgage or other debt to pay off. I have income from SS, mini-pension, and small RMD's from my TSP "G Fund" (bond fund). Life is pretty good. :D
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… and that’s just where you wanna be. :)
 
steelyman said:
W2R said:
Right now I haven't had to sell any equity funds at all for several years, due to no mortgage or other debt to pay off. I have income from SS, mini-pension, and small RMD's from my TSP "G Fund" (bond fund). Life is pretty good. :D
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… and that’s just where you wanna be. :)
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Thanks - - that's what I think, too! It hasn't always been that way, but I'm sure glad it is now.
 
At times like these I do not look at my paper losses, I look at what I have compared to when I retired. I am still way ahead on that count. I still have benefit of a good pension and DW's SS for cash coming in. So I will do nothing (ok, maybe a little "bottom fishing" for fun), deal with inflation as best I can (which still has us leving very comfortably) and be patient.
 
I bought a chunk of VTI today. This is part of a long-term portfolio, not funds needed in retirement, so I have time on my side.
 
jollystomper said:
At times like these I do not look at my paper losses, I look at what I have compared to when I retired. I am still way ahead on that count. I still have benefit of a good pension and DW's SS for cash coming in. So I will do nothing (ok, maybe a little "bottom fishing" for fun), deal with inflation as best I can (which still has us leving very comfortably) and be patient.
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I like that way of looking at things! Today I have 164% of what I had when I retired, back in 2009.

As for inflation, I was surprised to discover that from 1/1/2022-4/30/2022 I spent $65 less than I spent during the same interval in 2021. Don't know how that happened but it's sure encouraging.

I also like your plans to do essentially nothing, and to be patient. That's what I am planning, too.
 
Yesterday was just the ‘dead cat bounce’

I expect it to happen a few more times in the near future until we get to 25% down from the peak.
 
Hmmm... I had to go look.

My last earned income was deposited in my bank account on May 18, 2012, according to my diary.

Since then, my stash has grown to 2.093x its value on that day.

The current value is taken as of this writing, which includes today's bloodbath 6-figure loss. I still have 1/6 of my equity holdings in MFs, and when they report after market close, it will add some more to the loss.

My WR in dollar amount is now 1/3 to 1/4 of what it was in 2012 when I still had children in college. So, me worry now?


PS. I'd better include the inflation factor since 2012, which is 1.25x from 5/2012 to 3/2022. Then, my stash has grown only 1.67x instead of 2.093x.

But then, with inflation correction, my expenses are even lower than they were. And my SS to be claimed will be COLA'ed. Heh heh heh...
 
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I did sell my AT&T stock today, which has been pretty stable, and bought ACN, which was down 19 points at the time. Only about $14k for each transaction, so not earth shattering.
 
It is a good time to do Roth conversion.
 
NW-Bound said:
My last earned income was deposited in my bank account on May 18, 2012, according to my diary.

Since then, my stash has grown to 2.093x its value on that day.
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That is terrific! Sounds like you are all set to get through tough economic times, if that is what lies ahead. :D
 
Dtail said:
Not wait until at least bear market levels? (S&P)
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I never do anything all at once, and always spread it out.

Have just converted about $34K. Will do a whole lot more before the year end.
 
W2R said:
That is terrific! Sounds like you are all set to get through tough economic times, if that is what lies ahead. :D
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Well, I was not afraid during the 2000-2003 and 2008-2009 periods. Just concerned. :) Certainly will not be scared now.

And I still keep my eyes peeled for opportunities.
 
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Only about 18 of the 500 stocks in the S&P 500 ended up in the green today.

Here are how the big names fare, not in any order.

Apple: -5.57%
Nvidia: -7.33%
Google: -4.75%
Amazon: -7.56%
Tesla: -8.33%
Microsoft: -4.36%
Facebook: -6.77%

And the ARK ETFs:

ARKK: -8.93%
ARKW: -8.98%
ARKF: -9.48%
ARKG: -7.85%
ARKQ: -6.14%

Are we at the fear stage, or panic?
 
NW-Bound said:
Only about 18 of the 500 stocks in the S&P 500 ended up in the green today.

Here are how the big names fare, not in any order.

Apple: -5.57%
Nvidia: -7.33%
Google: -4.75%
Amazon: -7.56%
Tesla: -8.33%
Microsoft: -4.36%
Facebook: -6.77%

And the ARK ETFs:

ARKK: -8.93%
ARKW: -8.98%
ARKF: -9.48%
ARKG: -7.85%
ARKQ: -6.14%

Are we at the fear stage, or panic?
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Yesterday's run up of 900 points was a bear market short covering rally. Today's action was institutional selling to take quick profits on that rise. No other reasons as the 1/2 point FED raise was pre-announced weeks ago. The only people that have anything to fear are us retail players.

You do realize that the market is controlled by the big hedge funds and those others that can move the market. And that 80% of the trading is done by computer algorithms programmed to either sell or buy based on momentum. Us little guys are just fodder along for the ride.
 
Stuff like this is the exact reason why I wasn't satisfied with the success rate of 85% or some other lower numbers that people were floating about in some of our earlier threads. I waited until my numbers were much better than that before I retired. A downturn right after my retirement would have made me nervous nonetheless (Thank God that didn't happen, but it could have), but I'm glad I accumulated enough to not have to worry so much about what's been happening this year.
 
aja8888 said:
... Today's action was institutional selling to take quick profits on that rise...
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What profits? Unless you sell very early in the day, the prices are lower than they were yesterday.

I did not sell anything, except for a few OTM covered calls early before the prices collapsed badly.

Near market close, I bought a bit, less than $10K worth, just to say that I bought.
 
aja8888 said:
Yesterday's run up of 900 points was a bear market short covering rally. Today's action was institutional selling to take quick profits on that rise. No other reasons as the 1/2 point FED raise was pre-announced weeks ago. The only people that have anything to fear are us retail players.

You do realize that the market is controlled by the big hedge funds and those others that can move the market. And that 80% of the trading is done by computer algorithms programmed to either sell or buy based on momentum. Us little guys are just fodder along for the ride.
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But Cathie Wood said....blah, blah, blah... :blush:
 
NW-Bound said:
What profits? Unless you sell very early in the day, the prices are lower than they were yesterday.

I did not sell anything, except for a few OTM covered calls early before the prices collapsed badly.

Near market close, I bought a bit, less than $10K worth, just to say that I bought.
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Traders that bought on the way up yesterday unloaded starting at the open today. During this kind of market action, there are a lot of day and swing trades being made. The market is a casino, remember?:LOL:

Also, lots of traders in the option game, like you. And many trade just the options.
 
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