To me that stock market ran up so fast last year and the first month this year, that it's hard for me to get excited about the drop because it seemed like too much too fast anyway.
So we're back to late Nov 17 prices. That's still way higher than Jan 1 2017.
+1 Exactly!
Those of us who follow the market on a regular basis just knew this was too hot to sustain itself.
I view the market trend almost like a steady rising tide. It will eventually go up regardless but there is an ebb an flow to it. A pull-back doesn't mean the tide is going out; it is just reverting to where it should be in the first place.
Patience pays off by knowing that it can get ahead or behind itself but there is an imaginary 'true' line of growth that the market only sometimes follows.
Just my visualization of it. I'm pushed back to October '17 (from August '18's calculated balance)
Party on Garth. As of 2:15 today the S&P was positive for the year.
Which day was this, the "down day in the market"? My memory is fading.
At this point, I am 1% above 2017 year end.
Still a long way towards the peak on Jan 26, but I should not complain.
I'm 1.5% up from first trading day of the 2018. Like also, a long way short from the high in 2018. Still very happy where we are at and a lot of year to go. It is what it is and always feel blessed with what I have.
I went from 8k down to up a tad in no time. Talk about volatility!
Are we all in agreement this was a "market head fake"? Or is there a surprise lurking in the woods soon?
Oh! Wow. Is there some instrument I could use to trade on this volatility thing? I think that would be fun. Maybe do it on a day to day basis. Or hour to hour. Something to pass the time in my retirement, you know.
I had to check my "car index". And found that I'm down an Alfa Romeo Giulia.
I have a good chunk of cash set aside for buying a home. I wonder how far down we must go before using some of that to buy in and get a partial mortage would pay off? Definately not in a hurry...