“Tumble” lol. Down like 6% in a week, not even.
this post was submitted on 05 Aug 2024
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I know right? News gotta be “the sky is falling!” Everyday. :(
S&P Index experiencing lows not seen in… checks notes …3 months, when they were all-time highs.
Line must go up!
Traders: Gib free monies!
They will give any excuse that can gin up to return to the days of the Fed basically giving out free money that they can go gamble with. The effects on the broader economy be damned.
It looks like traders are already snatching up some of the discounts this little selloff has created. If investors want to bully the Fed into cutting rates, they're going to need more discipline than that.
No we don't need to be implementing real actual changes to deal with senseless speculation. Federal policy should be dictated by reality.
As I said yesterday, let me know when this is a long-term trend that has a significant effect on retirement accounts.
I moved my 401k into a money market account back about July 13. I could see this coming. I'd have taken a bath by now. I figure I'll jump back in around a few weeks from now. Could I be wrong and it goes down further? Yeah. Could it rebound tomorrow, and i miss on gains? Yeah. But just gotta guess and hope you guess right. So far I guessed right.
I'm doing the exact same.
i enjoy thinking about wall street people getting yelled at by panicked shareholders
Yay! Another bailout!