Hang on to your hats on the market tomorrow

[Humanoid 3.0]

Dow closes 1,700 points lower, S&P 500 and Nasdaq log worst day mid 2020 when Trump was last POTUS.

Yup the VIX is up. Unfortunately 401ks, wet don't invest like that or short stocks. If you day trade go for it.

[Unsuspicious]

Never sold gold before, local shop went with 94% of spot price, I've seen worse numbers based on a quick gaggle search. Guess I'd be buying too if I could get 6% off from the start.

[Dan47]

Originally Posted by Unsuspicious

Never sold gold before, local shop went with 94% of spot price, I've seen worse numbers based on a quick gaggle search. Guess I'd be buying too if I could get 6% off from the start.

"A Time for Everything

There is a time for everything,
and a season for every activity under the heavens:

a time to be born and a time to die,
a time to plant and a time to uproot,
a time to kill and a time to heal

a time to buy gold and a time to sell

a time to tear down and a time to build,
a time to weep and a time to laugh,
a time to mourn and a time to dance,
a time to scatter stones and a time to gather them,
a time to embrace and a time to re..." - Ecclesiastes 3:1-8

[PLRX]

Originally Posted by Moond0ggie

Pro tip ,
On days where you KNOW theres going to be trouble , buy into UVXY ,
the volatility index ETF that corresponds to 1.5 x the VIX index .

We are up 35% today.....where else can you harvest a 35% gain on a day trade ?

https://finance.yahoo.com/quote/UVXY/

https://www.google.com/search?client...-e&q=vix+index

https://www.proshares.com/our-etfs/strategic/uvxy

somebody posted that about a year ago, and I've done good with it

[Humanoid 3.0]

As expected a big drop in value of my retirement accounts today, oh well I got a decade to recover.

[Unsuspicious]

Shietttt almost a 7% drop in one day, that's a new record for me.

[A/E]

Had some Serious Cake get Wiped Off the Botton Sum Tally fer Sure ~

" Poof " Like Getting an Uninsured New C8 Stolen . . .

Hopin' that my Stolen C8 will find me in the Near Future Whilst I still have the Key Fob in my Pocket ~

And am young and limber enough top fall into it without getting my Jorts in a Bunch

[Jeff '79]

20% - 21% down from the top on the Nasdaq will be here today.
Buy with both hands !!
Capitulation seems imminent.

[Jughead]

Ima let it ride. Market goes up and down. Doing ok on 3 pensions and SS. Have to take out RMD this year and will probably save that. Took some out before the crash.

[Craig]

I didn’t lose as much as I thought I would, essentially break even from twelve months ago, still have more than I started with at retirement. Margin calls will drop the markets today. The weekend will give everyone a break to rethink things. Next week should see some recovery.

[Frankie the Fink]

Originally Posted by Jughead

Ima let it ride. Market goes up and down. Doing ok on 3 pensions and SS. Have to take out RMD this year and will probably save that. Took some out before the crash.

Pulled out my entire 2025 RMD last month for some home improvements - that, at least, timed out nicely.

Many touting huge returns don't count short term capital gains tax and if they are smart they don't play the short scheme with significant amounts...

[LATB]

Don’t care.

[Humanoid 3.0]

...

[slewfoot]

[slewfoot]

Originally Posted by LATB

Don’t care.

Did you ever start? No! Life is all about you.

[Jeff '79]

Ok...
Time to turn around.
I'm in and waiting.

[LATB]

Originally Posted by slewfoot

Did you ever start? No! Life is all about you.

I care about many things.
Neither the stock market or your opinion are among them.

[Onebadcad]

WTI down to $61, BUT retailers WILL NOT lower prices accordingly.

10Y T-bill down to 3.89, 25+ bp drop the last two day, BUT mortgage rates are not lowering at 1:1 correlation.

[Jeff '79]

It feels like capitulation.
I scored 3 etf's today at prices that I thought I'd never see again.
Nail biting time is here.

[Dan47]

Everything’s down except…. The dollar. https://www.tradingview.com/symbols/TVC-DXY/

Some profit taking but everything gets sold when dollars are needed to service all that debt. Mass defaults eventually but until then, The Oracle of Omaha is showing the way, hoard dollars until Wall St starts jumping from their windows. 🪟