Looks like my portfolio has taken a beating the last 2 days. I don't need it today, so no reason to panic. Also read that Japan is part of the issue with them raising money rate and hold traders getting caught in the middle. Fun times
-
If you are having trouble changng your password please click here for help.
I’m Shocked - No Monday Meltdown Thread?
- Thread starter wolfmanrogers
- Start date
- Joined
- Feb 7, 2013
- Messages
- 69,473
- Reaction score
- 82,691
Down 6% from 52 week high. Oh noes!!!
Wait.... up 20% from 52 week low. Partay!
Seriously people....
Wait.... up 20% from 52 week low. Partay!
Seriously people....
The underlying fundamentals are what have people the most worried, not today's movements. The Fed instituted an emergency rate cut. That doesn't happen if it's all smoke.
You're correct it seems. Last I heard it was a done deal...guess not. Too much news today!
It'd pour some gas on inflation!
- Joined
- Feb 7, 2013
- Messages
- 69,473
- Reaction score
- 82,691
The average schmuck expressing concern today has no clue about the "underlying fundamentals". If they did, they'd have bailed years ago.
As pointed out, no rate cut. This is barely a blip. We string together a handful of these, then anyone who needs their money in the next year can start to perk up. But it does make good election year "news".
That's a safe stance to take publicly.
Schwab
