Current Events > Everyone's 401ks are down right?

(+) Yeah! (+)

yeah i hate to agree with a troll but even in the US, the 2000-2010 period is called the lost decade for a reason
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It's crazy how after all the times it's fucked economies over, people are still against regulations to stop high risk economic growth.
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CharlesBronson posted...

EndOfDiscOne posted...

Bad idea to react to market changes and make emotional decisions. No one here is retiring any time soon. Stay in the market and dont make changes to your allocations too often.

Terrible advice. Markets are in freefall. I sold everything in June and put my 20k profit in the bank. I'm happy collecting my $300/month bond coupons, thanks.

Selling in June is a lot different than selling today.
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pres_madagascar posted...

A lot of people I know have started cashing them out, expecting another financial crisis.

This only makes a modicum of sense if you are planning to retire in the next couple of years.

If you aren't, just leave that shit alone. Stocks go up, stocks go down.
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Buying. There's some good opportunities out there.
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All my investments have been going down steadily for the past 4 months.

My portfolio is pretty diverse to.
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yeah mine is doing really poorly rn
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Krojen posted...

Buying. There's some good opportunities out there.

agreed. was able to add to entries I made in feb at similar prices all this month.

persistent fear makes for great buying opportunities
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Eh personally Im not one for buying as a downward trend seems to be picking up even more momentum and just hoping to catch the bottom. Guess I just like to play it safer, I buy/sell based on the strength of the current trend in the weekly charts, I get into trends later than others who longs at the bottom or shorts at the top, but I believe my strategy results in less variance in the long term.

Just going by simplistic technicals, I was still hopeful for the market to turn around before this week, but the action these past two weeks has led various indicators I use to give me a short signal, so Im definitely not buying right now. The only one of the big indexes that seems it might have a reversal in it is NDX, but the only thing Im thinking of buying for now is inverse etfs with the 20% I put into cash from my portfolio already
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Has the economy even approached where it was when Trump first got into office?

All this panic over nothing
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DanAnsumHandsom posted...

Has the economy even approached where it was when Trump first got into office?

All this panic over nothing

I think the issue is more we had a double top this year in the market. Had this been the first 10%+ decline this year I think people would be more hopeful in general for a nice rebound, but the fact that we already had a major decline earlier this year from the all time highs, followed by a huge rebound back to new all time highs, and now going back to previous support levels from the decline earlier in the year, I just think many are playing it safe based on the price action.
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Time in the market > timing the market. No one knows when the next recession is or if this correction will deepen.
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Too many people hoping for a recession to knock Trump
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Darkman124 posted...

Krojen posted...

Buying. There's some good opportunities out there.

agreed. was able to add to entries I made in feb at similar prices all this month.

persistent fear makes for great buying opportunities

lol why would the market go back up the fed pricked the bubble when it raised rates and trump is going to get all the blame the average dumb fuck doesn't understand obamas economy was a fraud get ready for the next president to be a socialist lol

FLUFFYGERM posted...

Time in the market > timing the market. No one knows when the next recession is or if this correction will deepen.

mm hmm. even if this were a 30-40% drawdown (from peak) bear, you'd be up if you bought in 2016

CharlesBronson posted...

lol why would the market go back up the fed pricked the bubble when it raised rates and trump is going to get all the blame the average dumb f*** doesn't understand obamas economy was a fraud get ready for the next president to be a socialist lol

because earnings are rising, and they've been rising even as the fed has continued raising rates.
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DanAnsumHandsom posted...

Too many people hoping for a recession to knock Trump

If there's a recession at this point it will be used against the next Democratic President when he takes office
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Damn_Underscore posted...

DanAnsumHandsom posted...

Too many people hoping for a recession to knock Trump

If there's a recession at this point it will be used against the next Democratic President when he takes office

No.
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I haven't actively invested actively in 2 years.
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