Black Monday 2024?

[audiophile]

Japan stocks off 12%+, biggest drop since Black Monday 1987.

Bitcoin is down 25% in a few weeks.

Sounds like a bad day for DOW and NASDAQ.

Craig, I hope you got this...and maybe selling short today? (I'm not in the stock market like TT.)

https://www.msn.com/en-us/money/watchli ... ource=MlAl

[zzand]

Jobs report last week started this profit taking. It will reverse itself.

[TC Talks]

It's an adjustment, it is August after all.

Hopefully y'all sold some stock last week, and will rebuy lower once this is done.

[MotorCityRadioFreak]

I do think that things could get bad. Lots of small businesses are closing. Moose Jaw just announced its last store will be closing by the end of the year. This reminds me of March 2020 minus the pandemic.

[TC Talks]

There’s a great deal to think about once you start focusing on the behavior of the markets and the health of the economy in an election year.

But what is perhaps the most important issue for investors rarely gets attention.

In a word, it is rebalancing.

I’m not talking about a yoga pose, but rather about another discipline entirely: the need to periodically tweak your portfolio to make sure you’re maintaining an appropriate mix of stocks and bonds, also known as asset allocation. If you haven’t considered this for a while — and if nobody has been doing it for you — it’s important to pay attention now because without rebalancing, there’s a good chance you are taking on risks that you may not want to bear.

[audiophile]

Dow down 900 points in pre-trading.

https://www.msn.com/en-us/money/markets ... 8b4a&ei=28

[Rate This]

I figured a market correction would occur Q3. I've been investing my excess cash these past couple months in CDs and bonds. I also tweaked my existing stock portfolio to a somewhat less aggressive mix.

There is too much turmoil going on in the world, and our nation's crazy low unemployment rate was not going to last.

There must be a lot of investors sweating bullets. Schwab's smartphone app is down right now.

A friend of mine gave me some wise advice once… While everyone else panics and sells it’s a good time to buy since it will eventually go back up.

[audiophile]

Sure, go ahead and buy first thing this morning, LOL.

MW: I just reading about how many kids are living with/off-of their boomer parents. Low unemployment means nobody is looking for work, not full employment. Big difference.

With things like Free Daycare, Medicaid for kids, Obamacare, you are way money ahead to work a minimalist local part-time job, drive a junker with PLPD and let the boomer parents put the roof over your head.

It used to be you got the good paying jobs to get healthcare coverage and so you could pay for nice house & car, and daycare.

[audiophile]

Dow 38,690.73
USD▼ -1,046.53 (-2.63%) today

and that's in 20 minutes!

[bmw]

I would be buying in this morning if I hadn't already stupidly shoved my money in literally at the top the day before things started to fall a few weeks ago. And of course since I buy triple leverage ETF's I'm down triple. At the moment down almost $5,000 in just over two weeks.

I'm going down with the ship.

[zzand]

The only stock I own I got in my divorce, Walmart, and I leave it alone.

[audiophile]

You are correct, audio, that labor force participation in recent years is down from Y2K peaks.

It has rebounded a bit coming out of COVID but is still only at early or mid 1980s era levels, when a good number of women were stay-at-home mothers / housewives.

https://fred.stlouisfed.org/series/CIVPART

That being said, there is now an unexpected slowdown in new hiring, and the unemployment rate jumped by four tenths of a percent in the latest report.

https://www.reuters.com/markets/us/us-j ... 0recession.

Historically speaking, summer is not a good time of year to buy stocks. That's because August and especially September are usually lousy performing months for the DJIA. October has a reputation of being more unpredictable than most months.

Thanks for the chart link. I knew it was down from a gut feeling.

[Rate This]

You are correct, audio, that labor force participation in recent years is down from Y2K peaks.

It has rebounded a bit coming out of COVID but is still only at early or mid 1980s era levels, when a good number of women were stay-at-home mothers / housewives.

https://fred.stlouisfed.org/series/CIVPART

That being said, there is now an unexpected slowdown in new hiring, and the unemployment rate jumped by four tenths of a percent in the latest report.

https://www.reuters.com/markets/us/us-j ... 0recession.

Historically speaking, summer is not a good time of year to buy stocks. That's because August and especially September are usually lousy performing months for the DJIA. October has a reputation of being more unpredictable than most months.

How much of that participation decline is older folks leaving the workforce and having nobody to replace them? There is a bit of an age bomb lurking out there as our population continues to age.