Everything is OK. Calm down! Stop! LOL.
This sell of is the most rational thing the market has done in a while. The economy is in the toilet, our debt burden is crushing, the economic future is bleak and now the world economy is tanking too.
I know it sounds crazy, but my first instinct was to go buy staple foods and OTC meds like children’s Advil and the like so my family does not suffer.
It was fear-based behavior, I admit.
I come from poverty. I don’t want to go back there.
This comes from the Washington Post.
If a repub was in the white house, it would be Armageddon.
Summary: Market is rational when it goes straight up. Irrational when it decline s. Nobody gives a crap anyway because relatively few of us have enough money in the equity market to feel the irrational ity.
Y’all aint seen nothin yet.
The middle of September is when this house of cards really falls.
Buy low, sell high. This is the best time to buy (assuming we’re close to the bottom).