Why? Manage the portfolio. Buy American stocks. They'll probably do well.
Oh, wait, you chased Anti-American foreign stocks all this time and now are getting slaughtered. You're not fully extended into those foreign stocks, are you?
Well, this sucks for people with portfolios.
It will suck even for the 38% who don’t have them soon enough.
S&P 500 crashes past its 52-wk low (hit 50 weeks ago) and enters bear market territory.
In 1987, the S&P 500 dropped 33% from August to October. And in 2020 it dropped 33% (or so) from Feb 19 to March 23.
So I'm thinking let it go down another 5% or 10% .... before we buy back in like Stacey Abrams jumping into a Captain D's family pack.
Money you need in the next 3 years shouldn’t be in the stock market.
The market has become stupidly over-valued because of Biden turning on the printing presses and our print and spend Congress, that money had to go somewhere so it inflated stock prices well beyond reasonable valuation. The S&P needs to drop to 4,000 to get even close to historic valuation norms.
You don’t gain or lose until you sell, if your timeline is long enough, everything will be fine.
It’s in the green now.
We’re glad our investments guy moved us more into bonds and fewer stocks.
Anyhow, it’s doubtful that Cramer’s dreams of the demise of America will come true. He’s been wrong much more often than he’s been correct.
Why? Manage the portfolio. Buy American stocks. They'll probably do well.
Oh, wait, you chased Anti-American foreign stocks all this time and now are getting slaughtered. You're not fully extended into those foreign stocks, are you?
