The S&P 500 could fall another 28% before this historic sell-off is over and markets start bouncing back, BofA says

msn.com ^ | 5/8/2022 | Carla Mosee

[Red Badger]

https://en.wikipedia.org/wiki/Defenestrations_of_Prague

[zeestephen]

Nasdaq 100 (QQQ) broke through a 25% decline this morning.

QQQ peaked near $405 a share about six months ago.

It has bounced off $298 a share a couple times today.

Bitcoin is also approaching a critical resistance point near $31,000.

Bitcoin powered above $31,000 about 18 months ago and peaked near $65,000 about six months ago.

Bitcoin has tested the $31,000 floor six times, and survived all six tests.

If it crashes through $31,000, there is very little buyer support underneath until hits $10,000.

[grey_whiskers]

Was that from Reefer Madness?

[grey_whiskers]

The Defenestration Of Progs...................

[cgbg]

If you are young then riding it out makes sense.

If you are within five years of retirement now is the time to bail.

[Red Badger]

Possibly..............

[1Old Pro]

This isn't a correction, it's a sane reaction to Biden's fiscal policies and his executive actions or lack thereof which limit energy production and in almost every case put a drag on the economy.

[Psalm 73]

Well, so much for my 401Ks, looks like I’ll be working for a few more years....

[minnesota_bound]

This means my AMD stock will go from $86 to $60.
Was at $162 in early Dec 2021 and $120 as recently as end of March 2022..... If all sold tomorrow then maybe I buy more back at $60.
S&P Futures, Dow Futures, Nasdaq Futures, Russell 2000 Futures are all up slightly in the green after hours. Under 1%.

[minnesota_bound]

#15 Are you bumping off relatives ?

Kinda like this guy:
Kind Hearts and Coronets - 1949
https://www.imdb.com/title/tt0041546/?ref_=nm_flmg_act_59
Trailer of the movie:
https://www.youtube.com/watch?v=lTOeAGSV5Ro

Quote: Good. I have some cash lying in wait and will soon be getting a small inheritance. I was lucky enough to be in the same situation right as the COVID market pants pooping happened. It turned out very lucrative. Buy low, sell high.