So, the “big boys” on Wall Street most likely got wind of this coming early in the week, and bailed - leading to the 5+% drop on Thurs, and the follow-on selling Friday..
And the rest of us (who weren’t so lucky as to get a ‘heads up’ from our politically connected friends in high places) got financially slaughtered.
Gotta love the system.
If you got slaughtered, you haven’t been paying attention. This has been expected since March, when PIMCO made their announcement. I did what I could with my 401K, but I’m pretty limited with where I can put my money, so I’m going to get hit no matter what. I moved things around in March to try to mitigate the damage and have been watching the market go up and sideways, wondering when “it” was going to happen. I was actually considering moving things around again a few weeks ago. Thank God I didn’t.