Nasdaq tumbles 2% Friday, notches worst week since 2020 and falls deeper into correction territory

CNBC ^ | 1/21/2022 | N/A

[unclebankster]

Good,

I’m sick of the bloat in the stock market.

This cheap money era can’t go away soon enough from my perspective.

[JonPreston]

[Clutch Martin]

Dollar cost averaging.

I haven’t looked yet but I imagine shares of various investment vehicles will drop in price which means you can pick up more shares if you are dollar cost averaging.

[Fido969]

Blah blah. They’re higher than they were on Dec 2. This is hardly the great crash.

[pfflier]

I look at the dailies and am happy if my losses are only in triple digits. Nothing is escaping this, stocks or bonds. Even straight cash holdings are being diminished by inflation.

[Fido969]

My 401K has been suffering under the Biden admin.

What is your financial guy putting you into? Earthworm Farms? Stinky's Bob's Chain of Fish and Chips?

Really, get another guy.

[stanne]

“…we are living in a bizarro nightmare world, this cant be reality!!”

Thanks. Ya. Which is why there’ll be no healthy stocks correction. Or healthy anything

[blackdog]

Amazon was the straw today. “Break”

[taildragger]

Aggh... Should have pulled the trigger sooner. Took some $ off the table, thinking about a good chuck of it. As Reagan said "Who's minding the Store" frankly no one. Energy, food prices up, inflation through the moon etc etc.

Not advestment advice, but my cursory research today is a lot like the falling knife after 9/11 aka put you clients $ in lesser loosing funds. Inflows are going into Bonds (TIPS), Large and mid Value, Divi plays and Utilities, flight to safety. Oil/Energy has been doing ok, but not today.

Three years of going sideways or a loss after 3 yrs of Trump's rocket ship, whatta freakin downer...

[blackdog]

Many companies are fat on cash. I think they are forcing their own drops to buy back stock right now. The entire tech sector was using free money to fuel their speculative worth. Now that interest rates are going up they need to actually produce and make something. Enron and Solyndra taught me plenty. Surebeam too.

[Mouton]

Nascrap down almost 400 points on the close

[No name given]

The only place I would like to see Hillary walk to is the perp walk in federal prison, preferably Gitmo. No, make that waddle.

[Presbyterian Reporter]

The Biden economy is becoming very painful.

Netflix, who is no friend in FReeperville, is down hard today.

NASDAQ › Netflix, Inc. (NASDAQ:NFLX)
392.2100 -116.0400 (-22.83%)

Netflix was trading at $700 in mid-November 2021. It is down almost 50% in less than two months.

[Presbyterian Reporter]

Twitter is another FReeperville unfriendly that is setting a 52 week low today.

NYSE › Twitter, Inc. (NYSE:TWTR)
35.19 -2.09 (-5.61%)

https://quotes.ino.com/charting/?s=NYSE_TWTR

[Bobalu]

Mine’s down 38k in last few days :-/

[Presbyterian Reporter]

Be wary of long tails up-—

https://stockcharts.com/freecharts/pnf.php?chart=$spx,PLPADANRBO[PA][D][F1!4!2.5!!2!20]&pref=G

[Hojczyk]

Got out yesterday...Wall Street sees the economy is going to hell...people will quit spending except fo essentials...Have a few oil stocks.left,,,, they have done nothing for six months

[Tell It Right]

Agreed.

I don't get much into factor investing. But I do sometimes move money around in broad terms over things like a very high Shiller PE (currently 40% above average) and the Fed pulling away the punch bowl.

I'm out of equities and I'm substantially in long term treasury funds in my various accounts (401K, Roth IRA, and taxable accounts). Those tend to go up when stocks drop bigly. That's how I made money in 2020 (out the early part of the year until about 1st week in March, making money on the way down in LT treasury funds, then went back all into equity funds 1st week of March and made money as stocks rose back up bigly).

At the time I was expecting the S&P 500 to slowly drop 40% or 50% like it did the prior two downturns (late 2007 to early 2009, and early 2000 to fall 2002). But when I saw it drop like a rock in 2020 (30%+ in a month) I jumped back in because it reminded me of the 33% S&P 500 drop in 1987 that happened in just a few months (though most people remember the one day Black Monday drop on Oct 19 that year) and immediately rose back up. Since I'm big on historical trends instead of factor investing, I took that as a large chance 2020 would rebound quickly like late 1987 early 1988 did.

Now that we're sky high again and the Fed taking away the punch bowl, I'm out and I'll stay out until I see a long drawn out 40% decline or a quick 25% or 30% decline.

[Tell It Right]

Perhaps. Do you think we’re still in the euphoric phase? Or maybe climbing the wall of worry phase?

[samadams2000]

I was so close. But alas the great reset and the great brandon set back.