Dow falls 20% from intraday record high of Jan 5

Reuters via Yahoo ^ | September 23, 2022 | by Caroline Valetkevitch

[alexander_busek]

Transitory.

Yeah, just like the Mesozoic Era - it was eventually over.

Regards,

[moovova]

LOL...good one.

[Scott from the Left Coast]

How about an even better one from August (referencing July):

“Zero, inflation is zero”— Joe Biden

Maybe he was talking about how much money we have left, and just got confused.

[aMorePerfectUnion]

Longer term view - market hidden and showing just 50/200 day moving averages of the S&P

[existentially_kuffer]

Transitory, just like inflation. Tks Brandon,

[Flick Lives]

"Please return your tray tables to their upright position. We're preparing to land."

[Rlsau1]

And it’s not even October. We’re already in a recession and headed down.

[roadcat]

Keep your powder dry. When the vix hits 50, buy.

After Biden got inaugurated, I began converting my stock and bond investments to cash. About 50 percent. This year, the stocks and bonds declined to where I'm about 55 percent in cash. I do have investments in some individual stocks that are doing well. Waiting for the right time to buy back into various funds after a huge drop.

With Biden, that might take a couple years of waiting. The idiot may crash the USA beyond recovery.

[oh8eleven]

I began converting my stock and bond investments to cash. About 50 percent.

I started 3-4 months ago, and converted closer to 60%. Hung on to my Ibonds and some mutual funds that are treading water.
My son's been predicting a recession for quite a while now; is all cash, and has been shorting the S&P and the Dow for quite a few months.
Nevertheless I'm not a happy camper.

[stevio]

Do you use stock services to get advice or information? If so, which one(s)?

[central_va]

The DAY Donald Trump announces his run for President in ‘24 the stock market will begin to rally “bigly”. Just the thought taht Trump could be President again will rally the markets.

[SaveFerris]

(“Zero, inflation is zero”)

He just cannot stop lying. Just like Barry.

[Sam Gamgee]

I sort of get a sick feeling of satisfaction that the tech giants are flailing.

[Sam Gamgee]

Democrats rely on weasel math. If the annualized rate stays the same month to month they claim there is no inflation.

[thepoodlebites]

Yep, cash is king until the Republicans win back both Houses in November. I still believe in the American people and a solid majority have seen enough of this nightmare. It’s time to push back but we must rise above the expected cheating. Biden is a thief and everybody knows it except for him, a burned out and angry old man.

If the vix spikes early before the elections I plan to get back in 5% at a time, blue chips mostly. Good luck and God Bless. Patience is the key.

[roadcat]

Do you use stock services to get advice or information?

I'm subscribed to some financial newsletters and get daily information, which became so overwhelming that I don't read 90 percent of them. Also have long had a Charles Schwab account and have access to their advisors. Also have retirement accounts with advisors. Also services from banks where I have accounts, which I don't use even though they keep trying to push services on me. As I mentioned, it's overwhelming so I mostly go by my gut instincts. I can't recommend just one service, there are so many and they're just out to make a buck off you. Treat it like gambling, and trust yourself. We've been lucky and have grown our portfolios over the past 45 years. More individual stock winners than losers (lost on Enron and Palm, etc., offset by Apple, Oracle and Tesla, etc.). Equity funds do well over time despite having down periods (large cap S&P 500, large cap social equity, and real estate funds). Time is your friend, just have to get past the Biden era.

[stevio]

Thanks.