Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you.
Posted on 06/05/2026 8:46:29 PM PDT by lasereye
A remarkable two-month sprint higher for the major U.S. stock-market indexes encountered its first major hiccup on Friday, as the Nasdaq Composite plummeted more than 1,121 points — its biggest one-day point drop on record, according to Dow Jones Market Data.
That translated to a 4.2% decline for the Nasdaq, the biggest in percentage-point terms since April 10, 2025, data showed. A 2.6% drop for the S&P 500 on Friday was its worst since Oct. 10.
(Excerpt) Read more at marketwatch.com ...
|
|
Click here: to donate by Credit Card Or here: to donate by PayPal Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794 Thank you very much and God bless you. |
It’s business as usual. The Stock Markets are like Las Vegas for rich people................
It is called the rug pull maneuver. Shorts running the market up then dumping to crash it. Profits are taken as the floor disappears.
It was an unrealistic run-up. A correctiom was bound to happen.
CC
And even with today’s “crash” the Nasdaq is up 14% YTD and about 35% from a year ago.
And more often than not the smart money sees today’s sell-off as a buying opportunity.
Wall Street hated the May jobs report.
Higher employment could lead to higher inflation >> higher interest rates >> stronger bond market.
When bonds rise stocks fall.
So make it a self-fulfilling prophecy.
+ + +
And with food and gas prices rising and stocks falling the midterms are shaping up to be a bloodbath.
“It’s the economy, stupid”—whether on Wall Street or on Main Street!
Erstwhile rich people.
Most market moves are irrational. Little is based on data and most on emotion.
Don’t play if you can’t accept these conditions.
If you can’t accept a 20 to 25% drop that takes 2 or 3 years to recover stay out.
If you want to be a trader you may as well play roulette.
Precisely. It’s all a gamble, and much of it is based on emotional reactions to the news of the day.
> 2.6% drop for the S&P 500
This is the worst financial event in the history of the world! It’s over! We’ll never recover!
gonna buy me some space x next friday.
Hooverville
Trumperville *
* Presidential Working Groups on Financial Markets
Rigged ✖️
What exactly does that mean?
😜LOL!
I thought you were smarter than this.
Me too!
How are the donkees going to give you cheaper food? Cheaper gas?
Sell in May, and go away.
Old stock market adage, about the seasonal Summertime dip.
It’s a gamble, there will be lots of hysteria that first day, good luck! Just keep in mind that there will be a rapid run-up in price, due to high demand, and some bubble bursting along the way as pre-IPO holders of stock take profits as their shares unlock. Some after 10 days, some after 30 days, 180 days and one year. But that is part of the fun, because the stock will pay off long term.
I put in a buy order today with my broker. I intend to add more later during dips. The actual price beyond $135 may be settled next Thursday, so I may adjust my order downward then. Don’t go crazy and all in, it is gambling!
I’ve seen opinions that the sell-off was people freeing up cash for that IPO. I’ll just avoid the FOMO event.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.