Stock Market
To all that stated that the stock market was gonna crash real soon and cars would soon be worthless.. :drama:
Closed today at 40,206 !!!
There have been buncha "crashes" since 1929, 20ish iirc, the market was always equal to or ahead within 3 monthish iirc
Our biggest worry is the big "RED" button, someone presses,
And results of the election.
Banks doing well on the housing news. Mega caps were flakey today. Bitcoin is off again and gold reacting predictably to the DXY. I'm having some luck with short and medium corp bond etfs just now too. Happy Hunting
Depending on election, the US dollar could tank on the world market, people moving to gold and bullets for investment security.
Been sittin on this turd since Nov 2021 when I realized the market was not bouncing back. Phone goes crazy this AM which I chose to Ignore just because! Popped at $4.58 and I'm in at $3.31, while F### Me. All this with reinvested money that I paid capital gains on years ago, losing money to make money or is it making money to lose money!
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Sometimes it's time to consider cutting loses.
I think 70% of the S&P is up considerably, in 9 of 11 sectors.
Maybe time to find another horse
Consider a "stop-loss", set when you buy, "if it drops below "$n", sell.
Software or discipline may help cash preservation.
(Read and experienced that, lol)
Folks will be moving to gold with the uncertainty ahead.
If any of you got into DJT, you will now understand the value of a "stop-loss".
Lotta people hurting now, DJT is losing millions monthly, will continue dropping imho.
The market is broadening, it's not just the Magnificent 7 or 4 or ?
The Fed won't be lowering rates anytime soon, which will hurt the home builders, mortgage seekers.
Something will make the rates go down before the election.
Stay vigilant .