OT: Stock and Investment Talk

[phs73rc77gsm83]

This drop today is nothing.
It would have to have fallen almost 9,800 points to equal the carnage of Oct.19,1987.
That day,I went to an ear,nose,and throat specialist but when I got home,I thought that my eyes needed examining as well.

Yea, I was in a managers meeting out of town in October 87 and our company was very dependent on IPOs, M&A, and stock/bond offerings. That was before cell phones, of course, so we were taking turns going out to pay phones to hear the latest. The “good news,” as I recall, was that it was a quick recovery similar to Covid (and different from dot.com and GFC). I don’t trade much at all so I don’t get too excited about big ups or downs. Withdraw 2% max annually from portfolio (retired).

 

[yessir321]

If we had a stable economy then Trump would not have won in an electoral landslide. Clearly not enough people are benefiting from this economic boom that some of us were experiencing.

Happy #FAFO Season!

 

[T2Kplus20]

Don't let portfolio losses get the best of you, folks. Keep it in perspective. Keep the politics in check, at least in this thread. Take that "discussion" to the CE board. The market was overdue for a reset. Trump's initiatives only served as a catalyst to quicken the inevitable result. Now we must contend with the length of the impact. Better days ahead. I hope sooner than later.

Very reasonable post for a thread bear. :)
Regarding WOLF. The CHIPS act sounds safe.

 

[T2Kplus20]

Yea, I was in a managers meeting out of town in October 87 and our company was very dependent on IPOs, M&A, and stock/bond offerings. That was before cell phones, of course, so we were taking turns going out to pay phones to hear the latest. The “good news,” as I recall, was that it was a quick recovery similar to Covid (and different from dot.com and GFC). I don’t trade much at all so I don’t get too excited about big ups or downs. Withdraw 2% max annually from portfolio (retired).

I was way too young to experience that crash, but people forget that the market ended up in 87. That should be a lesson for all.

 

[e5fdny]

I was way too young to experience that crash, but people forget that the market ended up in 87. That should be a lesson for all.

But we all know some who didn't recover.

 

[e5fdny]

Ok, brought some CMG , down 30% ATH and new position at CAVA $79.8 Added to my BDX

This is a day you take advantage of other people emotions.

I was that guy in 2008…and paid for it.😢