General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMarkets took a beating today
Markets are closed!
DOW
26,164.04▼ -313.98
NASDAQ COMPOSITE INDEX
7,823.78▼ -132.52
S&P 500 INDEX
2,893.06▼ -45.73
CRUDE OIL
52.51▼ -0.24
MyOwnPeace
(16,926 posts)The "TRUMP ECONOMY" continues to win bigly!!!!!!! (GAWD, I HATE that M-F'er SO much!!!!)
Wounded Bear
(58,656 posts)customerserviceguy
(25,183 posts)an impeachment slump. It may be one of the reasons why he's been looking to get impeached.
Newest Reality
(12,712 posts)Poor markets! Wasn't there enough wealth for hedge fund managers?
Main street is taking a beating everyday. It's getting really bruised and bloody.
Just being as sarcastic as I can, I know that people's retirement funds are at stake, etc.
My tent is still holding up, so I am fine
PoindexterOglethorpe
(25,857 posts)The Dow was down a frightening 1.19%, the Nasdaq a truly horrific 1.67%, and the S&P a similarly terrible 1.56%.
Clearly the apocalypse is upon us.
In reality, those numbers are not "took a beating today." They are well within normal ups and downs.
I'm also appalled at those here who cheer market drops, unless they are using them as buying opportunities. Just to cheer because you think only bad people will be hurt, have no idea that there are those who are not in the 1% who have investments, 401k plans, or Roth IRAs, or perhaps an actual pension plan that is invested in the market.
Awsi Dooger
(14,565 posts)Or even 2008. Now it's merely a weak day within normal range.
I don't mind because I've been dollar cost averaging one mutual find every 2 weeks. This Friday is a buy day so I root for a dip.
Overall I would have been better off just dumping it all in at the beginning. That's typically how this works. But the every 2 weeks focus has kept me paying attention and I made a few moves that worked out but I otherwise might have missed.
PoindexterOglethorpe
(25,857 posts)There are always ups and downs in the market. Trying to time it is foolish. Your dollar cost averaging is a strategy that's going to pay off well in the long run.
Keep in mind, and everyone here should repeat this occasionally, the markets set new highs from time to time, but they never set new lows.
NewJeffCT
(56,828 posts)the Dow closed at, 24,719
so, the Dow has only risen a measly 1,400 in nearly 2 years.