Since I like to agitate the hornet’s nest, how is your 401K doing?
The stock market, purportedly an example of the economy going like a train but wirh no tracks on the horizon has been in the mud for many months. Thanks to the tariffs.
The current volatility is not due to tariff, but uncertainty created by Nov 6th election. Market will unlikely swing up ( big swing I mean ) until they see the results of election!!!
The Dow dropped 300 points after falling more than 450 points, led by declines in Caterpillar and Apple. The S&P 500 fell 1.3 percent as the communications and tech sectors lagged. The Nasdaq pulled back 2 percent. Overseas, China’s Shanghai Composite dropped fell sharply.
I don’t understand gibberish about stocks, anybody can say they are earning whatever. At the end, numbers don’t lie, nobody can sustain an increase in returns when the market is back peddling almost every day. You lose 5% today, you need to make up 10% tomorrow just to recover. You are not safe from losing your money! Only an IUL has the capacity to stop your losses at 0. Even some IULs are giving you a 0.25% if the market crashes. Whatever! Water over the bridge!
"Housing stocks also fell. The iShares U.S. Home Construction ETF (ITB) dropped 1.4 percent. They also fell after Bank of America Merrill Lynch downgraded shares of Toll Brothers and PulteGroup, along with NVR, as it reduced its forecast for housing starts.
The rise in bond yields came a day after the Federal Reserve released the minutes from its September meeting. The minutes showed the central bank is still convinced tighter monetary policy is the best course of action for the economy to remain steady.
“To me, this reflects a lack of trust in the Federal Reserve,” said Craig Callahan, president at Icon Funds. "The market fears the Fed will over-tighten."
I know but nobody here say they work in NFLX. I quoted this gain in F10 thread.
A few here work in AMZN and AAPL or ex-AAPL so I thought it would be good to show these 2 stock gains.
Who work in NFLX here?
Did you own a sizable NFLX position? Congras if true.