Bootsie Posted February 5, 2018 Share Posted February 5, 2018 The DJIA is down over 1000 points (or over 4%) today Quote Link to comment Share on other sites More sharing options...
Sneezyone Posted February 5, 2018 Share Posted February 5, 2018 Nope. I set it and forget it. 4 Quote Link to comment Share on other sites More sharing options...
catz Posted February 5, 2018 Share Posted February 5, 2018 A correction has been coming for a while. Not surprising. 13 Quote Link to comment Share on other sites More sharing options...
Lawyer&Mom Posted February 5, 2018 Share Posted February 5, 2018 Stocks don’t go down, they go on sale! (I invest a fixed amount each month. So more shares for the same price.) I’m many years from retirement, so short term fluctuations don’t really mean much to me. 14 Quote Link to comment Share on other sites More sharing options...
Pawz4me Posted February 5, 2018 Share Posted February 5, 2018 It was down over 1500 at one point. Quote Link to comment Share on other sites More sharing options...
Pawz4me Posted February 5, 2018 Share Posted February 5, 2018 DS22 says he can't get in to Ameritrade. I'm sure he wants to buy! Quote Link to comment Share on other sites More sharing options...
Arcadia Posted February 5, 2018 Share Posted February 5, 2018 I follow tech stocks, the Asian markets (Nikkei, Hang Seng Index) and Forex. My husband follow tech stocks and his company (NASDAQ) stock out of interest. We didn’t buy stocks but my husband’s employer gives restricted stocks units as bonus. Quote Link to comment Share on other sites More sharing options...
Bootsie Posted February 5, 2018 Author Share Posted February 5, 2018 It was down over 1500 at one point. That was the largest intraday point drop in the Dow. Given that the level of the Dow is higher than in the past, it isn't the largest % drop. But, it does have some psychological impacts. 2 Quote Link to comment Share on other sites More sharing options...
NorthwestMom Posted February 5, 2018 Share Posted February 5, 2018 I'd love to see it drop more so I can buy. Except for 401K investing I have been waiting for the correction to make purchases. 6 Quote Link to comment Share on other sites More sharing options...
Lady Florida. Posted February 5, 2018 Share Posted February 5, 2018 I follow it enough to keep an eye on our retirement savings, but we have a company that handles it. They do the buying and selling. We meet with the financial guy quarterly to determine if we still want things the way they are (how much risk, domestic vs. international, etc.) but we don't deal with the day to day stuff. Quote Link to comment Share on other sites More sharing options...
scholastica Posted February 5, 2018 Share Posted February 5, 2018 My dh does and he’s buying right now. 1 Quote Link to comment Share on other sites More sharing options...
Lady Florida. Posted February 5, 2018 Share Posted February 5, 2018 A correction has been coming for a while. Not surprising. Plus isn't the new Fed chair being sworn in today? Those kinds of things make the market jumpy but it's not long term. 2 Quote Link to comment Share on other sites More sharing options...
Pawz4me Posted February 5, 2018 Share Posted February 5, 2018 Biggest point drop in history. 1 Quote Link to comment Share on other sites More sharing options...
TravelingChris Posted February 5, 2018 Share Posted February 5, 2018 I glance at headlines and sometimes go check our mutual funds that I control- most of our money is in a 401K that is controlled by my dh's choices (that I did look over) but nothing we change day by day. 1 Quote Link to comment Share on other sites More sharing options...
Laurie4b Posted February 5, 2018 Share Posted February 5, 2018 We sold a percentage a while ago anticipating a correction and putting the money aside for a really good sale. A one day drop is only a sale if it goes right back up tomorrow. I think a bigger correction is coming so we'll wait. 1 Quote Link to comment Share on other sites More sharing options...
Bootsie Posted February 5, 2018 Author Share Posted February 5, 2018 Biggest point drop in history. The DJIA decline was 4.6% 1 Quote Link to comment Share on other sites More sharing options...
creekland Posted February 6, 2018 Share Posted February 6, 2018 Only on the news and then only because we wonder what the reaction is going to be as the state of the economy can affect hubby's job so I need to beware of potential income changes. We have our investments and are keeping them for a little bit (or a while) yet. They definitely aren't all in stocks. 2 Quote Link to comment Share on other sites More sharing options...
Reefgazer Posted February 6, 2018 Share Posted February 6, 2018 (edited) Yes. On Friday, I just re-mixed up my 401K to 80% stocks/20% bonds because I have no plans to retire in the near future and I have a very high risk tolerance. But, oh, my stomach..... My mom has a decent bit of GE stock. Another stomach-roiling ride. Edited February 6, 2018 by reefgazer Quote Link to comment Share on other sites More sharing options...
Bootsie Posted February 8, 2018 Author Share Posted February 8, 2018 The DJIA was down over 1000 points again today, making it the second largest (in point terms) one-day drop in the DJIA. Quote Link to comment Share on other sites More sharing options...
prairiewindmomma Posted February 8, 2018 Share Posted February 8, 2018 Maybe it will become slightly tethered to reality again? This correction has been long forecasted and discussed....and the Fed Reserve has been saying that interest rates would be going up (see December's meeting and about every meeting before that for the last few years). I honestly thought this correction would've happened last spring...after a certain election and following the Brexit mess and some other regional policy changes. 1 Quote Link to comment Share on other sites More sharing options...
prairiewindmomma Posted February 8, 2018 Share Posted February 8, 2018 Coming back to add...I am not enjoying looking at my 401k right now, but I have the same number of stocks that I had before, so.....it's livable. Quote Link to comment Share on other sites More sharing options...
RootAnn Posted February 8, 2018 Share Posted February 8, 2018 I just looked and the DJIA is down to where it was around Thanksgiving. It has been rising so precipitously (is that the word I'm looking for?), there was bound to be a correction. The big question is how much it'll drop and what effect that will have. Quote Link to comment Share on other sites More sharing options...
Sneezyone Posted February 8, 2018 Share Posted February 8, 2018 (edited) As PP said, this is great news for dollar cost averagers. Stocks are on sale! Woo hoo! Now if Congress would hurry up and pass a budget, we could afford to buy them next week.😂 Edited February 8, 2018 by Sneezyone Quote Link to comment Share on other sites More sharing options...
Bootsie Posted February 9, 2018 Author Share Posted February 9, 2018 Maybe it will become slightly tethered to reality again? This correction has been long forecasted and discussed....and the Fed Reserve has been saying that interest rates would be going up (see December's meeting and about every meeting before that for the last few years). I honestly thought this correction would've happened last spring...after a certain election and following the Brexit mess and some other regional policy changes. I think one of the biggest concerns is the impact that rising interest rates will have on the deficit, given the level of the national debt. 2 Quote Link to comment Share on other sites More sharing options...
Crimson Wife Posted February 9, 2018 Share Posted February 9, 2018 My DH just bought some ETF's today. He said the drops are caused by retail investors panicking and the fundamentals actually look good. He's the Chartered Financial Analyst with a MBA in finance so if he says it's time to buy, I'll trust his judgment. Quote Link to comment Share on other sites More sharing options...
Liz CA Posted February 9, 2018 Share Posted February 9, 2018 (edited) Yes. On Friday, I just re-mixed up my 401K to 80% stocks/20% bonds because I have no plans to retire in the near future and I have a very high risk tolerance. But, oh, my stomach..... My mom has a decent bit of GE stock. Another stomach-roiling ride. So...any quick recommendations on EFTs? :) I am tempted. Decisions. Decisions. Edited February 9, 2018 by Liz CA Quote Link to comment Share on other sites More sharing options...
Princess5 Posted February 9, 2018 Share Posted February 9, 2018 Yes recommendations plz, what tho buy.. Quote Link to comment Share on other sites More sharing options...
LucyStoner Posted February 9, 2018 Share Posted February 9, 2018 Big gains are usually proceeded by some sort of correction. Quote Link to comment Share on other sites More sharing options...
ChocolateReignRemix Posted February 9, 2018 Share Posted February 9, 2018 Yes recommendations plz, what tho buy.. Index ETFs. 2 Quote Link to comment Share on other sites More sharing options...
ChocolateReignRemix Posted February 9, 2018 Share Posted February 9, 2018 (edited) FWIW there is no need to be in any hurry to dive into this market. A continued correction is much more likely than a quick reversal. If you feel this is a buying opportunity and have cash, buying incrementally is probably smarter than unloading your clip all at once. ETA: And as I typed this the DOW dropped 170 points in just a few minutes. This correction is being pushed by the automatic trading algorithms as much as anything right now, which is why I expect to see more blood in the street for at least a few weeks. Edited February 9, 2018 by ChocolateReignRemix 5 Quote Link to comment Share on other sites More sharing options...
Bootsie Posted February 9, 2018 Author Share Posted February 9, 2018 FWIW there is no need to be in any hurry to dive into this market. A continued correction is much more likely than a quick reversal. If you feel this is a buying opportunity and have cash, buying incrementally is probably smarter than unloading your clip all at once. ETA: And as I typed this the DOW dropped 170 points in just a few minutes. This correction is being pushed by the automatic trading algorithms as much as anything right now, which is why I expect to see more blood in the street for at least a few weeks. And that drop was after the DOW had been up about 350 poinits earlier today, so we have had over a 500 point swing within the first two hours of trading today; the market volatility is high. 3 Quote Link to comment Share on other sites More sharing options...
ChocolateReignRemix Posted February 9, 2018 Share Posted February 9, 2018 And that drop was after the DOW had been up about 350 poinits earlier today, so we have had over a 500 point swing within the first two hours of trading today; the market volatility is high. I slept in and missed the early bump. I think Wednesday-Thursday we went from up 350 at one point on Wednesday to a small loss and then the cliff jump on Thursday. Of course on Thursday I think the last 500 points of the drop occurred in the last hour. Quote Link to comment Share on other sites More sharing options...
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