He’s smarter than you…

[Zanary]

I don't agree that it's "woe is me, the sky is falling" so much as it's "the orange clown doesn't care who gets trampled as long as he gets his way". The market isn't just "dipping", it's in a hard flux due to the splintering relationships that also fall on our garbage administration. This is new territory, potentially very dangerous territory, and it's technically up to the people to wrest some control/sanity back from a wannabe oligarch that's taking big, dumb swings all around with some terrible results.

All the people whose savings have evaporated in the last week after voting for lower prices, etc...they should absolutely be wearing out their local gop representatives at the very least.

[Waterboy]

I'm fully retired now and just went on Medicare and SS believe it or not! So our portfolio is more conservative - but I am staying away from our dashboard for the next mos. 

I remember 2008, my kids first year of college. There is never a good time for a bubble to burst, but that was pretty bad from where my porch view was. 

Life is not for the spineless or weak minded, thats for sure!

That is certainly true.  Don't look at your bad stuff.  Just invest in broader market funds.

[badgervike]

where was all the handwringing in the winter/spring of 22?  We saw the S&P drop about 22% over a few months that year and not a peep,  not jim kramer,  not the msm, not the dems,  nobody said shit about their 401ks that I recall.. it was a dip.  We are currently sitting at a 21% drop since valentines day, so about 2 months,  and I expect it to go lower,  but like Waterboy says, its about to be come a good time to make some money.  I am hoping to put about as much in on the dip as what my IRA lost on the drop ( which was very significant to me, I figure I lost about 2 years worth of retirement income),  which could be huge when this thing rebounds.

The only difference is the party occupying the white house,  especially 1/4-1/3 of his party doesnt even want him there.

You mean the days of "transitory inflation"?  Quite a few of the people angry about Trump's actions were making excuses for the Bear Market and Inflation back in 2022.  It will take a few of these tariffs to resolve themselves and the market will respond.

Meanwhile...interest rates are still coming down partially related to money coming out of the market and into bonds.  There's lots of real estate debt out there that is terming pretty quickly.  Hopefully, the rates go down another percent or so so that people can start refinancing (and financing) again.  We haven't had a healthy real estate market in  a long while.

[JimmyinSD]

Financial Advisor Announces It's Time To Panic, Urges Clients To Make Hasty, Emotional Decisions

ANNAPOLIS, MD — Local financial advisor Rick Rosas announced that now was the time for utter panic and urged his clients to hastily make huge money moves based on pure emotion.

Rosas called each of his clients one by one advising them to let fear drive their financial decisions and recommending immediate changes before taking time to think it through.

"What are you doing sitting there?? Buy! Sell! Panic!" said Rosas, speaking to a young couple worried about their retirement account. "Take that fear in your gut, and let it overwhelm you until you make massive, life-altering financial decisions. Do it quick! Hurry!"

According to Rosas, the stock market has never fallen ten percent before, and it is probably a sign of the apocalypse. "This is unprecedented," said Rosas. "When faced with such uncertainty, the best course of action is to freak out and do something drastic. I'm encouraging all of my clients to abandon any semblance of a long-term strategy and to pull the trigger on whatever your emotions tell you to do."

At publishing time, Rosas had advised several clients to move all the money from their retirement accounts into something safe, like Bitcoin.

https://babylonbee.com/news/financial-ad...-decisions

[purplefaithful]

Not bad, Jimmy - not bad...

Almost as good as this one from The Onion
--------------------------------------------------------------------------------------

Parents Gently Explain to Child That Their Money in Heaven Now

HUNTSVILLE, AL—In an effort to comfort the child by telling her the funds had gone to a far better place, local parents Blake and Allison McKee gently explained to their daughter Friday that their money was in heaven now, sources confirmed.

“Honey, the reason we’re sitting you down today is because even though our life savings isn’t with us anymore, you don’t need to be scared, because it’s now up in the sky where the angels live,” said Allison McKee, putting her arms around a sobbing 10-year-old Harper McKee and assuring her that while their wealth wasn’t coming back, it was smiling down on them from the clouds.

“I know you loved the money very much. Daddy and I did, too. But don’t worry, your college fund had some really good years. Now it gets to enjoy its everlasting reward.

Shh, shh. It’s okay, kiddo. Hey, I know. Whenever you start missing our sweet little nest egg, just try to remember all the good times we had being middle class.”

At press time, the mother was reportedly attempting to console her heartbroken daughter by stressing that this was all part of the natural stock market cycle.