Black Monday:Nikkei stock index closes largest point drop in history in a single day 4,400 points

originally posted by: WeMustCare

originally posted by: FlyersFan

originally posted by: 38181

For those with 401K’s what do we do?, asking for a friend.

Just sit through it and wait it out. The market has dipped before.

I made people sign a note when they wanted to transfer out (against my advice) due to a market drop. All except the older clients regretted locking in their losses like that, a few months later. The Obama downturn, followed by a quick upturn, caused quite a bit of anguish.

Unless you are about to retire, there is no reason to be panicking. Further, if someone is that close, they shouldn't be invested that heavily in equities anyway. Markets go up and down. The key is to consistently keep investing as over time, you come out ahead. stay the course.

originally posted by: WeMustCare

originally posted by: FlyersFan

originally posted by: 38181

For those with 401K’s what do we do?, asking for a friend.

Just sit through it and wait it out. The market has dipped before.

I made people sign a note when they wanted to transfer out (against my advice) due to a market drop. All except the older clients regretted locking in their losses like that, a few months later. The Obama downturn, followed by a quick upturn, caused quite a bit of anguish.

Well if your in it, you should be in it to win it. The idea is if you are retiring soon or retired you are hosed if you didn't liquidate while it was high. I did that and Uncle Sam made out like a bandit, but we saw a need to have things like clean water available if something big happens. Now I see the percentage drop of things and realize we may have sold high and bought low as was the real plan. So, I am not buying much now and will get hurt on what we have left in our joint savings of stocks. If any have cash after this when the market is tanked, buying will be good if you pick something logical like a Cola stock can be when folks have money to spend.

Candidate President Trump says we have a choice..

Trump CASH -or- Kamala CRASH

gettr.com...

a reply to: Justoneman

You are very wise. I've been through these natural and manufactured up/down cycles numerous times, dating back to 1985.

This one is manufactured. The Oct 4th/Nov 4th reports will all be glowing (due to 45 days of ballot-casting in some swing states) Election day is Tues Nov 5th.

a reply to: WeMustCare

You are very wise. I've been through these natural and manufactured up/down cycles numerous times, dating back to 1985. This one is manufactured.

Why would they manufacture this one?

I assume you’re implying it’s for a political purpose, if that was the case wouldn’t they not want this right now ahead of an election?

Kamala is watching!!! 😀

originally posted by: CriticalStinker

originally posted by: Kaiju666

originally posted by: 0bserver1
a reply to: network dude
No maybe not , maybe a bit far fetched but if they have the power manipulate stock markets and even targeting certain groups that they know are closely related to Trumps legacy, we might understand that this again goes down that deeper rabbit hole ?

What will happen if around the elections a country or even the world heads to another recession one that takes years to recover from ?

I for one, believe this as high probability.

Possibility or probability?

If it’s a high probability it should be pretty easy to show the math.

Touche’. Possibility is ‘probably’ the more apt term to use. I suck at math. The only math I’m good at is knowing I’m in a world of hurt financially, with a wife (whom works as well) and 2 kids to worry about. And with a ‘possibility’ ‘probable’ that another Trump presidency will give an assist to the matter.

originally posted by: WeMustCare
a reply to: Justoneman

You are very wise. I've been through these natural and manufactured up/down cycles numerous times, dating back to 1985.

This one is manufactured. The Oct 4th/Nov 4th reports will all be glowing (due to 45 days of ballot-casting in some swing states) Election day is Tues Nov 5th.

I think next time, you too will see it coming a mile away.

It is cyclical, but it doesn't always come back real fast because some folks want us dependent on hand outs for food and shelter.

a reply to: Kaiju666

Kudos for seeing that.

But again I’m curious since many members have eluded to this being a move against Trump….

Why now? What tactical advantage is there to starting a tumble during an admin under the left ahead of an election?

Wouldn’t they want to wait till he is elected? Market and economic uncertainty is the worst thing for an incumbent party in power.

a reply to: WeMustCare

The top 20 drops in DOW history all occurred under Trump.

I just checked my stocks and they're up? Not thanks to stinking politicians, but at least I'm ignoring the doom & gloom .
Doom & gloom doesn't help anyone.

originally posted by: ScarletDarkness
I just checked my stocks and they're up? Not thanks to stinking politicians, but at least I'm ignoring the doom & gloom .
Doom & gloom doesn't help anyone.

They can only go so far down, but they could do it in steps. Like take your money and tank some more. I know I have been pausing my crypto purchases. They are tanking too.

Ready for NESARA?

I hope we are.

Sell short...bit risky but tons of fun.

markets.businessinsider.com...[edi tby]edit on 5-8-2024 by lilzazz because: (no reason given)