Legal Bill

I decided it was too late to sell. My 401K has rules about selling and then buying back in. I don't think it will fall too much further... Hope I'm right. But today sure turned ugly.

MsPerky

Worst Christmas Eve trading day in history.

Lainey

It's pretty ugly for sure. People in DC need to stop talking and tweeting.

trapper

S&P500 and NASDAQ closed in Bear Market territory. DOW30 is close but still a couple hundred points above that level.

tof

So what's going on here? Most economic indicators still remain strong even as the Dow hits a low not seen since 2017 after a 5000 point free fall in the last quarter. Is this just the market reacting to the political wrangling in Washington? Is automated trading showing its dark side again? Or are other more fundamental factors at play? Any ideas?

skunkworks

It’s interesting that my wife’s financial advisers are all over the place. Three months ago they called or emailed at least twice a month advising her to move more of her fixed assets into equities; today she has no financial advisors contacting her. I'm with Lainey...my cat could do a better job of forecasting our investments.

Lainey

I was "this close" to dumping a mutual fund that is on the tech heavy side. Wish I had gone with my gut. The downward trend is re-balancing our account. Hopefully, this downward trend will reverse itself. Lesson learned go with your gut and if you don't have a strong stomach, keep the percentage of equities in your account to an amount that allows you to sleep.

dlq04

I think what we are seeing is investors panic . . . There has been no end to the poor outlooks for most economic areas due to uncertainty in most sectors (interest rates cutting profits, oil glut, global demand drop for products and services, dozens of key white house positions unfilled, constant media attention to political battles, auto industry issues, energy sector issues, etc., etc., etc. Now we are seeing the bandwagon effect down a dark slope. And, of course, we have the "computers" of major financial entities that can trigger huge changes in micro-seconds for quick profit taking.

boltonblue

I'm usually pretty quick to wave the flag about high velocity trading.... but I'll give 'em a pass.
I'll agree, I think the market is responding to the ongoing future uncertainties.
non-zero interest rates and rising, the mnuchin calls to banks over the weekend about liquidity ( like wtf?)
I'll avoid the rant.

S2KRAY

Fear and greed drives the market. I think this is the fear cycle. So glad I am not in it anymore. I will sleep well tonight. At least it cant fall tomorrow. Merry Xmas America.