It's much better compared to the open.
Almost. Don't try to catch a falling knife.Panic at the Disco, great time to do some investments at discounts.
Now is a better time than a week ago, and time in the market beats timing the market, so now will be just as good as ever if you want to invest.Almost. Don't try to catch a falling knife.
Apparently another reason for the pullback is people buying on margin. (When isn't that a problem?) But this time they got their credit from Japan because interest rates on the Yen were low. Apparently this is known as a "carry trade".
And tomorrow we get a lesson as to why not to sell when the market is going down.Sold everything
Best prediction post of the year? Nikkei up strong today so far. Futures all strongly positive.Just remember how fast it can go from 10% up rest of the year, to worst crash. The opposite can also happen.
For long time investers it will just be a bump on the road.
Well, I remember some analysts saying in late 2023 that in 2024 stocks would be further down up to 15-20%, so my confidence in analysts is quite slim. For most investors they should simply stick to their strategy no matter what, and if you can't handle ups and downs and keep switching strategies, then maybe investing isn't really for you. So do not listen to media and financial youtube gurus because the flip-flop all the time, and if you panic, you'll probably end up losing more than you earn.As I mentioned earlier in this thread, the biggest problem was overconfidence all year long. We are all too stuck on traditional beliefs:
1) Election years are always up years (always doesnt mean always)
2) The Fed has our back (until they dont)
3) The economy is still strong (but weakening)
4) Inflation is down (but accumulated price increases have far outpaced wage hikes)
As a result, stocks did not have enough pullbacks this year and so we a mini one based on a black swan event from the land of the rising sun.
Exactly and with the end of '23 where everyone predicted '24 to be another tough year, it is really not that bad....Sucks if you're doing only short-term trades, but thems the breaks when you gamble., For long term people, year to date, the market is still up ~10%.
I just don't think you are looking at the data when you post things like that. I really truly think you are going off of either (a) feelings or (b) a limited data set from a bubble around you. Maybe both. Lets look at the last 5 years (before and after pandemic). Urban US prices, CPI-U, are up 22.7%. Or if you look at CPI-W, prices are up 23.3% in the last 5 years. But US wages are up even more, 25.2%. That does not translate into "price increases have far outpaced wage hikes".4) Inflation is down (but accumulated price increases have far outpaced wage hikes)
But trickle down...edit - and that's important not just on moral grounds but economic. The low end of the wage spectrum pretty much end up spending most or all of their disposable income. For an economy that's about 2/3's based on consumer spending, that ends up making things better for everyone.
But we have data by percentiles too. The data on that is clear that the largest increases (by percent) went to the lowest earners.The thing with wage increases is that they're not evenly distributed. They're averages calculated over all workers. So while you have some people backing up dump trucks of cash, you have others still working for minimum wage.
Fortunately we have a lot of states increasing their minimum in the face of the federal govt keeping it at 7.25. For example, here in NJ, it's just over 15 bucks. But right next door in PA, it's the fed minimum.
The point here though isn't to dispute the data but rather to show how you can have wildly different "vibes" about the economy.
Not to get into P&N territory, but that's one of the reasons the Ds have a huge advantage over the Rs. You know that the best we can hope for with Trump is maintenance of the status quo ante. But with moderately progressive Ds in charge, you can expect changes that will help what are often called 'the working poor.'
edit - and that's important not just on moral grounds but economic. The low end of the wage spectrum pretty much end up spending most or all of their disposable income. For an economy that's about 2/3's based on consumer spending, that ends up making things better for everyone.
Apparently, the economy actually runs on "piss up a rope."But trickle down...
Berkshire started selling off three months ago, so unless they knew something...Oh I didn't notice it, Google lost the antitrust lawsuit? No wonder why Berkshire sold their Apple stock.
You are correct. Wage changes are individual. So too with inflation; it is also highly individual. If you owned a house, then the housing price inflation had little to no effect on you. If you are healthy then medical inflation had little effect, etc. So, the net will certainly be wildly different from person to person.The thing with wage increases is that they're not evenly distributed. They're averages calculated over all workers. So while you have some people backing up dump trucks of cash, you have others still working for minimum wage.