I assumed that this means that you were asking a rhetorical question and voicing your disagreement with the status quo of the rich getting richer and were seeing the stock market crash as an opportunity to end this trend.
Like I said before I’ve been through four crashes so far. I’m older and this one sucks a bit more but it’s par for the course. I got in post dot com bust.
I was buying low for two years. Then 2008 rolled around. lol
But by then I was fine, three years of outstanding dividends.
I know some people compare with others, how they trade, what they trade— I just don’t. I know I like being in control of my dough. And I know enough about the market to know how to respond when it gets ugly. I’m buying now.
Millions of people will automatically invest money into their 401k next week. Good for them. Cheap shares. When I was poor I learned that first, gotta be in it to win. 25ish years later— yeah, it works.
I completely changed my 401k after COVID crashed the market, 80% tech, ba-bam!
When I wrote about buying back in on Monday I got a PM asking if I was nuts.
My son and I both see opportunities… long term. There might be further downturns but the markets are so far down that it’s worth a long term buy across a broad spectrum of stocks. Anyway there is no loss if you buy in and the market drops more if you do not panic and sell.
Not yet I was at a community meeting today where Police and community leaders were advising people about fraud scams, that they will be fined for not wearing helmits, drunk drivers will get 90K fines and the cars plate suspended for two years.
Just got home to see stocks in Taiwan and Japan took a huge hit today.
Oil prices are also plunging.
U.S. stock futures opened sharply lower late on Sunday, suggesting a continuation of the two-day selloff that wiped trillions from equity values after the Trump administration’s tariffs announcement last week.
Investors had been anticipating another week of turbulence as global trading partners react to the harsher-than-expected tariffs. U.S. S&P 500 E-minis stock futures were last down 4%. Dow E-minis were down 3.8%, while Nasdaq 100 E-minis were down 4.6% at the open on Sunday.
Probably a good idea to wait at least until the US market opens if one is planning to buy today.
It wasn’t a lie. It was a misinterpretation of news orgs trying to be first, that corrected the story when they got clarification (which actual fake news often doesn’t do).
Trump said he would impose an additional 50% duty on U.S. imports from China on Wednesday if it did not withdraw the 34% tariffs it had imposed on U.S. products last week. Those Chinese tariffs had come in response to 34% “reciprocal” duties announced by Trump.
And China does not seem to be willing to take back their retaliating tariffs:
China’s Commerce Ministry said it “resolutely opposes” U.S. President Donald Trump’s threat of escalating tariffs, and vowed to take countermeasures to safeguard its own rights and interests.