the dow is down 358 points....trump will be bragging about it tonight

[spanone]

after down 177 yesterday.....

[cilla4progress]

1. Zactly

[malaise]

2. Hmmmmmmmmmmmmmmm!

He must be redacting every mention of markets about now

[Iliyah]

3. Maybe investors are finally seeing that t-rump and the GOPers

are destroying the USA? Nah.

[underthematrix]

4. Great news

#BreakTheEconomy

[MichMary]

29. Seriously? n/t

[underthematrix]

30. Yes seriously

[MichMary]

31. I shouldn't have to ask, but

why?

Just because it looks bad for tRump, you want ordinary people, middle class, retirees, etc., to lose their own $$$$?

[underthematrix]

32. I'm going to suffer too but it's all worth it to take down the piece of shit in the WH

[MichMary]

35. Nope.

If he can be taken down via the Russian investigation, the various state lawsuits, money laundering, his misogyny, his racism, whatever--that's great. Destroying the retirements, college savings, companies that employ thousands, etc., that's out-of-bounds. It. Isn't. Worth. It. We can put up with the Orange man for a few years, rather than bring on another Great Depression.

[m3n0z]

5. I have senior co-workers with 401k

Retirement accounts, they are praying for more dips and spikes to get to retirement sooner.

[brewens]

6. One thing you can do if you're worried is move your 401k money into a money market fund.

I think that's what it's called. I'm really no expert but it's a fund that is managed to maintain $1 per share. I think all 401k's have them. It's the equivalent of if you could cash out with no penalty. If you're convinced it's going to really crash, hide the money in there until you're convinced we hit bottom.

You can't just play with that like a day trader though. Most of the funds have rules attached, like you have to wait 50 days after pulling out to buy back in.

[Yonnie3]

8. Money market funds typically earn less than inflation, so they are not really loss free.

Placing all your money in the money market out of speculation that the market will crash is not a good idea unless you need all that money soon. It is also impossible to know when to put the money back in the market. After the markets are doing well is too late.

A balanced portfolio of stock funds and bond funds will weather market ups and downs in the longer term.

[A HERETIC I AM]

9. Every custodian of a 401(k) has slightly different rules

but most allow at least one trade a month. Some restrict selling out of and then buying back into the same fund for longer periods, but for the most part, 50 days would be extremely unusual.

And yes, the plan that does not have a Money Market or similar "stable value" fund is a rare bird indeed.

I must say however that since you indicated "I'm really no expert" it is imprudent to suggest to complete strangers how and when to make such a trade.

The fact is, a 401(k) that is regularly contributed to out of each paycheck is the definition of "dollar cost averaging" and therefore buying shares on the way down as well as the way up leads to higher overall returns.

[brooklynite]

20. First - moving your assets out of securities (or mutual funds)...

...triggers capital gains taxes.

Second - as mentioned, money markets pay minimal interest.

Third - you should never try and time the market. Invest for the long-term or don't invest at all.

[marybourg]

34. Not in a 401k it doesn't. Or an IRA,

Or any tax deferred type of account.

[Blue_Adept]

7. When the DJIA was under 10,000 as a norm, that might be a cause of interest

But seriously, that's what, between 1-2% down at most?

I wish people would get some fecking perspective.

[Yonnie3]

10. Yep.

I hope it stays down a few days so my reinvestment of dividends get a lower price.

[spanone]

11. it's a cause of interest because the 'president' refers to it's ascent almost daily

[Blue_Adept]

12. No, it's because people are conditioned to freak out about everything

and not actually thinking anymore.

[spanone]

13. No.

[Blue_Adept]

14. Not everything is about trump. Once you make everything about him, there's no actual discussion

[spanone]

15. you miss the entire point of this thread...thank you.

[Blue_Adept]

16. Not every threat stays on topic

But you're welcome.

[Doodley]

27. When a fascist, bigoted, village idiot becomes president, everything IS about him.

[Yo_Mama_Been_Loggin]

17. The Dow is not the best indicator

The S&P 500 is probably a better one since it covers more stocks. Still that isn't doing that well either.

[spanone]

19. it's trump's indicator.

[ProudLib72]

18. Sorry spanone, you're wrong

It's down only 239 points over the past two days.

[spanone]

21. explain.

[ProudLib72]

23. just think about the info from his physical...

[spanone]

24. aahhh...little slow today

[Brother Buzz]

22. I believe it will be less then a three-hundred point drop (high two-hundreds) by the closing bell

So there's that.

[spanone]

25. -362.59

[Brother Buzz]

28. There's a reason I'm not a day trader

[spanone]

38. i was pulling for you!!!!!

[unblock]

26. no joy here. it's still a strong month despite this.

and after two bad days, it's likely to go up tomorrow, *after* his speech.

i really don't think there's anything to gain here rhetorically.

[eleny]

33. is it the problem with the bond markets that's bled over to the stock market?

[Brother Buzz]

36. That, and instability in the health care stocks

Health care stocks dragged the market lower on Tuesday after Jeff Bezos, Warren Buffett and Jamie Dimon unveiled a plan to get into the health insurance business. UnitedHealth (UNH), CVS (CVS) and Walgreens (WBA) shed between 4% and 5% apiece.

[eleny]

37. I heard about the Bezos et al move

Sounds like they could shake up health care. Those guys have the money to do some moving and shaking. Seems like this is one of the big stories to be following in the day ahead - as we try to wade through the Trump crap-fest.

Thanks!