DJIA down 807points, S&P big 3.51%, Nadq down bigger 5%.

[empedocles]

Big Tesla down 18% in 3 days. The pop leaders of this 'boom' are down sharply.

Could be just 'overdue correction'?

Could be weeks long, further weakening of underpinnings.?

[This quite suspicious, gigantic bubble, supporting traitortrump's 'strong economy' claims, will pop. The question is when. My preference is for September 2020].

[Thekaspervote]

1. It hurts a lot of people's retirement including mine, I'm sorry for that. If it helps tank dotard

Then I guess “it is what it is!”

Suck on that you fool!!

[empedocles]

2. Does not have to hurt. Many retirement funds offer low risk options. Many can

transfer retirement funds out of expensive, company retirement accounts to individually/self owned and directed funds, such as t-bills [whose fees are far lower than other funds].

See:

'Can I Transfer Funds From My Employer Retirement Account Into a Self Directed IRA?
By Eric Bank, MBA, MS Finance
CAN A PROFIT-SHARING PLAN BE TRANSFERRED TO AN IRA?
You might be able to roll funds from an employer plan to an IRA.
Employer retirement plans and individual retirement accounts share a common goal: to spur you to into saving and investing for you later years. You are indeed allowed to transfer funds from an employer retirement account to a self-directed IRA, but the transfer must clear a few hurdles. Only an employer plan qualified by the Internal Revenue Service can be transferred to an IRA. These plans include 401(k)s, 403(b)s '

[My recommendation is to get out of stocks - tomorrow. Thats just me though.]

[Walleye]

3. Same here. I am ambivalent about the stock market

[ProfessorGAC]

5. S&P Went Up...

...16% annually over Obama's time in office.
Then around 11.8% under PINO.
This one year of negative growth meant 401ks tied to the indices still made 15% per year, over 11 years.
Your 401k is already ahead of historical average.
One bad year isn't a retirement killer.
That said, a significant correction may be coming.
The floated fed money (corporate bond purchases) is not a sustainable support lever, and econometricians are saying aggregated microeconomic models do not support current market pricing. They're at least 5% above the upper limit of the equilibrium range.
Absent that fed money, the correction that was triggered by COVID would not have seen the rebound we experienced.
Likely it's overvalued by closer to 12%.
But, that would still lead to more than 10% annually over 11 years.

[ck4829]

4. Kick

[empedocles]

6. If they can keep the S&P pumped up near these levels, that is a huge plus

for traitortrump. Voters get there quarterly reports in October, showing at least ok, or minimum losses in their 401ks, etc. Certainly possible - though the hi-flyers, who are market leaders, have been shakey.