General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsDow Jones trading is showing a downward spiral amid Iran War and Oil prices.
Since closing bell yesterday at 47,954.74, the DOW is currently at 47,334.75
−619.99 (1.29%)today as of 12:15 EST.
Watch this space. Those with 401k's invested, are in for a bumpy ride.
bucolic_frolic
(54,812 posts)because anything can happen over the weekend in the war. A pattern to watch for.
Johonny
(25,996 posts)Goonch
(4,713 posts)
ProudMNDemocrat
(20,817 posts)What is the prediction that the DOW will close even lower?
GreatGazoo
(4,548 posts)as the saying goes but that only worked for oil futures. Stocks not down nearly what they would be. Monday dip was bought instantly. QQQ (Nasdaq) was $602.10 on Monday and it is $603.60 right now, basically flat.
Oil has finally spiked but I many things can reverse that: end of Russian oil sanctions, more Venezuelan oil pumped and refined, more Canadian supply, a cease fire announcement, etc. LNG was the only surprise and that hurts UK/EU more than it does the rest of the world.
OC375
(704 posts)The market has been driving to much of the world, for too long.
Johnny2X2X
(24,041 posts)Got our bonus today, that means a good chunk goes in my 401K Monday, around $8K total. The more it falls, the bigger the bargain for me.
But we're looking at a serious downturn, the jobs numbers spell doom for working people. I am hedged against risk in the funds I am in, and I have 10 years to recover modest losses. Unless you're very close to retirement and way too heavy in equities right now, just be patient. Stay the course, a Democrat will come in and rescue the economy, they always do.
ProudMNDemocrat
(20,817 posts)I met with my financial advisor the other day and he showed me the graph that even during these times of great uncertainty, I will be just fine. My late husband looked out for me.
Others may not be so lucky. Still with closing bell, lower than yesterday.