DOW yesterday and Today
 

Looks like somebody will not be going on that second cruise this fall!

Fasten the seat belts we are IN some turbulence!

GooD thing most buildings Are one story.

Finally................all those experts predicting a correction for the last two years can say, "I told you."

Great time to buy.

Now let's move forward.

:thumbup:

Stock Market correction is over due according to many experts. Those that "short" the Market will do well and most long term investors will ride it out.

"Whether we are talking about socks or stocks, I like to buy quality merchandise when it is marked down," said Warren Buffett.

"Some" have said we're in for an economic implosion....bears watching anyway.

So, nobody has been listen to Ron Paul? :shocked:The fed can only prop it for so long?

Fed fed the market now what? Retirees liked 5% plus interest to balance out their portfolios. Now what? I worked with my advisor on Tuesday to rebalance my portfolio. Just going to hold tight.

Last time we saw 5% was the beginning of 2007. My portfolio got rebalanced Thursday and Friday.

The only ones making money is the advisers and firms the feed your money to. Check fee rate. They NEVER beat index market.:22yikes: at least not for your pocket. News flash the advisers are NOT looking out for your interest.

guess there will be no house buying in TV right now

I agree. Most financial advisers push unsuspecting retail investors into front loaded and high fee funds that, over the long haul, do no better and usually worse than a low fee, no load index fund. I analyzed a friend's portfolio for him, and showed him where is friendly financial adviser had him invested in 10 funds, half of which had front loads, all had high fees compared to Vanguard index funds (or any Vanguard funds for that matter). The real kicker was that he was also paying this adviser $6,000 per year for "account management".

I told my wife to hide all sharp objects for awhile. Our accounts took a re-adjustment also on Thursday and Friday. Boy, oboy.

Although the market is down 10% from recent highs and down 5.7% over six months, it is unchanged over the past 12 months, up 41.1% over the past three years and up 84.4% over the past five years.....a quote from online USAToday

That makes me feel a little better. At least I'll peek my head out from under the covers now.

I think it took 25 years for the market to recover after the 1929-32 stock market crash. I hope you all have the industry recommended allocations for retirement periods if you are funding your retirement with investments versus defined benefits pensions/SS. Just sayin'.