Black Monday on its Way
 

Hold on to your tutus, Black Monday has been forecasted.
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Futures Sunday evening are down 1700 points in a few short hours. Forecasts are at 22% on reduction of stock values.

1987 - not to worry when the market goes down 50% it only needs to go up 100% to break even.

Relax it only took 2 years for the market to recover from the 1987 dip.

Should I get up early to see if it comes true?

Understand lots of countries have contacted us to negotiate.

You can sleep in until 4 PM unless you wish to "rebalance".

Overnight futures markets are thin, Europe starts trading between 2 and 4 AM, US starts between 6and 7 AM, so its still early. Margin calls go out in the morning, so then the panic selling starts at the std market hours throughout the morning, by afternoon, possibly done.

The farther the market falls, the better the buying opportunity to get back into the market, which is the definition of buying low from selling high.

30% down from all time highs is slways a great buying start point.

Lots of cash on hand here, patiently waiting...

We all came into this world with nothing, and it looks like we'll all go out the same way.

Have faith

In what? Santa Claus? Tooth Fairy? Easter Bunny?

Have faith. Have hope. Ah, yes ... Have a nice day! 🙂

Amazing how many people never realize that.

Jerome Powell will speak some words Monday and the market will rally...YadaYadaYada..Rinse, repeat :)

What should I buy, what should I buy? *fluttering about *

Yes, this will be good fun.

But I do believe your "tutus" means "tuckus". Discuss. :duck:

I will believe all the hype when the US companies that moved their businesses abroad for the cheap labor and increased profits, bring their industries back home.
I am of the opinion that the wrong horse is being flogged.

It always goes back up. Buy low sell high.