[Rainger99]

Yesterday, the Dow was up 1,569.40 points which was the 5th largest single-day point gain in the history of the Dow Jones Industrial Average.

As of today, it is down 1,615.82 points.

Is this the big one that people have been talking about for years?

There are some people with a financial expertise on this board. Would love to hear your comments. Ride it down or sell and go 100% cash? 50% cash and 50% stocks?

If the market fell by 20%, how would you be affected? How about 50% or 90%?

The only good news is that our RMDs will probably be smaller next year!

[BrianL99]

Originally Posted by Rainger99

Yesterday, the Dow was up 1,569.40 points which was the 5th largest single-day point gain in the history of the Dow Jones Industrial Average.

As of today, it is down 1,615.82 points.

Is this the big one that people have been talking about for years?

There are some people with a financial expertise on this board. Would love to hear your comments. Ride it down or sell and go 100% cash? 50% cash and 50% stocks?

If the market fell by 20%, how would you be affected? How about 50% or 90%?

The only good news is that our RMDs will probably be smaller next year!

I was up 5% yesterday, down 2% today ... so still up almost 3% since Tuesday ... almost enough to pay for this year's golf.

[dewilson58]

Who watches the DOW??

[Rainger99]

Originally Posted by dewilson58

Who watches the DOW??

The general public usually follows the Dow more closely than other indexes. Professionals usually use the S&P or the Nasdaq. I assume that most people on TOTV are not professional investors so I expect a large number follow the Dow.


S&P 500 -4.4%

Dow Jones -3.4%

Nasdaq -5.2%

[Pugchief]

I'm hardly an "expert", but I have no doubt this volatility is related to the recent election. Uncertainty drives fear.

[tophcfa]

Was very surprised the markets jumped the day after the election, go figure???? Today’s one day correction wasn’t a surprise, who knows what tomorrow will bring?

[Caymus]

Need to see what happens to bonds as an alternative.

[Sparky99]

Volatility until the data center issue works in way thru the economy.

[G.R.I.T.S.]

Originally Posted by Rainger99

Yesterday, the Dow was up 1,569.40 points which was the 5th largest single-day point gain in the history of the Dow Jones Industrial Average.

As of today, it is down 1,615.82 points.

Is this the big one that people have been talking about for years?

There are some people with a financial expertise on this board. Would love to hear your comments. Ride it down or sell and go 100% cash? 50% cash and 50% stocks?

If the market fell by 20%, how would you be affected? How about 50% or 90%?

The only good news is that our RMDs will probably be smaller next year!

Surprised the market is down? 🤦🏻*♀️

[zuidemab]

Originally Posted by midiwiz

Yes the issue that has been lied about in large proportions. Now on the forefront, face it the simple fact that the left doesn't want datacenters is a visible sign they'd like China in charge.

Now we get to see how fast Buyer's remorse sets in as we watch everything we count on for retirement to waste away and everything we live on skyrocket in costs. Including the BBB being repealed.

As for cash it in etc? it depends on your portfolio and it's basis vs. gain vs. % of loss yesterday. I can't mine is significant so I have no choice but to cry and suffer.

Probably right. Definitely time to fall on our swords 🤷*♂️ All is lost 😭.

[zuidemab]

The big uncertainty

[MrFlorida]

Wall Street Roulette. Nothing new.

[Pondboy]

Originally Posted by midiwiz

Yes the issue that has been lied about in large proportions. Now on the forefront, face it the simple fact that the left doesn't want datacenters is a visible sign they'd like China in charge.

Now we get to see how fast Buyer's remorse sets in as we watch everything we count on for retirement to waste away and everything we live on skyrocket in costs. Including the BBB being repealed.

As for cash it in etc? it depends on your portfolio and it's basis vs. gain vs. % of loss yesterday. I can't mine is significant so I have no choice but to cry and suffer.

How about we put a data center in your back yard?? Hook it up to the grid and raise our electrical bills (if not managed correctly) and use millions of gallons of water to cool the units….are we still in a drought? Let’s not forget about destroying the rest of the natural environment ; wildlife, forests and noise pollution.

China so far ahead of the US on so many fronts. I was reading the other day where they were operating data centers underwater….utilizing sea water to cool the units which were driven by wind power……Dang, Thats smart!

[CrosbyStills]

Originally Posted by midiwiz

Yes the issue that has been lied about in large proportions. Now on the forefront, face it the simple fact that the left doesn't want datacenters is a visible sign they'd like China in charge.

Now we get to see how fast Buyer's remorse sets in as we watch everything we count on for retirement to waste away and everything we live on skyrocket in costs. Including the BBB being repealed.

As for cash it in etc? it depends on your portfolio and it's basis vs. gain vs. % of loss yesterday. I can't mine is significant so I have no choice but to cry and suffer.

'Cept for the fact that many of the youth who favor these policies do not have retirement funds, do not invest, will not or cannot buy homes, do not have jobs with standard benefits like health insurance, etc. They do not care and believe that the "boomers" or older retirees and corporations should pay for their Starbucks double-mocha 4-shot venti crappachino.

There will be minimal remorse.

[retiredguy123]

Originally Posted by midiwiz

Yes the issue that has been lied about in large proportions. Now on the forefront, face it the simple fact that the left doesn't want datacenters is a visible sign they'd like China in charge.

Now we get to see how fast Buyer's remorse sets in as we watch everything we count on for retirement to waste away and everything we live on skyrocket in costs. Including the BBB being repealed.

As for cash it in etc? it depends on your portfolio and it's basis vs. gain vs. % of loss yesterday. I can't mine is significant so I have no choice but to cry and suffer.

Correct. I have been investing in the Vanguard S&P 500 Stock Index fund for so long that, if I cashed it in, 92 percent of the current balance would be subject to the long term capital gains tax rate.