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WorkFE's Account Talk
- Thread starter WorkFE
- Start date
WorkFE
Well-known member
On June 9[SUP]th[/SUP] I wrote this:
"There is some room for cautious optimism here. The DOW & NASDAQ are still roughly 3000 pts off their highs while the S&P still has >400 pts to go."
In less than 60 days we’ve just about cut that in half. DOW sitting roughly 1400 points under the all-time high while the NASDAQ and S&P are about 1740 and 214 under their highs respectively.
We are not doing too bad.
"There is some room for cautious optimism here. The DOW & NASDAQ are still roughly 3000 pts off their highs while the S&P still has >400 pts to go."
In less than 60 days we’ve just about cut that in half. DOW sitting roughly 1400 points under the all-time high while the NASDAQ and S&P are about 1740 and 214 under their highs respectively.
We are not doing too bad.
WorkFE
Well-known member
Yesterday was a nice bounce back day, at least it halted that fade. I’m still on the “Let August Play Out” train, mostly sitting on the sideline.
Of course, we could very easily give it all back today. Watch your mouth.
Folks are still worried about the safety of their $$ in the Banking system. I think I read somewhere the % of those worried today is higher than it was in 2008.
I think a lot of that is due to the market outpacing expectations. Them bears are trying to cover their shorts.
Not helping is Moody downgrading M&T, Pinnacle Financial Partners, Prosperity Bank and BOK Financial Corp. and a bunch of other banks are under review. (Bank of New York Mellon, State Street, Northern Trust, Truist, Cullen Frost and U.S. Bancorp)
Those are some serious headwinds. Stay thirsty my friends.
Of course, we could very easily give it all back today. Watch your mouth.
Folks are still worried about the safety of their $$ in the Banking system. I think I read somewhere the % of those worried today is higher than it was in 2008.
I think a lot of that is due to the market outpacing expectations. Them bears are trying to cover their shorts.
Not helping is Moody downgrading M&T, Pinnacle Financial Partners, Prosperity Bank and BOK Financial Corp. and a bunch of other banks are under review. (Bank of New York Mellon, State Street, Northern Trust, Truist, Cullen Frost and U.S. Bancorp)
Those are some serious headwinds. Stay thirsty my friends.
WorkFE
Well-known member
Not gonna BS ya, these are some crazy anxiety ridden world conditions to bet, what is essentially, 33% of your retirement future.
I will continue future contributions in the three stock funds but I have the minimum I need in the G-Fund making 4.125%.
The consensus for the worlds financial viability is all over the map. Its hard enough to put a finger on the pulse of an economy that transcends the globe, but the heated rhetoric between world powers, major political parties inside superpowers and a global population that has become freakishly migratory makes it dangerously impossible. For those that were around in 2008, personally it was easy. The market was tanking, you either rode it down and back up through recovery or sold off, took a bit of loss and regained it all buying low and recovering.
This is different. Exciting times we live in but somewhat scary. There is always the mattress.
I will continue future contributions in the three stock funds but I have the minimum I need in the G-Fund making 4.125%.
The consensus for the worlds financial viability is all over the map. Its hard enough to put a finger on the pulse of an economy that transcends the globe, but the heated rhetoric between world powers, major political parties inside superpowers and a global population that has become freakishly migratory makes it dangerously impossible. For those that were around in 2008, personally it was easy. The market was tanking, you either rode it down and back up through recovery or sold off, took a bit of loss and regained it all buying low and recovering.
This is different. Exciting times we live in but somewhat scary. There is always the mattress.
WorkFE
Well-known member
I'll be out all next week, going to log some windshield time with the wife and go see the grandkids.
I have very little skin in the game at this point and have no intentions of increasing that other than future contributions.
There is support but it seems we step down, drive on it then drop in a pot hole to the next support.
Took a whooping in my retail stocks yesterday.
I have very little skin in the game at this point and have no intentions of increasing that other than future contributions.
There is support but it seems we step down, drive on it then drop in a pot hole to the next support.
Took a whooping in my retail stocks yesterday.
I'll be out all next week, going to log some windshield time with the wife and go see the grandkids.
I have very little skin in the game at this point and have no intentions of increasing that other than future contributions.
There is support but it seems we step down, drive on it then drop in a pot hole to the next support.
Took a whooping in my retail stocks yesterday.
Have a great time and enjoy those grandkids.
WorkFE
Well-known member
Great time with the Grandkids, as usual I need the stock market to perk up to cover my travel losses. :laugh:
Still mostly risk-off right now. Not sure when I will get the TSP out of the garage but I do need to blow the carbon out of it eventually.
We seem to be stabilizing a bit, no idea if that will last.
My retail stocks bounce back nicely since I left.
Still mostly risk-off right now. Not sure when I will get the TSP out of the garage but I do need to blow the carbon out of it eventually.
We seem to be stabilizing a bit, no idea if that will last.
My retail stocks bounce back nicely since I left.
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