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Dow futures collapsing

Discussion in 'Too Hot for Swamp Gas' started by okeechobee, Aug 4, 2024.

  1. jeffbrig

    jeffbrig GC Hall of Fame

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    No worries - I'm in it for the long haul. Had a relatively large cash balance accumulation in my wife's solo 401k, and I finally started dollar cost averaging into the market. The short term loss on a $35k purchase from Friday is dwarfed by our broader holdings. The plan was to do a few buys spread out, but I might go ahead and move more in on this dip. Or wait and see for few days and see if this is a significant change in market sentiment, or just noise.

    I'm pretty zen about market fluctuations. When 5 of the last 7 years have been +20% returns, a few percent dip isn't going to keep me awake at night...
     
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  2. AzCatFan

    AzCatFan GC Hall of Fame

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  3. NavyGator93

    NavyGator93 GC Hall of Fame

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  4. gatorchamps960608

    gatorchamps960608 GC Hall of Fame

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    Rebound already in progress, back up 500.

    Put your 2nd hand back on the keyboard, MAGAts.
     
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  5. gatordavisl

    gatordavisl VIP Member

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    northern MN
    [​IMG]
     
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  6. gatordavisl

    gatordavisl VIP Member

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    So then it's illegit, instead of snark. Got it
     
  7. PITBOSS

    PITBOSS GC Hall of Fame

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    interestingly Lowe’s is also down, but outperforming the market by a decent amount today.
     
  8. ursidman

    ursidman VIP Member

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    Bug Tussle NC
    Give me a wink and a nod when it's the right time. TIA
     
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  9. gatordavisl

    gatordavisl VIP Member

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    Could be both
    [​IMG]
     
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  10. okeechobee

    okeechobee GC Hall of Fame

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    It tried to rally late morning, but we're back down 1,000 on the Dow as of right now. Traders deciding that a recession is nigh.
     
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  11. NavyGator93

    NavyGator93 GC Hall of Fame

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    That is interesting. It has been an interesting stock. Sometimes bigger swings than the market, sometimes smaller but it has been a great stock and the dividends have financed all family travel for the last 15 years.
     
  12. WarDamnGator

    WarDamnGator GC Hall of Fame

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    The Lower interest rates that are surely coming at this point may equate to more home sales and people financing home improvement.
     
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  13. AlfaGator

    AlfaGator VIP Member

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    Right time for me might not be the right time for you:)
     
  14. VAg8r1

    VAg8r1 GC Hall of Fame

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    Not to mention increased auto sales.
     
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  15. ETGator1

    ETGator1 GC Hall of Fame

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    Could have been worse, say -3.25 like the other indexes.
     
  16. murphree_hall

    murphree_hall VIP Member

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    Tell what to Warren Buffett? Of course he knows that corrections happen, big and small.
     
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  17. NavyGator93

    NavyGator93 GC Hall of Fame

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    Yeah, obviously corrections hurt a bit but part of me being able to retire early was to take advantage of them (purchased a bunch in 2008, not at the low but low enough where it made me a bunch of money).
    I always taught my boys, "The time to buy is when there is blood in the street".
     
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  18. okeechobee

    okeechobee GC Hall of Fame

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    Worst single day loss for the S&P in 2 years after selling off a lot Thursday and Friday last week. But I understand why investors are heading for the exits. They are actually trying to put Kamala in charge of our shit. LOL. Let that sink in for a while. I went into fixed assets as well.
     
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  19. WarDamnGator

    WarDamnGator GC Hall of Fame

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    This is one of those rare situations where you may be partially right. For the last several months we've had what's called the "Trump Trade", with Trump almost guaranteed a win until 2 weeks, they were putting their money into whatever companies they thought would benefit from unregulated pollution, scams, fraud, bribery, and corruption that Trump would bring. Now, we are back to an uncertain future, so undoing the Trump Trade due to his flailing campaign may be part of this sell off, as Harris moves into the lead.
     
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  20. g8trdoc

    g8trdoc Premium Member

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    This is exactly right
     
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