Dow has dropped to more than 500 points down in just a couple hours
You might as well fasten your seat belts because the ride is not over. It really doesn't matter who wins the election. Their hands will be tied for the next 4 to 10 years trying to unravel the mess. Most of us with 401K accounts or retirement accounts can call them history. Yesterday if you had $100,000 in your account before you would have had less than $70,000 on Wednesday. God I feel like I am at SIx Flags and just ate a bunch of nachos before going on the Batman ride.
Bad thing is if you sell right now you have lost it for sure. Do you hang on to try and regain what is lost? Do you take part out? Can you move it to more secure investments? This could be a less than Merry Christmas. My youngest kid was just bitching to me that his video card in his computer was too old and he needed a new one because all his friends had better stuff than him. I told him to stop his F___ing mouth from moving and be glad he has food to eat.
I really question if some of our young people will have the will to live if their beloved video games are gone. No Pizza Hut, No Taco Bell, No Big Macs oh my God what is going to happen to us?
I still can't get over how much of a crock that was; did they really think it would do anything?
I don't think it'll get quite that low, but what the hell, we're all just guessing HOW FAR it'll fall, not if it'll fall.I figure it will hit bottom somewhere between 2700 and 3500, just a guesstimate.
This is not coming from anywhere but my own opinion, and I am not a market whiz.