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Been through similar swings, watched six figures evaporate on paper in 2022, only to claw it back over the next two years. These days I try not to react emotionally, but if things really crash again, it’s good to know what recourse exists when a brokerage or advisor drops the ball. I bookmarked this resource on securities litigation just in case. Sometimes it’s not the market, it’s the people managing your money.
I gave up trying to figure out the market. It's nutso, no rhyme or reason. We puny little retail investors aren't the ones driving the market, even though with the panickers and the FOMO crowd, retail investors contribute to the swings. It's those damn computers! All the preset markers that trigger with minor moves, turning the minor waves into tsunamis!Quote:
Originally Posted by Kentucky Derby 2017
Some pundits are predicting a 25% drop in the stock market Monday on the news of our attack against Iran. 25%?? Nah, I doubt that, although there'll probably be a shakeup in certain sectors. Of course, we are more than 24 hours from the opening of the market Monday morning and something else could happen still. But it will take something huge and catastrophic to truly scare investors. I think this event will actually lead to more stability in the Middle East and in the whole world as other bad actors (China, North Korea...) just saw what Trump will do when pushed. And the stock market loves stability and predictability.
But, I will be ready with my finger on the trigger to go bargain hunting Monday should the market sink.
Nope! world markets barely even reacted to the weekend events. Good.
Oil futures are up but that was expected. But short-term oil prices are down today.
The market is down this week, not bad, but down some. But, the big DOWN month looms. Yes, September is historically the worst month for the stock market. It is the only month with an overall, historic loss, losing an average 4.5% annually. This data dating back since they started tracking this metric in 1986. But analysts conducted research from the historic record going all the way back to 1900 and found, yes, September has always been the worst month for the market. The second worst month is February with a historic average of 0.2% growth (green). Not very good but at least still in the green. September remains the only red month for the market.
But, 2025 could be different. First, a lot of market correction is occurring right now, and some pundits are saying the Fed will drop interest rates in September and that will be good for the market. We shall see! But, just a little caveat, September is typically a bad month for stocks. Play it accordingly.