It's gonna be a hell of a day.

[George K]

[Jolly]

Gonna be interesting, fer shur.

[LuFins Dad]

[LuFins Dad]

So with everything going on sale, what are the best values?

[Axtremus]

@LuFins-Dad said in It's gonna be a hell of a day.:

So with everything going on sale, what are the best values?

DJT

[Mik]

Login to my accounts is unavailable. Not a great sign.

Doesn't matter. We'll ride it out, and I was expecting a drop anyway.

[George K]

[George K]

[George K]

[Mik]

[Mik]

Just logged in to Fidelity successfully. I had an HSA there.

[jon-nyc]

Just remember, the stock market is still substantially higher than it was at any point in the Trump administration.

[Mik]

I don't think the drop is anywhere near done. It would be nice, but a run up is usually followed by a drop followed by a run up followed by....

[George K]

@jon-nyc said in It's gonna be a hell of a day.:

Just remember, the stock market is still substantially higher than it was at any point in the Trump administration.

Yes, and the S&P was 1500 points higher on the day Trump left office than on the day Obama did.

[jon-nyc]

I have to sell a substantial amount of stock in the next month to buy a house. But I had intended to sell Asian and emerging market funds that hadn’t gained that much over the years and haven’t lost as much this week.

And about half of what I need I’ll get from selling NY tax exempt bonds, which are actually up this week.

The silver lining is I’ll owe less capital gains tax than I was anticipating.

[Jolly]

@jon-nyc said in It's gonna be a hell of a day.:

Just remember, the stock market is still substantially higher than it was at any point in the Trump administration.

Higher than it was under FDR, too.

[Jolly]

I don't think this is a minor correction. Recession on the way, if it ain't already here.

[jon-nyc]

You’ve been wishcasting a recession since January 21st, 2021.

[jon-nyc]

I tried to login to vanguard to sell some of those munis while they’re high but the site is having issues.

[Jolly]

@jon-nyc said in It's gonna be a hell of a day.:

You’ve been wishcasting for a recession since January 21st, 2021.

And at such an opportune time.