And at least partially due to a Chinese firm facing bankruptcy.

https://www.cnbc.com/2021/09/2...market-sell-off.html

Not just because of this. And not just the dow either imho. And no I am not timing the market thank you very much.

The market has been bumpy all month. Today is no exception.

It’s my fault. I convinced my wife to pull out some money from savings and put it in the market….

quote:

Originally posted by ugeesta:
It’s my fault. I convinced my wife to pull out some money from savings and put it in the market….

You break it, you buy it.

quote:

Originally posted by ugeesta:
It’s my fault. I convinced my wife to pull out some money from savings and put it in the market….

Let us know the next time you wash your car, so we can bring our umbrellas.

Our accounts are down about 2% and it's still early.

Talked to our money manager. "Open a bottle of bourbon and hang on. It will hurt but you'll be OK."

Could open up some good opportunities too if you have some cash.

quote:

Originally posted by ulsterman:
Our accounts are down about 2% and it's still early.

Talked to our money manager. "Open a bottle of bourbon and hang on. It will hurt but you'll be OK."

Sage advice. The only people who will get hurt at those who panic and sell.

quote:

Originally posted by smschulz:
Could open up some good opportunities too if you have some cash.

Yes.

quote:

Originally posted by Flash-LB:

quote:

Originally posted by ulsterman:
Our accounts are down about 2% and it's still early.

Talked to our money manager. "Open a bottle of bourbon and hang on. It will hurt but you'll be OK."

Sage advice. The only people who will get hurt at those who panic and sell.

Yup. Pullbacks and corrections come with the territory, regardless of the cause. Look at what happened in the aftermath with past market meltdowns. Funny how the market in general always seem to wind up stronger and more positive when we come out on the other side of these selloffs.

If you sell make sure you have a plan to recognize when to buy back in. If you Market time using your gut you should be prepared to be disappointed.

This market is due for a solid 10% (maybe even 15%) correction! Just Sayin'...

quote:

Originally posted by nhracecraft:
This market is due for a solid 10% (maybe even 15%) correction! Just Sayin'...

It is well on its way.

The market needs a good cry. and I don't mind seeing the Chinese take it in the teeth a bit.

I'm tracking JAZZ, PEBO, MO, WBA.

Nothing for sure but uncertainty so proceed with caution.

Everything is down. Just hang on.

quote:

Originally posted by BBMW:
The market needs a good cry. and I don't mind seeing the Chinese take it in the teeth a bit.

Yep.

What I find interesting is that the US is generating no shortage of negative news, and the markets have largely shrugged it off. But China has problems, and they go into a tailspin.

If you look at Evergrande Group, their worth has been declining for the past year.