Short term: a bad day on Wall Street.
That last sentence is the big one for me. We have been leaning on this for so long. Adding the Feds waiting so long to raise interest rates,. We are in a very precarious position right now. I'm not smart enough to know how it ends up, but it is pretty obvious that it could get bad.
Even though I am watching it pretty close this morning - more for curiosity and the spectacle of it, I learned long ago not to overreact at the sign of a correction. I still have 15-20 years and am still in primarily growth stocks, just not as aggressive as 15 years ago. I'm not really worried.
yeah, folks tend to over-react to short term news on stuff like this. i am heading to hong kong later this week for a trade show and it should be interesting to see what everyone's take on it is.
i think everyone is freaking out about china right now. seems like their currency devaluation last week caught everyone by surprise. i think things will bounce around in crap territory the rest of the week then start strengthening back up again once the newness of the chinese news wears off.
Yah, we've seen this over and over - knee-jerk panic, then calm when the bottom doesn't fall out.
For those of you young enough, that is true. The main reason I got out when I did was age. The older you get, the less time you may have for the market to recover. I held my breath and rode the market down and back up in 2008. IDK, but I may not have that kind of time and patience again...
Yah, my parents are in the same boat - iirc they're completely out of the market at this point. They might live 20 more years, but it's too scary to risk it.
