Wild market. We haven't seen anything like this since the dotcom bubble burst.
Over the last 8 sessions, 115 stocks in the S&P 500 have decline 7% or more in a single day.
The average drawdown when that happens is 34%. Right now we're 1.5% below the all-time high.
Actual convo last week...
Me: Honey, we can't have a third of our retirement wrapped up in $ORCL stock. Dumb. Way too risky.
My wife: You sure about that?
Me: Sorry, just sold. I'm a pro. You'll thank me later.
(Technically, it IS later. No thank you, though)
Caught @TonyHinchcliffe and @joerogan at the Mothership last night. What I could see through the 10-gallon hat blocking the view anyway. Show was great, but the crowd? The Facebook comments section brought to life. “Lock up Fauci!” “Build the wall.” Consider this a PSA.
Still falling for the ol' Nigerian prince scam? Apparently so, considering that cyber crooks, using some rather low-tech scams, made off with $16B last year, per a report from the @FBI this week: reuters.com/world/us/fbi-say…#insurance#risk#hacking#cyber
"What we're facing is potentially comparable to Thatcher's first 2 years as PM [when] the U.K. experienced one of the deepest recessions since WWII. That's the kind of economic pain we could be talking about here, but potentially on an even larger scale"
He says he's mostly optimistic about the U.S. #economy, but you wouldn't know it from some of the points he makes in this compelling interview: insurancethoughtleadership.c…
Should the S&P 500 finish February higher, that would mean stocks gained in both Jan and Feb.
Rest of year? Higher 93.1% of the time and up 12.3% on avg.
Full year up nearly 20% on avg. Wouldn't that drive the permabears mad?