Dow is dropping like a stone and our stock is one of the biggest tumblers right now. It's not just Chevron, thing are looking bad all around...
https://www.theguardian.com/business/live/2018/feb/05/stock-markets-slide-global-sell-off-service-sector-bitcoin-business-live
Bizarre how many have zero understanding of how to really make money in the market. Make money up, make money down. But keep on keeping on, the money makers appreciate it.
What we’re seeing right now in this casino of a stock market, is nothing more that a big crew change. The pit bosses are changing out most of the dealers at the tables. Don’t worry, they’ll be shuffling the new decks of cards very soon. Get ready to place your bets.
WTF? I just pledged1.5T of my children’s future earnings to the 1% so it would be partly time in my 401k before I retired, and I get one month before it’s back to “overheated bubble” and “reference the long term trend line”. Maybe that was not such a great idea after all.
Needed correction after a few months of irrational growth... not to be a “curves guy”, but project the 2 year trend line and the DOW should be under 24k. Ten percent “corrections” happen on average every 16 mo. ... fundamentals are solid and this is just static on the line. This is what makes us all go “coulda, shoulda, woulda”... but in the end, on average, if you try to time the market you will lose. So go ahead and chase the tail of the bear and then the tail of the next bull if it makes you feel better, but not because it tends to pay off. I might rebalance in the trough (if it’s deep) but other than that I am a long term broad-based index fund hold.
Buy, buy, buy!
Can’t wait to add more shares of discounted CVX stock to my portfolio.
Just an emotional over reaction sell-off from the expectation of an interest rate increase from the Federal Reserve bank. The economy is doing great and a very small increase in interest rates is a good sign. I would not worry about it.