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NASDAQ Now Down 24% YTD

hank
edited August 2022 in Other Investing
YTD Numbers from Bloomberg on 8/30

Dow -12.51%

S&P -16.37%

NASDAQ -24.04%

Them’s some serious losses. Today commodities got crushed. Many funds or stocks in that sector off 2-4% for the day.


Added a little to the pulverized metals & commodities sector today. Follow the action below.



Comments

  • CrashCrash
    ya, hey????
  • Sven
    S&P500 reached -20% loss in June. Will it retest the bottom agin. In the past, the month of September has not been good to the stock market.
  • hank
    edited August 2022
    Sven said:

    S&P500 reached -20% loss in June. Will it retest the bottom agin. In the past, the month of September has not been good to the stock market.

    The following chart of Bear Markets since WWII is sobering. (This is not a prediction.)

    https://www.isabelnet.com/u-s-bear-markets-since-world-war-ii/

    My dumb toilet analogy depicts what it feels like to add money to an asset class that’s “enjoying” a downtrend. But if you believe in rebalancing that’s part of the game. Take the lumps along with the cherries.

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