Go ahead and block your brokerage account website for the day

[Recursion]

This is about to get ugly

[Turbineguy]

1. The Trump Economic Miracle is taking shape.

[spanone]

2. FUTURES -388

[Johnny2X2X]

3. Dow sinking

Bull market is over and the DOW will finish the year negative. Storm clouds on the horizon.

Unless you’re close to retirement, no reason to pull out. Keep your 80-20 stock fund to bond fund ratio, it will come back.

That’s what they’re banking on, that regular people will panic and sell low.

[Cosmocat]

4. Honestly - getting out ahead of the dip is the way to go if possible

hold your capital, wait it out, and buy back in when it looks to be bottoming out.

[Recursion]

7. Never ever try to time the market

If you're under 60, just enjoy the bargains a correction presents you. If you're over 60, you shouldn't be heavily exposed to equities anyways.

[Cosmocat]

9. sigh - yes, that cliche

I didn't say micromanage day to day.

No reason to ride a downslide when it is clearly oncoming.

You think the big money people do that?

[scheming daemons]

5. Trump will blame this month's market correction (soon to be crash) on Democrats

...saying that the prospect of Democrats taking congress is "spooking" the markets.


In reality..... tariffs are starting to have a major impact on many companies and their bottom lines.

[scheming daemons]

6. Earnings of major companies taking a hit because of tariffs....

https://www.cnbc.com/2018/10/23/caterpillar-earnings-q3-2018.html


The Trump economic "miracle" is about to kick all of us in the ass.

[Recursion]

8. 3M just shat the bed too

And 3M's not very trade-dependent: that's as secular as a company gets (I think they're still smarting from that hammering they took earlier in the year)