Did it crash or is it about to crash?

I bought VOO previous week but it just dropped.

Your opinion?

If you consider a 4% drop from an ATH reached last month a market crash, then yes.

Brah lol

When others are fearful, be greedy. Start buying up stocks at discount.

*discount to like 3 months ago

I agree this is probably a buying opportunity, but IMO stocks have had such a huge run up that even after a 15%+ decline from ATH in Nasdaq, the index is still up 14% year over year.

Do you think it might drop more?

Obv no crystal ball but i think further downside is capped, IMO you won't see more than 5-10% down move from here. Personally i'm buying this morning, but dollar cost averaging, not blowing full load

There's just a lot of risks right now, but some of the below will 'ease' and you'll most likely see people piling back into markets

recession
yen carry unwind
Iran response

This post was edited by ofthevoid on Aug 5 2024 07:47am

jerome powell walks the earth

dow jones industrial average weakens

I don't quite understand why it's happening though. People are still spending and I don't see it slowing down anytime soon. So is it just fear or is there actual risk?

unemployment has ticked up

fear/risk of runaway unemployment perhaps, fear of recession


“the fed waited too long to raise rates, and now even if they do it’s too late to prevent incoming recession”

well see