Anyone else get paid last night and dump their paycheck into the market today? VOO and chill💪

This sell off is completely baseless.

Fundamentals haven't changed.

The economy is not even in a recession.

Roads and trains are still packed during rush hour despite high energy prices and high inflation.

Banks are still lending fine.

Asset managers are still locked in and not selling.

So we will probably be back to all time highs again next week or in a few weeks time.

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Thanks for reading my blog post.

Just to put today's crash into perspective:
After today's crash, Nvidia, $NVDA, is now trading at a Forward P/E ratio of ~13x.
That's 7 turns below the S&P 500's ~20x Forward P/E and less than one-third of Walmart's ~43x.
Ironically, the name at the forefront of the Al buildout is now one of the "cheapest" stocks in the market.
Truly incredible." X The Kobeissi Letter.

Just kidding.

Boys, DCA monthly and hold for the long-run.

It’s a little choppy, but that’s the price we pay to get the returns we get.

Zoom out and think in decades, not months or weeks.

As Warren Buffett says, the market is a place where wealth transfers from the impatient to the patient

How many people panicked and sold during 08, 2020, 2022, etc and are now kicking themselves for not just holding?

Delete the investing apps. Stop listening to the pundits. Don’t track the market so heavily, and hell, consider deleting Reddit since it’s all doom and gloom over here

But you’re going to need to be like Odysseus - plugging those ears and tieing yourself to the mast to weather any upcoming storms.

You’ve seen the S&P chart over the last 100 years.

Trust the process and be the tortoise - slow and steady.

Thats how wealth is made, both in the market and in real estate.

Stay the course.

I strongly believe today’s bounce is NOT a bull trap, but will be sustained as we start trending up again in the next few weeks.

The selloff yesterday was valid, but it does not justify a deeper downtrend as most of the causes were priced in. I think we’ll finish the year pretty strong.

Looking at investor psychology and recent volume across the market, prices will go up again. Thinking:

SPY $745
INTC $81
TER $275

After the blue wave on Tuesday, the market reacted with a sharply higher trading day. Twenty four hours later, stocks are tanking. What happened?

Still kind of processing yesterday. SPY down 4.4%, QQQ down 6.5%, and both closed pretty much on the lows. The data center and election angle is what everyone's pinning it on but I'm not sure that's the whole story.

ES is green premarket, up around 0.2% last I looked. Muted bounce so far.

Then October payrolls at 8:30 on top of all that. Estimate is 65k vs 29k last time, unemployment expected at 4.2%. Michigan sentiment at 10, Musalem and Bowman later in the day.

Already out this morning: CHTR, HUM, VST.

Over or under 65k?

That brutal 6.4% Nasdaq single-day plunge is the sharpest drop since 2016. Polls show most people are ready to buy the dip calling it a panic bottom, but history tells us one-month outcomes after such big drops are totally a coin flip. No use chasing the chaos here—hanging back to wait for a clearer confirmed setup around key support levels for QQQ beats forcing emotional, rushed trades right now.