Originally Posted by ChiliConCarnage:
I looked at 7:30 this morning and was like :-) Not that we hadn't been due for a pullback or correction but we're going down like it's Covid again. I think the VIX was at 50 premarket
We've gotta be down 9-10% on the S&P nearly in a flash? I tried panic buying so I'd have more to panic sell later but Schwab has been offline all morning. :-)
Originally Posted by Miles:
I still can’t get into my Schwab account either. I checked Reddit and sounds like other major retail players like Vanguard and Fidelity are the same.
Lots of people got screwed by Schwab today missing a chance to reposition [Reply]
Originally Posted by Miles:
I still can’t get into my Schwab account either. I checked Reddit and sounds like other major retail players like Vanguard and Fidelity are the same.
I haven’t had any issues with Fidelity this morning. [Reply]
Originally Posted by scho63:
Saw this coming from a mile away.
We will have a 6-9 month recession that will take multiple fed cuts to flush out.
To be fair, their primary focus has been on getting inflation down - not boosting the stock market - and they seem to have accomplished that for the most part.
It's been a bit surprising that the stock market has continued plugging along over the past year in the face of some pretty negative economic indicators, so we were probably due for a pullback. [Reply]
Nikkei down 12% yesterday. Nikkei back up 10.5% now. That was a pretty wild deleveraging event. A lot of stuff had to find its way to cash seemingly yesterday. [Reply]
