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Global stock markets plunge - CNN (www.cnn.com)

submitted 1 month ago by [email protected] to c/[email protected]

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US stocks plunged on Monday morning as Friday’s dismal July jobs report continued stoking fears that the US economy is on shaky legs.

The Dow plunged 1,072 points, or 2.7%. The S&P 500 fell 4.1% and the Nasdaq Composite sank by a whopping 6.3%.

The Cboe Volatility Index, or VIX, which measures bets on expected stock market volatility, surged to 55. The last time the fear gauge hit that level outside of the pandemic was the Great Financial Crisis, in 2008.

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[–] [email protected] 1 points 1 month ago* (last edited 1 month ago)

lmao

Are the plutocrats going to crash the economy every time a black Democrat gets close to the presidency?

[–] [email protected] 0 points 1 month ago* (last edited 1 month ago) (1 children)

This happens every time I set up automatic deposits into an investment account without fail. I’m already contributing heavily to a 401k and won’t be retiring any time soon, but whenever I set up this “side” account stocks plunge.

Super annoying

[–] [email protected] 0 points 1 month ago (1 children)

Wouldn't you want to buy more during a plunge anyway? But low sell high and all that

[–] [email protected] 1 points 1 month ago

I think they mean that they auto bought right before the plunge and are now frustrated because if they had procrastinated a few more days they would now be in a position to buy low with the same money.

That being said, trying to time the market tends to be a losing game for retail investors, as statistically the market is more likely to rise than fall, so earlier is better unless you have better information than the people paid full time to study the market have.