Dow is down 9.22% since it's recent peak on February 10. S&P is down almost 7% since January.

Everyone should log onto their 401Ks today.

Calm down, lol

There's two ways to look at that, imo which I could be completely wrong about since I never studied the subject.

I believe like you insinuated that the strait being shut down is causing fuel to go back up and in turn inflation along with it. I'm not sure how much an interest rate cut will compound that but having sold property's a couple years ago I saw first hand how it impacts people borrowing money for homes or anything else.

This thread started out about Trumps pressuring of Powell?

Above a couple posts you say the new guy is only one of twelve so he won't have the say I assume, so why the worry about Trump pressuring Powell, only 1 of twelve?

Don't want to argue, just confused on thoughts.

IMO this is not a bad thing. The market has been over-inflated for a long time. A correction, which I am not even sure you can call this.......was long overdue. I'd much prefer to see a gradual correction like this than to watch an AI bubble burst. Overall, I am up a bit YTD on my accounts.... not by much but a bit. But I dabble in options. Lot of great buying opportunities yesterday!!

This is not a market correction caused by market conditions.

I am not sure I understand. What do you consider to be "market conditions"??? In my albeit limited experience, the market is influenced by everything! Politics most of all. I'd have a seriously hard time not considering politics to be a "market condition" as it is the one I watch most closely every day........

I consider sudden political decisions to be external factors affecting the economic environment. We may be splitting hairs as those political decisions contribute to risk which can be a condition.

My point was that the markets were up almost 10% more before the instability and other issues created by the current political decisions--love them or hate them. The drop was not because the market was oversold.

I actually think you both mean the market was overbought....not oversold. Oversold generally refers to a condition seen during corrections rather than rallies.

If the SPX is currently down about 7% from the high that really isn't much considering the last three years have seen increases in the 17-20 % range

I actually think you both mean the market was overbought....not oversold. Oversold generally refers to a condition seen during corrections rather than rallies.

If the SPX is currently down about 7% from the high that really isn't much considering the last three years have seen increases in the 17-20 % range

Thought One: Thank God for the Courts.

Thought Two: We cannot have a Fed that is a puppet of the President--whoever that President is.

Thought Three: We cannot have a DOJ that is the enforcer of the whims and vendettas of the President--whoever that President is.

Angela part of the reason for the rate cut would be to counter the reduction in money that could cause deflation.