Will it be? Is the sky falling? Did you wait one day too long to cash out? Has the AI bubble burst? Is it the end of the world as we know it?

I guess no one knows for sure. But I certainly hope not as I sure took advantage of this dip today and bought a lot of bullish spreads. I guess time will tell whether or not I am an idiot, LOL.

I think the probability of a prolonged selloff is not zero but I don't think it's world ending time either.
Some people are missing or ignoring the fact that the jobs report indicates a strong and/or strengthening economy. Yeah that could push the Fed to raise rates but so what. An expanding economy should be able to handle higher borrowing costs. It might also address inflation expectations....which would be a good thing.

It is certainly a better outlook than increasing joblessness and a possible recession that would push the Fed to reduce rates.

I also think once we get past the SPCX IPO things may settle down. MAYBE......provided the IPO is successful.
I have some real doubts about that. What would the rest of the market do if the SPCX IPO is a flop ? I think then there would be a good chance of more downside. And I think there is a good chance of it being less than impressive.

Remember what IPO means................."It's probably overpriced".

Locally we're feeling the economy slow down a bit.

The economy just feels weird, there's a small group of people doing really well and they are keeping us busy, these are almost exclusively boomers. Everyone else seems to be struggling.

That is pretty universal in the economy right now I think. Boomers have a lifetime worth of savings and investments compared to the younger cohorts of the population. Also a better work ethic would go a long way to help those younger people. I saw a statistic yesterday that said 24 or 25% of males 20-54 years old do not have a job and do not want a job. The social safety net has become a hammock.

Locally we have 40+ year old construction guys who have never experienced a slow time. You can't convince them how unusual this is. These prices must absolutely suck for people living from paycheck to paycheck.

I'm 36 and I can assure you 2008-2014ish sucked.

I would agree work ethic would help but I'm also seeing people in their 20s,30s,40s working hard and struggling. Housing has gotten out of hand, land is out of hand, things that matter are out of hand, I think it's easy to justify buying a new PlayStation and working less when you feel like you can't get ahead even if your working 60 hours a week. Feel like the American dream of a house and white picket fence is being relegated to the past.

I dunno, I do flooring estimates for a large company and our first quarter sales are well above what was estimated. The vast majority of the customers I work with are in the 30-60 year old age group. I just had my home sided by a local contractor and was lucky to get on the schedule before fall (paid a down payment for the work in Jan.). Was at Menards last weekend and every checkout was 5 people deep. Hardly an economic panic around here.

2008 to 2014 were boom times in my local area. I did fly on a few trans-atlantic flights during that time period that were basically empty so some areas of the world were slow.

You have to remember, donner, that the American Dream often included stepping outside of your comfort zone. If it hadn't, would this country ever have been settled? The 20-40-somethings that are giving up and buying PlayStations could likely have their American Dream if they were brave enough to step outside of urban, liberal MN cities. You know, like the people that left "crowded" states in the east to settle the west? Or the person on this thread that as a 20-something left the liberal west coast to pursue the American dream in the Great White North? People your age tend to want a life handed to them. Sometimes.... ya have to go find the life you want.

There’s been 9 consecutive up weeks

The streak was bound to end

The 3 biggest ipo’s ever are about to happen,,,,

The money is going to come from somewhere

Sorry Donner, we been through this before. The so-called folks that ARE actually working 60 hours weeks and ARE actually broke must be making pee poor life decisions with their money. Theres more to becoming financially successful than just making money...in fact, Id say the discipline in handling money is more important than the amount you make.