The day’s declines were the worst daily falls of the year, in percentage terms, for all three market gauges. And after three consecutive selloffs, the market slump was the worst weekly decline since August. For the year to date, the Dow is down 6.5 percent, the S.&P. 500, down 5.7 percent, and Nasdaq, down 12.3 percent.
As forecast here at NewMexiKen on January 31:
NewMexiKen adjusted my mutual funds today, moving from conservative to more adventuresome investments. Trust me, stock values of all kinds will crash soon.
Keep in mind, the value of stock in not always in market value. Stocks that pay a good dividend keep paying you regardless of a few percentage points either way in “sell now market value.”