3 ms·
At current interest rates, 3% is nearly a year of interest gone.
by j7ake 7y ago
At current interest rates, 3% is nearly a year of interest gone.
- adventured 7y agoIf it were actually guaranteed to be gone, that would matter as a comparison point. The market however obviously isn't fixed and can rise or fall, bounce back or not. There's nobody that can consistently, accurately predict near-term moves. The market could be down another 3% this time next week. Or it could snap back - emotional over-reaction - and recover most of this loss in the next week or three (sentiment on Wall St suddenly changes to eg: this means the Fed will have to step in and cut rates further, so stocks rise back up; it's just about impossible to tell how the wind will blow in the coming weeks, even if there is a hint of real bearishness about re the trade war & China).