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This isn't market volatility. The is a global geopolitical event exposing the weakness of the US and global markets that people have been warning about for some
by allovernow 7y ago
This isn't market volatility. The is a global geopolitical event exposing the weakness of the US and global markets that people have been warning about for something like 3 years.
Some treasury notes have dropped by more than 30%. We're years overdue for a cyclical recession. The fed has little room to lower rates. I could go on but the point is this is the closest we've been to a Black swan in decades.
- nostrademons 7y agoIf it's really your retirement money then presumably you are 20-40 years out from needing it. Cyclical recessions typically last 1-2 years, and even the biggest Black Swan events like the Great Depression last maybe 10 years. By the time you retire you will have largely forgotten about this. (If your retirement is less than 5-10 years away, you should have diversified away from stocks years ago, and it's a little late now. Most target-date funds and financial advisors do this anyway.)