If it drops like back in April I'll start to get interested in buying, still a long way to fall before that happens.

 

I'm curious if people think this will be a brief correction (a few % drop) or something more serious.

US markets are open Monday, but ours are closed for Thanksgiving.

 

After hours trading was very quiet on Friday so maybe the market just shrugged at Trump's comments. Usually when the VIX goes really wild though there is aftershock volatility for a few days after. I was waiting for any kind of pullback after the straight rise since April.

 

Not sure about quiet, man. QQQ tanked further after hours and IWM kept crashing after market close.

 

It did but then it recovered apparently. I think there will be more on Monday. Trump's tariffs have to have a -ve impact IMO.

 

People who are worried about this, really will have something to worry about when the AI bubble pops. But for now, the NVidea music is still playing... the party will continue until it doesn't.

 

Friday was a bit of a drop but after some many new market highs as of late it really doesn"t amount to much. However, I will be watching the market closer than usual Monday.

 

The e-minis for the S&P 500 futures are not doing too bad for tonight (unfortunate for those who were hoping for a fire-sale). All day crypto was going through a continued melt-up, so the chances for boomers to buy-the-dip by Tuesday through an ETF looks greatly diminished (for now). Quite possibly, China will do a counter-tariff to keep that hope alive. But sadly, I have a large amount of dividends paying out this week. As ALWAYS HAPPENS, the market does another large melt-up just 24-48 hours before the cash settles in my trading account. lol.

 

US markets are strong today.

 

Nasdaq fell 3.5% on Friday, up about 2% today so a lower high. Usually there is not a full bounce back from these large drops the next day so suspect there could be a little more downside. Oil at $59 near the April low. Will likely add some oil this week at the least.

 

Strong bounce today. Canadian markets were closed, but due to EWC trading, we basically know that the TSX was also up about 1.5% today

This could shape up to become one of the strongest years in stocks, in recent history. And yes, back-to-back with 2024.

Also, a new record high in gold. Currently trading above $4100.

 

This could shape up to become one of the strongest years in stocks

As long as the AI frenzy continues to hold... that 'could' be possible.

Keep in mind there was 19 billion wiped out from the crypto markets on Friday (confirmed). With the 100% tariff news coming out just after 4 pm, this meant the crypto markets around the world had to take the full brunt of the panic alone while equities/bonds were in protected lockdown. How much (unknown) liquidations, we don't know. But a lot of big players, including market makers blew up on margin, or took severe hits. 'Jump' alone reportedly took a 10%-20% hit, which would mean around a billion right there.

There could be some large contagion that comes around again.

 

we could have 3 straight years of 20%+ returns which hasn't happened since the 90s.