Name:   MartiniMan - Subject:   Not a good day to check your 401K balance Date:   8/5/2024 12:33:19 PM

NASDAQ down in record fashion.....a mere few days after Dementia Joe said he fixed the economy.  April job numbers were pretty bad, especially when combined with all the prior month downward revisions and the real numbers (ADP) being down for the last 12 months at least.  And the reality that the private sector hiring is negative and the only positive hiring is in the govt sector, which adds nothing to the economy..robbing Peter to pay Paul.  Let's hope this is a temporary dip and not a sign that we are headed into a recession.  Fed will likely lower the benchmark rates but as is always the case, they overshoot on the way up and are too slow on the way down.