RE:Going down the drain?stocker2k2 wrote: For the past 3 days AC has been going down? What is going on? is the Currency hitting hard on their profits? I feel like jumping off this thing before Q4...
I say, jump ship if you feel like that's in your best interest. Have you looked outside of your portfolio at the broad market as a whole? That would probably help explain "some of" the declines EVERYONE is facing. When 3 TRILLION gets wiped out, it's not only 1 stock that's turning red.
Here's a little food for thought - something on the broad market and not specific to AC. Sorry it is only a mobile link.
https://mobile.bloomberg.com/news/2014-02-05/market-s-19th-breakdown-leaves-bulls-unmoved-as-3-trillion-lost.html
Here's a little snippet:
Global Retreat
Stocks around the world are plunging after Argentina unexpectedly devalued the peso, Turkey’s decision to double interest rates backfired and China’s manufacturing growth slowed. A report this week showed U.S. factory output expanded in January at the weakest pace in eight months and China’s official Purchasing Managers Index fell to a six-month low.
At the same time, the Federal Reserve is lowering stimulus that helped propel global equity gains of 123 percent the last five years. At its peak in January, the S&P 500 had rallied 173 percent from its 2009 bottom, a bull market that was almost a year older than the average since World War II.
Developed nations are falling with emerging counterparts this year, including an 11 percent loss for Japan’s Topix Index and a 4.6 percent decline in Germany’s DAX Index. The MSCI Emerging Markets Index lost 8.5 percent. The S&P 500’s 5.8 percent retreat from Jan. 15 to Feb. 3 is the biggest drop since June. The MSCI All-Country World Index dropped to the lowest level in almost four months on Feb. 3.
Going Down
“Every time it goes down you always wonder, ‘What the heck? Is it going to stop?’” said James Paulsen, the Minneapolis-based chief investment strategist at Wells Capital Management, which oversees about $359 billion. “I like buying on this fear of a crisis in the emerging world.”
Best of luck, do what you feel suits your style and what you feel most comfortable with. Most importantly STICK TO IT.