Within a matter of weeks, the item that was marked down to $40 jumped to $135. The original price of the blazer was $180. They are great quality and last for years, but that price point is more than I am willing to pay for a garment of clothing. When I notice they are having a sale, I proceeded quickly to identify what I wanted and ended up buying 5 blazers that day. If you’re asking yourself how does this relate to the stock market, I’m getting there.
The Stock Market is Crashing
On October 10, 2018, at 3:45PM EST, I looked at my account and all I saw was red. All I could ask myself was “what the heck is going on today”. I didn’t know if what was happening was related to the political climate in the U.S. or if something had taken place internationally. I flipped on CNN and Bloomberg and saw, “BREAKING NEWS - STOCK MARKET DOWN 800 POINTS”.
Everyone is panicking and selling out of their positions.