I’ve monitored numerous online investing chat boards for a long time. "Average Joe" traders have been licking their wounds since the October correction, but they've been trying to remain bullish. Many were excitedly talking about their dip-buying “strategies” as recently as yesterday as the Trump-Xi trade "agreement' euphoria hit the tape.
But now? After todays’ nearly 800 point drubbing on the Dow and far worse percentage losses on the Nasdaq and Russell 2000, I’m seeing people starting to throw in the towel.