"Tonight it's just your money, not your life. Everybody who really loved you a week ago still loves you tonight - and that's a heck of a lot more important than the numbers on a brokerage statement. The robins will sing, the crocuses will bloom, babies will gurgle, and puppies will curl up in your lap and drift happily to sleep even when the stock market goes temporarily insane."
- Louis Rukeyser 10/23/87
Full pithy episode (worth watching - lots of the comments/questions are still relevant today, esp. from John Templeton)
Louis Rukeyser on the 1987 Crash

... and for something lighter, SNL's parody of WSW following Black Monday.

Double dark chocolate espresso fudge. Goodness. Sadly, we could only get it on Mackinac Island itself and by the time we figured out how much we liked it, it was a ferry trip away. (sigh)
We mostly lingered just outside the butterfly house, meditating upon fudge.
And thanks for the kind words! I know the "but it wasn't live on August 1st" thing is annoying (and, frankly, costs some in lost readership) but it's a lot more manageable to target the 1st but give myself until the weekend to make it happen.
Cheers!

If you choose to walk to the door of the article link, be careful where you step; as there are a lot of loose screws on the floor!
Trump blames Harris for markets downturn.

“Stock markets are crashing, job numbers are terrible, we're heading towards World War III, and we have two of the most incompetent "leaders" in history. This is not good!,” Trump posted in capital letters.

Story, if you're interested in the whole spew.

Per WSJ- hardly a "crash", but certainly a tech correction:
S&P 500 -2.02%
DJIA -1.92%
Technology -4.63%
and! ... DJT -8.56%

DonOLD is already out with a screed blaming the swoon on Harris' candidacy ... and I'm sure he'll be out with a follow-up when the markets roar higher, claiming it's 'anticipation' of his return to power. The overgrown toddler still wants to live in a heads-I-win, tails-you-lose world.
I've not made any stock moves yet today, btw.

Per WSJ- hardly a "crash", but certainly a tech correction:
S&P 500 -2.02%
DJIA -1.92%
Technology -4.63%
and! ... DJT -8.56%

Per WSJ- hardly a "crash", but certainly a tech correction:
S&P 500 -2.02%
DJIA -1.92%
Technology -4.63%
and! ... DJT -8.56%

Per WSJ- hardly a "crash", but certainly a tech correction:
S&P 500 -2.02%
DJIA -1.92%
Technology -4.63%
and! ... DJT -8.56%

No problem getting into Schwab just now. Per WSJ- hardly a "crash", but certainly a tech correction:
S&P 500 -2.02%
DJIA -1.92%
Technology -4.63%
DJT -8.56%

https://www.sec.gov/Archives/edgar/data/1924868/000199937124009530/clia-497_080524.htm
497 1 clia-497_080524.htm SUPPLEMENT DATED AUGUST 5, 2024
Filed pursuant to Rule 497(e)
Registration Nos. 333-264478; 811-23793
Veridien Climate Action ETF (CLIA)
(the “Fund”)
Supplement dated August 5, 2024
to the Summary Prospectus dated November 27, 2023, and to each of the Prospectus and the Statement of Additional Information (“SAI”) dated April 21, 2023, Tidal Investments LLC (“Tidal”), the Fund’s investment adviser, informed the Board of Trustees (the “Board”) of Tidal Trust II of its view that the Fund could not conduct its business and operations in an economically efficient manner over the long term due to the Fund’s inability to attract sufficient investment assets to maintain a competitive operating structure, and recommended the Fund’s closure and liquidation to the Board. The Board determined, after considering Tidal’s recommendation, that it is in the best interests of the Fund and its shareholders to liquidate and terminate the Fund as described below.
In addition, the Fund’s sub-adviser, Veridien Global Investors LLC (the “Sub-Adviser”), is experiencing financial difficulties, which has led to the resignation of the Sub-Adviser’s Chief Investment Officer, who was one of the Fund’s portfolio managers. In light of her resignation, the Adviser and the Sub-Adviser have determined that the Fund’s portfolio could not be effectively managed in accordance with the Fund’s registration statement and, therefore, the Fund’s investment portfolio has been liquidated and transitioned to cash. As a result of these circumstances the Adviser and Sub-Adviser have determined that the liquidation of the Fund is advisable and in the best interests of the Fund and its shareholders.
Resignation of Portfolio Manager
Effective August 2, 2024, Ariane Mahler has resigned from her position as Chief Investment Officer of the Sub-Adviser. Ms. Mahler was also a portfolio manager to the Fund. As such, all references to Ms. Mahler are removed throughout the Summary Prospectus, Prospectus, and SAI.
Liquidation
In preparation for the liquidation, shares of the Fund will cease trading on the NYSE Arca, Inc. (“NYSE”) and will be closed to purchase by investors as of the close of regular trading on the NYSE on August 16, 2024 (the “Closing Date”). The Fund will not accept purchase orders after the Closing Date.
Shareholders may sell their holdings in the Fund prior to the Closing Date and customary brokerage charges may apply to these transactions. However, from August 16, 2024 through August 20, 2024 (the “Liquidation Date”), shareholders may be able to sell their shares only to certain broker-dealers and there is no assurance that there will be a market for the Fund’s shares during this time period. Between the Closing Date and the Liquidation Date, the Fund will be in the process of closing down and liquidating the Fund’s portfolio. This process will result in the Fund increasing its cash holdings and, as a consequence, not tracking its underlying index, which is inconsistent with the Fund’s investment objective and strategy.
On or about the Liquidation Date, the Fund will liquidate its assets and distribute cash pro rata to all shareholders of record who have not previously redeemed or sold their shares, subject to any required withholding. Liquidation proceeds paid to shareholders generally should be treated as received in exchange for shares and will therefore be treated as a taxable event giving rise to a capital gain or loss depending on a shareholder’s tax basis. Shareholders should contact their tax adviser to discuss the income tax consequences of the liquidation. In addition, these payments to shareholders may include distributions of accrued capital gains and dividends. As calculated on the Liquidation Date, the Fund’s net asset value will reflect the costs of closing the Fund. Once the distributions are complete, the Fund will terminate.
* * * * *
For more information, please contact the Fund at (888) 318-0133.
Please retain this Supplement with your Summary Prospectus, Prospectus, and SAI.

CNBC VIX seems more current than that at Yahoo Finance. Anyway, VIX of 62 means expected daily volatility in SP500 = +/- 62/19 = +/- 3.26%. Cryptos are collapsing too - they have high correlation with Nasdaq Comp.
CNBC https://www.cnbc.com/quotes/.VIX
Yahoo Finance https://finance.yahoo.com/quote/^VIX/
Cryptos https://www.cnbc.com/cryptocurrency/

Per WSJ, which to me kind of implies muted panic is in the air this morning...
Investors are piling into bets that the Federal Reserve will respond to signs of weakness in the economy with more aggressive interest-rate cuts.
Futures prices now imply the Fed will cut rates to a range of 4% to 4.25% by year-end, according to CME Group data. That would require 1.25 percentage points in cuts over its meetings in September, November and December.
A larger September rate cut is now expected by a majority of investors. Futures imply a 94.5% chance of a half-percentage point cut at that meeting, up from 74% on Friday and just 11% a week ago, according to CME Group.
A week ago, investors had expected just 0.75 percentage point of cuts this year, or three quarter-point reductions.

For context: N225's biggest move down since 1987 and its 14.9% fall on Black Monday...

Thanks, @Old_Joe
And yes, @Observant1 ; nasty futures and foreign markets.

Nikkei 225 was down -12.40% overnight. It's now down -25.85% from mid-July high. Global markets are also selling off but not to that extent. VIX has spiked to 52.

Futures for the Dow, S&P 500, and Nasdaq 100 were down 3.1%, 4.3%, and 6.2% respectively at 5:00 AM.
"The Nasdaq is leading markets lower in premarket trading as futures drop early Monday,
led by technology stocks, after a big retreat on Friday.
Shares are slumping worldwide as traders are worrying that the U.S. economy
could suffer a sharp slowdown after worse-than-expected jobs data last week.
The fear is that any interest-rate cuts from the Federal Reserve may come too late to bolster growth.
Japan’s Nikkei index suffered its worst one-day drop since 1987 on Monday."
https://www.barrons.com/livecoverage/stock-market-today-080524

Braham is paywalled for me

Try this...
https://www.msn.com/en-us/money/other/this-go-anywhere-find-beats-99-of-its-peers-what-it-s-buying-now/ar-AA1jWToe

+1.

@MikeW et al
I agree with Junkster, at this time, regarding quality bond funds or etf's; being US Treasury and/or corporate bonds.
There are too many pieces of very dry wood, that are placed too close to a small burning fire. The fire and wood being: Israel and Iran, etc.; the most important U.S. elections of our lifetimes and F-16 fighters started to arrive today in Ukraine; shortly after Ukraine had announced the sinking of a Russian submarine and other important attacks. In addition, is what actions the FED may take in the coming months based on their data views.
We're a Medicare/SS household, and while we enjoy having decent annual returns; we also have capital preservation in mind.
Most of us spend $1,000's each and every year for house and auto insurance, and never file a claim; and the money is gone forever.
We treat our bond fund holdings as 'investment insurance' currently using BAGIX (active managed). We'll not likely outrun inflation and taxes, but maintain the capital.
The AGG bond etf is similar in high quality to BAGIX (ER = .30).
I've watched over the years and charted these two against bond 'index' funds. BAGIX has maintained near 1% annualized above the returns of the other two. AGG and bond index funds run very close paths. I'm not trying to sell, but to offer the view.
Our portfolio is 40/60. The 40 in equity is split between growth and conservative equity (healthcare). The 60 is bond/MMKT. The entire portfolio arrived at a +.33% for last week.
One can always dollar cost average into whatever.
NOTE: We've remained fully U.S. centered with investments since 2008. We have more than enough foreign exposure inside the equities, from their foreign earnings.
Lastly, we don't know what the 'shake out' events will be or from where.
Good evening.

Per A Wealth of Common Sense....with my bold for emphasis:
https://awealthofcommonsense.com/2024/08/this-is-normal-2/
"The S&P 500 has finished the year up double-digits in 56 out of 96 years since 1928 (almost 60% of the time). In 24 of those 56 years with double-digit gains, there was a double-digit loss at some point in the same year. That means nearly 45% of the time when the stock market has been up 10% or more, there has been a correction of 10% or worse on the path to those gains."

@Balu: What are the holdings of your DIY GA fund if you don't mind sharing
I ran a MFO screen with params: Age > 20 years, Sortino > 1.00, Lipper Preservations >= 4, 3Y Roll Avg >= 10 and was surprised to see 47 as the result count.
No Allocation or Alts in the results though