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If you're risk-managed, this is the period of time where you've got to step back and say, hey, worst-case scenario, a little missed opportunity.

That's easier to make up for than lost capital if this market turns and accelerates down hard in the September and October.

Well, hello, everyone, and welcome to this edition of Finance You.

I'm Chris Martinson, your host, back with Paul Kiker of Kiker Wealth Management.

Hey, Paul.

Hi, Chris. Yeah. Oh. Kiker of Kiker Wealth Management. Hey, Paul. Hi, Chris.

Yeah. Oh. So little something, something's happened in the markets between last time we talked, which was last week and today, and today being the 7th of August. August is the quiet month, Paul. I used to, when I was a day trader, I would just take August off. Nothing happens. It's just like, it's just like the ball ping pongs around and it's not, there's nothing fun.

Whoa.

So the story as I have it is that the worst day in volatility since the great financial crisis was triggered by the Bank of Japan raising interest rates by 0.25.

That is correct. That is correct.

That is correct. Did I miss anything in that story?

No, you didn't miss that at all.

And I think I've got a chart of it here that I can show on the screen because it is,

it is relatively interesting.

So I find that insane, though.

That's just, that's just nuts to me, nuts. That's just a quarter of a point.

Oh, wow.

Look at that.

Yeah.

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