Dave Ramsey told listener Mark from Arizona on The Ramsey Show on October 16, 2026 that predicting stocks will halve in 2026 while company profits stay the same is 'freaking asinine'. The article agrees that staying invested is correct but says the halving claim exaggerates the case, since prices can fall sharply on fear even when profits hold, while long-run returns follow earnings. It cites SPY's 255% gain over 10 years and 12% so far in 2026, the VIX rising from 15 to 19, and real GDP growth of 2% annualized. The real risk depends on when withdrawals start: a retiree pulling $20,000 from a $400,000 portfolio would see the withdrawal rate rise from 5% to about 7% after a 30% drop, forcing sales at low prices. The article suggests money needed within about five years belongs in cash or bonds, and that savers compare their mix with a target-date fund for their retirement year.
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Related tickers and likely impact
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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