David Stockman, a former Reagan economic advisor, is saying the markets and the economy as a whole are going down the tubes, and this market downturn is just the beginning. Stockman focuses on the Fed, the stock bubble, and Trump's recent criticism of Amazon.

Gregory recounts a story about a young widow who is trying to put together an retirement plan, and has about 15 years left until retirement.

Cole calls Gregory from Hammond. He's 30 years old, and has his 401k still in the market. Should he ride the market down and not worry about it too much since he has the time? If he does get out, what does that look like? How does he know when to get back in?

Spotify has a shakey start that ends up just slightly down. Gregory responds to some coverage of the high profile IPO on Fox Business.

Gregory and James review some of the stocks on the short sheet that are not following the generaltrend line of the overall markets. There are always opportunities to find winning stocks in the markets, they just become harder to find when the indexes are all trending down.

Doug on the Northshore asks if he should do a reverse mortgage, HELOC, or a cash-out refinance on his mortgage. Gregory says a reverse mortgage is probably not the better option, because his wife is not old enough to be on the reverse mortgage. Gregory probes Doug's other financial options, and recommends he talks to Dwayne Stein at MortgageGumbo.com.

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