The stock market thread.

[Thucydides]

Dow is down 1000 points in futures. Expecting the market to drop off hard tomorrow.

 

[Ted Hoffman]

If you look at how China is doing, there's every reason to be optimistic...it took them 2 months to contain it.

South Korea numbers are extremely promising.

There's fiscal and monetary policies being applied that is promising and will re-ignite the economy. The effects are not instantaneous.

This presumes that China is done. There's no reason to think that's the case.

This also presumes South Korea is done. Again, no reason to think that's the case.

Imagine cases from Europe and the U.S. manage to find their way back toward Asia and we have Coronavirus II: Second Verse, Same As the First. This cycle continues for a few rounds. You tell me how many people are thinking about that possibility, that this goes on for months. I guarantee it's not factored into the markets, and that's even considering S&P futures are currently -118 and on the way to limit down again.

I think we're about to have what I refer to as a get me the f*** out of here moment. I don't think it will be the bottom (see comments above), but I think a hell of a lot of unbridled optimism is about to get flushed out of the markets and it's not coming back for a little while.

 

[Breakers]

Ohhh my poor portfolio just got dragged out back and beat with a hammer.


During tax season too.

 

[Thucydides]

This presumes that China is done. There's no reason to think that's the case.

This also presumes South Korea is done. Again, no reason to think that's the case.

Imagine cases from Europe and the U.S. manage to find their way back toward Asia and we have Coronavirus II: Second Verse, Same As the First. This cycle continues for a few rounds. You tell me how many people are thinking about that possibility, that this goes on for months. I guarantee it's not factored into the markets, and that's even considering S&P futures are currently -118 and on the way to limit down again.

I think we're about to have what I refer to as a get me the f*** out of here moment. I don't think it will be the bottom (see comments above), but I think a hell of a lot of unbridled optimism is about to get flushed out of the markets and it's not coming back for a little while.

bottom out in may / June you figure? Hard to tell with these things though, but the market is in for a world of hurt for a bit. I bet the breakers are set off tmw. Halt 2 minutes into the trading day?

 

[Retire91]

I have been absoltutely wrecked this last 2 weeks. LOL I just dumped a major chunk into UBER also thinking it might be on its way up. Oh no lol Man I wish I had saved that cash for now. If you put your money in anything right now even if it still goes down you will get a 10-20% return in 1 year no problem.

 

[Ted Hoffman]

bottom out in may / June you figure? Hard to tell with these things though, but the market is in for a world of hurt for a bit. I bet the breakers are set off tmw. Halt 2 minutes into the trading day?

If you're asking me to make a prediction, I'd say this doesn't bottom in a couple months. It bottoms when either the global number of cases slows and we're definitely not re-transmitting this around the world, or we get to the point where we're running out of people to be infected.

 

[Breakers]

either major border being highly restricted or blocked in North America by a neighboring nation would be another whopper.
like huge huge drop

Mexico US border
Canada US border

 

[someguy44]

We are nowhere closed to the bottom. When this thing explodes in the States and it will, N. American stocks will take another huge hit. Only way out of this is through a working vaccine, the virus burns itself out (by infecting a lot of people like someone mentioned and can't infect anymore due to people building antibodies) or it just severely slows down due to social distancing and or warmer summer climates.

 

[Thucydides]

We may see the biggest buying opportunity since 2008, possibly of our lifetimes , here in the next few months. There is potentially a lot of money to be made if you play your cards right and pick the right stocks.

 

[BahlDeep]

We are nowhere closed to the bottom. When this thing explodes in the States and it will, N. American stocks will take another huge hit. Only way out of this is through a working vaccine, the virus burns itself out (by infecting a lot of people like someone mentioned and can't infect anymore due to people building antibodies) or it just severely slows down due to social distancing and or warmer summer climates.

This should already be priced in... with growth forecasts slashed.

 

[BahlDeep]

We may see the biggest buying opportunity since 2008, possibly of our lifetimes , here in the next few months. There is potentially a lot of money to be made if you play your cards right and pick the right stocks.

Absolutely... I might consider leveraging myself at the right time.

 

[DenisSamson3]

Already noticing inflation for food like pasta, rice and canned food. Toilet paper and masks have also risen in price. Gold is supposed to be a good hedge against inflation but it already is pricy.

 

[Omark]

My portfolio -40% last month.

 

[LarryFisherman]

Can't wait to lose another 7% of my net worth today. Let's gooooooo

i don't even have liquidity to buy puts because i had to buy blinds for my new house. smh

 

[BahlDeep]

Can't wait to lose another 7% of my net worth today. Let's gooooooo

i don't even have liquidity to buy puts because i had to buy blinds for my new house. smh

Hahahaha

 

[BahlDeep]

Already noticing inflation for food like pasta, rice and canned food. Toilet paper and masks have also risen in price. Gold is supposed to be a good hedge against inflation but it already is pricy.

Real Estate is an even better hedge

 

[Thucydides]

Absolutely... I might consider leveraging myself at the right time.

yeah, I have sold out of my vanguard position around 60 bucks there a bit ago . I have been buying vanguard index fund for a long time . Today the premarket has it down to 50.00. I’m assuming today it’ll be in the 40’s.

Just going to live very cheaply for the next 3-4 months and hoard all the cash I can.

I know a buddy who took out a second mortgage on his house in the 08 crash and bought Microsoft for 20 bucks .

don’t know if I want to risk that much, however tempting it sounds haha.

 

[Thucydides]

Real Estate is an even better hedge

buy REIT’s?

 

[CrazyMonkey1208]

Can't wait to lose another 7% of my net worth today. Let's gooooooo

i don't even have liquidity to buy puts because i had to buy blinds for my new house. smh

Look on the bright side, now the neighbors won't be able to see you crying at 4pm today (like I will be too)

 

[BahlDeep]

buy REIT’s?

Yes

 

[Thucydides]

Look on the bright side, now the neighbors won't be able to see you crying at 4pm today (like I will be too)

I think if you are invested in the market , it would be a good time to look away. The market will eventually come back. Don’t know when , but judging by history, it will come back .

 

[Thucydides]

Yes

are you located in USA or Canada ? What exchange are you buying on?

 

[LarryFisherman]

Look on the bright side, now the neighbors won't be able to see you crying at 4pm today (like I will be too)

feel free to come over. i have some turpentine in the garage we can huff to kill the pain, if you're interested.

 

[LarryFisherman]

I think if you are invested in the market , it would be a good time to look away. The market will eventually come back. Don’t know when , but judging by history, it will come back .

100%. This is really an issue if you were planning on retiring in the next year or two. For those of us in our 20s-30s this will just be a blip.

factually speaking (at least until this morning), the 2018 dip was worse from an overall points perspective, but the drama of overall gain loss this month has been outrageous.

our last spike was only due to biden winning super tuesday, which in itself is a whole new conversation filled with sadness and frustration as the democratic party drowns itself again with zero outside help

 

[CrazyMonkey1208]

I think if you are invested in the market , it would be a good time to look away. The market will eventually come back. Don’t know when , but judging by history, it will come back .

Yeah I'm not looking at my stocks or retirement right now...it's a good thing I only own long term investments at the moment. Amazing how quick the shit hit the fan these last 2 weeks