(02-27-2020 03:25 PM)Redwingtom Wrote: Dow taking another blood bath today. Where's the bottom to this?
I guess I picked the wrong week to increase my 401(k) contribution percentage.
As long as there isnt a spike in cases from China, I'd say another 700-1000 points. If all holds well over the weekend there could be an uptick in the market early next week.
(02-27-2020 03:25 PM)Redwingtom Wrote: Dow taking another blood bath today. Where's the bottom to this?
I guess I picked the wrong week to increase my 401(k) contribution percentage.
As long as there isnt a spike in cases from China, I'd say another 700-1000 points. If all holds well over the weekend there could be an uptick in the market early next week.
Down 600+ already in the first half hour.
lol, yep, exactly why I don't try and play the market. I have no clue what the market is gonna do day to day based on daily news. No time for that drama.
(02-28-2020 10:06 AM)Yosef Himself Wrote: DOW and S&P both down over 4%. The DOW is back under 25,000 and currently -1000 for the day.
In all honesty, IMO, this is the best buying opportunity in quite a while.
Not yet. The problem you have here is not fixable and will take time to play out. Until then you have massive uncertainty—-and markets hate that. So, here’s the deal. What’s the right price for stocks if there is zero economic revenue growth in 2020? What’s the right price for stocks if we Find the current “no growth” prediction is hopelessly optimistic.
This uncertainty is going to play out day after day—probably into April or May. If the virus doesn’t die off in the summer like flu—things could really get bad. That kind of drip drip drip negative grind is more destructive to long term investor confidence than quick radical corrections that are over and done with quickly. Either way—the Coronavirus is relatively temporary as we will get a vaccine and this threat will not be a disruptive issue in 12-18 months....so at least we know there is an end on the horizon.
(This post was last modified: 02-28-2020 10:28 AM by Attackcoog.)
(02-28-2020 10:06 AM)Yosef Himself Wrote: DOW and S&P both down over 4%. The DOW is back under 25,000 and currently -1000 for the day.
In all honesty, IMO, this is the best buying opportunity in quite a while.
Not yet. The problem you have here is not fixable and will take time to play out. Until then you have massive uncertainty—-and markets hate that. So, here’s the deal. What’s the right price for stocks if there is zero economic revenue growth in 2020? What’s the right price for stocks if we Find the current “no growth” prediction is hopelessly optimistic.
This uncertainty is going to play out day after day—probably into April or May. If the virus doesn’t die off n the summer like flu—things could really get bad. That kind of drip drip drip negative grind is more destructive to long term investor confidence than quick radical corrections that are over and done with quickly.
Good then I'll be spending the next several months buying at a discount.
(02-28-2020 10:06 AM)Yosef Himself Wrote: DOW and S&P both down over 4%. The DOW is back under 25,000 and currently -1000 for the day.
In all honesty, IMO, this is the best buying opportunity in quite a while.
Not yet. The problem you have here is not fixable and will take time to play out. Until then you have massive uncertainty—-and markets hate that. So, here’s the deal. What’s the right price for stocks if there is zero economic revenue growth in 2020? What’s the right price for stocks if we Find the current “no growth” prediction is hopelessly optimistic.
This uncertainty is going to play out day after day—probably into April or May. If the virus doesn’t die off n the summer like flu—things could really get bad. That kind of drip drip drip negative grind is more destructive to long term investor confidence than quick radical corrections that are over and done with quickly.
Good then I'll be spending the next several months buying at a discount.
Yep, that's my thinking as well. Buying on the dip along with dollar cost averaging seems to tbe the way to go, IMO.
(02-28-2020 10:06 AM)Yosef Himself Wrote: DOW and S&P both down over 4%. The DOW is back under 25,000 and currently -1000 for the day.
In all honesty, IMO, this is the best buying opportunity in quite a while.
Not yet. The problem you have here is not fixable and will take time to play out. Until then you have massive uncertainty—-and markets hate that. So, here’s the deal. What’s the right price for stocks if there is zero economic revenue growth in 2020? What’s the right price for stocks if we Find the current “no growth” prediction is hopelessly optimistic.
This uncertainty is going to play out day after day—probably into April or May. If the virus doesn’t die off in the summer like flu—things could really get bad. That kind of drip drip drip negative grind is more destructive to long term investor confidence than quick radical corrections that are over and done with quickly. Either way—the Coronavirus is relatively temporary as we will get a vaccine and this threat will not be a disruptive issue in 12-18 months....so at least we know there is an end on the horizon.
Doesn't matter if it is cured and doesn't exist anymore. The media and the Left have finally found something they can harp on for as long as they want to to do their best to negatively affect Trump. You see how the Leftist on the board have come out and gotten exited. This has nothing to do with Trump or the US, but the media and the Left will make you think the world is going to end and doing everything they can to destroy Americans retirement accounts.
I didn't think I could be any more disgusted by the left, but to see them on here and elsewhere celebrating the stock market falling is truly sickening. They really are sick and twisted people.
(02-28-2020 10:48 AM)appst89 Wrote: I didn't think I could be any more disgusted by the left, but to see them on here and elsewhere celebrating the stock market falling is truly sickening. They really are sick and twisted people.
Trump's Achilles heal is the economy. That's the only bullet the D's have left and, at least for a moment, they see the market decrease as good for them and bad for Trump. Sad and sick, but it is to be expected.
(02-28-2020 10:48 AM)appst89 Wrote: I didn't think I could be any more disgusted by the left, but to see them on here and elsewhere celebrating the stock market falling is truly sickening. They really are sick and twisted people.
They think they can hang it on his neck like an albatross and make it Trump's Katrina... but unlike Bush is Trump fights back. This will backfire bigly.
(02-28-2020 10:48 AM)appst89 Wrote: I didn't think I could be any more disgusted by the left, but to see them on here and elsewhere celebrating the stock market falling is truly sickening. They really are sick and twisted people.
They think they can hang it on his neck like an albatross and make it Trump's Katrina... but unlike Bush is Trump fights back. This will backfire bigly.
Yup, can’t blame Trump for a world wide pandemic—-especially if we are one of the last places that get struck. Here’s a interesting thought—what if an major US outbreak isn’t inevitable. What if the US somehow holds it off and is the only country that manages to not have a major outbreak—-until a vaccine is available. Wow...that would really be something incredible.
(This post was last modified: 02-28-2020 11:04 AM by Attackcoog.)
(02-28-2020 10:48 AM)appst89 Wrote: I didn't think I could be any more disgusted by the left, but to see them on here and elsewhere celebrating the stock market falling is truly sickening. They really are sick and twisted people.
They think they can hang it on his neck like an albatross and make it Trump's Katrina... but unlike Bush is Trump fights back. This will backfire bigly.
Yup, can’t blame Trump for a world wide pandemic—-especially if we are one of the last places that get struck. Here’s a interesting thought—what if an major US outbreak isn’t inevitable. What if the US somehow holds it off and is the only country that manages to not have a major outbreak—-until a vaccine is available. The Dems might be throwing themselves off buildings come November.
This. The Dems are setting themselves up ONLY for failure. It is a VIRUS. Once high numbers of people here get it, if that ever happens, it will be handled and the Left will once again be seen has sky screamers and if it never gets big here and starts being treated over the world with the US's help they will again look like sky screamers. No one with any sanity can blame a sickness on a President that started somewhere else. But by all means keep hoping for pain for Americans as a good strategy.
(02-28-2020 10:48 AM)appst89 Wrote: I didn't think I could be any more disgusted by the left, but to see them on here and elsewhere celebrating the stock market falling is truly sickening. They really are sick and twisted people.
They think they can hang it on his neck like an albatross and make it Trump's Katrina... but unlike Bush is Trump fights back. This will backfire bigly.
Yup, can’t blame Trump for a world wide pandemic—-especially if we are one of the last places that get struck. Here’s a interesting thought—what if an major US outbreak isn’t inevitable. What if the US somehow holds it off and is the only country that manages to not have a major outbreak—-until a vaccine is available. Wow...that would really be something incredible.
Wouldn't surprise me. In a month, climate conditions will not be conductive for this virus in DC, NY, ATL, LA or any major US hub.
Even if there is a major outbreak, it won't be that big of a disruption. It will be like the pig flu in '09-'10.
The funny thing is...well not so funny...that trump himself seems to be trying to assign blame for this on the media and democrats.
Personally, I'm not at the point of trying to blame trump for anything yet, but he's not off to a great start for several reasons.
1. Putting Pence in charge (as he goes off to speak at CPAC and then to Florida for another speech and a political fundraiser) instead of a trained medical personnel.
2. Reportedly requiring medical professionals in the administration go through Pence to clear anything first.
3. Worrying more about stock markets than public health.
4. Immediately contradicting data and information the CDC.
And it's also too early to know if his budget cuts to departments now tasked with handling this will be a problem...time will tell.
(02-28-2020 11:35 AM)Redwingtom Wrote: The funny thing is...well not so funny...that trump himself seems to be trying to assign blame for this on the media and democrats.
Personally, I'm not at the point of trying to blame trump for anything yet, but he's not off to a great start for several reasons.
1. Putting Pence in charge (as he goes off to speak at CPAC and then to Florida for another speech and a political fundraiser) instead of a trained medical personnel.
2. Reportedly requiring medical professionals in the administration go through Pence to clear anything first.
3. Worrying more about stock markets than public health.
4. Immediately contradicting data and information the CDC.
And it's also too early to know if his budget cuts to departments now tasked with handling this will be a problem...time will tell.
There were no budget cuts. Trump budgeted the cuts, but Congress restored the funding.
(02-28-2020 11:35 AM)Redwingtom Wrote: The funny thing is...well not so funny...that trump himself seems to be trying to assign blame for this on the media and democrats.
Personally, I'm not at the point of trying to blame trump for anything yet, but he's not off to a great start for several reasons.
1. Putting Pence in charge (as he goes off to speak at CPAC and then to Florida for another speech and a political fundraiser) instead of a trained medical personnel.
2. Reportedly requiring medical professionals in the administration go through Pence to clear anything first.
3. Worrying more about stock markets than public health.
4. Immediately contradicting data and information the CDC.
And it's also too early to know if his budget cuts to departments now tasked with handling this will be a problem...time will tell.
None of this stuff bothers me a bit. Pence appointed a medical professional to lead the charge. Meanwhile, he is there to make sure the policy set by the medical professional gets implemented by 50 different state governments. Makes sense to me.
What doesnt make sense to me is sending untrained and incorrectly equipped medical folks to meet a group of people arriving in the US from China---especially when there was plenty of notice given that this group would be arriving. That cant happen again.
(02-28-2020 11:35 AM)Redwingtom Wrote: The funny thing is...well not so funny...that trump himself seems to be trying to assign blame for this on the media and democrats.
Personally, I'm not at the point of trying to blame trump for anything yet, but he's not off to a great start for several reasons.
1. Putting Pence in charge (as he goes off to speak at CPAC and then to Florida for another speech and a political fundraiser) instead of a trained medical personnel.
2. Reportedly requiring medical professionals in the administration go through Pence to clear anything first.
3. Worrying more about stock markets than public health.
4. Immediately contradicting data and information the CDC.
And it's also too early to know if his budget cuts to departments now tasked with handling this will be a problem...time will tell.
None of this stuff bothers me a bit. Pence appointed a medical professional to lead the charge. Meanwhile, he is there to make sure the policy set by the medical professional gets implemented by 50 different state governments. Makes sense to me.
What doesnt make sense to me is sending untrained and incorrectly equipped medical folks to meet a group of people arriving in the US from China---especially when there was plenty of notice given that this group would be arriving. That cant happen again.
Government's finest. Hire private firms to handle this and it will be handled.
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Market falls 2/24 - Virus or Communist?
