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| Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
03-18-2020, 12:11 PM
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#1
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Idiot
Join Date: Jul 2012
Location: Glastonbury, CT
Posts: 2,287
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This Market...
Its like Jamaican limbo.... how low can you go?
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The artist formerly known as Scratch59.
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03-18-2020, 12:31 PM
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#2
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Ledge Runner Baits
Join Date: Oct 2000
Location: I live in a house, but my soul is at sea.
Posts: 8,393
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Killing me watching it going up 1000, down 2000, up a 1000, down a 1000; obviously hindsight is 20/20, but boy I wish I'd pulled out of the stock market earlier. I'm not heavily invested in stocks but enough to make it sting, I've watch two years of gains evaporate in my overall portfolio, it will take a really robust rebound after and several years likely to recover. Thankfully I'm retired and will be fine even with the pain, but man I can't imagine the hurt some of the younger investors are feeling now, or someone planning on retiring in a couple years.
Money can't buy you happiness, but it can make you crazy if you let it.
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03-18-2020, 02:00 PM
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#3
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Registered User
Join Date: Jul 2008
Posts: 20,428
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Quote:
Originally Posted by Got Stripers
Killing me watching it going up 1000, down 2000, up a 1000, down a 1000; obviously hindsight is 20/20, but boy I wish I'd pulled out of the stock market earlier. I'm not heavily invested in stocks but enough to make it sting, I've watch two years of gains evaporate in my overall portfolio, it will take a really robust rebound after and several years likely to recover. Thankfully I'm retired and will be fine even with the pain, but man I can't imagine the hurt some of the younger investors are feeling now, or someone planning on retiring in a couple years.
Money can't buy you happiness, but it can make you crazy if you let it.
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theres no hurt for younger investors decades away from needing the retirement money. only opportunity. tremendous opportunity. If my wife was working (she's in school instead), I'd take out a $50,000 mortgage right this second and out it in an S&P 500 index fund.
You haven't lost a nickel, until you sell. This is when you buy, not when you sell.
Posted from my iPhone/Mobile device
Last edited by Jim in CT; 03-18-2020 at 02:24 PM..
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03-18-2020, 12:45 PM
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#4
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,069
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I’ve been watching this for a while: the Dow Jones fell today below its close on the day Trump* took office (19,871).
It’s always dumb to credit or fault a president as if stock market returns are theirs to control, but if a president is dumb enough to do that for himself, the rule is waived.
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Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!
Niles: You have met “people”, haven’t you?
Lets Go Darwin
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03-18-2020, 12:47 PM
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#5
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,069
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Ford, GM, Fiat Chrysler to shut U.S. production.
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Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!
Niles: You have met “people”, haven’t you?
Lets Go Darwin
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03-18-2020, 02:30 PM
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#6
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Registered User
Join Date: Jul 2008
Posts: 20,428
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Ford and GM are shutting production. What you may not have heard, is that the shutdown isn't because of a lack of demand. It's until March 30, and it's being done to help prevent the spread of the virus. It's not because Trump tanked the economy, and only a deranged POS would suggest otherwise.
Also, if a president helps grow the economy, it doesn't necessarily mean he's responsible for the inevitable correction. We know what Trump did to grow the economy - tax cuts, regulations, boosting confidence. None of those policies, are causing this plummet. A virus that originated in China caused this.
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03-18-2020, 02:58 PM
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#7
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,069
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The people with Trump* defense syndrome are always on guard.
The only thing I said about him was the market is the same today as when he was inaugurated.
I think that's interesting.
I think it is far from done, headed below election day in 16.
Feel free to buy
I'd recommend vix
No promises though
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Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!
Niles: You have met “people”, haven’t you?
Lets Go Darwin
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03-18-2020, 03:01 PM
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#8
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Idiot
Join Date: Jul 2012
Location: Glastonbury, CT
Posts: 2,287
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Quote:
Originally Posted by Pete F.
The people with Trump* defense syndrome are always on guard.
The only thing I said about him was the market is the same today as when he was inaugurated.
I think that's interesting.
I think it is far from done, headed below election day in 16.
Feel free to buy
I'd recommend vix
No promises though
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I agree, I bought a chunk late last week and pulled half of it out on Monday after I saw what happened over the weekend
the other half is falling fast...
I thought we hit bottom  |
The artist formerly known as Scratch59.
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03-18-2020, 04:03 PM
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#9
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Registered User
Join Date: Jul 2008
Posts: 20,428
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Quote:
Originally Posted by Ian
I agree, I bought a chunk late last week and pulled half of it out on Monday after I saw what happened over the weekend
the other half is falling fast...
I thought we hit bottom |
nobody knows where or when the bottom is, don’t try to be perfect. if you have a decent time horizon, you’ll do fine.
Posted from my iPhone/Mobile device |
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03-18-2020, 03:07 PM
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#10
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,069
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Since you brought up the Stable Genius
If you look at the KOPSI in the past month it has dropped from 2200-1600 while the Dow has gone from 30K-20K.
Perhaps that is the difference between being aggressive about a pandemic vs trying to downplay it.
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Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!
Niles: You have met “people”, haven’t you?
Lets Go Darwin
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03-18-2020, 03:29 PM
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#11
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Seldom Seen
Join Date: May 2001
Posts: 10,397
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Cut the #^&#^&#^&#^& Pete...
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“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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03-18-2020, 04:39 PM
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#12
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,069
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That's also what Larry Kudlow said several times, buy the dip..........
At 27K, 26K, 20K........
However no bear market has ended in a month, ever......
Between 1926 and 2017, there have been eight bear markets, ranging in length from six months to 2.8 years, and in severity from an 83.4% drop in the S&P 500 to a decline of 21.8%
This one has totally unknown components that have no historical precedent.
The Imperial College report that I posted in another thread says it is likely that absent a miracle the Covid-19 virus will require social isolation of populations and therefore disrupt our economy for a year and a half.
I am hoping for a miracle but unwilling to bet the farm on one.
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Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!
Niles: You have met “people”, haven’t you?
Lets Go Darwin
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03-19-2020, 06:58 AM
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#13
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Registered User
Join Date: Jul 2008
Posts: 20,428
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Quote:
Originally Posted by Pete F.
That's also what Larry Kudlow said several times, buy the dip..........
At 27K, 26K, 20K........
However no bear market has ended in a month, ever......
Between 1926 and 2017, there have been eight bear markets, ranging in length from six months to 2.8 years, and in severity from an 83.4% drop in the S&P 500 to a decline of 21.8%
This one has totally unknown components that have no historical precedent.
The Imperial College report that I posted in another thread says it is likely that absent a miracle the Covid-19 virus will require social isolation of populations and therefore disrupt our economy for a year and a half.
I am hoping for a miracle but unwilling to bet the farm on one.
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Please tell us who said it would be over in a month? Who? Who are you responding to? No sane financial advisor ever told anyone to buy stocks on the dip and use the profits to pay your mortgage at the end of the month. Your time horizon needs to me measured in years, not months.
If you bought an S&P 500 index fund in any of those bear markets, there was time within the next few years that you did terrific.
But you know more about finance than Larry Kudlow, obviously. He's associated with Trump, so he can't be competent and dedicated, it's not humanly possible. He has to be an idiot and a crook.
YOU are the one acting as if a month matters, by stating (correctly) that if you bought when the DJIA was at 25k, you are now down. It doesn't matter how you're doing 7 days later. It matters how you did from the time you bought, to the time you sold.
Even professionals who try to time the bottom, usually can't do it, and often they wait too long and get back in when things have rebounded higher. You don't want to miss much of the rebound, because that's the opportunity.
If you buy a good mutual fund today with money you won't need for a few years, there's a 95% chance you'll make a killing. Ask anyone who bought in late 2008 or early 2009.
No one here saw you make a post about the economy until 10 days ago. You are giddy about this because you see the political opportunity. And you're right to be giddy about it from that perspective, as Biden had little chance if the DJIA was at 30,000 and more importantly, if unemployment was below 4%. The level of the DJIA means absolutely nothing to anyone who isn't selling that day. Unemployment levels, matter a lot more.
You've never posted once about the benefits of low unemployment during this administration. Not once. If it skyrockets, how long before you post? The first report that unemployment shot up (and it's likely coming soon, could easily be over 10% soon), you'll quickly ejaculate and then post about it.
Last edited by Jim in CT; 03-19-2020 at 07:23 AM..
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03-19-2020, 08:16 AM
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#14
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Canceled
Join Date: Jun 2003
Location: vt
Posts: 13,069
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Quote:
Originally Posted by Jim in CT
Please tell us who said it would be over in a month? Who? Who are you responding to? No sane financial advisor ever told anyone to buy stocks on the dip and use the profits to pay your mortgage at the end of the month. Your time horizon needs to me measured in years, not months.
If you bought an S&P 500 index fund in any of those bear markets, there was time within the next few years that you did terrific.
But you know more about finance than Larry Kudlow, obviously. He's associated with Trump, so he can't be competent and dedicated, it's not humanly possible. He has to be an idiot and a crook.
YOU are the one acting as if a month matters, by stating (correctly) that if you bought when the DJIA was at 25k, you are now down. It doesn't matter how you're doing 7 days later. It matters how you did from the time you bought, to the time you sold.
Even professionals who try to time the bottom, usually can't do it, and often they wait too long and get back in when things have rebounded higher. You don't want to miss much of the rebound, because that's the opportunity.
If you buy a good mutual fund today with money you won't need for a few years, there's a 95% chance you'll make a killing. Ask anyone who bought in late 2008 or early 2009.
No one here saw you make a post about the economy until 10 days ago. You are giddy about this because you see the political opportunity. And you're right to be giddy about it from that perspective, as Biden had little chance if the DJIA was at 30,000 and more importantly, if unemployment was below 4%. The level of the DJIA means absolutely nothing to anyone who isn't selling that day. Unemployment levels, matter a lot more.
You've never posted once about the benefits of low unemployment during this administration. Not once. If it skyrockets, how long before you post? The first report that unemployment shot up (and it's likely coming soon, could easily be over 10% soon), you'll quickly ejaculate and then post about it.
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No #^&#^&#^&#^& sherlock
What's your point?
I said no bear market has ever been over in a month, are you saying one has?
If you have a limited amount of capital and want to limit your risk, wait.
If you think this market has bottomed out or is even close, feel free to buy now.
All I said is that you have time, no bear has ended in a month.
You claimed that you would borrow to buy, odd that you haven't, all hat no cattle, full of baloney as usual.
Numbers matter and buying an index fund when the dow is at 15K is better than 29K
And just think, even if you bought in 07 you are better off today.
Glad you can read minds and decide my motives, your super powers are amazing. I leave the praising of Trump* to you, you are relentless in your fealty.
Senator Burrs comments from 3 weeks ago to a private meeting about the expected ramifications of coronavirus show just how much this administration has been hiding from the public what will be known to history as the Trump* plague. |
Frasier: Niles, I’ve just had the most marvelous idea for a website! People will post their opinions, cheeky bon mots, and insights, and others will reply in kind!
Niles: You have met “people”, haven’t you?
Lets Go Darwin
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03-19-2020, 08:46 AM
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#15
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Registered User
Join Date: Jun 2012
Location: Somerset MA
Posts: 9,111
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The markets haven't operated in the real world in a long time , companies with crazy valuations, even with no profit, investors up up and away mentality, taking risks Thinking Trump will prop up the market , and save them... these are the same people who are tanking the markets, running for the hills while hoping for a bail out
Yet in Trump town his supports change gears again
The end game was always to crash our economy as it was what they think will hurt Trump. Sorry folks but it just gives me more resolve to reelect him!
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03-19-2020, 09:07 AM
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#16
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Registered User
Join Date: Jul 2008
Posts: 20,428
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Quote:
Originally Posted by wdmso
The markets haven't operated in the real world in a long time , companies with crazy valuations, even with no profit, investors up up and away mentality, taking risks Thinking Trump will prop up the market , and save them... these are the same people who are tanking the markets, running for the hills while hoping for a bail out
Yet in Trump town his supports change gears again
The end game was always to crash our economy as it was what they think will hurt Trump. Sorry folks but it just gives me more resolve to reelect him!
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My god man, stick to things you know. A month ago, the forward P/E ratio of the S&P 500 was not anywhere near crazy. It wasn't fake or speculative like the tech boom.
Whose end game was to crash the economy, exactly? Trumps? |
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03-19-2020, 12:19 PM
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#17
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Registered User
Join Date: Jul 2008
Posts: 20,428
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Quote:
Originally Posted by Pete F.
No #^&#^&#^&#^& sherlock
What's your point?
I said no bear market has ever been over in a month, are you saying one has?
If you have a limited amount of capital and want to limit your risk, wait.
If you think this market has bottomed out or is even close, feel free to buy now.
All I said is that you have time, no bear has ended in a month.
You claimed that you would borrow to buy, odd that you haven't, all hat no cattle, full of baloney as usual.
Numbers matter and buying an index fund when the dow is at 15K is better than 29K
And just think, even if you bought in 07 you are better off today.
Glad you can read minds and decide my motives, your super powers are amazing. I leave the praising of Trump* to you, you are relentless in your fealty.
Senator Burrs comments from 3 weeks ago to a private meeting about the expected ramifications of coronavirus show just how much this administration has been hiding from the public what will be known to history as the Trump* plague.
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"I said no bear market has ever been over in a month"
Why did you say that? WHo needed to be told that?
You also criticized Kudlow foe telling people to buy on the dip. When the DJIA gets back to 29,000, people who bought when he said will make a good return.
"If you have a limited amount of capital and want to limit your risk, wait."
Wrong. Wrong, wrong, wrong. Because hw can you possibly know how long to wait? Because it could rebound, and you'd miss out. If you want to limit your risk, "you use dollar cost averaging", which means you out in a little now, a little later, a little after that.
"If you think this market has bottomed out or is even close, feel free to buy now"
I have absolutely no clue when it's bottoming out, so I'm buying every time it goes down 5%.
Let's attack this from a different angle, Pete. How will you know when it's bottomed out, how will you know when it's time to get back in? When Paul Krugman says so?
"All I said is that you have time, no bear has ended in a month"
Your dimentia is worse than I suspected, because you said more than that. You criticized Kudlow. |
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03-18-2020, 07:52 PM
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#18
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Idiot
Join Date: Jul 2012
Location: Glastonbury, CT
Posts: 2,287
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I think a year and a half is extreme... I hate to be crass, but I feel like we’re looking at 2 months before people will start to weigh what’s worse:
The crumbling of modern society as we know it
Or
People dying from coronavirus
I don’t look forward to the ramifications of either of those decisions
Posted from my iPhone/Mobile device
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03-19-2020, 05:47 AM
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#19
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Very Grumpy bay man
Join Date: Nov 2003
Location: Rhode Island
Posts: 10,533
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Bailed out 2 years ago. Everything we have is in CDs and R/E
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No boat, back in the suds.  
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03-19-2020, 08:56 AM
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#20
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Registered User
Join Date: Dec 2002
Posts: 8,718
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Don’t get discouraged by his supporters Wayne. You are better than that. Stick to your guns and try to understand that there will always be differing opinions. That is what makes us the greatest country in the world.
Posted from my iPhone/Mobile device
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03-19-2020, 03:32 PM
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#21
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Registered User
Join Date: Dec 2002
Posts: 8,718
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If any of you knew a good economist then your money would have been moved 3 weeks ago.
👌
Posted from my iPhone/Mobile device
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03-19-2020, 04:22 PM
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#22
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,557
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I made enough day trading today to pay 3 months rent
Posted from my iPhone/Mobile device |
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03-19-2020, 04:37 PM
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#23
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Registered User
Join Date: Jul 2008
Posts: 20,428
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Quote:
Originally Posted by Nebe
I made enough day trading today to pay 3 months rent
Posted from my iPhone/Mobile device |
That doesn't happen every day, congrats! |
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03-19-2020, 05:35 PM
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#24
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,557
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Quote:
Originally Posted by Jim in CT
That doesn't happen every day, congrats!
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Thanks. Hopefully I can replicate.
Posted from my iPhone/Mobile device |
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03-19-2020, 07:32 PM
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#25
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Registered User
Join Date: Jul 2008
Posts: 20,428
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Quote:
Originally Posted by Nebe
Thanks. Hopefully I can replicate.
Posted from my iPhone/Mobile device
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id like to subscribe to your newsletter! give us some stock picks...
Posted from my iPhone/Mobile device |
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03-19-2020, 08:34 PM
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#26
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,557
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Quote:
Originally Posted by Jim in CT
id like to subscribe to your newsletter! give us some stock picks...
Posted from my iPhone/Mobile device
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Look for the most beaten down BEFORE the chit hit the fan. The Saudi Russia oil spat has caused a crisis in shale production, but they are still pumping (for now) and have to transport it. So.....
Pipeline stocks.
I’m not an expert but I’m no dummy either.
Trump is touting that we are buying up any excess oil and filling the strategic oil reserves which I believe can hold 300 million more barrels.
With the war powers enacted l believe he may put tariffs on imported Saudi oil to prop up shale producers or even throw up an embargo.
Do your own due diligence of course.
Posted from my iPhone/Mobile device |
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03-19-2020, 06:44 PM
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#27
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Registered User
Join Date: Jun 2012
Location: Somerset MA
Posts: 9,111
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After Blowing $4.5 Trillion on Share Buybacks, Airlines, Boeing, Many Other Culprits Want Taxpayer & Fed Bailouts of their Shareholders
Posted from my iPhone/Mobile device
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03-19-2020, 07:31 PM
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#28
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,557
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Wait for the cruise ship industry to ask for a bailout. You know... the ones who’s ships are all registered in foreign ports to evade taxes
Posted from my iPhone/Mobile device
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03-20-2020, 07:18 AM
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#29
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Registered User
Join Date: Jun 2012
Location: Somerset MA
Posts: 9,111
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Heres a question for you market guys
How is a 1000 or 1200 dollar 1 time check going to help anyone realistically. Or is this just to help the markets .
A 1000 bucks barely covers 1 months rent or 500 a car payment
Clearly something is better than nothing
But wouldnt frezzing interest and loan payment on mortages, cars, rent with out penalties help more Americans
By having those payments added to the end of their loans
Posted from my iPhone/Mobile device
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03-20-2020, 07:59 AM
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#30
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Registered User
Join Date: Jul 2008
Posts: 20,428
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Quote:
Originally Posted by wdmso
Heres a question for you market guys
How is a 1000 or 1200 dollar 1 time check going to help anyone realistically. Or is this just to help the markets .
A 1000 bucks barely covers 1 months rent or 500 a car payment
Clearly something is better than nothing
But wouldnt frezzing interest and loan payment on mortages, cars, rent with out penalties help more Americans
By having those payments added to the end of their loans
Posted from my iPhone/Mobile device
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because if a huge volume
of people spend that extra money, it helps the small businesses recover from the crushing lack of rev he thats pulverizing them now.
shortens the length of time it takes for businesses to recover lost revenue, which means less layoffs, and that’s a key thing.
The $1,000 doesn’t change anyone’s life. but it will help keep people employed as that money is spent and re spent.
Posted from my iPhone/Mobile device |
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