Can they suspend trading before tomorrow?
- Thread starter 57stratdawg
- Start date
Wouldn’t be a bad idea but the question would be, when do you start back? BC I don’t see this upheaval dying down in the next cpl weeks.
I wouldn’t be shocked to see us back at the 18,000 mark at some point before this thing bottoms out.
The futures this time of night don't mean a lot. The futures were down 700 from of much much lower base the moment Trump won.
Not saying tomorrow is a good day or a bad day, but I wouldn't put too much into what the futures are saying right now.
I think the total draw down is 20-30%. We hit 20% today. The financial crisis was a 50% draw down. I think the measures that we're taking will slow the rate of growth from what it was going to be, but it's still going to be far reaching.
Not saying tomorrow is a good day or a bad day, but I wouldn't put too much into what the futures are saying right now.
I think the total draw down is 20-30%. We hit 20% today. The financial crisis was a 50% draw down. I think the measures that we're taking will slow the rate of growth from what it was going to be, but it's still going to be far reaching.
Yeah - no ban on cargo. Only applicable to people visiting from certain European countries.
Wonder where the “UK is exempt” thing came from?
Wonder where the “UK is exempt” thing came from?
There will be a recovery. May take 6 weeks, 6 months, or a year, but it will rebound. Not to get political, but now that it’s apparent that Trump or Biden will be the next POTUS, some of those jitters will subside. If we can get a handle on COVID-19, expect the market to roar back.
Same here. Increased my fixed assets by 10% on the Tuesday rebound. Wish I’d done 40-50%.
Sounds simple enough. That's assuming a couple of things though: A) the virus slows down as the weather warms & B) it doesn't pick back up next fall.
I think you're going to see uncertainty in the markets probably throughout the remainder of the year.
I think you're going to see uncertainty in the markets probably throughout the remainder of the year.
I just don't get why someone rides out 20% down side then sells out at 25%. I don't claim to know where we're going to bottom, but financial crisis was long lasting damage to economy and market lost 50%. This is likely to be 2 quarters max, unless virus mutates and is unstoppable, and the market should have a really hard rebound then grind higher. Folks who sell out down 25% will probably buy back in after the market rebounds 20%.
Selling out completely is the wrong strategy outside a systemic risk to the financial system. If you sell out completely, you haven't done a proper financial plan, which a proper financial plan puts the portfolio through multiple stress test scenarios that are long lasting and short term and MUCH MUCH worse than what we're seeing now and even worse than the financial crisis. When you have a diversified portfolio and assets that aren't strongly correlated, you should be willing to ride out these periods because your financial plan has shown you have a 90-99% chance of success 10 years past your life expectancy (we usually use age 90-95).
Have a plan. Stick with it. Panic is not a strategy.
Selling out completely is the wrong strategy outside a systemic risk to the financial system. If you sell out completely, you haven't done a proper financial plan, which a proper financial plan puts the portfolio through multiple stress test scenarios that are long lasting and short term and MUCH MUCH worse than what we're seeing now and even worse than the financial crisis. When you have a diversified portfolio and assets that aren't strongly correlated, you should be willing to ride out these periods because your financial plan has shown you have a 90-99% chance of success 10 years past your life expectancy (we usually use age 90-95).
Have a plan. Stick with it. Panic is not a strategy.
I gave the board great advice
I told y’all to short the cruise line stocks a couple days ago because I just bought in, I thought they were bottomed out. Did any of y’all listen to Nostradamus over here?
I told y’all to short the cruise line stocks a couple days ago because I just bought in, I thought they were bottomed out. Did any of y’all listen to Nostradamus over here?
You're misinformed if you think mutual funds are panic selling. However, retail investors do panic and sell the fund and then the mutual fund manager has to raise cash (sell stocks) to keep up with redemptions.
Lots of ETFs out there own a ton of stocks. ETFs get sold and the underlying stocks get sold too and that's PASSIVE investing that's doing that.
I bet hedge funds are shorting these stocks.
It's mainly algorithms that have sell programs (Hedge funds, quantitative funds, pension funds) and they're all triggered right now for various reasons but mainly news headlines and technical levels being breached creating the sell signals as fundamentals have not yet deteriorated and in fact jobless claims fell today and US Bank CEOs yesterday said consumer spending has not fallen...yet. Retail investors can take advantage of this volatility though if they're smart about it.
Lots of ETFs out there own a ton of stocks. ETFs get sold and the underlying stocks get sold too and that's PASSIVE investing that's doing that.
I bet hedge funds are shorting these stocks.
It's mainly algorithms that have sell programs (Hedge funds, quantitative funds, pension funds) and they're all triggered right now for various reasons but mainly news headlines and technical levels being breached creating the sell signals as fundamentals have not yet deteriorated and in fact jobless claims fell today and US Bank CEOs yesterday said consumer spending has not fallen...yet. Retail investors can take advantage of this volatility though if they're smart about it.
I couldn't believe you did that. You're just gambling buying a leisure stock at a time like this.
You should be adding to solid companies down here.
You should be adding to solid companies down here.
Sorry, i forgot you know your **** and was speaking simply.
Yes, im aware much of selling is now algorithm based and no longer a bunch of people staring at screens who decide to manually press the mouse buttons to sell every time.
What I meant by the prior comment was that individuals panicking is only a result of what they see and trying to salvage what little they have in life(for many/most). Taking a high level long term view is easy in an academic setting or when the person impacted is so well off that they can actually take advantage of the collapse. Many(most?) dont have that scale.
The stock market is one of the many things I know very little about. They were trading near their lowest points since 2009. I put a small amount of money on them, because I like the product, and I think the cruise industry will be just fine in another year. Also, if you own 100 shares of stock, you get on board credit every cruise. At the price I paid, that will be like a 5% dividend on one, CCL, and 3% on the other, RCL, every time I sail. I just saw people panicking and I tried to get on it. I did not buy Norwegian stock because they do not pay a dividend. I like stocks that pay dividends. I think I’ll be alright in time. If not, I won’t miss a mortgage payment.
He sounded like it on the radio, too. like he was have having real trouble breathing.
Damn Obama!
Damn Obama!
I think you are correct. It may get down below 20k at some point, but it will rebound during the summer.
You always assume the worse though. You act like every single person in this country is poor and marginalized.
Not going down that road with you. You get too many threads locked.
Not going down that road with you. You get too many threads locked.
I encourage you to study historical bear markets and the historic overvaluation of today's markets.
We could easily see 50%+ more in losses from current valuations.
We could easily see 50%+ more in losses from current valuations.
It’ll be fine in a year. I bought it at less than a third of what it was 2 months ago. I’ll still get on board credit when I sail, so that is the dividend I was referring to. They also pay a quarterly dividend. It may be low or zero for the rest of this year, but it will be back. What other stocks are people dumping at a higher rate than others?
If it helps yalls feelings, I'm retiring in two weeks and while it doesn't help my feelings to look at my accounts, technically I haven't lost anything until I sell it. My market investments are for income 5-10 years down the road. My immediate money is in CD's or buried in a mayonnaise jar in the back yard. I've already bought back into the market three times thinking it had hit bottom to no avail, probably will again. Until you sell it, it's just numbers on a piece of paper.
I have a balanced portfolio that has taken some hits. I sold off two companies that have a lot of interests in China, but only to hold the cash -- I plan to buy them back after this bump is over. Most US companies are strong enough to weather this out. Some companies may have to make temporary moves to deal with it, but I feel my company choices can weather it out. Also, selling these stocks on the low end helps deal with capital gains next tax season.
I dont think everyone is poor and marginalized. I havent said or suggested that.
So much wealth is centralized with so few though, to the point that even those in the 80th% view themselves as close to not being able to maintain their lifestyle.
As for threads being locked- nope, dont put that **** on me. I almost never start a political discussion within a thread. Responding to something that is inaccurate/lies may lock a thread, but thats on the poster who submitted that crap to begin with.