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Old 03-07-2020, 07:32 PM
ColdNoMore ColdNoMore is offline
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Quote:
Originally Posted by rustyp View Post
I truly hope you are not in the market heavy for Monday. The usual progressive disclosure is slowly taking place. I am not at liberty to disclose my source but I can pass on info a step above hearsay. Do with it what you want.- a major northeastern university is making plans to have any employee capable of working from home to do just that. Is also considering closing the semester after spring break. No students abroad at present aloud to return to school for the remaining of the semester. These are some serious impacts to the economy long term. Expand this thought process ! As a disclosure before being lambasted my primary concern is for all and I truly emphasize all of us here in TV to be healthy. But very concerned about our financial health. Until I see a good bounce back in the market of at least 2 - 3 consecutive days. I see nothing on the near term horizon that warrants that bounce.
Since the DOW's record closing of 29,551.42 set on Feb. 12, 2020, as of yesterday it is down about 12.5% from that high.

While I haven't shorted anything, the adjustments that I made about a year ago...have at least resulted in less than 1/4 of that loss.

While a loss nevertheless, I'm not changing anything soon and am satisfied with staying the course, even though certain people are touting this..."as a great time to buy."

There were those saying the exact same thing and touting that "the fundamentals are sound"...all during 2008 also.

Then again, those are mostly the ones who get paid for the trading itself...regardless of which way the market(s) move.