We're in deep poop

[Chatbrat]

The Pres. has just extended , all guidelines to Apr. 30--anyone wanna bet we're going to be in the same boat till Sept 1

Not just health, but the mkt down to 10000. if we're lucky

[Jayhawk]

The Pres. has just extended , all guidelines to Apr. 30--anyone wanna bet we're going to be in the same boat till Sept 1


What data do you have that differs from the guidance from the President? How about we follow his direction and maybe you will be wrong.

[rockandroller]

Milestones of the Dow (https://www.cnbc.com/id/18274839/)

March 1999 – The once-unthinkable 10,000 is reached.

September 2002 – The Dow bottoms out at 7701.45

December 2003 - The Dow reclaims the 10,000 level.

July 17, 2007 -- The Dow trades above 14,000.

And then, 2008!



https://thebesttravelplaces.com/wp-content/uploads/2016/02/Scariest-Roller-Coasters-in-the-world.jpg

[Chatbrat]

All I know is tomorrow morning I'm totally selling all my equities--there is no way we can turn the mkts around by labor day- 4 months of total negativity, I'll be sitting pretty with cash when things turn around as long as I'm still alive--I'm 77 --we have way more than we can spend as it stands--take my advice when the Pres says stay put till Apr 30--its the beginning

[Jayhawk]

we have way more than we can spend as it stands--

We are lucky there are folks like you who can donate large amounts and support those in need.

:bigbow:

[DianeM]

All I know is tomorrow morning I'm totally selling all my equities--there is no way we can turn the mkts around by labor day- 4 months of total negativity, I'll be sitting pretty with cash when things turn around as long as I'm still alive--I'm 77 --we have way more than we can spend as it stands--take my advice when the Pres says stay put till Apr 30--its the beginning

You do what makes you comfortable. I’m buying because I believe in America

[Chatbrat]

I'll buy back in the fall, the mkt has always been lousy from May till Sept--this is not a normal mkt, save your cash, you'll make a real killing if you wait--3-4 months of negativity isn't good--the old adage don't fight the FED, now its don't fight the virus--till we get ahead of it- stimulus is just treading water-the economy will be happy to keep its head above water--

[DianeM]

I'll buy back in the fall, the mkt has always been lousy from May till Sept--this is not a normal mkt, save your cash, you'll make a real killing if you wait--3-4 months of negativity isn't good

Nope. I start buying this week.

[TexaninVA]

The Pres. has just extended , all guidelines to Apr. 30--anyone wanna bet we're going to be in the same boat till Sept 1

Not just health, but the mkt down to 10000. if we're lucky

Yes, I think the market and our 401Ks just took another hit= :pray:

[DeanFL]

Earlier last week I moved a chunk of cash (getting 1.6%) to 2 American Mutual Funds - Growth&Income & Small Cap World. I expect by the end of 2020, my gains will be 20-30%

Too bad we all need to ride this out much longer, it will certainly delay the Market rebound, re-employment and rebuild small business. But I have to believe it will be BOOMtime in 2021, and would not be surprised to see a 23000 Dow by midyear.

As for now I'd rather be in the RED ($$$-wise) than DEAD (bodywise).

Hang in there everybody. Attitude IS important. Hunker Down, be cautious, and wash up!

[diane reynolds]

What data do you have that differs from the guidance from the President? How about we follow his direction and maybe you will be wrong.

You may if you choose, follow him. I choose to follow scientists and doctors.

[jedalton]

You do what makes you comfortable. I’m buying because I believe in America
me too

[jedalton]

Nope. I start buying this week. me too

[swooner]

This guidance is from the Doctors who advise the President. If it were up to his hunches we'd all be dead already.

[ladyarwen3]

i am with you. Buy low, sell high

[/mm04]

All I know is tomorrow morning I'm totally selling all my equities--there is no way we can turn the mkts around by labor day- 4 months of total negativity, I'll be sitting pretty with cash when things turn around as long as I'm still alive--I'm 77 --we have way more than we can spend as it stands--take my advice when the Pres says stay put till Apr 30--its the beginning

Foolish. You only lose if you sell in a down market. Hold on and ride this out.

[golfing eagles]

Foolish. You only lose if you sell in a down market. Hold on and ride this out.

Correct. You should have sold when the US senators with the insider info sold:1rotfl::1rotfl::1rotfl:

[Skunky1]

Where are you going to put all that cash? Inquiring minds wanna know.

[rbrooks817]

Best financial advice I've heard, just watch the trading trends of our Intelligence Committee members and you will make out like a bandit.

[skip0358]

I'm spending still.Came in with nothing and going out the same way!

[dewilson58]

Future look good at this second.

[golfing eagles]

Future look good at this second.

Really? Dow futures down 53, world markets down 0.5-1.5%

[Drdoug49]

Real estate will also take a massive hit in TV. How can you show the lifestyle, with no definitive start date. People portfolio down 30%, grim times ahead for TV real estate as well

[Polar Bear]

Buy a stock.

If the market goes up, sell it.

If it goes down, don’t buy it.

[Leadbone1]

Stop with the doom and gloom. Have heard at least two renowned doctors say that they think by the middle of April we will have hit the Apex. President Trump may just be being overly cautious. If he sees that things change I’m sure he will adjust. As to the stock market, I wish I had $100,000 laying around that I didn’t need. I would be buying stock till hell wouldn’t have it. A lot of these folks that sold during this temporary artificial Set back I believe will be sorry. When this passes the market is going to zoom back up

[rlcooper70]

Do we know what is the correct response to this?

Remember that our reaction may have been delayed because we defunded the Pandemic Team and defunded the Kirchhoff teams plan to ready the US after the 2014 Ebola scare ... and ended the NSC Directorate for Global Health Security and Biodefense ... we know why we are here now.

We don't know where we are going except that a lot of people are dying. So you may be right that we will still be in deep trouble in September ... and until there is a vaccine will we be afraid to go near anyone else? Times have changed.

[biker1]

Your portfolio is only down 30% if you are entirely in equities. At the typical ages of those in The Villages, being entirely in equities would not be a smart move unless you plan to leave it all to your heirs.

Real estate will also take a massive hit in TV. How can you show the lifestyle, with no definitive start date. People portfolio down 30%, grim times ahead for TV real estate as well

[Skunky1]

Today’s daily sun finally got on board with COVID-19 with front page headlines. Better late than never.

[ts12755]

Be positive.

[PJackpot]

Bad move....unless you intend on dying over the next few months.

[Kerry Azz]

You may if you choose, follow him. I choose to follow scientists and doctors. feel free to follow him he has made to many mistakes regarding COVD 19, I agree it’s time to listen to the scientist and health professionals. Things are moving to fast in our country for the worse. I’m thinking it’ll be a horrible ride for those who believe the market is going to turn around any time soon.:MOJE_whot:

[greenflash245]

I wouldn't doubt it. the way people seem to disobeying the rules

[prntxpresn]

Buy gold & silver commodities - they will skyrocket according to financial advisor. Also said it will be worse than 1929!

[skyking]

I'll take that bet. S&P futures up more than .5 % now. Nervous investors make others rich.

[Heyitsrick]

Your portfolio is only down 30% if you are entirely in equities. At the typical ages of those in The Villages, being entirely in equities would not be a smart move unless you plan to leave it all to your heirs.

Using real numbers, a 30% hit on a $1,000,000 portfolio is a $300,000 loss from the highs. I don't know what "only" means in your dictionary, but that's very significant.

Subsequently, you'd need a 42.8572% gain from that hit to $700,000 to bring it back to $1,000,000.

Yes, obviously no one in retirement age should be all-in on equities to begin with.

[merrymini]

Market adjustment was bound to happen after riding so high. As to not opening things up til April 1, people will just start to ignore these severe guidelines. Restrictions should start easing up in the coming month, especially if the numbers start to look better to restart the economy. I think some of the medical people may be erring on the side of caution, not that it is not correct, but this is a new virus and it may start getting better sooner than expected.

[Bridget Staunton]

What data do you have that differs from the guidance from the President? How about we follow his direction and maybe you will be wrong.
Great idea we should always follow the directive of our president

[justjim]

All I know is tomorrow morning I'm totally selling all my equities--there is no way we can turn the mkts around by labor day- 4 months of total negativity, I'll be sitting pretty with cash when things turn around as long as I'm still alive--I'm 77 --we have way more than we can spend as it stands--take my advice when the Pres says stay put till Apr 30--its the beginning

Sorry to hear. I’m not an expert by any means but my opinion is that now is not a good time to sell and take such a loss. However, it’s up to each individual to do what they think is best in their particular situation. Best wishes, Jim

[Henryk]

What data do you have that differs from the guidance from the President? How about we follow his direction and maybe you will be wrong.I wouldn't believe this "president" if he said the sun will rise tomorrow. I believe Fauci.

[LiverpoolWalrus]

Correct. You should have sold when the US senators with the insider info sold:1rotfl::1rotfl::1rotfl:

I don't understand why some people are getting trashed for selling in *mid-February* as if they had “insider information.” They were already late. The first case was diagnosed on January 21. The second came a few days later. That's when many of us decided to sell. Nobody criticized us for listening to the news and acting based on previous knowledge of how the market tends to behave under these conditions.

[erojohn]

If any one here feels that strongly you should be shorting the market. Put your money where your mouth is. That’s what makes a market.

[collie1228]

All I know is tomorrow morning I'm totally selling all my equities--there is no way we can turn the mkts around by labor day- 4 months of total negativity, I'll be sitting pretty with cash when things turn around as long as I'm still alive--I'm 77 --we have way more than we can spend as it stands--take my advice when the Pres says stay put till Apr 30--its the beginning

I refuse to worry about the stock market. Timing a market bottom is a fool's errand for sure, but this morning I started moving back into the market by purchasing an ETF that should be a growth engine whenever the markets turn around. Do I expect to lose money in the short run? Absolutely. Do I expect to make money by buying a quality ETF when it's on sale? Absolutely.

[Heyitsrick]

I don't understand why some people are getting trashed for selling in *mid-February*!!! They were already late. The first case was diagnosed on January 21. The second came a few days later. That's when many of us decided to sell. Nobody criticized us for listening to the news and acting based on previous knowledge of how the market tends to behave under these conditions.

I couldn't care less about what other people's opinions are about when/if to sell investments. There are those that say "don't sell - buy low!". I look at things differently. I benefited greatly from market increases over many years. I sold this year when I was down a grand total of 4.5% from the market highs.

My mission is to preserve capital at this time, not worry about this buy low / sell high mantra. I can easily respond to those who repeat the buy low / sell high philosophy that I DID sell high. I sold after making a great deal of money in market gains over the years. Did I sell at the absolute high of this market? No, but trust me - I've preserved tremendous gains I've made over time. And I'm sleeping quite well, lol.

If you don't need your market investments for daily living plus for doing the things you want to do in life, then fine - let it all ride. Chances are it will reward you over time. But if your nest egg is at risk and your own standard of living could be threatened by losses, that's an entirely different matter. Time can be your enemy in that regard.

[bp243]

Dr Fauci convinced the president. At least the president is listening to the pandemic experts!

[Dr Winston O Boogie jr]

The Pres. has just extended , all guidelines to Apr. 30--anyone wanna bet we're going to be in the same boat till Sept 1

Not just health, but the mkt down to 10000. if we're lucky

I think that it will go on longer than Sept 1. The spread will only slow when we start approaching 80% infected. Then we will still have the virus around.

The only thing that may stop this is if the drug combination of Hydroxy Chloraquine and Z-Pak is approved by FDA and US manufacturers begin making huge amounts of it.

There are two problems with that. It usually takes years to get that kind of approval and it's never done without thousands of tests. The second problem is much of the material that is used to make those drugs comes from China. I don't know if we have enough raw materials in this country to fulfill the demand.

I don't what kind of power the president has over the FDA and it might be that congress needs to get involved. But the president can invoke the DPA to force drug companies to make Hydroxy Chloraquine and Z Paks.

But until there is a cure we'll be stuck in our current position.

A vaccination is at least a year away.

[rphil11ort]

The Pres. has just extended , all guidelines to Apr. 30--anyone wanna bet we're going to be in the same boat till Sept 1

Not just health, but the mkt down to 10000. if we're lucky

You to get a positive outlook

[silverh]

yes, it certainly will extend until September if villagers continue to have parties and congregate at the town square not practicing social distancing and staying at home. Perhaps they are bored renters? In any case, I understand Sumter County Sheriff's office is unable to stop gatherings BUT can stop and ask them to please follow Presidents and Governors guidance on 6 ft social distancing !

[skyking]

All I know is tomorrow morning I'm totally selling all my equities--there is no way we can turn the mkts around by labor day- 4 months of total negativity, I'll be sitting pretty with cash when things turn around as long as I'm still alive--I'm 77 --we have way more than we can spend as it stands--take my advice when the Pres says stay put till Apr 30--its the beginning

Let's see. Currently the NASDAQ is up 2.3%. S&P up 1.9%. Great advice.

[OhioBuckeye]

The Pres. has just extended , all guidelines to Apr. 30--anyone wanna bet we're going to be in the same boat till Sept 1

Not just health, but the mkt down to 10000. if we're lucky

I’ll bet you if he would of said the middle of April people would of raised more h _ _ _ about that if it didn’t end on the exact date. Guess you didn’t listen to what he said in the Rose Garden yesterday. He explained why he used April 30th as a tenitive date. Yea, it might not be over until Sept. 1st. There’s no magic wand! We’ve all got to be patient.

[New Englander]

I think that it will go on longer than Sept 1. The spread will only slow when we start approaching 80% infected. Then we will still have the virus around.

The only thing that may stop this is if the drug combination of Hydroxy Chloraquine and Z-Pak is approved by FDA and US manufacturers begin making huge amounts of it.

There are two problems with that. It usually takes years to get that kind of approval and it's never done without thousands of tests. The second problem is much of the material that is used to make those drugs comes from China. I don't know if we have enough raw materials in this country to fulfill the demand.

I don't what kind of power the president has over the FDA and it might be that congress needs to get involved. But the president can invoke the DPA to force drug companies to make Hydroxy Chloraquine and Z Paks.

But until there is a cure we'll be stuck in our current position.

A vaccination is at least a year away.



Maybe not. I have a positive feeling that scientist's around the world are working on a vaccine non stop. :pray:

[donfey]

The Pres. has just extended , all guidelines to Apr. 30--anyone wanna bet we're going to be in the same boat till Sept 1

Not just health, but the mkt down to 10000. if we're lucky
This thread has switched from a medical safety one to a financial one. Both are important. As to the physical one, I'm still waiting for "The Rest of the Story." Are the hand washing, no hand shaking, keep a safe distance guidelines that are extended, which make sense anyway, or is it keeping closed for business for another month? I think, and hope, that it's the former only.

[TexaninVA]

[/COLOR][/I][/B]

Maybe not. I have a positive feeling that scientist's around the world are working on a vaccine non stop. :pray:

There's no doubt medical scientists around the world are working 24x7 on ways to mitigate / "cure" / prevent Covid19 for lots of reasons.

Anyone who does this successfully will reap billions ... which is fine with me.:coolsmiley: Free market in action.

[skyking]

The Pres. has just extended , all guidelines to Apr. 30--anyone wanna bet we're going to be in the same boat till Sept 1

Not just health, but the mkt down to 10000. if we're lucky

Down to 10,000 if we're lucky? Take a pill Chicken Little. If I had free cash I would be buying.

[BobnBev]

All I know is tomorrow morning I'm totally selling all my equities--there is no way we can turn the mkts around by labor day- 4 months of total negativity, I'll be sitting pretty with cash when things turn around as long as I'm still alive--I'm 77 --we have way more than we can spend as it stands--take my advice when the Pres says stay put till Apr 30--its the beginning

Panic selling is NOT the way to go

[Byte1]

I have a lot more confidence in how this president handles the crisis than the previous one. I have confidence that if there is a recession, this one will have the country recover in a lot shorter time period. Just my opinion, and we will see how it pans out. America has gone through a lot harder times than this, and came back a shining beacon for the rest of the world. Stress and hysteria does not help anyone. It only shortens lives. Think of it as an interesting footnote in history; something to tell your great grandkids about. I wonder when the ration cards will be issued. Think I will go out and fill my gas tank before gasoline is rationed. I know, I know the reason for the gas rationing was because of the war shortage and it does not pertain to this situation. No need to make a difficult time into a total disaster. Things could be worse than this. It's not like we are fighting a war in Europe and in Asia.

[Jack58033]

Chatbrat. Your right but late. Richard Burr is my broker.

[leiban20]

The Pres. has just extended , all guidelines to Apr. 30--anyone wanna bet we're going to be in the same boat till Sept 1

Not just health, but the mkt down to 10000. if we're lucky

lets pray the lord to protect us and pray for the world
just keep distance and stay at home please

maria simonetti

[LoganW]

Hope you have an Adviser.....

[Boston1945]

Buy gold & silver commodities - they will skyrocket according to financial advisor. Also said it will be worse than 1929!

I just dumped my financial advisor last week.Been paying him for his part for way to long.He never told me weeks ago about buying toilet paper.Missed out big time.

[dewilson58]

Really? Dow futures down 53, world markets down 0.5-1.5%




Yes.


When I looked, there were up and they been up most of the day.

[skyking]

Dow Industrial
22,327.48 690.70 +3.19%

NASDAQ Composite
7,774.15 271.77 +3.62%

S&P 500
2,626.65 85.18 +3.35%

[Jayhawk]

Buy gold & silver commodities - they will skyrocket according to financial advisor. Also said it will be worse than 1929!

If he knows this to be a fact, why is he still working for a living?

:shocked:

[mikemalloy]

If he knows this to be a fact, why is he still working for a living?

:shocked:

His adviser is William Devane.

[OhioBuckeye]

The Pres. has just extended , all guidelines to Apr. 30--anyone wanna bet we're going to be in the same boat till Sept 1

Not just health, but the mkt down to 10000. if we're lucky

I'll make this as short as I can. If you have NETFLEX watch a movie called "OUTBREAK". It's about a world virus & it's so much like the CORONAVIRUS that we're going through now it's scary. Plus it has China or some Asian country involved in it. Just watch 1 hr. of it & you'll see how close it is to Coronavirus. Plus the movie was made long before we heard about the Coronavirus. Unbelievable how it's like we're going through now!

[DonH57]

I'll make this as short as I can. If you have NETFLEX watch a movie called "OUTBREAK". It's about a world virus & it's so much like the CORONAVIRUS that we're going through now it's scary. Plus it has China or some Asian country involved in it. Just watch 1 hr. of it & you'll see how close it is to Coronavirus. Plus the movie was made long before we heard about the Coronavirus. Unbelievable how it's like we're going through now!

If I remember correctly Dustin Hoffman played an army infectious disease doctor in this movie.

[skyking]

If he knows this to be a fact, why is he still working for a living?

:shocked:

Yes. He is selling gold and silver.

[skyking]

The Pres. has just extended , all guidelines to Apr. 30--anyone wanna bet we're going to be in the same boat till Sept 1

Not just health, but the mkt down to 10000. if we're lucky

May 7, 2020 Futures

Dow 23,820

Nasdaq 9082

S&P 2875

I hope that you didn't sell everything (and it's not September).

[JP]

I bought back a little but I am still substantially out of the market. I still think the market is going to tank big time--maybe more than recently. There are 33 MILLION people without jobs and our government can't keep sending money forever. This is not a good scenario.

[Lindsyburnsy]

Guidance? LOL

[skyking]

I bought back a little but I am still substantially out of the market. I still think the market is going to tank big time--maybe more than recently. There are 33 MILLION people without jobs and our government can't keep sending money forever. This is not a good scenario.

May 18, 2020

Dow 24,549

NASDAQ 9252

S&P 2957

To make money in the market, someone has to sell.

[xkeowner]

The Pres. has just extended , all guidelines to Apr. 30--anyone wanna bet we're going to be in the same boat till Sept 1

Not just health, but the mkt down to 10000. if we're lucky

I will figure out how to get a cleaned and dressed crow if you are looking for lunch ideas.

[600th Photo Sq]

I'll make this as short as I can. If you have NETFLEX watch a movie called "OUTBREAK". It's about a world virus & it's so much like the CORONAVIRUS that we're going through now it's scary. Plus it has China or some Asian country involved in it. Just watch 1 hr. of it & you'll see how close it is to Coronavirus. Plus the movie was made long before we heard about the Coronavirus. Unbelievable how it's like we're going through now!

Well it's to late now but you should had a Headline " Spoiler Alert ". Oh Well.

I would have watched it today but you basically told
it from start to finish. :doggie:

[JoelJohnson]

You do what makes you comfortable. I’m buying because I believe in America

Warren Buffet believes in America too, but he is not buying (very much) now. He sold all his airlines. He is sitting on billions waiting for the right time to buy.

[ColdNoMore]

Warren Buffet believes in America too, but he is not buying (very much) now. He sold all his airlines. He is sitting on billions waiting for the right time to buy.

Yep...I'm with the Oracle of Omaha.

It's not so much the daily, or even weekly, prices that has me concerned...it's the at times hourly wild gyrations I'm watching.

The markets are a lot like large animal herds and sometimes, it doesn't take much to start a stampede.

The jury is still out if the herd will just wander around nibbling on newly found fresh grass and slowly get fatter...or all get spooked at one time.

[Bay Kid]

Our real estate market has taken off along the Chesapeake Bay. Stock money put into a great place in the country to live.