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-   -   We're in deep poop (https://www.talkofthevillages.com/forums/current-events-news-541/were-deep-poop-304578/)

/mm04 03-30-2020 05:18 AM

Quote:

Originally Posted by Chatbrat (Post 1736366)
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 03-30-2020 05:47 AM

Quote:

Originally Posted by /mm04 (Post 1736502)
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 03-30-2020 05:55 AM

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

rbrooks817 03-30-2020 05:57 AM

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 03-30-2020 05:57 AM

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

dewilson58 03-30-2020 05:58 AM

Future look good at this second.

golfing eagles 03-30-2020 06:02 AM

Quote:

Originally Posted by dewilson58 (Post 1736526)
Future look good at this second.

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

Drdoug49 03-30-2020 06:04 AM

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 03-30-2020 06:17 AM

Buy a stock.

If the market goes up, sell it.

If it goes down, don’t buy it.

Leadbone1 03-30-2020 06:19 AM

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 03-30-2020 06:30 AM

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 03-30-2020 06:38 AM

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.

Quote:

Originally Posted by Drdoug49 (Post 1736533)
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 03-30-2020 06:46 AM

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

ts12755 03-30-2020 06:50 AM

Be positive.

PJackpot 03-30-2020 06:56 AM

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


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