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-   -   Stocks tumble (https://www.talkofthevillages.com/forums/investment-talk-158/stocks-tumble-303136/)

jebartle 03-08-2020 12:57 PM
Quote:
Originally Posted by DAVES (Post 1725322)
Realize, we are being had. Say something often enough and people think it is true and it makes sense. We are being told the deficit is. truth I am loosing count, 26 Trillion dollars? Stop, think realize do we understand what one Trillion dollars is let alone 26 Trillion? Who do we owe that money to? Most of us would say China. I looked it up a while ago, actually we owe slightly more to Japan but more important, together Japan and China together hold roughly 20% of our National Debt. More shocking is that Social Security holds 40% of the national debt. All of this is simply insane accounting. If a company, a corporation was doing this we would expect, we would demand that our government close them down. The same government that is feeding us this same
information.
How to pay this debt? The answer is simple. You cannot pay this with a few $10,000 toilet seats. You have to cut the big stuff and that is Education, Military, and Welfare (Social Security) of course the people will scream. What they will say, what we will say is cut him not me. Increase his taxes not mine.
So far we've paid the deficit with slight of hand. Interest on a 10 year treasury is below 1%-the lowest in American history. Our Fed is telling us they want a 2% rate of inflation.
Oh and you, if you buy a Treasury pay whatever your highest Federal tax rate in that below 1% that they will pay you.
You are, we are being had.
Why not cut same percentage of EVERYTHING, deficit problem solved????

blueash 03-08-2020 02:15 PM
Quote:
Originally Posted by jebartle (Post 1725395)
Why not cut same percentage of EVERYTHING, deficit problem solved????
You know they tried that don't you? The Budget Control Act of 2011 was to equally cut defense and non-defense spending. It was based in part on the mandated expiration of the Bush tax-cuts due to end in 2012 which had increased the deficit. Of course those tax cuts were not allowed to expire [and more were enacted] . And of course, the bipartisan agreement to equally share the spending cuts between the military and non-military costs was thrown into the garbage by one side once they took control of the budget for later years.

Look it up for yourself. Don't trust my telling of history. Sequestration is a good search word.

rustyp 03-08-2020 02:23 PM
Quote:
Originally Posted by jebartle (Post 1725395)
Why not cut same percentage of EVERYTHING, deficit problem solved????
Then what do you do with the debt problem ?

jebartle 03-08-2020 03:04 PM
Quote:
Originally Posted by rustyp (Post 1725420)
Then what do you do with the debt problem ?
Same, same!

jebartle 03-08-2020 03:06 PM
Quote:
Originally Posted by blueash (Post 1725419)
You know they tried that don't you? The Budget Control Act of 2011 was to equally cut defense and non-defense spending. It was based in part on the mandated expiration of the Bush tax-cuts due to end in 2012 which had increased the deficit. Of course those tax cuts were not allowed to expire [and more were enacted] . And of course, the bipartisan agreement to equally share the spending cuts between the military and non-military costs was thrown into the garbage by one side once they took control of the budget for later years.

Look it up for yourself. Don't trust my telling of history. Sequestration is a good search word.
Vaguely remember. Cut congress benefits accordingly, hmmmm, pretty sure they won't go for that cut.

Kenswing 03-08-2020 08:07 PM
Looks like another bad day coming up tomorrow. The 5% down limit has already been triggered on futures.

ColdNoMore 03-08-2020 08:41 PM
Oil crashing...being one reason.


Stock market news live: Oil crashes, stock futures crater on coronavirus, crude war fears

MorTech 03-09-2020 12:00 AM
Whoa! The markets just got BitchSlapped by Russia...Oil at $28.

Buckle Up!

Fed a-gonna-be bailing.

rustyp 03-09-2020 06:43 AM
This is one I don't remember. Indeed this morning the futures are frozen at a projected 5% loss. Has this actually happened to FUTURES before since the stop mechanism has been instituted ? When the market opens and the futures indicate a loss of more than 5% do they let the market trade and then immediately shut it off as soon as the 5% is triggered ?

Europe markets are down 7%. Do they stop trading those markets like the US markets ?

rustyp 03-09-2020 07:19 AM
I did just learn on a financial network the markets do open even if the Futures are frozen at minus 5% and will close at the following trigger points if tripped:

- Minus 7% Close for 15 minutes
- Minus 13% Close an additional 15 minutes
- Minus 20% - Close for remainder of the day

Still haven't found what foreign market rules are.

Moderator 03-09-2020 07:20 AM
The topic is the state of the stock market.

A number of partisan political posts had to be removed.

Please stay on topic or the thread will be closed.

Moderator

ColdNoMore 03-09-2020 09:41 AM
US Stock Markets trading halted! :(


U.S. stocks halted as markets plummet on coronavirus fears [Video]

Kenswing 03-09-2020 11:27 AM
Quote:
Originally Posted by MorTech (Post 1725508)
Whoa! The markets just got BitchSlapped by Russia...Oil at $28.

Buckle Up!

Fed a-gonna-be bailing.
More like the Saudis called Russia's bluff then went all in.. lol

rustyp 03-09-2020 03:08 PM
Quote:
Originally Posted by vinricci (Post 1725265)
I’m buying Royal Caribbean and American Airlines on Monday.
Did you buy today ? I'm a chicken - I'm holding out for two consecutive significant up days. How do feel about big oil ? Will some of the giants continue to pay a dividend ?

alwann 03-09-2020 03:27 PM
Market
 
Tell me how much Warren Buffet lost so far and I won't feel as bad. Even so, those free dinner come-ons are having more appeal. :D

Kenswing 03-09-2020 03:28 PM
Quote:
Originally Posted by rustyp (Post 1725728)
Did you buy today ? I'm a chicken - I'm holding out for two consecutive significant up days. How do feel about big oil ? Will some of the giants continue to pay a dividend ?
Got Exxon at $43. That makes the dividend around 7%. They have a great dividend history but you never know. Will continue to accumulate on the way down.

rustyp 03-09-2020 06:26 PM
Quote:
Originally Posted by Kenswing (Post 1725731)
Got Exxon at $43. That makes the dividend around 7%. They have a great dividend history but you never know. Will continue to accumulate on the way down.
Yes - I'm looking at exactly that - Exxon. I forecast only the strongest of big oil surrives out of this romp. I would be leery of the cruise industry. I foresee a lot of regulation coming there. However airlines are a necessity and maybe worth a serious consideration.

tophcfa 03-09-2020 10:52 PM
This falling knife is very sharp. Don't try to catch it on the way down, wait until it hits the floor, and don't try to pick it up if it bounces off the floor, wait for it to firmly settle down on the floor.

MorTech 03-09-2020 10:55 PM
There is no way Our Rulers/Owners are going to allow oil under $50 for very long.

I figure free market discovery price for oil is about $30.

Energy is huge to USA financials...Putin knows this.

For all those who think the national debt is a huge problem, how much is the yearly nut to service the $23T debt?

MorTech 03-09-2020 11:57 PM
Quote:
Originally Posted by Kenswing (Post 1725673)
More like the Saudis called Russia's bluff then went all in.. lol
Check this out...Our Owners must be fuming at smug Putin :)

Russia swiftly reacts to bloodbath in markets, says it’s ready for $25 oil — RT Business News

Jack58033 03-10-2020 12:27 AM
Pandemic crashing. Oil prices crashing and the Saudis playing hardball. Credit markets shaking . Banks shaking with huge loans outstanding to the oil company's. Recession? You betcha. We are far from the bottom. Inexperienced leadership at the top. This will be a rough ride. Are your Annuities safe? Maybe. Sleep tight.

dewilson58 03-10-2020 12:59 AM
Quote:
Originally Posted by Jack58033 (Post 1725820)
Pandemic crashing. Oil prices crashing and the Saudis playing hardball. Credit markets shaking . Banks shaking with huge loans outstanding to the oil company's. Recession? You betcha. We are far from the bottom. Inexperienced leadership at the top. This will be a rough ride. Are your Annuities safe? Maybe. Sleep tight.



Not quite. :ohdear:




Market is up.




:ho:

Kenswing 03-10-2020 10:14 AM
I'm guessing there's a lot of short covering going on. Let's see if we can actually hold onto a gain today..

dewilson58 03-10-2020 03:04 PM
Quote:
Originally Posted by Kenswing (Post 1725977)
I'm guessing there's a lot of short covering going on. Let's see if we can actually hold onto a gain today..



She held.


I would love to see the market get back "to investing". Forget day-traders, Forget computer-trading. You purchase a stock and you must hold it a minimum of 30 days. I know, I know.................it sounds like a devil talking.


Thanks for a good day. :ho:

MorTech 03-10-2020 04:30 PM
Big bailouts coming for the "connected" 10%...At your grandchildren's expense...WooHoo! It's good to be a counterfeiting Central Banker Gangster...Great work if you can get it.

rustyp 03-10-2020 05:27 PM
Quote:
Originally Posted by MorTech (Post 1726066)
Big bailouts coming for the "connected" 10%...At your grandchildren's expense...WooHoo! It's good to be a counterfeiting Central Banker Gangster...Great work if you can get it.
Or maybe at the expense of your social security. Payroll tax holiday ?

CoachKandSportsguy 03-10-2020 05:47 PM
Today was in line with the last 9 same scenarios, bear market may be over
 
Twitter

Care of @bespokeinvest

S&P makes it 10 for 10 in rallying at least 2%+ on the day after a Monday 5%+ drop. Gained 4.94% today, slightly better than the average gain of 4.2%. http://bespokepremium.com

one can look at the chart and extrapolate that this time is similar to all the others, and that the market will be up at some time in the future. At some point the flu will pass, and maybe the oil price will return, however, those are not an immediate given. However, after waiting 100% in bonds in my 401K for over 18 months, I put 20% to work at 20 % down Monday close. I will put another 20-30 % to work at 30% down. But being patient is always a good idea.

The future is always uncertain, sometimes more uncertain than at other times.

sportsguy

Bay Kid 03-11-2020 07:00 AM
What goes up will come down. What comes down will go up. The guess is when?

dewilson58 03-11-2020 07:04 AM
Quote:
Originally Posted by Bay Kid (Post 1726173)
What goes up will come down. What comes down will go up. The guess is when?



Yep. And most market timers miss. :faint:

Chi-Town 03-11-2020 10:08 AM
Up a thousand, down a thousand. Sound familiar? But doubt if it has the staying power of 2008.

tophcfa 03-11-2020 11:37 AM
My advise would be not to get caught up in daily price movements, focus on volatility levels and longer term price trends. My expectation is for continued high levels of volatility with some up and some down days, but for the overall longer term trend to continue to be negative. When/if the Dow Jones hits 20,000 I am in at a 25% allocation. After that I will continue to add exposure each time the Dow declines another 1,500 points, if it happens. I hope my expectations are wrong, but it’s good to have a plan.

Kenswing 03-11-2020 01:24 PM
At what point does Boeing start to look attractive? lol

CoachKandSportsguy 03-11-2020 02:17 PM
Boeing looks attractive near zero. They have exhausted their first emergency draw on their line of credit and have now requested the max at $13 B or some number. When that is exhausted, bankruptcy

Chi-Town 03-11-2020 02:19 PM
S & P -6%. Can't wait for that bell to ring.

CoachKandSportsguy 03-11-2020 02:19 PM
Quote:
Originally Posted by tophcfa (Post 1726322)
When/if the Dow Jones hits 20,000 I am in at a 25% allocation.
I am back in at 50 % at SP500 2000, which is the plan, but I am short 1,000 shares of SPY until then

Good luck,

sportsguy

CoachKandSportsguy 03-11-2020 02:22 PM
They are targeting the circuit breaker of 7% at the close to trap peeps (from the rate of descent at this time of day) Its a prediction, at 3:20, not a fact, but has a shelf life of 40 minutes to come true, or not. Reasoning, the White House just declared Corona virus meetings classified from now on. Which is F* ridiculous. . .

Rapscallion St Croix 03-11-2020 03:27 PM
Quote:
Originally Posted by JimJohnson (Post 1722334)
If this wakes voters to reality, then I consider it god sent.
Wow, you mean COVID-19 can be eradicated by Executive Order or legislation and we just need the right people in office to get 'er done?

retiredguy123 03-11-2020 03:55 PM
So, the S&P 500 Index just closed at 2741. One year ago, it closed at 2783. No big deal.

MorTech 03-11-2020 07:20 PM
5 more down days like today and S&P 500 will be at fair value :)

rustyp 03-11-2020 07:37 PM
Quote:
Originally Posted by MorTech (Post 1726451)
5 more down days like today and S&P 500 will be at fair value :)
What is fair value ?


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