Where is the Bottom to Dow Jones?

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  #1  
Old 03-19-2020, 12:36 PM
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Default Where is the Bottom to Dow Jones?

I was wondering if anyone has any insight to where Dow Jones bottom will be? Does anyone know?

My investment broker doesn't really know but is saying a loss of 35% is bottom. As usual, investment brokers are saying that long term investors should stay calm and not miss the upswing.

As of yesterday, the market was 1400 points above when Trump took office, (please, no political commentary).

I am staying put as I missed the downturn and don't want to miss the upswing. I timed the last downswing during last market upheaval and it turned out great.
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  #2  
Old 03-19-2020, 01:02 PM
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17,650
  #3  
Old 03-19-2020, 01:16 PM
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16,405

We should do a poll, winner gets...nothing.
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Old 03-19-2020, 01:31 PM
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15660
  #5  
Old 03-19-2020, 01:33 PM
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Quote:
Originally Posted by 2BNTV View Post
I was wondering if anyone has any insight to where Dow Jones bottom will be? Does anyone know?



No.
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  #6  
Old 03-19-2020, 01:36 PM
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Default How low??????

10,000
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  #7  
Old 03-19-2020, 01:40 PM
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That's the million dollar question
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  #8  
Old 03-19-2020, 02:57 PM
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I think OP was being facetious.
  #9  
Old 03-19-2020, 03:02 PM
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Quote:
Originally Posted by DeanFL View Post
16,405

We should do a poll, winner gets...nothing.
16,406 From years of watching the Price Is Right!
  #10  
Old 03-19-2020, 05:10 PM
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Quote:
Originally Posted by 2BNTV View Post
I was wondering if anyone has any insight to where Dow Jones bottom will be? Does anyone know?

My investment broker doesn't really know but is saying a loss of 35% is bottom. As usual, investment brokers are saying that long term investors should stay calm and not miss the upswing.

As of yesterday, the market was 1400 points above when Trump took office, (please, no political commentary).

I am staying put as I missed the downturn and don't want to miss the upswing. I timed the last downswing during last market upheaval and it turned out great.
Its down there with the GBP:USD FX.

2 weeks ago we put down our 20% deposit. Since then as a result of FX our home has risen $45k, and if it hits £1:$1 our hone will cost us $100k more...

So sell $ now at 1.15 and buy them back later when the return to 1.29.... We hope........god we hope it returns in the next 12 weeks
  #11  
Old 03-19-2020, 09:12 PM
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I am not selling in fact i am considering converting my bonds into equities.
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Old 03-19-2020, 09:27 PM
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Obviously no one knows, but around 11,800 would represent a 60% sell off from the highs and would be about what happened during the Great Depression. I am not saying that’s what will happen, but that’s probably an absolute worst case scenario.
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Old 03-19-2020, 09:31 PM
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My WAG is the absolute bottom will end up being around 17,500, but that will be in about a month from now...after the peak of cases/deaths is reached.

I'm also guessing, that because of the emergency stimulus' that are being reviewed/enacted, it will yo-yo in the next few weeks and even get back up to around +-22,000...before that April bottom is reached.

Since it's all a guess anyway, and my kids will eventually be the beneficiaries of the good/bad choices I've made, it will be interesting to revisit this thread...around tax time.

I'm just glad now that I decided not to be greedy around Christmas of 2018 when it dropped, then rose back to just below 26,000...and moved about 75% of my investments into mostly cash, cash equivalents and treasuries.

Of course, the other 25% predicated by FOMO...has taken a butt kickin'.

Last edited by ColdNoMore; 03-19-2020 at 09:40 PM.
  #14  
Old 03-19-2020, 09:45 PM
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Only The Shadow knows...
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  #15  
Old 03-20-2020, 05:01 AM
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Yes we all know where the bottom is but we are not sharing.
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bottom, miss, market, investment, upswing

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