Where is the Bottom to Dow Jones?

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  #16  
Old 03-20-2020, 05:17 AM
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If U wait for the bottom you'll likely miss it, U can do several small buys on the way down
at the mini dips.
Always down averaging along the way.

Last time I took advice of a broker was '86 '87 told me buying a margin will make a lot of $$
Don't ask how that worked out
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  #17  
Old 03-20-2020, 06:22 AM
Cranford61 Cranford61 is offline
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Quote:
Originally Posted by retiredguy123 View Post
17,650
the bottom of the DJA was yesterday because I cashed out all my stocks at the opening bell. Voila, Dow tanks early so I lost even more, and ended up +188. I did this as a public service because historically, I move the markets. Buy and the markets fall, sell and the markets rise. No applause please.
  #18  
Old 03-20-2020, 06:42 AM
collie1228 collie1228 is offline
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The mainstream media likes to quote the Dow, as they are generally lazy and don't have to do any real reporting and it's easy. The real question is not when the Dow will rebound, but what great stocks are now on sale. For instance, Apple Computer, one of the best performing tech stocks ever, is now on sale at $247 a share, down from about $330 just a month ago. Yes, it may go down some more in the near future, but does anyone really believe that it's heyday is over? Not me. I'm dollar cost averaging my way back into this market, and Apple is on the top of my list.
  #19  
Old 03-20-2020, 06:47 AM
Eg_cruz Eg_cruz is offline
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Unfortunately nobody really knows so hang tight it will get better
  #20  
Old 03-20-2020, 06:48 AM
Dcurrie911 Dcurrie911 is offline
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I’m predicting two lows. The first will be directly related to the virus which I think will bottom at about 17500. The markets will start to recover but then the economic impacts will surface maybe 1-2 qtrs later sending the market down again. 13000-15000 depending on how long and how much more is shut down. IMHO
  #21  
Old 03-20-2020, 07:01 AM
noslices1 noslices1 is offline
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As low as it is right now, it’s probably a good time to buy, but only stocks that are guaranteed not to go BK. The futures are up 600 points already today, but I believe it will be up a bunch by fall.
  #22  
Old 03-20-2020, 07:08 AM
Marykess1802 Marykess1802 is offline
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Quote:
Originally Posted by DeanFL View Post
16,405

We should do a poll, winner gets...nothing.
Winner gets...toilet paper 🧻 I have a roll I can spare for such a valuable endeavor LOL
  #23  
Old 03-20-2020, 07:10 AM
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If they don't have strong balance sheets they may not survive.

the weak ones may borrow $$ but when they need to pay it back............
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  #24  
Old 03-20-2020, 07:31 AM
bragones bragones is offline
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Dow will bottom when COVID19 is demonstrably under control. Negative economic impact that will follow is likely already factored into today's depressed value.
  #25  
Old 03-20-2020, 07:42 AM
dcurrie947 dcurrie947 is offline
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Quote:
Originally Posted by Fishers2tall View Post
10,000
Love your greyhound! We have an IG!
  #26  
Old 03-20-2020, 07:42 AM
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If 1.5 trillion in aid don't stop the fall-there is no bottom.
  #27  
Old 03-20-2020, 07:45 AM
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if it don't they'll get more
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  #28  
Old 03-20-2020, 07:48 AM
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kinda on topic. I did not want to miss this 'downturn'. I have had a relatively large (for me) sum of liquid $$$ in Synchrony Bank, for emergencies, easy to access $$$ if cash if required. A week ago I decided getting (now) 1.8% was unwise considering the potential of great returns in the Market, eventually.

Contacted my investment guy - we invested 30% of that cash into American funds, Growth Fund and Small Cap World Fund. Both should provide a great return WHEN the Market makes the vertical move. Bought when the Dow was about 20,600. I will probably do the same $$$ move next week.

Little doubt the US Market will skyrocket later this year (if not earlier) - we may be back at 29,000 Dow in a year.

It's 'my kid's' money anyway... you know...
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  #29  
Old 03-20-2020, 07:48 AM
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kinda on topic. I did not want to miss this 'downturn'. I have had a relatively large (for me) sum of liquid $$$ in Synchrony Bank, for emergencies, easy to access $$$ if cash if required. A week ago I decided getting (now) 1.8% was unwise considering the potential of great returns in the Market, eventually.

Contacted my investment guy - we invested 30% of that cash into American funds, Growth Fund and Small Cap World Fund. Both should provide a great return WHEN the Market makes the vertical move. Bought when the Dow was about 20,600. I will probably do the same $$$ move next week.

Little doubt the US Market will skyrocket later this year (if not earlier) - we may be back at 29,000 Dow in a year.

It's 'my kid's' money anyway... you know...
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I have CDO. It's like OCD but all the letters are in alphabetical order - AS THEY SHOULD BE.
"Yesterday Belongs to History, Tomorrow Belongs to God, Today Belongs to Me"

Last edited by DeanFL; 03-20-2020 at 08:12 AM. Reason: dup
  #30  
Old 03-20-2020, 07:54 AM
Michael Charles
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Quote:
Originally Posted by DeanFL View Post
16,405

We should do a poll, winner gets...nothing.
Winner should get a 2 month supply of TP and hand sanitizer!!
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