We're in deep poop
 

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

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.

Milestones of the Dow

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-c...-the-world.jpg

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

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

:bigbow:

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

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--

Nope. I start buying this week.

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

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!

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

me too

me too

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

i am with you. Buy low, sell high

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:

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

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

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

Future look good at this second.

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

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

Buy a stock.

If the market goes up, sell it.

If it goes down, don’t buy it.

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

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.

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.

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

Be positive.

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

6 weeks wasted
 

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:

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

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

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

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.

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.

Great idea we should always follow the directive of our president

Selling stock
 

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

I wouldn't believe this "president" if he said the sun will rise tomorrow. I believe Fauci.

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.