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

Chatbrat 03-29-2020 05:21 PM

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

Jayhawk 03-29-2020 05:37 PM

Quote:

Originally Posted by Chatbrat (Post 1736347)
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

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.

rockandroller 03-29-2020 05:39 PM

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

Chatbrat 03-29-2020 06:02 PM

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

Jayhawk 03-29-2020 06:10 PM

Quote:

Originally Posted by Chatbrat (Post 1736366)
we have way more than we can spend as it stands--

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

:bigbow:

DianeM 03-29-2020 06:29 PM

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

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

Chatbrat 03-29-2020 06:42 PM

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--

DianeM 03-29-2020 06:44 PM

Quote:

Originally Posted by Chatbrat (Post 1736400)
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

Nope. I start buying this week.

TexaninVA 03-29-2020 07:24 PM

Quote:

Originally Posted by Chatbrat (Post 1736347)
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

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

DeanFL 03-29-2020 07:56 PM

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!

diane reynolds 03-30-2020 05:02 AM

Quote:

Originally Posted by Jayhawk (Post 1736354)
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.

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

jedalton 03-30-2020 05:08 AM

Quote:

Originally Posted by DianeM (Post 1736389)
You do what makes you comfortable. I’m buying because I believe in America

me too

jedalton 03-30-2020 05:08 AM

Quote:

Originally Posted by DianeM (Post 1736401)
Nope. I start buying this week.

me too

swooner 03-30-2020 05:09 AM

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

ladyarwen3 03-30-2020 05:12 AM

i am with you. Buy low, sell high


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