We're in deep poop

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  #1  
Old 03-29-2020, 05:21 PM
Chatbrat Chatbrat is offline
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Default 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
  #2  
Old 03-29-2020, 05:37 PM
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Originally Posted by Chatbrat View Post
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.
  #3  
Old 03-29-2020, 05:39 PM
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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!



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Old 03-29-2020, 06:02 PM
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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
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Old 03-29-2020, 06:10 PM
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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.

  #6  
Old 03-29-2020, 06:29 PM
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Quote:
Originally Posted by Chatbrat View Post
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
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Old 03-29-2020, 06:42 PM
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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--
  #8  
Old 03-29-2020, 06:44 PM
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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.
  #9  
Old 03-29-2020, 07:24 PM
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Quote:
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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=
  #10  
Old 03-29-2020, 07:56 PM
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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!
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Old 03-30-2020, 05:02 AM
diane reynolds diane reynolds is offline
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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.
  #12  
Old 03-30-2020, 05:08 AM
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Quote:
Originally Posted by DianeM View Post
You do what makes you comfortable. I’m buying because I believe in America
me too
  #13  
Old 03-30-2020, 05:08 AM
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Nope. I start buying this week.
me too
  #14  
Old 03-30-2020, 05:09 AM
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This guidance is from the Doctors who advise the President. If it were up to his hunches we'd all be dead already.
  #15  
Old 03-30-2020, 05:12 AM
ladyarwen3 ladyarwen3 is offline
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i am with you. Buy low, sell high
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