Down goes the Dow

emerging market ETFs are basically flat...sounds like for today anyway, they are saying the bug has peaked in Asia. But certainly not elsewhere.

only 4% above the 200 day. Recenlty that has served as a day or two of support, then we go under it, then we rebound.

I'll probably look around for some trading cash when we get below the 200 day. Or if we hit vix 30.

Racket wrote:

It's interesting because I think the virus itself isn't the big concern (it's basically the flu), but rather the steps the government or private business will take to quarantine it and prevent spread. Like in China, where they shut down an entire city and surrounding factories. I think there's sort of a chicken-egg problem there but I don't know.

It’s much more than the flu. Mortality is so much higher even though life sustaining care is being provided in hospital settings. Most people recover from the flu at home, and don’t require quarantine.

If/when they start shutting schools and daycare etc down that will really throw a wrench into working parents’ lives.

Racket wrote:

Ghost of Igloi wrote:

Speculation has its costs. The lives that have been benefited by this nonsense is the top 10% of households not the other 90% that have very little in stocks. So your attempt at throwing shade needs a little daylight.

Well I hate to get in the way of your narrative :

https://qz.com/1700958/more-americans-own-stock-than-ever/

Also how do you feel about this being the 26th correction of 5% or more since March 2009 (each one of course was "the big one")?

The same way I feel about your investment philosophy.

Bib #1 wrote:

Ghost of Igloi wrote:

Kudlow’s on CNBC trying to put a floor on the market.

I wish I could see that, but I cut the cord on cable last week and don’t get cable nor live tv. $170 per month for xfinity seemed a bit excessive, after their last round of price increases.

Good for you!

We just turned on cnbc, no Kudlow, but the woman anchor who always strikes me as athletic.

Dow down 625 now, yes this sucks for some people.

Bib #1 wrote:

Racket wrote:

It's interesting because I think the virus itself isn't the big concern (it's basically the flu), but rather the steps the government or private business will take to quarantine it and prevent spread. Like in China, where they shut down an entire city and surrounding factories. I think there's sort of a chicken-egg problem there but I don't know.

It’s much more than the flu. Mortality is so much higher even though life sustaining care is being provided in hospital settings. Most people recover from the flu at home, and don’t require quarantine.

If/when they start shutting schools and daycare etc down that will really throw a wrench into working parents’ lives.

That, actually, is a good point. And I do remember reading that it has a higher mortality rate than the flu.

Ghost of Igloi wrote:

Racket wrote:

Well I hate to get in the way of your narrative :

https://qz.com/1700958/more-americans-own-stock-than-ever/

Also how do you feel about this being the 26th correction of 5% or more since March 2009 (each one of course was "the big one")?

The same way I feel about your investment philosophy.

My investment philosophy is to hang out at my job while my company provided stock options and RSUs vest over the next 10-15 years. Seems pretty safe

You’re smart guy, I am sure it will work out for you.

I think it will happen, but I hope not.

That’s the problem. Went to a mini-Target today, half the staff was off sick—flu, not corona. Bit what happens when half the powerplant is sick, or otherwise not at work? Etc

As I have told you, this is not good.

Dow now down over 700 today

only 3% above the 200 day.

VIX 29.2.

I may have to start buying tomorrow. That was fast.

I'd like to see it drop another couple thousand, but I like what I'm seeing so far.

As someone with no investing experience, assuming the next 2-6 months will be kind of a low point for the market and I good time to buy..

What types of stocks do you all suggest investing in? Or is it an across the board type of thing?

new to the game wrote:

As someone with no investing experience, assuming the next 2-6 months will be kind of a low point for the market and I good time to buy..

What types of stocks do you all suggest investing in? Or is it an across the board type of thing?

I keep it simple. These days all I do is go in and out of DIA (Dow industrials), SPY (s&p 500) or QQQ (nasdaq). QQQ tends to be most volatile but should have most upside in the long term. DIA will be slightly more idiosyncratic as it only represents 30 stocks but generally pays the biggest dividends. SPY is good for tracking the market as a whole. I don’t bother with small or mid cap, nor international. I’m strictly timing the market, putting in more money when I think the market is oversold, or selling when the market gets ahead of itself.

Put it into cd’s for a year while you play a few fantasy portfolios and learn more. Much more

agip wrote:

only 3% above the 200 day.

VIX 29.2.

I may have to start buying tomorrow. That was fast.

VIX has gone up way too high too fast. I have to imagine some buying will go down so that market makers can reduce their exposure at least

Racket wrote:

agip wrote:

only 3% above the 200 day.

VIX 29.2.

I may have to start buying tomorrow. That was fast.

VIX has gone up way too high too fast. I have to imagine some buying will go down so that market makers can reduce their exposure at least

Also, airline stocks are gonna take a hit from all this I imagine. Although oil is crazy low so that probably helps

new to the game wrote:

As someone with no investing experience, assuming the next 2-6 months will be kind of a low point for the market and I good time to buy..

What types of stocks do you all suggest investing in? Or is it an across the board type of thing?

Open an account, set up an autromatic payroll deduction, put 20% of every paycheck in, in 20 years you'll be a millionaire. You can thank me later.

“Remember, we’re talking about the US stock market that’s at bubble territory, nosebleed valuations, long in the tooth, the longest bull market in US history that has been fueled by the most monetary and reckless fiscal policy in US history. But this is a bubble in search of a pin. So, maybe the coronavirus is going to be the pin. But if we had a healthy market, if we had a healthy economy, it wouldn’t matter about the coronavirus. It’s because the economy is sick. That’s the problem, not the people who are infected with this virus.”

—Peter Schiff

I win