Down goes the Dow

That might not be a bad level at which to buy , agip. I, as usual, will wait and probably miss out on gains.

Things are too uncertain for this wimp?

Well that sucks. Not doing anything today, but I use IB

-1200 on the Dow today.

S&P gives back several months of gains.

That’s it? Only a few months? That’s NOTHING. Where did all those gains come from in only 4 totally meh months?

This is still nothing, in reality. It has just cleared out the gains from midsummer onwards when the big ramp happened.

This is critical for Drumpf. He NEEDS to reinflate before the election because he has hung his hat on the damn market.

He will do everything he can to do it, and the best route IMO is to make the best effort to defeat corona, especially in the US. I remain entirely skeptical if it can be done. Chinese production is a big thing, but european and american dislocations would also each be enormous.

The longer the virus goes, the stronger Bernie gets, and the worse prospects are for the markets.

I say again: watch creditors. Also, don’t buy a bounce, ultimately I think it will prove to be a head-fake before the public figures out that nothing has really changed.

IMO?

VIX 39!

This is what utter panic and fear looks like.

Time to start buying.

These markets of today are strange...we go practically a year without a correction...then we have the fastest correction in history. Other than 1929 or 1987.

I'll blame the machines running amok but I don't know.

sorry I had incomplete info: it's the quickest correction ever...after an all time high.

Vix could go higher yet.

Many of the talking heads are reciting their same old mantras, almost pleading that one accept their dogma.

I am still not buying, but I do believe that there will be big money to be made at some point.

CNBC guests like Siegel: “Fear is not an investment strategy.”

Which has nothing to do with markets, because equities are not investments.

All these guys talking book are sad and a bit irritating.

Maserati wrote:

CNBC guests like Siegel: “Fear is not an investment strategy.”

Which has nothing to do with markets, because equities are not investments.

All these guys talking book are sad and a bit irritating.

Wow, crazy day in the markets! Stepped away from the internet for a few hours for a social engagement, just checked in and wow! I lost hundreds and hundreds of imaginary dollars today. That’s not a brag about my investing acumen so much as a truth about the size of my holdings. :) Kidding, a little, but anyway the glass half full perspective is we will be getting a nice buying opportunity at some point..,

Hmmm, El Erian seemsnto be a bright spot.

We are sitting around watching a commercial-free post-mortem hour on CNBC. No popcorn, but the entertainment is worth a mint.

Not so crazy...technical guys floundered, one of whom is a friend. Bad day for them

Maserati wrote:

Hmmm, El Erian seemsnto be a bright spot.

We are sitting around watching a commercial-free post-mortem hour on CNBC. No popcorn, but the entertainment is worth a mint.

The dude just on had an ashen face, looked shell shocked, needed a stiff drink. But he was advising to buy with “your money.”

the idiot wrote:

Wow, crazy day in the markets! Stepped away from the internet for a few hours for a social engagement, just checked in and wow! I lost hundreds and hundreds of imaginary dollars today. That’s not a brag about my investing acumen so much as a truth about the size of my holdings. :) Kidding, a little, but anyway the glass half full perspective is we will be getting a nice buying opportunity at some point..,

Great film reference Igy, one of my all time favourites. Tonight a Czech gentleman across the dinner table made the point, totally unrelated to the markets, that life is too short, and you should take advantage of the limited time we have to make yourself happy. I used a partially filled dinner glass to illustrate my point of view about life, which can be summed up as, “the glass doesn’t know whether it’s half empty or half full,” meaning we each get to decide whether to frame any given situation in a positive or negative light. It turns out that the “glass half empty” idiom doesn’t exist in Czech, Croatian, Bulgarian or Polish languages., so my point landed with a thud. Which it may be doing again in this thread, I dunno... ?

And one episode more with feeling: I’m really concerned about this coronavirus, but from a public health and order perspective, not in relation to the markets. I never take cause and effect claims, especially but not only after the fact, between world events and market behaviour very seriously.

One can intellectually view bearishness as a glass half full if the behavior of others is fool hardy.