Down goes the Dow

Giles Corey wrote:

Racket wrote:

Well Giles the BOOMERS have made it so me and my MILLENNIAL cohort haven't been able to buy in at all because of their ridiculous and UNFAIR monetary policies and stupid prices (but they've gotta be able to afford that sweet overpriced boomer bait on bringatrailer.com somehow!). Don't even get me started on HOUSING PRICES and FOREIGN INVESTMENT.

Huh?

You have implied that you are not invested in the equities market. When do you claim to have gotten out? R U now saying that you could not afford to get in? If so, how do you plan to buy in soon?

i mostly trade futures Giles.

stocks are for 401ks, RSUs, and pensions. that's what i have vanguard for. if the Dow goes lower than I'll double my contribution because I want some of that 11 year bull market juice that everyone in 2008 got

speaking of 11 year bull market, I believe the bottom of the 2008-2009 crash was 11 years ago to the day. Happy birthday to the bull market!

Racket wrote:

agip wrote:

some stout hearted and cash rich will put in some absolutely ridiculous buy orders in case of a flash crash sort of thing. stocks or etfs down 50%, that kind of thing.

shorting VIX futures because we're going up when cash open starts. gonna get on some NQ shorting as well once the circuit breakers turn off (how is that even constitutional!?!)

dammit

NYSE hits first circuit breaker. 15 minute shutdown.

The store shelves may be empty but we can get all the stock we want, 20% off, no lines.

I just bought a tech ETF, VGT. Will continue to buy.

You just KNOW that this little mini rally will fail.

But on the other hand, if you KNOW that, you are probably wrong and it is the start of a big rally.

On the other hand.,...

agip wrote:

The store shelves may be empty but we can get all the stock we want, 20% off, no lines.

I just bought a tech ETF, VGT. Will continue to buy.

You are buying at the second down wave, wrong move, there will be 3-4 waves at least.

VIX seems to be not calculable. To infinity and beyond!

Calvin K wrote:

agip wrote:

The store shelves may be empty but we can get all the stock we want, 20% off, no lines.

I just bought a tech ETF, VGT. Will continue to buy.

You are buying at the second down wave, wrong move, there will be 3-4 waves at least.

you are probably right.

But I'm buying with money I'll need in the year 2030 or so. Not too worried about the afternoon of March 9, 2020.

agip wrote:

VIX seems to be not calculable. To infinity and beyond!

Options chains are probably at least partially frozen and also premiums on puts are just stupid at this level.

good piece on how to handle these things

https://thereformedbroker.com/2020/03/09/im-here-to-remind-you/

I'm thinking about buying REITs in size.

They are down 15% but at these interest rates should be very appealing.

They can refi their debt...and their dividends will be very appealing.

VIX at 60...!

It's a masscre

all those people who say they are cool and will buy on the dips...well how cool are youse?

Meanwhile, I'm trying to buy but Schwab isn't filling orders.

agip wrote:I'm thinking about buying REITs in size.

They are down 15% but at these interest rates should be very appealing.

They can refi their debt...and their dividends will be very appealing.

I started buying into REIT ETFs about 3 weeks ago ahead of the crash. They are down, not quite as much as the market they belong with. Hopefully they will rebound more sharply given the very favourable interest rates.

markets not functioning correctly. Whatever prices we are seeing may not be representative of actual prices.

agip wrote:

all those people who say they are cool and will buy on the dips...well how cool are youse?

Meanwhile, I'm trying to buy but Schwab isn't filling orders.

No one is. Couldn't get orders filled on IB for a while. Spreads are loney

agip wrote:

all those people who say they are cool and will buy on the dips...well how cool are youse?

Meanwhile, I'm trying to buy but Schwab isn't filling orders.

Just bought some SPYs. A very tiny nibble. I’m on Fidelity. Price quotes do seem wonky, but for the amount I’m buying I’m not fussed. I just want a stakeholder at these levels