VIX 72.
*long whistle sound*
VIX 72.
*long whistle sound*
the idiot wrote:
I had a good conversation with the spouse just now. Our plan is to white knuckle this thing and look for buying opportunities when the dust starts to settle. I have been buying some on the way down, and also selling a bit with the little bounces. This will sting a bit but not hurt us in a way we can't recover from, even if the markets lose 60-80%. Of course a drop like that will sting more...
Maybe both of us will need to work a few more years... :-)
My spouse semi-retired 12 months ago...so we lowered risk, calculated a monthly spend based on our net worth at that point.
Then 2020 came and we suddenly had far more money than we had expected.
Now that extra money is gone and we're back to where we were sometimes in 2018/2019.
Oh well.
Working is an under-rated way of making money. It works.
FWIW Wellstrade cash sweep is FDIC insured to $1M, if anybody cares. Never had a Wellstrade account before, hopefully it works out.
The cash run has begun. Put my order in. Another guy ordered $1M, which sounds ridiculous to me. Orders take 3 days to be filled.
Probably won’t be needed, but consider this a heads-up. Order now, before retail bank locations begin closing due to the virus.
Love the way the way a massive sell-off is called "volatility"!
Last minute spurt clinches a 10% Dow loss for the day (okay, 9.99%).
Total point loss: 2,350.
% loss = number 4 all time behind two at the start of the Depression and that one day plunge in 1987 (what went on there?). Worse than any day in 2008.
S+ P down 27% on three weeks.
Biggest one day point loss in history.
Supplanting 2 days ago
Uncle B wrote:Biggest one day point loss in history.
At the risk of repeating myself, this is a meaningless metric, what's pertinent is the % change. There have been 10% or greater daily changes in the past, but they are exceedingly rare.
the idiot wrote:
Our plan is to white knuckle this thing .. :-)
It's all good until you end up taking the whole fist...
jesseriley wrote:
Lots of corporate debt. I guess only Igy noticed. Of course Igy was also the biggest trumpanzee on the other thread.
Dump trump for mental incompetence and we can start to deal with the present disaster.
Shove it Commie!
In 124 years, the DJIA had 15 of it's 20 BEST days during the depths of the Great Depression from 1929 to 1933. Only 7 of it's 20 WORST days occured during that same time period.
This current overreaction will reverse and the bulls will come charging back.
DanM wrote:
In 124 years, the DJIA had 15 of it's 20 BEST days during the depths of the Great Depression from 1929 to 1933. Only 7 of it's 20 WORST days occured during that same time period.
This current overreaction will reverse and the bulls will come charging back.
crazy to realize but
a) the market has a 30% fall every five years, on average. And still we got the 10%/yr returns.
and
b) we had a 20% fall in 2018 and we already barely remember it.
weird thing today was the crash in bond ETFs...I think there was mass panic and they got knockd off their NAV pegs.
I'm curious to see how the bond mutual funds did...since they close on NAV, not a trading price.
lol, you're literally hoping for a repeat or the Great Depression to save you?
agip wrote:
DanM wrote:
In 124 years, the DJIA had 15 of it's 20 BEST days during the depths of the Great Depression from 1929 to 1933. Only 7 of it's 20 WORST days occured during that same time period.
This current overreaction will reverse and the bulls will come charging back.
crazy to realize but
a) the market has a 30% fall every five years, on average. And still we got the 10%/yr returns.
and
b) we had a 20% fall in 2018 and we already barely remember it.
the Dow had been up about 450% since 2008. Think about that. 450% over the last 11 years or so. The Dow dropped a lot but down to what? - 22,000? It is still up very much. And when everything stabilizes - the market takes off like gangbusters!
DanM wrote:
In 124 years, the DJIA had 15 of it's 20 BEST days during the depths of the Great Depression from 1929 to 1933. Only 7 of it's 20 WORST days occured during that same time period.
This current overreaction will reverse and the bulls will come charging back.
You are kidding yourself. Wait until the market puts a fork in tech stocks.
DanM wrote:
In 124 years, the DJIA had 15 of it's 20 BEST days during the depths of the Great Depression from 1929 to 1933. Only 7 of it's 20 WORST days occured during that same time period.
This current overreaction will reverse and the bulls will come charging back.
History supports your view.
^listen to Detector Dude (above) and you’ll lose your @$$, just in case -28% is enough
You need to learn some market history, K5.
Sally Vix wrote:
agip wrote:
crazy to realize but
a) the market has a 30% fall every five years, on average. And still we got the 10%/yr returns.
and
b) we had a 20% fall in 2018 and we already barely remember it.
the Dow had been up about 450% since 2008. Think about that. 450% over the last 11 years or so. The Dow dropped a lot but down to what? - 22,000? It is still up very much. And when everything stabilizes - the market takes off like gangbusters!
? You should quit posting while your ahead.