Down goes the Dow

agip,

i think you are an intelligent person and you should follow your own beliefs because no one knows. everyone is guessing, including me, because no one has been through this before.

I understand folks are gambling on finding the bottom... seems like a bad move to me ..but that's just my guess.

you are a long term investor, why not wait to let the uncertainty clear... what? you'd miss the first 5-10% up tick?

To each their own, best of luck.

Have to ask.... wrote:

agip,

i think you are an intelligent person and you should follow your own beliefs because no one knows. everyone is guessing, including me, because no one has been through this before.

I understand folks are gambling on finding the bottom... seems like a bad move to me ..but that's just my guess.

you are a long term investor, why not wait to let the uncertainty clear... what? you'd miss the first 5-10% up tick?

To each their own, best of luck.

why not wait? Because the market can move 20% in a week and they you lose most of the recovery.

Giles Corey wrote:

No reserve requirements.

What could go wrong?

More nonsense from the President of the Dunning-Kruger Club. You, and many others, have no understanding of the Fed balance sheet.

Reserve balances were almost $1.780 trillion as of last week; required reserves were $145.565 billion of that total.

Announced purchases of $500 billion treasuries and $200 MBS will add about $700 billion of reserves minus any increase of other Fed liabilities, e.g. Reverse Repos, currency in circulation, U.S. Treasury General Account.

agip wrote:

Have to ask.... wrote:

agip,

i think you are an intelligent person and you should follow your own beliefs because no one knows. everyone is guessing, including me, because no one has been through this before.

I understand folks are gambling on finding the bottom... seems like a bad move to me ..but that's just my guess.

you are a long term investor, why not wait to let the uncertainty clear... what? you'd miss the first 5-10% up tick?

To each their own, best of luck.

why not wait? Because the market can move 20% in a week and they you lose most of the recovery.

That 20% can go down as well. Not that I am advocating that position, just saying.....

I bought some SPY this morning

As I said, follow the strategy which you believe to be correct. You may be right!

I simply don't see a 20% instantaneous uptick due to the uncertainty, but what do I know.

More likely to rip the Bull heart out.

Have to ask.... wrote:

As I said, follow the strategy which you believe to be correct. You may be right!

I simply don't see a 20% instantaneous uptick due to the uncertainty, but what do I know.

no one saw the two week 20% pickup coming at the bottom of the financial crisis either.

Financial Advisor wrote:

Ghost of Igloi wrote:

Poor advice from a faux financial advisor.

Correct. That wasn’t the real Financial Advisor.

I JUST GOT LICENSED IN NEW YORK FOR FINANICAL ADVISING SO SAY IM NOT AN ADVISOR AGAIN AND WATCH WHAT HAPPENS, IM ABOUT TO GET MY UNION ON YOU

Like I said you might be right.

I just don't see it being the same thing, if you do, by all means don't miss it.

I'm willing to miss it because, as I've said, I think it's gambling and everyone is guessing.

VIX is at 80

Only a little more to hit that next circuit breaker...

Bam.

There is so much misunderstanding of so many things.

Not good. Was at banks today, downtown buildings are all interconnected, and everything was pretty much vacant. Very weird feeling. Looks like bars and restaurants will be closed where I am. School canceled until the end of March.

Finally some real response. Totally ridiculous? Maybe. Reality? Yes.

Drumpf and Fauci on tv now.

Didn't know so much money could get pumped into options. I guess people are trying really hard to escape bad positions and get exercised against on an unholy scale. My guess is that market makers don't have nearly enough liquidity for the amount of ETF redemption they're exposed to right now

Klondike5 wrote:

Down to 14,850 from a peak of 15,700 I believe.

Maybe 5%

What's the bottom?

I am betting sub 13,000

We may get there, still.

I think you are on to something, the effect of etf’s. A whole new market, and huge. Maybe a leading short-term indicator.

DJIA at close 1987-10-19: 1,738.74

DJIA at close 2020-03-16: 20,188.52

More than 11 times your money in 33 years.

Sounds like a good deal to me.

You put in any stink bids? I have, for 50% off the highs?

Who knows

Bailouts. Full-on socialism is not far over the horizon.

This shxt started a long time ago with interest, credit, hand-to-mouth, no savings, etc. High civilization is fragile, not robust.