I agree that this is way more than a mere correction. So, it is a correction plus a whole lot more. Saying there was a correction is different from saying there is only a correction.
I agree that this is way more than a mere correction. So, it is a correction plus a whole lot more. Saying there was a correction is different from saying there is only a correction.
back into the breach.
I suppose the hope is that the vix at 80 catches people on the backfoot and they are forced to buy to cover, squeezing the market into a sharp rise.
agip wrote:I suppose the hope is that the vix at 80 catches people on the backfoot and they are forced to buy to cover, squeezing the market into a sharp rise.
Hope springs eternal... :-) I share that hope, btw
Question to the boomers with money, is this what buying a house for 6 cents and a few coke cans in 2010 felt like? Did you know in 10 years you'd be a millionaire from doing absolutely nothing despite filling the house with tacky wallpaper and carpet (over hard wood floors lol)? Because that's how I feel right now buying into this stock market.
Millennials who let a once-in-a-generation dip go by officially replace boomers as dumbest ever
Racket wrote:
Question to the boomers with money, is this what buying a house for 6 cents and a few coke cans in 2010 felt like? Did you know in 10 years you'd be a millionaire from doing absolutely nothing despite filling the house with tacky wallpaper and carpet (over hard wood floors lol)? Because that's how I feel right now buying into this stock market.
Millennials who let a once-in-a-generation dip go by officially replace boomers as dumbest ever
big call.
Here's an interesting fact.
9 bear markets have happened since ww2.
the average bear market is around 30% down.
We are 30% down now.
So while the speed of it has been new, the severity is business as usual.
Which would suggest buying.
32% down just now.
also:
2019: Stocks up 31%
2020: Stocks down 30%
I wish I were better at stock picking - but that's where the money is going to made from here on out.
Great, great companies are down 50% or more. Maybe I'll just find some famous stock picker and copy his portfolio.
DXY way up, for the moment.
Everything is semi-closed here today, I guess the question is if this will cause panic, relaxation, or something in-between. Just got a call about a long-term family office that has just sold everything, literally. They were, and are, in for the long haul, but have been advised that there is too much uncertainty in the month ahead. Super-surprising to me that they did that, I will try to reach them for more details. I have a feeling the kids in their 40’s are being given more say in what happens.
But wow, after many decades to sell everything at this point? I am thinking it was a forced liquidation.
agip wrote:
I wish I were better at stock picking - but that's where the money is going to made from here on out.
Great, great companies are down 50% or more. Maybe I'll just find some famous stock picker and copy his portfolio.
Now that’s funny, I was just thinking the same thing—which is why I have been trying to divine exactly what Berkshire is buying. BRK doesn’t look to be down as much as most other things.
agip wrote:
I wish I were better at stock picking - but that's where the money is going to made from here on out.
Great, great companies are down 50% or more. Maybe I'll just find some famous stock picker and copy his portfolio.
There's a lot of companies down 30%-50% that should be either unaffected or do well in situations like this. Airlines and retail are definitely screwed (except maybe Target and Wal-mart based on the panic buying) but companies like Visa seem like an OK bet
Actually, I have been thinking of coughing up for 1 or 2 shares.
here's a tool to visualize stocks down a lot.
change the date filter on the left to 1 month to see what has fallen
Racket wrote:
Question to the boomers with money, is this what buying a house for 6 cents and a few coke cans in 2010 felt like? Did you know in 10 years you'd be a millionaire from doing absolutely nothing despite filling the house with tacky wallpaper and carpet (over hard wood floors lol)? Because that's how I feel right now buying into this stock market.
Millennials who let a once-in-a-generation dip go by officially replace boomers as dumbest ever
In 2009 you could have bought shares of companies which were absolutely not in danger of bankrupcy for a Price Earning Ratio of less than 7. Dividends only would had sometimes a yield of 7%+. We are clearly not there yet, especially if you factor in the bankrupcy risk that still exists and try to reevaluate the PER or dividends in the new context. 2009 paid the studies of both my children. I'm not yet buying this one. You do whatever you feel like.
Bad News wrote:
Racket wrote:
Question to the boomers with money, is this what buying a house for 6 cents and a few coke cans in 2010 felt like? Did you know in 10 years you'd be a millionaire from doing absolutely nothing despite filling the house with tacky wallpaper and carpet (over hard wood floors lol)? Because that's how I feel right now buying into this stock market.
Millennials who let a once-in-a-generation dip go by officially replace boomers as dumbest ever
In 2009 you could have bought shares of companies which were absolutely not in danger of bankrupcy for a Price Earning Ratio of less than 7. Dividends only would had sometimes a yield of 7%+. We are clearly not there yet, especially if you factor in the bankrupcy risk that still exists and try to reevaluate the PER or dividends in the new context. 2009 paid the studies of both my children. I'm not yet buying this one. You do whatever you feel like.
Doubt it'll get that bad but who knows. I'm looking at a 30% discount. If it goes further to 40% then meh, I'll buy more then too. I'm young, I got time
just bought lululemon.
women would crawl over glass to buy their stuff and the stock is down 40% or so
Investment quality corp debt is holding in there...that's a good sign. Right about the same for the last five days.
If that cracks, it would be bad news...few are assuming we'll have corporate bankrupcies. A few stocks going to zero by surprise would be a very bad thing.
All eight indexes on our world watch list posted losses through March 16, 2020. The top performer is China's Shanghai with a loss of 5.33%. Hong Kong's Hang Seng is in second with a loss of 14.75% and in third is India's BSE SENSEX with a loss of 17.33%. Coming in last is France's CAC 40 with a loss of 35.07%.
agip wrote:
just bought lululemon.
women would crawl over glass to buy their stuff and the stock is down 40% or so
Luxury clothing though? That's risky. Stuff like that is the first thing people cut back on in recessions.
Also, my new favorite economic indicator (the hot waitress index) is being completely throw out of whack because of the shutdowns
Portia wrote:
All eight indexes on our world watch list posted losses through March 16, 2020. The top performer is China's Shanghai with a loss of 5.33%.
Give it time. They're putting on a show to make it seem like they've somehow weathered the storm. Fvck 'em