The Dow Jones is back BABY!!! Fasten your seatbelts - going to be a barnburner up to 30,000!

And so now here they go with their -4% bets again, and the herd will say "oh, no, down 4 already, better sell quick" and make it true. Jail them! Take them out of the equation and none of this would have happened.

Bad Wig Man, you should read your own posts, you’ve really lost it...

texan boi wrote:

It will not be 30,000 by July.

Bump

The DOW is now less than it was when Trump started three years ago.

NOW: 19,670 points

Then: 19,870 points

Trump is in negative territory for his term.

Conclusion: Sally is trapped in her burning barn.

I really wish but not keeping my hopes up wrote:

In my lifetime, I have never experienced a global crisis like this before.

No one alive has.

And that includes people who survived The Great Depression in the 1930s.

That was basically a big stock bubble where everyone kept pouring their savings into stocks because the kept going up.

Then it popped and many, many people lost their life savings.

That was followed by a long period of people afraid to invest and afraid to buy things. They held onto every cent, and that made it worse and prolonged it.

And the government did not deficit spend at all between 1929 and 1931. No help there.

In today's situation, people are being prevented from spending their money. So a fiscal stimulus won't help encourage people buy things that aren't for sale.

This could be devastating.

We will come out of it quicker because the federal government is more willing to step in to help in these modern times.

But not much can be done until the virus subsides.

You can't spend your way out of a health issue.

It’s a shame sally vix doesn’t make these dumb predictions more often.

jesseriley wrote:

It’s a shame sally vix doesn’t make these dumb predictions more often.

Jesse - just sit tight for 4 or 5 months. Things will be much different then.

jesseriley wrote:

It’s a shame sally vix doesn’t make these dumb predictions more often.

She says incorrect things frequently.

Down 8 to 10 again. And if you're gonna buy, do it now, cause by open tomorrow it's up another 5.

These speculators are just shaking the markets back and forth as hard as they can, and will keep doing it until the panic stops.

Sally Vix wrote:

Up close to 400 already today. Warmer weather going to wipe out this phony pandemic. Will be but a memory by July.

Bump, an idiot.

Bad Wigins wrote:

Down 8 to 10 again. And if you're gonna buy, do it now, cause by open tomorrow it's up another 5.

These speculators are just shaking the markets back and forth as hard as they can, and will keep doing it until the panic stops.

Those who buy diversified funds now will earn a 50% profit in a matter of months (maybe 5 months or maybe 12 or 15 months).

From March 11

Bad Wigins wrote:

Every time it goes up, it's for something real - rate cut, good earnings reports, etc. Every time something goes down, it's virus, virus, virus.

You made it sound like it was going down for fake reasons.

It was going down because investors saw future earnings would drop due to closings and shutdowns.

That's real.

And today you say " if you're gonna buy, do it now"

You sound confident that it will go up long term from here.

But the cause for earnings to drop is still there.

Service industries are closed and we don't know how long before they have sales.

Zoom up it goes 3% in the last 20 minutes, like a mob rushing into an elevator heading up to the 5th floor.

X-Runner wrote:

And today you say " if you're gonna buy, do it now"

You sound confident that it will go up long term from here.

.

Who said anything about "long term?" I'm talking about the mad volatility. If you had taken my advice 30 minutes ago, you could have made 3% and ducked out at the last minute, or likely 8% tomorrow morning.

If your'e not talking long term, then post the minute we should sell.

Otherwise, simply saying buy now doesn't mean anything unless you mean to hold long term.

X-Runner wrote:

If your'e not talking long term, then post the minute we should sell.

Otherwise, simply saying buy now doesn't mean anything unless you mean to hold long term.

There was a relatively well known study about 25 years ago that that dispelled the notion of stock-picking and market-timing. It is just not possible. It also determined that of one's portfolio performance, 96% can be attributed to diversity of the portfolio and only 4% to stock-picking and market-timing. Buy and hold is the only way to go.

Yeah, UK timed their exit from Europe perfectly - right before a pandemic. Now the pound is at a 35-year low vs the dollar. Short-term thinking, brilliant!

It's called a downtrend everyone. Stop buying!

The Schiller PE is still 22.71, as compared to historical mean of 16.70. Still over priced in my opinion. Certainly not a time to expect great returns.