Down goes the Dow

Whole State University of New York system closed for remainder of semester: http://www.wicz.com/story/41882092/breaking-gov-cuomo-shuts-down-all-of-suny-system-til-end-of-march

“Fair value”?

In any case, I now hope that we see it. I think this 20% was just the normal froth being blown off, same as always—except this time, there is virus crap.

Cheap oil, who knows what the net effect will be in the US.

Futures looking a bit green, for now. Look for a bump when Drumpf speaks, maybe green tomorrow (again). Then look for bad/worse news to drag things down again.

Will the fed really not cut rates again? Last time was a total bust.

Yes I know re-fi’s are up.

Maserati wrote:

“Fair value”?

In any case, I now hope that we see it. I think this 20% was just the normal froth being blown off, same as always—except this time, there is virus crap.

Maserati wrote:

American and european virus news will get worse. More stress everywhere. Not buying yet.

News will continue to get worse for at least 2 months it seems

Futures now down, but anything can happen. I am still watching lenders.

Burn it down. ?

Abeneziel wrote:

Odds are that the market could still lose 20-30% of its value the following months.

Exactly what are the odds?

wondering wrote:

Abeneziel wrote:

Odds are that the market could still lose 20-30% of its value the following months.

Exactly what are the odds?

100% chance that the market will regain lost value in future months. You can take that to the bank.

Bib #1 wrote:

wondering wrote:

Exactly what are the odds?

100% chance that the market will regain lost value in future months. You can take that to the bank.

That is actually very wrong. History would say ten years from the high.

You really need to avoid posting on things you know little about.

Futures headed south....way down south.......

Tech's got a long ways to go down. NVDA $245. No froth removed. Was $140s for a few months last year.

Resident troll Bad W. railing about future traders? Is he communist? Yet he has a 401k he's very worried about by all his posts saying everything is ok.

hey losing 2% now is a lot less money than losing 2% a month ago...

Falling like a rock, over 600 now. Of course the cash markets are the big deal.

? BURN. IT. DOWN. ?

Ghost of Igloi wrote:

Futures headed south....way down south.......

Should've kept my YOLO puts. They shake you out. They really do...

and a friendly reminder that off the bottom in march 2009 the market rallied more than 60% through the end of the year.

And yes people were saying in March 2009 'nah market never got cheap don't buy much more downside to go.'

as an aside, march is the new October.

The market peaked in march 2000. It bottomed in March 2009. It crashed in March 2020.

I am told that there are some good buys out there right now, if you know what you’re doing and if you want to hold long-term. ATM I meet neither of those criteria.

Ghost of Igloi wrote:

Bib #1 wrote:

100% chance that the market will regain lost value in future months. You can take that to the bank.

That is actually very wrong. History would say ten years from the high.

You really need to avoid posting on things you know little about.

Ten years is 120 months. So yes, months.

Do you have a “No bad days” sticker on your car with the palm trees? Perhaps need to change that to a pick, shovel, mound of dirt, and a deep hole.?