Stock market!!!!
- Thread starter The motor guy
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I'm sure there is more room to go down, but in order to benefit from this low prices you got to be in there; gradual come back in it is the name of the WS gains; once the socks change the pattern WS will take off like a rocket but again it will take a time as the virus situation unfolds
Originally Posted by JeffKeryk
I expect the market to be rough for at least 2 months; perhaps then we might see the beginnings of stability.
I never thought the Dow would break 21,000; not even close.
The last 3 year's earnings are pretty much erased.
My portfolio is down a lot in dollar value; I understand that's a luxury problem.
Best of luck to everyone.
Ours too JeffK. Definitely the cause of getting up at 3:00 AM for the last week or so. Feel like we have more control over our health than the market. Regards
I expect the market to be rough for at least 2 months; perhaps then we might see the beginnings of stability.
I never thought the Dow would break 21,000; not even close.
The last 3 year's earnings are pretty much erased.
My portfolio is down a lot in dollar value; I understand that's a luxury problem.
Best of luck to everyone.
Ours too JeffK. Definitely the cause of getting up at 3:00 AM for the last week or so. Feel like we have more control over our health than the market. Regards
Originally Posted by ZZman
Many of these companies that bought back stock and paid out to shareholders should have saved up for a downturn.
You want free market, you get free market. I want them to take both the good and bad of the free market if that's what they want, not just the good part. When things are done someone will feast on their carcasses.
Many of these companies that bought back stock and paid out to shareholders should have saved up for a downturn.
You want free market, you get free market. I want them to take both the good and bad of the free market if that's what they want, not just the good part. When things are done someone will feast on their carcasses.
I bought DAL and CCL and plan to hold them for years. I didn't spend much, and plan to ultimately limit my spending to $1500-2K. However, if projections are correct, that should either be a 100% loss for me, or bloom to about $5-10K value over the next half decade. It was a gamble I'm willing to take, even knowing full well that I have zero experience in stocks, I do understand human nature, and all the stock market is, is a reflection of insecurities and securities, expressed as numbers.
Only interested in short term trades. We are still many months out from a real bottom. I will trade the ups on the downs. Nice rally is coming and then continuation of the descent. It may hold at 15,000+- if EVERYTHING is managed correctly. I don't see that happening so we may test some of the lows under that.
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Originally Posted by dareo
Feels like a bit of recovery today. I went DEEP into MGM and planning to hold for a year+ to get long term capital gains status. Check those casino stocks guys, Vegas will pull through.
It's not as bad as it was. At least now some are coming up instead of just all in the red.
Feels like a bit of recovery today. I went DEEP into MGM and planning to hold for a year+ to get long term capital gains status. Check those casino stocks guys, Vegas will pull through.
It's not as bad as it was. At least now some are coming up instead of just all in the red.
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Originally Posted by dareo
Feels like a bit of recovery today. I went DEEP into MGM and planning to hold for a year+ to get long term capital gains status. Check those casino stocks guys, Vegas will pull through.
It's not as bad as it was. At least now some are coming up instead of just all in the red.
Feels like a bit of recovery today. I went DEEP into MGM and planning to hold for a year+ to get long term capital gains status. Check those casino stocks guys, Vegas will pull through.
It's not as bad as it was. At least now some are coming up instead of just all in the red.
Originally Posted by motor_oil_madman
Originally Posted by dareo
Feels like a bit of recovery today. I went DEEP into MGM and planning to hold for a year+ to get long term capital gains status. Check those casino stocks guys, Vegas will pull through.
It's not as bad as it was. At least now some are coming up instead of just all in the red.
This is a small chapter in time.
It will pass
Originally Posted by dareo
Feels like a bit of recovery today. I went DEEP into MGM and planning to hold for a year+ to get long term capital gains status. Check those casino stocks guys, Vegas will pull through.
It's not as bad as it was. At least now some are coming up instead of just all in the red.
This is a small chapter in time.
It will pass
Eventually things will get better.
Originally Posted by Mr Nice
Eventually things will get better.
Yup, as soon as the people get tired of all the gloom and doom which is pretty near the bottom, things will pick up.
People get tired of mass media subjects and elected officials talking pretty rapidly, as soon as the latest story get boring, we will move to another subject and things rebound.
This latest extravaganza is going to be hard for the press to come up with something better but dont worry they will or the burnt out public will just be fed up with it and return to their lives..
Im way more afraid of the deficit then any virus or flu, I bet we will be at 30 trillion in a year or two. We are going to blow this budget deficit through the ceiling, people are going to love getting "free" stuff from politicians and they are going to get used to free stuff. That will be the next catastrophe in the coming decade, but until then! Buy ! *(L*
Meanwhile back on the ranch! Im positive on the market and stocks, to me, this year is looking like a great year to pick up some cheap stock, values unseen in quite some time, its going to be hard to make a mistake and pick a bad one.
Right now, the question is how much lower will they go, no one knows that answer yet because we still do not know when the public will get tired of all the gloom and doom, only to realize life goes on.
But once they start getting on with there lives again, there will be irrational euphoria just like there was panic before.
BTW, weather permitting, going with the wife to look for a new SUV today ...
) Was thinking next year but might get a better deal this year. We will see, Im in no rush and could care less which year I buy in, its up to the seller if they want my business on my terms or not ) Sooner or later someone always does.
Eventually things will get better.
Yup, as soon as the people get tired of all the gloom and doom which is pretty near the bottom, things will pick up.
People get tired of mass media subjects and elected officials talking pretty rapidly, as soon as the latest story get boring, we will move to another subject and things rebound.
This latest extravaganza is going to be hard for the press to come up with something better but dont worry they will or the burnt out public will just be fed up with it and return to their lives..
Im way more afraid of the deficit then any virus or flu, I bet we will be at 30 trillion in a year or two. We are going to blow this budget deficit through the ceiling, people are going to love getting "free" stuff from politicians and they are going to get used to free stuff. That will be the next catastrophe in the coming decade, but until then! Buy ! *(L*
Meanwhile back on the ranch! Im positive on the market and stocks, to me, this year is looking like a great year to pick up some cheap stock, values unseen in quite some time, its going to be hard to make a mistake and pick a bad one.
Right now, the question is how much lower will they go, no one knows that answer yet because we still do not know when the public will get tired of all the gloom and doom, only to realize life goes on.
But once they start getting on with there lives again, there will be irrational euphoria just like there was panic before.
BTW, weather permitting, going with the wife to look for a new SUV today ...
) Was thinking next year but might get a better deal this year. We will see, Im in no rush and could care less which year I buy in, its up to the seller if they want my business on my terms or not ) Sooner or later someone always does.
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As the layoffs increase, no doubt the market will keep getting hit.
I believe this is simply the first wave of the tsunami, the worse is yet to come.
I believe this is simply the first wave of the tsunami, the worse is yet to come.
Originally Posted by Mr Nice
As the layoffs increase, no doubt the market will keep getting hit.
I believe this is simply the first wave of the tsunami, the worse is yet to come.
Honestly?
I agree, It very well maybe the first wave and very well maybe the worst to come. Im talking financial, it could be the end of the economy for the foreseeable future.
Right now, I am operating on a, dont know the a good word for it, but my own theory that there will be industries that will benefit and others that can not fail.
If they did, well then it wouldn't matter if I lost everything in the market.
So, as you may know, my two picks as of today are banks and Walmart. Big Bank stocks have been slashed in half, if they get slashed in half again, the world is over anyway and WFC (Wells Fargo) has been trashed by past scandals and every bad news item you could think of, yet cash flow is huge and dividend (so far) has been rock solid for decades, now at 4 times earnings from 11 just a couple weeks ago, to me it would seem like a reasonable buy, they are not going to going out of business and if they did, life on this planet may not be worth living... ha ha...
Also many deals out there, across the board, I really do not spend much time researching and watching this stuff.
Just wanna have fun .. !
Its also why I may buy a new SUV today or next year, whatever feels right and keeping a sharp eye out for homes in Florida! *L* They really ran up in price the last few years and have seemed to settle down a bit lately, in the next year if they get trashed I might be moving to even warmer place then here in SC which was still much warmer then NY where we moved from.
With that said, not sure if I could live with the Florida traffic, part of the reason for escaping from NY.
As the layoffs increase, no doubt the market will keep getting hit.
I believe this is simply the first wave of the tsunami, the worse is yet to come.
Honestly?
I agree, It very well maybe the first wave and very well maybe the worst to come. Im talking financial, it could be the end of the economy for the foreseeable future.
Right now, I am operating on a, dont know the a good word for it, but my own theory that there will be industries that will benefit and others that can not fail.
If they did, well then it wouldn't matter if I lost everything in the market.
So, as you may know, my two picks as of today are banks and Walmart. Big Bank stocks have been slashed in half, if they get slashed in half again, the world is over anyway and WFC (Wells Fargo) has been trashed by past scandals and every bad news item you could think of, yet cash flow is huge and dividend (so far) has been rock solid for decades, now at 4 times earnings from 11 just a couple weeks ago, to me it would seem like a reasonable buy, they are not going to going out of business and if they did, life on this planet may not be worth living... ha ha...
Also many deals out there, across the board, I really do not spend much time researching and watching this stuff.
Just wanna have fun .. !
Its also why I may buy a new SUV today or next year, whatever feels right and keeping a sharp eye out for homes in Florida! *L* They really ran up in price the last few years and have seemed to settle down a bit lately, in the next year if they get trashed I might be moving to even warmer place then here in SC which was still much warmer then NY where we moved from.
With that said, not sure if I could live with the Florida traffic, part of the reason for escaping from NY.
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4WD
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Yep, Walmart and Amazon will hire a fair number of folks for this period … same with the big grocery chains.
Lots of trucking jobs too.
Lots of trucking jobs too.
Originally Posted by 4WD
Yep, Walmart and Amazon will hire a fair number of folks for this period … same with the big grocery chains.
Lots of trucking jobs too.
There will be some opportunities, no question. Trucking is a bit of a mix bag. Parts of the industry, particularly owner-operators in port cities, are being decimated. Overall, there are fewer goods being transported, as consumption is down. There will be winners and losers.
I don't buy the advance models with "shelfs" and "supports"...it seems like ouji board stuff to me. I do think that my original thoughts (Dow at 18,000, S&P @ 2,000) are likely going to be off, significantly. It's going to get much worse before it gets better, IMO, and I'm proceeding as such.
At every point (like, down at 26,000) people were saying "you'd be stupid to sell now on the down!" "don't rebalance now"... I get it. Those same folks were fed misinformation they believed--while people with more complete information dumped their stocks...
I think it's silly to even try and discuss the stock market here, since the outside forces impacting it can't be discussed--but personally, I'm waiting to get back in except for short term trading I'll do for sport--with money I don't really care about. I expect the patterns will be downward zigzag, with a couple more significant drops after some key indicators are announced. The only period worse than this one for the market will be the Great Depression, IMO.
Yep, Walmart and Amazon will hire a fair number of folks for this period … same with the big grocery chains.
Lots of trucking jobs too.
There will be some opportunities, no question. Trucking is a bit of a mix bag. Parts of the industry, particularly owner-operators in port cities, are being decimated. Overall, there are fewer goods being transported, as consumption is down. There will be winners and losers.
I don't buy the advance models with "shelfs" and "supports"...it seems like ouji board stuff to me. I do think that my original thoughts (Dow at 18,000, S&P @ 2,000) are likely going to be off, significantly. It's going to get much worse before it gets better, IMO, and I'm proceeding as such.
At every point (like, down at 26,000) people were saying "you'd be stupid to sell now on the down!" "don't rebalance now"... I get it. Those same folks were fed misinformation they believed--while people with more complete information dumped their stocks...
I think it's silly to even try and discuss the stock market here, since the outside forces impacting it can't be discussed--but personally, I'm waiting to get back in except for short term trading I'll do for sport--with money I don't really care about. I expect the patterns will be downward zigzag, with a couple more significant drops after some key indicators are announced. The only period worse than this one for the market will be the Great Depression, IMO.
Per Warren Buffett, "be greedy when others are fearful. Berkshire Hathaway has billions in cash to invest. Be nice to know what they are buying. Bottom by end of month?? Scary watching wealth evaporate into the ether but this is not our first rodeo.
Originally Posted by Yah-Tah-Hey
Per Warren Buffett, "be greedy when others are fearful. Berkshire Hathaway has billions in cash to invest. Be nice to know what they are buying. Bottom by end of month?? Scary watching wealth evaporate into the ether but this is not our first rodeo.
The Buffett is more of a political hack now and for the past couple of decades. Charlie Munger is the investment brain at BH.
Per Warren Buffett, "be greedy when others are fearful. Berkshire Hathaway has billions in cash to invest. Be nice to know what they are buying. Bottom by end of month?? Scary watching wealth evaporate into the ether but this is not our first rodeo.
The Buffett is more of a political hack now and for the past couple of decades. Charlie Munger is the investment brain at BH.
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