OT Dow Jones Down

[Lanny]

11 AM Eastern time the Dow was down 1,700 points. Ouch

All of Trump's gains are melting away as well as a lot of my portfolio. Good thing I went from a moderately aggressive portfolio to a conservative portfolio about three months ago.

 

[donkiez]

Shit is hitting the fan. We are finally seeing the Trump economy in effect. All those tax breaks and low interest rates when times are good means nowhere to go now. The only silver lining to this all is that it probably means one term for Trump.

 

[BigGameDamian]

Shit is hitting the fan. We are finally seeing the Trump economy in effect. All those tax breaks and low interest rates when times are good means nowhere to go now. The only silver lining to this all is that it probably means one term for Trump.

But it's the Dems fault.

 

[donkiez]

But it's the Dems fault.

Haha, they can't run from this one.

 

[yankeesince59]

And per usual, Trump blames it on the Dems.

 

[donkiez]

And per usual, Trump blames it on the Dems.

Thanks Obama!

 

[EL PRESIDENTE]

Shit is hitting the fan. We are finally seeing the Trump economy in effect. All those tax breaks and low interest rates when times are good means nowhere to go now. The only silver lining to this all is that it probably means one term for Trump.

QE4 coming.

 

[EL PRESIDENTE]

11 AM Eastern time the Dow was down 1,700 points. Ouch

All of Trump's gains are melting away as well as a lot of my portfolio. Good thing I went from a moderately aggressive portfolio to a conservative portfolio about three months ago.

You need to get back to being aggressive. This is all based on Coronavirus uncertainty.IF You believe that coronavirus will go away in the next few months, beat the panic.

These conditions are where wealth is made.

The government will step in like they always do and throw life preservers.

No, I don't think the economy is good. I don't think its solid. But something will come in to intervene (which I don't personally agree with) whether it be some kind of TARP 2.0 or QE4.

 

[EL PRESIDENTE]

And if you're on the younger end of the spectrum. now is the time to travel. Just don't go anywhere really impacted by coronavirus, naturally.

 

[TorturedBlazerFan]

You need to get back to being aggressive. This is all based on Coronavirus uncertainty.IF You believe that coronavirus will go away in the next few months, beat the panic.

These conditions are where wealth is made.

The government will step in like they always do and throw life preservers.

No, I don't think the economy is good. I don't think its solid. But something will come in to intervene (which I don't personally agree with) whether it be some kind of TARP 2.0 or QE4.

I am going to invest a lot...

 

[EL PRESIDENTE]

https://www.marketwatch.com/story/t...ne-stocks-now-its-time-to-buy-them-2020-03-02

 

[julius]

Yeah, now is the time to buy stocks, since all of us are doing so great that we have tons of money just to throw at the stock market.

Who needs food or rent, amiright?

 

[donkiez]

I've had money on the sidelines waiting for this but I don't think it's time to buy yet. The oil situation is a new wrinkle, I'm thinking a few weeks to a month for things to bottom out.

 

[TorturedBlazerFan]

I've had money on the sidelines waiting for this but I don't think it's time to buy yet. The oil situation is a new wrinkle, I'm thinking a few weeks to a month for things to bottom out.

This is actually kind of my plan too, about a week or two though for me, though who knows a lot can change and quickly.

 

[EL PRESIDENTE]

I've had money on the sidelines waiting for this but I don't think it's time to buy yet. The oil situation is a new wrinkle, I'm thinking a few weeks to a month for things to bottom out.

Don't wait too long. The time you'd want to really get in is before any government stimulus program happens. After that, everyone will go in.

If there is a slowdown in the spread in other countries, that's probably a good indicator that the market will turnaround. Watch what's happening in Korea and Italy.

 

[EL PRESIDENTE]

Yeah, now is the time to buy stocks, since all of us are doing so great that we have tons of money just to throw at the stock market.

Who needs food or rent, amiright?

Well, then go buy a flight to Hawaii for $200. Invest in your tan.

 

[yankeesince59]

Yeah, now is the time to buy stocks, since all of us are doing so great that we have tons of money just to throw at the stock market.

Who needs food or rent, amiright?

Not only that, Jules, but the time to buy is not when stocks are on a downward trend as they are now, but instead when they have bottomed and apparently on their way back up.

 

[donkiez]

Don't wait too long. The time you'd want to really get in is before any government stimulus program happens. After that, everyone will go in.

If there is a slowdown in the spread in other countries, that's probably a good indicator that the market will turnaround. Watch what's happening in Korea and Italy.

I agree but I think the corona virus is still ramping up, probably won't know it's full effect for a while. The oil war is looking brutal in the short term. I think the market hits 19k. A stimulus will take a while to put together. I'm watching oil ETFs currently they will be a buy soon. Sold some gold ETFs today at a yearly high.

 

[donkiez]

Well, then go buy a flight to Hawaii for $200. Invest in your tan.

I am currently in Mexico, tan is at an ATH.

 

[EL PRESIDENTE]

Not only that, Jules, but the time to buy is not when stocks are on a downward trend as they are now, but instead when they have bottomed and apparently on their way back up.

You don't know when the bottom is. Dollar cost average. Buy a little over time, on the way down and on the way up. People will just wait until its too late.

The gains won't be optimal, but at least you'll get the gains.

 

[EL PRESIDENTE]

I am currently in Mexico, tan is at an ATH.

I went to Mexico a lot during the Swine flu scare, they had those infrared temperature scanners you walk through at the airports.

 

[yankeesince59]

You don't know when the bottom is. Dollar cost average. Buy a little over time, on the way down and on the way up. People will just wait until its too late.

The gains won't be optimal, but at least you'll get the gains.

Not sure if you are agreeing with me or not, but that's exactly what I was saying, you should not buy "now" because we don't know where the bottom is.

 

[julius]

Well, then go buy a flight to Hawaii for $200. Invest in your tan.

I don't know what you're talking about. The ladies love men who look like 3 day old mayonnaise

 

[EL PRESIDENTE]

Not sure if you are agreeing with me or not, but that's exactly what I was saying, you should not buy "now" because we don't know where the bottom is.

Start buying now, but continue buying as it dips more.

 

[yankeesince59]

Start buying now, but continue buying as it dips more.

No.

If you buy now and the market goes down another 25% you won't "get the gains" as you asserted before first losing another 25%. If you had started "buying on the way down" 10 days ago when things first started dropping, you' be taking it in the shorts right now.

 

[donkiez]

No.

If you buy now and the market goes down another 25% you won't "get the gains" as you asserted before first losing another 25%. If you had started "buying on the way down" 10 days ago when things first started dropping, you' be taking it in the shorts right now.

I think you need to look up DCA theory. However I agree now is not the time to start that. A few days at least, but that's my opinion.

 

[yankeesince59]

I think you need to look up DCA theory. However I agree now is not the time to start that. A few days at least, but that's my opinion.

If you are agreeing with me, I don't understand the point of looking up something I'm already aware of.

 

[EL PRESIDENTE]

No.

If you buy now and the market goes down another 25% you won't "get the gains" as you asserted before first losing another 25%. If you had started "buying on the way down" 10 days ago when things first started dropping, you' be taking it in the shorts right now.

You'll get gains, but not as much as if you are able to predict the market perfectly

 

[EL PRESIDENTE]

I don't know what you're talking about. The ladies love men who look like 3 day old mayonnaise

Well, asian women do.

 

[yankeesince59]

I'm aware of the math and I never said anything about being "able to predict the market perfectly"...not at al.

...but using your strategy do you think it would have been smart to buy stock about 10 days ago, or oil?...I certainly hope not.