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  • nicknyr15nicknyr15 Posts: 8,564
    vaggar99 said:
    Yesterday, I sold every stock I owned.  Even from my IRA.  20 years in the markets.  All cash.  Did I fuck up?
    If you made money, you didn’t fuck up. Almost impossible to catch the bottom and top. 
  • mickeyratmickeyrat Posts: 39,267
    edited April 2020
    vaggar99 said:
    Yesterday, I sold every stock I owned.  Even from my IRA.  20 years in the markets.  All cash.  Did I fuck up?
    I say yes. you lost $, no?

    its coming back up.
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mrussel1mrussel1 Posts: 29,814
    Who knows.  If you're cashed out forever,  then probably yeah.  But nothing wrong with a break. 
  • nicknyr15nicknyr15 Posts: 8,564
    mickeyrat said:
    vaggar99 said:
    Yesterday, I sold every stock I owned.  Even from my IRA.  20 years in the markets.  All cash.  Did I fuck up?
    I say yes. you lost $, no?

    its coming back up.
    20 years in the market? How did he lose money?
  • mickeyratmickeyrat Posts: 39,267
    edited April 2020
    nicknyr15 said:
    mickeyrat said:
    vaggar99 said:
    Yesterday, I sold every stock I owned.  Even from my IRA.  20 years in the markets.  All cash.  Did I fuck up?
    I say yes. you lost $, no?

    its coming back up.
    20 years in the market? How did he lose money?
    going out on a limb and say 11 years ago was rough.
    Post edited by mickeyrat on
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • nicknyr15nicknyr15 Posts: 8,564
    mickeyrat said:
    nicknyr15 said:
    mickeyrat said:
    vaggar99 said:
    Yesterday, I sold every stock I owned.  Even from my IRA.  20 years in the markets.  All cash.  Did I fuck up?
    I say yes. you lost $, no?

    its coming back up.
    20 years in the market? How did he lose money?
    going out on a limb and say 11 years ago was rough.
    True. 
  • vaggar99vaggar99 San Diego USA Posts: 3,427
    nicknyr15 said:
    vaggar99 said:
    Yesterday, I sold every stock I owned.  Even from my IRA.  20 years in the markets.  All cash.  Did I fuck up?
    If you made money, you didn’t fuck up. Almost impossible to catch the bottom and top. 
    i think i did well.  probably thank S Jobs for that.  But, missing the top still kind of burns me.
  • vaggar99vaggar99 San Diego USA Posts: 3,427
    mickeyrat said:
    vaggar99 said:
    Yesterday, I sold every stock I owned.  Even from my IRA.  20 years in the markets.  All cash.  Did I fuck up?
    I say yes. you lost $, no?

    its coming back up.
    That's why I sold.  Before the last two weeks, I was content riding to the bottom.  My feeling is the bottom will be very deep and is still a few months away.  

    Think of how many jobs are being lost that will not easily come back.  Travel, restaurants, retail.  The list seems vast and mind boggling.
  • mickeyratmickeyrat Posts: 39,267
    vaggar99 said:
    mickeyrat said:
    vaggar99 said:
    Yesterday, I sold every stock I owned.  Even from my IRA.  20 years in the markets.  All cash.  Did I fuck up?
    I say yes. you lost $, no?

    its coming back up.
    That's why I sold.  Before the last two weeks, I was content riding to the bottom.  My feeling is the bottom will be very deep and is still a few months away.  

    Think of how many jobs are being lost that will not easily come back.  Travel, restaurants, retail.  The list seems vast and mind boggling.
    well most of the areas you list are more main street, arent they?
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • vaggar99vaggar99 San Diego USA Posts: 3,427
    mickeyrat said:
    vaggar99 said:
    mickeyrat said:
    vaggar99 said:
    Yesterday, I sold every stock I owned.  Even from my IRA.  20 years in the markets.  All cash.  Did I fuck up?
    I say yes. you lost $, no?

    its coming back up.
    That's why I sold.  Before the last two weeks, I was content riding to the bottom.  My feeling is the bottom will be very deep and is still a few months away.  

    Think of how many jobs are being lost that will not easily come back.  Travel, restaurants, retail.  The list seems vast and mind boggling.
    well most of the areas you list are more main street, arent they?
    not really.  Large hotels, restaurant chains and mall/big box retailers are all going to suffer.  Everyone will be affected.
  • dignindignin Posts: 9,337
    vaggar99 said:
    mickeyrat said:
    vaggar99 said:
    Yesterday, I sold every stock I owned.  Even from my IRA.  20 years in the markets.  All cash.  Did I fuck up?
    I say yes. you lost $, no?

    its coming back up.
    That's why I sold.  Before the last two weeks, I was content riding to the bottom.  My feeling is the bottom will be very deep and is still a few months away.  

    Think of how many jobs are being lost that will not easily come back.  Travel, restaurants, retail.  The list seems vast and mind boggling.
    I'm with you, I dont think we have seen the bottom.
  • nicknyr15nicknyr15 Posts: 8,564
    dignin said:
    vaggar99 said:
    mickeyrat said:
    vaggar99 said:
    Yesterday, I sold every stock I owned.  Even from my IRA.  20 years in the markets.  All cash.  Did I fuck up?
    I say yes. you lost $, no?

    its coming back up.
    That's why I sold.  Before the last two weeks, I was content riding to the bottom.  My feeling is the bottom will be very deep and is still a few months away.  

    Think of how many jobs are being lost that will not easily come back.  Travel, restaurants, retail.  The list seems vast and mind boggling.
    I'm with you, I dont think we have seen the bottom.
    I agree. There’s only so much the fed can pump into the market. I think this is a fake rally 
  • mickeyratmickeyrat Posts: 39,267
    nicknyr15 said:
    dignin said:
    vaggar99 said:
    mickeyrat said:
    vaggar99 said:
    Yesterday, I sold every stock I owned.  Even from my IRA.  20 years in the markets.  All cash.  Did I fuck up?
    I say yes. you lost $, no?

    its coming back up.
    That's why I sold.  Before the last two weeks, I was content riding to the bottom.  My feeling is the bottom will be very deep and is still a few months away.  

    Think of how many jobs are being lost that will not easily come back.  Travel, restaurants, retail.  The list seems vast and mind boggling.
    I'm with you, I dont think we have seen the bottom.
    I agree. There’s only so much the fed can pump into the market. I think this is a fake rally 
    IDK, Bernie dropping out, curve seems to be flattening in some places...
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • nicknyr15nicknyr15 Posts: 8,564
    mickeyrat said:
    nicknyr15 said:
    dignin said:
    vaggar99 said:
    mickeyrat said:
    vaggar99 said:
    Yesterday, I sold every stock I owned.  Even from my IRA.  20 years in the markets.  All cash.  Did I fuck up?
    I say yes. you lost $, no?

    its coming back up.
    That's why I sold.  Before the last two weeks, I was content riding to the bottom.  My feeling is the bottom will be very deep and is still a few months away.  

    Think of how many jobs are being lost that will not easily come back.  Travel, restaurants, retail.  The list seems vast and mind boggling.
    I'm with you, I dont think we have seen the bottom.
    I agree. There’s only so much the fed can pump into the market. I think this is a fake rally 
    IDK, Bernie dropping out, curve seems to be flattening in some places...
    That’s the other side of it. Who the fuck knows!! Haha. 
  • bbiggsbbiggs Posts: 6,952
    nicknyr15 said:
    dignin said:
    vaggar99 said:
    mickeyrat said:
    vaggar99 said:
    Yesterday, I sold every stock I owned.  Even from my IRA.  20 years in the markets.  All cash.  Did I fuck up?
    I say yes. you lost $, no?

    its coming back up.
    That's why I sold.  Before the last two weeks, I was content riding to the bottom.  My feeling is the bottom will be very deep and is still a few months away.  

    Think of how many jobs are being lost that will not easily come back.  Travel, restaurants, retail.  The list seems vast and mind boggling.
    I'm with you, I dont think we have seen the bottom.
    I agree. There’s only so much the fed can pump into the market. I think this is a fake rally 
    This.  The shoe still hasn't dropped from the Fed propping up the economy for YEARS during and after the housing crash/ Great Recession.  You can't print money forever without feeling the effect of doing so.

  • mrussel1mrussel1 Posts: 29,814
    bbiggs said:
    nicknyr15 said:
    dignin said:
    vaggar99 said:
    mickeyrat said:
    vaggar99 said:
    Yesterday, I sold every stock I owned.  Even from my IRA.  20 years in the markets.  All cash.  Did I fuck up?
    I say yes. you lost $, no?

    its coming back up.
    That's why I sold.  Before the last two weeks, I was content riding to the bottom.  My feeling is the bottom will be very deep and is still a few months away.  

    Think of how many jobs are being lost that will not easily come back.  Travel, restaurants, retail.  The list seems vast and mind boggling.
    I'm with you, I dont think we have seen the bottom.
    I agree. There’s only so much the fed can pump into the market. I think this is a fake rally 
    This.  The shoe still hasn't dropped from the Fed propping up the economy for YEARS during and after the housing crash/ Great Recession.  You can't print money forever without feeling the effect of doing so.

    For better or worse,  there's no evidence that you can't pump for a long period.  

    I think the ride will be bumpy,  but I don't there's another big correction on the horizon.  The government acted so aggressively that I think we'll be okay for 90 days.  I certainly see two quarters of GDP contraction though. 
  • mrussel1mrussel1 Posts: 29,814
    I went heavy into Amazon and JPM several weeks ago and am pleased thus far.  I've been in Google heavy since probably 08 and im not too concerned about them either. 
  • mickeyratmickeyrat Posts: 39,267
    mrussel1 said:
    bbiggs said:
    nicknyr15 said:
    dignin said:
    vaggar99 said:
    mickeyrat said:
    vaggar99 said:
    Yesterday, I sold every stock I owned.  Even from my IRA.  20 years in the markets.  All cash.  Did I fuck up?
    I say yes. you lost $, no?

    its coming back up.
    That's why I sold.  Before the last two weeks, I was content riding to the bottom.  My feeling is the bottom will be very deep and is still a few months away.  

    Think of how many jobs are being lost that will not easily come back.  Travel, restaurants, retail.  The list seems vast and mind boggling.
    I'm with you, I dont think we have seen the bottom.
    I agree. There’s only so much the fed can pump into the market. I think this is a fake rally 
    This.  The shoe still hasn't dropped from the Fed propping up the economy for YEARS during and after the housing crash/ Great Recession.  You can't print money forever without feeling the effect of doing so.

    For better or worse,  there's no evidence that you can't pump for a long period.  

    I think the ride will be bumpy,  but I don't there's another big correction on the horizon.  The government acted so aggressively that I think we'll be okay for 90 days.  I certainly see two quarters of GDP contraction though. 
    you mean we ARENT going to see 4% like we were promised?
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • Halifax2TheMaxHalifax2TheMax Posts: 39,335
    mickeyrat said:
    mrussel1 said:
    bbiggs said:
    nicknyr15 said:
    dignin said:
    vaggar99 said:
    mickeyrat said:
    vaggar99 said:
    Yesterday, I sold every stock I owned.  Even from my IRA.  20 years in the markets.  All cash.  Did I fuck up?
    I say yes. you lost $, no?

    its coming back up.
    That's why I sold.  Before the last two weeks, I was content riding to the bottom.  My feeling is the bottom will be very deep and is still a few months away.  

    Think of how many jobs are being lost that will not easily come back.  Travel, restaurants, retail.  The list seems vast and mind boggling.
    I'm with you, I dont think we have seen the bottom.
    I agree. There’s only so much the fed can pump into the market. I think this is a fake rally 
    This.  The shoe still hasn't dropped from the Fed propping up the economy for YEARS during and after the housing crash/ Great Recession.  You can't print money forever without feeling the effect of doing so.

    For better or worse,  there's no evidence that you can't pump for a long period.  

    I think the ride will be bumpy,  but I don't there's another big correction on the horizon.  The government acted so aggressively that I think we'll be okay for 90 days.  I certainly see two quarters of GDP contraction though. 
    you mean we ARENT going to see 4% like we were promised?
    Quarter over quarter, year over year, for ten years to pay for that $1.2 trillion tax cut. Brilliant, brilliance in all its brilliancy.
    09/15/1998 & 09/16/1998, Mansfield, MA; 08/29/00 08/30/00, Mansfield, MA; 07/02/03, 07/03/03, Mansfield, MA; 09/28/04, 09/29/04, Boston, MA; 09/22/05, Halifax, NS; 05/24/06, 05/25/06, Boston, MA; 07/22/06, 07/23/06, Gorge, WA; 06/27/2008, Hartford; 06/28/08, 06/30/08, Mansfield; 08/18/2009, O2, London, UK; 10/30/09, 10/31/09, Philadelphia, PA; 05/15/10, Hartford, CT; 05/17/10, Boston, MA; 05/20/10, 05/21/10, NY, NY; 06/22/10, Dublin, IRE; 06/23/10, Northern Ireland; 09/03/11, 09/04/11, Alpine Valley, WI; 09/11/11, 09/12/11, Toronto, Ont; 09/14/11, Ottawa, Ont; 09/15/11, Hamilton, Ont; 07/02/2012, Prague, Czech Republic; 07/04/2012 & 07/05/2012, Berlin, Germany; 07/07/2012, Stockholm, Sweden; 09/30/2012, Missoula, MT; 07/16/2013, London, Ont; 07/19/2013, Chicago, IL; 10/15/2013 & 10/16/2013, Worcester, MA; 10/21/2013 & 10/22/2013, Philadelphia, PA; 10/25/2013, Hartford, CT; 11/29/2013, Portland, OR; 11/30/2013, Spokane, WA; 12/04/2013, Vancouver, BC; 12/06/2013, Seattle, WA; 10/03/2014, St. Louis. MO; 10/22/2014, Denver, CO; 10/26/2015, New York, NY; 04/23/2016, New Orleans, LA; 04/28/2016 & 04/29/2016, Philadelphia, PA; 05/01/2016 & 05/02/2016, New York, NY; 05/08/2016, Ottawa, Ont.; 05/10/2016 & 05/12/2016, Toronto, Ont.; 08/05/2016 & 08/07/2016, Boston, MA; 08/20/2016 & 08/22/2016, Chicago, IL; 07/01/2018, Prague, Czech Republic; 07/03/2018, Krakow, Poland; 07/05/2018, Berlin, Germany; 09/02/2018 & 09/04/2018, Boston, MA; 09/08/2022, Toronto, Ont; 09/11/2022, New York, NY; 09/14/2022, Camden, NJ; 09/02/2023, St. Paul, MN; 05/04/2024 & 05/06/2024, Vancouver, BC; 05/10/2024, Portland, OR;

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  • vaggar99vaggar99 San Diego USA Posts: 3,427
    edited April 2020
    Unemployment is already higher than it ever was during the Great Recession. It's only going to get worse.  Lots of high paying jobs are being lost.  

    You can't tell me that a $1200 check and some bullshit (and it is bullshit) loan program will fix this.
    Post edited by vaggar99 on
  • mickeyratmickeyrat Posts: 39,267
    vaggar99 said:
    Unemployment is already higher than it ever was during the Great Recession. It's only going to get worse.  Lot's of high paying jobs are being lost.  

    You can't tell me that a $1200 check and some bullshit (and it is bullshit) loan program will fix this.
    MAGA!!!!
    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • CM189191CM189191 Posts: 6,927
    vaggar99 said:
    Unemployment is already higher than it ever was during the Great Recession. It's only going to get worse.  Lots of high paying jobs are being lost.  

    You can't tell me that a $1200 check and some bullshit (and it is bullshit) loan program will fix this.
    if I understand correctly, the $1200 check is credited against next year's tax returns - anyone else see this?
  • nicknyr15nicknyr15 Posts: 8,564
    Well that didn’t take long. Can we stick to the stock market?
  • bbiggsbbiggs Posts: 6,952
    mrussel1 said:
    bbiggs said:
    nicknyr15 said:
    dignin said:
    vaggar99 said:
    mickeyrat said:
    vaggar99 said:
    Yesterday, I sold every stock I owned.  Even from my IRA.  20 years in the markets.  All cash.  Did I fuck up?
    I say yes. you lost $, no?

    its coming back up.
    That's why I sold.  Before the last two weeks, I was content riding to the bottom.  My feeling is the bottom will be very deep and is still a few months away.  

    Think of how many jobs are being lost that will not easily come back.  Travel, restaurants, retail.  The list seems vast and mind boggling.
    I'm with you, I dont think we have seen the bottom.
    I agree. There’s only so much the fed can pump into the market. I think this is a fake rally 
    This.  The shoe still hasn't dropped from the Fed propping up the economy for YEARS during and after the housing crash/ Great Recession.  You can't print money forever without feeling the effect of doing so.

    For better or worse,  there's no evidence that you can't pump for a long period.  

    I think the ride will be bumpy,  but I don't there's another big correction on the horizon.  The government acted so aggressively that I think we'll be okay for 90 days.  I certainly see two quarters of GDP contraction though. 

    They can pump forever if they choose to, but government stimulus, on the levels that we've seen at points for the last 10 years, is unprecedented and has to lead to inflation at some point.  Is there a way to avoid that (genuinely asking)?  That, coupled with the fact that the "Trump economy" has been fueled in some ways by massive tax cuts that led to stock buybacks by corporations to boost their stock price, makes a lot of this never-ending bull market seem artificial to me.  I'm by no means an expert, but I follow enough and know enough about the fundamentals that leads me to believe we still haven't paid the piper for all of the money we've printed. 
  • vaggar99vaggar99 San Diego USA Posts: 3,427
    nicknyr15 said:
    Well that didn’t take long. Can we stick to the stock market?
    I'd say the current unemployment situation is very much relevant to the markets.  Unemployment is on the rise, and so is the DOW.  That really should not be happening.
  • mickeyratmickeyrat Posts: 39,267
    CM189191 said:
    vaggar99 said:
    Unemployment is already higher than it ever was during the Great Recession. It's only going to get worse.  Lots of high paying jobs are being lost.  

    You can't tell me that a $1200 check and some bullshit (and it is bullshit) loan program will fix this.
    if I understand correctly, the $1200 check is credited against next year's tax returns - anyone else see this?
    https://www.forbes.com/sites/advisor/2020/04/06/dont-worry-the-1200-stimulus-payment-wont-cut-into-your-tax-refund-next-april/#57e8a8655ea8

    _____________________________________SIGNATURE________________________________________________

    Not today Sir, Probably not tomorrow.............................................. bayfront arena st. pete '94
    you're finally here and I'm a mess................................................... nationwide arena columbus '10
    memories like fingerprints are slowly raising.................................... first niagara center buffalo '13
    another man ..... moved by sleight of hand...................................... joe louis arena detroit '14
  • mrussel1mrussel1 Posts: 29,814
    vaggar99 said:
    Unemployment is already higher than it ever was during the Great Recession. It's only going to get worse.  Lots of high paying jobs are being lost.  

    You can't tell me that a $1200 check and some bullshit (and it is bullshit) loan program will fix this.
    Sorry, it's not bullshit.  There are 55 companies that work for my company that are going through the approval process.  My wife is a CPA and is helping small businesses apply as well.  The terms are very favorable.

    Plus, you are forgetting about the extra $600 per week in unemployment insurance through the end of July.  The gov't has done more to surround this problem than at any other time in our history, including the depression.  
  • mrussel1mrussel1 Posts: 29,814
    vaggar99 said:
    nicknyr15 said:
    Well that didn’t take long. Can we stick to the stock market?
    I'd say the current unemployment situation is very much relevant to the markets.  Unemployment is on the rise, and so is the DOW.  That really should not be happening.
    Sure it could.  The market is a leading indicator and unemployment is a lagging indicator.  The market priced in the contraction when it dropped 11000 points in a matter of two weeks.  
  • vaggar99vaggar99 San Diego USA Posts: 3,427
    mrussel1 said:
    vaggar99 said:
    Unemployment is already higher than it ever was during the Great Recession. It's only going to get worse.  Lots of high paying jobs are being lost.  

    You can't tell me that a $1200 check and some bullshit (and it is bullshit) loan program will fix this.
    Sorry, it's not bullshit.  There are 55 companies that work for my company that are going through the approval process.  My wife is a CPA and is helping small businesses apply as well.  The terms are very favorable.

    Plus, you are forgetting about the extra $600 per week in unemployment insurance through the end of July.  The gov't has done more to surround this problem than at any other time in our history, including the depression.  
    We've applied for 3 of them.  The terms seem favorable on the surface.   But I can tell you, they are not really.  If you want to discuss further, I've already started a thread on this.  
  • mrussel1mrussel1 Posts: 29,814
    vaggar99 said:
    mrussel1 said:
    vaggar99 said:
    Unemployment is already higher than it ever was during the Great Recession. It's only going to get worse.  Lots of high paying jobs are being lost.  

    You can't tell me that a $1200 check and some bullshit (and it is bullshit) loan program will fix this.
    Sorry, it's not bullshit.  There are 55 companies that work for my company that are going through the approval process.  My wife is a CPA and is helping small businesses apply as well.  The terms are very favorable.

    Plus, you are forgetting about the extra $600 per week in unemployment insurance through the end of July.  The gov't has done more to surround this problem than at any other time in our history, including the depression.  
    We've applied for 3 of them.  The terms seem favorable on the surface.   But I can tell you, they are not really.  If you want to discuss further, I've already started a thread on this.  
    I agree the devil is in the details, but the question is whether it's to your advantage to take the loans or not?  For the vast majority, the answer is probably yes.  For my company, the answer is no for a variety of reasons.  We also won't take the tax credits.  

    Where is the thread?  I didn't see it.
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