this morning ought to be fun how much more will my 401k lose?
WI 6/27/98 WI 10/8/00 MO 10/11/00 IL 4/23/03 MN 6/26/06 MN 6/27/06 WI 6/30/06 IL 8/5/07 IL 8/21/08 (EV) IL 8/22/08 (EV) IL 8/23/09 IL 8/24/09 IN 5/7/10 IL 6/28/11 (EV) IL 6/29/11 (EV) WI 9/3/11 WI 9/4/11 IL 7/19/13 NE 10/09/14 IL 10/17/14 MN 10/19/14 FL 4/11/16 IL 8/20/16 IL 8/22/16 IL 08/18/18 IL 08/20/18 IT 07/05/2020AT 07/07/2020
Reviving this sucker. Trading halted at 8 pm on Sunday night due to meet the 5% loss threshold. Oil crashed. Shale production will now stop, as its below the shut down price. This affects quite a few US jobs. Yield down to 1%.
Going to be a helluva week.
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brianlux
Moving through All Kinds of Terrain. Posts: 40,718
My wife must be the most optimistic person on the face of the earth. She's really into watching the market and keeps telling me "it will be alright" and "you have to look at the long range picture" and "when it goes down, that's the time to by" and that sort of thing. She talks about "stop losses" and such. I kind of look at her and nod and in my little cloud bubble above my head it say, "I'm glad we've got some cash stashed away." and, "Well, at least the mortgage is fairly low and we have no other debts."
And plenty of "read and then burn for fuel" if the going really gets rough.
But, yeah, seriously, things are getting interesting. We've been through rough times before- the great depression, the dust bowl, to name a few. Looks like it's time to become creative, ambitious, and tenacious once again.
“The fear of death follows from the fear of life. A man [or woman] who lives fully is prepared to die at any time.”
My wife must be the most optimistic person on the face of the earth. She's really into watching the market and keeps telling me "it will be alright" and "you have to look at the long range picture" and "when it goes down, that's the time to by" and that sort of thing. She talks about "stop losses" and such. I kind of look at her and nod and in my little cloud bubble above my head it say, "I'm glad we've got some cash stashed away." and, "Well, at least the mortgage is fairly low and we have no other debts."
And plenty of "read and then burn for fuel" if the going really gets rough.
But, yeah, seriously, things are getting interesting. We've been through rough times before- the great depression, the dust bowl, to name a few. Looks like it's time to become creative, ambitious, and tenacious once again.
Your wife is right. This is all short term, maybe a month, maybe 6 months. I wouldn't buy now though, that's for sure. I think we have some more dropping to do. The virus needs to slow down first. Right now, it's accelerating.
Panic always fucks up things that didn’t need to be fucked up. This didn’t need to happen. The markets will recover.
It will recover, but the market is right. Profits and earning are likely to be way down in the next quarter or two. The economic hit from this is real. Every company I deal with has cancelled travel for the next 30 days to start. Think about the effect on airline revenue, hotels, food, bars, etc. That's just one little microcosm. Then extrapolate it.
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mickeyrat
up my ass, like Chadwick was up his Posts: 35,779
I surely hope this has companies rethinking so much manufacturing and import from China
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
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brianlux
Moving through All Kinds of Terrain. Posts: 40,718
My wife must be the most optimistic person on the face of the earth. She's really into watching the market and keeps telling me "it will be alright" and "you have to look at the long range picture" and "when it goes down, that's the time to by" and that sort of thing. She talks about "stop losses" and such. I kind of look at her and nod and in my little cloud bubble above my head it say, "I'm glad we've got some cash stashed away." and, "Well, at least the mortgage is fairly low and we have no other debts."
And plenty of "read and then burn for fuel" if the going really gets rough.
But, yeah, seriously, things are getting interesting. We've been through rough times before- the great depression, the dust bowl, to name a few. Looks like it's time to become creative, ambitious, and tenacious once again.
Your wife is right. This is all short term, maybe a month, maybe 6 months. I wouldn't buy now though, that's for sure. I think we have some more dropping to do. The virus needs to slow down first. Right now, it's accelerating.
Panic always fucks up things that didn’t need to be fucked up. This didn’t need to happen. The markets will recover.
It will recover, but the market is right. Profits and earning are likely to be way down in the next quarter or two. The economic hit from this is real. Every company I deal with has cancelled travel for the next 30 days to start. Think about the effect on airline revenue, hotels, food, bars, etc. That's just one little microcosm. Then extrapolate it.
Sure, the economic effect of the virus is real, but panic will accentuate it in ways that aren't necessary.
my small self... like a book amongst the many on a shelf
Keep your arms and legs in the vehicle at all times.. gonna be a bumpy ride!
When I was a kid, my sister took drivers ed at school. This was back in the day when they showed kids movies of people in a crash losing body parts like arms and heads that were outside the window of a vehicle. So now, whenever my wife and I are out and about, if I see an arm or a leg sticking out a window I say, "Let's get close- that arm is coming off!" She rolls here eyes, I laugh, and give the guy a break.
“The fear of death follows from the fear of life. A man [or woman] who lives fully is prepared to die at any time.”
OPEC asked for help from Russia to lower production to increase oil prices, they declined so OPEC flooded the market with cheap crude and sent the prices tumbling and the rest of the stock market with it.
WI 6/27/98 WI 10/8/00 MO 10/11/00 IL 4/23/03 MN 6/26/06 MN 6/27/06 WI 6/30/06 IL 8/5/07 IL 8/21/08 (EV) IL 8/22/08 (EV) IL 8/23/09 IL 8/24/09 IN 5/7/10 IL 6/28/11 (EV) IL 6/29/11 (EV) WI 9/3/11 WI 9/4/11 IL 7/19/13 NE 10/09/14 IL 10/17/14 MN 10/19/14 FL 4/11/16 IL 8/20/16 IL 8/22/16 IL 08/18/18 IL 08/20/18 IT 07/05/2020AT 07/07/2020
WI 6/27/98 WI 10/8/00 MO 10/11/00 IL 4/23/03 MN 6/26/06 MN 6/27/06 WI 6/30/06 IL 8/5/07 IL 8/21/08 (EV) IL 8/22/08 (EV) IL 8/23/09 IL 8/24/09 IN 5/7/10 IL 6/28/11 (EV) IL 6/29/11 (EV) WI 9/3/11 WI 9/4/11 IL 7/19/13 NE 10/09/14 IL 10/17/14 MN 10/19/14 FL 4/11/16 IL 8/20/16 IL 8/22/16 IL 08/18/18 IL 08/20/18 IT 07/05/2020AT 07/07/2020
FYI Light sweet Crude is hovering at just over $30 a barrel.
Crazy... Down 25%.
The fracking will be shut down in the US.
The reason it will shut down is from the overall cost it takes to get the oil. Read an interesting article on the shale deposits.
If you have money invested in that I would pull out. Not looking so good.
Yes, because the light sweet crude is almost the same price. I would never invest in that product. It's boom or bust. It's an ongoing cycle of ramping up and shutting down.
Down 1,885 prior to halting trading. Thanks very stable genius. Scowling and stalking around and trying to BS your way through this is not a good look.
Down 1,885 prior to halting trading. Thanks very stable genius. Scowling and stalking around and trying to BS your way through this is not a good look.
Blame the corona virus for the start of this not Trump.
His smugness of us being ok about it makes him sound like a used car dealer though.
I posted the same on the Trump page. It's hilarious that neither of these dolts understands the reference.
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The Juggler
Behind that bush over there. Posts: 47,279
edited March 2020
It's a good thing we gave tax cuts to the very wealthy during a time when the economy didn't need any help. Also a good thing the president bullied the fed to cut interest rates at a time they didn't really need to. Not like we could that extra ammo right now.
Also a good thing this administration has spent and spent and spent like none before it over the last three years.
None of those things are going to come back and bite us in the ass.
Oh wait.....the president bankrupted a casino multiple times? Fuck. Who could have ever predicted this?
Down 1,885 prior to halting trading. Thanks very stable genius. Scowling and stalking around and trying to BS your way through this is not a good look.
Blame the corona virus for the start of this not Trump.
His smugness of us being ok about it makes him sound like a used car dealer though.
Markets like stability and the world used to look to the United States for steady, effective leadership during times of crisis. Team Trump Treason is trying to BS his way through this and that should be obvious to anyone paying attention. I absolutely blame Team Trump Treason as he dismantled and defunded the apparatus initiated by Obama, because it was an Obama era program, and an Obama era program only, that was created for a situation just like this. Really, don’t blame Team Trump Treason? For fucks sake.
Comments
how much more will my 401k lose?
Worst 30 year rate since 2007!
https://www.cnbc.com/2019/08/27/us-treasurys-investors-monitor-trade-developments.html
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
Good to know. Now I can forget about burning my credit card for fuel!
Sure, the economic effect of the virus is real, but panic will accentuate it in ways that aren't necessary.
When I was a kid, my sister took drivers ed at school. This was back in the day when they showed kids movies of people in a crash losing body parts like arms and heads that were outside the window of a vehicle. So now, whenever my wife and I are out and about, if I see an arm or a leg sticking out a window I say, "Let's get close- that arm is coming off!" She rolls here eyes, I laugh, and give the guy a break.
Happy Monday Morning to you.
Crazy... Down 25%.
If you have money invested in that I would pull out. Not looking so good.
Libtardaplorable©. And proud of it.
Brilliantati©
His smugness of us being ok about it makes him sound like a used car dealer though.
"...I changed by not changing at all..."
Also a good thing this administration has spent and spent and spent like none before it over the last three years.
None of those things are going to come back and bite us in the ass.
Oh wait.....the president bankrupted a casino multiple times? Fuck. Who could have ever predicted this?
The market shuts down at 7% for 15 minutes. It will then shut down for an additional 15 minutes if it goes down 13%.
If the market drops 20% trading resumes for the day.
Never knew this.
Libtardaplorable©. And proud of it.
Brilliantati©