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  • Posts: 41,317
    -3000

    I said 17000 by the end of this?  I may be wayyyy off...  It might correct all the way back from 2008.

    I am seriously thinking of pulling my 401K and buying stocks when they are really low.
  • Posts: 49,590
    Dropped 700 points from when he started talking this afternoon. I wonder if he's going to print and sign a copy of that for Lou Dobbs too. Fucking idiot. 
    www.myspace.com
  • Posts: 49,590
    Worst day ever for the day. This is crazy. 
    www.myspace.com
  • Posts: 41,317
    The Juggler said:
    Dropped 700 points from when he started talking this afternoon. I wonder if he's going to print and sign a copy of that for Lou Dobbs too. Fucking idiot. 
    He could say he is giving the whole country 10,000 dollar checks and it's not going to help at this point.
  • Posts: 30,876
    S&P drops to 2k and then we'll have the opportunity to buy in.  That's what I'm targeting...  maybe a touch lower. 
  • Posts: 6,963
    mrussel1 said:
    S&P drops to 2k and then we'll have the opportunity to buy in.  That's what I'm targeting...  maybe a touch lower. 

    Sounds about right.  15,000 in the Dow would not surprise me at this point.
  • Posts: 41,317
    Saw our first glimpse of life below 20 this morning.  

    Slight gain early now.

    I would like for the markets to start going steady but that is a pipe dream.

    So in Dow Theory these blips will have dramatic action on the workforce and life in general in 6 months from now.  My question is how much worse is this going to be in 6 months?

    I seriously think the deck is stacked in a rich person's favor with times like this...
  • Posts: 5,047
    tempo_n_groove said:
    Saw our first glimpse of life below 20 this morning.  

    Slight gain early now.

    I would like for the markets to start going steady but that is a pipe dream.

    So in Dow Theory these blips will have dramatic action on the workforce and life in general in 6 months from now.  My question is how much worse is this going to be in 6 months?

    I seriously think the deck is stacked in a rich person's favor with times like this...
    It is stacked in their favor at all times. It just becomes easier to see in times like these. 
    Scio me nihil scire

    There are no kings inside the gates of eden
  • St. Paul, MN Posts: 2,528
    static111 said:
    show previous quotes
    It is stacked in their favor at all times. It just becomes easier to see in times like these. 
    +1
  • Posts: 41,317
    static111 said:
    show previous quotes
    It is stacked in their favor at all times. It just becomes easier to see in times like these. 
    I paid no mind to the stock market prior to 2008.  Since then I have become very interested in it.

    Seems like a good way to get people to invest, lose their money, have people with money come in and buy cheap to reap the benefits of a poor market.

    A lot more is clear to me now, that is correct @static111
  • Posts: 30,876
    tempo_n_groove said:
    show previous quotes
    I paid no mind to the stock market prior to 2008.  Since then I have become very interested in it.

    Seems like a good way to get people to invest, lose their money, have people with money come in and buy cheap to reap the benefits of a poor market.

    A lot more is clear to me now, that is correct @static111
    I think you can throw out many of the historical analogies for corrections, rebounds, cycles, etc.  The market will not recover until it's confident that the health crisis has abated and the supply chains will start to flow again.  Once that happens, it will price at least two quarters of contraction depending on when it thinks earnings will be back to normal.  
  • Posts: 30,876
    Buy Amazon, that's for sure. 
  • Deep South Philly Posts: 17,506
    I bought the VXX a couple weeks ago. Basically buy into any vix ETF for the next few months.

    I'm really fucking kicking myself for not pulling the trigger on TIVX back in mid-February when I felt the need to.
  • Posts: 41,317
    mrussel1 said:
    show previous quotes
    I think you can throw out many of the historical analogies for corrections, rebounds, cycles, etc.  The market will not recover until it's confident that the health crisis has abated and the supply chains will start to flow again.  Once that happens, it will price at least two quarters of contraction depending on when it thinks earnings will be back to normal.  
    2 quarters equals 6 months.  That is what you and Dow Theory think so I may still use it.  It's been right.
  • Posts: 30,876
    tempo_n_groove said:
    show previous quotes
    2 quarters equals 6 months.  That is what you and Dow Theory think so I may still use it.  It's been right.
    I was speaking more of things like the dead cat bounce, cutting rates = surge, etc.  And two quarters is the mark now because you have March and April definitely affected.  
  • Posts: 41,317
    Ahhh, dead cat bounce was Friday as far as I'm concerned.

    Something I was curious about is the interest rates.  They are already as low as they are going to get.

    When it's time to raise them, the problems we will get from that fiasco?!?

    Thy hesitated in raising them all these years even though the economy was doing well.  I see this as the US never caring to try and balance a budget again and to just continue to print money.

    I'm talking out loud and would enjoy some feedback from others.
  • Deep South Philly Posts: 17,506
    edited March 2020
    ^ This why the cuts Fuckface has been making in lieu of what was a growing economy made zero fucking sense other than to try and prolong a perception for his re-election needs. So now when it came to legitimately slashing rates there's no where left to go. Fuck the perception of partisan politics, but this is what you get when you vote for a dipshit.
  • Posts: 30,876
    tempo_n_groove said:
    Ahhh, dead cat bounce was Friday as far as I'm concerned.

    Something I was curious about is the interest rates.  They are already as low as they are going to get.

    When it's time to raise them, the problems we will get from that fiasco?!?

    Thy hesitated in raising them all these years even though the economy was doing well.  I see this as the US never caring to try and balance a budget again and to just continue to print money.

    I'm talking out loud and would enjoy some feedback from others.
    I have been very critical of the Fed and in the last 24 months, the administration for not raising interest rates.  You only have a few bullets to deal with a recession:  rates, stimulus, QE, tax cuts.  Trump used up the tax cuts and has been strong arming the fed on rates for the past two years.  Now we have fewer options.  
  • Posts: 30,876
    You don't run a deficit during a bull market.  In your personal life, you don't run up debt when finances are good, you do the opposite.  Annoying AF.  
  • Victoria, BC Posts: 12,856
    static111 said:
    show previous quotes
    It is stacked in their favor at all times. It just becomes easier to see in times like these. 
    Absolutely true for the vast majority of times, interspersed with brief windows when the guillotines come out before everything goes back to normal. 
    my small self... like a book amongst the many on a shelf

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