Posted on 03/06/2020 5:27:34 AM PST by cll
I'd be interesting to know how much money was moved out of stocks around mid-January and by whom. As the economy was humming along and Trump sailing into re-election, the fear-mongering started, and the markets tanked. Whoever is coordinating the hysteria, I am sure is attached to their money. There must be a way to pin-point clusters of large and early withdrawals just prior to January 23.
Buy low and sell just before stocks go low,that is the way.
Yes, but if you are going to manipulate the news, just before they go low, and remove your risk...
Also, in 2017, WHO created “Pandemic Bonds” as a financial vehicle. You know, just in case anyone wanted to bet on the possibility of a global pandemic, you know, because you might be able to make some money off a thing like that.
Charles Payne on Fox Business had a Stock Trader on is show. He said he has an extensive list of buys ready to go as soon as he thinks stocks have bottomed out.
It seems pointless to even ask the question. The answer is unknowable.
Hugh Hewitt sold ALL of his stock while pushthe PANIC BUTTON.
I should correct myself: It wasn’t WHO, it was the World Bank.
Hugh Hewitt sold ALL of his stock while pushthe PANIC BUTTON.
I did. I am none of the things you mention.
—Repeated market highs do t happen at the start of a bull market.
—A blind person could see the impact coming from China’s shut down.
If a person was paying attention, they would have started shorting the market in late December.
Not everyone pays THAT close attention. If you’d been burned by the dot com crash, and the 2009 crash...you might not fall victim to normalcy bias.
I don’t think it took a rocket scientist to know the market was going to tank when China announce it would not re-open it factories.
I redirected my 401K to a safer investment the Thursday before the Market took a dive. I have been resisting moving my money back. The media have been interviewing investors like Warren Buffett trying to get the common people come back in.
A lot of people fail for it, we saw two dead cat bounces this week. Those dead cat bounces were normal investors loosing their shirts believing the interviews. I will stay out until the virus fears are over and market levels out and holds a gain for a week or so.
“he has an extensive list of buys ready to go as soon as he thinks stocks have bottomed out.”
Bet he didn’t share his list though, did he.
“Bet he didn’t share his list though, did he.”
He did mention a few high end, none I could possibly afford. His first name is Shah, can’t remember his last name. He is a regular guest.
My feeling is trying to assess market psychology is impossible but with the number of red lights that were showing toward the end of last year, one would have to have been crazy to be holding anything above a 50/50 market allocation and the stock portion should have been in defensive stocks. On the fixed side, a few percent upside is a no brainer when looking at a 10-20% rout in equities. IMO, that may be on the light side as this is a miserable drop with no good news in sight. Many blame the corona virus scare but I think that is the fuse that blew the scabs off the entire world market.
Where to go from here. IMO, never try to catch the bottom, it will come to you but as nothing goes straight up, nothing goes straight down. Don’t get caught on the wrong step. Worse, if you are 75 or better like me, the goal posts are too close to be wrong.
bmp
Shar “galarhni”? I don’t know how to spell it. He tends to be less of a megaphone , which I like.
“Did MSM, democrat and other establishment honchos move money out of stocks prior to the coronavirus hysteria?”
If they were smart, they did. It was pretty obvious what was coming on Jan 23, as you allude to. China wasn’t hiding their shutdown.
Might work ?
VTI (vtsax) or VOO (vfiax)
wait for the second bottom of a double bottom before buying
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