Posted on 03/18/2020 10:08:43 AM PDT by C19fan
Stocks tumbled on Wednesday as the markets remained highly volatile with the government response to the coronavirus fallout still unfolding. A violent reversal in Treasury yields in response to a potential $1 trillion stimulus package helped to unnerve investors.
The S&P 500 fell 7% around 1 p.m. ET, triggering a marketwide “circuit breaker” trading halt while the Nasdaq Composite slid 6.3%. The Dow Jones Industrial Average dropped 1,660 points, or more than 7%. The circuit breaker halts trading across the U.S. exchanges for 15 minutes and is meant to ensure orderly market behavior. Wednesday market the fourth time in a week that a circuit breaker was triggered.
(Excerpt) Read more at cnbc.com ...
Relax, Kentucky yore gonna be okay
I have a few bucks to invest but i have no idea where any of this is going.
We’re about half way to where we are going. There will be financial and political aftershocks for months and years once the Wu Flu Panic of 2020 blows over.
It was posted on FR they this was the Leftist goal, to eliminate the Trump economic gains.
it’s not about the virus. it’s about the debt.
Somebody mentioned S&P 2100 as a good buy-in point, Why?
Thats what it would take to wipe out all the gains since Trump was elected.
I am looking pretty seriously at that number, because something is rotten here.
In that case I’m taking 5 percent of it and investing in Jack Daniels!!
I’ll be 52 in May.
That seemed like 1,000 at one time in my life.
now, it seems young enough to wait until this ill wind blows over before putting the money into anything
That must be the case, the numbers just don’t support the drastic measures.
The MSM is running this now. Trump tried to keep it proportional but you could see pretty quickly it was a no win impossibility in an election year. The MSM/DNC had the magic spike, any attempt to keep this under control would be used to destroy Trump. The best he can do is try to stay at the helm and play the long game. The virus mortality rate is about half what the flu is but they have used it to decimate the best economy in history. If this was March of 2012 there would be none of this.
Money is something you need if you do not die tomorrow. That said look at the end point of this panic. Either we are all dead and money is worth nothing to you or things get back on track. So pick a point and buy something. The turn will be at hand when companies buy their own stock. When the intrinsic value of there assets exceeds by a lot their capitalization they buy. Happened in 87 and will happen again. The problem will be that we are rapidly debasing our money with sending out checks to all.
It’s not telling you why the Fed has a $1T repo facility open every night this week.
Rumors abound, but they center on some of the largest quant hedge funds in the country.
Low in January 2017 was 2245
Low in the month he got elected is 2083.
They are pretty much correct with the 2100 number.
But the powers that be may Really want to drive a stake through Trump’s heart and make it negative since he took office.
I’m gonna play it by ear
I have a few bucks to invest but i have no idea where any of this is going. Not a large amount.
And I don’t want it to be less after a week
...
There’s always dollar cost averaging, because nobody rings a bell at the bottom, and a lot of brokers no longer charge commissions. If you’re worried about being down in a week then you’re not investing, and should lock your money in a safe.
I think I am within +/- $1000 right now, I dabbled in a couple things.
The 10% I didn't get out is getting creamed. But it'll come back.
POTUS has intel about how many this bug really killed in China and what the Chicoms did to suppress it.
eventually this crisis will be over, If you can stomach the volatility jump in an ride it out.
I am looking at a few companies, mostly long time large cap stocks in strategic industries that are trading below their 52 high....and has a dividend history...
I bought General Electric today at barely over $6/share, Ford is trading at close to $4/share...and 3M is trading at almost $90 below it’s 52 week high....
There’s less and then there’s LESS.
by your reasoning...people should have been “averaging” when it was even 27k.
That’s a HORRIBLE way to invest.
You wait for things to be on the UPSWING and not worry about missing the bottom. And CONFIRMED upswing.
I’m afraid you’re going about it all wrong.
Oh no doubt.
This is really gonna be something.
Three knock-out criteria for investing:
1.You have only a "few buck," or "not a large amount." (Read: Can't diversify; can't make follow-up purchases of stock should it continue its downward spiral; will get "eaten up" by fees and charges.)
2. Don't want it to lessen in the short term. (I.e., can't "wait out" a continuation of today's bad spell and/or possible future dips.)
3. "Have no idea" where the market is going.
Regards,
Agree, the USA sending out free money due to a virus is slow motion suicide.
Here in Washington, at least when them checks start to come in the Marijuna business is gonna be booming! s/
I HATE people like you! :)
I wish I could say “i saw this coming and should have shorted!!”
But I didn’t :)
The Good thing if you’re me is years of squandering left my 401k pretty small to begin with.
I finally got some discipline after 50 (will be 52 in May) and will very much ramp up adding funds to my 401k going forward.
Yeah. That it's a ridiculous, overblown panic designed to defeat Trump.
(Damn, FoxNews just suspended me)
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