Posted on 03/21/2020 1:02:06 PM PDT by Bon mots
(Excerpt) Read more at barrons.com ...
There is a 100% effective treatment days away. It’s an old malaria drug, well established in current use, no need for the FDA at all.
It works within six days, at the longest.
The drug is safe for pregnant women and nursing moms.
Terrible news for those who thrive on drama and histrionics, isn’t it?
And took twenty five (25) years to break even again.
It permanently scarred people’s willingness to invest. Risk tolerance was low. Even banks failed, there was no FDIC - people lost everything overnight. So people started dipping their toes back in, people with risk tolerance, though usually only stocks that paid a nice dividend. My grandmother was horrified by the depression, she came from a family that didn’t have it so great even before. She received some nice stock tips from a family friend and bought some nice companies in the 1950s and did pretty well.
Another thing to consider, the currency or money was as “good as gold” or near enough, compared to the ersatz confetti that passes today. Normal interest rates of 4% to 5% are but a distant memory, but a lot of people were satisfied with a guaranteed return. Not everyone is suited for the stock market.
Hell, the fvcking CNBC anchors were demanding the whole thing be shut down last week! Yeah - not a peep the last 10 years when it trebled.
Guess they couldn’t find the latest from Krugman.
Get a grip!
The 1929 crash was the result of two things. People who knew nothing about the stock market buying stocks on margins. And people who knew the stock market taking advantage of the first group.
The 1929 stock market was a house of cards waiting for someone to pull the bottom out.
The American people lost faith in the open market and everyone quit buying holding on to the little they had left.
I think President Trump understands this. For the price of a Carrier Task force he is trying to keep the Americans hopeful that we will come out all this ready to work.
Look at the war years (WWII) and what happen when the markets were switched back from war production to consumer production. The 1950s were some of the best years our nation ever had. Oh, we can expect another baby boom out of all this, which is not a bad thing.
“I am SCARED for our country’s future!! The DEMS and China, Saudi Arabia and Russian are all working hand in hand to bring us down!!
We are an IMMORAL country with 60 MILLION DEAD BABIES.... GAY MARRIAGE.....TRANSGENDERED CHILDREN....I guess we will get what we get what we deserve”
i’m curious ... have you ALWAYS been this hysterical or has all the COVID-19 BS driven you stark raving insane?
People are jittery about the virus, and there is an undercurrent of oil overproduction.
This will correct itself.
Bad news for Dems, if it doesn’t correct itself by May or early June, look for it to come roaring back around Convention and Election time.
Amen. This economy will explode when this is over.
OMG! I’m so scared. The smart thing to do is protect myself by selling everything when it’s at it’s lowest price. The for added safety, wait until the market rebounds to pre Coronavirus levels and buy back. /s/
Seriously, I’m gonna just ride it out. If that $1200 check comes, maybe buy some oil.
My concern is the small businesses that are shutting down. Will they come back?
“tips”:
https://www.freerepublic.com/focus/news/3826876/posts?page=39#39
disclaimer, i’m not a professional financial adviser, just a guy who’s had his eye on this stock for quite some time as a dividend investment, waiting for it to dip to get in, and boy has it DIPPED!
your mileage may vary, and free advice is worth what one paid for it ...
don’t worry, Newbie.....I’m always like this!
A Short 3x leverages security will also collapse quickly when things turn around, and I think we are closer to the bottom than the top right now. You may get trapped in an investment you can’t sell in time.
We all need to be calm!
This will pass!
At the outset I noted that 10k for the Dow was a modest expectation of the degree of drop. So far, I have yet to see anything saying it won’t be that bad.
One big difference is this is caused by an outside event. Once the uncertainty is removed, the market can return to somewhat normal even though there will be a dent.
“Find this hard to believe considering many stocks aren’t even bargains yet.”
We’re roughly halfway through this adjustment to the new-normal (i.e., a much poorer country, always threatened by another outbreak of this virus, or a similar one).
So, no bargains yet, but in about 2 months, the reality of our situation will, mostly, be priced-in.
yep
How bad can it get?
Everything can go to zero.
Everything above that is a win.
Just grab your plumbs, hold on, and go for a wild ride.
We’ll be lucky if the DOW holds at 10,000. Meanwhile in the background, Saudi Arabia has positioned itself in the oil war that we won’t be able to afford energy independence. They are well on the way to bankrupting our domestic producers. Once again, other countries along with us will be shipping all their treasure to the House of Saud.
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