Posted on 03/24/2020 1:46:24 PM PDT by Red Badger
This is a good day to sell and get some cash if you don’t have a year’s worth of cash already on hand.
I think it’s the prospect of everyone returning to work, without question. God knows how long it will be for the money to ‘trickle down’ from DC.
until 1st quarter results come in which are going to suck and feed the flat lining or worse
I mean, who knows exactly HOW it works at this point?
All we really know is that at some point, we’ll be able to determine the actual value of companies again, as the situation stabilizes. Then we’ll be able to make some relatively good predictions of forward earnings for companies, and then the market will move to appropriately price companies.
I can’t imagine why anybody would look at a stimulus package, and think it is time to buy an airline or a cruise line stock. Nobody is taking a cruise until we have a really good treatment or a vaccine, and even then, I think some people are scared off.
On the other hand, there are hundreds of companies that just rode down with the world, and they are probably undervalued by the market at this point.
My guess is it drops big on the day the stimulus is signed (buy rumor, sell news). It’s not like the stimulus package is the best way to fix the economy at this point, it’s just money.
My hopes for 1 maybe2 quarters(could see 3) in the crapper to bag some bargains and reinvest at the basement prices.
The pigs are at the trough
“President Trump said he would like to have the economy open again come Easter.”
Wouldn’t it be something if we get a “resurrection” at Easter? Something like a report that a vaccine has proven successful.
The leftists would have to be put on suicide watch.
Happy days are here again!
The good news is that the rally is also with extreme volume. Lots of buyers today. We'll see if it holds up.
Today was a great day to unload some stocks.
We are nowhere near the bottom here.
Mine too. I’ve kept reserves for that. It’s hard to guess whether today is the day, or to wait for some bumbling and fumbling to better define a bottom. In the heat of the moment it can be hard to distinguish bargains from falling knives.
My broker has started dividing the stocks as black or red.
Major holding for me is the total Stk index.
I will DCA in at these bottoms
Missed the action today sadly. Not quite THAT brave but could have made some quick 10% moves. I think this might be it. This might be the bottom. Trump will have the USA recovering in no time. As for the rest of the world, not so much.
What’s your insight? Why is now too soon?
My husband and I have never gone a cruise and never will especially after Corona.
The situation with the economy is going to get far worse before it gets better.
Most of the investors and talking heads on Wall Street have never been through anything like this in the past.
Oh I know it will, eventually. My thoughts were about whether this is the beginning of the stock market resurgence, or will the roller coaster with the long downhill run continue.
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