Definitely a good time to feather in some buys.
Still another 10,000 or so to go before they price-in the China shutdown.
Wait a bit then back up yhe truck as this will not last look in the grand scheme and I am OLD
I’m buying a little every 1,000 points the Dow drops.
You beat me to it!.....LOL
Soon, no doubt about it.
“Buy! Buy! Buy!”
Maybe when it’s in the high teens.
I bailed out on first news of coronavirus and bought SDOW big time - ProShares UltraPro Short Dow30). Hard to pick those market dips but they happen. SDOW is up 13% today (+ $5.99). SDOW was around $400.00 five years back and $5,000 back in 2008. Around $50.00 today, up about $15.00 since Friday. QID is also worth a look. Of course, this is a worse case scenario play.
As I posted earlier, there are legit market concerns:
The market (investors) was/is looking for an excuse to correct a bit. This virus news, short and possibly intermediate term supply chain interruptions, and a communist candidate for POTUS are all a factor. When major American companies like PG, Apple, Microsoft, Nike, etc, warn they may not be performing to expectations, and entire sectors like Airlines, Cruise lines, Shipping, Tech, Automotive and others are revising downward due to actual interruptions to business operations, that is not “fear mongering”.BUY! BUY! BUY!I’m not saying there isn’t some fear mongering going on, just that it has almost no impact on the market compared to real world factors.
The folks who said that Monday have a lot of egg on their face right now. I moved a chunk of retirement funds into cash on Sunday, and "missed out" on at least $30K in losses. I still have plenty of retirement $$$ in aggressive stock funds, but needed to balance. Sadly, I didn't move non-retirement funds (where I am probably WAY too aggressive) due to tax implications. Tax policy on investments SUCKS. The problem now is when to move that cash back to stocks. At this point, we might have seen most of the correction, but I don't want to be the guy "catching a falling knife".
waiting for the false bounce first.. Going after oil stocks.. Apple, Microsoft, Coke, Ford and Amazon...
Short short short
Tomorrow mid morning.
I tried. Fidelity is a joke to contact. Not the first time, but the last. I’m going to find a new provider. Website stinks, so does phone system. Market was only down 300 when I tried.