Sounds like a buyer’s market.
Retail investors have finally heard about what has been going on! They always sell at the end of the crash. I expect that a lot of 401K holders are transferring their balances to a money market fund as of the end of the month. This means that Vanguard and Fidelity will have to dump millions of shares of S&P 500 stocks.
Some good will come of this.
China will lose its *unquestioned* preeminent status as an economic superpower.
Many companies that went all in on using China for manufacturing and production and no plans for backup capabilities not in China are going to suffer some pretty big losses.
It should help these companies re-consider their choices on where their products are made.
What was the DOW when Trump was elected. 18500?
baltic dry index is tanking
The Israelis will have a vaccine in 3 months. The virus spreads like crazy, but hasn’t been as devastating outside of the area around Wuhan.
I still think investors were getting jittery over the long term bull market and were looking for a reason to pull back. The smart plan would have been to pull back when news first broke about corona. I’m not that smart, so I get to endure a bumpy ride.
Still getting the kids out of the investment game. The calmer heads will prevail soon.
I haven’t lost a dime yet. Haven’t sold any shares.
Mr Herbert Hoover says that now’s the time to buy
So,
Let’s have another cup o’ coffee and let’s have another piece of pie
Pure and simple profit taking.
Was overpriced anyway. Still, will make some Americans ornery.
Nobody calling this a bear market...yet.
I will be buying a bunch of it today!
How are the foreign markets doing in comparison? If markets around the world are taking similar hits we just have to be patient and wait for the inevitable recovery once the crisis wanes.
Fomenting panic.
Nice job, MSM
I have been in the market long term.
This will pass.
I made a mistake in 2000 getting out and moving to ‘safe’ so called funds.
I realized that was not good to sell low and buy high later.
Even when I’m gone the funds will go to my family who will decide what they would like to do with them, sell, move, or keep, at that time.
The folks I feel sorry for are the ones selling stocks and buying bonds with that money right now.
I still fear interest rate risk more than market risk.
The dems can hardly contain their excitement...if they cause it to crash ..it will be jubilation.
Long-term investors (> 10 year investment horizon) should be buying since stocks are ON SALE! I just loaded up on Disney (DIS) earlier today. I’m thinking about adding to my Netflix (NFLX) long position also.