News Dow bouncing around -1000

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cytg111

Lifer
Mar 17, 2008
23,988
13,511
136
Europe is about to take a 14 day break from everything ... the market is gonna suck for the next 14 days at least.

How low can you go?

Any bets?

Dow : 14000 ?
 

JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
126
Europe is about to take a 14 day break from everything ... the market is gonna suck for the next 14 days at least.

How low can you go?

Any bets?

Dow : 14000 ?

im back in at 14k. Where is that guy who bought in at 10% drop. lol.
 

vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,483
8,344
126
I'm still sitting out. I'm not sure it's going as low as 14,000. But who knows. I'm guessing we're in for a long 6 month slow slog down.
 
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Bitek

Lifer
Aug 2, 2001
10,676
5,238
136
I'm still sitting out. I'm not sure it's going as low as 14,000. But who knows. I'm guessing we're in for a long 6 month slow slog down.

Waiting to see signs of a bottom. Situationally, the outbreak will get worse. No stopping that.

What's also about to happen is test availability will rise dramatically, then we'll get much better information on the true numbers and lethality.
However, in the meantime, it's going to give a big increase in the numbers of infected, and we'll have another round of panic.

I'll still be watching to see if I can pick off any good trades, but I kinda think the first dead car bounce already passed and I'm not expecting any good news in the near future
 

ivwshane

Lifer
May 15, 2000
32,533
15,414
136
Waiting to see signs of a bottom. Situationally, the outbreak will get worse. No stopping that.

What's also about to happen is test availability will rise dramatically, then we'll get much better information on the true numbers and lethality.
However, in the meantime, it's going to give a big increase in the numbers of infected, and we'll have another round of panic.

I'll still be watching to see if I can pick off any good trades, but I kinda think the first dead car bounce already passed and I'm not expecting any good news in the near future


No point in trying to time it and get in at rock bottom. The smarter play would be to get in just below or near the bottom trend line (~20k-23k). Unless you’ll be needing the money in less than ten years we will be more than likely fully recovered by then.
 
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JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
126
I'm still sitting out. I'm not sure it's going as low as 14,000. But who knows. I'm guessing we're in for a long 6 month slow slog down.

trump is retarded. Its going down. You cant fix this problem with econ stimulus and the markets know it. And thats all trump knows about so its all he talks about. The chuds killed a bunch of people voting that idiot into office.
 

JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
126
No point in trying to time it and get in at rock bottom. The smarter play would be to get in just below or near the bottom trend line (~20k-23k). Unless you’ll be needing the money in less than ten years we will be more than likely fully recovered by then.

and you know the near bottom trend is 20k to 23k how?
 
Dec 10, 2005
25,043
8,320
136
No point in trying to time it and get in at rock bottom. The smarter play would be to get in just below or near the bottom trend line (~20k-23k). Unless you’ll be needing the money in less than ten years we will be more than likely fully recovered by then.
That's always been my view (don't try to time it perfectly). I'm buying a little as it drops (most of my buying is into my retirement funds anyway), but I doubt I'll time it perfectly. The main thing for me is getting a discount on some things that will sit very long term.
 

Bitek

Lifer
Aug 2, 2001
10,676
5,238
136
No point in trying to time it and get in at rock bottom. The smarter play would be to get in just below or near the bottom trend line (~20k-23k). Unless you’ll be needing the money in less than ten years we will be more than likely fully recovered by then.

I think that's a good level. I wouldn't want to wait hoping for it to ride down to 2013 levels or anything.

Personally, I didn't sell any of my main investments (index funds and the like) I'm just letting those ride. Those are dangerous to time. As they say, you only lock in losses when you sell. Meantime I'm still contributing as normal and averaging down a bit.

What I'm referring to as a set aside of cash I have to use to take strategic risks and opportunities. Eg the AAPL or TSLA I've been trading in and out of as it bounces around. Made some quick bucks, but may get trickier here. We'll see
 

ivwshane

Lifer
May 15, 2000
32,533
15,414
136
im hesitant to think anyone just knows the market bottom based on some trend line definition. Sorry.

I didn't say I know the bottom I said I would use the bottom trend line. There is a difference.

Here is an example to give you an idea of what I'm talking about:

 
Last edited:

JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
126
oh ok. I thought you were saying 20-23 was the bottom thats why i questioned.
 

zinfamous

No Lifer
Jul 12, 2006
111,131
30,082
146
Id love to see the math. The equation that computes the fact that its more efficient for the markets to cut taxes than it is to get virus testing and procedures kicked into high gear yesterday. When this things hits its exponential potential? You aint got that kind of tax cuts... it will have all been for nothing.

to be fair, no population experiences logarithmic growth, unsustainable anyway. That is how populations die.

however, I thin glenn and other conservatives enjoy this part of pandemic because they know that the short and sweet part of it means that the poors and unwashed die; extra benefit means our taxes go to prop up the oil industry, because that is also smart.

this is literally what they say. every fucking day. the ghouls.
 

zinfamous

No Lifer
Jul 12, 2006
111,131
30,082
146
It's a flimflam to soothe jittery investors. If we want to blunt the economic effects, we'll need some very non-Republican methods, like a strong increase in food stamp & EITC benefits, greater eligibility for medicaid & disability, mandatory paid sick leave, even temporary rent subsidies for some. But that would be Free Shit for the little people instead of Free Shit tax cuts for the Wealthy. Can't have that. It's gotta be the imaginary benefits of trickle down all the way.

no, you don't get it.

just go back to Reagan and his solution to HIV: "It's a gay plague and will kill the gays. So let it kill them. Cheap way to kill undesirables."

Literally exactly what St Reagan confessed to his "purest donors" ~1985. Fucking ghouls, every conservative.

And thus, glenn and corona: See, your solutions aren't even relevant, because the disease shall be utilized to kill those people, such that we will not have to pay for them again, let alone the consequences of tolerating their existence on our god-given land called the USA."
Glenn has already confessed that he believes corona is the fault of illegals...the enemy at the gates. The guy's brain simply doesn't fucking work. The world has left him, and he flails madly at his irrelevance. The fact that no one listens to him, the realization that the world is a vastly batter place without him and those like him. It's just a fact of human progress. Such people are swallowed by progress and forgotten for their simple pettiness, because they aren't even strong enough to be the true evil that they desire to be: those with the gained power of the Reagans and the Stalins: those committed to true evil and with the power to enact the genocide in their hearts.

seriously: this is how they think. every day. fuck them all.
 
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zinfamous

No Lifer
Jul 12, 2006
111,131
30,082
146
Friendly reminder, we've now time traveled to around late OCT2017.

If anything, Republican administrations, one after the other, are learning how to crash stable, successful markets even faster than the Pub administration before, based on the same ill-advised deficit spending and craven, ignorant failure to understand simple math and proper governance.

so, there's that. wonder why the chuds keep voting for failure, again and again and again? is their hate for the others simply that strong? do they actually hate themselves more? They keep doing it to themselves.
 
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ivwshane

Lifer
May 15, 2000
32,533
15,414
136
I changed my mind, I think the bottom might be 16-18k now. I don’t think it will go any lower because trump will be voted out of office by then.
 
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