Bernie nomination makes stock market freak out
Trump economy looks weak before general
Bernie wins
???
Trump economy looks weak before general
Bernie wins
???
-
Ever wanted an RSS feed of all your favorite gaming news sites? Go check out our new Gaming Headlines feed! Read more about it here.
Stock Market Watch |OT| I've stocked up on market watches, what now?
- Thread starter Mr.Awesome
- Start date
- Status
He could have his Education Secretary forgive all outstanding federal student loans without Congress, that would be a huge boost to the economy.
He actually has failed on a number of efforts because of Congress. Killing the ACA for example. And that was with a majority house and senate. Do you really think Bernie is going to come in with a flipped senate and house even if he does win?
EAs won't be able to accomplish what he aspires to do.
My investments on the US market got hit pretty badly, but should recover eventually. Unless COVID-19 is the real deal and the next pandemic is unavoidable, but if that is the case why would I need the money? Higher worries by then.
On a side note, what I've currently invested on my local market (MEX) in mining companies is doing pretty great +5%
On a side note, what I've currently invested on my local market (MEX) in mining companies is doing pretty great +5%
One quarter won't lead to a recession. If it persists beyond a quarter then we could face a big issue worldwide.
The irony though is that the virus will likely lead to lower expectations by analysts for earnings, which could lead to easier earning beats for companies and then pumping the market higher.
Yah. I steadily contribute to both my wife's and my 401ks to the max every year despite the situation. I haven't been dumping a lot of other money into the market currently because I think it's overpriced overall. My retirement account to that level is enough to be in the market for me currently. I'll up it if we actually pullback significantly though.
Microsoft has been my most consistently profitable option for a couple years now. I wish I had bought more.
Right now, China is by far the most affected, and even their economy will likely be fine. This would have to completely spiral out of control, which it doesn't look like it will (Chinese cases have steadily dropped and overall active cases are going down).
Time will tell, but my personal, unprofessional opinion, is this is more of a blip than a recession causing event.
Last edited:
Additionally, the DOW is a stupid thing to follow. It's composed of just 30 companies. Not even remotely an indicator of the overall US stock market.
The S&P 500 is at least a bit better. The Russell 3000 is the best for how US stocks are doing. It tracks about 98% of the US stock market.The DOW is just irrelevant bullshit no one should be paying attention to.
Isn't that a blatant admission that Bernie will beat Trump?
I mean surely the big brained individuals on Wall St. know that there is NO WAY that a SOCIALIST can beat the great Donald Trump!
Is that actually something the education secretary can actually do?
No one really knows.
How much can you risk?
How long do you have to hold?
Trust me I prefer your take, but I don't actually believe it. I suppose that argument has validity - but I can't obviously prove the negatives until they happen. Which I also hope I'm wrong about. But I've seen this movie five times in my lifetime in two different but similar countries with similar rhythms. Trump of course is a wild card.
I don't think we know the lasting impact this ordeal will have on the Chinese economy yet. Aside from the human cost, there's also trade ramifications with other countries. With the trade war and tariffs, there was already talk of shifting manufacturing away from China to other SEA countries. The disruption of supply chains this has caused will surely give corporations in other countries pause with keeping all their eggs in the China basket.
Like I edited, time will tell. My unprofessional opinion is the coronavirus is closer to an economic blip than a recession causing event.
Gone lower than the price in Dec, it's definitely a good time to buy if you think this will blow over, and just based on how it recovered from similar drops over the past few years.
If this is the start of a global downturn we have a lot of room to drop, however.
If you're in it for the long run, just put it in and don't look at it for a 10+ years.
If you're trying to get a short-term discount, play at your own risk.
We expecting the recession this soon?
Whats triggering the drop? Anywhere to read up on this, it's really intriguing.
People have been expecting a recession soon for 5 years. One day it will happen. No one knows if it's soon or not.
COVID worries are largely triggering this drop.
I think people dying of corona in Iran, Italy and S Korea brings the whole market down as businesses are closing down one after one.. Because if thats the stategy here my local businesses in Sweden will close when corona arrives.
Do you folks have any recommended reading? So far I've been reading Ramit Sethi's I Will Teach You To Be Rich
You should buy and then give me some cash because I helped you out, and if you lose money you don't owe me anything
No you're take is right (I'm not drewfu dont let the avatar confuse) based on the global PMI. Struggling to stay above 50 despite all of the stimulus.
Brexit's problem is that any effects won't start to be priced in until much later this year.
Also, for those who are easily freaked out - remember tonight's future prices (which will undoubtedly be bad) are largely Asia (China) reacting to today's trading and doesn't necessarily reflect what tomorrow will actually be.
IMO anyone selling you a book on how to invest is intending to profit off of the book so view their advice with skepticism. Ditto Youtubers. If you must read something, read books written by dead people, you don't need to worry about the profit motive if they're dead.
Hehe 😉 true. Didn't sell. But I have LEAP calls for AMD and Microsoft that are looking pretty painful.
- Status