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Stock Market Watch |OT| I've stocked up on market watches, what now?
- Thread starter Mr.Awesome
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Getting ready to dump another 7k into ETFs. Just not sure whether to start today or wait until next week.
Starting to approach the dividend paying quarters yield is nice right now will re-invest the dividends. Keeping plenty of cash aside as expecting the markets to continue falling.
The players cheat and when they fuck things up it hurts people who want nothing to do with "the game".
Yup I agree, were just now getting to the 52 week low, I expect it will hold.
This could theoretically be an implosion of the manufacturing system.
That would probably put me out of the job, so let's hope not.
IIRC, it's largely because of the earnings report (it's losing money again).
We could get another 2008, though this is not what will cause it.
This will hurt though.
Makes sense. Those dollar pizzas about to be more appetizing in NYC than they already are.
i'm not sure if this is completely overblown, (the rapid drop is) but it was a catalyst for people to stop believing magical fairy dust will be continuously sprinkled on an artificially juiced market.
As low as it takes because investors have some sort of certainty on this virus matter.
I agree with this, there were firms actually going under in dramatic fashion in 2008, with multiple news reports of people walking out of offices with boxes, not just stock market drops.
However, I have to wonder if this entire thing is both industry and markets coming to the realization that an absolute push to lowest cost manufacturing that results in a bottom-price supply chain that lives in one country is not a sustainable path forward. Everyone having to better diversify outside China would be a drag on top-level profits.
Ehh. Kinda doubt that anything notable will come of this. Seeking the lowest cost manufacturing is always going to be a priority.
Eh, whilst I'd argue that it won't cause as much lasting damage, if the coronavirus does end up killing hundreds of thousands of people like swine flu did, then the economy could similarly stop functioning properly for a while.
It also doesn't help that some of the big tech stocks (i.e. Tesla) have glaring weaknesses to their business that become really obvious now that the hype's gone.
Edit: I'm kicking myself for not investing in a VIX ETF - it should have been obvious once people starting pulling out of conferences and trade shows.
the economy didn't stop functioning with swine flu though. The normal flu kills hundreds of thousands a year and the economy keeps trucking along.
Yeah, Vanguard's site was having issues yesterday too. I kept trying to log in just to look at my investments but the site was periodically locked up.
Thankfully I'm not touching any of my accounts. I like where I have my money and its going to ride for the very long term. Even my TSLA is still way up from where I bought it, though in hindsight I wish I had sold at 900 and was buying back in now. BUT, hindsight is always 20-20, TSLA is going way up over the next few years so I'm not mad.
To be fair, swine flu (or normal flu, for that matter) didn't command the same amount of public fear that the coronavirus does now.
I bought VOO on Robinhood yesterday without issue. Keeping an eye and might get some today if I can.
Dow Jones dropping like a fucking rock the past few minutes...
Doesn't seem like it has it in it to break past 25,000 though. I'm guessing it's a bit mental barrier? (talking out my ass here)
edit: nvm, as I say that it exploded below
Doesn't seem like it has it in it to break past 25,000 though. I'm guessing it's a bit mental barrier? (talking out my ass here)
edit: nvm, as I say that it exploded below
Swine flu didn't really disrupt supply chains like COVID-19 is doing.
We've market already hit correction area. We are heading towards a bear if this doesn't stabilize soon.
People said that 2 days ago, nearly 10% ago. The thing about market timing is that you dont know what bottom is. Is it a good time to increase 401k contributions? Sure, but with individual stocks your guess is good as any others and we are still 10-15% overvalued.
Exactly, if we do hit a recession or mass quarantine event they are not going out of business.
My puts are *almost* completely offsetting the loses.
What are the odds we see trading halted today? Would need to drop 7% to hit the first barrier right?
That has literally nothing to do with this. This is a global sell-off on virus fears.
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