elbobo Posted March 18, 2020 Share Posted March 18, 2020 if you bought TVIX a month ago you would be set for life right now. Inversely if you bought GUSH in January you would be looking for nearest high bridge Quote Link to comment Share on other sites More sharing options...
marioandsonic Posted March 18, 2020 Share Posted March 18, 2020 16 minutes ago, elbobo said: if you bought TVIX a month ago you would be set for life right now. Inversely if you bought GUSH in January you would be looking for nearest high bridge I don't know what either of those things are Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 18, 2020 Share Posted March 18, 2020 2 Quote Link to comment Share on other sites More sharing options...
Firewithin Posted March 18, 2020 Share Posted March 18, 2020 Just now, SFLUFAN said: they are trying to get back in on that sweet sweet bailout money huh Quote Link to comment Share on other sites More sharing options...
chakoo Posted March 18, 2020 Share Posted March 18, 2020 We're back at another -2000 point drop for the day. We might climb above -10% for the day. 19,174.52 -2,062.86 (-9.71%) As of 2:05PM EDT. Market open. Quote Link to comment Share on other sites More sharing options...
chakoo Posted March 18, 2020 Share Posted March 18, 2020 This photo says oh so much. Quote Link to comment Share on other sites More sharing options...
Massdriver Posted March 18, 2020 Share Posted March 18, 2020 I'm glad I abandoned my emotional "all in" strategy and decided to just buy little bits here and there. It's anyone's guess where this thing bottoms. This sucks. The damage is real and costing people dearly. I hope I'm spared from COVID-19 and any sort of unemployment. I think it's important to not to dip into cash that you may need if you lose your job or get the virus. Quote Link to comment Share on other sites More sharing options...
SuperSpreader Posted March 18, 2020 Share Posted March 18, 2020 Quote Link to comment Share on other sites More sharing options...
osxmatt Posted March 18, 2020 Share Posted March 18, 2020 Oil is down -24%. Almost under $20 a barrel. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted March 18, 2020 Share Posted March 18, 2020 Very optimistic UE rate imo Quote Link to comment Share on other sites More sharing options...
Massdriver Posted March 18, 2020 Share Posted March 18, 2020 9 minutes ago, b_m_b_m_b_m said: Very optimistic UE rate imo I'm going to out on a limb here and say that the Q3 bounce everyone is talking about is also a bit too rosy. Quote Link to comment Share on other sites More sharing options...
Commissar SFLUFAN Posted March 18, 2020 Share Posted March 18, 2020 14 minutes ago, b_m_b_m_b_m said: Very optimistic UE rate imo -14% to +8% is quite...something Quote Link to comment Share on other sites More sharing options...
MarSolo Posted March 18, 2020 Share Posted March 18, 2020 1 hour ago, Jose said: I was just thinking, we have our Hoover right now. Don’t do Hoover dirty like that by comparing him to Trump. Quote Link to comment Share on other sites More sharing options...
marioandsonic Posted March 18, 2020 Share Posted March 18, 2020 16 minutes ago, MarSolo said: Don’t do Hoover dirty like that by comparing him to Trump. Hoover wasn't even a year into his presidency when the crash happened. Trump was starting his 4th year when this happened, so... Quote Link to comment Share on other sites More sharing options...
osxmatt Posted March 18, 2020 Share Posted March 18, 2020 I can’t wait for the clips of Hannity tonight saying the stock market rise was all due to Trump but the crash is completely out of his control. Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted March 18, 2020 Share Posted March 18, 2020 5 minutes ago, osxmatt said: I can’t wait for the clips of Hannity tonight saying the stock market rise was all due to Trump but the crash is completely out of his control. They've already laid the groundwork. Rise was thanks to Trump taking over after Obama (even though it also rose through Obama's terms), and the drop is due to COVID-19 which can be blamed on China as well as Obama's red-tape regarding the CDC (which doesn't exist). Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted March 18, 2020 Share Posted March 18, 2020 14 minutes ago, CitizenVectron said: They've already laid the groundwork. Rise was thanks to Trump taking over after Obama (even though it also rose through Obama's terms), and the drop is due to COVID-19 which can be blamed on China as well as Obama's red-tape regarding the CDC (which doesn't exist). Friend of mine told me that on Conservative Media, the whole COVID-19 thing has gone from being a hoax to a conspiracy by the Democratic Party and The Chinese 3 Quote Link to comment Share on other sites More sharing options...
Dodger Posted March 18, 2020 Share Posted March 18, 2020 Speaking of oil prices going down, demand worldwide has to have crashed because if you can't go anywhere, well you don't need oil to get you there. I haven't driven since this weekend. Might try and brave a grocery store run tomorrow to restock up but that's a couple miles tops. Quote Link to comment Share on other sites More sharing options...
ThreePi Posted March 18, 2020 Share Posted March 18, 2020 1 hour ago, osxmatt said: I can’t wait for the clips of Hannity tonight saying the stock market rise was all due to Trump but the crash is completely out of his control. I dunno, its a weird situation. Trump was not going to stop COVID-19 from reaching the US and while he absolutely could have, and should have done more earlier, we still would probably have taken a lot of these self-isolation/shuttering of stores actions anyways. Canada is doing it, France, Germany, all of them and none of them have someone as clueless as Trump. The stock market was going to drop precipitously regardless, just a question of how much of Trump's ineptitude is factored in. The reality is that the decision to shut down sports, close non-essential businesses, etc all came from state governments/governors long before the Trump Administration had the idea or recommending. So we'll get through this situation largely in spite of Trump, not because of him for sure. Quote Link to comment Share on other sites More sharing options...
SaysWho? Posted March 18, 2020 Share Posted March 18, 2020 5 hours ago, b_m_b_m_b_m said: 1 Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted March 18, 2020 Share Posted March 18, 2020 38 minutes ago, ThreePi said: I dunno, its a weird situation. Trump was not going to stop COVID-19 from reaching the US and while he absolutely could have, and should have done more earlier, we still would probably have taken a lot of these self-isolation/shuttering of stores actions anyways. Canada is doing it, France, Germany, all of them and none of them have someone as clueless as Trump. The stock market was going to drop precipitously regardless, just a question of how much of Trump's ineptitude is factored in. The reality is that the decision to shut down sports, close non-essential businesses, etc all came from state governments/governors long before the Trump Administration had the idea or recommending. So we'll get through this situation largely in spite of Trump, not because of him for sure. And in spite of that, he'll take credit for it and win re-election. I've already seen people on my social media talking about how they are going to spend their money from their "Uncle Trump" checks 1 Quote Link to comment Share on other sites More sharing options...
Scott Posted March 18, 2020 Share Posted March 18, 2020 2 hours ago, Massdriver said: I'm glad I abandoned my emotional "all in" strategy and decided to just buy little bits here and there. It's anyone's guess where this thing bottoms. This sucks. The damage is real and costing people dearly. I hope I'm spared from COVID-19 and any sort of unemployment. I think it's important to not to dip into cash that you may need if you lose your job or get the virus. I thought this offered some helpful perspective: From Reddit - "The market has dropped about 25% right now, sweet, so cheap right? The equivalent point in 2008-9 was Sep 2008. The market dropped another 40% from that point before hitting bottom, and it took nearly 27 months to start growing up from that 9/08 level. That is a long, long time to realize 0% ROI. Buying in Sep 2008 was not a "deal". It was not "on sale". It was just locking you in to a very long and painful period of 0 growth at a time you NEEDED an extended emergency fund. If "previous level" means the peak, it took over 6 years to return." Seeing stocks down is an enticement to buy, but I think I'll just be padding my emergency fund for a while. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted March 18, 2020 Share Posted March 18, 2020 What the fuck is the point of Joe manchin 1 Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted March 18, 2020 Share Posted March 18, 2020 14 minutes ago, b_m_b_m_b_m said: What the fuck is the point of Joe manchin It passed right, they probably told Manchin and Sinema to vote the way they did to protect themselves in conservative districts. Quote Link to comment Share on other sites More sharing options...
Guest Posted March 18, 2020 Share Posted March 18, 2020 1 hour ago, Scott said: I thought this offered some helpful perspective: From Reddit - "The market has dropped about 25% right now, sweet, so cheap right? The equivalent point in 2008-9 was Sep 2008. The market dropped another 40% from that point before hitting bottom, and it took nearly 27 months to start growing up from that 9/08 level. That is a long, long time to realize 0% ROI. Buying in Sep 2008 was not a "deal". It was not "on sale". It was just locking you in to a very long and painful period of 0 growth at a time you NEEDED an extended emergency fund. If "previous level" means the peak, it took over 6 years to return." Seeing stocks down is an enticement to buy, but I think I'll just be padding my emergency fund for a while. Somebody bought in September of 2008 was not in a worse position than they were before buying if they were buying and holding. What a try-hardy post by this fella Quote Link to comment Share on other sites More sharing options...
Joe Posted March 18, 2020 Share Posted March 18, 2020 21 minutes ago, b_m_b_m_b_m said: What the fuck is the point of Joe manchin Get your bs purity tests out of here. Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted March 18, 2020 Share Posted March 18, 2020 1 minute ago, skillzdadirecta said: It passed right, they probably told Manchin and Sinema to vote the way they did to protect themselves in conservative districts. They're both not up for another 4 years 1 Quote Link to comment Share on other sites More sharing options...
b_m_b_m_b_m Posted March 18, 2020 Share Posted March 18, 2020 Just now, Jose said: Get your bs purity tests out of here. U srs Quote Link to comment Share on other sites More sharing options...
MarSolo Posted March 18, 2020 Share Posted March 18, 2020 But I thought socialism was okay now? Quote Link to comment Share on other sites More sharing options...
skillzdadirecta Posted March 18, 2020 Share Posted March 18, 2020 10 minutes ago, b_m_b_m_b_m said: They're both not up for another 4 years Well... I got nothing. 1 Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted March 18, 2020 Share Posted March 18, 2020 18 minutes ago, sblfilms said: Somebody bought in September of 2008 was not in a worse position than they were before buying if they were buying and holding. What a try-hardy post by this fella I think the best advice is: If you are financially stable and can afford it (confidently), then keep contributing in regular amounts. The market will eventually grow again, and you'll be better off for having done this. If you cannot afford it, then save some cash to prepare for harder times. Quote Link to comment Share on other sites More sharing options...
Guest Posted March 18, 2020 Share Posted March 18, 2020 5 minutes ago, CitizenVectron said: I think the best advice is: If you are financially stable and can afford it (confidently), then keep contributing in regular amounts. The market will eventually grow again, and you'll be better off for having done this. If you cannot afford it, then save some cash to prepare for harder times. This is the correct advice all the time for anybody of appropriate age to be investing! Quote Link to comment Share on other sites More sharing options...
MarSolo Posted March 18, 2020 Share Posted March 18, 2020 A crashing market, prohibition, and a worldwide flu pandemic. Everyone excited about the Roaring 20s clearly didn’t do their research. 2 Quote Link to comment Share on other sites More sharing options...
CitizenVectron Posted March 18, 2020 Share Posted March 18, 2020 9 minutes ago, MarSolo said: A crashing market, prohibition, and a worldwide flu pandemic. Everyone excited about the Roaring 20s clearly didn’t do their research. Don't forget the rise of the populist right wing! 2 Quote Link to comment Share on other sites More sharing options...
Joe Posted March 18, 2020 Share Posted March 18, 2020 1 hour ago, b_m_b_m_b_m said: U srs Yes? Fuck yes? Better to have a senator vote with Trump 52.5% (Manchin) of the time rather than 94.9% (Capito) of the time. Honestly, if you bothered to do your research, you would have far more cause to be annoyed with Sinema than Manchin. 1 Quote Link to comment Share on other sites More sharing options...
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