1. #2001
    Merely a Setback Breccia's Avatar
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    Quote Originally Posted by Inuyaki View Post
    If it's only blaming everyone else, it's harmless.
    Pretty sure he will try some dumb shit. Some stupid tweets that people should be brave and go to work, so the economy can be saved. Can't believe I say that, but I think he is dumb enough for something like that.
    He already has.

    You never hear about those people. So you can't put them down in the category of the overall population in terms of this corona flu and — or virus. So you just can't do that. So if, you know, we have thousands or hundreds of thousands of people that get better, just by, you know, sitting around and even going to work — some of them go to work but they get better.
    This is not a financial crisis, this is just a temporary moment of time that we will overcome together as a nation and as a world.

    No-one is above the law.

  2. #2002
    Seems like a great time to buy.

  3. #2003
    Quote Originally Posted by Somewhatconcerned View Post
    Seems like a great time to buy.
    Feel free to buy all the oil companies' stocks. Some of them are down 80%. Real bargains.

  4. #2004
    Quote Originally Posted by Rasulis View Post
    Feel free to buy all the oil companies' stocks. Some of them are down 80%. Real bargains.
    So you work in oil?

  5. #2005
    The Lightbringer Zaydin's Avatar
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    Quote Originally Posted by Somewhatconcerned View Post
    Seems like a great time to buy.
    If you hate money, maybe. Anything to avoid admitting Trump caused this bear market, I suppose.
    "If you are ever asking yourself 'Is Trump lying or is he stupid?', the answer is most likely C: All of the Above" - Seth Meyers


  6. #2006
    The Insane Masark's Avatar
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    Quote Originally Posted by Jastall View Post
    Part of me now wonders if companies selling alcohol actually do better when the economy falters.
    Doesn't look like it.

    Anheuser-Busch InBev stock has lost nearly half its value over the past month, Heineken is down about 30% over the same time, Carlsberg also down about 30%, Brown–Forman (Jack Daniels, etc.) again down about 30%, Diageo (Johnnie Walker, Smirnoff, Baileys, Guinness, Crown Royal, Captain Morgan, etc.) is down 22%, Molson Coors is down by almost half, Asahi is down 40%.

    That's about all the brands I know of off hand.
    Last edited by Masark; 2020-03-13 at 01:49 AM.

    Warning : Above post may contain snark and/or sarcasm. Try reparsing with the /s argument before replying.
    What the world has learned is that America is never more than one election away from losing its goddamned mind
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  7. #2007
    Quote Originally Posted by Zaydin View Post
    If you hate money, maybe. Anything to avoid admitting Trump caused this bear market, I suppose.
    March 31st is the end of fiscal period for my company and my wife's. I jokingly told her that, if MSFT is at $130 per share or lower, I would use my March 16 profit sharing check to buy MSFT. It looks like I'll be doing that.

  8. #2008
    Quote Originally Posted by Somewhatconcerned View Post
    Seems like a great time to buy.
    Funny people here and all over have been saying the same thing now for over two weeks...some said it just two days ago...oops...poof 10%...poof 18% this week....

    Timing the market has never been a smart play....

    Stick to a long term strat unless you can really afford to gamble and sit on any result for years...


    And..wow 1500 point swings in pre market over night across the world...but we've been here before as well.


    And fyi as of close yesterday the market is only .2% away from the worst % week loss ever

    ..ever...scary.
    Whether SHE IS INDICTED OR EVEN GUILTY IT DOESNT MATTER. HER GUILT IS A MOOT POINT!!! - Fox News 2016
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  9. #2009
    Quote Originally Posted by Zan15 View Post
    Funny people here and all over have been saying the same thing now for over two weeks...some said it just two days ago...oops...poof 10%...poof 18% this week....

    Timing the market has never been a smart play....

    Stick to a long term strat unless you can really afford to gamble and sit on any result for years...


    And..wow 1500 point swings in pre market over night across the world...but we've been here before as well.


    And fyi as of close yesterday the market is only .2% away from the worst % week loss ever

    ..ever...scary.
    You have to forgive them, that's the only talking point that Trumpsters have been given for the stock market collapse.
    Quote Originally Posted by Knadra View Post
    Multiculturalism hurts and kills. This happened before Trump and it would be happening without him. Racism arises from a multicultural society. If we were monocultural, people would not see issues through the lens of race.
    This is a poster saying that people are at fault for being the victims of terrorism, because they are not white.

  10. #2010
    Quote Originally Posted by Zan15 View Post
    Funny people here and all over have been saying the same thing now for over two weeks...some said it just two days ago...oops...poof 10%...poof 18% this week....

    Timing the market has never been a smart play....

    Stick to a long term strat unless you can really afford to gamble and sit on any result for years...


    And..wow 1500 point swings in pre market over night across the world...but we've been here before as well.


    And fyi as of close yesterday the market is only .2% away from the worst % week loss ever

    ..ever...scary.
    Pretty much this I have just been waiting for stocks that I already own to go below what I originally purchased them years ago some have waiting for more of them to crash. I am not cashing these out for at least 30 years so I don't really care if they go even lower but to be fair I cashed out a lot of my profit years ago so technically this is play money.

  11. #2011
    Quote Originally Posted by Draco-Onis View Post
    Pretty much this I have just been waiting for stocks that I already own to go below what I originally purchased them years ago some have waiting for more of them to crash. I am not cashing these out for at least 30 years so I don't really care if they go even lower but to be fair I cashed out a lot of my profit years ago so technically this is play money.
    The people who swore it was "time to buy" would be out on their asses right now. I liquidated almost all of my stocks almost three weeks ago, and I'm not jumping back in until the volatility slows. There's no indication that we have bottomed out, and considering how many businesses are suspending operations, I expect to see some pretty weak economic numbers over the next 6 weeks.
    Quote Originally Posted by Knadra View Post
    Multiculturalism hurts and kills. This happened before Trump and it would be happening without him. Racism arises from a multicultural society. If we were monocultural, people would not see issues through the lens of race.
    This is a poster saying that people are at fault for being the victims of terrorism, because they are not white.

  12. #2012
    Moderate bounce today then fall apart Monday again when some bad news is bound to show up again (or Trump does something stupid again.. I mean.. its like 3 days.. he bats almost a 100 on that)?

    But the real damage hasn't even hit yet. So many closed businesses. So many major events closed down. So many dollars that won't be spent and transferred around. I get the feeling in about a month we will know how bad this is really going to be. Right now we are just watching dice rollers betting on how to make or break a buck.
    Last edited by Low Hanging Fruit; 2020-03-13 at 01:18 PM.

  13. #2013
    Quote Originally Posted by Machismo View Post
    The people who swore it was "time to buy" would be out on their asses right now. I liquidated almost all of my stocks almost three weeks ago, and I'm not jumping back in until the volatility slows. There's no indication that we have bottomed out, and considering how many businesses are suspending operations, I expect to see some pretty weak economic numbers over the next 6 weeks.
    I'm very ignorant of how these things work in any way above the X/Y graph of "value:time", and the basic concept of "buy when cheap, sell when not cheap".

    Is it not relatively safe to assume that "at some point" these stocks are going to return to where they were, in as much as it isn't poor business management that is causing this but global hysterics, so once things return to "normal" presumably (big presumption? sure) these companies will go back to being as successful as they were beforehand.

    To that end, buying eg. stocks in Microsoft now is still going to make you money down the line (albeit not as much maybe) even if they continue to go down over the next few weeks...

    If I'm missing too much of the picture to understand why I'm wrong, feel free to save yourself time and just say "You're not right and it would take too long to explain why"
    Quote Originally Posted by AeneasBK View Post
    Damnit hubcap, you are such a retard.
    Seriously guys, this forum would be a better place if everyone just stopped acknowledging Zenkai. It's just demeaning to everyone.

  14. #2014
    Quote Originally Posted by AeneasBK View Post
    I'm very ignorant of how these things work in any way above the X/Y graph of "value:time", and the basic concept of "buy when cheap, sell when not cheap".

    Is it not relatively safe to assume that "at some point" these stocks are going to return to where they were, in as much as it isn't poor business management that is causing this but global hysterics, so once things return to "normal" presumably (big presumption? sure) these companies will go back to being as successful as they were beforehand.

    To that end, buying eg. stocks in Microsoft now is still going to make you money down the line (albeit not as much maybe) even if they continue to go down over the next few weeks...

    If I'm missing too much of the picture to understand why I'm wrong, feel free to save yourself time and just say "You're not right and it would take too long to explain why"
    At some point, they will rebound. It may be in 3 months, or maybe 3 years.

    But, the "buy low" calls aren't much more than poor advice from people who really just want to parrot Trumpster talking points. If it keeps going lower (which it looks very possible), then they aren't actually buying low. In reality, a person need not even play the game right now. As soon as the markets got shaky, and it was clear the Coronavirus was going to weaken world markets, I simply took my money out, and divested. I didn't buy news stocks, I'm just sitting on the cash. Or, to put it more succinctly, it's hedging one's losses until the market stabilizes.

    The current market woes are not a result of a specific company like Microsoft having bad monthly or quarterly numbers. It's not due to bad GDP numbers, or even a weak jobs report. This market is a very emotional one right now, and I make a habit of staying out of such markets. Well, all of that was true until about a week ago, when businesses started taking an actual hit. Supply lines are taking a hit, as is the service industry as a whole. There's going to be a lot of restaurants and such who will go out of business as a result of this. And yes, that means companies like Buffalo Wild Wings, which has been getting shit on by the press and public for a few years now, will not be able to pull out of it. BWW in particular will be rough, because they have recently gone out of their way to re-brand their image. With the Coronavirus, there will be no bump like companies like Dominos Pizza saw after their phoenix-from-the-ashes moments. Now, BWW is part of a conglomerate, so the parent company will probably be fine in the long run (Roark Capital). But, when there's no sports to watch, there's less of a reason to go there.

    If companies are based on service, then the bottom is not yet here. For Microsoft, investing in them is a better bet. I'm simply going to wait until the markets actually bottom out. In the meantime, my money will be sitting in its electronic piggy bank. I'm sure I'll likely be back in by the end of April.
    Quote Originally Posted by Knadra View Post
    Multiculturalism hurts and kills. This happened before Trump and it would be happening without him. Racism arises from a multicultural society. If we were monocultural, people would not see issues through the lens of race.
    This is a poster saying that people are at fault for being the victims of terrorism, because they are not white.

  15. #2015
    Immortal Fahrenheit's Avatar
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    Quote Originally Posted by Low Hanging Fruit View Post
    Moderate bounce today then fall apart Monday again when some bad news is bound to show up again (or Trump does something stupid again.. I mean.. its like 3 days.. he bats almost a 100 on that)?

    But the real damage hasn't even hit yet. So many closed businesses. So many major events closed down. So many dollars that won't be spent and transferred around. I get the feeling in about a month we will know how bad this is really going to be. Right now we are just watching dice rollers betting on how to make or break a buck.
    I wouldn't be surprised if the bounce doesn't last through the afternoon. I suspect we may end in the red again, though not as severely as some of the most recent days.
    In related news, my portfolio is almost $160k lighter this morning, then is was 1 month ago. Glad I'm not retiring anytime soon, gonna take a bit to climb back.
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  16. #2016
    Merely a Setback Breccia's Avatar
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    DOW futures are predicting a bounce from yesterday's disaster.

    Good.

    But just a reminder: the worst DOW drop in history -- I remember it like it was yesterday -- was 2,352 points.

    The best DOW jump ever ever was 1,293

    And it was followed by losing more than half of that.

    I don't see a legitimate way for the week to end any way differently than the previous week. Or the week before.

    We started the week 24,992 and I stopped saying things like "Jan 2018" because they had stopped being relevant. We opened at 21,200

    To make the week only flat, we have to get a DOW day that is literally triple the best day the DOW has had ever ever.

    That's not happening.

    Adding the best day the DOW has ever had ever ever will put is in Sept 2017 territory. Trump will have gotten two months back. If he ties or breaks his record, of course.

    The thread title remains uncontested. The thread title gets truer by the day. We lost 2020, we lost 2019, and we lost 2018. It's not a crash, but it is a continued downwards slide, no matter what happens today.

    On a final note, let's look at today vs. yesterday.

    After Trump's address to the country, the world, the DOW had the biggest decline it's ever had.

    Then Trump shut the fuck up. And we're getting some of it back.

    I invite all members of the rabid fanbase to look back at the DOW timeline and put Trump's major addresses on it. I've already done it. I want you to do it. I want you to discover, for yourself, what Individual-One (it's like Air Force One, but fatter) does directly to the stock market through his words and actions.

    Failure to do this is admission you know the answer.

    No-one is above the law.

  17. #2017
    Quote Originally Posted by Machismo View Post
    At some point, they will rebound. It may be in 3 months, or maybe 3 years.
    ....
    If companies are based on service, then the bottom is not yet here. For Microsoft, investing in them is a better bet. I'm simply going to wait until the markets actually bottom out. In the meantime, my money will be sitting in its electronic piggy bank. I'm sure I'll likely be back in by the end of April.
    Cheers for the reply
    Quote Originally Posted by AeneasBK View Post
    Damnit hubcap, you are such a retard.
    Seriously guys, this forum would be a better place if everyone just stopped acknowledging Zenkai. It's just demeaning to everyone.

  18. #2018
    Quote Originally Posted by Breccia View Post
    DOW futures are predicting a bounce from yesterday's disaster.

    Good.

    But just a reminder: the worst DOW drop in history -- I remember it like it was yesterday -- was 2,352 points.

    The best DOW jump ever ever was 1,293

    And it was followed by losing more than half of that.

    I don't see a legitimate way for the week to end any way differently than the previous week. Or the week before.

    We started the week 24,992 and I stopped saying things like "Jan 2018" because they had stopped being relevant. We opened at 21,200

    To make the week only flat, we have to get a DOW day that is literally triple the best day the DOW has had ever ever.

    That's not happening.

    Adding the best day the DOW has ever had ever ever will put is in Sept 2017 territory. Trump will have gotten two months back. If he ties or breaks his record, of course.

    The thread title remains uncontested. The thread title gets truer by the day. We lost 2020, we lost 2019, and we lost 2018. It's not a crash, but it is a continued downwards slide, no matter what happens today.

    On a final note, let's look at today vs. yesterday.

    After Trump's address to the country, the world, the DOW had the biggest decline it's ever had.

    Then Trump shut the fuck up. And we're getting some of it back.

    I invite all members of the rabid fanbase to look back at the DOW timeline and put Trump's major addresses on it. I've already done it. I want you to do it. I want you to discover, for yourself, what Individual-One (it's like Air Force One, but fatter) does directly to the stock market through his words and actions.

    Failure to do this is admission you know the answer.
    The pull back has started, but the DOW is still up almost 500 points. I think it's safe to assume that the market will end the day somewhere between down 1000 and up 1500.

    - - - Updated - - -

    Quote Originally Posted by Omega10 View Post
    The pull back has started, but the DOW is still up almost 500 points. I think it's safe to assume that the market will end the day somewhere between down 1000 and up 1500.
    Currently up about 350. The ups and downs are much smaller. I like the stability we are seeing today. I hope it continues and things get back to normal.

  19. #2019
    Titan Lenonis's Avatar
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    Quote Originally Posted by Omega10 View Post
    Currently up about 350. The ups and downs are much smaller. I like the stability we are seeing today. I hope it continues and things get back to normal.
    Do you think the stability might be an artificial "wait and see" moment as the market waits for Trump's address later today?

  20. #2020
    Quote Originally Posted by Lenonis View Post
    Do you think the stability might be an artificial "wait and see" moment as the market waits for Trump's address later today?
    Unfortunately, yes I do. One last wild swing to end the week? Hopefully not. We'll know for sure in a little more than 3 hours.

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