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anybody worried about stock market going down tomorrow

Posted on 2/20/20 at 7:19 pm
Posted by rallyTiger
Member since Apr 2016
867 posts
Posted on 2/20/20 at 7:19 pm
Goldman Sachs warns of stock market correction

Anybody else worried? I'm thinking about selling off tomorrow
Posted by BigVoodoo
Milky Way Galaxy
Member since Jul 2015
1140 posts
Posted on 2/20/20 at 7:32 pm to
I don’t see a downturn until April but even that won’t last long , you will have pull backs.

There is Billions in QE, PPT protection, and now we’ve got Nasdaq 10,000 drawing the market upwards.

Don’t ignore the power of the Fed’s printing press!
Posted by tigersfan1989
Baton Rouge
Member since Oct 2018
1265 posts
Posted on 2/20/20 at 7:36 pm to
No. I plan on dumping more into it here soon
Posted by stout
Smoking Crack with Hunter Biden
Member since Sep 2006
167893 posts
Posted on 2/20/20 at 7:38 pm to
Not as long as the Fed keeps rates down and continues to pump billions into it to fill gaps

Futures are currently red but every Friday for the past 4 or 5 weeks has been red which has been great for me because I use it to pick earnings plays for the following week. I spent $10K on options last Friday that I traded out of this week. That $10K was in addition to some options I already bought previously.
This post was edited on 2/20/20 at 7:41 pm
Posted by thatguy777
br
Member since Feb 2007
2393 posts
Posted on 2/20/20 at 7:45 pm to
BTFD happened today once again...I'd expect the market to be in the green tomorrow
Posted by LSURussian
Member since Feb 2005
127276 posts
Posted on 2/20/20 at 7:57 pm to
You realize Goldman made that stock market warning earlier this week, right? And CNBC reported it before the market opened this morning. I doubt the market waits until tomorrow to react to the news.
Posted by BengalShark
Member since Jul 2017
3243 posts
Posted on 2/20/20 at 9:27 pm to
quote:

anybody worried about stock market going down tomorrow


Posted by CheEngineer
Louisiana
Member since Aug 2019
4234 posts
Posted on 2/20/20 at 10:54 pm to
I am guessing we are possibly setting up for 10-15% drop due to coronavirus then you have Japan basically going into a recession so yeah something is a brewing in the future weeks
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 2/21/20 at 5:35 am to
quote:

I'm thinking about selling off tomorrow


Took some money off the table yesterday with NEM. Paid $34.60, sold at $48.60. Still holding 600 shares and most likely will sell the rest today. Thinking it will cross $49.75. Don't want to be to greedy.
Posted by Jag_Warrior
Virginia
Member since May 2015
4181 posts
Posted on 2/21/20 at 7:08 am to
Worried? No. If it means an increase in the VIX, that’ll be good for the type of trading that I do. As for my investments, I don’t stare at the screen, looking at symbols that I’ve owned (or will own) for years.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 2/21/20 at 9:17 am to
Posted by oklahogjr
Gold Membership
Member since Jan 2010
36781 posts
Posted on 2/21/20 at 9:29 am to
ill be worries when it stops hoing up and down. volatility is where the money is made my friends. if youre worried about a big drop correction you are probably not invested well or arr overextended
Posted by mule74
Watersound Beach
Member since Nov 2004
11331 posts
Posted on 2/21/20 at 11:20 am to
A 10%+ correction by November followed by a GOP win seems like exactly what I am looking for.

My 401k is up over 30% in the last year and my personal accounts are lagging behind slightly at 24%.

I would love to go back into this market with some additional funds.
Posted by Thib-a-doe Tiger
Member since Nov 2012
35574 posts
Posted on 2/21/20 at 11:50 am to
quote:

Anybody else worried?



Posted by Hamma1122
Member since Sep 2016
19927 posts
Posted on 2/21/20 at 1:18 pm to
Nah
Posted by bayoubengals88
LA
Member since Sep 2007
19270 posts
Posted on 2/21/20 at 4:41 pm to
Man, what a rough day. I hope I can find food tonight.
Posted by UpstairsComputer
Prairieville
Member since Jan 2017
1594 posts
Posted on 2/21/20 at 5:00 pm to
I don't even need to read the link. The down votes rain down on anyone who suggests things aren't right.

I'm not at all worried about the guys who make money with volatility, I'm worried about the guys who think QE infinity is the answer and buy everything is the response.

It will work until it doesn't. When it doesn't, it's going to be brutal for everyone who thinks buying and holding their index fund is the only logical way to do it. Sorry to be a Debbie Downer, but I think everyone should have stop losses on their holdings and if you're lucky enough to get a higher low (like coronavirus gave us a couple weeks back) you should move them up. Downvote away.
Posted by arcalades
USA
Member since Feb 2014
19276 posts
Posted on 2/23/20 at 10:32 pm to
you don't have to worry about the stock market until we enter the final year of Trump's presidency.
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