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re: anybody worried about stock market going down tomorrow
Posted on 2/21/20 at 7:29 pm to UpstairsComputer
Posted on 2/21/20 at 7:29 pm to UpstairsComputer
quote:
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.
Has there been a time in your lifetime the stock market never recovered? Even the worst of times last what? A few years?
I dont know, I am pretty young. I bought into the fear once in 2008 and I remember my sergeant telling me then was the time to get in and not listen to everyone. The US economy was too massive to just never recover. He also said if it actually never recovered, we'd be going to war anyway so no sweat! lol.
Obviously a much simpler approach, but every time I read about fear in the market, it last a few months at the max now.
The US isn't going anywhere and neither is China. They have BILLIONS of citizens. Could probably afford to thin it out some tbh.....
This post was edited on 2/21/20 at 7:32 pm
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