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DJIA is 3.4% down on the day

Posted on 2/24/20 at 1:28 pm
Posted by NYNolaguy1
Member since May 2011
21695 posts
Posted on 2/24/20 at 1:28 pm
Anyone else buying? Good time to get an easy 3%.
Posted by Boatshoes
Member since Dec 2017
6775 posts
Posted on 2/24/20 at 1:30 pm to
Never try and catch a falling knife.
Posted by LuckyTiger
Someone's Alter
Member since Dec 2008
50981 posts
Posted on 2/24/20 at 1:30 pm to
People are holding onto their cash right now.

Even bonds are stagnant because investors don’t want to push their investment in 10 year notes.

Expectation is for this to be temporary.
Posted by Sidicous
NELA
Member since Aug 2015
19296 posts
Posted on 2/24/20 at 1:31 pm to
So you're saying all the DimProgFilth are planning parties tonight...once they figure out how to steal the booze and food and drugs for a party anyway.
Posted by timdonaghyswhistle
Member since Jul 2018
20797 posts
Posted on 2/24/20 at 1:32 pm to
Just like for the last 25 years I'll be buying every two weeks.
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 2/24/20 at 1:32 pm to
quote:

Anyone else buying? Good time to get an easy 3%.
I'm almost always buying.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135594 posts
Posted on 2/24/20 at 1:32 pm to
quote:

Anyone else buying?
Yes
Posted by Man4others
Member since Aug 2017
2464 posts
Posted on 2/24/20 at 1:32 pm to
Just put some money to work. Buying AMAT & DIS
Posted by NYNolaguy1
Member since May 2011
21695 posts
Posted on 2/24/20 at 1:33 pm to
quote:

So you're saying all the DimProgFilth are planning parties tonight


Huh?

Eta: No I am saying this is a market overeaction to coronavirus. It's going to bounce.
This post was edited on 2/24/20 at 1:36 pm
Posted by YF12
Ottobaan
Member since Nov 2019
4451 posts
Posted on 2/24/20 at 1:34 pm to
If you put in 100,000 dollars the day Donald Trump was elected you would have almost 200,000 dollars today

No amount of China matters

Next week we will be back

So I guess its never a bad time
Posted by TigerBait1971
PTC GA
Member since Oct 2014
16070 posts
Posted on 2/24/20 at 1:36 pm to
My only investments are my 401k, which I won't touch for at least 20 years.

I'm not doing anything different.
Posted by DarkDrifter
Louisiana
Member since Aug 2011
5097 posts
Posted on 2/24/20 at 1:36 pm to
quote:

Anyone else buying?


Yes, I've taken a bath the past few weeks hoping for a different swing. But now I'm looking at this as opportunity to grab a bit more shares b/c this will bounce back and hopefully will make some good returns before summer.
This post was edited on 2/24/20 at 1:37 pm
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 2/24/20 at 1:44 pm to
If I had to make a suggestion, if you are into individual stocks, look for stocks the most exposed to the effects of international transportation from the Coronavirus.

It's pretty much a near certainty that the reaction will be FAR more out of fear than is required
Posted by Boatshoes
Member since Dec 2017
6775 posts
Posted on 2/24/20 at 1:46 pm to
quote:

No I am saying this is a market overeaction to coronavirus. It's going to bounce.


Think about this for a minute. Think about all of the information that Wall Street has not only about coronavirus, but supply chains, and corporate earnings that you don’t have.

Does that even make sense to you?

quote:

My only investments are my 401k, which I won't touch for at least 20 years. I'm not doing anything different.


The Japanese say hello.
This post was edited on 2/24/20 at 1:47 pm
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 2/24/20 at 1:47 pm to
quote:

The Japanese say hello.
People have being saying this shite since 1990...….fortunately, I didn't listen
Posted by TigerBait1971
PTC GA
Member since Oct 2014
16070 posts
Posted on 2/24/20 at 1:59 pm to
quote:

The Japanese say hello.

People have being saying this shite since 1990...….fortunately, I didn't listen


Fill me in.
Posted by Big Scrub TX
Member since Dec 2013
38509 posts
Posted on 2/24/20 at 2:00 pm to
quote:


Even bonds are stagnant
lol wut? The 10 year and 30 year are essentially at all time lows after big moves today. Any more fake news for us?
Posted by Boring
Member since Feb 2019
3792 posts
Posted on 2/24/20 at 2:00 pm to
quote:

Just like for the last 25 years I'll be buying every two weeks.


I feel like a dragon sleeping on his pile of gold. I just keep accumulating and accumulating no matter what...stocks/bonds, PMs, crypto etc.
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 2/24/20 at 2:01 pm to
quote:

Fill me in.
The Japanese market took a shite back then and, it's never really recovered. The reasons are pretty much entirely about demographics and are fairly unique to the Japanese.

People started saying, "look at the Japs" when scared of our markets as far back as the 90s.

Listening to that fear would have been very bad...….
Posted by Scruffy
Kansas City
Member since Jul 2011
76602 posts
Posted on 2/24/20 at 2:01 pm to
It is improving some now.

Down to -800 on DJ
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