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Started By
Message
Why the stock market is nowhere near the bottom
Posted on 4/13/20 at 9:59 pm
Posted on 4/13/20 at 9:59 pm
Opinion: Why the stock market is nowhere near a bottom and investors can expect a massive hit
From MarketWatch
It’s best to be in cash right now. I’ve lived through a few of these things, and it’s always a surprise how slow the market is to adjust to reality
From MarketWatch
It’s best to be in cash right now. I’ve lived through a few of these things, and it’s always a surprise how slow the market is to adjust to reality
14
Posted on 4/13/20 at 10:06 pm to holdem Tiger
So, back it up..what are you shorting and how much $$$..if not 25K+..BS
Posted on 4/13/20 at 10:12 pm to holdem Tiger
quote:
It’s best to be in cash right now.
Is it?
Posted on 4/13/20 at 10:37 pm to SalE
quote:
So, back it up..what are you shorting and how much $$$..if not 25K+..BS
This place has really gone to shite.
Posted on 4/13/20 at 10:38 pm to holdem Tiger
You’ve lived through a few of these and you didn’t buy when prices were low?
Posted on 4/13/20 at 10:47 pm to holdem Tiger
quote:
It’s best to be in cash right now.
Hmmm. I'm up 14% so far on buying about 15 different stocks over the last month. Understanding there's more to come down in some sectors, but maybe not in others, I'm thinking investing some of my cash was the right move so far. Imagine how much higher that $ is going to be in 5 years.
ETA: I have more cash sitting in TDA ready to go for any nice dips
This post was edited on 4/13/20 at 10:48 pm
Posted on 4/13/20 at 10:48 pm to SalE
quote:
So, back it up..what are you shorting and how much $$$..if not 25K+..BS
Posted on 4/13/20 at 10:49 pm to holdem Tiger
Could be right, although you could also find a bunch of articles taking the other side of this. Who really knows? I sure as hell aint smart enough to figure it out.
Earnings will be brutal and I expect that there will be bankruptcies and dividend cuts. If there was a return to normal/end game visible I could see asset prices being supported and going up. I just don't see that yet.
Having liquid cash and being debt free is the way to go.
Earnings will be brutal and I expect that there will be bankruptcies and dividend cuts. If there was a return to normal/end game visible I could see asset prices being supported and going up. I just don't see that yet.
Having liquid cash and being debt free is the way to go.
Posted on 4/13/20 at 10:50 pm to Sho Nuff
quote:
I have more cash sitting in TDA ready to go for any nice dips
same here. just made a fat deposit today in my TDA account.
Posted on 4/13/20 at 11:47 pm to Fat Bastard
I’ve infused some new fresh money and will continue to at these discount prices.
Posted on 4/13/20 at 11:48 pm to holdem Tiger
I'm up over 100% the last 3 weeks trading only energy stocks.
Posted on 4/14/20 at 12:07 am to SalE
Everything points to this being a dead cat bounce. Earnings will come our, and they will be horrible. I wouldn’t be surprised if we get back down to 20,000.
But once the first round of shitty earnings is out in the open we will be free and clear.
But once the first round of shitty earnings is out in the open we will be free and clear.
Posted on 4/14/20 at 12:12 am to holdem Tiger
This situation is really not similar at all to everything that you "have lived through".
Its impossible to say what is going to happen
Its impossible to say what is going to happen
Posted on 4/14/20 at 4:41 am to holdem Tiger
quote:
It’s best to be in cash right now. I’ve lived through a few of these things, and it’s always a surprise how slow the market is to adjust to reality
You’ve lived through the fed injecting trillions of dollars into the economy, opening up every lending window possible, essentially guaranteeing agency loans, the federal government paying for employers to employ workers for weeks at a time and the federal government kicking in an extra $600 a week for those that lose their jobs? When was this and how did it work out?
Posted on 4/14/20 at 4:48 am to Ingloriousbastard
quote:
You’ve lived through a few of these and you didn’t buy when prices were low?
I think he’s suggesting prices are going lower.
Posted on 4/14/20 at 4:56 am to Retrograde
quote:
Everything points to this being a dead cat bounce. Earnings will come our, and they will be horrible. I wouldn’t be surprised if we get back down to 20,000. But once the first round of shitty earnings is out in the open we will be free and clear.
What about this makes anyone think history is a good indicator of how this market will perform in this current environment?
We announced a jobless claim of more than six million and the market skyrocketed that day. Any other time in history that would have happened and it would have resulted in a crash that would have made the 1987 crash look like a fender bender.
Everyone has been preaching for weeks to flatten the curve for health and economic crisis to start getting better. We essentially flattened the curve late last week and over the weekend and the market fell over 1% yesterday.
This post was edited on 4/14/20 at 6:06 pm
Posted on 4/14/20 at 7:30 am to holdem Tiger
So your link is willing to take into account lowered earnings forecast into the P/E ratio but it’s not willing to take into account a higher valuation is understandable given that the 10yr treasury is below 1%?
Posted on 4/14/20 at 8:04 am to holdem Tiger
quote:
the stock market
frick the indexes/averages...follow the growth stocks some of which are trading at or bear all-time highs. what difference does it make if the S&P or DJIA is down if the stocks you hold are up?
Posted on 4/14/20 at 8:14 am to holdem Tiger
Friend,
This is why, in my opinion, the best place to park your cash right now is in almsgiving to your local church. To me, your local church needs the money the most. No other charity is a better repository for Truth, charity, and art. The West declines with the Church's decline.
This downturn allowed me to profit, so now I'm putting that profit where it belongs.
Yours,
TulaneLSU
This is why, in my opinion, the best place to park your cash right now is in almsgiving to your local church. To me, your local church needs the money the most. No other charity is a better repository for Truth, charity, and art. The West declines with the Church's decline.
This downturn allowed me to profit, so now I'm putting that profit where it belongs.
Yours,
TulaneLSU
Posted on 4/14/20 at 8:19 am to TulaneLSU
Friend,
I write to you with bewitchment. It would behoove such persons in due diligence to invest now in the market and lay up their treasures in heaven according to the Word of our Lord and Savior Jesus Christ, for whom I beseech thee with all His praise glory and honor. Let this word be a testament to the good things the Lord has done for me and I encourage not the forsaking of tithes and rendering unto Caesar that which is rightfully his. I charge thee with these little ones confidences not to belittle their work, for the talents are few and they must endeavor with their labors accordingly and satisfactorily.
Sincerely,
DIAMOND D.
I write to you with bewitchment. It would behoove such persons in due diligence to invest now in the market and lay up their treasures in heaven according to the Word of our Lord and Savior Jesus Christ, for whom I beseech thee with all His praise glory and honor. Let this word be a testament to the good things the Lord has done for me and I encourage not the forsaking of tithes and rendering unto Caesar that which is rightfully his. I charge thee with these little ones confidences not to belittle their work, for the talents are few and they must endeavor with their labors accordingly and satisfactorily.
Sincerely,
DIAMOND D.
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