Dang I missed my chance

No, it’ll come back down

Maybe so. Maybe not.

Patience!

It's going to come back down soon.

I just don't see how we don't have another huge fall day after this gain. Granted, I know little to nothing about stock markets.

I bought some RCL at $38. Almost back to break even. I'll hold it for year if I need to though. This and DAL were my corona plays.

Man, I’m a newbie at stock investing and trading but damn it’s fun. Probably not as exciting in calmer times...I assume.

Glad I had some cash this go round to play with. Love this board and all the legit discussion.

It will come back down.

Did you lose some in the day-trading short term? Yes.

Will you lose in the long run if you wait for it to settle back down and then buy-in for the long haul? No.

I expect we're going to see a couple of more sharp upward spikes before we finally hit bottom. Today is more than a dead-cat bounce, but I expect it is just that-a good bounce.

And the day is not over.

quote:

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we've had alternating massive gains and massive losses for like 2 weeks now. Are y'all really expecting that trend to have been broken?

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Probably not. I'm afraid the unemployment claims report later this week is going to spook some investors. It's going to be brutal.

For example, Louisiana's unemployment claims for last week was 30,000.

The week before was 1,698.

LINK

I have about $30k on the sidelines ready to play with and only put in $800 yesterday. SMH.

Considering the Fed basically signaled that rates aren’t ever going to go up again because national debt and that any outcome is acceptable except for deflation...I’d say yes. 17000-18000 is a bedrock bottom.