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Message
re: DOW down 1500 points.... BUY BUY BUY
Posted on 6/11/20 at 12:35 pm to wutangfinancial
Posted on 6/11/20 at 12:35 pm to wutangfinancial
Are you @Wu_Tang_Finance on Twitter?
0
Posted on 6/11/20 at 12:37 pm to big_tuna
quote:
DOW down 1500 points
Gah Damn, what has ppl freaked out? When the selling starts, panic hits like a mofo
What has dramatically changed since last Thursday?
This post was edited on 6/11/20 at 12:38 pm
Posted on 6/11/20 at 12:44 pm to hiltacular
quote:
We were due for a pullback. Nasdaq at an all time high. All of the reopening stocks moved way too high too quick.
I don't think covid really has much to do with it.
While the news about spikes in certain states didn't helped, most seem to agree that it was Powell's speech yesterday, along with the less than stellar initial claims number this morning, that put the brakes on and kicked it into reverse. The market sold off late yesterday during and after his speech.
But yeah, the market (especially certain sectors) was way overbought. It's the severity of the move that's caught some off guard.
Posted on 6/11/20 at 12:44 pm to HailHailtoMichigan!
quote:So you're going all-in today?
It is 100% due to the second wave bs narrative we are starting to see.
Posted on 6/11/20 at 12:48 pm to HailHailtoMichigan!
quote:
It is 100% due to the second wave bs narrative we are starting to see.
and it angers me because investors should know better than to blindly trust headlines without investigating further.
But yet we turn a blind eye to why everything went up the past few weeks? I mean, there wasn't much substance to see such a rapid rise in the market the past few weeks.
Posted on 6/11/20 at 12:49 pm to HailHailtoMichigan!
quote:
It is 100% due to the second wave bs narrative we are starting to see.
Sorry, but I've not seen or heard a single pro trader or anyone in the investment community make that claim.
So you think that it's 100% to do with something that was on TV or in the newspapers, and nothing to do with Jerome Powell's speech? Did some covid related news come out around 3:00 yesterday that I missed?
This post was edited on 6/11/20 at 12:50 pm
Posted on 6/11/20 at 12:53 pm to RedHawk
its almost like we have increased the national debt by 2trillion in only 2 months
i do think the fed will continue with the inflation money printer, so a crash is coming (who knows when but i dont consider today a crash)
then once deflation sets in, we will have a depression.
we are between a rock and a hard place.
i do think the fed will continue with the inflation money printer, so a crash is coming (who knows when but i dont consider today a crash)
then once deflation sets in, we will have a depression.
we are between a rock and a hard place.
Posted on 6/11/20 at 12:57 pm to rocket31
Holy moly 
Posted on 6/11/20 at 12:57 pm to rocket31
You've got it all figured out don't you?
Posted on 6/11/20 at 12:59 pm to notiger1997
i watch way too many finance podcasts
Posted on 6/11/20 at 1:10 pm to big_tuna
I’m holding everything through Nov. After the presidential election one of two things happens:
Trump wins and this bullshite goes away And we get back to gains and booms.
Trump loses and American currency becomes worthless anyway
Trump wins and this bullshite goes away And we get back to gains and booms.
Trump loses and American currency becomes worthless anyway
This post was edited on 6/11/20 at 1:11 pm
Posted on 6/11/20 at 1:12 pm to big_tuna
I sold everything I had except MSFT. I'm not giving these people a dime of my gains. I may go all in on MAR if it gets low enough.
Posted on 6/11/20 at 1:14 pm to Breesus
quote:
Trump wins and this bullshite goes away
why would the bulshit go away when trump wins, considering the bulshit is here right now
Posted on 6/11/20 at 1:17 pm to rocket31
quote:
why would the bulshit go away when trump wins, considering the bulshit is here right now
BOOM
Posted on 6/11/20 at 1:21 pm to big_tuna
YRCW
Posted on 6/11/20 at 1:24 pm to rocket31
quote:
why would the bulshit go away when trump wins,
Because that's how election years work?
Posted on 6/11/20 at 1:27 pm to Breesus
Buying more unplanned VTI and VXUS to add to the portfolio today. Wanted to put a little powder in during the current correction.
Posted on 6/11/20 at 1:30 pm to boogiewoogie1978
quote:
I sold everything I had except MSFT. I'm not giving these people a dime of my gains. I may go all in on MAR if it gets low enough.
To the downvoter. Sorry you didn't get my gains.
Posted on 6/11/20 at 1:31 pm to boogiewoogie1978
You sold today.
So you did indeed give "these people a dime" of your gains
So you did indeed give "these people a dime" of your gains
Posted on 6/11/20 at 1:46 pm to HailToTheChiz
quote:
Whew wee
Looking like somebody hooked a boat anchor to the market. Didn't take long for the Dow to go from -1450 to -1650. Still an hour and 15 minutes to go. The selling waves keep coming in fast and hard.
I'm guessing it's going to make a run for -1700 by the close.
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