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re: Tech crash is picking up steam. Nasdaq down over 1,000 points in the last 8 days.

Posted on 4/19/24 at 6:10 pm to
Posted by bigjoe1
Member since Jan 2024
51 posts
Posted on 4/19/24 at 6:10 pm to
Sometimes a long term trade is a short term trade that went bad.
Posted by Ghandi
Member since Apr 2024
82 posts
Posted on 4/19/24 at 6:36 pm to
That's a whole lotta words there little buddy.

I deleted it because I didn't want to brag.
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 4/19/24 at 6:42 pm to
quote:

I deleted it because I didn't want to brag.
No, you didn't. You deleted it because you knew you'd look stupid.

quote:

That's a whole lotta words there
Did it exceed your attention span??
Posted by Drizzt
Cimmeria
Member since Aug 2013
12869 posts
Posted on 4/19/24 at 7:05 pm to
My oil, silver, and miners strategy is looking better and better.
Posted by Ghandi
Member since Apr 2024
82 posts
Posted on 4/19/24 at 7:29 pm to
quote:

Did it exceed your attention span??


Take a deep breath my friend and enjoy your weekend.
The Nasdaq can't keep dropping 300 points a day forever.
Due for a dead cat bounce/ short covering rally at some point.

Posted by Crescent Connection
Lafayette/Nola
Member since Jun 2008
2021 posts
Posted on 4/19/24 at 8:16 pm to
I really think Ghandi is xxxTimmyxxx who would show up in 2020-2022 threads constantly in panic mood if anything went awry. Dude was so short sighted…would freak over premarket activity at 7:30am.
Posted by Ghandi
Member since Apr 2024
82 posts
Posted on 4/19/24 at 8:26 pm to
quote:


I really think Ghandi is xxxTimmyxxx who would show up in 2020-2022 threads constantly in panic mood if anything went awry. Dude was so short sighted…would freak over premarket activity at 7:30am.


Not whoever that person is you are referring to.

Freaking out ?
I went 100% cash Thursday.
Why would I be freaking out ?
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
7680 posts
Posted on 4/19/24 at 8:28 pm to
quote:

7% pullback isn’t a crash. It’s hardly a blip on the historical radar.


True enough. And in all likelihood this will all be forgotten. But it’s interesting that almost everyone in the market currently has only known stocks going up. Sure there have been some panics and big declines, but they have always been followed by nice rebounds in short order. But if you look at “history” there have been long periods where stocks basically did nothing or even declined. Few people investing today have experienced that.
Posted by tigerbacon
Arkansas
Member since Aug 2010
3696 posts
Posted on 4/19/24 at 9:49 pm to
I love when stocks I love dip. Buy me more apple, Microsoft, and Tesla. Man I just hope I can buy enough before the rebound
Posted by Boomer Rick
Member since Apr 2021
139 posts
Posted on 4/19/24 at 10:12 pm to
I don’t know that anyone got emotional.
Posted by slackster
Houston
Member since Mar 2009
84767 posts
Posted on 4/20/24 at 3:28 pm to
quote:

But if you look at “history” there have been long periods where stocks basically did nothing or even declined. Few people investing today have experienced that.


Plenty of prolonged downturns but still money to be made in those stretches for investors. Many can cite the stretch ending in April 2009 as a decade of declines in stocks, but if you were diversified and rebalancing along the way you did well enough. Importantly, it was also the start of the longest bull run in history. I guess it’s all perspective and having a real plan.
This post was edited on 4/20/24 at 3:34 pm
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 4/23/24 at 9:09 am to
quote:

I went 100% cash Thursday.
I want to thank you for your post.

Over the years I've learned whenever someone on the Money Talk Board brags about going to all cash it's a pretty reliable short-term buy signal.

Your post supports that observation.
This post was edited on 4/23/24 at 9:11 am
Posted by OTIS2
NoLA
Member since Jul 2008
50107 posts
Posted on 4/23/24 at 9:21 am to
Posted by Big Scrub TX
Member since Dec 2013
33403 posts
Posted on 4/23/24 at 9:43 am to
quote:

1,000 points
"Points" instead of percentages - the hallmark of a seasoned, rational investor!
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