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re: Stock market just fell off a cliff... -1,193.70

Posted on 2/27/20 at 4:19 pm to
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 2/27/20 at 4:19 pm to
quote:

cwill
oh come on I was trying to inject a little bit of humor in this thread
Posted by ShortyRob
Member since Oct 2008
82116 posts
Posted on 2/27/20 at 4:20 pm to
quote:


I got pretty close in 2008-2009
I didn't say you would never be fortunate enough to actually get the bottom. I mean somebody's got to be right when they call the bottom. The point being that was its much smarter to buy through it thereby guaranteeing that at least some of your money calls the bottom

I read the rest of your post. Yes. It definitely is nice when you catch it that way though isn't it. I called the top on a stock called EMC back in the early 2000s and it was pretty much dumb luck also. LOL
This post was edited on 2/27/20 at 4:22 pm
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 2/27/20 at 4:21 pm to
This thread is littered with jokes - intentional and many unintentional.
Posted by GumboPot
Member since Mar 2009
140573 posts
Posted on 2/27/20 at 4:23 pm to
quote:

He's talking about the non-qe QE. The repo balance sheet expansion. They took on over $400B in securities which completley wiped out any tightening that occured during the Trump term.

This sell-off is not Corona induced it's the Fed's forward guidance on repo operations for April. Their last minutes indicated that they are going to taper those operations.

Also, the market is pricing in 3 rate cuts. So once the Fed completely folds on their forward guidance, they will cut rates, and establish a permanent repo facility to deal with the regulatory issues and liquidity shortfalls for overnight lending. Just like they did after January 2019, the markets will hit ATHs again on more leverage. They won't let it fall when a communist is a leading presidential candidate.

Posted by Powerman
Member since Jan 2004
173660 posts
Posted on 2/27/20 at 4:24 pm to
quote:

It is going to drop more before it rebounds. Wait to buy.



That's what I would think
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 2/27/20 at 4:24 pm to
quote:

quote:

I got pretty close in 2008-2009
I didn't say you would never be fortunate enough to actually get the bottom.


The world is littered with people who got lucky once.
Posted by keakar
Member since Jan 2017
30152 posts
Posted on 2/27/20 at 4:27 pm to
everyone who will vote for trump has seen this movie before, every election year with a republican POTUS has a fake market crash orchestrated by the DNC and MSM in an attempt to blame the republican for it

anyone who cares about the stock market sees this fake crash fort what it is,m a great buying opportunity that is as regular as the sun rising.

smart investors took profits last year before the crash and are now making great buys at artificially low prices

you lose again, because no one, not even bernie supporters, think this correction has having anything to do with trump, much less be his fault
Posted by dawgfan24348
Member since Oct 2011
51733 posts
Posted on 2/27/20 at 4:27 pm to
So time to buy stocks I guess
Posted by Homesick Tiger
Greenbrier, AR
Member since Nov 2006
56146 posts
Posted on 2/27/20 at 4:28 pm to
quote:

and the economy is tanking


The economy isn't just Wall St. You know that don't you?
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 2/27/20 at 4:32 pm to
quote:

everyone who will vote for trump has seen this movie before, every election year with a republican POTUS has a fake market crash orchestrated by the DNC and MSM in an attempt to blame the republican for it


2004? The 2008 crash was manufactured? 1992 didn't seem to have a crash associated with it....can you back up this assertion?
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 2/27/20 at 4:33 pm to
quote:

The economy isn't just Wall St. You know that don't you?


What's clear is that Wall St. is a great indicator of a presidential economy when it's on the upswing but not when it is on the downswing. This much I can tell you.
Posted by Hurricane Mike
Member since Jun 2008
20059 posts
Posted on 2/27/20 at 4:35 pm to
quote:

This is bad news for Trump in an election year if this continues.

Whether or not it’s his fault (it’s not) he will shoulder the blame. It’s the economy, stupid.,..and the economy is tanking


Not one person with a brain is going to blame this on Trump. In fact, would you rather have Trump in a recovery or Obama? Trump or the Dem Socialists?
Posted by bstew3006
318
Member since Dec 2007
13049 posts
Posted on 2/27/20 at 4:36 pm to
quote:

And this is with the QE since last October through repo market and last year lowering interest rates and reversing course after raising them (a paltry 0.25 if a percent three times I believe) to save such a robust economy *cough*--not corona but the bullshite gets me.


Ffs

quote:

et out while you can.


Fk that BS

I’m about to max my 401k
Posted by Powerman
Member since Jan 2004
173660 posts
Posted on 2/27/20 at 4:36 pm to
quote:

In fact, would you rather have Trump in a recovery or Obama?

Tough to say. Obama is a known commodity in that regard. Trump isn't.

But Obama isn't running so it's a moot point
Posted by elposter
Member since Dec 2010
26700 posts
Posted on 2/27/20 at 4:43 pm to
quote:

any prediction on when it bottoms? Ready to buy


Bottom will be March 19. Wait until then.
Posted by Powerman
Member since Jan 2004
173660 posts
Posted on 2/27/20 at 4:44 pm to
quote:



What's clear is that Wall St. is a great indicator of a presidential economy when it's on the upswing but not when it is on the downswing. This much I can tell you.



Except when the president was Obama then the stock market didn't matter at all
Posted by Roberteaux
mandeville
Member since Sep 2009
6231 posts
Posted on 2/27/20 at 4:44 pm to
quote:

I didn't say you would never be fortunate enough to actually get the bottom. I mean somebody's got to be right when they call the bottom. The point being that was its much smarter to buy through it thereby guaranteeing that at least some of your money calls the bottom


Yeah, it's like everyone thinks that you need to wait for the exact bottom to hit to get in. If I get in after a 10% drop, but it drops another 5% after that, it's good enough for me..
Posted by CajunLiberal
Memphis
Member since Oct 2019
256 posts
Posted on 2/27/20 at 4:46 pm to
You all act like Trump took over an economy that was in a complete ruin and waived his tiny orange triple a battery sized fingers over it and poof, everything was good. Try actually looking at the data you leptons.
Posted by BuckyCheese
Member since Jan 2015
57778 posts
Posted on 2/27/20 at 4:48 pm to
quote:

Not one person with a brain is going to blame this on Trump.


Unfortunately there are million and millions of brainless zombies in this country.
Posted by back9Tiger
Island Coconut Salesman
Member since Nov 2005
17959 posts
Posted on 2/27/20 at 4:49 pm to
He took over an utterly stagnant economy in which we were told was never coming back to learn how to program or some stupid shite like that... he then removed red tape and over regulations, but the open for business sign and here we are. Obama gets zero credit for any of this but you keep his balls nice and warm in your throat like a good little liberal.
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