stock market was up today...

[37L1]

Glad I didn’t buy last week. Still holding out.

Smart move.

You just know there are some who have buy orders in when certain lows are reached.

 

[NorthDallas40]

Glad I didn’t buy last week. Still holding out.

Yeah I wasn’t seriously eyeing getting back before this week. Even with the halt ongoing right now SnP is at 81% of recent highs I believe. Just kissing the bear market edge. This stuff is still unfolding so I’d guess it’s gonna go down a good deal more with the oil war added on last Friday. But it’s a clear chance to make some serious coin. And the market will go back up, because the time that it doesn’t all of our FIAT currency is worthless anyway.

 

[05_never_again]

If we weren’t buying a house I’d be plowing some cash into this. This is a ridiculous oversell. Why should the market drop 15% over something that has killed less than 20 people here? Whatever supply chain hiccups this causes with China will be short term. Why you would be selling right now is beyond me.

Couple things:

1 - Equities had really ramped before this selloff...some air is coming out of the high-flying tech names in particular
2 - Even if this virus gets contained and it doesn't kill/infect many more people, the market has to price in the impact of people changing their behavior because of it. And people do appear to be changing their behavior, especially with respect to travel. Anecdotally, business travel appears to be falling off a cliff, and it looks like it is probably going to impact vacation season this summer.

 

[NorthDallas40]

Trading resumes. Looks like some automated buy orders were triggered at the 7% level from the immediate bounce. Let’s see where the trend goes now

 

[carlos86]

But or no buy??? Lol

 

[Mick]

Bunch of Buy! Buy! Buy! backtrackers.

Some people are just going to have to admit they are FOS.

 

[Mick]

Scroll back a bit girl. Finger poised over the buy button is where I’m at.

Pull the trigger, pansy.

 

[37L1]

Trading resumes. Looks like some automated buy orders were triggered at the 7% level from the immediate bounce. Let’s see where the trend goes now

It's still going to be down.

 

[TN Ribs]

Donald is sooooooooooooooo out of touch. Pandemic in motion and he tweets about politics.

Elect a clown, expect a circus.

View attachment 265352

This is when leadership is needed, unfortunately this Administration is devoid of that particular trait.

 

[Stew Cook]

Health sector looks good. ...

Hmm... wonder which companies have domestic production of those UV light sterilizers?

 

[evillawyer]

Carnival has dropped half it's market cap since January 17th. Royal Caribbean has gone from $135/share to $51/share during the same period.

 

[MontyPython]

If we weren’t buying a house I’d be plowing some cash into this. This is a ridiculous oversell. Why should the market drop 15% over something that has killed less than 20 people here? Whatever supply chain hiccups this causes with China will be short term. Why you would be selling right now is beyond me.

The market was overvalued to begin with. PE ratio at historically high level.

There was a HUGE run from 2009 to 2020. I wouldn't be catching a falling knife right now.

It wouldn't surprise me to see us hit 20K to 21K before all is said and done.

 

[NorthDallas40]

Pull the trigger, pansy.

Patience, cockroa... er grasshopper, patience

 

[lawgator1]

If people think the media wasn’t weaponized before, it is now. This is being played up by the media because this is the last shot they got at Trump.

If trump was smart, he would sit back and shut up, but he doesn’t know how to do that.

 

[hog88]

But or no buy??? Lol
View attachment 265356

Buy

 

[1972 Grad]

It's not over.

Bump from Feb. 25.

 

[happy-go_vol]

Gold has really jump up. Almost 1700.00

 

[MontyPython]

Don't catch a falling knife.

Wait a month or two or so, and we may have a nice buying opportunity.

 

[Mick]

Gold has really jump up. Almost 1700.00

Way to go Trump.

 

[Rifleman]

Bunch of Buy! Buy! Buy! backtrackers.

Some people are just going to have to admit they are FOS.

 

[Orange_Vol1321]

The Saudi Prince is dropping their oil prices. Trying to hurt competitor's. Since President Trump has pushed drilling it should hardly affect us. Watch what it does to Russia.

 

[lawgator1]

The Saudi Prince is dropping their oil prices. Trying to hurt competitor's. Since President Trump has pushed drilling it should hardly affect us. Watch what it does to Russia.

Incorrect. Is expected to hurt shale companies, in particular.

 

[Orange_Vol1321]

Incorrect. Is expected to hurt shale companies, in particular.

It won't hurt us. We're drilling enough to supply America. Gas prices should fall 15 cents.

 

[Rasputin_Vol]

Chesapeake Energy must be about to be bankrupt if that hasn't happened yet.

Filed for bankruptcy few months back...

 

[evillawyer]

Gold has really jump up. Almost 1700.00

I find the whole concept of gold troubling. Why is it anymore intrinsically valuable that anything else? It's shiny and has some decent conductivity properties. If Armageddon truly comes, gold ain't going to be much use.