guys.......stock market........

Damn....I'm glad i sold everything yesterday morning. What a fkn bloodbath today already
 
D9hsmhlWsAAO6We.jpg
 
S&P is down ~12% from its all time high. Need to talk to the wife if we should move some cash now or play the guess when it will bottom out game.
 
How y'all like getting monkey hammered? Starting to sweat a bit? Still wanna BTFD? Do you feel lucky?
 
It’s not looking good right now is it guys

LOL
 
Sketch said:
Good. Hopefully it tanks. I’m holding for the next 20 plus years since I’m only 29 now anyway. Let it free fall, I just see it as a sale and I can buy more. I don’t care what the market looks like today, tomorrow or even 5 years from now.
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Yep, im hoping it tanks too. Just sold a bunch of stock in a taxable to buy a house when it was near peak. Dont have much cash on hand to buy back in, but if it continues to spiral for a quarter, I may be able to sneak back in and come up. Lets go Corona!
 
boingyman said:
S&P is down ~12% from its all time high. Need to talk to the wife if we should move some cash now or play the guess when it will bottom out game.
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Have you made any moves? I got lucky and sold a bunch of AAPL (I've been looking to diversify a bit more) for a good profit but now I'm "stuck" holding cash. I've been slowly trickling in on BRKB, VTI, and VOO. I know I won't time the exact bottom but find this is a good buying opportunity as long as I play it smart and don't dump all my cash in after the recent drop(s).

I still feel like I'm sitting on WAY too much cash....which isn't a brag about cash it just drives me nuts b/c I want to take advantage of the market and not sit on my hands when there is money to be made.
 
TheNinja said:
Have you made any moves? I got lucky and sold a bunch of AAPL (I've been looking to diversify a bit more) for a good profit but now I'm "stuck" holding cash. I've been slowly trickling in on BRKB, VTI, and VOO. I know I won't time the exact bottom but find this is a good buying opportunity as long as I play it smart and don't dump all my cash in after the recent drop(s).

I still feel like I'm sitting on WAY too much cash....which isn't a brag about cash it just drives me nuts b/c I want to take advantage of the market and not sit on my hands when there is money to be made.
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Don't try to catch a falling knife
 
mixmastermo said:
Don't try to catch a falling knife
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That is good advice. I'm just not sure what to do with my cash at the moment. I feel like the Bay Area housing market isn't safe (or anywhere affordable) and I don't trust the stock market at all right now . I suppose leave in my Etrade premium savings where I'm at least getting 1.75%........
 
mixmastermo said:
Don't try to catch a falling knife
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This. I've been keeping an eye on things recently and there's now rumours floating around for a co-ordinated central bank action to stop the slide. Apparently the market picked up on it too and we got a bounce off the bottom at around 11am today so it appears to be "priced in". Problem is if it doesn't happen. That's when shit gets fun. No way in hell I'm holding any position, long or short, in anything over the weekend. There's a high likelyhood of either a rip your face off rally or a continued dump when the markets open next Monday, and it's pretty much a coin flip which one it'll be. End up on the wrong side and your trading account gets zeroed. 50/50 double or nothing is not a good trading strategy.
 
TheNinja said:
Have you made any moves? I got lucky and sold a bunch of AAPL (I've been looking to diversify a bit more) for a good profit but now I'm "stuck" holding cash. I've been slowly trickling in on BRKB, VTI, and VOO. I know I won't time the exact bottom but find this is a good buying opportunity as long as I play it smart and don't dump all my cash in after the recent drop(s).

I still feel like I'm sitting on WAY too much cash....which isn't a brag about cash it just drives me nuts b/c I want to take advantage of the market and not sit on my hands when there is money to be made.
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Not yet. I'm in Disneyland right now. I may make a move next week. Probably start with 20-25% and buy some VOO. Then assess as each day passes.
 
Was thinking about buying at the open today after seeing another freefall, but chickened out and saw AAPL bounce back after big drop earlier.
 
boingyman said:
Dotcom bubble was also a anomaly. The market, specifically the NASDAQ grew rapidly in a short period of time, a lot based on speculation and greed, hence why it dropped over 75%. Personally I think it could be similar to 2018 or even up to a 10-15% total drop at worse. At best single digit % rise by the end of the year. At the end though all this shouldn't matter as I have over 2 decades more until I retire, which the majority of my investments are held in my retirement accounts. Again just my personal prediction, which I could be totally off. I just know I have too much assets in cash that I want to move into the market, but I'm always hesitant on the timing, especially after missing a nice 2019.
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I would say a virus that has lock down a population larger than Europe that does practically all manufacturing for the world and is now spreading at a rapid rate is also an anomaly. Once news came out that northern Italy went on lock down the rest of the world finally realized that this thing isn't stopping and the panic ensued. If for some reason this virus doesn't pan out bad for whatever reason(warm weather or anything else) the stock market could recover. On the other hand If this plays out bad this thing is going to be a disaster of epic proportions.

At the end of the day the market is not efficient when it comes to things that wall street analysts don't focus on. When a stock beats earnings by a few dollars a share in a quarter then that stock will be accurately priced to within a thousandth of a penny in under 5 mins. Once a non-financial force enters its ugly head upon the markets such as war, brexit or a global pandemic they don't know what to do even if there is clear warnings for weeks

If this virus is as bad as it could be and a vaccine isn't available until the fall of 2021 earliest which is most likely then earnings will drop dramatically because at the end of the day the market can't outsmart itself. At the end of the day If it was more profitable to have people quarantined in homes vs working out then thats what would have been done years ago.

This is a giant bubble and we are living in a world where 20 somethings are flooding the market with money from learning how to trade on Youtube using an app on their phone. This virus hasn't even really impacted North America or most of Europe yet. IF it does get bad in the rest of the world the market drop is going to make this week look like great week. Trust me I would love to be wrong on this but this could get really ugly but depends on external market forces. The legion of super heroes(central banks) will be talking strategy on a hail mary.
 
Bounced back before I could convince myself to buy.
 
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