I kept buying all through the drop. several trades were filled in last few seconds Thursday and Friday. Have never been that aggressive, but was still too timid to go all in - alas.
The idea is to make money, nothing else matters. If you're a shoe shine boy and a big wall streeter who never misses walks by and skips his shine that's a clue.
1) No, not your error, your inability last Friday to predict what the market would do today. In hindsight, you call it an error, if the market would have tanked again today, you'd have called it a smart move and would have attributed it to your skill. 2) Your story demonstrates the problem of market timers of when to get back in after they got out. You didn't have enough balls on Friday to get back in. Why didn't you get back in today? We may recover another 4% tomorrow. Maybe we are back to where we started before last week the day after. And you are sitting on the sidelines missing the gains, not having the balls to get back in. Again, I am not trying to pick on you to be arrogant, I am trying to demonstrate the follies of market timing on the basis of an actual case study. Please folks, don't make these mistakes to gamble with your retirement savings. Stay the course. And that means: Also stay the course should Bernie get elected. Businesses won't all of a sudden all close, people will continue to want to make money. Life will go on, maybe better than before.
No Mountain House dehydrated food has been available here for five weeks. It's back in Walmart today. Those are clues. Not the whole picture, just clues.
Oops, thread fail... BREAKING: The Dow jumped 1,293.96 points higher, or 5.1 percent, to close at 26,703.32. That is the largest percentage point gain since 2009.
Why should people lose their donkys if a commie gets elected? Is it patriotic to go down with a sinking ship? Maybe you would do better to oppose the commies. Then, ther won't be any collapse.
A couple of things happened. 1) China's GDP dropped to lows not seen in years. This gives us lots of leverage. 2) In the past 2 weeks, many investors bailed on equites in a flight to treasury bonds. That lowered the yields on the 2 yr, 10 yr and 30 year to lows so low that no one except those who held much older issued bonds at much higher yields were making a dime. It was just parked money. Simply put, the money parked in bonds got reinvested in stocks but at prices 10% lower than a week ago.
I'm not an economist. The stock, bond and commodities markets are not controlled by the Federal reserve Bank or correlated with common economic indicators such as the GDP, PPI, CPI, Employment Indicators, Retail Sales or Consumer confidence. I'm at somewhat of a loss as to what you are asking. Are you are asking if there will be economic growth in the next quarter in the USA?
Possibly not. The 4th qtr of last year was lower than anticipated. My guess is that we could easily slip into recession at the end of the 1st qtr and beginning of the 2nd qtr.
Here is how I am handling the "crash": And how I will await my next opportunity: All thanks to the political hysteria of the dems and lefty media!
I think you are confusing market timing with buying on a low. My point about buying last friday after the huge drop was long term you couldn't go wrong. i chickened out thinking the market wasn't done falling and it may not be but after that huge fall it was a buy opportunity I may have missed. Now I'm in the position to buy at this point or hope for another drop and jump in then. Impossible to know where and when we hit bottom and you can't go wrong getting in right now but ideally I'd like to invest after a huge fall not after a huge jump.
Well I've been unlucky plenty but in this market you would have to be an idiot not to have made good money since 2016. The economic news that drives this market is still strong and will continue to rise unless something drastically changes. Now this time I got lucky on timing but it was a pretty safe bet to know a rally was coming. I'm watching closely this morning ready to pull some out if I need too.
At this point, March 3rd, the indication seems to be that the virus is spreading much faster outside China than inside. This is based on observations and assessments made over the past month of February. And, if we are to believe the Chinese data, the virus is barely increasing there at all -- and in the Wuhan area least of all...! This suggests that that virus will spread around the world in a thin 'blast-wave' of infections, inflict a relatively small number of casualties (especially in 'First-World' countries), and be essentially 'over-with' by late Spring. But, look for the internationalist central banks (Fed, ECB, Bank of England, Bank of Japan, et al) to flood the world with astounding amounts of new, imaginary money while they slash interest rates toward ZERO (if they're in countries where this hasn't happened already). A real 'Beggar's Banquet'.... Household debt in the United States, which is already at the highest levels in history, will continue to SOAR. Nobody will have money left in savings accounts anymore, and everybody in the Wall Street casinos will be happier than 'pigs in sh!t'.... Enjoy!
The reason why China is getting things under control is because they put whole cities on lock down for more than a month. Are we prepared to do this? I think when we get to that point, it will be too late.
Trying to buy on a low IS market timing, since you never know when the low will be. Your experience from last Friday should have emphasized that point to you. However, I doubt you were listening, and you'll market time again - at your own peril.
So your plan i s buy any time the urge strikes? Pay no attention to what the market is doing? Buying on a low is common sense not market timing.
The best we can do is learn to crack down immediately (with only a very small part of the picture known) on POE, international flights, and borders for the next emergency, and call COVID-19 a learning experience.
Bush's tax cuts didn't hurt me until Obama let them expire in January 2013. Suddenly the cost I'd pay for my gas and water bill was eaten up in taxes. Trump's tax cuts added even more back to my check than Bush's tax cuts. 8 years of those wars took place under Obama. Last but not least, government insurance would absolutely NOT be less overall for America, and I don't know how you feel about sitting on a waiting list for months like citizens in gov healthcare countries, but I don't like the sound of it. Do you really feel the way you post or do you hate Trump so much that you'd sit back with a bucket of popcorn and blissfully watch the country get destroyed as long as it meant that Trump was no longer your president?
LOL yeah. "I think you are confusing market timing with.." and then proceeds to describe market timing. Too funny.
