Dow futures drop nearly 700 points as coronavirus spread stirs fears of global economic impact

It sure was. Whenever there is a 10% drop it is time to start buying.
When there is a real correction - a 20% drop - it is time to buy much more.
I am buying right now.

 

*shrug I do not play market and do not "knee jerk"... I haven't sold a single share of anything for the last 10 years... hopefully, I'll recoup some or much of what I lost by the time I need this money

 

LOL ^ someone who thinks he can time the market

 

LOL! I just described the opposite approach. Think.

 

But surely 3000 points a go you would have spent all your spare cash buying those bargains so what money are you using now? And as for the opposite approach, the opposite approach is not buying when the market drops a set percentage - that is timing the market; not timing the market is buying at a pre-determined time irrespective of what the market is doing and based on company announcements and prospects.

 

??!?

Do you refuse to buy goods and services when they go on sale?

 

Very often yes. Most of goods that go on sale are goods that are due to be replaced by new models especially in the electronic world. Many items that go on sale are advertised as "20% off listed price" which does not mean it is any cheaper than it was last week. Many departments use this kind of language; you will often see signs like "25% off" to only find out that a few months before the sale, the price of the item was increased by 25% to avoid the Sales Act. You will often see, esp in shops like Walmart (Asda over here) "price roll back" implying that the price is the same as it was, say, 10 years ago, to only find out that the package size has been reduced.

 

I'm not sure why everyone keeps trying to fix it with rate cuts.

 

"But surely 3000 points a go you would have spent all your spare cash buying those bargains so what money are you using now?" T&J not Ddy

Read my post again.

 

Cutting rates to stimulate the stock markets is a mistake.
The best reason to cut rates is to counter currency manipulation by competitors.

 

You have to start selling winners eventually, and certainly when they double. Selling winners seems to be the biggest challenge for small investors. You should always have cash and a list of stocks to buy when the price is right. It is easier to pick new winners when the markets crash.

Those who wait for the markets to begin to rebound from a crash miss a large part of the potential gains offered delivered by stocks. I buy incrementally and selectively whenever the market declines 10% and keep buying until it rebounds.

 

it dropped 10% in the week ending 27th Feb. Did you buy, buy, buy at that time? It dropped another 10% in the last few days. So where are you getting all this ready money. It's funny how Trump supporters have this never ending money stream to buy whenever the market goes down or whenever the market starts going up.

 

"and certainly when they double" based on no logic at all!

 

That is what the guys who sit on their winners while the market crashes say. It is all about risk management. You will never lose a dime selling your winners.

 

Buy Low, Sell HIGH.

 

Find the bargains and start incremental buying every time there is panic selling. There is never any excuse for going all in.
You should have been cashing in for over a year in anticipation of this very overdue correction.

 

You will if it doesn't cover your losses. Basing your strategy on past performance is what amateurs do

 

Exactly right, and its not all that hard - so long as you do not think you can to catch the top or the bottom.

 

There is no such thing as a "bargain". Where do you think this money is coming from!

 

Nonsense. Amateurs hang on to winners and losers too long. The worst amateurs try to find the top and the bottom.

 

Buffet bought DAL at a bargain price a few weeks ago. He has lost $3B, but it was a sound investment.
I have a limit order in now for DAL at a far better price - it will be a better bargain and investment - if I get it.

 

Me either...totally unneeded and unnecessary: https://www.cnn.com/2020/03/06/perspectives/fed-rates-recession/index.html

"Going into this epidemic, the US economy was not particularly vulnerable to recession and, despite all of the drama in the markets, it still isn't."

 

A person or company selling shares to you is not doing it to make a loss. There is no such thing as a bargain or free money

 

US treasuries are considered risk free. If you hold the bond to maturity, you're guaranteed a return.

 

Another Great Day for Trump's Roaring Market.

Down 1000 points in less that 2 Hours.