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Stock Market Watch |OT| I've stocked up on market watches, what now?
- Thread starter Mr.Awesome
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People said this week would be blood red. Next week is looking to be green too.
Im just trying to stretch my money as I can but if I need to buy now I will.
someones got a case of the FOMO.
Make a plan with your money.
If buying stocks:
- Have an entry plan: Set a price in which you feel comfortable buying in at.
- Have an exit plan: Know your tolerance to losses and lock those in place and revisit that limit on a schedule.
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Another reason why is cause of this thinking:
And we also learned that, according to Orlando Sentinel, there is an analyst report from JPMorgan which is now estimating that the temporary closures of Disney theme parks in both Anaheim, California and Orlando, Florida could possibly extend until May 1, 2020. This is mainly due to the recent recommendation from The U.S. Centers for Disease Control and Prevention which says that there should be an 8-week ban on all public gatherings.
If Disney is open May 1st then yeah I can see the market maybe is fine where it's at. Seems extremely optimistic to me though.
And we also learned that, according to Orlando Sentinel, there is an analyst report from JPMorgan which is now estimating that the temporary closures of Disney theme parks in both Anaheim, California and Orlando, Florida could possibly extend until May 1, 2020. This is mainly due to the recent recommendation from The U.S. Centers for Disease Control and Prevention which says that there should be an 8-week ban on all public gatherings.
If Disney is open May 1st then yeah I can see the market maybe is fine where it's at. Seems extremely optimistic to me though.
I don't know much about the market, my moneys in a vanguard fund. But how could it still not go down? People aren't going to be buy stuff, flying, going on vacation for who knows how long. The virus is only going to get worse for now. I don't see how that little relief package could keep the market stable now.
When the real casualty numbers start to hit in mid April, it will seem absurd to open anything major by May 1st - especially in Florida where the response was especially slow and botched compared to other states.
You need to stop trying to time the market based on emotions of daily fluctuations man.
The trajectory is downward. These little spurts of green are pretty meaningless unless you're day trading.
I would also ask what kind of investment strategy he has in mind. Is he looking for growth via capital gains? Trading options? Staying relatively safe in bonds? Trying to build a passive income stream? Or some mix of the aforementioned strategies?
Jumping in without knowing or having a goal in mind only makes what is already a risk even riskier.
Well I just did a timid jump in
I figure it's going down because of the complications with the stimulus bill, and that once those are done it will go back up.
If I'm wrong well at least I have some stock to hold onto for the next 5-10 years and I can keep buying as it goes down.
if I'm right then Disney might crawl back up to 110 or so because this fake rally really dies and I can sell there and rebuy when it's down more.
The mall where my friend works out has announced they will be closed until AFTER Easter.
And another friend who works for a US Federal Agency is who extending full time telework until AT LEAST May 1, so expect every employee eligible to stay at home.
Yea, we're not going back to normal for a while.
And another friend who works for a US Federal Agency is who extending full time telework until AT LEAST May 1, so expect every employee eligible to stay at home.
Yea, we're not going back to normal for a while.
May 1 is the new expected date for most things. States like MN have already said that restaurants will not be open until then at least.
weed stocks making there morning moves
That's also the earliest TDB date for my kids school district looking into reopening.
i would assume even then, they will have to have lower seating, etc. So even if things open, its going to be different. I do expect recovery to be a bit more local focused. I wouldn't be shocked if the summer travel season is almost non-existent.
I'm waiting to buy when it goes back to like 110 or lower lol.
You really shouldn't be buying stocks when the virus is still rampaging like that. The markets hate uncertainty.
Because buying and selling in these markets is based on perception and mood. Human whim, basically
Agreed. I think (though who knows) states like MN might ease out relatively quickly if we keep this from spiking. We didn't get hit as early and we clamped down quicker. I could see states like MN easing up and then really going to work supplying aid to other areas. With 3M, Target, Honeywell, Medtronic, etc. here I think it'll be a hub for some of this. So far our numbers of infected/critical/dead are really low relatively. Though we could just be lagging. I suspect, like everyone, we'll get hit harder in the coming weeks.
If you're a super long term holder and patient any time is okay to buy being down from market highs.
I was never confident about anything other than the fact that we haven't seen the bottom, personally. Down markets have stretches of green, of high green even.
Yeah I'm planning to be long term.
Long buys are probably bad, yeah. Someone earlier brought up strangling and it's probably a decent strategy for taking advantage of the elevated VIX.
Buddy just liquifed about $15K in stocks. Said "if you don't have six months of emergency funds in your checking account during this, but you have anything in the stock market, you're a dumbass."
I don't think I agree. But I also don't... disagree.
I don't think I agree. But I also don't... disagree.
The key is to have both. But I choose to only have 4 months of emergency funds. Though I choose to base that off of total gross income and not net income or 'my average per month spend' like a lot of people do when they are determining how much emergency savings to have.
It was a fake rally, boosted more by Trump's concession to corporate interest. Its why he won't invoke the DPA. He is doing everything he can to keep this steady. And the bill passing through the senate finally gave it a boost, which will happen again once it passes the house & ultimately gets signed.
The reality of this situation (the unemployment numbers, the complete flatlining of consumer spending on non-essentials) is a reality whose impact is both severe and long-term of the foreseeable future. Anyone who thinks we are out of this or at the bottom are fooling themselves.
The reality of this situation (the unemployment numbers, the complete flatlining of consumer spending on non-essentials) is a reality whose impact is both severe and long-term of the foreseeable future. Anyone who thinks we are out of this or at the bottom are fooling themselves.
Good to have both really. I wonder how much your buddy essentially lost during all this or if he was even/up. Might have been short sited to take it out if he/she lost a bunch
True but I also think we may have seen the bottom already. Even though it dipped today, it's still way above where it was last week.
It looks like he won't force an in house (requiring human presence) vote, which is good for bill passage
So it's just some brief grandstanding that only results in a short delay?
unless I read it wrong (going through his thread now) and he is forcing a quorum...
Pretty sure he is forcing a vote. They were going to pass it by voice vote (unanimous consent) which doesn't require members to vote yes/no, but he objected
He's right.
6 months should be built up before investing at all.
yeah, that what he's pushing towards in the second post
Thomas Massie on Twitter
“(2/11)The Constitution requires that a quorum of members be present to conduct business in the House. Right now, millions of essential, working-class Americans are still required to go to work during this pandemic such as manufacturing line workers, healthcare professionals,”
twitter.com
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