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Stock Market Watch |OT| I've stocked up on market watches, what now?
- Thread starter Mr.Awesome
- Start date
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Question: Is the correct thing to do with my 401k right now still nothing?
That was my take away when we panicked a month ago and I'm just wondering if I should still be doing nothing. I never check this thread
That was my take away when we panicked a month ago and I'm just wondering if I should still be doing nothing. I never check this thread
I mentioned a few pages back that I put €30k into a multi assets portfolio (MAP) about 18 months ago.
Start of March it was at 33.5k.
Now its down to 26.8k.
:(
Start of March it was at 33.5k.
Now its down to 26.8k.
:(
Yeah, but look whose winning the premarket
BABoeing Co +12.39%
MGMMGM Resorts Internat... +10.84%
NCLHNorwegian Cruise Lin... +10.55%
Fair value provided by IndexArb.com
If feels like folks as a whole aren't paying attention to how bad the virus is getting. The USA is about two weeks away from an experiencing a 9/11's worth of deaths every single day and the American psyche and workforce aren't ready for it. Trump and Trump supporters are already back to "it's basically just a flu, we're going to reopen by Easter" mode and none of them appear to be looking at the numbers. It's going to be devastating. The markets will not be sheltered from it.
That not alarmism. That's math.
Absolutely. My friend who also trades said these moves don't make sense to us, and once the death toll starts racking up and the unemployment numbers hitting, the real pain will start.
The stock market has been completely divorced from reality for ages.
Right now, on Covid-19, they literally only listen to Trump.
It's gonna go down more, that 30% unemployment and 50% GDP loss will shock everyone.
I do think the worst drops are behind us.
Kind of hard to believe the worst drops are behind us when we haven't even had the official reports of the massive rise in employment and the loss to GDP. To say nothing of the exponential increase in deaths and cases from this. The markers would have to drop substantially.
Yup. Unemployment numbers + daily death toll 10 days from now will result in a huge crash.
What are cruise stocks going to look like when the full picture of the infected won't be known for weeks, or more? Especially in Florida?
I don't think we drop another 10K is what I'm saying.
I do think 5-6k are in the cards.
Ah, fair enough. I hope we don't see another giant crash, but I'm reminded there is no bottom with these things.
If we drop below 10k...that's gonna rock the world as we know it.
Coronavirus would be the least of our worries.
what's 10K in in S&P numbers?
Just looked it up (2009 numbers) 10K DJIA ~1050 S&P500 probably isn't going to happen without a world ending natural disaster.
If I had to guess right now, trying to balance optimism and pessimism, I think we'll see a Dow floor of about 14,000 - about half of its all time high to approximately match the 50% loss in GDP.
If the drop is that bad, we likely won't be alive to even worry about things.
Back by 600s I'd say.
Basically if we fall to post 2008 recession numbers...we'll have fallen further than the Great Depression.
I also think around 13-14k will be the floor but it'll go back up to around 18k pretty quick once the second wave of bailouts comes imo.
No, but it looks like a deal was actually struck this time.
If you follow most trajectories (in Europe) you have a double amount of victims every 2-3 days.
When Italy started their lockdown they had 97 daily deaths, and it rose to a peak of 793 because almost everyone dying was already infected before the lockdown. Last night in the US there had been 211 deaths in the previous 24 hours, and lockdowns started in the worst hit areas about 6 days ago iirc so in the meantime infections were probably doubling every 3 days (Cuomo said that stat, and I've seen it elsewhere too).
Current statistics show that US daily deaths are doubling about every 2-3 days now (closer to 2 right now, unfortunately).
March 20 saw 49 deaths on just that day alone.
March 22 saw 113 deaths on just that day alone.
March 24 saw 225 deaths on just that day alone.
United States COVID - Coronavirus Statistics - Worldometer
United States Coronavirus update with statistics and graphs: total and new cases, deaths per day, mortality and recovery rates, current active cases, recoveries, trends and timeline.
www.worldometers.info
And the virus is everywhere.
Coronavirus World Map: Tracking the Global Outbreak (Published 2023)
The virus has infected and killed millions of people around the world. See detailed maps and charts for each country.
None of this is panic (though if one is not at least anxious, I want the drugs that person is on). We need to really brace ourselves on a human, psychiatric, social, and financial level. This is all very public knowledge, and the simple math is right there to see even if the President of the United States himself thinks we all should be filling churches on Easter Sunday.
Yeah already sold. I thought the stimulus passing might do more to raise proces today, but after the initial spike I went ahead and sold a bunch of stuff. Took a total loss of around $150, but now have $3500 unused money in my ROTH to spend on the next drop.
That sounds way too late. I'd be selling the news right now, after everyone bought the rumor yesterday.
Already done. :) Would have been nice to catch that spike but I slept too late. :P
As someone noted, he wants to see packed churches because he's such a religious person, and he already gave up your grandparents for Lent.
And if you're looking for the Trumps to understand simple math...
You entered too early. The only reason it wouldn't be green today is if the stimulus bill failed again. Expect another little pump once the vote passes. Unemployment tomorrow is probably priced in as well unless it's truly catastrophic. Which it might be, I'm considering reloading my puts after the stimulus vote. Going mid May though.
Bought in yesterday. Tesla, 3M, DAL, Casper. I'll check it all out next year and pray I've made enough for a downpayment on a base model Y.
Good luck and enjoy the rollercoaster!
(I will never understand the Casper play, but maybe that's a good thing...)
Looks like the Boeing bailout is confirmed in the stimulus
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