Re: DOW headed to 1,000 point drop
[Re: Canvasback2]
#6785482
02/27/20 09:25 PM
02/27/20 09:25 PM
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Joined: Dec 2010
Posts: 1,684 Wisconsin
Green Bay
trapper
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trapper
Joined: Dec 2010
Posts: 1,684
Wisconsin
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I think this is going to get a lot worse before it gets better. Supply chains are in dissarray around the world.
Author of The Lure Hunter: A Guide to Finding Fishing Lures
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Re: DOW headed to 1,000 point drop
[Re: Canvasback2]
#6785497
02/27/20 09:37 PM
02/27/20 09:37 PM
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Joined: Dec 2011
Posts: 10,402 MT
snowy
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trapper
Joined: Dec 2011
Posts: 10,402
MT
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^ I agree. It isn't all about the markets that will suffer but what is worse for all of us is this coronavirus. This isn't a good thing for the world and the losses in markets dont even compare to losses of life. A sad thing.
Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
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Re: DOW headed to 1,000 point drop
[Re: gryhkl]
#6785545
02/27/20 10:16 PM
02/27/20 10:16 PM
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Joined: Mar 2007
Posts: 35,176 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,176
McGrath, AK
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I bought a few things and have bids in if they drop further. I'd like to pic up some QCOM and more DAL, and disney for holding long term. I can sure understand the DIS but DAL scares the daylights out of me. I have a hard and fast rule to NEVER invest in airlines. It only takes one 'incident' to bankrupt a company. as I learned with Valu-jet in 1996. I think I would consider Boeing before I would an actual airline. How much more bad news is there in BA ?? QCOM maybe. TSM, AMAT, or INTC maybe.
Mean As Nails
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Re: DOW headed to 1,000 point drop
[Re: gryhkl]
#6785548
02/27/20 10:19 PM
02/27/20 10:19 PM
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Joined: Mar 2007
Posts: 35,176 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,176
McGrath, AK
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gryhkl Looks like Obama took the lead again in stock market growth. Oh Well! There is always negative interest rates to try. ....I'm worried about the negative interest rates. And if the donald gets his pic for the fed we are all in trouble...IMHO of course. I don't think we will see negative rates. I am guessing you are referring to Judy Shelton. What is your objection to her ?
Mean As Nails
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Re: DOW headed to 1,000 point drop
[Re: proratman]
#6785563
02/27/20 10:30 PM
02/27/20 10:30 PM
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Joined: Mar 2007
Posts: 35,176 McGrath, AK
white17
"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,176
McGrath, AK
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I am 64 years old. I believe that this could be the biggest event in my life. I wouldn't call it the biggest event in my life.........that would be the birth of my daughter and a couple other incidents. But it is right up there close to the top. I made my first trade in 1961 and have been in the market ever since. I survived the crash of 1987, 1989. 1999, 2008 and the flash crash of 2010 ( that one was a lot of fun !! )) When the market drops a thousand points and a trillion dollars in 36 minutes and then reverses.........I like it !! Things like these days can be depressing and worrisome but in the long run fear is your friend. Don't be afraid of volatility. It is the norm. Up until the last week volatility has been unnaturally low. This, while admittedly extreme, is just a reversion to the mean. We have lived through some records in the past few days and are still standing Grab opportunity by the throat !
Mean As Nails
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Re: DOW headed to 1,000 point drop
[Re: Canvasback2]
#6785575
02/27/20 10:42 PM
02/27/20 10:42 PM
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Joined: Dec 2011
Posts: 10,402 MT
snowy
trapper
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trapper
Joined: Dec 2011
Posts: 10,402
MT
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^ true. I don't listen to all the noise and don't look at my accounts in times like this. If this down spiral is more then a correction then it might be a year or two before be get back to the high. A person has to be in it for the long haul or not at all. IMO
Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
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Re: DOW headed to 1,000 point drop
[Re: Canvasback2]
#6785725
02/27/20 11:52 PM
02/27/20 11:52 PM
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Joined: Dec 2011
Posts: 10,402 MT
snowy
trapper
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trapper
Joined: Dec 2011
Posts: 10,402
MT
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^ Lol. Yah, I get it. Like you said, you seen many hard times in the markets since 1961, I started in 1980 and seen all those same tough times as you did. A guy lives long enough you will always see better days, any way that has been the history of markets.
Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
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Re: DOW headed to 1,000 point drop
[Re: Canvasback2]
#6785806
02/28/20 01:44 AM
02/28/20 01:44 AM
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Joined: Aug 2011
Posts: 45,522 james bay frontierOnt.
Boco
trapper
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trapper
Joined: Aug 2011
Posts: 45,522
james bay frontierOnt.
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Should a had your money in gold-its going thru the roof. Good bonuses for all the miners right now.
Last edited by Boco; 02/28/20 01:44 AM.
Forget that fear of gravity-get a little savagery in your life.
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Re: DOW headed to 1,000 point drop
[Re: white17]
#6785839
02/28/20 06:36 AM
02/28/20 06:36 AM
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Joined: Jan 2009
Posts: 6,683 PA
gryhkl
trapper
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trapper
Joined: Jan 2009
Posts: 6,683
PA
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I bought a few things and have bids in if they drop further. I'd like to pic up some QCOM and more DAL, and disney for holding long term. I can sure understand the DIS but DAL scares the daylights out of me. I have a hard and fast rule to NEVER invest in airlines. It only takes one 'incident' to bankrupt a company. as I learned with Valu-jet in 1996. I think I would consider Boeing before I would an actual airline. How much more bad news is there in BA ?? QCOM maybe. TSM, AMAT, or INTC maybe. I think DAL is dropping too far and when(if?) things turn around and people start traveling again the stock will climb quickly back to near all time highs. It's a gamble, nut I like my chances and will pick up a little each time it drops. I do thing QCOM and DIS are better picks at these prices and I'm adding to them, but I don't want all my eggs in one basket. and yep, I am talking about sheldon. If she is the one, I think the fed will actually be run by trump and nothing will be done without considering the effect it will have on trump's numbers.
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Re: DOW headed to 1,000 point drop
[Re: Green Bay]
#6785843
02/28/20 06:43 AM
02/28/20 06:43 AM
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Joined: Jan 2009
Posts: 6,683 PA
gryhkl
trapper
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trapper
Joined: Jan 2009
Posts: 6,683
PA
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I think this is going to get a lot worse before it gets better. Supply chains are in dissarray around the world. Is there anyway the virus can arrive on packages that are shipped from places most effected by it?
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Re: DOW headed to 1,000 point drop
[Re: white17]
#6785869
02/28/20 07:33 AM
02/28/20 07:33 AM
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Joined: May 2010
Posts: 10,485 MN
Steven 49er
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trapper
Joined: May 2010
Posts: 10,485
MN
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I am guessing you are referring to Judy Shelton. What is your objection to her ?
You have to ask? She advocates for sound money practices.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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