DOW 20k!!! - the investing thread

damm, WTI crude dropped from about $27 to $23 by noon and is "freefalling" towards 21.00 right now.
There will likely be some dividend cuts in some energy markets that's for sure.
I dunno how many companies will be using cash for buy back programs if they needd to reserve it for temporary losses of income.

 

March 18,2020 @ 13:25
Dow at 19,000
down 2250 points

 

Devilish Math Would Bring Market Down Another 40%

 

Devilish Math Would Bring Market Down Another 40%

 

duplicate.

 

There are some incredible dividends right now, if they can sustain them. I was in high dividends before the dip, still am. "Losses" so far are much greater than the market, we will see, hanging on.

If I were putting more money in right now (none to put in), I'd be looking at Closed End Funds, some are at great discounts with good dividends.

 

Just added more to my IRA.

 

.

 

I have some cash in one year CDs, not 6 months of emergency living cash, just "cash" that's in a no-risk basket and one of them matures Monday . I'll probably invest all of that maybe next week-ish. Saving Rates are kinda low right now so it sorta makes more sense to gamble it on something. Probably more of something rather than something new. Too many potential bargains right now. In a year or two I could put it back in to cash vehicles if interest rates go back up.
Ah for the good old days in the early eighties when CD rates were around ten percent and any extra cash you could sock away really grew. Heck I was happy with 5% for a long time.

 

I'm not tempted yet. It will get a lot worse, bodies on the streets of NYC worse.

 

I pray your wrong, I think you may be right! I used to work there 6 feet is not possible.

 

I wish we had a 10 feet rule over here.

 

I'm hearing the military is on standby in London.

Also hearing looting parties are being coordinated via social media in Philadelphia.

 

This downturn has the potential of being worse than 2008 since it's not just 1 sector mainly involved (financial), it's everything.

 

Oh heck no! There'd be some homegrown "neighborhood watch" going on around here!

That's exactly why I think it will bounce back quicker, once the worst of this storm is past of course...people will quickly tire of being cooped up and go nuts with going out and about once they can...

 

Excellent point

 

And the neighborhood watch would be the quickest way to end all of that looting bullchit. damm thieves!

 

I think all thieves are hot...and therefore need ventilation...

 

Hedge-fund manager: Market ‘purging’ could lead to a plunge of ‘at least 74%’

I believe that the downside mentioned in this article is possible consider the underlying fundamentals in our debt based economic system that were in place even before Covid 19 pricked the "everything bubble." I think it is possible that we are looking at a 6-9 month period of downward volatility in stocks.

 

Don't Catch a Falling Knife - The Irrelevant Investor