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DOW 20k!!! - the investing thread

Discussion in 'Everything Else (off topic)' started by basod, Jan 25, 2017.

  1. Mwalsh9152

    Mwalsh9152

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    He cashed then out and consolidated everything. obviously something very conservative.
     
  2. Canadian border VT

    Canadian border VT

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    Down almost 5%. :dancer: My play fund is making :makeitrain" Bad part is only 5%:(
     
  3. wildwest

    wildwest Moderator

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    Was there another circuit break this morning? Says down 9%
     
  4. Erik B

    Erik B

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    wildwest Yes there was shortly after the open.
     
  5. Knothead

    Knothead

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    Another terrible day for stocks ...... I hope and pray things turn around soon!

    The Dow Jones Industrial Average closed down 2,352 points, or 10%. The index had its worst drop since the 1987 Black Monday market crash, when it collapsed by more than 22%.The S&P 500 plummeted 9.5%, joining the Dow in a bear market. The S&P 500 also had its worst day since 1987. The Nasdaq closed 9.4% lower.

    Dow plunges 10% amid coronavirus fears for its worst day since the 1987 market crash

    [​IMG]
     
    Last edited: Mar 12, 2020
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  6. stuckinthemuck

    stuckinthemuck

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    There it is... Dow 20k..
     
  7. Knothead

    Knothead

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    Very sad....I hope somehow we can recover a percentage of this drop over the remainder of the year. But even worse it looks like we are entering a U.S. and a Global recession. IDK
     
  8. ironpony

    ironpony

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    no one lost anything unless they were foolish and sold...........................

    now or shortly will be the time to buy
     
  9. lukem

    lukem

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    One of my co-workers, who is responsible for a $XXM P&L, said "maybe I should back off on my 401K" for a while. I told him, if anything, now is the time to crank it up...not back off.
     
  10. bushpilot

    bushpilot

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    I have been buying down. So far I look like a fool, and the "losses" are substantial. If I had more liquidity, I would still be buying, but I have hit the limit of prudence.

    I have never sold because of a down market (since before 87) and won't now if I can avoid it.
     
    Last edited: Mar 17, 2020
  11. billb3

    billb3

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    You're sure as hell not foolish if you had a crystal ball, sold three months ago and are now sitting on a larger wad of cash to buy back in today than if you did nothing.
     
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  12. billb3

    billb3

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    Yeah, but if you're still young(-ish) it's still about the number of equities and not the current or yesterday's value.
    I have some cash I put in a 1 year CD maturing Monday. Current rates kinda suck. It's money I can afford to put into a riskier position.
     
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  13. bushpilot

    bushpilot

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    I am retired. Currently about 75% stocks (US and Intl.), which is down from what I have been most of my life, being 100%. I was about 75% going into this, still about 75% (maybe a little less) due to buying/rebalancing. My intention is to hang on, but eventually (in a couple of years or so) I will need to sell some for income.

    My crystal ball is very dim, but it is what has worked for me so far, so I am going to try to continue on that road.
     
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  14. bushpilot

    bushpilot

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    Whenever I think of selling, I remind myself that everything else in life I try to buy when cheap, and don't buy, or might consider selling, when expensive.

    Stocks are no different.
     
  15. yooperdave

    yooperdave

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    I f only we had …………...

    upload_2020-3-18_8-4-51.jpeg
     
  16. cnice_37

    cnice_37

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    I'm thinking we'll go under 20k today and stay there for quite some time. Buckle up. I told myself I'd stay the course.
     
  17. rottiman

    rottiman

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    Yeah............and if the Queen had balls she be the King !!!!! :rofl: :lol::rofl: :lol::rofl: :lol::rofl: :lol:
     
  18. billb3

    billb3

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    We dodged that insanity bullet a few years ago down here.
     
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  19. Canadian border VT

    Canadian border VT

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    I am not an ETF guy I research stocks and buy companies I like In a self-directed 401(k) Roth. What most people don’t realize, is under normal circumstances, the current earnings are only about 10% of the value of a share. I am looking hard at some high dividend paying stocks.
     
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  20. lukem

    lukem

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    Wonder how many, if any, companies will shift from dividend to buy-back strategy at current valuations? Something to consider before buy.