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
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
no one lost anything unless they were foolish and sold........................... now or shortly will be the time to buy
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.
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.
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.
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.
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.
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.
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.
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.
Wonder how many, if any, companies will shift from dividend to buy-back strategy at current valuations? Something to consider before buy.