haapai
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Post by haapai on Feb 27, 2020 15:23:25 GMT -5
We're back in correction territory again, down over 700 from the open.
I've got to find something more constructive to do with my time.
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thyme4change
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Post by thyme4change on Feb 27, 2020 15:34:28 GMT -5
I'm looking. It keeps me grounded.
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Deleted
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Post by Deleted on Feb 27, 2020 15:54:02 GMT -5
I'm looking. It keeps me grounded. I just saw -1036...
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busymom
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Post by busymom on Feb 27, 2020 16:16:14 GMT -5
Holy carp! It's at -1,190. Blood in the streets!
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thyme4change
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Post by thyme4change on Feb 27, 2020 17:36:53 GMT -5
Do they still shut down trading if things have fallen too far? How much of a loss triggers that?
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oped
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Post by oped on Feb 27, 2020 17:39:37 GMT -5
Yes but its 7% for the first pause, 13% for the second... we are pretty high numbers to reach that percentage. It wasn't 5% today, so... As it drops lower the absolute point value needed to reach that percentage obviously drps, so i guess we see, but it seems unlikely? It dropped over 7% 3 times in 2008... but the most total point was only 733 in a day.
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obelisk
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Post by obelisk on Feb 27, 2020 22:14:37 GMT -5
In the end the basics of the US market will keep us wealthy. Where else is the money kept in the long run.
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princessleia
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Post by princessleia on Feb 28, 2020 8:55:08 GMT -5
Funded DH, DD and DS's 2019 Roth IRAs the last couple of days. Haven't bought anything yet though. Still thinking what to invest in. Decided to do my children's Roth IRA for 2019 and 2020 as our gift down the road for the day they decide to buy their own home
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moon/Laura
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Post by moon/Laura on Feb 28, 2020 9:35:25 GMT -5
ok, since this thread has derailed into another political rant, i am locking the thread. i may or may not clean it up and re--open it. not sure who started the BS but i can see a whole lot continued.
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moon/Laura
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Post by moon/Laura on Feb 28, 2020 12:20:28 GMT -5
Ok, I think i got all the political derailment out of here. Keep it on subject, please.
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busymom
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Post by busymom on Feb 28, 2020 12:40:52 GMT -5
Ok, we're currently at -502. Any guesses on when we'll hit bottom?
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Gardening Grandma
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Post by Gardening Grandma on Feb 28, 2020 12:50:57 GMT -5
I think we’ve a ways to go
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movingforward
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Post by movingforward on Feb 28, 2020 13:13:52 GMT -5
I don't think the bottom is coming for a while...with new countries showing signs of the outbreak, I feel like this is going to last quite a while.
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Tiny
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Post by Tiny on Feb 28, 2020 15:44:42 GMT -5
I think where ever it ends today will be the bottom - give or take a 50. (goes for both the Dow and S&P). I think the weekend will cool things off. I think Monday will be optimistic and then by the end of the week we'll see losses again. I consulted my Origami Fortune Teller (I don't have an 8 Ball at work).
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Gardening Grandma
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Post by Gardening Grandma on Feb 28, 2020 15:47:27 GMT -5
I don't think the bottom is coming for a while...with new countries showing signs of the outbreak, I feel like this is going to last quite a while.
And when it really starts showing up here, there'll be a new tanking
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busymom
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Post by busymom on Feb 28, 2020 17:28:10 GMT -5
So today has ended at -357. It's been a painful week.
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Gardening Grandma
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Post by Gardening Grandma on Feb 28, 2020 18:01:18 GMT -5
It was the worst weekly decline for stocks since the 2008 financial crisis. In early October that year, the S&P 500 fell about 18 percent. The Dow Jones industrial average fell more than 1 percent on Friday. (NYT)
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lynnerself
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Post by lynnerself on Feb 29, 2020 17:19:16 GMT -5
I think where ever it ends today will be the bottom - give or take a 50. (goes for both the Dow and S&P). I think the weekend will cool things off. I think Monday will be optimistic and then by the end of the week we'll see losses again. I consulted my Origami Fortune Teller (I don't have an 8 Ball at work). I'm just guessing. But with the first death and several non travel related cases reported, I think the market will continue to drop on Monday.
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thyme4change
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Post by thyme4change on Mar 1, 2020 22:06:28 GMT -5
I'm not sure the market is dropping as much because of deaths. It is supply chain problems.
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Gardening Grandma
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Post by Gardening Grandma on Mar 1, 2020 22:08:33 GMT -5
I'm not sure the market is dropping as much because of deaths. It is supply chain problems. That and the perception that the administration doesn’t have a clue what to do
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busymom
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Post by busymom on Mar 1, 2020 23:40:36 GMT -5
I'm not sure the market is dropping as much because of deaths. It is supply chain problems. That and the perception that the administration doesn’t have a clue what to do The problem is, it's not a perception. They've been bungling things up in regards to the virus. Bigly.
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countrygirl2
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Post by countrygirl2 on Mar 1, 2020 23:58:43 GMT -5
2nd death, its beginning.
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jerseygirl
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Post by jerseygirl on Mar 2, 2020 8:44:14 GMT -5
Market futures are up but we’ll see how the day goes Apparently up Fed might be decreasing rates and OPEC decreasing
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oped
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Post by oped on Mar 2, 2020 8:54:15 GMT -5
Market futures are up but we’ll see how the day goes Apparently up Fed might be decreasing rates and OPEC decreasing Not any more... It swung like 1000 points overnight. Stability feels a long way off...
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busymom
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Post by busymom on Mar 2, 2020 10:25:11 GMT -5
Well, we're in positive territory right now, but not by much. +46
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busymom
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Post by busymom on Mar 2, 2020 12:40:14 GMT -5
Hmmm. We're at +755. Maybe a dead cat bounce? But, even if we close at +1,000 by the end of the day, we'd still be way down from last week...
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oped
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Post by oped on Mar 2, 2020 13:36:50 GMT -5
I said last week my expectation is we enter bounce and crash territory where it’s not all straight down again... I’d be just as surprised by all straight up. I think volatility is where it will be for awhile.
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Deleted
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Post by Deleted on Mar 2, 2020 16:22:59 GMT -5
I ended up doing a little rebalancing with the upswing today.
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busymom
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Post by busymom on Mar 2, 2020 17:12:08 GMT -5
Ok, so we ended the day +1,294. Not back up to where we were, but at least there weren't further losses.
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phil5185
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Post by phil5185 on Mar 2, 2020 19:17:05 GMT -5
It is starting to look like the ContraV Crash wasn't all due to ContraV - the SC voting results indicted that Bernie could be the winner of the Primaries. And that possibility puts Trump vs Bernie in Nov 2020. Socialism is not a good thing for investors and business people.
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