oped
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Post by oped on Mar 13, 2020 8:27:37 GMT -5
So back up a bit might be more accurate than flying through the roof?
I would be very surprised if the trajectory was straight up from here on out.
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CCL
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Post by CCL on Mar 13, 2020 9:23:31 GMT -5
Agree. It's likely to be a bumpy ride.
I'm with MPL. I don't consider this (relatively) small bump making money when I'm actually down 10%+ for the week.
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Deleted
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Post by Deleted on Mar 13, 2020 11:24:35 GMT -5
It's already back to +344. I suspect we see a negative number again today and all of next week.
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lynnerself
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Post by lynnerself on Mar 13, 2020 14:19:34 GMT -5
Up 840. Let's see what the president's speech does to it.
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oped
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Post by oped on Mar 13, 2020 15:06:11 GMT -5
Market likes this speech better I guess... ceo central...
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TheOtherMe
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Post by TheOtherMe on Mar 13, 2020 15:36:00 GMT -5
Especially a presser timed to happen at market close
Now if only his nose didn't keep growing
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busymom
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Post by busymom on Mar 13, 2020 17:50:15 GMT -5
Well, the day ended at +1985. But, the problem is that we're down 18.76% for the year.
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busymom
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Post by busymom on Mar 16, 2020 21:26:28 GMT -5
Wow! -2997 This is NOT the kind of record we want to make here.
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CCL
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Post by CCL on Mar 16, 2020 23:59:52 GMT -5
This whole thing is kinda nuts. I've never seen anything like this before.
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oped
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Post by oped on Mar 17, 2020 7:16:14 GMT -5
I don't think we've ever had anything like this before.
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jerseygirl
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Post by jerseygirl on Mar 17, 2020 8:28:09 GMT -5
Thinking of buying some today - probably Colgate Solid company with products people will keep using Tesla is down a lot maybe more today but still high
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ken a.k.a OMK
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Post by ken a.k.a OMK on Mar 17, 2020 8:30:03 GMT -5
My portfolio was down -$252k yesterday. I don't want another day like that!
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GRG a/k/a goldenrulegirl
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Post by GRG a/k/a goldenrulegirl on Mar 17, 2020 9:08:30 GMT -5
Not gonna look, not gonna look...🙈
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GRG a/k/a goldenrulegirl
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Post by GRG a/k/a goldenrulegirl on Mar 17, 2020 9:10:00 GMT -5
If you have kids headed to college and are counting on 529s, I’m sorry. Here: 🥃
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busymom
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Post by busymom on Mar 17, 2020 19:49:23 GMT -5
At least the day ended with the Dow moving back in the right direction. +1,049 We've still got a long way to go.
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Deleted
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Post by Deleted on Mar 17, 2020 22:00:00 GMT -5
If you have kids headed to college and are counting on 529s, I’m sorry. Here: 🥃
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countrygirl2
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Post by countrygirl2 on Mar 17, 2020 22:09:32 GMT -5
I'm sorry for my son, from $500k to $400k and that was a few days ago. We haven't talked about it again.
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Gardening Grandma
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Post by Gardening Grandma on Mar 17, 2020 23:13:16 GMT -5
At least the day ended with the Dow moving back in the right direction. +1,049 We've still got a long way to go. Down, I’m afraid
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Deleted
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Post by Deleted on Mar 17, 2020 23:56:22 GMT -5
Futures are -610.
The numbers of infected and dying will be exponentially growing and there's already a lot of people asking how they will feed their families, so I think it will continue to tank.
The latest stimulus talk is $1K to adults who are below some sort of income cap and then another $1K in 2 months.
People in CA can't pay rent on that let alone buy food and pay utilities.
I hope there's some sort of Plan B to help people. And, why are we bailing out corporations rather than giving nearly all that money to the people who are out of work?
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jerseygirl
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Post by jerseygirl on Mar 18, 2020 4:17:02 GMT -5
DOW Futures down almost 4% Time to do some buying for me But think there might be more losses People will be angry if too much bailing out corporations but auto bailouts actually made money for government and kept people’s jobs. Might think of this as Plan B to keep corporations in business because that’s where the jobs will be. But to people losing jobs corporate bailouts seem heartless
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ohmomto2boys
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Post by ohmomto2boys on Mar 18, 2020 6:31:27 GMT -5
I looked at my 401k yesterday. I know I shouldn't have, but I had to look. Down 25.02%. I'm only 52 and still employed, but it is hard to look at that number. In 2008 - I didn't look because I was a lot younger.
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Post by The Walk of the Penguin Mich on Mar 18, 2020 12:08:08 GMT -5
OUCH!
Not looking. Not looking served me well last time, hopefully this time too.
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busymom
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Post by busymom on Mar 18, 2020 12:20:44 GMT -5
Don't look. Too depressing.
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Miss Tequila
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Post by Miss Tequila on Mar 18, 2020 13:49:33 GMT -5
I just put 1/3 of my 401k back into the market. I bought VTI (total stock market ETF). If the market continues tanking, I still have 2/3 of my 401k in cash. I'm not convinced this is the bottom but I'm hoping we are close. I am going to keep 1/3 of it in cash just in case I need liquidity.
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Post by The Walk of the Penguin Mich on Mar 18, 2020 13:56:33 GMT -5
Still not looking.
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countrygirl2
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Post by countrygirl2 on Mar 18, 2020 14:45:43 GMT -5
I will look later, we are ok, government paper in ours mainly. And we have at the bank in for 8 months and a year, just renewed a few days before all this cratered.
Now if companies and funds start going bankrupt, that will be a rout.
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busymom
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Post by busymom on Mar 18, 2020 16:50:43 GMT -5
Ouch! Close was -1,338
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paynointerest
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Post by paynointerest on Mar 18, 2020 23:00:51 GMT -5
If the government is going to keep shutting down businesses, I think it should shut down the stock market. It would help people's future retirements so they don't panic sell and it would give us some time to deal with this virus.
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MN-Investor
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Post by MN-Investor on Mar 18, 2020 23:15:28 GMT -5
If the government is going to keep shutting down businesses, I think it should shut down the stock market. It would help people's future retirements so they don't panic sell and it would give us some time to deal with this virus. Sounds good unless you're one of those folks relying on your ever dwindling IRA to pay current expenses. You may be selling stocks for a loss, but if that's your only source of revenue, that's what you do. Plus, there are many of us who aren't relying on our stock, but want to change which stocks we are invested it. Maybe I want to sell my oil & gas stocks and put that money into the stock of bio labs. That sounds like a reasonable response. I'd be pissed if the government forced me to hang on to my oil & gas stock.
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deminmaine
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Post by deminmaine on Mar 19, 2020 7:31:45 GMT -5
If the government is going to keep shutting down businesses, I think it should shut down the stock market. It would help people's future retirements so they don't panic sell and it would give us some time to deal with this virus. Sounds good unless you're one of those folks relying on your ever dwindling IRA to pay current expenses. You may be selling stocks for a loss, but if that's your only source of revenue, that's what you do. Plus, there are many of us who aren't relying on our stock, but want to change which stocks we are invested it. Maybe I want to sell my oil & gas stocks and put that money into the stock of bio labs. That sounds like a reasonable response. I'd be pissed if the government forced me to hang on to my oil & gas stock.
Maybe I want to go out to eat or to a church service. I'm wondering if this whole economy should be locked down. Yesterday.
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