justme
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Post by justme on Feb 27, 2020 21:44:20 GMT -5
NCL. Down to 34 a share when I looked earlier today. NCL? The cruise line which was caught dumping oil-contaminated bilge waste into the Atlantic Ocean? If so that's either really old or brand new. Only ones I've heard about lately it's carnival's repeated violations.
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thyme4change
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Post by thyme4change on Feb 27, 2020 21:52:52 GMT -5
Don't you mean they don't last as long? Getting sick is inevitable in life. But they wont keep 100 sick people on an airplane. Apparently they will keep thousands of people on a boat for a long, long time. That's not really a fair comparison. If there are 100 passengers on a plane that are exposed to an infectious disease, they WILL quarantine the plane. In the cruise ship's defense, as it's essentially a floating hotel, the people have what they'd normally get in quarantine. The only problem with getting the people off the plane is that they'd have to expose a hell of a lot more people to the disease in order to get them to someplace more comfortable where they can be quarantined for weeks. The quarters may not be as nice as a cruise ship. Yes. But I would be on land.
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Deleted
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Post by Deleted on Feb 28, 2020 8:16:48 GMT -5
So my selfish question is: Where is this market going to bottom out so I know when to buy? Watch for easing travel restrictions and re-openings. Such as Starbucks yesterday. They've re-opened 85% of their stores in China Money that is idled from across the board selling tends to head for those stocks where operations are heading back to normal. I wouldn't buy until it hit 60 Apply due diligence for what is happening.
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oped
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Post by oped on Feb 28, 2020 8:50:58 GMT -5
I think a huge issue is lack of trust in this administration to adequately handle the potential of this disease. It might be a bit before that question is resolved.
Yes, China contained the illness. Hell they built a fucking hospital in 10 days.
We have an anti science administration known for lying who is tightly controlling any messaging, what does leak out is facts like California monitoring 8400 cases with 200 test kits, and whistleblower reports of med professionals and helpers being sent in unprepared.
I just have no faith at all this will be contained here.
I think its possible we will start getting some bounce and crash movement, not all just straight down (but really who can predict??) But stability? I think that's going to be a while.
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Gardening Grandma
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Post by Gardening Grandma on Feb 28, 2020 9:22:27 GMT -5
I think a huge issue is lack of trust in this administration to adequately handle the potential of this disease. It might be a bit before that question is resolved. Yes, China contained the illness. Hell they build a fucking hospital in 10 days. We have an anti science administration known for lying who is tightly controlling any messaging, what does leak out is facts like California monitoring 8400 cases with 200 test kits, and whistleblower reports of med professionals and helpers being sent in unprepared. I just have no faith at all this will be contained here. I think its possible we will start getting some bounce and crash movement, not all just straight down (but really who can predict??) But stability? I think that's going to be a while. I was thinking about this last night as I watched the man make the moronic statement "It could disappear" It also turns out that the trump State Dept overruled the CDC in bringing the 14 COVID19 patients into the US from the cruise ship. The CDC strongly opposed the move, but the State Dept did it anyway. Now we find out, due to a whistle blower's complaint, that workers were sent to the air base in California to meet the patients - without training or protective gear. They met the sick patients as they got off the plane, processed them, moved around them for 5 days before receiving training on protecting themselves. Then they went out into the local community, stayed at local hotels and flew home on commercial flights - without being told to take their temperatures. It may be coincidence that the woman who tested positive lived in Vacaville, about 8 miles from the base. But it seems clear that the CDC won't be calling the shots. Does not instill confidence
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Gardening Grandma
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Post by Gardening Grandma on Feb 28, 2020 9:57:56 GMT -5
May be behind a paywall: Some snips U.S. Health Workers Responding to Coronavirus Lacked Training and Protective Gear, Whistle-Blower Says Team members were not properly trained, lacked necessary gear and moved freely around and off military bases where Americans were quarantined, a complaint says. Staff members from the Department of Health and Human Services’ Administration for Children and Families were sent to Travis Air Force Base and March Air Reserve Base in late January and early February and were ordered to enter quarantined areas, including a hangar where coronavirus evacuees were being received, the complaint said. They were not provided safety-protocol training until five days into their assignment, said the whistle-blower, who is described as a senior leader at the health agency. Without proper training or equipment, some of the exposed staff members moved freely around and off the bases, with at least one person staying in a nearby hotel and leaving California on a commercial flight. Many were unaware of the need to test their temperatures three times a day. www.nytimes.com/2020/02/27/us/politics/coronavirus-us-whistleblower.html?te=1&nl=morning-briefing&emc=edit_NN_p_20200228§ion=topNews&campaign_id=9&instance_id=16347&segment_id=21707&user_id=538bcfce41e617e09c98dd53f18793e9®i_id=76558313tion=topNews
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Deleted
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Post by Deleted on Feb 28, 2020 9:59:20 GMT -5
-930 and we aren't even a hour post-open for the market...
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Wisconsin Beth
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Post by Wisconsin Beth on Feb 28, 2020 10:00:51 GMT -5
That's not really a fair comparison. If there are 100 passengers on a plane that are exposed to an infectious disease, they WILL quarantine the plane. In the cruise ship's defense, as it's essentially a floating hotel, the people have what they'd normally get in quarantine. The only problem with getting the people off the plane is that they'd have to expose a hell of a lot more people to the disease in order to get them to someplace more comfortable where they can be quarantined for weeks. The quarters may not be as nice as a cruise ship. Yes. But I would be on land. I get seasick so being quarantined on a boat probably should be in nightmare scenarios for me, if I'd thought about it before this... And yeah, I know, the big cruise ships are supposed to have little to no motion.
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Wisconsin Beth
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Post by Wisconsin Beth on Feb 28, 2020 10:03:23 GMT -5
-930 and we aren't even a hour post-open for the market... I'm on a set and forget plan. I do need to rebalance my 457 but hell, I don't much want to do it this week. Or next.
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Bob Ross
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Post by Bob Ross on Feb 28, 2020 10:05:03 GMT -5
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Gardening Grandma
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Post by Gardening Grandma on Feb 28, 2020 10:05:10 GMT -5
Yes. But I would be on land. I get seasick so being quarantined on a boat probably should be in nightmare scenarios for me, if I'd thought about it before this... And yeah, I know, the big cruise ships are supposed to have little to no motion. I get seasick too, but big cruise ships in a harbor don't move. You'd be fine (as far as seasickness goes) Market is now down over 1000
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Gardening Grandma
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Post by Gardening Grandma on Feb 28, 2020 10:06:35 GMT -5
I'm thinking of doing a Roth conversion, but probably will wait. The drop so far, appears to be bottomless.
Maybe I'll open a Roth for DGS #2 and put some into DGS #1's account.
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Deleted
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Post by Deleted on Feb 28, 2020 10:20:48 GMT -5
I've been out of the market with the investments i control since September, first time I have ever really market timed. I had originally planned to get back in when it was 20% lower and now it's about 3% lower than when I sold.
IMO the market was incredibly overvalued and Corona is starting the decline, the roughly 10% gain from Sep to before Corona was irrational exuberance
I may also be completely wrong. 20% of my investments are in a defined contribution pension where I can't control what it is invested in so I am hedged a bit that way.
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Wisconsin Beth
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Post by Wisconsin Beth on Feb 28, 2020 10:56:23 GMT -5
Dh is thinking about dumping some into his IRA. I suggested we take some of the kids' savings and invest it for them. He's going to talk to his money guy.
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deminmaine
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Post by deminmaine on Feb 28, 2020 10:59:56 GMT -5
I hate downturns like this. Mainly because I don't have a clue where the bottom will be, though I try hard and sometimes think I do.
It is clear the market was over valued, and this is a rational reason for a correction, but then all rationality goes out the window. Or not, at 26K the Dow is still prob over valued.
Lotta people's pensions hurting right now.
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Wisconsin Beth
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Post by Wisconsin Beth on Feb 28, 2020 11:02:55 GMT -5
I hate downturns like this. Mainly because I don't have a clue where the bottom will be, though I try hard and sometimes think I do. It is clear the market was over valued, and this is a rational reason for a correction, but then all rationality goes out the window. Or not, at 26K the Dow is still prob over valued. Lotta people's pensions hurting right now. Yeah, my local gov't already had us on an austerity budget for 2020 and 2021, blaming it on pension contributions. I wonder if we're going back to furloughs soon.
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deminmaine
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Post by deminmaine on Feb 28, 2020 11:31:51 GMT -5
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djAdvocate
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Post by djAdvocate on Feb 28, 2020 12:00:05 GMT -5
ok, just did a quick "technical analysis". there is really no major support for the Dow until 21700. now, that doesn't mean that it might not turn around TOMORROW. it could! buy buy buy! but IF it did, it would take something positive to make that happen. something more than wind from the forequarters of Trump. the first thing I learned, 42 years ago, about investing is this: NEVER FIGHT A TREND. not going to do so now. watching how this plays out.
well, we went from a record high to a 12 month low in 16 days. that has to be some kind of record. the Dow was below 25000 this morning.
MAGA!
if this is what it takes for the Trumpettes to lose confidence in this president, sobeit. he has been in over his head since Day 1.
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Deleted
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Post by Deleted on Feb 28, 2020 12:05:51 GMT -5
I hate downturns like this. Mainly because I don't have a clue where the bottom will be, though I try hard and sometimes think I do. It is clear the market was over valued, and this is a rational reason for a correction, but then all rationality goes out the window. Or not, at 26K the Dow is still prob over valued. Lotta people's pensions hurting right now. I would use the five year history for any stock, as a baseline buy price if I was re-entering. The market definitely swung to overvalued, approximately 2018.
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Bob Ross
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Post by Bob Ross on Feb 28, 2020 12:08:34 GMT -5
ok, just did a quick "technical analysis". there is really no major support for the Dow until 21700. now, that doesn't mean that it might not turn around TOMORROW. it could! buy buy buy! but IF it did, it would take something positive to make that happen. something more than wind from the forequarters of Trump. the first thing I learned, 42 years ago, about investing is this: NEVER FIGHT A TREND. not going to do so now. watching how this plays out.
well, we went from a record high to a 12 month low in 16 days. that has to be some kind of record. the Dow was below 25000 this morning.
MAGA!
if this is what it takes for the Trumpettes to lose confidence in this president, sobeit. he has been in over his head since Day 1.
Trump could fiddle while the country burned and Trumpettes would applaud while roasting.
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djAdvocate
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Post by djAdvocate on Feb 28, 2020 12:11:25 GMT -5
well, we went from a record high to a 12 month low in 16 days. that has to be some kind of record. the Dow was below 25000 this morning.
MAGA!
if this is what it takes for the Trumpettes to lose confidence in this president, sobeit. he has been in over his head since Day 1.
Trump could fiddle while the country burned and Trumpettes would applaud while roasting. not with the group that mattered the most.
I am still, to this day, convinced that the reason Obama won was because of the 2008 collapse.
when the people that REALLY run things get scared- shit changes.
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djAdvocate
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Post by djAdvocate on Feb 28, 2020 12:26:36 GMT -5
for those of you wondering where the Bear Market begins, it starts around 23500. we were about 1000 points away from that, this morning.
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Gardening Grandma
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Post by Gardening Grandma on Feb 28, 2020 12:41:45 GMT -5
ok, just did a quick "technical analysis". there is really no major support for the Dow until 21700. now, that doesn't mean that it might not turn around TOMORROW. it could! buy buy buy! but IF it did, it would take something positive to make that happen. something more than wind from the forequarters of Trump. the first thing I learned, 42 years ago, about investing is this: NEVER FIGHT A TREND. not going to do so now. watching how this plays out.
well, we went from a record high to a 12 month low in 16 days. that has to be some kind of record. the Dow was below 25000 this morning.
MAGA!
if this is what it takes for the Trumpettes to lose confidence in this president, sobeit. he has been in over his head since Day 1.
That would be the silver lining.
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Tiny
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Post by Tiny on Feb 28, 2020 13:06:22 GMT -5
Is that a clip from Doctor Strangelove? Slim Pickens? It's be a long time since I've seen that movie...
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Deleted
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Post by Deleted on Feb 28, 2020 13:07:35 GMT -5
for those of you wondering where the Bear Market begins, it starts around 23500. we were about 1000 points away from that, this morning. As you posted a little while back, we're due.
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djAdvocate
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Post by djAdvocate on Feb 28, 2020 13:12:19 GMT -5
for those of you wondering where the Bear Market begins, it starts around 23500. we were about 1000 points away from that, this morning. As you posted a little while back, we're due. fully agree. I have been over 50% cash for a LONG time, now.
recent market multiples were at a decade high.
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spartyparty
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Post by spartyparty on Feb 28, 2020 13:30:05 GMT -5
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thyme4change
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Post by thyme4change on Feb 28, 2020 18:40:04 GMT -5
I'm below where I was in December.
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djAdvocate
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Post by djAdvocate on Feb 28, 2020 18:45:49 GMT -5
I'm below where I was in December. you're doing well if you only have to unwind the clock that far.
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happyhoix
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Post by happyhoix on Feb 28, 2020 19:05:27 GMT -5
ok, just did a quick "technical analysis". there is really no major support for the Dow until 21700. now, that doesn't mean that it might not turn around TOMORROW. it could! buy buy buy! but IF it did, it would take something positive to make that happen. something more than wind from the forequarters of Trump. the first thing I learned, 42 years ago, about investing is this: NEVER FIGHT A TREND. not going to do so now. watching how this plays out.
well, we went from a record high to a 12 month low in 16 days. that has to be some kind of record. the Dow was below 25000 this morning.
MAGA!
if this is what it takes for the Trumpettes to lose confidence in this president, sobeit. he has been in over his head since Day 1.
Nope, Trumpettes just came up with a conspiracy theory to explain how it isn't Trump's fault - China created the virus expressly to fuck with Trump's election chances. Or, if you're a Rush ditto head, the virus is just the common cold that the anti-Trump forces are pretending to be horrible in order to fuck with his election chances. See? One never has to stop believing in the awesomeness of the great and powerful Trump.
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