S&P 500 Plunges 7%, Triggering Market-Wide Stock Trading Halt

#1

Post by zzeder » Mon, Mar 09, 2020, 5:12 PM UTC

S&P 500 Plunges 7%, Triggering Market-Wide Stock Trading Halt
bloomberg.com

Re: S&P 500 Plunges 7%, Triggering Market-Wide Stock Trading Halt

#2

Post by m0zg » Mon, Mar 09, 2020, 5:19 PM UTC

I've been dollar cost average buying for a few days now. Not too much, a few tens of thousands of dollars a day. Please carry on with the panic, everyone.

Re: S&P 500 Plunges 7%, Triggering Market-Wide Stock Trading Halt

#3

Post by FreedomToCreate » Mon, Mar 09, 2020, 5:22 PM UTC

m0zg wrote: post #2

I've been dollar cost average buying for a few days now. Not too much, a few tens of thousands of dollars a day. Please carry on with the panic, everyone.

For context, you are being downvoted for being smug and not adding anything to this conversation.

Re: S&P 500 Plunges 7%, Triggering Market-Wide Stock Trading Halt

#4

Post by qqssccfftt » Mon, Mar 09, 2020, 5:24 PM UTC

FreedomToCreate wrote: post #3

m0zg wrote: post #2

I've been dollar cost average buying for a few days now. Not too much, a few tens of thousands of dollars a day. Please carry on with the panic, everyone.

For context, you are being downvoted for being smug and not adding anything to this conversation.

That's literally all of this website

Re: S&P 500 Plunges 7%, Triggering Market-Wide Stock Trading Halt

#5

Post by ForHackernews » Mon, Mar 09, 2020, 5:25 PM UTC

m0zg wrote: post #2

I've been dollar cost average buying for a few days now. Not too much, a few tens of thousands of dollars a day. Please carry on with the panic, everyone.

Congratulations on being rich and somehow dumb enough to think you can time the market while also believing that dollar cost averaging is a good strategy. If you are so sure you know where the bottoms are, just buy them. Don't waste your time with DCA.

Re: S&P 500 Plunges 7%, Triggering Market-Wide Stock Trading Halt

#6

Post by SilasX » Mon, Mar 09, 2020, 5:26 PM UTC

We just had this thread about the plunge/halt. Merge?

https://news.ycombinator.com/item?id=22525238

Re: S&P 500 Plunges 7%, Triggering Market-Wide Stock Trading Halt

#7

Post by ForHackernews » Mon, Mar 09, 2020, 5:26 PM UTC

qqssccfftt wrote: post #4

FreedomToCreate wrote: post #3

Earlier quoted context omitted.

For context, you are being downvoted for being smug and not adding anything to this conversation.

That's literally all of this website

For context, you are being downvoted for saying the quiet part loudly.

Re: S&P 500 Plunges 7%, Triggering Market-Wide Stock Trading Halt

#8

Post by awinder » Mon, Mar 09, 2020, 5:33 PM UTC

m0zg wrote: post #2

I've been dollar cost average buying for a few days now. Not too much, a few tens of thousands of dollars a day. Please carry on with the panic, everyone.

I think you need way more than a few days to be talking about dollar cost averaging lol

Re: S&P 500 Plunges 7%, Triggering Market-Wide Stock Trading Halt

#9

Post by dylan604 » Mon, Mar 09, 2020, 5:34 PM UTC

ForHackernews wrote: post #5

m0zg wrote: post #2

I've been dollar cost average buying for a few days now. Not too much, a few tens of thousands of dollars a day. Please carry on with the panic, everyone.

Congratulations on being rich and somehow dumb enough to think you can time the market while also believing that dollar cost averaging is a good strategy. If you are so sure you know where the bottoms are, just buy them. Don't waste your time with DCA.

I don't know why you call it dumb. This is what happens in every down turn. The people with money take advantage and increase their possessions while the people without money lose theirs. The rich get richer. The more severe the down turn, the more drastic the swing.

Re: S&P 500 Plunges 7%, Triggering Market-Wide Stock Trading Halt

#10

Post by dang_ur_dumb » Mon, Mar 09, 2020, 5:35 PM UTC

qqssccfftt wrote: post #4

FreedomToCreate wrote: post #3

Earlier quoted context omitted.

For context, you are being downvoted for being smug and not adding anything to this conversation.

That's literally all of this website

The most truthful comment of all time.