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Dow Falls 2997 points worst drop since 1987 crash

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Re: Dow Falls 2997 points worst drop since 1987 crash

#41

Post by pengaru »

zenlot wrote: post #15
skrowl wrote: post #2

This probably isn't the bottom. Wait a little while longer and when things start picking back up, dump in as much as you can afford.

Worst advice ever. Do not try to buy the dip in this market. Most likely it will lead to loosing money.

It can't possible be worse than advice to buy at the start of this covid-19 disaster.

I feel for those stuck holding this particular bag of shit. Fortunately I pulled out after the last TSLA earnings call, and look forward to the future shopping spree once the dust settles.

Re: Dow Falls 2997 points worst drop since 1987 crash

#42

Post by Matheus28 »

foobarian wrote: post #19
zenlot wrote: post #15

Earlier quoted context omitted.

Worst advice ever. Do not try to buy the dip in this market. Most likely it will lead to loosing money.

You only lose money if you sell :-)

Don't forget the opportunity cost of waiting 5 years for your investment to go back to net 0 :)

Re: Dow Falls 2997 points worst drop since 1987 crash

#43

Post by [deleted] »

tathougies wrote: post #27
djannzjkzxn wrote: post #12

Earlier quoted context omitted.

I don’t think it’s possible to tell the difference between volatility and things picking back up. Somebody trying to follow this advice might have bought on Friday when the market went up.

The market is likely to go much higher than friday in the coming decades.

[deleted]

Re: Dow Falls 2997 points worst drop since 1987 crash

#45

Post by anthm1988 »

nostromo wrote: post #31
SirensOfTitan wrote: post #25

I’m buying S&P index every day at this point, trying to drive my average down without trying to find the bottom. ...with that being said, I feel really worried about American economic stability long term now. Governors are closing restaurants and businesses leaving tons of folks out of work while providing minimal safety net coverage. Even liberal states like New York are ignoring the downstream economic effects thes…

This is similar to 9/11 where politicians would act without thinking just to appear like they were doing something. Security theater was the norm for many years.

Bitter about human lives being prioritized over your stocks?

Poor little psychos.

Re: Dow Falls 2997 points worst drop since 1987 crash

#46

Post by legitster »

zizee wrote: post #20

PSA: The Dow Jones industrial average is a terrible measure of the stock market. It tracks just 30 stocks, some which have an outsized influence on the measure. This is not to say the stock market is not in freefall, but there are much better indexes to track general market movement.

The main benefit is that it has been around a long time, so it's somewhat useful for broader historic trends.

Re: Dow Falls 2997 points worst drop since 1987 crash

#47

Post by Hasz »

SirensOfTitan wrote: post #25

I’m buying S&P index every day at this point, trying to drive my average down without trying to find the bottom. ...with that being said, I feel really worried about American economic stability long term now. Governors are closing restaurants and businesses leaving tons of folks out of work while providing minimal safety net coverage. Even liberal states like New York are ignoring the downstream economic effects thes…

Absolutely. I'm 21 -- I have 30 to 40 years to weather this storm. For people of similar age, you could not ask for a shallower entry into the market, albeit a tumultuous one.

Re: Dow Falls 2997 points worst drop since 1987 crash

#48

Post by quadrangle »

nostromo wrote: post #31
SirensOfTitan wrote: post #25

I’m buying S&P index every day at this point, trying to drive my average down without trying to find the bottom. ...with that being said, I feel really worried about American economic stability long term now. Governors are closing restaurants and businesses leaving tons of folks out of work while providing minimal safety net coverage. Even liberal states like New York are ignoring the downstream economic effects thes…

This is similar to 9/11 where politicians would act without thinking just to appear like they were doing something. Security theater was the norm for many years.

I hope you're not saying that measures which actually achieve more social distancing is somehow theater.

Re: Dow Falls 2997 points worst drop since 1987 crash

#49

Post by roywiggins »

nostromo wrote: post #31
SirensOfTitan wrote: post #25

I’m buying S&P index every day at this point, trying to drive my average down without trying to find the bottom. ...with that being said, I feel really worried about American economic stability long term now. Governors are closing restaurants and businesses leaving tons of folks out of work while providing minimal safety net coverage. Even liberal states like New York are ignoring the downstream economic effects thes…

This is similar to 9/11 where politicians would act without thinking just to appear like they were doing something. Security theater was the norm for many years.

They've relaxed the no-liquids rule now!

for hand sanitizer only.

Re: Dow Falls 2997 points worst drop since 1987 crash

#50

Post by marcinjachymiak »

ScoutOrgo wrote: post #32
lettergram wrote: post #26

Just my 2 cents - Take your assets out of the market. Until we (in the US) see a few senators, a justice or two and / or the VP/president/etc succumb to the disease we haven’t hit peak panic. ~50% of the workforce is about to be out of a job for a few weeks. A large portion of Restaurants are about to go bankrupt, daycares are about to go bankrupt. Houses are about to drop in price (no money, and elderly dying). The…

But if you sit on cash, you will miss the day where it has a huge gain due to some news like a vaccine announced.

Most of the people betting on this becoming a recession/depression think that the coronavirus is just the pin to pop the (ETF) bubble. Most of the companies that have announced that they're working on vaccines have pumped already, but feel free to invest.
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