341–350 of 499 posts
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The market is likely to go much higher than friday in the coming decades.
I agree completely. My advice to anyone who isn’t employed as a stock trader is to buy when you have investable cash. In particular my comment was disagreeing with the advice to “wait a little while longer.”
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That is opposite of what you should do. You would just be locking in losses (or greatly reduced profits). As long as you are reasonably sure you can hold your stocks for a few years then just hold on to them. Or better yet, go on buying spree and get cheap stocks.
The whole debate is about being too married to stocks and ignoring the wide wide universe of markets and asset classes. To anyone else, recognize that the citizenry is not limited to being passively investing in stocks, yet many of them are when they shouldn't be. People in all the other markets say "buy the dip" arbitrarily too, and many of those markets are often inversely correlated to the stock market. So just re…
To put it into perspective, the last time the market behaved like (multiple drops of this magnitude) this was 90 years ago, in 1929, and it was at the start of the Great Depression. Today was the second largest percentage drop for US Markets in history. Now is not a good time to sell your stock holdings (at least not anymore). This smells of a panic right now. I think a severe recession is all but guaranteed at this…
Recession yes, severe, maybe not. (thought I admit the possibility) I think if the current distancing measures curtail the spread, then by July (maybe sooner) things could begin to inch back upwards. Then it's a matter of how much the next flu season impacts things, but by that time we should also be within 6-8 months or so of a vaccine. Recession for the next 1.5 years is definitely in the cards, but this is a unique circumstance with a unique, specific cause. If that cause is removed, a return to normalcy shouldn't be so far behind that a recession is "severe".
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Exactly. The people that got in in 2008 made out like bandits. The people that wait until 2010 or later missed out on a lot of the gains.
The people that bought right before the crash also made out like bandits. It’s impossible to time the market, just buy if you have money.
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I am only talking about one thing - the market going up or down. That’s the entire reality. Expectations contribute to that, making them part of reality.
Forecasting that the market will drop 60% has a way of making that an expectation if enough people believe it, and then it happens, and the prediction comes true.
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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.
29 here Entered the workforce right after 2007, in my 16, after moving to Singapore from small town Russia as an exchange student. Financial fortunes of my patents went nowhere, and I had to keep myself afloat for pretty much 2.5 years. Made not so bad money selling low end electronics to the third world on Alibaba, and such. Then, my parents made me dump all my money on the best things since sliced bread: "Business…
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The people that bought right before the crash also made out like bandits. It’s impossible to time the market, just buy if you have money.
[deleted, got numbers wrong]
If you look at June 2007 to Feb 2020 (missing the current dip), the return is 8.75%.
To put it into perspective, the last time the market behaved like (multiple drops of this magnitude) this was 90 years ago, in 1929, and it was at the start of the Great Depression. Today was the second largest percentage drop for US Markets in history. Now is not a good time to sell your stock holdings (at least not anymore). This smells of a panic right now. I think a severe recession is all but guaranteed at this…
we can already observe this on the health side, there was quite a good amount of monitoring and collaboration (too late and too little) but nothing compared to 100 years ago pandemic for instance
we have a bit more tools to work with and a bit more knowledge. hopefully (hopefully) we can flatten the dip too :)