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PostPosted: Mon Mar 09, 2020 12:27 pm 
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Still down 1700.

Hep us Trump!

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PostPosted: Mon Mar 09, 2020 1:07 pm 
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Terry's Peeps wrote:
Still down 1700.

Hep us Trump!

2K


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PostPosted: Mon Mar 09, 2020 1:16 pm 
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Caller Bob wrote:
Terry's Peeps wrote:
Still down 1700.

Hep us Trump!

2K


So much for that foolish campaign plank being used again in the next 30 years.

He really is Nero reincarnate. :shock: At least Hoover wasn't completely corrupt.

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PostPosted: Mon Mar 09, 2020 1:20 pm 
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I didn't see you criticizing Herbert Hoover when he bungled the Stock Market Crash!!

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PostPosted: Mon Mar 09, 2020 1:22 pm 
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Hatchetman wrote:
I didn't see you criticizing Herbert Hoover when he bungled the Stock Market Crash!!

:lol: :lol: :lol:

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PostPosted: Mon Mar 09, 2020 2:35 pm 
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Falling oil should be good for the airlines. Buffet's Delta down 4.5% on the day and up to a 3.6% yield.


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PostPosted: Mon Mar 09, 2020 3:14 pm 
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Closes down over 2000.

Thanks a lot Don.

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PostPosted: Mon Mar 09, 2020 3:35 pm 
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Can denis or somebody who understands this stuff tell me their best guess of what is going to happen? In Feb 2016 it was at about 16000.


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PostPosted: Mon Mar 09, 2020 3:51 pm 
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Spaulding wrote:
Can denis or somebody who understands this stuff tell me their best guess of what is going to happen? In Feb 2016 it was at about 16000.


In 2009 it was at 6k. I think it'll be fine in the next few months but I'm just an optimistic idiot.

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PostPosted: Mon Mar 09, 2020 3:58 pm 
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Spaulding wrote:
Can denis or somebody who understands this stuff tell me their best guess of what is going to happen? In Feb 2016 it was at about 16000.


Even apart from the instability due to speculation, there is the instability due to the characteristic of human nature that a large proportion of our positive activities depend on spontaneous optimism rather than mathematical expectations, whether moral or hedonistic or economic. Most, probably, of our decisions to do something positive, the full consequences of which will be drawn out over many days to come, can only be taken as the result of animal spirits—a spontaneous urge to action rather than inaction, and not as the outcome of a weighted average of quantitative benefits multiplied by quantitative probabilities.

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PostPosted: Mon Mar 09, 2020 4:21 pm 
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Spaulding wrote:
Can denis or somebody who understands this stuff tell me their best guess of what is going to happen? In Feb 2016 it was at about 16000.


Quite simply, fear has set in. The entire market was complacent and overvalued. The fear factor is best measured by the VIX index, which was previously at historic lows and is now elevated.

The virus is going to spike in the U.S. There will be real world economic implications, meaning slowing GDP from reduced travel and supply chain disruptions. I am fairly certain this is all temporary.

If you invest regularly through 529 and 401(k) plans, I recommend you keep those programs on auto pilot. Market pullbacks are a good time to reassess your risk tolerance. If you’re losing sleep over this, then you are not properly positioned.

Personally, I have not jumped in with additional trading positions. It is quite tempting. This is all a lot of noise, but most likely, we’ll return to normalcy in the next six months.

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PostPosted: Mon Mar 09, 2020 4:30 pm 
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Nas wrote:
Spaulding wrote:
Can denis or somebody who understands this stuff tell me their best guess of what is going to happen? In Feb 2016 it was at about 16000.


In 2009 it was at 6k. I think it'll be fine in the next few months but I'm just an optimistic idiot.


I'd like to be optimistic, but much of the world was teetering on recession before this. All the indicators are worse and the central banks are almost powerless now given their tireless pandering to political pressure. I sincerely doubt it takes much of a positive move in the near term, dead cat bounces aside. And this kind of extended volatility of the last three years still shows the irrationality of the markets.

I sincerely hope I'm wrong, but I doubt it.

Plus, I think that trump's "economic" team are little more than goofs like Larry Kudlow, guys who sound appropriately conservative on trump's tv. Or Mnuchin, who is a charlatan looking to feast on the weak. And Jared. Ooof.

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PostPosted: Mon Mar 09, 2020 4:33 pm 
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Nas wrote:
I think it'll be fine in the next few months but I'm just an optimistic idiot.

Image

;)

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PostPosted: Mon Mar 09, 2020 4:36 pm 
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Frank Coztansa wrote:
Nas wrote:
I think it'll be fine in the next few months but I'm just an optimistic idiot.

Image


And for years prior, Rex was his quarterback. :bounce:

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PostPosted: Mon Mar 09, 2020 5:21 pm 
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denisdman wrote:
Spaulding wrote:
Can denis or somebody who understands this stuff tell me their best guess of what is going to happen? In Feb 2016 it was at about 16000.


Quite simply, fear has set in. The entire market was complacent and overvalued. The fear factor is best measured by the VIX index, which was previously at historic lows and is now elevated.

The virus is going to spike in the U.S. There will be real world economic implications, meaning slowing GDP from reduced travel and supply chain disruptions. I am fairly certain this is all temporary.

If you invest regularly through 529 and 401(k) plans, I recommend you keep those programs on auto pilot. Market pullbacks are a good time to reassess your risk tolerance. If you’re losing sleep over this, then you are not properly positioned.

Personally, I have not jumped in with additional trading positions. It is quite tempting. This is all a lot of noise, but most likely, we’ll return to normalcy in the next six months.


+1

We continue to invest in our IRAs and just funded our HSA for 2020. And while some disagree with reinvesting dividends (a good argument is made for funneling them to a money market account to use for rebalancing and paying tax bills) we are still doing so. Picking up shares on sale is the silver lining to all this. But trying to time the bottom is a fools errand.

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PostPosted: Tue Mar 10, 2020 8:23 am 
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Dead cat bounce coming your way.

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PostPosted: Tue Mar 10, 2020 8:40 am 
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I knew my President would fix this.

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PostPosted: Tue Mar 10, 2020 8:45 am 
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a retard wrote:
denisdman wrote:
Spaulding wrote:
Can denis or somebody who understands this stuff tell me their best guess of what is going to happen? In Feb 2016 it was at about 16000.


Quite simply, fear has set in. The entire market was complacent and overvalued. The fear factor is best measured by the VIX index, which was previously at historic lows and is now elevated.

The virus is going to spike in the U.S. There will be real world economic implications, meaning slowing GDP from reduced travel and supply chain disruptions. I am fairly certain this is all temporary.

If you invest regularly through 529 and 401(k) plans, I recommend you keep those programs on auto pilot. Market pullbacks are a good time to reassess your risk tolerance. If you’re losing sleep over this, then you are not properly positioned.

Personally, I have not jumped in with additional trading positions. It is quite tempting. This is all a lot of noise, but most likely, we’ll return to normalcy in the next six months.


+1

We continue to invest in our IRAs and just funded our HSA for 2020. And while some disagree with reinvesting dividends (a good argument is made for funneling them to a money market account to use for rebalancing and paying tax bills) we are still doing so. Picking up shares on sale is the silver lining to all this. But trying to time the bottom is a fools errand.


Spot on. Timing is difficult and stressful. Dollar cost averaging is best long term strategy.

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PostPosted: Tue Mar 10, 2020 9:14 am 
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GoldenJet wrote:
Dead cat bounce coming your way.


Up 600 so far

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PostPosted: Tue Mar 10, 2020 1:03 pm 
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Dead cat bounce - GONE!


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PostPosted: Tue Mar 10, 2020 1:39 pm 
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Up 450.

Slow and steady, Mr. President.

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PostPosted: Tue Mar 10, 2020 1:52 pm 
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Up 666

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PostPosted: Tue Mar 10, 2020 1:54 pm 
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Nas wrote:
Up 666


Pray.

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PostPosted: Tue Mar 10, 2020 1:59 pm 
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Terry's Peeps wrote:
Nas wrote:
Up 666


Pray.

Better to prepare for 2 quarters of negative growth. The key is to stave off the election of a muddle-headed bureaucrat.


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PostPosted: Tue Mar 10, 2020 2:13 pm 
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Flying high with a 737 jump!

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PostPosted: Tue Mar 10, 2020 2:42 pm 
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Shocking. His hairness pitches zero payroll tax in an election year. That debt number is gonna be an issue sooner than later.


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PostPosted: Tue Mar 10, 2020 2:45 pm 
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+903

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PostPosted: Tue Mar 10, 2020 3:08 pm 
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beni hanna wrote:
Shocking. His hairness pitches zero payroll tax in an election year. That debt number is gonna be an issue sooner than later.


Can't criticize Bernie with shit like this

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PostPosted: Tue Mar 10, 2020 3:23 pm 
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if bernie wins michigan tonight it will be down 700 at open


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PostPosted: Tue Mar 10, 2020 3:27 pm 
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why don't we just eliminate taxes altogether?

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