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Joined: Sep 2003
Posts: 23,521 Likes: 15
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,521 Likes: 15 |
I think generally in a correction, you see heavy selling, a dead cat bounce, more selling, panic and capitulation with a really big down day. I don't think we have even hit the dead cat bounce yet. But I'm not trader, and generally have done better in real estate than stocks. Right now I'm in a cash position, not sure what I will do next besides watch. Enjoy the show. My plan is this: watch, horde cash, and buy the best 5 stocks with a dividend when things are at a price I like. I am staying out of energy stocks as tempting as they might get.
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Joined: Dec 2010
Posts: 2,209 Likes: 1
Campfire Regular
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Campfire Regular
Joined: Dec 2010
Posts: 2,209 Likes: 1 |
The VIX (volatility index) just shot up to its second highest reading in 20 years. Usually, that's a sign the selling is close to over - at least for awhile.
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Joined: Dec 2008
Posts: 8,328 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,328 Likes: 1 |
I think generally in a correction, you see heavy selling, a dead cat bounce, more selling, panic and capitulation with a really big down day. I don't think we have even hit the dead cat bounce yet. But I'm not trader, and generally have done better in real estate than stocks. Right now I'm in a cash position, not sure what I will do next besides watch. Enjoy the show. My plan is this: watch, horde cash, and buy the best 5 stocks with a dividend when things are at a price I like. I am staying out of energy stocks as tempting as they might get. Energy stock have issues, my guess is the high dividend's will be cut soon, After that happens they might get interesting for the long haul.
"Life is tough, even tougher if your stupid" John Wayne
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Joined: May 2003
Posts: 31,289 Likes: 10
Campfire 'Bwana
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Campfire 'Bwana
Joined: May 2003
Posts: 31,289 Likes: 10 |
My wife's money is in the hands of a professional trader, so it's out of my hands both ways. At worst, our capital gains tax next year will be really tiny!
Cleverly disguised as a responsible adult.
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Joined: Aug 2009
Posts: 1,994
Campfire Regular
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Campfire Regular
Joined: Aug 2009
Posts: 1,994 |
We've been thru worse. 2000, 2007-2008, 2015, 2018, ect. Its always scary and its always come back. Still not fun! There were lots before the dates that I listed and I was in some of them but didn't follow it as closely as I do now.
lightman
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Joined: Nov 2013
Posts: 28,925 Likes: 20
Campfire Ranger
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Campfire Ranger
Joined: Nov 2013
Posts: 28,925 Likes: 20 |
This comes at a bad time for me, or rather my father, because I'm in the process of selling his stock to keep him in the LTC facility. Gonna cost him a few thousand most likely, depending on when the sales go through. On the other hand, it's really Monopoly money if he ends up broke and on Medicaid. All gone is all gone, no matter what you start with. His stocks are less affected than most, but a falling tide takes everything down.
What fresh Hell is this?
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Joined: Sep 2011
Posts: 61,175 Likes: 25
Campfire Kahuna
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OP
Campfire Kahuna
Joined: Sep 2011
Posts: 61,175 Likes: 25 |
October 87 was a dozy, I don't think this much down.
These premises insured by a Sheltie in Training ,--- and Cooey.o "May the Good Lord take a likin' to you"
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Joined: May 2003
Posts: 31,289 Likes: 10
Campfire 'Bwana
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Campfire 'Bwana
Joined: May 2003
Posts: 31,289 Likes: 10 |
We've had investments since the DOW was at 800. Saw at least three major downturns in the decades since, and never bailed. It has come back - WAY back - every time. We've long ago taken out more than we ever put in to fund things like college and weddings and we're still solid for the rest of our lives. Unless everything collapses, we're fine. And if it does, we're no worse off than anyone else.
Cleverly disguised as a responsible adult.
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Joined: Sep 2011
Posts: 61,175 Likes: 25
Campfire Kahuna
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OP
Campfire Kahuna
Joined: Sep 2011
Posts: 61,175 Likes: 25 |
This is worse than 87, or 9-11. be brave folks.
These premises insured by a Sheltie in Training ,--- and Cooey.o "May the Good Lord take a likin' to you"
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Joined: Aug 2005
Posts: 4,686
Campfire Tracker
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Campfire Tracker
Joined: Aug 2005
Posts: 4,686 |
The NYSE needs a ten run rule like Little league baseball. It does.
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Joined: Sep 2003
Posts: 23,521 Likes: 15
Campfire Ranger
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Campfire Ranger
Joined: Sep 2003
Posts: 23,521 Likes: 15 |
The big thing to realize is that’s this is an election year. So, let her fall, but, and a good chance exists a stimulus package+rate cuts will give a nice bounce.
Good way to make some money.
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Joined: Jan 2012
Posts: 26,598 Likes: 4
Campfire Ranger
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Campfire Ranger
Joined: Jan 2012
Posts: 26,598 Likes: 4 |
Just made my first downturn purchase. A regional bank that I already owned. CEO made a hefty purchase yesterday so I scooped a little more up while it's off.
FJB & FJT
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Joined: Aug 2014
Posts: 5,050 Likes: 7
Campfire Tracker
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Campfire Tracker
Joined: Aug 2014
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Joined: Jan 2005
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Campfire Ranger
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Campfire Ranger
Joined: Jan 2005
Posts: 22,884 |
Why is market volatility even a thing for anyone? If downs and ups scare you, then you shouldn't be in stocks. Invest in good companies and hold for the long-term. Profit is guaranteed. We're still probably twice as far ahead as we would be if Hillary had gotten elected. Why worry?
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Joined: Jul 2009
Posts: 14,076
Campfire Outfitter
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Campfire Outfitter
Joined: Jul 2009
Posts: 14,076 |
Why is market volatility even a thing for anyone? If downs and ups scare you, then you shouldn't be in stocks. Invest in good companies and hold for the long-term. Profit is guaranteed. We're still probably twice as far ahead as we would be if Hillary had gotten elected. Why worry?
Why do you have to be scared to pull your money out downturns are opportunities too. You can increase buying power significantly in times like these. Money sitting on the sidelines during times like these is just as if not more valuable than money in the market during good times. Buy low sell high is the game. Letting it ride is a good way to get a 7-10% annual return over long term. However that comes with a ceiling.
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Joined: Mar 2010
Posts: 3,778
Campfire Tracker
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Campfire Tracker
Joined: Mar 2010
Posts: 3,778 |
Pretty funny that Trump initially blamed the selloff on the Democratic debate. Now Donnie Jr is saying on Fox that the Dems are hoping that the virus comes here and kills millions of people so we can get rid of Trump. Sorry, that's just weird. Now that Pence is "in charge" I feel a whole lot better.
I don't know where the bottom is. The virus seems to be on the upswing, so I expect the markets will continue to fall in the near term. We're down about 11% so far on our investments, but luckily have enough in checking to live comfortably for several years. Being debt free is nice.
The true hunter counts his achievement in proportion to the effort involved and the fairness of the sport. Saxton Pope
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Joined: Dec 2007
Posts: 11,219 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2007
Posts: 11,219 Likes: 1 |
This is worse than 87, or 9-11. be brave folks. Its worse as far as what? The Dow is at 25,400. it was at 19,100 when Trump won the election. A 10,000 point jump in 3-1/2 years is begging for a correction.
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Joined: Feb 2007
Posts: 11,803 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Feb 2007
Posts: 11,803 Likes: 1 |
Why is market volatility even a thing for anyone? If downs and ups scare you, then you shouldn't be in stocks. Invest in good companies and hold for the long-term. Profit is guaranteed. We're still probably twice as far ahead as we would be if Hillary had gotten elected. Why worry?
I agree with you, with the caveat, you need diversity in your holdings, and buy reputable companies.
Last edited by dale06; 02/29/20.
NRA Patron
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Joined: Sep 2011
Posts: 61,175 Likes: 25
Campfire Kahuna
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OP
Campfire Kahuna
Joined: Sep 2011
Posts: 61,175 Likes: 25 |
Monday morning should be tell us a lot.
These premises insured by a Sheltie in Training ,--- and Cooey.o "May the Good Lord take a likin' to you"
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Joined: Dec 2008
Posts: 8,328 Likes: 1
Campfire Outfitter
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Campfire Outfitter
Joined: Dec 2008
Posts: 8,328 Likes: 1 |
Monday morning should be tell us a lot. Looks like a possible sizable outbreak in Washington , so I expect a a$$ wippin is coming next week.
"Life is tough, even tougher if your stupid" John Wayne
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