Posted on 03/11/2020 1:04:02 PM PDT by Syncro
Stock market people please weigh in
All I know is that it goes from a bull to a bear market when all three of these are down 20% from the most recent high.
The hostess and the oth3r biz guy shot down Honing’s dire dark projections.
I still think 2008 was a manufactured crisis - some big shorting on credit default swaps all of a sudden and then boom
I think one of the concrete options that Trump and his administration can do is to try to get these industries that operate in China, etc back over here. I am not an economist or a business person so I don’t know how they would go about that. I do know that having almost all of our drugs manufactured in China is part of this downturn.
So is this.
this too - possibly the Chinese released it to hopefully get rid of President Trump, so they can go back to draining America
Stranger things have happened.
I can’t think of any decent financial adviser who would have already retired folks heavily into equities, that would border on the criminally negligent. Equities are GREAT if you have a timeframe of 5-10 years before you need any of the money, otherwise a balance that includes less risk-sensitive investments is just ‘look both ways before crossing the street’ common sense.
The last few weekends have been saturated with bad coronavirus news, leading to a bad Monday. We are already getting news of events canceling, and that will probably happen through the weekend. For me, at work any conversation that is not about work is about the coronavirus. It is on everyone's mind. I just think this will be the weekend when the buy the dip people will decide to stand on the sidelines.
They are large enough to withstand the events taking place and will thus be positioned in a very positive way as both the price of oil and the demand for oil reasserts itself, which they will. My guess is the oil price will slowly rebound as demand increases. China is not going to be at a stand still much longer and the rest of the world isn't going to be this inactive either. In both cases, the upside is real, exist, and quite extensive for those who invest while the investing is being cheapened by current events. In this scenario, find a safe haven such as large oil companies such as Exxon or Chevron and enjoy the 5-6 percent dividends currently being generated on a quarterly basis. To me, it's a can't miss opportunity as things stand today.
(Channeling Charlton Heston there.)
Very dangerous.
All USA businesses in China need to be bought back here.
Starting with pharma related.
I have been surprised at the number of financial advisors and so-called experts stating that retirees need much more of an equities presence in their portfolios than they did in decades past. The chase for returns is thrilling until there comes a time when the bottom falls out and you need to cash in some of those investments to live on. Sadly, I think those with less money invested may have been the more likely candidates to take the risk in order to increase their retirement funds.
Panic selling
Even gold is down.
IIRC it stayed good through most of this, and it was lonely.
Demonrats are saying “we got him now”.
Oh yeah the leftists are cheering it on.
Schumer/Pelosi are demonic.
See my 76, posted before I saw your 75.
“According to the Dow Theory, as I understand it, the markets plunged right through capitulation and sunk down to bear territory.”
A market correction often leads investors to capitulate or panic sell. The term is a derived from a military term which refers to surrender.
Capitulation really has nothing to do with a bear market. Capitulation can happen during any rapid sell off and doesn’t always lead to a bear market.
Good point.
China is unable to with their current culture and society to provide products without fear of epidemic. It's a good reason to get business back to the US.
“people don’t go out hardly at all, especially in Washington state in the winter.”
??? It’s 67°F here today (SE WA State)
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