Posted on 03/07/2020 6:09:00 PM PST by mdittmar
The outbreak of COVID-19 has bludgeoned risk assets and sent those perceived as havens — gold and government bonds, for example — to new heights. And the landscape that has emerged since the emergence of the coronavirus-borne disease late last year in Wuhan, China, is increasingly uncertain.
That dynamic has left many investors, traders, analysts and strategists to question whether the timing is right to buy into a market that has been prone to stunning day-to-day and even intraday swings over the past month.
(Excerpt) Read more at marketwatch.com ...
buy on dips ... from what I hear
If your outlook is 12 month or longer, buy buy buy
If you are day trading/short term, I am not sure this is the ‘bottom’ yet
Just my opinion, others may not agree
A little too early...
If they are talking about buying,it may be a little to late;)
By end of March or so we’ll know if a major economic catastrophe is at hand. If not, the market turns up for American companies.
Never easy to catch a falling knife.
I will wait a bit longer until my signals show less risk.
I agree.
Too early, it will die out when it starts warming up in late spring.
I here Bloomberg is short.
Timing the market is nearly impossible. It would be a bad idea to guess and jump in big. Fortunately many brokerages now have commission free trades so you don’t have to do that. You can make lots of small buys to average in. That’s what I’ve been doing for 2 weeks. Look for good deals or stick with an index fund like DIA or SPY to track the market.
I am waiting for the guy who blows a horn when the market reaches a bottom. He should be around fairly soon....
The “Market” is in no way cleared to an understanding of the global effects of the Coronavirus on the global economy.
Stay tuned...
LOL!
Buy and Hold (and rebalance) a diverse portfolio of index funds.
“If your outlook is 12 month or longer, buy buy buy
If you are day trading/short term, I am not sure this is the ‘bottom’ yet
Just my opinion, others may not agree”
I agree. If I had loose change I would be buying. Even if it goes down more it will be back and a helluva a lot more by summer.
Oil will be a good thing to invest in, although investors will have to be careful as to which specific market segment a particular company is in. There are good things like MLPs that may be a good deal now to buy and hold. Drillers are getting very hard hit, and individual companies will be the last to recover and may not survive.
I’ve been playing the stock market since I was in college 30 years ago, and I know as well as anyone that it’s impossible to time it with precision. When it’s been going up like crazy and you think it’s become unmoored from reality, it can (and does) often go higher. When you think it has sold off irrationally and can’t go much lower, it can (and does) tank another 10, 15, 20% or more.
With all that said, I’ll tell you how I’m playing it at the moment. I strongly suspect that it’s going go lower within the next month or so... probably quite a bit lower. The economic impact of so many events being cancelled, so many people skipping trips, staying home, eating in instead of eating out, probably forgoing big ticket purchases like cars, etc. will have a very real impact on the economy. A coronvirus recession seems likely. I don’t think that “the Street” has fully baked that into equity prices yet. It’s always hard to feel the bottom, but what I try to do is look at really stalwart companies like Coca-Cola that will be fine in good and bad times... when companies like that sell off really badly, and their dividend yields (which are safe as safe gets) start to approach crazy high levels, then BUY, BUY, BUY. The last time that I really felt like that was in spring of ‘09 after Obama came in and everything sold off for 2 months.
I see what you did there.
Whatever I do, do the opposite. You can’t go wrong.
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