[Bon mots]

So where do you think the bottom is? If this ends up as bad as 2007-2009 we could see the S&P hit 1650 or so - roughly 50% off from its peak.

This crisis is very different than the last in a couple of ways:

• 2007-2009 was a US financial crisis; this is a global macroeconomic crisis spawned by a pandemic health emergency
• The 2007-2009 bear market lasted about 18 months...
• We are about to see unprecedented unemployment numbers - many of those our most vulnerable folks

[Bon mots]

A Bearish 'Death Cross' has appeared in the DOW's chart...

[conservativepoet]

Calm

[Ann Archy]

WAY WORSE THAN 1929! We are now shown to be SNOWFLAKE SCAREDY CATS!! And TOTALLY controlled by a handful of Governors and Mayors!!

[Fresh Wind]

“Here’s how bad it could get”

Clickbait.

[Vision]

Find this hard to believe considering many stocks aren't even bargains yet.

[Ouchthatonehurt]

The US was the best game in town before the pandemic.
It will be even better when this is managed.
Stay calm.

[Bon mots]

Just some info for my fellow FReepers...

If the market continues to slide until the S&P hits 2007-2009 levels on a percentage-wise basis, this is where the SPXS can go...

Since it's at $26.05 today, there is still room to make some gains - unless some miracle happens...

Personally, I fear that there is more bad news ahead as unemployment numbers come out. They will be frightening and unprecedented in our lifetime.

Possibly a last chance to recover some of your 401k... however, don't bet your grocery money on this. It is a triple short ETF - so for every 10% the S&P falls, this thing goes up 30%... as in the table.

[kevao]

It’s not a loss until you sell.

[Democrats hate too much]

People need to put the masks on and go back to work. If you are really old, ok stay at home while we make sure you have equity in your retirement account.

[ealgeone]

I'mh hoping this mess is over in about 8 weeks...would like sooner of course.

When the cases start dropping I predict we're going to see some serious economic growth.

There will be pent up demand to eating out, regular shopping, travel, etc.

By the end of summer the economy should be back to a sense of normalcy.

I hope.

[Professional]

Folks, I’ve been an Adviser for 28 yrs, was a rep for WAMU when it failed. I’ve had a clientele as big as 1200 households.

DO NOT FALL FOR THIS SCAREMONGERING SHIT!!!!!!!!!!!!!!!

[Steamburg]

Consider the source and calm down. A blindfolded monkey throwing darts is more likely to be right.

[Freedom_Is_Not_Free]

I always hate when people post articles I can’t read behind a subscription fire wall and don’t give us any summary of what it says. What is the point?

I couldn’t predict a bottom in 2009. I can’t predict one now. It is 2008 all over again. If you went through that, your lesson should be not to even think about predicting a bottom, how long it will take to get to the next bull, or what the next bull will look like. All you can do is buy the dips and pray.

In 2009, everything about the markets said that after the S&P fell from 1600 to 800, it should have gone up to around 1200 and rolled over. Instead, it shot straight up without any serious pause because the Fed printed around trillions of dollarws to pump up the market. While you were making money in the market, your kids were beings completely and totally screwed at the National Debt rose from $5 trillion then to nearly $25 trillion today. This crisis will accelerate the debt and 15 years from now, cound on at least $40 trillion National Debt. When that unwinds, it will make 1929 look like a milk run.

So, back to the bottom. The Fed Gov is so shameless at picking winners and losers with trillions of tax payer dollars, there is no telling where or when the stock market should bottom. I think it should bottom in the 1600-1800 range, unless government idiocy accidentally unleashes a deflationary depression, then it’s “Katie, bar the door”.

Meanwhile, Goldman Sachs and the other investment banks and the hedge fund managers, could be told tomorrow that the Fed Gov is going to print another $5 trillion post haste, and the bottom will be next week barely down from where we are now.

The little guys like us get creamed every time. So for those who just sold everything at a heavy loss from the top, good luck guessing the bottom. Just be sure that the Fed Gov is going to pring massively once again and prop this market up to the moon much sooner than later.

I am going to average back into the market over the next six months or so. I won’t make a killing, but I won’t completely miss the opportunity either. I learned my lesson from 2008. Nobody can guess a bottom, ever. It is beyond futile. And you can’t use fundamental analysis either, since the Fed Gov has turned the markets into their own fixed casino. All you can do is buy the deep dips and patiently wait to sell after the market ramps up.

Buy low and sell high. Trying to buy lowest and sell highest is beyong futile.

Our government sucks. Goverment of the rich and greedy, by the rich and greedy, and for the rich and greedy.

But I’m not really complaining. We still have it better than every other nation on the fact of the earth. What government on earth is not by and for the elite overlords who control their populaces? Our government tends to throw us a littl bigger bone than most do, so how can I complain.

Jesus has blessed me with his good fortune and I am humbly grateful for all I have from enough money, to a roof over my head, a full stomach, and safety from most harm. I am blessed. I do not take that for granted but am humbly grateful to Christ for that.

Jesus is my Lord and Savior, and I never forget that. Whatever he has planned for me, I welcome it. At the same time, “the Lord helps those who help themselves,” per Dr. Benjamin Franklin.

[grobdriver]

If they aren't going to close the market, they should at minimum suspend shorts.

Financial terrorists have used shorting to make a ton of money to the detriment of the US economy. Some of them don't even seem interested in the money, they just want to crash the market.

Allowing them to continue is just stupid.

[SteveH]

i am seriously considering cashing out entirely, to preserve what investment capital i have left. something is better than nothing.

[Grampa Dave]

93% of those who show up for testing who think they have the virus don’t. Now we can all fall under this hypochondriac syndrome-it just shows the power of advertising or media-repeat something enough and perception becomes reality.

Now there is a home testing kit available for these mentally ill hypochondriacs:

At-home coronavirus tests now available, companies say (Fox News)

As coronavirus testing in the U.S. continues to lag behind that in other highly affected countries such as South Korea, several domestic startups are reportedly launching the first at-home tests.

The products have been greenlit by the U.S. Food and Drug Administration under new expedited guidelines to help combat the virus, according to Stat, a health care industry news outlet.

One such test provider is Nurx, a San Francisco-based company best known for home testing products for sexually transmitted infections and birth control, now offers testing kits for COVID-19 through the mail for $181 after prospective customers fill out an online form with their symptoms.

“We don’t look for the severity of symptoms, only the presence of them. They can range from mild to severe,” Nurx spokeswoman Allison Hoffman told SFGate.com. “But, people with truly severe symptoms should also seek immediate care. … In terms of temperature in particular, we determine a fever is 100.4 [degrees] plus.”

After filling out the online survey, Nurx will determine if testing is necessary based on the person’s symptoms and will mail the test via expedited shipping.

Nurx can give customers lab results within 48 hours of receiving the test, SFGate reported.

“We are pivoting from our prior service lines to make this available,” Chris Hall, senior clinical adviser for Nurx, told Stat. “It’s a heavy lift, but we think it’s important.”

nurx@nurxapp

Today we are introducing the first #COVID19 home testing and online consultation service. We’re eager to safely connect people with certain symptoms and risk factors with testing and medical care.

https://www.nurx.com/coronavirus-testing/?utm_medium=organic-social&utm_source=twitter&utm_campaign=coronavirus&utm_content= …

COVID-19 At Home Test Kit - Nurx ™
Nurx and its longstanding home testing lab partner, Molecular Testing Labs, are launching telehealth consultations and home testing for people who may have been exposed to COVID-19.

nurx.com
By Friday evening, Nurx’s website said it had hit capacity and would reopen Saturday morning.

[CIB-173RDABN]

Get a grip!

The 1929 crash was the result of two things. People who knew nothing about the stock market buying stocks on margins. And people who knew the stock market taking advantage of the first group.

The 1929 stock market was a house of cards waiting for someone to pull the bottom out.

The American people lost faith in the open market and everyone quit buying holding on to the little they had left.

I think President Trump understands this. For the price of a Carrier Task force he is trying to keep the Americans hopeful that we will come out all this ready to work.

Look at the war years (WWII) and what happen when the markets were switched back from war production to consumer production. The 1950s were some of the best years our nation ever had. Oh, we can expect another baby boom out of all this, which is not a bad thing.

[Tanniker Smith]

People are jittery about the virus, and there is an undercurrent of oil overproduction.

This will correct itself.

Bad news for Dems, if it doesn’t correct itself by May or early June, look for it to come roaring back around Convention and Election time.

[redfreedom]

OMG! I’m so scared. The smart thing to do is protect myself by selling everything when it’s at it’s lowest price. The for added safety, wait until the market rebounds to pre Coronavirus levels and buy back. /s/

Seriously, I’m gonna just ride it out. If that $1200 check comes, maybe buy some oil.

[BobL]

At the outset I noted that 10k for the Dow was a modest expectation of the degree of drop. So far, I have yet to see anything saying it won’t be that bad.