Posted on 03/26/2020 2:18:45 PM PDT by abb
“I love Freeper threads about the markets, there is such a repeatable pattern now, I can actually use it as a bell weather. I especially love the stories about “I sold out of the market at the top (pats self on back)...” Later after recovery, you never hear of anyone even claiming that they timed it right on the way out, then back in.”
ROTFLOL!
there is indeed a remarkable number of ignorant fools here posting their amazingly wrong prognostications ...
that you sir, for that PSA!
I’ve essentially based my recent investment strategy on President Trump ...
I’m not particularly ambitious. All of us have a maximum lifestyle point, at which we don’t wanna work any harder...
Hawaii 3x a year isn’t bad...
“Crap you are brave. I was looking at Imperial but couldn’t pull the trigger. The safe play is to wait until a bottom is formed. You played it the risky way and won.”
yes, there was some risk and it was somewhat of a bold move, BUT i had been studying and tracking RDS for a couple of years and thought I understood the company and the stock to some degree, as well as WISHING there would be a decent dip so i could lock in a 6% dividend return, and BOY did i get a dip (that ended up locking in a 17% dividend return assuming RDS can keep up their 26 years of steady dividend payment).
Also, i had missed the great bull market when i retired and got all conservative with my finances because i didn’t know how much i needed to live; turns out not very much since i have no debt, don’t have expensive bad habits like booze, pot or tobacco, mostly cook my own food, make most of my own repairs, drive my cars until the wheels fall off, Medicare takes care of all of my medical expenses, etc., so i had a BUNCH of cash sitting around and low living expenses ...
I also have made a four year study of President Trump and realized last week he was *HINTING* about a return to normalcy (before he mentioned Easter this week, etc.), kept emphasizing the hydroxychloroquine + azithromycin cure, and kept saying things were going to get better a lot quicker than the fake stream enemedia was saying, and that the market would quickly come back ... so i figured (as usual) that he was NOT pulling that stuff out of his butt, but instead as President, had access to massive amounts of information the rest of us did not, which is the real reason that President Trump is nearly always correct when he make predictions ...
so while financial analysts have doing their analysis on the market, individual stocks etc., i’ve applied by analytic ability to the President himself, so my bet was to a large degree a bet on President Trump ... i did wait for RDS to quit dropping like a rock, and bought in after it appeared to bottom out and had risen a bit for 2-3 days in a row last week ...
overall, my theory is that the economy will pretty quickly come back and so will the market, particularly since there’s probably at least a couple of trillion sitting on the sidelines just itching to get back in ...
“All of us have a maximum lifestyle point, at which we don’t wanna work any harder”
totally ... especially as we get older and have enough dough that we don’t have to worry anymore about the wolves howling at the door ... besides, there’s a limit to the amount of mashed potatoes one can gum at any given meal ;-)
Now hearing that this was all a hoax I wish I pulled the trigger on manulife yesterday. Too early for natural gas plays?
Same here buddy. 21 black.... I mean red.
Yeah, "dollar cost average" into your money market, then when everything is on sale, like now....spend like a drunken sailor.
Just wonder for how long this rally will last? A week?
Dumpster diving for stocks does make people a lot of money.
If weve seen the bottom, there could be a retest, at least that is typical but V patterns bottoms do occur as well.
which is this? time will tell.
We are alike in this way. I retired at age 52 and I like nothing better than walking, listening to music and reading.
The secret is/was being debt free atretirement and maxing out ira contributions since the day they were offered.
They know it may not be as he hopes - but they also know he’s out there and determined to get things rolling at the earliest possible time and will work even harder to piece-meal things as they become possible instead of waiting for an all or nothing moment.
Trump wouldn’t have said it if he didn’t have a plan for at least partially implementing it. This is/was already vetted and in place. Some areas of the country will be open for business. Those areas will likely be red States/counties.
Blue States and heavy blue counties will remain on lock down.
It’s almost like a biological Civil War of the red county’s versus the inner city blue counties.
The city folk will accuse the president of discriminating against Democrat centers of power.
The accusations have already started.
Just look at how cuomo and blue state governors and big city mayors are shooting their mouths off.
Trump wouldn’t have said it if he didn’t have a plan for at least partially implementing it. This is/was already vetted and in place. Some areas of the country will be open for business. Those areas will likely be red States/counties.
Blue States and heavy blue counties will remain on lock down.
It’s almost like a biological Civil War of the red county’s versus the inner city blue counties.
The city folk will accuse the president of discriminating against Democrat centers of power.
The accusations have already started.
Just look at how cuomo and blue state governors and big city mayors are shooting their mouths off.
Well, DOW as of now is -800 or so. I figured the DCD wasn’t finished yet.
Still some good deals out there.
A lot of profit-taking today.
Excuse me, sir, but could you perhaps use a new cabana boy? Have plenty of experience cleaning pools, too.
Regards,
NO, this thing is like when the weather service predicts a blizzard, the media hypes it, the governor declares a state of emergency and then we get just a trace of snow. This thing will run its course regardless of all these stay at home orders, etc... but it was never going to be a tenth or even a hundredth as bad as the worst case scenarios hyped by the media. We are going to get breathless reports from the media about more and more cases because of increased testing, but the truth is in a lot of places this thing is close to peaking and then fading away.
“down 21% for the year, despite also climbing 21%”
Down 21% is not equal to up 21%.
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