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03-16-2020, 04:30 PM
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#1621
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,501
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The only thing I can predict is that there are going to be massive job losses and massive small business closings, because, apparently, people have no limits on their craziness.
There will also likely be civil unrest coming sooner than you think.
Lots of stuff left to price into this market.
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03-16-2020, 05:45 PM
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#1622
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Registered Loser
Join Date: Apr 2002
Posts: 2,633
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The end of " The Land of Milk and Honey"as it's been the last few years. I've been telling people that an "adjustment" would be coming. Thought maybe a war, certainly not a little bug.
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03-16-2020, 06:07 PM
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#1623
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,733
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Quote:
Originally Posted by jk3521
The end of " The Land of Milk and Honey"as it's been the last few years. I've been telling people that an "adjustment" would be coming. Thought maybe a war, certainly not a little bug.
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i think this corona is WW111
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03-16-2020, 06:46 PM
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#1624
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Registered User
Join Date: Apr 2014
Posts: 1,755
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Volume on spy was lower today than Friday and thursday. With the size of the move you would think it would much higher.
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03-16-2020, 07:12 PM
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#1625
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,501
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Well, the VIX is at an all time high...if the volume numbers don't show up, there could be a pretty severe snapback at some point.
Or...it could be this downward move is just getting started...maybe people are under the impression this is just a temporary thing and we'll all be back to normal in a week or two.
Volume tells all. When it starts showing up big time, you know the bottom is getting closer.
The old adage of buying when there is blood in the streets is never a bad course of action.
The very worst possible thing that could happen to the markets is happening. A massive sell-off followed by a higher prospect of a Dem being in the White House = zero chance of any meaningful recovery for at least a decade.
So I'm not sure I would be so eager to buy, even if the streets start running red.
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03-16-2020, 07:18 PM
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#1626
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Registered User
Join Date: May 2010
Posts: 5,005
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Quote:
Originally Posted by PaceAdvantage
The very worst possible thing that could happen to the markets is happening. A massive sell-off followed by a higher prospect of a Dem being in the White House = zero chance of any meaningful recovery for at least a decade.
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Study history - 1932 never happened?
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03-16-2020, 07:40 PM
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#1627
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,501
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Quote:
Originally Posted by Ocala Mike
Study history - 1932 never happened?
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Read more closely.
I did not write "the worst possible thing to EVER happen to the market."
Thank me very much.
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03-16-2020, 07:42 PM
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#1628
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by PaceAdvantage
The very worst possible thing that could happen to the markets is happening. A massive sell-off followed by a higher prospect of a Dem being in the White House = zero chance of any meaningful recovery for at least a decade.
So I'm not sure I would be so eager to buy, even if the streets start running red.
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The market has done well under Dem presidents over time - please see link.
https://www.forbes.com/sites/peterla.../#296fd82d239d
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03-16-2020, 08:07 PM
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#1629
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Registered Loser
Join Date: Apr 2002
Posts: 2,633
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Quote:
Originally Posted by Saratoga_Mike
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Who was President in 1987 ?
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03-16-2020, 08:12 PM
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#1630
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by jk3521
Who was President in 1987 ?
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Reagan. I'm not sure what that has to do with a larger historical dataset.
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03-16-2020, 08:26 PM
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#1631
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Registered User
Join Date: Jan 2006
Posts: 28,546
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Quote:
Originally Posted by Saratoga_Mike
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The Dem presidents have gotten lucky. The Rep presidents do it with SKILL! 
__________________
Live to play another day.
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03-16-2020, 09:26 PM
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#1632
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Registered Loser
Join Date: Apr 2002
Posts: 2,633
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Quote:
Originally Posted by Saratoga_Mike
Reagan. I'm not sure what that has to do with a larger historical dataset.
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That was a rhetorical question hoping to get a rise from the "Reagan fan club members " on the board. Things were not that great during his administration.
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03-16-2020, 09:38 PM
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#1633
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Registered User
Join Date: Jul 2003
Location: central fla.
Posts: 4,874
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I wouldn't be trying to catch a falling knife anytime soon...
__________________
got handed a lemon...make lemonade....add sugar or brown sugar or stevia or my personal favorite....miracle fruit....google it...thank me later...
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03-16-2020, 09:44 PM
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#1634
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,733
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Quote:
Originally Posted by sammy the sage
I wouldn't be trying to catch a falling knife anytime soon...
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i caught one today with the gold mining shares. FNV went from 77 to 99 in a half hour. RGLD went form 59 go 81 and SAND went from 3.30 to 4.8.
you can make money with the falling knifes if you time them right. these were pretty easy to find as well and the timing came right on television.
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03-16-2020, 11:41 PM
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#1635
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Bombardier
Join Date: Sep 2003
Posts: 4,039
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Quote:
Originally Posted by PaceAdvantage
I am never making a recommendation on here again...even when it's the correct call, people make dumb photoshop images criticizing me for it.
Besides, the direct answer is, WHO THE F KNOWS?
We are in NO MAN'S LAND now
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I think this is the correct answered, followed closely by us being in no man's land. If the country goes into a two-week lockdown, that will be all she wrote.
I went cash three months ago in both mine and my wife's deferred comp. For a while I looked very wrong...until last week. Now I am waiting until who knows when to jump back in. Nobody seems to know where the bottom will be, so it will be an educated guess.
__________________
They don't think it be like it is, but it do. ~O.Gamble
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