billymach4
TUG Member
Anyone who has been on the sidelines waiting for a dip....... Go on a shopping spree now.
Anyone who has been on the sidelines waiting for a dip....... Go on a shopping spree now.
Mar 9, 2020 Dow plunges over 2,000 points,
oil collapses amid price war and coronavirus
Dow Jones Industrial Average
INDEXDJX: .DJI
23,851.02 −2,013.76 (7.79%)
The drop is now the worst one-day point decline ever for the Dow.
https:// www. foxbusiness .com/
markets/us-markets-march-9-2020
It will keep going down for awhile.
Normal reaction, nothing that shouldn’t have been expected with the virus widespread. It will affect most sectors of businesses. Some will not be able to survive with their losses unless the government steps in with assistance.
This too all will pass and when it does it will take some time to recoup but I think sooner then later. Ultimately I see a business boom in the US to produce products made elsewhere so we don’t have the reliance on China for essentials such as medications.
You can look at CNBC.com or use the ap and tell what the market is doing tomorrow. The later it gets, the more accurate it becomes. But that is just for the open of the market. The real question is where will the market be in three months or six months. Nobody knows.
Bonds have had a great run. I agree, time to take some profits. Time to buy stock.....Only if you like to trade a lot. I don’t think a bottom will come for another month. But tomorrow on March 10th we should get a bounce and that could last a few days, but maybe not. Who knows.
But WHEN will Cruise Lines start 'UP' again?Probably shouldn't, but I'm thinking about buying Exon this week. Looking at Royal Caribbean Cruise Lines. geezy peezy, how much lower can these go ?
Bill
Probably shouldn't, but I'm thinking about buying Exon this week. Looking at Royal Caribbean Cruise Lines. geezy peezy, how much lower can these go ?
Bill
I remember hearing this kind of thinking when Boeing went over a cliff after the 737 max grounding, and every time it went under $350 over the last year.Probably shouldn't, but I'm thinking about buying Exon this week. Looking at Royal Caribbean Cruise Lines. geezy peezy, how much lower can these go ?
Bill
Not for a couple of years, at least. There will be plenty of time to watch cruise line stocks to form a bottom (at lower levels from here) and buy-in then. Look at what happened with airline stocks after 9/11. Corona virus is obviously the cruise lines' 9/11 event.But WHEN will Cruise Lines start 'UP' again?
Buffet is saying 50% drop from market high, as are a growing number of others. We hit 20% bear market today. Still have a ways to go. DOW 14500 would be 50%. Hopefully it doesn’t fall that much - but I’m staying on the sidelines for the time being.
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a 50% drop in the stock market would be bad![]()
Unfortunately Fear and Panic can make it go that low. When it passes imo will recover pretty quickly as everyone will want to get out buy and do things.I can’t see that much of a drop because this isn’t a financial crisis. It’s a virus issue. We don’t have financial fraud, businesses collapsing, people thrown out of work in the millions, everyone losing their homes. It’s overdone. I will just keep buying with excess cash.
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Unfortunately Fear and Panic can make it go that low. When it passes imo will recover pretty quickly as everyone will want to get out buy and do things.
I can’t see that much of a drop because this isn’t a financial crisis. It’s a virus issue. We don’t have financial fraud, businesses collapsing, people thrown out of work in the millions, everyone losing their homes. It’s overdone. I will just keep buying with excess cash.
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