With the stock market plunging. . .

[dioxide45]

Indexes are not companies. Look at Companies, not aggregations.

Don't companies make up indexes? So if looking at certain few companies, those may not be below their 52 week low. However overall more would have to be under than are over if the indexes are under.

 

[Brett]

Don't companies make up indexes? So if looking at certain few companies, those may not be below their 52 week low. However overall more would have to be under than are over if the indexes are under.

right, obviously most companies are below their 52 week low's

 

[bluehende]

right, obviously most companies are below their 52 week low's

By definition it is hard to be below your current 52 week low. Now compare the price now to the 52 week low that would have been reported 2 weeks ago and you would be hard pressed to find many that are not below that. I assume a couple may be thriving for some specific reason. I am very dubious of the latest rally. It looks like a classic bear trap. Most of the biggest days come in the midst of a bear market. I bought protection today for my QQQ positions by buying the SQQQ. I will take that protection off if the market retraces 50% of todays gain. At this time I do not have a target on the upset to remove it. You can guess what my weakness in trading is. Yep limiting my loss when the market goes against me.

 

[geekette]

oop, yep, that could certainly be true by now, but I was looking periodically as the sinking was happening, including 2 weeks ago, but apparently not on the bloodiest day, whichever that was. I'm a long holder and unconcerned by the "paint em all with doom brush" the fear factor is bringing.

A year ago SO was $52, today it's $49. PG was $101 a year ago, today $103. KMB was $121 4/5/19, today is $117. These are not significant changes.

The earnings reports will be of more interest to me than stock price.

 

[Brett]

oop, yep, that could certainly be true by now, but I was looking periodically as the sinking was happening, including 2 weeks ago, but apparently not on the bloodiest day, whichever that was. I'm a long holder and unconcerned by the "paint em all with doom brush" the fear factor is bringing.

A year ago SO was $52, today it's $49. PG was $101 a year ago, today $103. KMB was $121 4/5/19, today is $117. These are not significant changes.

The earnings reports will be of more interest to me than stock price.

your stocks may have done well these past few weeks but the average over the past year ....

 

[Bucky]

It is what it is!

i must admit that I did get back in today but not because I think we have reached the bottom. Don’t think we will see the bottom until the numbers turn. When there are fewer cases and deaths worldwide on a daily basis then the market will stabilize IMO.

I invested in about 10 different mutuals, basically the same ones I was in prior to bailing. Much easier for me to pick sectors than individual stocks. It worked very well for us in the past so I see no reason to change.

Now that the stimulus has been agreed to I wouldn’t be surprised to see it down today. The old adage buy on the rumor and sell on the news could come into play. From 5:30 this morning to 7:00 I’ve seen the futures go from +700 to -25!

 

[geekette]

your stocks may have done well these past few weeks but the average over the past year ....

View attachment 18236

Ok, but how are you over 5 or 10 years? The fall is from a very high mountain. Companies were making record profits, most everything was bid up well into overvalued territory.

A short term investor may have been wiped out but the long term investors are still solid.

Part of the reason I don't buy funds is that herd mentality moves them. It's co-ownership, where demands to sell force the manager's hand when they don't have the cash to satisfy all the sellers. Since I stay put, no co-owner forcing my hand, I don't have to lock in losses and have to "get back" anything. Still same number of shares. In most cases, same dividend.

 

[Ironwood]

Nice bounce yesterday, hopefully off the bottom, but the next few weeks will tell. I was cheering one stock in my retirement account up 22% at the close, then looked at the chart only to realize it's still 50% off it's peak 6 weeks ago and I'm still well underwater on this one.....it's going to be a long way back on some of my holdings.

 

[PigsDad]

Now that the stimulus has been agreed to I wouldn’t be surprised to see it down today. The old adage buy on the rumor and sell on the news could come into play. From 5:30 this morning to 7:00 I’ve seen the futures go from +700 to -25!

That was my prediction as well, but with the Dow being up over 1,100 right now, I'm glad we were both wrong!

Kurt

 

[Passepartout]

Another TUGger described the bounce as a 'Bear Trap'. I'm still comfortably bathing in the cash pond.

 

[PigsDad]

Another TUGger described the bounce as a 'Bear Trap'. I'm still comfortably bathing in the cash pond.

Could very well be. I wouldn't be surprised at a 15K Dow in the near future. Hope I'm wrong, but...

Kurt

 

[easyrider]

Could very well be. I wouldn't be surprised at a 15K Dow in the near future. Hope I'm wrong, but...

Kurt

I was listening to Harry Dent saying the market will be toast and because of demographics it will take decades for it to return. Harry also says real estate every where will tank as boomers die off. Kind of interesting. I don't totally agree with Harry but I do agree with Richard on many things.

 

[T-Dot-Traveller]

Another TUGger described the bounce as a 'Bear Trap'. I'm still comfortably bathing in the cash pond.

remember too - the “dead cat bounce “ is coming .

******
when the news described the market as “cratering “ the other day - I figured the current
generation of market news writers were combing old headlines for new / old descriptive verbs .

 

[Luvtoride]

My FA did a bunch of puts in early February which have proven to be a god send. He said he saw “cracks” in the economy and wanted to hedge. Now, he is starting to think on buying calls.

Boy, finding a great FA is like finding a gold mine.

So far, I have only lost 1.3 percent of my net worth. Lucky, as I think we are at 20 percent from the highs.


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Fred,
Interestingly, I looked at my Merrill Lynch account today which also includes a total “NET Worth” section based on inputting all of your “other assets” and liabilities so you see a total picture.

For the 3 months thru yesterday that figure is down about 11.5% (not as bad as I thought).
I then did the compare for 12 months. I’m basically at break even from where I was at 4/1/19. Now granted that Includes new money that went in, primarily 401k contributions and matches from our employers but I was very surprised. The huge “growth” which we had experienced until last month was all “paper gains” as these are paper losses now.

There is definitely some hope for optimism for a good climb back.


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[Fredflintstone]

Fred,
Interestingly, I looked at my Merrill Lynch account today which also includes a total “NET Worth” section based on inputting all of your “other assets” and liabilities so you see a total picture.

For the 3 months thru yesterday that figure is down about 11.5% (not as bad as I thought).
I then did the compare for 12 months. I’m basically at break even from where I was at 4/1/19. Now granted that Includes new money that went in, primarily 401k contributions and matches from our employers but I was very surprised. The huge “growth” which we had experienced until last month was all “paper gains” as these are paper losses now.

There is definitely some hope for optimism for a good climb back.


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I think so. We are in day 3 of a rise and that’s with a 3.2 million job claims number. It’s kind of like TP. Panic always makes things worse and people overdue things. BTW, the purchase of TP has subsided.

I knew the US government would step in. I knew the economy was well before this. I know the world researchers are on it. They will find a solution. We know from other nations, this thing does subside (numbers down in China).

Frankly, the only people who got smoked were those on margin.
They were forced to sell causing a blip down.

That is not to say though that we still may have market turbulence here and there. However, once the weak holders are out and shares are in stronger hands, and this issues subsides, I think we are in for huge gains. I just think you have to stomach the violatility.

In short, I’ve been buying when panic is the highest and I think, over the long haul, it will pay off nicely.


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[pedro47]

The American economy and the stock market were doing very well. Until an atomic bomb was drop in China called the Coronavirus . The mushroom now have spread over the world and to 144 countries.

 

[Brett]

I think so. We are in day 3 of a rise and that’s with a 3.2 million job claims number. It’s kind of like TP. Panic always makes things worse and people overdue things. BTW, the purchase of TP has subsided.

I knew the US government would step in. I knew the economy was well before this. I know the world researchers are on it. They will find a solution. We know from other nations, this thing does subside (numbers down in China).

Frankly, the only people who got smoked were those on margin.
They were forced to sell causing a blip down.

That is not to say though that we still may have market turbulence here and there. However, once the weak holders are out and shares are in stronger hands, and this issues subsides, I think we are in for huge gains. I just think you have to stomach the violatility.

In short, I’ve been buying when panic is the highest and I think, over the long haul, it will pay off nicely.


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OK, so you are expecting HUGE stock market gains ... at some point in the future.
Please tell us a day or two before the HUGE gains occur .... much thx

 

[pedro47]

This is the time to put politics aside and for Congress do the right thing for people of the whole United States of America.

 

[Brett]

This is the time to put politics aside and for Congress do the right thing for people of the whole United States of America.

I suppose it depends on your definition of the "right thing for the people"

 

[VacationForever]

Please don't go there and get this thread shut down.

 

[Brett]

Please don't go there and get this thread shut down.

I'm not sure where you think it's going.
This thread is about whether one believes the stock market is going up or down in the near future.
or a buying opportunity ... or keep the cash

 

[VacationForever]

I'm not sure where you think it's going.
This thread is about whether one believes the stock market is going up or down in the near future.
or a buying opportunity ... or keep the cash

You know you have been bad "I suppose it depends on your definition of the "right thing for the people" "

 

[Brett]

You know you have been bad "I suppose it depends on your definition of the "right thing for the people" "

the "right thing" ????
I honestly don't know what the poster thought was the "right thing" and it's relation to the stock market

 

[PigsDad]

Harry also says real estate every where will tank as boomers die off.

Was this just the natural, long term die off of the boomers as they age out, or was he saying there would be a significant die off just due to COVID-19? Just curious.

Kurt

 

[PigsDad]

I think so. We are in day 3 of a rise and that’s with a 3.2 million job claims number. It’s kind of like TP. Panic always makes things worse and people overdue things. BTW, the purchase of TP has subsided.

TP is still very scarce around here, but it can be found first thing as stores open up for a little while usually. However, haven't see basic staples like canned veggies, soup, flour, sugar, rice and bean on any shelf for the last couple of weeks.

I knew the US government would step in. I knew the economy was well before this. I know the world researchers are on it. They will find a solution. We know from other nations, this thing does subside (numbers down in China).

Frankly, the only people who got smoked were those on margin.
They were forced to sell causing a blip down.

That is not to say though that we still may have market turbulence here and there. However, once the weak holders are out and shares are in stronger hands, and this issues subsides, I think we are in for huge gains. I just think you have to stomach the violatility.

In short, I’ve been buying when panic is the highest and I think, over the long haul, it will pay off nicely.

I don't know about huge gains, as I think this struck a deep blow to the economy and it is going to be slow to recover. But recover it will; just a matter of how long it will take.

I continue with my automatic investments, but I haven't stepped up those as, frankly, I'm keeping a larger emergency cash fund. I think that is a prudent plan for me.

Kurt