.

[Cyched]

Nearly 50 so another 10 years or so.

Gotcha. 80% seems high for 50, but I also don’t know your risk tolerance

 

[cyups2323]

Is anyone looking at buying Gilead sciences, they are working on FDA approval for a covid19 drug. I saw dr. Fauci this morning saying it is showing promising lab results.

 

[brianhos]

Today will be a down day and would guess tomorrow will be a light drop to finish the week. If today finishes up, best to just dump in your extra cash, mortgage your house, and the kids lunch money because it's going back to 30k.

It will be at least 2 years before we see 30K, it will go up, but slowly, and the next 6 months are going to be brutal on earnings.

 

[SayMyName]

Hoping for an even bigger payday with my long AMZN position after today's earnings release. About time to take profits off the table on that one to offset losses elsewhere.

 

[BCClone]

I guess context is mine is not retirement money. I leave my retirement stuff alone for the most part and have a long ways to go (<30).

Im 48 and all retirement funds are high growth stocks. Hoping to never touch them and just let the kids inherit them. Hoping the business takes care of me.

 

[BCClone]

It will be at least 2 years before we see 30K, it will go up, but slowly, and the next 6 months are going to be brutal on earnings.

I figured 25k would be our cap, today reinforced it. Although I will say the DJ is kinda unhinged from the rest. I have several sticks that are still 60-65% of their peak. Whereas the DJ is about 80% of its peak. Many of this stocks are basic staple stocks that were still functioning during this.

 

[CycloneDaddy]

This sure is fun today!!!

 

[Cyched]

This sure is fun today!!!

 

[ArgentCy]

This sure is fun today!!!

This is nothing yet, I mean we were up 700 points on Wednesday. We are chopping in here and sometimes that means a change of trend.

 

[FallOf81]

Just stepping back from the charts, numbers, trends a bit here. After the low March 23, we hit market levels this week where we were in September. Freakin Sept! When most every economic indicator and corporate calls (except energy and financials) were saying the outlook looks great through 2021. Then the destruction. 30+ million out of a job. Etc. Etc. Etc. Are you kidding me?

 

[brianhos]

Just stepping back from the charts, numbers, trends a bit here. After the low March 23, we hit market levels this week where we were in September. Freakin Sept! When most every economic indicator and corporate calls (except energy and financials) were saying the outlook looks great through 2021. Then the destruction. 30+ million out of a job. Etc. Etc. Etc. Are you kidding me?

Things right now are not based in reality.

 

[Rural]

The biggest dead cat bounce in history.

 

[brianhos]

The biggest dead cat bounce in history.

Or a massive short covering.

 

[ArgentCy]

The biggest dead cat bounce in history.

It's not, perhaps the fastest but it was also the fastest decline. Here's a chart from the Great Depression. Note the initial bounce from ~200 to almost 300 and also close to or even more than half the initial decline.

https://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929

 

[BCClone]

Trump threatened more tariffs on China. That always scares the market.

 

[ClonesFTW]

Im up 38% on RCL currently lol I’m sure I’ll lose it all at some point.

Aaand down to +5%. This is fun.

 

[CycloneDaddy]

Aaand down to +5%. This is fun.

As long as they dont file BK u will be fine.

 

[simply1]

Buffet went on for 4 hours. Sold all of their airline stocks.

https://finance.yahoo.com/video/berkshire-hathaway-annual-shareholders-meeting-154143373.html

 

[BCClone]

Bouncing back this morning so far.

 

[bos]

I started some custodial index funds for my kids with the stimulus. Hoping they will add to them over the years and get a better start than I did when I was young. My oldest will be getting a highschool job when this clears up (hopefully before too long). Going to try to see if he would be willing to put some money away in a Roth as well. I tell you, I can only imagine where Id be sitting if I would have known about such things when I was his age. I pissed away thousands from my school days.