Dow down 3,000 points in the last week

Discussion in 'Off-Topic' started by UNI1ISU2, Feb 27, 2020.

  1. Brandon

    Brandon Well-Known Member

    Feb 6, 2014
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    Dumb.
     
  2. CloneFan4

    CloneFan4 Well-Known Member

    Aug 5, 2010
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    Is the legal age of consent 14 there?

    Sorry, low hanging fruit
     
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  3. mdk2isu

    mdk2isu Well-Known Member

    Jan 30, 2013
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    Pappy's at retail price. (A guy can dream right?)
     
  4. cyclone4L

    cyclone4L Well-Known Member

    Jun 30, 2013
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    When we have a correction or a global crisis (coronavirus) which the stock market dips, I always turn to the big boys (Apple, Amazon, Alphabet, Tesla, Facebook, and others) to make a little quick cash. These stocks usually get a little inflated because amateurs just like to buy them. Those stocks take a hit because all the people who have no clue what they are doing pull their money out of fear and the price dips.

    All of them are down significantly in the past week. They may take a bit to recover, but they will recover eventually. Most of those companies aren't going anywhere.

    And no, it's not a get rich quick method, but I've found some easy 20% returns from this strategy.
     
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  5. twojman

    twojman Well-Known Member

    Jun 1, 2006
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    I bought SDOW this morning. If the market goes down 1%, I gain 3%. If you want the opposite, you can buy UDOW. Market goes up 1%, you would gain 3%.

    The markets are now in a 'Correction.' Share are down 10% from market highs. I don't know how long this will last. Spring will help but will NOT stop the virus from spreading.

    Factories in China were starting to come back online but they are missing a lot of workers and supplies to start making things. I've heard Q1 2020 GDP should be viewed as a write off quarter for the US. If I am a company and have any bad news, I want it out in the first quarter.
     
  6. ArgentCy

    ArgentCy Well-Known Member

    Jan 13, 2010
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    Oh... how I've missed these.:)
     
  7. Clonefan32

    Clonefan32 Well-Known Member

    Nov 19, 2008
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    Cash that baby out and live large for the short time we have left before coronavirus ends us all.
     
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  8. Gunnerclone

    Gunnerclone Well-Known Member

    Jul 16, 2010
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    Wow some seriously wild swings. Checked the Dow about 4”30 minutes ago and had cut losses down to -276. Looked again just now -676
     
  9. cmjh10

    cmjh10 Well-Known Member

    Dec 5, 2012
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    It less deadly than the flu, and nobody bats an eye at that every year
     
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  10. Gunnerclone

    Gunnerclone Well-Known Member

    Jul 16, 2010
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    this isn’t a good way to view it imo. The flu can be vaccinated for.
     
  11. ArgentCy

    ArgentCy Well-Known Member

    Jan 13, 2010
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    I did post this already in another place. Full disclosure. I cashed out a DIA put on the first dive this morning. Wish I had a couple more. Lots of support between 24,500 and 26,100 in the DOW. However, it looks pretty scary below ~25,000.

    DOW_2-27.png
     
  12. alarson

    alarson Well-Known Member

    Mar 15, 2006
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    Was pretty sure i read its death rate was significantly higher than the flu
     
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  13. Clonefan2022

    Clonefan2022 New Member

    Feb 20, 2020
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    Is it? I think it’s had a bigger impact because of where the virus started. It has really affected China’s economy.
     
  14. Halincandenza

    Halincandenza Well-Known Member

    Oct 24, 2018
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    That's not true from the stuff I have read. The fatality rate right now is pretty high, and much higher than the standard flu. And fatality rate for people over 70 is is really high.
     
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  15. bawbie

    bawbie Moderator
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    Mar 17, 2006
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    it's at least 20x as deadly as the flu (2% vs. 0.1% per the latest I've read). Please don't spread misinformation
     
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  16. cycloner29

    cycloner29 Well-Known Member

    Dec 17, 2008
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    Wondering which pharmaceutical stocks I should me looking at with a potential cure and to cure my 401k blues?
     
  17. CyDude16

    CyDude16 Well-Known Member

    Oct 2, 2008
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    That’s factually incorrect lol
     
  18. bawbie

    bawbie Moderator
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    Mar 17, 2006
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    that's not golfer
     
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  19. ArgentCy

    ArgentCy Well-Known Member

    Jan 13, 2010
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    Correct... Looks pretty quiet in there anymore.
     
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  20. 3TrueFans

    3TrueFans Just a Man in the Middle
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    Sep 10, 2009
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    Can we just move this to the cave?
     
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