Dow down 3,000 points in the last week

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

  1. ArgentCy

    ArgentCy Well-Known Member

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    I'm pretty sure that is exactly what my cashier was thinking tonight. BTW good sale on Jim Bean.
     
  2. Cyched

    Cyched Minister of Culture
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    :(
     
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  3. capitalcityguy

    capitalcityguy Well-Known Member

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    Jim Cramer famously said Bear Sterns wouldn't go down as part of the 2008 meltdown so he isn't exactly the boy that cried wolf. He was more optimistic than reality,.



    (how does this guy even have a job any longer?? )

    Listen, I get the long term investment horizon speech, but I also don't have my head in the sand either. When you look at past history, I'm not sure I can find a point in the history of the market where the US was his highly levered in debt both at a federal level and a consumer level. To top that off, there seems to be little voice in DC to do anything about it...in fact, the appetite seems to suggest we simply continue on and maybe spend even more.
     
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  4. mdk2isu

    mdk2isu Well-Known Member

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    Find me that Pappy?

    Cue optimistic ratings
     
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  5. ArgentCy

    ArgentCy Well-Known Member

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    He's not that bad. Way more information and entertaining than Bloomberg. I really do kinda miss CNBC.
     
  6. ArgentCy

    ArgentCy Well-Known Member

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    Sadly no. Had to google what that even was.
     
  7. CyArob

    CyArob Designator Of Dumb
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    I want to go to the grocery store and start throwing all the canned goods in my cart to see how people react.
     
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  8. Gunnerclone

    Gunnerclone Well-Known Member

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    With mask on.
     
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  9. cymac2408

    cymac2408 Active Member

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    Not if you’re retiring in August.
     
  10. Cyclonepride

    Cyclonepride Thought Police
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    Thus the "ready to take it out right now" comment
     
  11. capitalcityguy

    capitalcityguy Well-Known Member

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    If retiring in less than a year, you'd assume the person was already conservatively allocated in the market with a heavier emphasis on more conservative investments.
     
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  12. ArgentCy

    ArgentCy Well-Known Member

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    Just saw that this is the fastest 10% correction in the history of the S & P 500.
     
  13. cyclonestate

    cyclonestate Well-Known Member

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    I'm a few years from retirement and I've got a decent nest egg built. When Trump took office 3 years ago, I had a bad feeling the market was going to get very volatile, so I made 70% of my assets guaranteed (not affected by the market) and I'm feeling pretty good about that move right now.
     
  14. cymac2408

    cymac2408 Active Member

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    Yes I have been conservative for the last 5 years in my 401k only. Straight up liberal.
     
  15. sadam

    sadam Well-Known Member

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    I bet you felt really smart from the rise from 16,000 to 29,000 the past several years too huh?
     
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  16. Brandon

    Brandon Well-Known Member

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    The trumpers on social media down playing this and blaming the dems is insane.
     
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  17. NateTheBoss

    NateTheBoss Well-Known Member

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    #117 NateTheBoss, Feb 28, 2020
    Last edited: Feb 28, 2020
    What does “guaranteed” mean? Because if you took your money out of the market for something else that would not have been a good decision over the last 3 years. If you built up a divided portfolio and relied on the dividend you wouldn’t have to worry about the market volatility and you would still benefit from the the growth.
     
  18. Cyched

    Cyched Minister of Culture
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    Rhoho's gambling locks
     
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  19. Rural

    Rural Well-Known Member

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    There'll probably be forms of underground currency in the concentration camps.
     
  20. ArgentCy

    ArgentCy Well-Known Member

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    Slicing through support levels like a hot knife through butter. If we dont bounce soon this is going to turn real ugly and likely crash.
     

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