Dow down 3,000 points in the last week
- Thread starter UNI1ISU2
- Start date
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.
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.
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.
Cash that baby out and live large for the short time we have left before coronavirus ends us all.
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
It less deadly than the flu, and nobody bats an eye at that every year
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.
Was pretty sure i read its death rate was significantly higher than the flu
Is it? I think it’s had a bigger impact because of where the virus started. It has really affected China’s economy.
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.
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
Wondering which pharmaceutical stocks I should me looking at with a potential cure and to cure my 401k blues?
