Look at the stock market

[Doktor Howl]

Put some diapers on first, though.   

[Cain]

The WHO just confirmed a global pandemic. Did it shit itself half an hour ago?

[Doktor Howl]

The WHO just confirmed a global pandemic. Did it shit itself half an hour ago?

1200 points today alone (Dow), and the European and Asian markets are looking kinda sick.  Like "forget the doctor, call a priest" kinda sick.

[Cain]

 

[Doktor Howl]

This is the monthly graph, which lets you see the scale.

[Cain]

Yeah, all joking aside that's pretty significant. Remember the UK is also poised to leave the EU in 9 months. If the pandemic isn't over by that point, we could see a global market downtown compounded by a No Deal Brexit.

[chaotic neutral observer]

I sold off a sizable portion of my portfolio about an hour ago, when I saw the covid-19 numbers for Germany.

Maybe the market will recover suddenly and I'll be left with a nice big capital loss tax deduction to apply in future years, but I think things still have a ways to drop.

[Doktor Howl]

I sold off a sizable portion of my portfolio about an hour ago, when I saw the covid-19 numbers for Germany.

Maybe the market will recover suddenly and I'll be left with a nice big capital loss tax deduction to apply in future years, but I think things still have a ways to drop.

That's one strategy.  The other is if you're in stocks, stay in stocks.  Either they will come back or the economy is actually over and money will just be crappy asswipe.

If you are in bonds, punch yourself in the balls.

[chaotic neutral observer]

I kept the stocks in companies that are pretty solid, and aren't likely going anywhere unless civilization ends (and Coca-Cola might survive even that); I just trimmed out the underperformers and a couple of index ETFs.  I plan to buy back the ETFs when the prices settle out ( the idea being sell low, buy lower).

I'm holding some bond ETFs, but their holdings are mostly government bonds, and if those default, I figure I'm screwed anyway.

[Suu]

Bear market has been declared.

[chaotic neutral observer]

Bear market has been declared.

https://www.youtube.com/watch?v=UubmswRQblM

[Cain]

Somewhat disappointed in that choice of video. I would have gone with this.

[The Wizard Joseph]

Somewhat disappointed in that choice of video. I would have gone with this.

[Doktor Howl]

https://www.nbcnews.com/business/markets/dow-hits-bear-market-plunging-more-1-600-points-n1155696?fbclid=IwAR2msY6iwinIw7AfngFN_4Q0T4k30DYlcxOrTYb7gnwzk2HBAXDS4k_3xNw

[Suu]

Somewhat disappointed in that choice of video. I would have gone with this.

IS MY FAVORITE BEARS