Look at the stock market

[Doktor Howl]

IN THE EVENT OF A WATER LANDING, WELL, IT WAS NICE KNOWING YOU

https://apnews.com/bd3276744b861e2669fd761733e9d2b4

Dow drops 3000 this afternoon.

[Faust]

That was before or after the massive stimulus and negative interest rate announcement?

After... Oh god...

[chaotic neutral observer]

Mr. Market, that whimsical and sometimes erratic personification of the average investor, is currently running down the street with his pants over his head, screaming lurid haiku through the leg-holes.

[PopeTom]

IN THE EVENT OF A WATER LANDING, WELL, IT WAS NICE KNOWING YOU

https://apnews.com/bd3276744b861e2669fd761733e9d2b4

Dow drops 3000 this afternoon.

Second largest percentage drop of the DJIA ever.

Great Depression, huh?  Hold my overcooked ketchup covered steak.

[The Wizard Joseph]

...Well this is my stop.
Said we would get here.
Tried to warn some folks.
Guess I'll go fuck myself.

[Doktor Howl]

That was before or after the massive stimulus and negative interest rate announcement?

After... Oh god...

This is of course only partially caused by the plague and the Russian/Saudi oil war.  Call it 20% combined.

[tyrannosaurus vex]

Everything's fine, the financial news is saying the markets are "bouncing back" (after historic losses, but shh). Everything is fine, crisis averted.

[PopeTom]

Everything's fine, the financial news is saying the markets are "bouncing back" (after historic losses, but shh). Everything is fine, crisis averted.

Just in case there are people who have not heard the phrase, "dead cat bounce."

In finance, a dead cat bounce is a small, brief recovery in the price of a declining stock.[1] Derived from the idea that "even a dead cat will bounce if it falls from a great height",[2] the phrase, which originated on Wall Street, is also popularly applied to any case where a subject experiences a brief resurgence during or following a severe decline.

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

[Doktor Howl]

Everything's fine, the financial news is saying the markets are "bouncing back" (after historic losses, but shh). Everything is fine, crisis averted.

Just in case there are people who have not heard the phrase, "dead cat bounce."

In finance, a dead cat bounce is a small, brief recovery in the price of a declining stock.[1] Derived from the idea that "even a dead cat will bounce if it falls from a great height",[2] the phrase, which originated on Wall Street, is also popularly applied to any case where a subject experiences a brief resurgence during or following a severe decline.

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

Already covered that.

[chaotic neutral observer]

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

Note that a sudden decrease in the liquidity of the bond market has made holding bond ETFs--even supposedly safe ones--a rather questionable idea.   

They're not down as much as the overall market, but ... yeowch.

[altered]

Yeah I think I pulled all of my stuff out of the market JUST at the right time (mid January). Funny how treating ETFs as a savings account works to my benefit, even once I lose my job and have a few months without work.

And when this job hits, I'll do the same thing I did before: throw a fixed amount and anything left over into ETFs each month, and pull stuff out for emergencies and big purchases.

Sure, for awhile my "savings" will be a wasteland of magically disappearing money, but I'll stand to gain quite nicely in ten years, assuming this job and the training from it keeps me doing okay for that long.

[chaotic neutral observer]

Starting at the beginning of last week, I began the process of buying back in, about the same dollar value each day, always in the last hour before the market closes, regardless of the price.  (Sort of a high-frequency dollar cost averaging).

I plan on continuing this until I run low on capital, or I lose my nerve.

[The Wizard Joseph]

Starting at the beginning of last week, I began the process of buying back in, about the same dollar value each day, always in the last hour before the market closes, regardless of the price.  (Sort of a high-frequency dollar cost averaging).

I plan on continuing this until I run low on capital, or I lose my nerve.

Moloch is pleased by your act of faith in The Line. Just don't forget where and who it came directly from


His name is Moloch.
He usually eats the young
In exchange for "prosperity"
In a future you may never see.
But these are tough times
And apparently he is now
Accepting the elderly,
Additionally.