Author Topic: Look at the stock market  (Read 1653 times)

Doktor Howl

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Look at the stock market
« on: March 11, 2020, 05:13:58 pm »
Put some diapers on first, though.   :lulz:
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Re: Look at the stock market
« Reply #1 on: March 11, 2020, 05:15:05 pm »
The WHO just confirmed a global pandemic. Did it shit itself half an hour ago?

Doktor Howl

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Re: Look at the stock market
« Reply #2 on: March 11, 2020, 05:16:25 pm »
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.
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Re: Look at the stock market
« Reply #3 on: March 11, 2020, 05:17:09 pm »
 :peedee:

Doktor Howl

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Re: Look at the stock market
« Reply #4 on: March 11, 2020, 05:19:17 pm »
This is the monthly graph, which lets you see the scale.
"Daisy had syphilis, Tom died of genital warts, and Nick Carroway watched it all in mounting horror, then made off with the silverware and the maid."
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Cain

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Re: Look at the stock market
« Reply #5 on: March 11, 2020, 05:21:15 pm »
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.

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Re: Look at the stock market
« Reply #6 on: March 11, 2020, 05:50:24 pm »
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.
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Doktor Howl

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Re: Look at the stock market
« Reply #7 on: March 11, 2020, 07:09:11 pm »
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.

"Daisy had syphilis, Tom died of genital warts, and Nick Carroway watched it all in mounting horror, then made off with the silverware and the maid."
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Re: Look at the stock market
« Reply #8 on: March 11, 2020, 07:44:57 pm »
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.
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Re: Look at the stock market
« Reply #9 on: March 11, 2020, 08:43:12 pm »
Bear market has been declared.
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Re: Look at the stock market
« Reply #10 on: March 11, 2020, 10:19:02 pm »
Desine fata deum flecti sperare precando.

Cain

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Re: Look at the stock market
« Reply #11 on: March 11, 2020, 10:45:30 pm »
Somewhat disappointed in that choice of video. I would have gone with this.

The Wizard Joseph

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Re: Look at the stock market
« Reply #12 on: March 11, 2020, 11:41:41 pm »
Somewhat disappointed in that choice of video. I would have gone with this.

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Doktor Howl

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"Daisy had syphilis, Tom died of genital warts, and Nick Carroway watched it all in mounting horror, then made off with the silverware and the maid."
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Re: Look at the stock market
« Reply #14 on: March 12, 2020, 03:29:11 am »
Somewhat disappointed in that choice of video. I would have gone with this.

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