Investment BS Thread - Stocks/Futures/Mutual Funds/Bonds/Commodities/Options/ETFs/401ks/Etc

That's fine, but my rule - if I can't afford to not have it in 4 months, not putting it in the market. For me anything disposable is going into extra truck payments to pay that off faster.

 

Oh I can absolutely afford to not have it for months/years. I don’t gamble with money I need haha. I just normally throw extra cash towards paying off debt but my current debt is just my brother, my house and my rental unit.

 

Well BA is up $10 from where I sold and NCLH is up a buck. Who’s regretting it this morning?
This guy!!

 

I will not succumb to
the FOMO! We will have a correction!

 

BACPRB was near $20 Wed last week. I backed up the truck. Now above par. I'm not back to where we started this mess, but I am within spitting distance.....

 

This is a wild market to trade. I wish I knew how, I’d love to try. I’d lose it all though, I just know it.

 

@Boyk1182
That’s what I get for trying to time the market!

 

It can de done, there are people who trade for a living. I think the success rate is like 1%, so I don’t like my odds!

 

@Fire Chicken @Boyk1182

Honestly thought the market would go to hell today.

 

I never would have expected ANY of what's going on. A 35%+ drop in a few weeks. A 3 million+ unemployment report, and an up day.

That's why I just buy good companies that pay dividends. I can't flip stocks for profit, I know that. I can get paid to just buy and hold though.

 

When the S&P hits 2,630.23 the bear market would officially be over. I would have though it would have taken months, or a year or longer for that to happen, but it might be today or very soon. Absolutely crazy markets!

 

You're wrong.. babies and grandma's don't work. Labor force in US is about 160 million.

 

I think it’s because of the internet. There are so many more people that invest now than what there used to be and there is so much more information out there and so much more technology than what there used to be.
Now peoples ave a better understanding of how investing works and they realize that “this too shall pass.” When used to, if the market went down people would panic and would stay out of it for a while. Opposed to how it is now where investing is just one click away.

 

Agreed. It is also the computerized trading (algos). That will cause much faster drops, and much faster recoveries, as we've seen in recent years. The market is still efficient (in my opinion), so it works out the same in the end. Just much faster than before.

 

curious if this recent uptrend is a dead cat bounce? We are far from seeing the final unemployment numbers from this, and business' bottom lines have not yet seen their bottom lines shrink, so I expect markets to go down from here.

who knows though, with the fed pumping liquidity into the markets and fed/gov't buying stocks, we could get another fake recovery.

 

I looked at it. I saw that it was down a percent this morning and was going to give you a hard time then looked like 5 minutes later and it's back up a bunch again.

 

It definitely could be. I always say flip a coin if you want to know where the market is going in the short term. The truth is, regardless of what people may say, nobody knows. A lot was priced in with the 35%+ correction, so it's tough to say if that was it or not.

 

Never mind that the Fed and the government pulled out the bazooka to blow the stock market back up. I'm sure the Fed will cut rates again soon. I'm staying out. I'm not buying the rally and some get offended by that the idea that i'm calling bullshit. I remember getting the same blowback in 2006 when I said the housing market was going to pop.

 

I also agree. If I was in charge I would place a one cent tax on all trades. Would not affect your avg investor, but tax the algorithms that cause this craziness. I would also make it illegal for semis to be in the fast lane. It would make for a unique political platform ...

#Juggernaut 2020.

 

You could have become very rich buying through the last crash, and holding on for the next decade. Same will be true this time.