This too will pass. Relax. If you have money to invest, start putting it to work now as the market declines. This is a generational buying opportunity for prudent, unemotional investors. Not a great time for those who are unable to control their emotions
Looking for 15,000 to 16,000 if that doesn't hold 12,000 and if....the 2008 low. Gold should be sub 1,000.00
We haven't had any debt liquidation in 2 generations.....pain.
DIA will bottom well before it reaches 15,000, let alone, 12,000. Look at a 50 year chart of the DOW or the S&P and take comfort. The world IS NOT ending!
DJIA ... 17,000 but 15,000 is not unrealistic.
And of course the world is not ending, it's only a small blip in the grand scheme of things to come.
Just a bad memory photograph from the picture album ...
They're will be the ones to invest wisely and getting very very rich, it's what it is.
The ultra high-end audio will be back with a vengeance ...
And we'll be back with it too to support it.
And we'll be going fishing in grand style ...
And Bugatti, Ferrari and Lamborghini too ...
This thread was created less than two years ago, March 21, 2018; in the interim we have seen the grand top of them all, but we haven't seen the grand bottom of them all, just yet ...
Looking for 15,000 to 16,000 if that doesn't hold 12,000 and if....the 2008 low. Gold should be sub 1,000.00
We haven't had any debt liquidation in 2 generations.....pain.
Yes, typically A waves retrace 50 to 57 percent of the entire move up. This wave though could be a generational situation. Those A waves can retrace into the 90 percent range. The most famous of crash "A" waves was the infamous "South Sea" bubble in 1720.
These are scary times on all fronts for sure. I was very distraught during the Financial Crisis. This pandemic and all it brings is very scary, too, but I am handling it better than I did back in 2008. I truly think we were on the cusp of financial evaporation back then, and we survived. Short term now is huge pain health- and economy-wise, but we will survive this too. I'm mid-60s, but a long term investor. Greed and fear are market motivators. I'm putting some liquid cash to work in the market now, but buying luxury items is no where on my mind.
watching the latest news coverage from the White House, they are determined to keep the market open through the pandemic. However comments were made about tax filing. people are urged to file their tax returns on or before April 15 but IF tax is due the payor can defer up to $1M in owed taxes
It seems the market is looking for some direction as to where we are headed and over the course of this 30 minute announcement I watched the DOW rise 350 points
I read ray dalios hedge fund got spanked big time by the market wipe out.
I did okay , i was short aex 630 right at the top and closed the position at 530 .
Way to early though i missed another 130 points
Looking for 15,000 to 16,000 if that doesn't hold 12,000 and if....the 2008 low. Gold should be sub 1,000.00
We haven't had any debt liquidation in 2 generations.....pain.
It is extremely tough to predict where the bottom is, and when. Is it tomorrow that $850 billion package deal announcement, March 18?
Can we trust market expert analysts in this new Coronavirus uncharted territory?
Some say another 15% or so to go on the way down before a rally. I doubt it.
Roger is good with numbers here, I'm more inclined with those winds ...