Dow Jones - Bottom?

[jet496]

So, the DOW is where it was exactly 2 years ago yet the economy is definitely worse off, even after recovery, than the 2008 financial crisis. It could be as bad as the Great depression, yet the DOW is at 21,000.

How can that be? I'm thinking day traders, but there's no way we've seen the bottom.

It's hard to invest in it since fundamentals & logic seem to be out the window in regards to it.

 

[rivermobster]

I think we missed the bottom...

It was about a week before the bailout. I should have bought in then. Fuck.

But who knows with these things really. I do think the feds will do what they have to do from this point forward.

*Shrug*

 

[LargeOrangeFont]

No we have not seen the bottom, but is not going to drop to 9K either.

We are less than a month into this. I think we are going to dither around where we are in the high teens low 20s for awhile. The claw back will take a few years.

 

[LargeOrangeFont]

I think we missed the bottom...

It was about a week before the bailout. I should have bought in then. Fuck.

But who knows with these things really. I do think the feds will do what they have to do from this point forward.

*Shrug*

You haven't missed anything unless you are day trading. If you are planning on purchases you want to hold for the medium to long term, buy.

 

[EmpirE231]

it bounced off 18k a week ago. I think we will be back there soon, would not be surprised if we hit 15k in the next 2 weeks or so.

 

[hallett21]

The way unemployment is going and with another 30 days of this I think I’d rather stay liquid or in tangible assets.




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[evantwheeler]

With the employment outlook and the domino effect of shutting down the entire economy, I cannot see how there isn't a massive drop coming. I think the Q2 numbers will HAVE to be extremely weak but I don't know if all of those assumptions have been priced into the market? Have dividend cuts/eliminations been priced into the market? I put some money to work right before the BIG drop around the end of FEB and feel like an absolute idiot for doing so. It was right before the oil war and before Trump shutting things down in the US. I think we have a lot of hurt ahead of us and I'm on the sidelines until there is something truly positive ahead of us. Right now all we have is record unemployment numbers, no economic activity in the restaurant/service industry, an oil war killing any chance of production within the US, nationalization of industry with this stimulus package, and on and on. None of this is good or positive.

 

[Bigbore500r]

Pay off all debt and put the money under the mattress

 

[MSum661]

it bounced off 18k a week ago. I think we will be back there soon, would not be surprised if we hit 15k in the next 2 weeks or so.

I agree.
I want to see a re-test of 18K before making any bold moves by either going back in or holding out longer.

 

[shintoooo]

Day Traders Heaven lol

 

[Q4mtxUS]

Tangible assets would be toilet paper because let face it, this summer/fall, we’ll be trading TP for food because cash, gold, silver, gems won’t work in the new world come‘th

 

[jeteater1]

Go little trbo go lol. Not bad for a penny stock

 

[caribbean20]

18k

 

[socalrzr]

I am anything but a stock market trade or financial advisor, but I think that the economy will bounce back way faster than any previous depression in history. I believe that as soon as these restrictions are lifted that there could be an unprecedented upturn in the economy. I know that I am lucky and have had an unaffected job as of yet, but I know that as soon as I can I will get right back to where I was. Who else has this thought?
I hope that everyone is able to pick up where they left off, but never forget the ones that weren't as lucky.

 

[HBCraig]

We won't know the bottom until the democrats get back in office.

 

[Havasu blue label]

Six weeks was my sons call 4 weeks ago he is a financial analyst kids putting some hours in this month be patient guys casino stocks enjoy the ride mgm

 

[yz450mm]

A few months ago, if you had told me that the Vegas Strip would be dark and quiet due to a flu outbreak, I would have said you were a moron and idiot.

Life for everybody then went from full steam ahead, to full stop.

I have a strong feeling that one this bell curve goes over the top, cases start to decline, and the general mood turns positive, there's going to be an explosion of activity in almost every market of the economy.

Seeing the whole Vegas strip dark and quiet is really creepy to me. I enjoy going once or twice a year, and once they open back up, I will definitely head out there for a weekend trip.

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[THE WIDGE]

So, the DOW is where it was exactly 2 years ago yet the economy is definitely worse off, even after recovery, than the 2008 financial crisis. It could be as bad as the Great depression, yet the DOW is at 21,000.

How can that be? I'm thinking day traders, but there's no way we've seen the bottom.

It's hard to invest in it since fundamentals & logic seem to be out the window in regards to it.

this is exactly what I’ve been thinking, emotionally though I started kicking myself after not getting back in last Monday , but we don’t even have an end date to this mess. I’m in it for the long run 5-6 years,I moved everything to secure at the end of 19 protecting 5 years of gains. Ready to double down in the fund I got out of that was up 35% up for2019.

 

[CLdrinker]

I just looked at my 401k for the first time in over a month.
lol shouldn’t have done that.

 

[farmo83]

I believe the mood priced into the market at the current time is that we're going to be open for business early to mid May. If we go beyond that I think we could go lower then we have but not by much.

All that having been said I bought back in a week and a half ago so I'm now along for the ride.

 

[Pesky Varmint]

How I love the internet. Everyone is an expert and it is like the blind leading the blind.

 

[pronstar]

How I love the internet. Everyone is an expert and it is like the blind leading the blind.

The market is driven by, and fortunes are made and most by, feelings and emotions [emoji106]


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[Brian]

I bought in about 2 weeks ago. It wasn't rock bottom, but close enough. How ever long it takes to recover I'm fine with it.

 

[Englewood]

We are 2-3 months away. Once the economic data hits this summer the market will hit the down limit several times...Im thinking 12k.

This stimulus package isn't gonna do much, unfortunately.

 

[Kbach]

I just looked at my 401k for the first time in over a month.
lol shouldn’t have done that.

Ya, for that exact reason I don't plan on looking at mine for quite a while!!!

 

[evantwheeler]

How I love the internet. Everyone is an expert and it is like the blind leading the blind.

Please share your opinion and turn on the lights for us since everyone is so blind and in the dark.

 

[Pesky Varmint]

Please share your opinion and turn on the lights for us since everyone is so blind and in the dark.

In my life I've had plenty of friends and acquaintances with recommendations and ideas on buying selling stock. Everyone of their suggestions are on the huge ash heap of stock trading advice that I have seen in my lifetime.

Here's my personal recommendation: you should get me to buy some of your favorite stock. Once that is done I can make stock go up any time I want. All too often I sell one day, and it goes up the next (all joking aside, during my life I did real well with stock, but not because I was so smart or knew anything. Luck and timing I guess).

Another example: in 2001 I had to make the deposit for my Nordic 35 I still have. I had been trying to drag it along since it would come out of my stocks. One day Nordic said we need your payment so I cashed in the stock and made the payment. Very shortly thereafter, a matter of days, we had the dot com crash. Lucky, not smart (I think I go through life with a devil on one shoulder and angel on the other, that was an angel event).

Lastly, last August I joined a startup that gave me 2600 shares on the premise (mine, not specifically theirs) that when they do the IPO it would swell with value. Last month they announced they will IPO in about a month. So much for that idea. Still work there but wish I didn't, not that great of a job now.

But then, what do I know?

Excuse grammar typos and errors. Too old to give a sh*t.