Stock Market: The Thread

[ten ocho recon scout]

28 minutes ago, True Grich said:

I'm never going to be able to pay for parking at Angels Stadium.

If you have some spare TP lying around....

[T.G.]

Just now, ten ocho recon scout said:

If you have some spare TP lying around....

Can't spare a square.

[ten ocho recon scout]

13 minutes ago, True Grich said:

Can't spare a square.

Too bad... i had a parking pass for a weekday day game against KC with pena on the mound.... could have been you, but looks like Ill be the one parking INSIDE the property line

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

And yes, digging in my butt crack every 7 seconds, and barreling over kids when strike force shoots the free t shirts into the crowd.

Speaking of, Angels front office if youre reading this, if you want a sold out stadium when baseball returns, why not a TP giveaway? Ill take that over a bobblehead right now.

Edited March 16, 2020 by ten ocho recon scout

[yk9001]

When magas defend trump, I just shake my head at the stupidity

 

[St1ck]

29 minutes ago, yk9001 said:

When magas defend trump, I just shake my head at the stupidity

 

2 min ago

Dow tumbles nearly 3,000 points -- worst point drop in history

From CNN Business' Anneken Tappe

It was another ugly day for US stocks. The Dow recorded its worst one-day point drop in history and its worst performance on a percentage basis since October 19, 1987, also known as “Black Monday”.

Stocks fell to session-lows in the final hour of trading, President Donald Trump said the outbreak could last until July or August. The Dow dropped more than 3,000 points at its worst.

• The S&P 500 finished down nearly 12%.
• The Dow closed 2,997 points, or 12.9%, lower.
• The Nasdaq Composite ended down 12.3%.

[Slegnaac]

I was hoping to call it quits in the next couple of years.  Have a fix account to cover 3 years, the rest 50/50 equity/bonds.  Hope things turn around in the next 12 months.

[Lou]

3 hours ago, ten ocho recon scout said:

Didnt want to check, but I did anyway. Oh yeah, my deferred comp is getting killed right now.

Yeah, but it's making Trump look bad.

Congrats!

[fan_since79]

Stock futures hit lock limits up, and the Dow is expected to rise at least 1,000 points tomorrow at the open.

The computers are toying with us. Put the damn humans back in charge, please!

[Lhalo]

Ya that’s pretty crazy. At least it’s positive. 

[fan_since79]

Now it's 900 up tomorrow.

With this crazy volatility it could finish in the red. Nobody knows.

The VIX which is basically a measure of fear, it's at the highest point since 2008.

[yk9001]

I am a cpa who works in the investment industry.  I hear from all the "smart" people, and "experts".  With little exception*, NOBODY was calling this.  Goldman, any of those people.  Never saw it coming.  Never said to get out after the first drop.  "Hold steady, blah blah blah".

 

Same exact thing happened in 2008-9.

 

*Paul Singer, who runs the activist investment fund Elliot Management, has been a bear for years.  Howard Marks, who runs Oaktree Capital, has sung the same tune.

[Make Angels Great Again]

^

You can add Peter Schiff to that list.

[Lhalo]

21 hours ago, Make Angels Great Again said:

^

You can add Peter Schiff to that list.

I’ve been following Peter since 2008. I hope he brings his podcast back but for now I’ll suffice with his Twitter account. 

[Lhalo]

[Tank]

Trade on the NYSE has been suspended. Dropped below 20,000. 
 

For those of you who know better about such things, why was the market still open when businesses worldwide have been closing their doors or altering their services? 

[yk9001]

Dow at pre-trump levels

[gotbeer]

6 minutes ago, Tank said:

Trade on the NYSE has been suspended. Dropped below 20,000. 
 

For those of you who know better about such things, why was the market still open when businesses worldwide have been closing their doors or altering their services? 

I think you just answered your own question.  

[yk9001]

On 3/8/2020 at 12:21 PM, ten ocho recon scout said:

So on a serious note, is this a good time to buy stocks?

That was 24.7% ago

[ten ocho recon scout]

1 hour ago, yk9001 said:

That was 24.7% ago

.... soooo I missed the bubble? Or its an even better time now?

I dont know how any of this works. I assumed the airlines would get bailed out, and that would be a good investment. Am i stupid, or is that whats happening?

[Make Angels Great Again]

4 hours ago, Lhalo said:

I’ve been following Peter since 2008. I hope he brings his podcast back but for now I’ll suffice with his Twitter account. 

New podcast episodes are all over his youtube channel.

 

 

[yk9001]

3 minutes ago, ten ocho recon scout said:

.... soooo I missed the bubble? Or its an even better time now?

I dont know how any of this works. I assumed the airlines would get bailed out, and that would be a good investment. Am i stupid, or is that whats happening?

With all due respect, if you aren't sure whether the stock market is 25% up, or 25% down since that original post, it may not be a good time for you to invest.

Or at a minimum, be taking stock advice from baseball messageboarders.

[ten ocho recon scout]

3 minutes ago, yk9001 said:

With all due respect, if you aren't sure whether the stock market is 25% up, or 25% down since that original post, it may not be a good time for you to invest.

Or at a minimum, be taking stock advice from baseball messageboarders.

Yeah, but what if theyre really smart baseball messageboarders?

I mean hell.... this is also where I come for recipes, and I put that stuff in my body (gross).

[yk9001]

Do you have a brokerage account?

[ten ocho recon scout]

3 hours ago, yk9001 said:

Do you have a brokerage account?

No. 

Guy at work is real into this stuff, tried to get me to set one up a few weeks ago. I figured "ill get to it, let me do my taxes first, then Ill ask more questions"

He made it sound super simple, but he didnt factor in how lazy I am. (Like asking for stock tips on here)

[St1ck]

5 hours ago, Tank said:

Trade on the NYSE has been suspended. Dropped below 20,000. 
 

For those of you who know better about such things, why was the market still open when businesses worldwide have been closing their doors or altering their services? 

Coronavirus: NYSE to temporarily close floor, move to electronic trading
https://www.cnbc.com/2020/03/18/nyse-to-temporarily-close-trading-floor-move-to-electronic-trading-because-of-coronavirus.html