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NFT: The Dow is down 2000 points over the past two days....

lawguy9801 : 2/25/2020 2:41 pm
....over the glorified flu.

Get ready to buy if you have cash assets available. This is slightly ridiculous.
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Is it slightly ridiculous?  
jcn56 : 2/25/2020 2:45 pm : link
One could have argued that the markets were overdue for a correction before the world's largest manufacturer decided to close up shop for a quarter.
Glorified flu?  
DonQuixote : 2/25/2020 2:46 pm : link
In Italy, one of Europe’s largest economies, officials are struggling to prevent the epidemic from paralyzing the commercial center of Milan. And in New York, London and Tokyo, financial markets plummeted Monday and Tuesday on fears that the virus will cripple the global economy.

Dr. Messonnier said that she had sat down with her children and told them, “we as a family need to preparing for significant disruption of our lives.”
Lonk - ( New Window )
People were just waiting for a reason to correct, and here it is  
PatersonPlank : 2/25/2020 2:48 pm : link
After a little of this valuations will be lower, and it will be time to re-start the climb up. I agree buying time is near
have a ton of cash can move over from reits  
MM_in_NYC : 2/25/2020 2:48 pm : link
and been thinking of this same thing.

what indications are you using to judge when to pull trigger?
Great opportunity! 🤑🤑  
charlito : 2/25/2020 2:49 pm : link
Looking for the dow to go down to atleast 24k.
It's 1500 points and  
section125 : 2/25/2020 2:51 pm : link
what jcn said. People are rushing to take profits and Corona Virus is the excuse. And yes many mfgs are shut down.

Going to make some people a lot of money buying some stocks at reduced prices....

This is what happens when investors have their computers set up for automatic sales...

Once this passes - and it will -  
Stan in LA : 2/25/2020 2:51 pm : link
Some people will make a killing in the market while the Nervous Nellies of the world will be left holding the bag.
Didn't it drop like this just a few months ago..  
BillKo : 2/25/2020 2:53 pm : link
...only to rebound?
RE: Didn't it drop like this just a few months ago..  
section125 : 2/25/2020 2:56 pm : link
In comment 14818709 BillKo said:
Quote:
...only to rebound?


Not quite this far or as quickly..but yeah.
RE: Is it slightly ridiculous?  
lawguy9801 : 2/25/2020 3:04 pm : link
In comment 14818698 jcn56 said:
Quote:
One could have argued that the markets were overdue for a correction before the world's largest manufacturer decided to close up shop for a quarter.


I agree to an extent and that many are looking at this as an opportunity to take profits.....but it's been borderline panic selling today, which simply isn't warranted when you look at the big picture and our experience with SARS and other similar (or even deadlier) outbreaks.
Not just coronavirus.  
Mendenhall : 2/25/2020 3:09 pm : link
We have a Bernie problem too.
RE: Not just coronavirus.  
Oscar : 2/25/2020 3:13 pm : link
In comment 14818724 Mendenhall said:
Quote:
We have a Bernie problem too.


Lol.
Still priced high overall  
Heisenberg : 2/25/2020 3:13 pm : link
historically speaking. Wouldn't count on the bottom just yet. There's gonna be supply chain uncertainty for a while and then folks may decide to start to price in some Brexit uncertainty too.

Lastly, there's a long run of expansion super heated by some deficit spending. I'm still kinda bearish.
RE: Not just coronavirus.  
Mike in NY : 2/25/2020 3:16 pm : link
In comment 14818724 Mendenhall said:
Quote:
We have a Bernie problem too.


Not to get into politics, but I think that is overblown because polls are not indicating that he is capable of winning in November and the Senate is unlikely to flip which means any policy ideas are DOA. I am already discussing with my investment guy what to do as of my assets he is holding about 30% is not invested in anything because I contemplate too much.
RE: Not just coronavirus.  
BMac : 2/25/2020 3:17 pm : link
In comment 14818724 Mendenhall said:
Quote:
We have a Bernie problem too.


Really? Looking to follow Googs out the door?
Bought some exxon, royal carribean, nvidia  
Payasdaddy : 2/25/2020 3:21 pm : link
may pick up more apple soon
Just buying good companies that will come back at some point
RE: Not just coronavirus.  
SFGFNCGiantsFan : 2/25/2020 3:22 pm : link
In comment 14818724 Mendenhall said:
Quote:
We have a Bernie problem too.


Adios comrade.
The buying opportunity will happen...  
BamaBlue : 2/25/2020 3:26 pm : link
but, WHEN? After yesterday, I was pretty certain this was a couple of days typical knee jerk. Today, not so sure...
Not making a political statement.  
Mendenhall : 2/25/2020 3:27 pm : link
It's a concern in the market particularly in health care sector.
Unfortunately...  
bw in dc : 2/25/2020 3:27 pm : link
I think we're still a ways from the "Coronavirus bottom".

I could see the Dow dropping to 25K with all of the uncertainty. There are some serious economic disruptions here, and we've only hit the surface.

Further, the WHO/CDC/all of the major health institutes do not have their arms round this yet.

lawguy  
Bill2 : 2/25/2020 3:27 pm : link
Id be more careful about the length and depth of a correction.

Several years of zero interest rate is a lot of global mal investment and stock buy backs on top of rotting fundamentals that cant really be out run forever.

Yes its an excuse to cash out gains. Its also true that there is a lot of rot in this latest asset bubble blown for the benefit of elites

RE: Bought some exxon, royal carribean, nvidia  
section125 : 2/25/2020 3:31 pm : link
In comment 14818752 Payasdaddy said:
Quote:
may pick up more apple soon
Just buying good companies that will come back at some point


Talked to my guy about Apple and he says it is still over priced even though it is down $30...
RE: lawguy  
lawguy9801 : 2/25/2020 3:32 pm : link
In comment 14818763 Bill2 said:
Quote:
Id be more careful about the length and depth of a correction.

Several years of zero interest rate is a lot of global mal investment and stock buy backs on top of rotting fundamentals that cant really be out run forever.

Yes its an excuse to cash out gains. Its also true that there is a lot of rot in this latest asset bubble blown for the benefit of elites


I hear you, but rates aren't going up anytime soon based on what the Fed has said. In fact, if anything, if coronavirus causes an economic slowdown they may go lower still.
yep  
Bill2 : 2/25/2020 3:38 pm : link
when rates are this low this long there is no reason for corporations to invest to gain advantage...hence...stasis
The Coronavirus  
rocco8112 : 2/25/2020 3:39 pm : link
is the biggest event of our lifetimes. There will be the world before the virus, and the world after.

The virus is out spreading throughout the world. It has proven to be highly contagious. Humans are a virgin population for it. It causes at least 10 percent to need medical intervention. Let that number sink in. The US healthcare system, which has been bolstered in no way over the past few weeks, will collapse in two weeks when inundated with thousands of people suffering from pneumonia. Then, after that the health care workers will get sick themselves. It will collapse in cities with frightening speed. There will be triage of those dying. Who gets the care?


China, shut down their country to try and stop it. The stock markets is down because the second largest economy in the world has shut down. The Chinese took draconian measures to quarantine. They did not do this and risk their economy for the flu. They did it because it is ravaging their people and spreading. No one knows the truth of what is happening in Wuhan and China due to their modern day Internet Berlin Wall. Any numbers from China regarding this virus should be multipled. The CCP did admit they made errors to their people. This fact actually scares me more than anything else, for them to admit fault means they are scared shitless.

The virus is now in South Korea one thousand cases strong. It is in Italy and spreading throughout Europe. It is all over Iran, and no one even knew. Their own health minister has it, an MP from the capital has it, the religious sites in Qom and other pilgramige areas are still open. It is in Iraq, it is in Afghanistan.

It is a fucking pandemic.

Then there is our country, the USA,what a fucking joke. We can't even test for the virus on a mass scale here. The CDC tests were fucking faulty. There is a near certain chance the virus is already spreading locally and we dont even know why because the CDC is apparently incompetent. This is a big fucking problem that has been obvious for days and today there is a Washington Post article. Very soon this virus will start popping up all over the country.

The virus is in control now. Hopefully everyone is still talking Giants football in a few months, but I think this is the big one. DOW down 2000 two days? Hopefully that will be our biggest problem.



$100 says.............  
DCOrange : 2/25/2020 3:41 pm : link
Half the stock market geniuses on this thread jumped in yesterday thinking it was a buy.

Another $100 says the other half will claim getting in within 0.5% of the bottom when it occurs.
Rocco...  
SFGFNCGiantsFan : 2/25/2020 3:42 pm : link
You really got to step away from the ledge man. Might it be bad? Yes. But you're talking about a Walking Dead like world before long.
Just not seeing apple overpriced  
Payasdaddy : 2/25/2020 3:45 pm : link
sure in can go down another 10-20% but the demand will just be delayed
5G coming up, services doing real well, watch and air pods killing it
If it goes to 260-270, you just buy it and hold its p/e isnt really that high at all compared to others
RE: The Coronavirus  
KDavies : 2/25/2020 3:46 pm : link
In comment 14818790 rocco8112 said:
Quote:
is the biggest event of our lifetimes. There will be the world before the virus, and the world after.

The virus is out spreading throughout the world. It has proven to be highly contagious. Humans are a virgin population for it. It causes at least 10 percent to need medical intervention. Let that number sink in. The US healthcare system, which has been bolstered in no way over the past few weeks, will collapse in two weeks when inundated with thousands of people suffering from pneumonia. Then, after that the health care workers will get sick themselves. It will collapse in cities with frightening speed. There will be triage of those dying. Who gets the care?


China, shut down their country to try and stop it. The stock markets is down because the second largest economy in the world has shut down. The Chinese took draconian measures to quarantine. They did not do this and risk their economy for the flu. They did it because it is ravaging their people and spreading. No one knows the truth of what is happening in Wuhan and China due to their modern day Internet Berlin Wall. Any numbers from China regarding this virus should be multipled. The CCP did admit they made errors to their people. This fact actually scares me more than anything else, for them to admit fault means they are scared shitless.

The virus is now in South Korea one thousand cases strong. It is in Italy and spreading throughout Europe. It is all over Iran, and no one even knew. Their own health minister has it, an MP from the capital has it, the religious sites in Qom and other pilgramige areas are still open. It is in Iraq, it is in Afghanistan.

It is a fucking pandemic.

Then there is our country, the USA,what a fucking joke. We can't even test for the virus on a mass scale here. The CDC tests were fucking faulty. There is a near certain chance the virus is already spreading locally and we dont even know why because the CDC is apparently incompetent. This is a big fucking problem that has been obvious for days and today there is a Washington Post article. Very soon this virus will start popping up all over the country.

The virus is in control now. Hopefully everyone is still talking Giants football in a few months, but I think this is the big one. DOW down 2000 two days? Hopefully that will be our biggest problem.




There are 57 confirmed cases in the US so far. It is something to take seriously, but this is going a bit overboard. Remember the SARS panic? Y2K?
re: virus  
Payasdaddy : 2/25/2020 3:47 pm : link
from what I understand most of the people dying are older people with other issues

probably a 99% survival rate here in US if you are between 15-65
Not to minimize but this isnt ebola
i'm booking my trip to Italy  
cjac : 2/25/2020 3:48 pm : link
in the early fall this week.

gonna get a great deal
...  
SFGFNCGiantsFan : 2/25/2020 3:49 pm : link
'The virus is in control now. Hopefully everyone is still talking Giants football in a few months...'

If we listened to you, we might as well just jump in the coffin right now.
"The virus is in control now"  
Giants in 07 : 2/25/2020 3:49 pm : link
LOL
RE: Rocco...  
Motley Two : 2/25/2020 3:49 pm : link
In comment 14818795 SFGFNCGiantsFan said:
Quote:
You really got to step away from the ledge man. Might it be bad? Yes. But you're talking about a Walking Dead like world before long.


I can't fucking wait!

-Aubrey Huff (probably)
Rocco is like the dedicated CV hype man  
Oscar : 2/25/2020 3:50 pm : link
This is the most dominant virus of all time! Unlimited reach, impregnable defense, undetectable by any technology known to man. Undefeated, undisputed, greatest virus in the world!!

we have italy trip booked early May  
Payasdaddy : 2/25/2020 3:50 pm : link
we have travel guard, thank god. will make a decision a couple weeks prior to see where it is at. Wife disappointed but not looking to waste 7k with half the country under lockdown etc
RE: re: virus  
GiantEgo : 2/25/2020 3:53 pm : link
In comment 14818808 Payasdaddy said:
Quote:
from what I understand most of the people dying are older people with other issues

probably a 99% survival rate here in US if you are between 15-65
Not to minimize but this isnt ebola


You are actually proud of being stupid aren't you? along with most of the ignorant fuckheads on this thread.
RE: we have italy trip booked early May  
section125 : 2/25/2020 3:54 pm : link
In comment 14818818 Payasdaddy said:
Quote:
we have travel guard, thank god. will make a decision a couple weeks prior to see where it is at. Wife disappointed but not looking to waste 7k with half the country under lockdown etc


I have Amsterdam, Brussels, Paris and London in mid March...Need to stay out of the Louvre with all the Asians pushing their way past to get closer to the art...
RE: Rocco is like the dedicated CV hype man  
rocco8112 : 2/25/2020 4:00 pm : link
In comment 14818817 Oscar said:
Quote:
This is the most dominant virus of all time! Unlimited reach, impregnable defense, undetectable by any technology known to man. Undefeated, undisputed, greatest virus in the world!!


Talk me out of it, please do, I know you have only my word to go on, but I am not a panic type of guy.

This shit though, I have to be honest I am worried I just am seeing a lot of unprecedented things happening around this virus.
RE: re: virus  
lawguy9801 : 2/25/2020 4:02 pm : link
In comment 14818808 Payasdaddy said:
Quote:
from what I understand most of the people dying are older people with other issues

probably a 99% survival rate here in US if you are between 15-65
Not to minimize but this isnt ebola


Mortality rate is 2%. For the flu, it's 1%.

I agree....we absolutely need to take it seriously, but there will be a vaccine, treatments will get better, and people will not be dying in the streets. Long term, we will be fine, and later this year we'll be saying "Coronavirus, what was that? Oh yeah..."
RE: ...  
rocco8112 : 2/25/2020 4:03 pm : link
In comment 14818812 SFGFNCGiantsFan said:
Quote:
'The virus is in control now. Hopefully everyone is still talking Giants football in a few months...'

If we listened to you, we might as well just jump in the coffin right now.


No, we have to adapt and survive, like in other trials of humanity throughout history. We have all been living high on the hog in this country in our life times. When was the last time you and all your neighbors were under quarantine?

It is going to be unprecedented in all our lives when NYC is on lockdown. I just think there are a lot of unknowns and a lot of ways this goes very side ways for society.
Rocco.  
SFGFNCGiantsFan : 2/25/2020 4:05 pm : link
You really think NYC is going to be on lockdown sometime soon because of this?
The real question...  
BamaBlue : 2/25/2020 4:10 pm : link
is how the current virus mutates. It's not ridiculous to be concerned, but at this point there is not a lot (other than normal flu precautions) that can be done.

The real horror is if this virus, or it's more lethal mutation gets into the indigent populations in cities like Los Angeles. It that happens, the mortality rate will be exponential and virus will be very difficult to contain.
RE: Rocco is like the dedicated CV hype man  
rocco8112 : 2/25/2020 4:10 pm : link
In comment 14818817 Oscar said:
Quote:
This is the most dominant virus of all time! Unlimited reach, impregnable defense, undetectable by any technology known to man. Undefeated, undisputed, greatest virus in the world!!


haha

These events are deeply concerning to me. Maybe I am nuts. Hopefully the hype is unwarranted

RE: RE: re: virus  
bw in dc : 2/25/2020 4:11 pm : link
In comment 14818831 lawguy9801 said:
Quote:
In comment 14818808 Payasdaddy said:


Quote:


from what I understand most of the people dying are older people with other issues

probably a 99% survival rate here in US if you are between 15-65
Not to minimize but this isnt ebola



Mortality rate is 2%. For the flu, it's 1%.

I agree....we absolutely need to take it seriously, but there will be a vaccine, treatments will get better, and people will not be dying in the streets. Long term, we will be fine, and later this year we'll be saying "Coronavirus, what was that? Oh yeah..."


Isn't flu .01%?
as far as today  
Payasdaddy : 2/25/2020 4:12 pm : link
its hasnt been a mutating type virus yet
at least what wifey has seen on the front lines
but that is of course subject to change
RE: Rocco.  
rocco8112 : 2/25/2020 4:12 pm : link
In comment 14818837 SFGFNCGiantsFan said:
Quote:
You really think NYC is going to be on lockdown sometime soon because of this?


Hope not, but if this thing goes bananas in South Korea, or bananas in Italy, why would it not tear through NYC?
and how is this stupid?  
Payasdaddy : 2/25/2020 4:15 pm : link
Its the truth
dont count older infirmed already people and its probably 1%

You know something we dont?

from what I understand most of the people dying are older people with other issues

probably a 99% survival rate here in US if you are between 15-65
Not to minimize but this isnt ebola


"You are actually proud of being stupid aren't you? along with most of the ignorant fuckheads on this thread."
Putting aside the coronavirus, is the market still overpriced now  
Ira : 2/25/2020 4:15 pm : link
?
and how is this stupid?  
Payasdaddy : 2/25/2020 4:16 pm : link
Its the truth
dont count older infirmed already people and its probably 1%

You know something we dont?

from what I understand most of the people dying are older people with other issues

probably a 99% survival rate here in US if you are between 15-65
Not to minimize but this isnt ebola


"You are actually proud of being stupid aren't you? along with most of the ignorant f&ckheads on this thread."
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