Market testing the lows from Oct

kongols
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kongols 2/24/2020 9:59am
2/24/2020 9:59am
Oh boy, here we go. Brace for it. Good thing is I don`t have any debt whatsoever. Not even car lease. I work in logistics and I feel with my spine we gonna get hit hard. Oh well...
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brlatm
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brlatm 2/24/2020 2:56pm
2/24/2020 2:56pm
AHRMA361 wrote:
Some of our supplying plants in China still have not yet restarted after CNY due to the impact of the coronavirus. The markets are going to...
Some of our supplying plants in China still have not yet restarted after CNY due to the impact of the coronavirus.

The markets are going to waver even more in the future as disruptions throughout the supply chain continue to hamper production.
Most of my suppliers are all just sitting at home emailing me, they are not sure when they will go back either. There are a few that have, and now after CNY and the Virus, they say they have a huge backlog.
colintrax
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colintrax 2/24/2020 4:14pm
2/24/2020 4:14pm
Good time to buy puts Cool
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XXVoid MainXX
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XXVoid MainXX 2/25/2020 1:28pm
2/25/2020 1:28pm
Black Swan event?
kongols
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kongols 2/25/2020 1:36pm
2/25/2020 1:36pm
XXVoid MainXX wrote:
Black Swan event?
Nah, any sane person knew it`s coming. Just nobody knew what a trigger will be. Now we know. Bubble has bursted.
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kongols
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kongols 2/25/2020 1:39pm
2/25/2020 1:39pm Edited Date/Time 2/25/2020 1:40pm
2000 points in two days. If it loses 2k more, we`re in deep poopoo.

(I wanted to edit grammar mistake and accidentally deleted this post.)
XXVoid MainXX
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XXVoid MainXX 2/26/2020 7:21am
2/26/2020 7:21am
Seeing a little bit of green this morning. Hoping that's a good sign.
XXVoid MainXX
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XXVoid MainXX 2/26/2020 10:47am
2/26/2020 10:47am
Maybe have spoke too soon. Sad
kongols
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kongols 2/26/2020 11:52am
2/26/2020 11:52am
Shit, in a red for a third straight day...
kongols
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kongols 2/27/2020 5:57am
2/27/2020 5:57am
Down we go, still...
XXVoid MainXX
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XXVoid MainXX 2/27/2020 6:08am
2/27/2020 6:08am
This could be a big one. Jack Rickard moved all his stock over to cash on Monday. Smart dude.
FLmxer
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FLmxer 2/27/2020 7:59am
2/27/2020 7:59am
I wish I would of.
smashingpumpkins167 2/27/2020 8:17am
2/27/2020 8:17am
Well, I guess I'll hold onto my cash until the corona virus goes away. Crazy that all it takes is media coverage for all this kind of money to be lost.
XXVoid MainXX
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XXVoid MainXX 2/27/2020 9:11am
2/27/2020 9:11am Edited Date/Time 2/27/2020 9:11am
It's obviously too late to sell everything now but just have to believe it will eventually all come back. Would be a GREAT time to buy if you have extra cash laying around (wish I did).
AHRMA361 2/27/2020 12:13pm
2/27/2020 12:13pm
"The only function of economic forecasting is to make astrology look respectable."

John K. Galbraith

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XXVoid MainXX
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XXVoid MainXX 2/27/2020 12:59pm
2/27/2020 12:59pm
Well, I did make a few trades and got my TSLA back up to 150 shares but it's still going down.
XXVoid MainXX
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XXVoid MainXX 2/27/2020 1:10pm
2/27/2020 1:10pm
Isn't this the point when one of you guys are supposed to come in here and say "don't panic"?
factoryfatty
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factoryfatty 2/27/2020 1:16pm
2/27/2020 1:16pm
kongols wrote:
Call me stupid, but explain to me how does it work. Markets are solely driven on consumer spending now. Manufacturing is down big time. After tax...
Call me stupid, but explain to me how does it work. Markets are solely driven on consumer spending now. Manufacturing is down big time. After tax cuts budget deficit went up big time. Feds injecting trilions of dolars in to markets- more than in crisis dozen years ago. Basically USA is spending money they don`t have to keep markets up. How is this sustainable?
factoryfatty wrote:
It's called a blow off top.

They can be pretty intense.
Just going to leave this here.
tcannon521 2/27/2020 1:25pm
2/27/2020 1:25pm
kongols wrote:
Call me stupid, but explain to me how does it work. Markets are solely driven on consumer spending now. Manufacturing is down big time. After tax...
Call me stupid, but explain to me how does it work. Markets are solely driven on consumer spending now. Manufacturing is down big time. After tax cuts budget deficit went up big time. Feds injecting trilions of dolars in to markets- more than in crisis dozen years ago. Basically USA is spending money they don`t have to keep markets up. How is this sustainable?
factoryfatty wrote:
It's called a blow off top.

They can be pretty intense.
factoryfatty wrote:
Just going to leave this here.
While I'll mostly agree with you, this in my opinion isn't what is driving this dive.
kongols
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kongols 2/27/2020 1:37pm
2/27/2020 1:37pm
Wow, 1200 points in one day...
XXVoid MainXX
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XXVoid MainXX 2/27/2020 1:48pm
2/27/2020 1:48pm
I might have to go take out a loan so I can pick up some bargains. Smile
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FLmxer
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FLmxer 2/27/2020 1:58pm
2/27/2020 1:58pm Edited Date/Time 2/27/2020 1:59pm
That's what I am trying to look for. Find some bargains that will stabilize soon after life stabilizes. 😷😪
Good chance to lower some cost basis.
factoryfatty
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factoryfatty 2/27/2020 2:05pm
2/27/2020 2:05pm
Just can't step away from the slot machine.

FLmxer
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FLmxer 2/27/2020 2:30pm
2/27/2020 2:30pm
It will continue as it always has after every single recession or hiccup it recovers to record highs soon after. Business makes the world go round and have to keep on keeping on. This is bargain shopping or an opportunity to get in at reasonable prices. There is tons of work and money to be made for all as proven even if some said there wasnt. Glad most didnt fall for that. This virus was not considered in the growth and definitely going to take the markets to very low numbers but it will recover to some level before long.

factoryfatty
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factoryfatty 2/27/2020 2:55pm
2/27/2020 2:55pm
Found a chart of the value of the dollar over the same time period.

Correlation?


borg
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borg 2/27/2020 6:03pm
2/27/2020 6:03pm
XXVoid MainXX wrote:
I might have to go take out a loan so I can pick up some bargains. Smile
I hope you took some profits on TSLA while it was in LA LA land.

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