Market testing the lows from Oct

logan_140
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logan_140 3/11/2020 6:52pm
3/11/2020 6:52pm
Guess we should just assume tomorrow is gonna be a really bad day for the market
1
smashingpumpkins167 3/11/2020 7:15pm
3/11/2020 7:15pm
logan_140 wrote:
Guess we should just assume tomorrow is gonna be a really bad day for the market
Just gonna sit here making money to invest when it hits rock bottom
bsm121
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bsm121 3/11/2020 7:16pm
3/11/2020 7:16pm
logan_140 wrote:
Guess we should just assume tomorrow is gonna be a really bad day for the market
smashingpumpkins167 wrote:
Just gonna sit here making money to invest when it hits rock bottom
In what?
mikec265
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mikec265 3/11/2020 7:40pm
3/11/2020 7:40pm
I'm just wondering how big these discounts are going to get.

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logan_140
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logan_140 3/11/2020 8:15pm
3/11/2020 8:15pm
mikec265 wrote:
I'm just wondering how big these discounts are going to get.
My buddy told me he could see it going to half of what it has done since 2009. He knows a good bit. But if China doesn’t start exporting shit it could melt down.
logan_140
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logan_140 3/11/2020 8:16pm
3/11/2020 8:16pm
logan_140 wrote:
Guess we should just assume tomorrow is gonna be a really bad day for the market
smashingpumpkins167 wrote:
Just gonna sit here making money to invest when it hits rock bottom
bsm121 wrote:
In what?
Gimme Tesla for 200 a share please.. ahha I wish... Cruise lines seem like it would be a good investment,airlines too. they are gonna tank
tcannon521 3/12/2020 3:26am
3/12/2020 3:26am
I have a feeling we will see the market get suspended today. It’s going to be a rough day I’m afraid.
kongols
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kongols 3/12/2020 4:51am
3/12/2020 4:51am
tcannon521 wrote:
I have a feeling we will see the market get suspended today. It’s going to be a rough day I’m afraid.
It sure does not look good.
TXDirt
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TXDirt 3/12/2020 5:59am
3/12/2020 5:59am
Circuit breakers already triggered.
borg
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borg 3/12/2020 6:06am
3/12/2020 6:06am
Market is not open yet. The only thing triggered was the 5% max on futures.
kongols
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kongols 3/12/2020 6:41am
3/12/2020 6:41am
Trading halted. Mayhem.
logan_140
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logan_140 3/12/2020 6:43am
3/12/2020 6:43am Edited Date/Time 3/12/2020 6:44am
Meanwhile I’m gonna load up on XRP. .14 a coin now.. has hit rock bottom. Super low risk, vs very very high reward
smashingpumpkins167 3/12/2020 7:51am
3/12/2020 7:51am
logan_140 wrote:
Guess we should just assume tomorrow is gonna be a really bad day for the market
smashingpumpkins167 wrote:
Just gonna sit here making money to invest when it hits rock bottom
bsm121 wrote:
In what?
I like Boeing. They have lost a lot and they get big government contracts so I doubt they are going to go anywhere.
XXVoid MainXX
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XXVoid MainXX 3/12/2020 8:45am
3/12/2020 8:45am
I have several friends who work for Boeing (on the fighter jet side) and they said things are getting pretty bad. I actually sold all my Boeing stock a month or two ago seeing that it was most likely going to tank soon (not based on anything my friends told me, just based on public information). Another interesting tidbit is that as of Yesterday TSLA passed them up in market cap as the highest valued company in the sector:

https://finance.yahoo.com/news/tesla-closes-200-billion-gap-152735099.h…
early
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early 3/12/2020 9:40am
3/12/2020 9:40am
I'm sure the markets will be totally cool with this for the next week

early
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early 3/12/2020 10:39am
3/12/2020 10:39am
Well, this is a better look.

kongols
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kongols 3/12/2020 11:14am
3/12/2020 11:14am
Feds are gonna pump 1 trilion in to markets.
kongols
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kongols 3/12/2020 11:44am
3/12/2020 11:44am
Make it 1.5 trilion. That`s like getting a new credit card to cover other creditcard debt. Looks like all the bubbles have burst at the same time.
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borg
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borg 3/12/2020 12:17pm
3/12/2020 12:17pm
Keep your eye on the S&P close on Dec 17,2018 at 2416. If it crashes down below that, we're headed back to 2016.
This is the problem with auto selling and stop losses. I cannot imagine why anybody would be selling at this level. Don't ask me why I know about panic selling.
factoryfatty
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factoryfatty 3/12/2020 12:25pm
3/12/2020 12:25pm
kongols wrote:
Make it 1.5 trilion. That`s like getting a new credit card to cover other creditcard debt. Looks like all the bubbles have burst at the same...
Make it 1.5 trilion. That`s like getting a new credit card to cover other creditcard debt. Looks like all the bubbles have burst at the same time.
They're on a mission to turn fiat into confetti.
borg
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borg 3/12/2020 12:30pm
3/12/2020 12:30pm
I'm watching these Wall St pukes on CNBC begging the government to jump in and help them. Fuck you. I thought you loved all this deregulation.
3
factoryfatty
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factoryfatty 3/12/2020 12:31pm
3/12/2020 12:31pm
borg wrote:
I'm watching these Wall St pukes on CNBC begging the government to jump in and help them. Fuck you. I thought you loved all this deregulation.
They're QE addicts.

Bubble addicts
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kongols
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kongols 3/12/2020 1:11pm
3/12/2020 1:11pm
borg wrote:
Keep your eye on the S&P close on Dec 17,2018 at 2416. If it crashes down below that, we're headed back to 2016. This is the...
Keep your eye on the S&P close on Dec 17,2018 at 2416. If it crashes down below that, we're headed back to 2016.
This is the problem with auto selling and stop losses. I cannot imagine why anybody would be selling at this level. Don't ask me why I know about panic selling.
It is aweful close to that.
borg
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borg 3/12/2020 1:19pm
3/12/2020 1:19pm
borg wrote:
Keep your eye on the S&P close on Dec 17,2018 at 2416. If it crashes down below that, we're headed back to 2016. This is the...
Keep your eye on the S&P close on Dec 17,2018 at 2416. If it crashes down below that, we're headed back to 2016.
This is the problem with auto selling and stop losses. I cannot imagine why anybody would be selling at this level. Don't ask me why I know about panic selling.
kongols wrote:
It is aweful close to that.
It did hold though. If I'm right, it will bounce up and down for awhile but will not close below that support point. If I was still in my earning years I would be backing up the truck.
az2u
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az2u 3/12/2020 4:30pm
3/12/2020 4:30pm
DocuSign ( DOCU )
Reported strong earnings today and forecast.
Black Diesel Bomber 3/12/2020 11:01pm
3/12/2020 11:01pm
It's Friday the 13th tomorrow....will we see a Black Friday the 13th? Down another 2k or dead cat bounce?
kongols
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kongols 3/13/2020 1:21am
3/13/2020 1:21am
borg wrote:
Keep your eye on the S&P close on Dec 17,2018 at 2416. If it crashes down below that, we're headed back to 2016. This is the...
Keep your eye on the S&P close on Dec 17,2018 at 2416. If it crashes down below that, we're headed back to 2016.
This is the problem with auto selling and stop losses. I cannot imagine why anybody would be selling at this level. Don't ask me why I know about panic selling.
kongols wrote:
It is aweful close to that.
borg wrote:
It did hold though. If I'm right, it will bounce up and down for awhile but will not close below that support point. If I was...
It did hold though. If I'm right, it will bounce up and down for awhile but will not close below that support point. If I was still in my earning years I would be backing up the truck.
You sure do know your stuff. It`s bouncing.
1
500guy
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500guy 3/13/2020 8:44am
3/13/2020 8:44am
S&P500 and DOW what's a price to get back in at?

I've got 10 years to retirement or more so I don't mind waiting for it to come back.
Black Diesel Bomber 3/13/2020 9:04am
3/13/2020 9:04am
500guy wrote:
S&P500 and DOW what's a price to get back in at? I've got 10 years to retirement or more so I don't mind waiting for it...
S&P500 and DOW what's a price to get back in at?

I've got 10 years to retirement or more so I don't mind waiting for it to come back.
It's hard to predict the bottom, but if you look at this chart and agree the red line is inserted close to the average then you will see that DOW 20K is where we would be normally without a bubble. With that said a big correction equivalent to current Covid fear conditions would mean DOW 15-16K'ish should be close to the bottom, but I'm not sure it will get down that far before some sort of stimulus is put in place. People think we are experiencing a crash, but no, it's just an inflated bubble bursting right now. Money is flowing in the market right now but I think we'll see more downside in the next couple weeks after a spike up upon a stimulus announcement. Even if you buy in at current levels and hold for 10 years you will do fine:






500guy
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500guy 3/13/2020 9:29am
3/13/2020 9:29am
Thanks for the info makes sense. I don't think we have seen the last of the panic I'm going to wait a bit and see what things do before buying.

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