Originally Posted by wutamess:
So I can buy back in if it goes down. IF. If it goes up, I'll buy back in. either way, I think it's going to go down much more with the number of deaths climbing and more companies putting out guidance misses.
Hopefully I"m right going against conventional wisdom.
We’ve been through several presidents in both parties, several outbreak scares, a bunch of wars and a real impeachment and the market has done nothing but go up.
Yep, I'm just closing my eyes and fingers in ears. Riding this through. Today was the largest gain in one day in the history of the stock market. This virus is nationwide right now. It's just another flu being sensationalized by the media.
The stock market will come roaring back. After all it's driven by greedy people wanting to make shit loads of money. Like us.:-) [Reply]
Originally Posted by RunKC:
We’ve been through several presidents in both parties, several outbreak scares, a bunch of wars and a real impeachment and the market has done nothing but go up.
Originally Posted by wutamess:
So I can buy back in if it goes down. IF. If it goes up, I'll buy back in. either way, I think it's going to go down much more with the number of deaths climbing and more companies putting out guidance misses.
Hopefully I"m right going against conventional wisdom.
And you can possibly and most likely miss some of the biggest market moving days which will effectively cut your returns in half. You need to do some research about how a few days missed in the market impact your returns in a massive way.
This is all temporary and unless you get lucky you will miss the bottom and you very well may have sold at the bottom. [Reply]
Originally Posted by wutamess:
I agree. We'll see.
Dude, you missed at getting 5% back today. You sold at the worst time, when it was going down. Wanting to get out or trim back is fine but at least do it on an up day.
The market will have some more down days. We may have hit bottom, we may have not. I'd start buying back in on down days and hope you don't miss out.
A lot of people sold out at the end of 2018 only to find out they sold at the bottom because the Fed reversed course and the market pretty much v-bottomed not leaving much room to buy back in without missing out on some key days. [Reply]
Originally Posted by Hog's Gone Fishin:
Yep, I'm just closing my eyes and fingers in ears. Riding this through. Today was the largest gain in one day in the history of the stock market. This virus is nationwide right now. It's just another flu being sensationalized by the media.
The stock market will come roaring back. After all it's driven by greedy people wanting to make shit loads of money. Like us.:-)