Quote (thesnipa @ Mar 19 2020 12:31pm)

if they do a 1k/person stimulus i think we'll see a LOT of people pump that directly into the market via their 401k's. not a lot by %, but a lot overall by number.

makes it kind of funny to read all the hysteria over stock buybacks when u think that many people will do the same on a personal level.

Quote (thundercock @ Mar 19 2020 02:49pm)

I'm not sure what I'm going to spend mine on. My wife is pretty set on donating it to animal shelters but I think it'd be better to help out the local restaurants.

Quote (thundercock @ Mar 19 2020 02:49pm)

I'm not sure what I'm going to spend mine on. My wife is pretty set on donating it to animal shelters but I think it'd be better to help out the local restaurants.

Quote (dro94 @ 1 Mar 2020 12:18)

thank you my friend! hope we both make a lot of money!



China's infection and death count is probably accurate. The only reason we doubted it in the first place was because of a change in diagnosis criteria which led to a spike in infections, but was later reversed, resulting in a decrease in infections.

In countries like Iran the disease will be rampant for sure because they're leaving it unchecked, but from an investing perspective nobody gives two fucks about Iran. The economies with the power to cause a recession or recovery are the US, China, the Eurozone and maybe Japan.

Quote (Saucisson6000 @ Mar 19 2020 09:14pm)

You feel it better now ? how deep ?

Quote

People, do not panic. Remember: this is a dip, not a crash.

A crash could happen if the Coronavirus spreads to the extent where economic activity will be seriously affected, and it's anyone's guess whether that will happen or not. On the one hand, new infections in China have stabilised which show the virus can be contained, however we need to see what happens in Europe (particularly the spread from Italy into France and Austria), as well as the US.

Attempting to time the market is more risky than holding tight in most cases. This might be slightly hypocritical coming from a guy who's certainly going to buy a load of stocks in the event of a further drop of 20-30% but at that point you can reason the markets have pretty much bottomed out.

Quote (dro94 @ Mar 19 2020 05:25pm)

Hold on, what did I say that was wrong?



Maybe the very last part about bottoming out. We'll see whether this is the bottom or not soon. I stand by everything else.

Quote (dro94 @ Mar 19 2020 05:10pm)

If i got 1k from the government I'd long obsient's shorts until I was a gazillionaire

Quote (ofthevoid @ Mar 19 2020 05:18pm)

At this point it's starting to look like a crash. Jobless claims going through the roof, businesses shutting down for probably a few months, credit markets seizing up, bond prices crashing, whole industries saying they need gov't help or they'll go belly up and so on. At this point it's hard not see how we don't get negative growth in the states at least for two periods.

Quote (Thor123422 @ Mar 19 2020 07:37pm)

So what you're saying is that we again have Republican president crashing the economy