Dave Taylor
Rex kwan Do
Does the it start today? I’m not very optimistic and may be taking the family to my brother’s house in NH soon where he has lots of guns, ammo and food. The world is in unchartered territory if you ask me.
I hear ya. I may go hide up in my Vermont house. Although about the only thing to do there is hiking. Skiing is shut down and mountain bike trails not ready yet. I wish I had some extra cash around for the stock market, should be some great deals in a week or so
You’re correct. I feel like you will see the largest amount of wealth wiped off the face of the earth. All this fake, overleveraged wealth is going to be gone...poof.I remember this one time when two planes crashed directly into the heart of the financial world killing 3000 people...Many people thought WWIII was next....Stock market recovered.
At the end of the day, there will still be plenty of consumers around and when smoke clears, they will want to spend money again.
Our retirement money has time to bounce back. But if they decide to close all non-essential businesses I am fucked. A Spring season with zero sales is not something I think I can recover from.
Surprisingly, this weekend was Spring business as usual. Plenty of people shopping and dropping off repairs. All planning on riding while stuck at home.
This is a bigger concern than the market to me. My IRA will recover in the next 25 years.Our retirement money has time to bounce back. But if they decide to close all non-essential businesses I am fucked. A Spring season with zero sales is not something I think I can recover from.
Surprisingly, this weekend was Spring business as usual. Plenty of people shopping and dropping off repairs. All planning on riding while stuck at home.
I honestly think if businesses don't start shutting down now it'll be a lot worse when it eventually happens. If everyone shut down for a couple weeks maybe we could get ahead of this. If not, I think it'll be months of mandatory shut downs.Our retirement money has time to bounce back. But if they decide to close all non-essential businesses I am fucked. A Spring season with zero sales is not something I think I can recover from.
Surprisingly, this weekend was Spring business as usual. Plenty of people shopping and dropping off repairs. All planning on riding while stuck at home.
LOL I remember everyone on CNBC with the Dow 10,000 hats when it broke through 10,000. Like JP Morgan once said....you buy when there's blood in the streets.European markets have faded even more in last 3 hours. Looking like a historical day. Probably will come back eventually, but how far will it go down first? I had thought somewhere between 15,000 and 20,000 on the Dow, but now it looks like it could blow through 15,000 at some near point.
Those red hats will be coming back soon:
#dow20,000
European markets have faded even more in last 3 hours. Looking like a historical day. Probably will come back eventually, but how far will it go down first? I had thought somewhere between 15,000 and 20,000 on the Dow, but now it looks like it could blow through 15,000 at some near point.
Those red hats will be coming back soon:
#dow20,000
Our retirement money has time to bounce back. But if they decide to close all non-essential businesses I am fucked. A Spring season with zero sales is not something I think I can recover from.
Surprisingly, this weekend was Spring business as usual. Plenty of people shopping and dropping off repairs. All planning on riding while stuck at home.
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no blood yet. When we see 09 lows I may nibbleLOL I remember everyone on CNBC with the Dow 10,000 hats when it broke through 10,000. Like JP Morgan once said....you buy when there's blood in the streets.
no blood yet. When we see 09 lows I may nibble
09 lows? LOLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL There's no way it even gets half way there. Thats 666 on the S&P. Markets have changed since then. There's no where else to park money and greed will kick in eventually.no blood yet. When we see 09 lows I may nibble
09 lows? LOLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL There's no way it even gets half way there. Thats 666 on the S&P. Markets have changed since then. There's no where else to park money and greed will kick in eventually.
2100 on the S&P cash and 19,000 on the DOW.I agree that markets have changed. Bonds are yielding close to zero.
So what is your call on the low?
I will go first: 1,188 on the S&P.
I can believe that I just typed that.
Complete world economical collapse. There. Bold but honest. I think a reset is coming.