Got cash waiting.
Biggest crash in stock market history?
- Thread starter Dave Taylor
- Start date
Fat Trout
Well-Known Member
Even it it doesnt get substantially worse....negative covid news will do it alone nevermind the election stuff and even the latest riots in philly. March showed us the lemmings are willing to follow each other off the cliff. I got money stuck in march but am better positioned now so we'll see.
THATmanMANNY
Well-Known Member
the shit one could have done in March damn man, 10x your net worth on them "pandemic stocks"
Bring it on! BUT I don't think that will happen. Big pull back sure, but that's always going to happen. Up up and away!
Bring it on! BUT I don't think that will happen. Big pull back sure, but that's always going to happen. Up up and away!
rick81721
Lothar
Short-termers, wait until November 4 (assuming election called). Assuming Biden wins, market will go down for a few days - like it did when Trump won in 2016. Then will recover. When covid relief package is passed, market will go up. When first vaccine is approved (still think end of November) market will really go up.
I'd throw in that if they don't call the results, it adds even more uncertainty.
Markets don't like that - might be a opportunity.
That is just patently false. Rich people can make more money in the stock market because they have more to begin with, but everyone can and should have some portion of their money in the market.
Just about every post in this thread is opinion based.
THATmanMANNY
Well-Known Member
No, they are
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Happy Halloween.
A Potted Plant
Honorary Sod
Did it start yet?
It’s not timing the market, it’s time in the market. That said I have some waiting in the wings and will be popping it in over time, vs dumping it all in on the first dip. I don’t want to try to catch a falling knife.
jackx
Well-Known Member
Estimates are that there is some $3 Trillion in cash on the sidelines fearful of a biden win or a contested election, leading to uncertainty that markets do not like.
disagree that there is fear of a change,
uncertainty yes. That leads to risk.
once settled, it is BAU
$3T is kinda a lot. that is ~15% of the US GDP, 60% of the yearly budget.
(although i'm sure it is worldwide $$)
I was reading about some of the proposed changes to 401k/IRA plans -
They all look to put more $$ into the market. More money in drives up the prices.
One of the interesting ones:
For employers with 401k match, a pass through service for paying off student loans would be set up.
for $$$->loans would be matched in a retirement account - this provides added incentive to pay the loan back,
and helps with the employer's ratios of participants
Dave Taylor
Rex kwan Do
I await the fall of the US dollar...that’s all. I think the euphoric top is happening now, don’t get left behind etc. Has anyone eaten at a restaurant lately? Been to a gym? Seen the car dealers with no inventory? Not only are businesses dying, sourcing food, products, parts etc is more and more difficult. You can’t make money if you can’t sell anything.
On a side note I was able to sell my 6 month old rickshox sid sl ultimate for $100 more than I paid and upgrade to the brain version basically putting me dead even. Win win. Sold my SLV puts yesterday.
On a side note I was able to sell my 6 month old rickshox sid sl ultimate for $100 more than I paid and upgrade to the brain version basically putting me dead even. Win win. Sold my SLV puts yesterday.
I'm not going to say that you're wrong, because I don't know enough about this kind of stuff...but
Yes. Less than before, but yes. We've also been ordering from local restaurants via Doordash way more than before. Many restaurants definitely won't survive, but most of them are open for business and servicing customers. Dining out will still be a thing, and new restaurants will open at some point to replace ones that closed. I'm currently in Miami Beach, and it is business as usual down here. There are less people overall, but everyone is out and about going to bars and restaurants. Just because you in NJ aren't, doesn't mean nobody is.
Been hitting the climbing gym since the week they opened. Climbing in a mask sucks, but it's better than not climbing. It's a bit less crowded overall, but people are still going. Some gyms will close, but gyms will still be a thing. My wife's regular gym closed, so she joined a different one. She said that running on a treadmill with a mask sucks, but it's better than not running. She clearly doesn't know what she's talking about though; running is terrible, and running on a treadmill is beyond terrible.
I have personally not had a problem buying anything. It was tough to get toilet paper for a few weeks because people are irrational, but Wegmans has been fully stocked with everything you could want for months now. I still get shit same day or next day via Amazon Prime, so the sky isn't falling yet. I'm gonna have to wait a few weeks or months for a Playstation 5, but I'll survive. I know supply chains and stuff are disrupted, and I haven't tried to buy an entry level or mid range bicycle, but I have had literally zero problems buying anything that I want.
Some people and businesses are obviously fucked. Maybe the government will help, but they can't help everyone. Also, most of the stuff we buy doesn't come from the US. This pandemic is global, and pretty much the whole world is affected. I'm not sure why only the US dollar would crash when pretty much every economy and currency is facing the same shit. Europe is about to shut down again, and we won't be far behind.
In any event, I hope you're wrong, and I'm sure you do too.
Not local, but just listening to the news. 5000 restaurants have closed already in Chicago and tomorrow they are banning indoor dining again due to their increase in positive tests. We've been eating out locally, but eating in a tent on days like today won't happen. Businesses are definitely going to have a hard time this Winter.
We are still getting in repairs, but without an eventual shipment of bikes, who knows what the Winter will be like.
We are still getting in repairs, but without an eventual shipment of bikes, who knows what the Winter will be like.
I know you like your skiing but I’m hoping for a mild winter so I can ride all my two wheel toys non-stop. I ride no matter what but deep freezes keep the miles and masses away. A mild winter should help with repairs at least.