Stocks and Trading Thread - Channeling your inner Mono

Started by MadImmortalMan, December 21, 2009, 04:32:41 AM

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crazy canuck

#2580
March 09, 2020, 09:02:34 AM
Quote from: Tamas on March 09, 2020, 04:52:44 AM
You guys let me know when I should start buying stuff.


Worst of all with the timing is that probably I will be forced to close my little stock account at the end of the year due to it being in the Netherlands and I am being a subject of Boris Johnson.

For what it is worth my financial guy isn't going to look at buying until early April.  He was selling into the blip of strength last week.  If I miss the front end of a recovery I am ok with that. 



Razgovory

#2581
March 09, 2020, 01:16:30 PM
Jesus Christ, this is a slaughter.
I've given it serious thought. I must scorn the ways of my family, and seek a Japanese woman to yield me my progeny. He shall live in the lands of the east, and be well tutored in his sacred trust to weave the best traditions of Japan and the Sacred South together, until such time as he (or, indeed his house, which will periodically require infusion of both Southern and Japanese bloodlines of note) can deliver to the South it's independence, either in this world or in space.  -Lettow April of 2011

Raz is right. -MadImmortalMan March of 2017

Habbaku

#2582
March 09, 2020, 01:32:50 PM
Yeah, we're back to the dreadful days of...Dec. 2018.  :hmm:

If the losses keep coming, then I'll worry. The VIX being as high as it is is concerning, however.

On the bright side, if this keeps up, it might take away Trump's only realistic shield for 2020.
The medievals were only too right in taking nolo episcopari as the best reason a man could give to others for making him a bishop. Give me a king whose chief interest in life is stamps, railways, or race-horses; and who has the power to sack his Vizier (or whatever you care to call him) if he does not like the cut of his trousers.

Government is an abstract noun meaning the art and process of governing and it should be an offence to write it with a capital G or so as to refer to people.
-J. R. R. Tolkien

Camerus

#2583
March 09, 2020, 02:32:58 PM
Yeah. I look forward to hearing the brain-dead pundits talk about the inevitable "Biden Bounce".

Admiral Yi

#2584
March 09, 2020, 03:01:18 PM
New financial buzz word seems to be "leg in."

I legged in today.

Valmy

#2586
March 09, 2020, 03:16:05 PM
Quote from: Habbaku on March 09, 2020, 01:32:50 PM
Yeah, we're back to the dreadful days of...Dec. 2018.  :hmm:

If the losses keep coming, then I'll worry. The VIX being as high as it is is concerning, however.

On the bright side, if this keeps up, it might take away Trump's only realistic shield for 2020.

I mean if we are going to have another economic collapse I guess it is better to have it right before the election than right after it.

But if we could not have one at all that would be preferable. Stupid infectious disease.
Quote"This is a Russian warship. I propose you lay down arms and surrender to avoid bloodshed & unnecessary victims. Otherwise, you'll be bombed."

Zmiinyi defenders: "Russian warship, go fuck yourself."

Habbaku

#2587
March 09, 2020, 04:02:51 PM
Agreed on all fronts there.

In order of preference:
1: Virus ends tomorrow, no more deaths, market recovers, everything's great
2: Market keeps tanking, Trump loses hard
The medievals were only too right in taking nolo episcopari as the best reason a man could give to others for making him a bishop. Give me a king whose chief interest in life is stamps, railways, or race-horses; and who has the power to sack his Vizier (or whatever you care to call him) if he does not like the cut of his trousers.

Government is an abstract noun meaning the art and process of governing and it should be an offence to write it with a capital G or so as to refer to people.
-J. R. R. Tolkien

mongers

#2589
March 12, 2020, 04:24:53 PM
How are people doing?
"We have it in our power to begin the world over again"

DGuller

#2591
March 12, 2020, 04:27:27 PM
If you have a lot of cash on hand, what would you do?  Is it time to be greedy when others are fearful, or is there still plenty to be fearful about?

crazy canuck

#2592
March 12, 2020, 04:29:07 PM
Quote from: DGuller on March 12, 2020, 04:27:27 PM
If you have a lot of cash on hand, what would you do?  Is it time to be greedy when others are fearful, or is there still plenty to be fearful about?

I posted about this upthread.  My guy tells me not even to think about buying in until beginning of April. If he changes his view he will let me know.

Admiral Yi

#2593
March 12, 2020, 04:32:32 PM
Quote from: DGuller on March 12, 2020, 04:27:27 PM
If you have a lot of cash on hand, what would you do?  Is it time to be greedy when others are fearful, or is there still plenty to be fearful about?

I heard a chick on CNBC say something interesting a couple days back:

We all know you should buy low and sell high.  This is what buying low looks like.  It's always scary.

DGuller

#2594
March 12, 2020, 05:09:25 PM
What makes me extra wary is the possibility that this isn't just a coronavirus.  What if the market had been overheating for a while, especially with the tax cuts feeding stimulus right when we don't need it, and we were bound to be in for a deep recession anyway?  We may be seeing a crash that was overdue on its own and just finally triggered, and now we have the bubble pop coupled with the legitimate economic effect of coronavirus putting the downward pressure on everything.

But Yi's chick does make a good point.  It must be scary when it's a buying opportunity, or it wouldn't be a buying opportunity.  At some point you have to grab your balls and go for it, and hope that it isn't just a beginning of much worse things to come.
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