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Markets still falling like whoa

Llano Estacado

By Llano Estacado
in Business and Markets

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Eastwood
Eastwood

That's why I'm out. There is no end game, IMO. This has to be fixed outside of the market and I got too nervous about what that entails for retail investors. They will always be last on the list, if o

Rusty Shackelford
Rusty Shackelford
Eastwood
Eastwood

I'm not a financial advisor. This is not financial advise. I don't work in finance. I do not have a degree in finance. Actually, I have a BA and I'm bad at math past Cal I. I won't apologize for the l

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Aqua Buddha

Aqua Buddha 14610

Posted
Posted
57 minutes ago, Telegraph_it said:

I am going to get me a huge mortgage. 

We bought our last house spring and got a 4.3% 30 year.  (It had come down to that point.)  Didn't expect to be getting a refi this soon but 30 years are coming in under 3% at this point and falling.

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TexasGolf

TexasGolf 5019

Posted
Posted
1 minute ago, Aqua Buddha said:

We bought our last house spring and got a 4.3% 30 year.  (It had come down to that point.)  Didn't expect to be getting a refi this soon but 30 years are coming in under 3% at this point and falling.

We got 4% in July 2017. Would it be worth looking at a refi ??

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Fudge Nuggets

Fudge Nuggets 19224

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On 3/6/2020 at 4:38 PM, Fudge Nuggets said:

One indicator that we still have some more downside are all the headlines from experts touting this as a great time to buy while stocks are on sale.  Bitch please.  We’re still overvalued, but not as much as before.

When the doom and gloom headlines far outnumber the “don’t miss out on this chance of a lifetime opportunity” headlines then we’re probably getting close to a bottom.

Today looks like as good as any to at least nibble.  I plan to cover at least half my $IWM short and go long a little bit of $SPY.  The hell with trying to pick winners and losers on an individual company basis in this shit storm, I'm sticking with indices only.

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Rip76

Rip76 4947

Posted
Posted

Question.  And trying not to get too tin foil hatty.

This all just seems like too good of a coincidence that all these things are coming together so seamlessly.

Oil, Markets, Coronavirus etc.

Does anyone benefit from this?  (Not Presidential candidates)

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Anastasis

Anastasis 23485

Posted
Posted
1 minute ago, Rip76 said:

Question.  And trying not to get too tin foil hatty.

This all just seems like too good of a coincidence that all these things are coming together so seamlessly.

Oil, Markets, Coronavirus etc.

Does anyone benefit from this?  (Not Presidential candidates)

Saudia Arabia. Russia/China. 

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aggie08

aggie08 21531

Posted
Posted
6 minutes ago, Rip76 said:

Question.  And trying not to get too tin foil hatty.

This all just seems like too good of a coincidence that all these things are coming together so seamlessly.

Oil, Markets, Coronavirus etc.

Does anyone benefit from this?  (Not Presidential candidates)

That batshit crazy friend of your college roommate that stockpiled an armory or weapons for the impending apocalypse.

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aggie08

aggie08 21531

Posted
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4 minutes ago, Fudge Nuggets said:

What we have here is price discovery.  Take note of today's lows and there are pretty good odds we will get close to them again within the next couple of weeks / months / minutes.

On the way back up? Honestly asking. I get the feeling that this is going to get worse before it gets better.

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atomheartbevo

atomheartbevo 89798

Posted
Posted
18 minutes ago, Rip76 said:

Question.  And trying not to get too tin foil hatty.

This all just seems like too good of a coincidence that all these things are coming together so seamlessly.

Oil, Markets, Coronavirus etc.

Does anyone benefit from this?  (Not Presidential candidates)

17 minutes ago, Anastasis said:

Saudia Arabia. Russia/China. 

China has a lot of idle factories and ships sitting off their coast.  

Saudis are getting  close to locking down the whole country over the virus, so they’re going to be taking a huge hit.  Qatar and other Gulf states are headed that way.   

Russia - who knows how bad they got hit, but doesn’t seem to be as bad as other countries (cough = bullet).  

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Fudge Nuggets

Fudge Nuggets 19224

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2 minutes ago, aggie08 said:

On the way back up? Honestly asking. I get the feeling that this is going to get worse before it gets better.

No, we get some sort of bounce that may even be pretty big one then go back down.  These almost "flash crash" like lows in a lot of stocks today should be revisited then.

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bernorange

bernorange 8363

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12 minutes ago, 52-80 said:

It's very callous to remark, but it's been eye-opening watching this train wreck play out in slow motion.

Intellectually, most people know this can happen.  Emotionally, few people expect that it ever will happen.  It's been my experience that folks who try to talk honestly about risks and such are mostly dismissed or ridiculed.  A lot of peeps on this board still think I'm the crazy one.  But I know better.  I'm not crazy.  You are all crazy and soon will be trying to steal my magic bag.

 

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