Dow?

NEW -> Contingent Buyer Assistance Program
I had a slight bigger nibble today too.

Already been nibble for the last few days and since the prices keep getting better and better, I?m gradually increasing size of my nibble. 

Hard to time the bottom so I?m going with dollar-cost averaging strategy and spread out my purchases. 



 
Timing the bottom is too hard.  Lots of people believed the recession would happen after the 2020 election, but here it comes!...finally the recession I was promised back in 2018 has arrived.
 
irvinehomeowner said:
Wow. 20k
Anyone think 18k? 15k? Back to 12k when this thread started?
Click to expand...


I don't have a crystal ball, but I would be tempted to start nibbling at 18,000-16,000 range.  Might start with index funds.
 
momopi said:
irvinehomeowner said:
Wow. 20k
Anyone think 18k? 15k? Back to 12k when this thread started?
Click to expand...


I don't have a crystal ball, but I would be tempted to start nibbling at 18,000-16,000 range.  Might start with index funds.
Click to expand...

To be honest cash is king. (Also tp and otc medicine)
Wait and see

There might be many opportunities: Buy RE, buy a business that can not pay back the loan/bailout, stocks, idk

Throwing money at a problem is not the solution if you do not need it. Especially if there are other options. Remember that.


 
So today is broadcoms ex dividend date.
How come the stock is not going down?
That dividend is huge now.
 
If gas goes down to $2.00 I am filling my boat to the brim.  One silver lining to all this. >:D

 

Attachments

  • oil.jpg
    oil.jpg
    83.9 KB · Views: 123
As of today?s close the Dow is down about 37% from its high of about 29,500.

You can play it safe and do SPY, or you can be aggressive and do SSO. If you do SSO you can invest half of what you would have with SPY and get the same return as SPY while leaving some dry powder to average down if the market continues to go go down.

Trump is chomping at the bit to release the reigns on the country and if he says get back to work on 3/31 we will escape with a lot less damage than is priced into the market and we should see some material gains by the end of the year.
 
A friend of a friend in the hedge fund industry has revealed his predictions from the crystal ball.  He is very optimistic and thinks the DOW will bottom around 18K, then bounce to 23K, then go back down to 18K-19K before full recovery.  He also thinks in 2021 DOW may bounce back toward 28K-30K.

Personally I think it will fall below 18K over the next couple months.  Also if they pass the relief bill allowing people to withdraw $100k from their 401(k) accounts, um...

https://www.cnbc.com/2020/03/23/congress-may-let-you-take-100000-from-your-401k.html
 
They should do the $100k withdrawal both tax and penalty free, that would get a lot of people withdrawing and spending again.
 
aquabliss said:
They should do the $100k withdrawal both tax and penalty free, that would get a lot of people withdrawing and spending again.
Click to expand...

Where's Larry when we need him to comment.  :D
 
aquabliss said:
They should do the $100k withdrawal both tax and penalty free, that would get a lot of people withdrawing and spending again.
Click to expand...

That was my first thought at well. People would pull a bunch of money out and start spending and it would be a lot cheaper than $4 trillion dollars.  But the government is too stupid and greedy.

 
Compressed-Village said:
The markets looking for some floors.

If you have 100k cash now, where would you deploys?

List industries and symbols please?

Or hold tight?
Click to expand...

I?m buying VTI, AAPP AAPL and MSFT in the last few days.  Since I?m not sure we hit the bottom yet and these are the safer picks for now.


 
Everything get clobber,s and talking to a friend it feel like we are in 9/11, the 1980 Asian cris, 08 mortgage crisis, and 1929 depression and the health crisis all roll into one. FED initiated QE-Infinity and seem to roll out and plugs in a lot of holes where it never done before. I can see the reservation in moving money back in. We never have our kids have no schools before. Everything locked down and I am sure there will a big fight between the states governor?s and Trump about opening up business.

One giant grid lock. This is not a V recovery by any means imo, might have quick spike when some reliefs announce then when market realized more loss coming it will head back down. I am not here to get rich, but to get by and survive.
 
Still shorting.
I think we bounce around and head much lower.
The only immediate long position I'd take is AMZN. This pandemic is a game changer for them.
I plan to eventually get back into TSLA but it can wait a bit.
 
You must log in or register to reply here.
Back
Top