Bloodbath in the stock market, how will it effect your pooning?
- Thread starter Cablover69
- Start date
I’m not sure many use their investments as a direct warning for to pay for activities such as seeing ladies but if you live on fixed income it could affect your monthly operating income. This is a funny time, markets were boiling hot for so long and now they are a mess. It’s going to have some effect as people look at budgets and such but for the average guy who sees a lady now and then probably not. If this moved into serious recession and retraction of the economy we’re all going to feel it.
If you didn't have stop losses set on your investment accounts, quite few pooners ought to be affected. In British Columbia's economy, wealth is an illusion brought on by governments devising ways to give the Canadian dollar value to buy imports.
You're spelling it out and misinterpreting the data all at the same time. 3% mortality. It spreads extremely fast and wide and it will kill about 15 million (best case scenario, 80+ million worst case) people worldwide based on the Australian study. Oh and it doesn't discriminate.
Last edited:
Mar 12: DOW experiences worst day in 32 years, as a sign of no-confidence after Trump's address from the previous night. Thanks, Trump!
https://www.marketwatch.com/story/s...coronavirus-measures-2020-03-11?mod=home-page
https://www.marketwatch.com/story/s...coronavirus-measures-2020-03-11?mod=home-page
Shouldn’t be any surprise that trump bungled the address and the stock market reacted so negatively. He’s clearly in over his head and not up to the task of dealing with this crisis situation. Expect this will sink his chance of reelection.
My market positions have lost a good deal of their value over the past two weeks. If it means that Trump won't get re-elected, it will be well worth it.
What the fuck has that statement got to do with the price of tea in China?I do pay attention to Politics but I pay more attention to my investments as I know the government does not have my best interests at heart.
The selloff in the stock markets in the last week is just plain STUPID.I am under water and holding my breath and I will ride it out as the fundamentals have not changed.
At the same time I have 28K in liquid cash and an option for 100K+ in credit should I wish to draw on it.I will pull the trigger as I see fit as this outright stupidity will come to the end.....it is just a matter of catching a falling knife.
Get greedy when others are fearfull and get fearfull when others are greedy....Warren Buffet.
This is a buying opprtunity.....pick it up low after the suckers have bailed out and hold and then sell when after say 1-1/2 years have passed and the stock goes back up.
SR
this is indeed a buying opportunity... but i suspect its going to be a bloodbath of epic proportions. its not 2008 when just a bunch of huge banks had to get propped... everything is going to need to be propped up.
2008 was a good lesson... cash will be king going forward and one can make a bundle when the market is at 15k or 10k or 6k!
2008 was a good lesson... cash will be king going forward and one can make a bundle when the market is at 15k or 10k or 6k!
Not just yet though - this is not a one & done thing and we're just at the beginning. We haven't seen panic at the Walmarts yet - when that comes, it'll feed into the market in a vicious loop.
https://imgur.com/BlaW8pp
The US has the dubious distinction of having limited testing capability so we'd only know the extent of COVID19 spread from people dying. Out of nowhere, we could have a situation like Italy where they went from 2 fatalities to 1,016 in less than 3 weeks.
https://lab.gedidigital.it/gedi-visual/2020/coronavirus-i-contagi-in-italia/
Just imagine your kids going on March break then you learn that 2 kids at their school had died of a mysterious disease.
3 weeks later, 4 grades of kids (10 classes each) all got wiped out by the same disease.
No, you wouldn’t sell after a year or year and a half. If you really timed the market correctly (incredibly hard, just ask all the people who lost their shirts in the Nikkei bubble of ‘89),hypothetically speaking, you would keep it in your TFSA indefinitely.
OK, what reason do you have to suspect anything more than "minimal chance" of that all coming to fruition??
Another drunken post on PERB ^^^^
Most of the deaths in North, South, and Central America from Covid have to date been tied to a 3-mile circle in one place.
And even those of you who failed statistics can already tell that the virus does discriminate. Who has been the youngest person to die of Covid so far?
After all the boasting trump did about how much the Dow Jones went up during his presidency, it closed today roughly 359 points above where it closed on his Inauguration Day. Don’t hear him bragging about it these days.
You could be right, or you could be wrong, in the sense that the coronavirus might have just been the straw that broke the back of the decades long debt bubble, which saw ultra low interest rates overinflate the value of all asets including real estate and stocks: https://born2invest.com/articles/could-the-coronavirus-finally-burst-the-debt-bubble/amp/
I humbly submit that I could be totally wrong as well and you could be right
Nope! During times like this I just try to not think about it and don't even bother opening my monthly statements from my financial firms.
Just weathering the storm confident that the market will rebound once this is all over and in a couple of years everything will be regained.
I do feel for people who are living off of their investments right now.
Cheers
J
Just weathering the storm confident that the market will rebound once this is all over and in a couple of years everything will be regained.
I do feel for people who are living off of their investments right now.
Cheers
J
this tough time for all of us stock market end going down to 15k in few days or weeks the don will lose big november detroit and pittsburgh and phill be the reason he lose to super joe 2020.
Fatality rate is 0.01% in South Korea. This pegs the current world wide cases at around 8million.
BC alone likely has upwards of 5,000 cases right now.
Bc health are not even testing people that are suspected to have the virus. They are only testing serious cases and people that need hospitalization
BC alone likely has upwards of 5,000 cases right now.
Bc health are not even testing people that are suspected to have the virus. They are only testing serious cases and people that need hospitalization
