Stock Market Blood Bath

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Jason
Posts: 2699
Joined: Mon Jan 30, 2017 8:37 am

Re: Stock Market Blood Bath

Post by Jason »

If the US stock market is at this point come November, I'm starting to think that Donald Trump is going to find himself getting Herbert Hoovered.

CS
Posts: 548
Joined: Sat Dec 29, 2012 10:24 pm

Re: Stock Market Blood Bath

Post by CS »

The deaths and unemployment and depression will not help him either.

I'm a hard core introvert and I'm finally getting lonely.

Gilberto de Piento
Posts: 1476
Joined: Tue Nov 12, 2013 10:23 pm

Re: Stock Market Blood Bath

Post by Gilberto de Piento »

Soon after he offered public assurances that the government was ready to battle the coronavirus, the powerful chairman of the Senate Intelligence Committee, Richard Burr, sold off a significant percentage of his stocks, unloading between $582,029 and $1.56 million of his holdings on Feb. 13 in 29 separate transactions.

As the head of the intelligence committee, Burr, a North Carolina Republican, has access to the government’s most highly classified information about threats to America’s security. His committee was receiving daily coronavirus briefings around this time, according to a Reuters story.
https://www.propublica.org/article/sena ... eparedness

ertyu
Posts: 755
Joined: Sun Nov 13, 2016 2:31 am

Re: Stock Market Blood Bath

Post by ertyu »

oh what a cunt so he kept downplaying it until he sold his stocks
but oh well, what are a couple of tens/hundreds thousand dead people

CS
Posts: 548
Joined: Sat Dec 29, 2012 10:24 pm

Re: Stock Market Blood Bath

Post by CS »

"Goldman Sachs warns data point to a historic and frankly apocalyptic surge in unemployment insurance claims, from current 281,000 to 2,250,000 in next week’s report. Yes you read that right."

https://mobile.twitter.com/michaelsderb ... 3389669377

Someone mentioned the WH wants delayed reporting on those numbers but I don't have links/evidence of that.

CajunQueen
Posts: 12
Joined: Tue Mar 10, 2020 2:17 pm

Re: Stock Market Blood Bath

Post by CajunQueen »


classical_Liberal
Posts: 1497
Joined: Sun Mar 20, 2016 6:05 am

Re: Stock Market Blood Bath

Post by classical_Liberal »

uggghh. Just updated my numbers. Now down about 16% compared to the S&P's 29%. That's about three years living expenses. The most damaging psychological impact would hit me at about 20% down. At that point I will have lost all my gains since I started investing in 2015.

Tomorrow will be my second week of DCA'ing from cash to stocks as S&P is still under the 2600 threshold. I've been buying SCV, Total US, and Total international in equal amounts each week. I'm down about 6% from my cost basis on last weeks purchase. I was going to sell a few grand of IAU to purchase OHI in my Roth based on Wed's prices, but I woke from my daytime slumber to find OHI up almost 50% today, so I'll hold off because I can't place a limit order until I sell the IAU, since I already funded it this year and have no cash in it. Oh well.

Lucky C
Posts: 528
Joined: Sat Apr 16, 2016 6:09 am

Re: Stock Market Blood Bath

Post by Lucky C »

Valuation based on market cap to GDP (Buffett's favored metric) is now at about where we were at the peak of the housing bubble.

BlueNote
Posts: 493
Joined: Sat Jun 08, 2013 6:26 pm
Location: Toronto, Canada

Re: Stock Market Blood Bath

Post by BlueNote »

I'm down ~21% in NW FWIW. Portfolio is basically a 60/40 stocks to bonds. It's weird there was one day where the bonds (and index of them) dropped a lot for some reason. News stories said panic asset sales were being translated into funds having to sell short term bonds to cover.

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fiby41
Posts: 1235
Joined: Tue Jan 13, 2015 8:09 am
Location: India

Re: Stock Market Blood Bath

Post by fiby41 »

9 months of expenses left.

IlliniDave
Posts: 2871
Joined: Wed Apr 02, 2014 7:46 pm

Re: Stock Market Blood Bath

Post by IlliniDave »

About 23.4 years expenses still left for me (but over 100 if offset due to outside retirement income considered). Total portfolio down about 13.5% for the year, which includes contributions (so losses are higher by a percent or two). But the loss number tends to fluctuate wildly these days.

2Birds1Stone
Posts: 985
Joined: Thu Nov 19, 2015 11:20 am
Location: Earth

Re: Stock Market Blood Bath

Post by 2Birds1Stone »

I'm down ~6 years of actual living expenses, which sucks......but this too shall pass.

bostonimproper
Posts: 205
Joined: Sun Jul 01, 2018 11:45 am

Re: Stock Market Blood Bath

Post by bostonimproper »

Bets on the recent rally reversing or staying the course?

classical_Liberal
Posts: 1497
Joined: Sun Mar 20, 2016 6:05 am

Re: Stock Market Blood Bath

Post by classical_Liberal »

bostonimproper wrote:
Wed Mar 25, 2020 7:27 pm
Bets on the recent rally reversing or staying the course?
Volatility with S&P500 between 2000-2600 depending on the news of the day. I'm gonna guess it stays that way until we start seeing real earnings and investors can make more informed decisions about which companies are being hit hardest. Then it's anyone's guess how bad earnings have been hit. Any testing ramp up for antibodies or leveling of curve may result in some temporary gains that will be reversed with earnings.
______

Now down 12% YTD or 2.5 yrs living expenses. I'm actually slightly up on the cost basis of my DCA'ing

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Bankai
Posts: 816
Joined: Fri Jul 25, 2014 5:28 am

Re: Stock Market Blood Bath

Post by Bankai »

bostonimproper wrote:
Wed Mar 25, 2020 7:27 pm
Bets on the recent rally reversing or staying the course?
Short term rally within a bear market. Good time to sell into strength before another leg down.

Mister Imperceptible
Posts: 1189
Joined: Fri Nov 10, 2017 4:18 pm

Re: Stock Market Blood Bath

Post by Mister Imperceptible »

NW YTD +85%

Fish
Posts: 546
Joined: Sun Jun 12, 2016 9:09 am

Re: Stock Market Blood Bath

Post by Fish »

Wow! Glad to see that your crisis alpha strategy paid off big time MI. Almost perfectly timed too.

Mister Imperceptible
Posts: 1189
Joined: Fri Nov 10, 2017 4:18 pm

Re: Stock Market Blood Bath

Post by Mister Imperceptible »

If I had to do it over again I might wait until the market trends downward before scaling into a larger position. Hard for me to say the timing was perfect as I was a few months early, but for a long while there, put options were really cheap and I bought a lot of them. I definitely did not think I was timing the market, but rather volatility was mis-priced. I suppose compared to someone who was shorting and buying puts for most of the previous 11 years, that the timing was perfect on a relative basis.

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