Stock Market Blood Bath
Re: Stock Market Blood Bath
Well, if they do get bailed out I hope the next time one of their planes crashes its into a Wuhan fish market.
Re: Stock Market Blood Bath
Dalio wrote a thing about fiscal (US + Europe/JP/CN) too
https://www.linkedin.com/pulse/implicat ... -ray-dalio
edit: listened to the roubini talk. I don't know if I'm just a bear or what, but he seems completely correct to me.
https://www.linkedin.com/pulse/implicat ... -ray-dalio
edit: listened to the roubini talk. I don't know if I'm just a bear or what, but he seems completely correct to me.
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- Location: Midwest, USA
Re: Stock Market Blood Bath
I don't have solid numbers either as its net worth (so income has been coming in) but from the most recent high to yesterday, down 24*% or so. So little worse than that if you factor in income (contracting though and there was a lull in hours so not that much worse).
I actually calculated 24.2% which matches the S&P 500 drop (from Jakob's post earlier) so you can guess about my investments! I'm holding the course though. No selling. Did a little buying on the way down (stocks and big chunk of BRK.B). Oh well. Now time to rebuild the cash buffer (want 2x expenses plus a bit, should have it soon) and then the cash war chest in anticipation of buying in at some point (but tired of catching a falling knife so...). After some reflection, I think I'll be careful about what I buy though.
I actually calculated 24.2% which matches the S&P 500 drop (from Jakob's post earlier) so you can guess about my investments! I'm holding the course though. No selling. Did a little buying on the way down (stocks and big chunk of BRK.B). Oh well. Now time to rebuild the cash buffer (want 2x expenses plus a bit, should have it soon) and then the cash war chest in anticipation of buying in at some point (but tired of catching a falling knife so...). After some reflection, I think I'll be careful about what I buy though.
Re: Stock Market Blood Bath
I've lost a tonne of money and it's going down further for sure. I know because I just sold some of my bonds and bought some shares.
Re: Stock Market Blood Bath
-26.28%
Instead of doing these updates every few days I'll do them when another month's worth of expenses gets wiped away. 10 months left.
Instead of doing these updates every few days I'll do them when another month's worth of expenses gets wiped away. 10 months left.
Re: Stock Market Blood Bath
On my investment accounts, I'm down about 16.5% which is less than the markets are down - so I should be ok when this thing changes direction.
Re: Stock Market Blood Bath
My tiny speculative investments in blockchain and bio-tech are doing fairly well. Of course, kind of likely I would have been more conventionally conservative if I was playing with a bigger roll. Also, better in the red than dead.
Re: Stock Market Blood Bath
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Last edited by HalfCent on Wed Apr 22, 2020 12:45 pm, edited 1 time in total.
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Last edited by HalfCent on Wed Apr 22, 2020 12:44 pm, edited 1 time in total.
Re: Stock Market Blood Bath
I don't even know if the peak is a rational place to measure this. I had gold, stocks, bonds, cash and ALL was up for a while (well cash wasn't, which was how I got a few % low on my aa (*shakes first at the sky*)).
I mean down from peak crazy land. It was not rational on any level.
I mean down from peak crazy land. It was not rational on any level.
Re: Stock Market Blood Bath
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Last edited by HalfCent on Wed Apr 22, 2020 12:44 pm, edited 1 time in total.
- TheWanderingScholar
- Posts: 650
- Joined: Thu Dec 30, 2010 12:04 am
Re: Stock Market Blood Bath
Companies using cheap debt to create buybacks to inflate stock price, instead using debt to create a warchest, innovation/R&D, and create safety net in case of recession or economy crashing for some reason. Those that did got bit hard by this correction/recession, with companies like Tesla/Boeing/Uber being debt heavy with very little cash, being brutalized on the stock market.
As someone who has not entered the stock-market yet, because of unemployment, I would be eager to buy stocks now. Hopefully this city I had an interview with last week will contact me back for second interview aka physical/drug testing, and I get the job.
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- Posts: 1942
- Joined: Tue Nov 12, 2013 10:23 pm
Re: Stock Market Blood Bath
Jobless claims up already.
https://www.cnbc.com/2020/03/19/weekly- ... laims.htmlWeekly jobless claims posted a significant increase last week, rising to 281,000 from the 211,000 a week ago.
That was the highest total since September 2017, according to the Labor Department.
Re: Stock Market Blood Bath
And that's from last week (data ending March 14th)! I'm thinking that will be nothing compared to initial unemployment claims this week, to be printed next Thursday.
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Re: Stock Market Blood Bath
Mnuchin has floated the idea that unemployment could reach 20%.
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I have a friend from Canada who was let go due to coronavirus. Called to apply for employment insurance first thing in the morning. 3.5 hours later was still on hold.
Re: Stock Market Blood Bath
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.
Re: Stock Market Blood Bath
The deaths and unemployment and depression will not help him either.
I'm a hard core introvert and I'm finally getting lonely.
I'm a hard core introvert and I'm finally getting lonely.