How low will it go? Stock market taking a dip

Discussion in 'The Okie Corral' started by RWBlue, Feb 24, 2020.

  1. RWBlue

    RWBlue Mr. CISSP, CISA CLM

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  2. HJB

    HJB

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    I think it has been looking for a reason for a correction anyway. So, a drop of 10% t 15% could actually be healthy.
     
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  3. SCHADENFREUDE

    SCHADENFREUDE

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    Irrational exuberance is a son of a gun.
     
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  4. bohica793

    bohica793

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    Sitting on the sidelines waiting to buy......
     
  5. oldmick

    oldmick

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    I have absolutely no clue.

    I have enough retirement savings already in cash to last for this year (I take a couple percent out every year as part of my income), so I won’t need to sell anything for a little while.
     
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  6. sciolist

    sciolist On the Border

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    Lower than today.
     
  7. willie_pete

    willie_pete NRA Life Member

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    Two different days in Feb 2018 we had drops of over 1,000 points on each day; larger percentages than today ( so far ).
     
  8. F106 Fan

    F106 Fan

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    Goldman Sachs started calling for a correction last week - right after they got their shorts in.

    https://www.cnn.com/2020/02/20/investing/goldman-sachs-stocks/index.html

    The market is up 42% over the Trump period, somewhere around 8200 points based on today being down nearly 1000 points. Sure, I'm going to take a big hit in my 401(k) but it isn't like we haven't been here before.

    Once the market realizes they have thrown the baby out with the bath water, we'll recover.
     
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  9. cowboy1964

    cowboy1964

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    This situation (the virus) is pretty unique. We really have not had a supply chain disruption like this before in the modern JIT (just in time) era.
     
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  10. F106 Fan

    F106 Fan

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    That's true and maybe it will wake up a few of the US companies. They need a backup plan! Their company should be punished (decline in stock price) for failing to have such a plan. Unfortunately, it drags the rest of us down.

    As I understand it, about 1/3 of the Chinese companies are back to work, with restrictions. We'll see!

    I would expect one of two things: The virus really takes hold and kills multiple millions of people (we won't need our 401(k)s) or it dies out in the next month or so. I can see it going either way.
     
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  11. ocjackel

    ocjackel

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    I wonder if the supply chain disruptions will just push the demand back to the 3rd or 4th quarter or if that demand just goes away
     
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  12. cowboy1964

    cowboy1964

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    Surely demand will recover, it's just a matter of how long it will take for supply to catch up. Supply has an upper limit.
     
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  13. M2 Carbine

    M2 Carbine

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    How low will it go? Stock market taking a dip

    Don't know. Don't care.

    The only money I ever lost was $20,000+.... in Stocks.

    I didn't know it until it was too late that the company that managed my company's 401k was playing the stock market with the money. (apparently with my company's approval).

    I thought that losing $20,000 was bad but another pilot told me that he lost $200,000 of his 401k money.

    As soon as I found out what was going on I called the 401K company and told them to get every cent of mine out of stocks.
    The 401k lady I was talking to said, "That's smart".

    I guess she was tired of telling people that thousands of dollars of their retirement money is gone.
     
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  14. jim goose

    jim goose "The Goose"

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    Down 40% from high, if that was the high.
     
  15. RWBlue

    RWBlue Mr. CISSP, CISA CLM

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    Not according to the graph I am looking at.
    Same true NASDAQ, S&P500, ...
     
  16. RWBlue

    RWBlue Mr. CISSP, CISA CLM

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    BTW, What is the stop for a single day loss? I know there is a stop to keep from having a run away, but I don't knwo what it is.
     
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  17. TheDreadnought

    TheDreadnought

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    That may be ok if you’re half way through retirement already and not spending much.

    But if you’re still in your working years not investing in stocks is a perfect way to come up short for retirement.

    The big “crash” of 2008, I just left my money where it was. Ten years later I was up 400%. It’s only been a steep uphill climb since then.

    It ALWAYS comes back, and then some. The only people who lose are the people who didn’t have time to wait for the recovery, and should have been invested differently, and the people who sold near the bottom.

    Even the Great Depression came back eventually, obviously. The only reason it took so long was because the Fed was fairly new and didn’t know what they were doing with monetary policy. As a result the did the exact OPPOSITE of what they needed to do, making the situation worse and much longer than it had to be.

    But look, everyone should follow a strategy they are comfortable with.
     
  18. nerr

    nerr

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    It will be bad for a while, mostly because of corona virus impacts. The supply chain impacts from China are going to be felt for a while mostly because their stuff is everywhere (ironically including medical equipment needed to deal with corona virus). Hopefully you diversified any investments. If not, you may just have to hang on instead of selling at a loss.
     
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  19. catman71

    catman71 Spewer of TROOF

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    I’d guess a fools rally tomorrow

    then generally down until the election is clear and the perceived end to the virus is identified
     
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  20. catman71

    catman71 Spewer of TROOF

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    you mean 4%?