OT - Dow plunges 1,175 - worst point decline in history

[echappist]

Originally Posted by goonster

I've been checking mortgage rates for possible refinancing, and the rate quoted by my FCU went up 0.5% since Friday.

Liquidity squeeze? Credit market weirdness?

Anybody else seeing this?

Well, the Feds had to prop up the repo market. Tbf, there were issues even back in the fall, but the issue apparently hasnt been fully resolved

Originally Posted by Jeff N.

Was expecting another nose dive this AM only to find almost everything is into the green! Craziness.

Just more volatility

[Tony T]

1,000 point swings in the DOW seem to be the norm now.

[kppolich]

Originally Posted by bigbill

I'm staying in for the long run. I've lost many tens of thousands in value, but I still have the stocks. I continue to pack my 401, I'm just getting a lot for my money right now. The market will recover once some good news comes out concerning the virus.

Same.

It's been what...a week and people are already planning on what they'll do once this is over, praising teachers, and itching to get out of the house. Money will be spent, restaurants and bars will be back in business, and people will travel.

Gotta stay strong and make sure people have some income until then or else they won't have money to spend and the recovery will take longe. The current steps being taken during this unprecedented event are starting to do that, but it will take everyone doing their part to nip this thing and remain calm.

Goes to show, the stock market is not the economy but just one of many vehicles to possibly create income. Times like this are a good chance to refinance loans, double down on your budget, and reassess your current needs/risk tolerance.

[MattTuck]

NY state is already crying mercy. I am worried what happens when the system gets overwhelmed. Despite all this emergency action, I think we're still headed lower.

[ColonelJLloyd]

Originally Posted by MattTuck

Despite all this emergency action, I think we're still headed lower.

That's certainly my take.

[mtechnica]

Of course it’s going to go lower. We haven’t seen anything yet (not to sound like an alarmist but it’s true). Now would be a great time to have cash on hand and be ready to buy in a few months time when things are looking really bad, or just to have to live off of for a while.

[bigbill]

People keep making references about life immediately after 9/11. I have no reference, I deployed within a week and by the time I returned, things were pretty normal. I'm not spending much money in town, I've ordered some stuff from Amazon including a Bosu ball so I can do my boot camp stuff at home. I'm still sitting on some cash but I was doing that before the crash.

[C40_guy]

Originally Posted by bigbill

I've ordered some stuff from Amazon including a Bosu ball so I can do my boot camp stuff at home.

Did you get a *ball* or the balance trainer torture device?

Used the latter at a gym and had to have one. Great for strengthening ankles, improve balance, etc...

[bigbill]

Originally Posted by C40_guy

Did you get a *ball* or the balance trainer torture device?

Used the latter at a gym and had to have one. Great for strengthening ankles, improve balance, etc...

Balance one. It allows me more ROM when I'm doing KB presses and I work on my balance while doing reverse crunches.

[fiamme red]

Peloton Interactive, Inc. (PTON) is up 16% so far today.

[jlwdm]

Originally Posted by fiamme red

Peloton Interactive, Inc. (PTON) is up 16% so far today.

And 12.8% yesterday.

Jeff

[oldpotatoe]

Originally Posted by kppolich

Same.

It's been what...a week and people are already planning on what they'll do once this is over, praising teachers, and itching to get out of the house. Money will be spent, restaurants and bars will be back in business, and people will travel.

Gotta stay strong and make sure people have some income until then or else they won't have money to spend and the recovery will take longe. The current steps being taken during this unprecedented event are starting to do that, but it will take everyone doing their part to nip this thing and remain calm.

Goes to show, the stock market is not the economy but just one of many vehicles to possibly create income. Times like this are a good chance to refinance loans, double down on your budget, and reassess your current needs/risk tolerance.

Things WILL return to some sort of normal, it nearly always does. The uncertainty comes from the curve still going ‘up’ with regards to infection rate.
And people get freaked out, act like loonie-tunes...

‘Seems’ the big boys in DC are finally getting a clue but these briefings still sound like a mini campaign rally.

Gotta remember also, and I feel for anybody who gets sick, but getting this is not an auto death sentence. It IS dangerous, but most recover. Not walking dead or “28 days later” deadly..

So hang in there, help others if you can, take care of you and yours.

[CNY rider]

From Bloomberg today:

Denial: the classic initial refusal to believe that anything is different from the last 20 times you successfully bought a little dip

Anger: As losses intensify, phrases like “this market is so stupid” are heard more and more often

Panic: liquidity evaporates, risk premia and volatility soar, and even favorite trades are sacrificed in the name of risk reduction

Response: Policymakers offer up a response to solve the underlying issues, and despite initial hopes markets keep falling...BUT WITH LOWER VOLATILITY

Resignation: When it feels like the terrible trend will go on forever, at last a reversal is in sight [and when all hope is lost, the smallest bit of good news can make people money]

https://www.bloomberg.com/opinion/ar...?sref=C7Tki5MO

[verticaldoug]

Originally Posted by CNY rider

From Bloomberg today:

Denial: the classic initial refusal to believe that anything is different from the last 20 times you successfully bought a little dip

Anger: As losses intensify, phrases like “this market is so stupid” are heard more and more often

Panic: liquidity evaporates, risk premia and volatility soar, and even favorite trades are sacrificed in the name of risk reduction

Response: Policymakers offer up a response to solve the underlying issues, and despite initial hopes markets keep falling...BUT WITH LOWER VOLATILITY

Resignation: When it feels like the terrible trend will go on forever, at last a reversal is in sight [and when all hope is lost, the smallest bit of good news can make people money]

https://www.bloomberg.com/opinion/ar...?sref=C7Tki5MO

Said in another way, markets stop panicking when GOV start panicking.
There are definitely opportunities out here. If you have a 2+ year window, you should be allocating .... but do it slowly. You can never get the bottom. That's just luck. Nothing more.

[seanile]

the market panic will stop when the impacts are more quantifiable. we have no idea what quarterly reports are going to look like, or the stimulus packages' impacts, or the layoffs and unemployment rates. until then, it's a pile of volatility and people are trying to decide when the right buy-in opp is by qualitatively assessing what they do know, which is that we don't know anything of substance yet....