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

[unterhausen]

I agree, once the contagion peaks out, the markets will settle a little. At least until the second wave hits. China is seeing things recover, hopefully people are watching to see what happens if there is a second wave of infections.

[MattTuck]

Originally Posted by verticaldoug

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.

Opportunities to get crushed like a muppet.

When you say panicking, that is really a euphemism for making taking serious policy action. The issue with this is that there is no policy solution that is actually good for the markets. This is a huge shock to aggregate demand, and we're already overburdened with debt at every level of the system from individuals to sovereigns.

The market SHOULD be going lower, that is the appropriate response to lower expected future cash flows.

[akelman]

Originally Posted by MattTuck

Opportunities to get crushed like a muppet.

Why are you crushing muppets? I'm not one to kink-shame, but that seems really sick, man.

[Tony T]

Closing in on a 15 minute halt...

[C40_guy]

Originally Posted by Tony T

Closing in on a 15 minute halt...

Just bought some ZM and TDOC. Bought CTXS last week. Would like to find a couple of pure play teleworking companies, but most aren't public. Bigger ones are Cisco, F5, etc. Friend of mine at a small company in the space says customers are standing in line to throw money at them.

Was thinking about Peloton but it's had some big ups lately and I don't see it as a long term play. It's a niche play. Of course, having said that, I've been long in RACE for several years... (got it free when FCA spun it off...)

[Tony T]

HALTED (for 15 min)

[mtechnica]

I don’t think the bottom is in sight, I wouldn’t be buying anything right now.

[C40_guy]

Originally Posted by mtechnica

I don’t think the bottom is in sight, I wouldn’t be buying anything right now.

Yes, lots more down to come...

Lots of cash on the sideline waiting for the right time to add to Apple, Amazon, Roku, some other holdings...

[fiamme red]

Not a great day for Uber or Lyft.

[Tony T]

Trading reopened

[mtechnica]

Originally Posted by C40_guy

Yes, lots more down to come...

Lots of cash on the sideline waiting for the right time to add to Apple, Amazon, Roku, some other holdings...

I’d be prepared to hold onto that cash for months if I were you, before even considering putting it into the market. I’m not an expert though, just some guy on the internet that happens to have a history degree.

[Tony T]

Crude down ~20%, ~$21.50, 18 yr low.

[Tony T]

DOW less than 900 points to:
"On the day Trump was elected the Dow closed at 18,333"

…but below date of inauguration:

[C40_guy]

Originally Posted by mtechnica

I’d be prepared to hold onto that cash for months if I were you, before even considering putting it into the market. I’m not an expert though, just some guy on the internet that happens to have a history degree.

Thank you for your concern. Seriously.

This is retirement money, not needed for 10+ years.

I'm not an expert either, by the way. I've got a liberal arts degree in thinking (economics) and two advanced degrees, one from the School of Hard Knockz and a second in MSU.

[echappist]

Is that they spent 96% of free cash flow on share buybacks

from a Bloomberg article today

The biggest U.S. airlines spent 96% of free cash flow last decade on buying back their own shares. American Airlines Group Inc. -- which is not shown in the chart but is included in overall figures -- led the pack, with negative cumulative free cash flow during the decade while it repurchased more than $12.5 billion of its shares. United Airlines Holdings Inc. used 80% of its free cash flow on buybacks, while the S&P 500 Index as a whole allocated about 50% for the purpose. As the industry reels under the weight of the coronavirus outbreak corporate leaders are seeking federal assistance to ease the burden

Swimming without their trunks on, and the tide just went out...