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

[C40_guy]

Originally Posted by mg2ride

Been a roller coaster the past month or so. I expect a slight plunge tomorrow just because.

Been a crazy good year!

It's been a crazy year, yes. I think I am down 20% from my highs, back at early December levels...but my mix is not what most advisors would recommend. I'm pretty heavy into SPACs...they've been good to me... (but now that everybody is talking about them, it's a lot harder to find a good one...)

[bronk]

Originally Posted by mg2ride

Been a roller coaster the past month or so. I expect a slight plunge tomorrow just because.

Been a crazy good year!

No need to worry as the market is closed tomorrow.

[mg2ride]

Originally Posted by mg2ride on 4/9/20

Because the professional analyst have it all completely wrong. This was a once in a lifetime driver for this "Crash" and terms like earnings and guidance will have nothing to do with it's rebound. We will likely see another "big" drop (otherwise known as the last, best buying opportunity) but it won't go lower than we have already seen. It will rebound back to within 10% of it's February high by elections and take another small surge after that. By this time next year our 401Ks will be back to all time highs (assuming you didn't panic out and miss the rebound) and those of us that threw some chump change into the market over the last month will EASILY see 100% returns on it.

You read it here 1st.

I have a reminder set for 1 year from now and I will reply to this thread so everyone can tell me how smart I am!

I pretty much nailed this!

Apparently it is time for everyone to let me know how smart (lucky) I am!!!!

If I really was that damn smart, I could answer the $1,000,000 question. When to get the hell out of it? A correction is coming.

[bigbill]

Originally Posted by mg2ride

I pretty much nailed this!

Apparently it is time for everyone to let me know how smart (lucky) I am!!!!

If I really was that damn smart, I could answer the $1,000,000 question. When to get the hell out of it? A correction is coming.

I invested on the dip in mutuals and it has worked out well. IRA and 401K are doing great. I am still sitting on some cash savings.

[Tony T]

All time highs: DOW 34,000 S&P 4,150 NASDAQ 14,000

[robertbb]

Originally Posted by mg2ride

I pretty much nailed this!

Apparently it is time for everyone to let me know how smart (lucky) I am!!!!

If I really was that damn smart, I could answer the $1,000,000 question. When to get the hell out of it? A correction is coming.

Correction implies it will be a (relatively) small adjustment.

What many see coming is something far larger than that...

Seems some key indicators and fundamentals are very much out of whack and I don't see how this is sustainable long term.

[mg2ride]

Originally Posted by robertbb

What many see coming is something far larger than that...

Some people choose to see the ugliness in this world. The disarray. I choose to see the beauty. To believe there is an order to our days, a purpose. ~Dolores A.

[robertbb]

Originally Posted by mg2ride

Some people choose to see the ugliness in this world. The disarray. I choose to see the beauty. To believe there is an order to our days, a purpose. ~Dolores A.

What a lovely quote.

But if there's a truck heading for ya, looking away won't stop it

[oldpotatoe]

Originally Posted by robertbb

Correction implies it will be a (relatively) small adjustment.

What many see coming is something far larger than that...

Seems some key indicators and fundamentals are very much out of whack and I don't see how this is sustainable long term.

BUT, 2020/2021 was/is 'seriously out of whack'..Many make some YUGE $ 'predicting' what may or what may not happen but again, last year and this year should not be an example of ANYTHING except how unpredictable 'life' can be.

Even in the lead up to the great recession...putting 5 people in a room and ask about the economy..got 6 or 7 'opinions'...

[mg2ride]

Originally Posted by robertbb

What a lovely quote.

But if there's a truck heading for ya, looking away won't stop it

This thread was started in Feb of 2018. The dow had "plunged" to 23,500

Read thru it and see how many people have been predicting the collapse since then.

Today the Dow is at 34,200. A 45% increase in just over 3 years. It could drop 30% tomorrow and I'm still up 2% because I chose to look away.

You can live in fear of the truck all you want. I look at the traffic at hand and make my best judgement as to when to cross.

[Tony T]

Originally Posted by mg2ride

Some people choose to see the ugliness in this world. The disarray.
I choose to see the beauty. To believe there is an order to our days, a purpose. ~Dolores A.

.

[robertbb]

Fair enough fellas.

End of the day it's all about risk appetite and that's a function of ones ability to take the hit of a loss (if that did eventuate).

As with many (most) other things in life, it's all about timing and a healthy dose of luck.

I'm a fairly risk averse person and that's neither "right" nor "wrong", it's simply a function of my lived experiences and my personality.

[Tony T]

Dow 35,000

[Tony T]

Dow 35,000

[likebikes]

DOW JONES finishes >35,000 first time ever!