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

[C40_guy]

Originally Posted by notsew

Well, when 6 months has given you somewhere in the vicinity of 50% to 500% returns, probably shouldn't get to worked up about a 10% drop off.

No complaint here. Just wondering about the next move. In April or May I trimmed my holdings and lost out on some (additional) gains.

Not sure whether I want to do another trim or just let it ride. All of the money is earmarked long term...

Whenever I think about this, Jim Cramer's saying echoes in my head "Pigs get slaughtered..."

[Tony T]

Originally Posted by C40_guy

It's days like this that I remind myself to embrace dollar cost averaging.

(while I watch AAPL, ZM, TDOC, AMZN all fall for a second day in a row...)

Days like today? DOW is green.
AAPL Iis green

[C40_guy]

Originally Posted by Tony T

Days like today? DOW is green.

Red this morning.

Looks like the market wanted to finish in positive territory before the long weekend.

Less stress for the traders to take to the Hamptons...

[mg2ride]

The last 2 days had some great buying opportunities. Unfortunately, I did all my buying Thursday instead of Friday.

[likebikes]

[cloudguy]

Originally Posted by mg2ride

The last 2 days had some great buying opportunities. Unfortunately, I did all my buying Thursday instead of Friday.

Sucker. Next, you'll be enlisting in the Army.

[oldpotatoe]

Originally Posted by cloudguy

Sucker. Next, you'll be enlisting in the Army.

[mg2ride]

Originally Posted by akelman

How about this? I bet that the Dow is below 22,000 six months from now. You bet that it's above 22,000. Loser sends $50 to the charity of the winner's choice?

That said, no problem if you'd rather not. I wasn't trying to say that you should put your money where you mouth is/was. I was literally suggesting a friendly wager that would reflect my bearish outlook about the market for the next six to nine months.

Originally Posted by mg2ride

RAELLY? You think the Dow Jones Industrial Average that closed around 21,600 today will not be above 22,000 in 6 months.

To make it more fair we can mod it like this:
Below 22,000 - You win and I send $50 to charity
Over 26,400 - I win and you send $50 to charity
In-between 22,000 and 26,400 we both send $50 to charity.

It concludes at closing on Friday September 25.

The Dow closed at 27,173.96 on Friday.

My choice would be the Appalachian Trail Conservancy
https://donate.appalachiantrail.org/...aspx?tsid=7638

[MikeD]

The thread that never dies!

[akelman]

Originally Posted by mg2ride

The Dow closed at 27,173.96 on Friday.

My choice would be the Appalachian Trail Conservancy
https://donate.appalachiantrail.org/...aspx?tsid=7638

Done! Happy to support a wonderful organization.

[mg2ride]

Originally Posted by akelman

Done! Happy to support a wonderful organization.

Sweet. I will admit that these last few weeks had me worried.

[akelman]

Originally Posted by mg2ride

Sweet. I will admit that these last few weeks had me worried.

I'm more worried about the next few weeks. But when isn't that true, right?

[oldguy00]

We have some cash being freed up in the next few days from the sale of a property....figure I can probably get some good stocks on sale.
Anyone see Exxon's dividend is at like 10%?? Might have to get in on that..

[1centaur]

I wonder if there has ever been a study of how many 10% dividend plays worked out well. What I have observed in the last decade is that most stocks with dividends over 10% have cut their dividends within a couple of years and the stock has dropped a lot.

Fossil fuel companies are square in the sights of ESG investors globally so there is a mighty headwind to fight over the next 10 years. I have heard that Exxon will not be able to convert to an alternative energy company and maintain its dividend.

But an O&G analyst I respect thinks oil prices are going down over the next six months but will be up nicely in 2022 and 2023 based on all the US production coming off line today.

Generically, I like 4-6% dividend plays with growth prospects better than 10% plays. But I am not a stock guy.

[bronk]

Originally Posted by oldguy00

We have some cash being freed up in the next few days from the sale of a property....figure I can probably get some good stocks on sale.
Anyone see Exxon's dividend is at like 10%?? Might have to get in on that..

Hmmm. Shell cut dividend. BP cut dividend. Exxon (fill in the blank).