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Investors are programmed to "buy the dip" because for a decade it has worked. Any disruption in prices was temporary.
Now, we might be in for a longer term cycle. Economy is certain to fall off a cliff in the second quarter. Recession or depression? Consumer retail is likely to be really ugly.
Is it right to buy the dip if we are in for a long term economic slowdown?
Hell yeah, I'll buy the dip. 3 years from now we will be back to record highs, similar to 2009 meltdown. That was a 53% drop. This drop is just 27%. All it takes is a vaccine cure and BOOM!
So I will just enjoy this ride buying low for an extended period.
Down about $ 250,000 +- so far. I get a kick out of calling my son (AKA-Sole Heir) to tell him what a lousy day HE had in the market since I'll never live to spend it all anyway. Meanwhile, still getting my dividends. Picked up 1,000 shares of DOW, a nice 12%er. My appraisal business has doubled due to the low rates, cash flow is KING. Oh, and did I mention the best part of all ? L.A. traffic is FABulous!
I'm just watching from the sidelines and staying the course. I firmly believe that if the stock market can recover from the near collapse of the world financial system in a few short years, it will recover from this virus just as quick or quicker.
I'm just watching from the sidelines and staying the course. I firmly believe that if the stock market can recover from the near collapse of the world financial system in a few short years, it will recover from this virus just as quick or quicker.
Yes, once a treatment and/or vaccine is announced, stocks could be up 40-50% in a day.
Yes, once a treatment and/or vaccine is announced, stocks could be up 40-50% in a day.
I don't think thats possible. For one, progress of a vaccine would leak out and happen gradually, so those gains would be spaced out. Vaccines take a long time to develop, and the market knows one will come someday. The market and the pandemic will already be recovered once a vaccine is announced. I think once new cases start declining, we will see the big jump.
The only concern I have is on the best investment options I have in this current market. I'm not panicking about my current positions at all as I'm young and know the market is bound to recover. We will get through this.
yes, i've been active in the stock market for the past 3 years and this is the most scared I've been.
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