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it’s like we are on a ship being thrown about in a violent storm. But the captain remains steadfast at the wheel, his golden hair battered by wind, salt and sea. The storm is a perilous one. But the passengers sleep soundly in good hands knowing the captain will steer them through to calmer waters, eventually.
Sure. You have a history of coming back after a big drop to claim you timed it just right the day before and made made a ton of cash. Most people (hardly anyone) tries to time the market and gamble with their retirement savings.
I've never claimed to time things perfect and make a ton of cash those are your words, you tend to read and see what you want, not whats actually there.
I've simply pointed out that SQQQ is a way to try and profit in a down market. Your main objective is just to argue against anything I say, I'm sure if I told you the sky is blue you would have something to say about it.
If you're in the market and you speculate even a little with your holdings, this is no different than keeping an eye on the frost in Florida, the drought in Kansas or the shortage of copper from Tanzania. If this virus turns out to be nothing more than a quick fuse with no bang but a fizzle no worse than any other flu season - so what?
Only those who would credit 'do nothing, smoke and mirror' actions from any President for a rise in the market should accept his lack of intelligent action being responsible for it's drop.
The rest of us will just consider this another of a hyper-inflated market reacting to even the smallest of influences; real or imagined and govern ourselves accordingly.
At a South Carolina rally in February, Donald Trump stated that Democrats are trying to use the coronavirus to damage him—and called that “their new hoax.”
Trump regularly brands things he doesn’t like as hoaxes, such as the Russia investigation, impeachment, etc.
He isn't saying the virus, or the Russian investigation, or impeachment didn't occur. Clearly they did.
But that the Democrats are blowing it way out of proportion in an attempt to hurt him.
There's another 4000 points minimum that will come off this market as the virus spreads and consumers pull back. It was overbought badly to begin with. The correction we have seen so far was inevitable virus or not.
Another 4000 would mean a 30% correction from a few weeks ago, which is pretty much a "melt-down" rather than correction. 10% corrections are often inevitable, but 30% is a vary bad one. It would put us back to where we were 3 years ago, and Trump can boast with zero growth over 3 years.
There's another 4000 points minimum that will come off this market as the virus spreads and consumers pull back. It was overbought badly to begin with. The correction we have seen so far was inevitable virus or not.
Despite Trump's chest beating about the economy, signs have been on the horizon for at least a year. Inverted yield curve started about this time last spring. Manufacturing slowing down. GDP growth sluggish. ...
The tariff war with China wasn't helping matters any, then the coronavirus and now the Russia/Saudi oil standoff.
Another 4000 would mean a 30% correction from a few weeks ago, which is pretty much a "melt-down" rather than correction. 10% corrections are often inevitable, but 30% is a vary bad one. It would put us back to where we were 3 years ago, and Trump can boast with zero growth over 3 years.
Despite Trump's chest beating about the economy, signs have been on the horizon for at least a year. Inverted yield curve started about this time last spring. Manufacturing slowing down. GDP growth sluggish. ...
The tariff war with China wasn't helping matters any, then the coronavirus and now the Russia/Saudi oil standoff.
Yup. And the LEI (Leading Economic Indicators) index has been essentially flat for the last 2 years or so, indicating uncertainty in the direction of the economy. The next update (in about 10 days time) of the index will be interesting to see. The last (February - showing January data) release was still predicting some economic growth (though not a lot) for the first half of the year - but of course that was before the Coronavirus started to have much of an impact on the economy.
Another 4000 would mean a 30% correction from a few weeks ago, which is pretty much a "melt-down" rather than correction. 10% corrections are often inevitable, but 30% is a vary bad one. It would put us back to where we were 3 years ago, and Trump can boast with zero growth over 3 years.
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