Dow enters bear market, down 20% (compared, state, European, pay)

[Roscoe Conkling]

Originally Posted by OnOurWayHome

Gotta love these people. It was down 10% yesterday but it's up 2% today, so everything is fine. Unreal. Gonna take a lot more than that to get us out of the red for 2020.

Exactly.
The last couple of weeks have been silence before the quiet before the storm that's coming.
Time to buckle up because it's going to get very bumpy.Global recession bumpy.

[Listener2307]

Originally Posted by Roscoe Conkling

Exactly.
The last couple of weeks have been silence before the quiet before the storm that's coming.
Time to buckle up because it's going to get very bumpy.Global recession bumpy.

Ditto.
I think it's gonna get pretty bad. It'll be a few weeks before layoffs start, but it will come. No economy could withstand all these cancellations and restrictions.
In the meantime there will be these little bull traps that will tempt investors to buy.

[notnamed]

Originally Posted by Listener2307

Ditto.
I think it's gonna get pretty bad. It'll be a few weeks before layoffs start, but it will come. No economy could withstand all these cancellations and restrictions.

Layoffs have started.
https://www.city-data.com/forum/poli...ffs-begin.html

[odanny]

My 401K down 29.4%!

Now that is a record for 25 years of investing on my part. Thankfully I have 3 years to hope it gets back to where it was last month.

[MJJersey]

Originally Posted by odanny

My 401K down 29.4%!

Now that is a record for 25 years of investing on my part. Thankfully I have 3 years to hope it gets back to where it was last month.

Already on the rebound.

[notnamed]

Originally Posted by MJJersey

Already on the rebound.

There's no way we've hit bottom yet. We're just getting started.

[odanny]

Originally Posted by MJJersey

Already on the rebound.

The Feds are pumping it up, are we seeing some layoffs coming that leads to a recession?

[odanny]

Originally Posted by notnamed

There's no way we've hit bottom yet. We're just getting started.

You're right.

https://www.washingtonpost.com/busin...s-coronavirus/

[MJJersey]

Originally Posted by notnamed

There's no way we've hit bottom yet. We're just getting started.

Up almost 1k points. A very good start.

[notnamed]

Originally Posted by MJJersey

Up almost 1k points. A very good start.

A 1 day bounce is not a signal of a recovery. Job loss has started. Businesses are starting to lose serious money. Small mom and pops are begging for business on local groups.