S&P 500 just halted trading

[Diondon]

Funny thing is this aint gon get rid of Trump.

 

[Piff Perkins]

Goldman Sachs projections suggest the recession will be closer to 2001 than 2008, which is good.

Major problem here is a completely incompetent president. The market is always gonna drop but when the president is obsessed with the daily movement you get a clown show.

 

[Kyle C. Barker]

Goldman Sachs projections suggest the recession will be closer to 2001 than 2008, which is good.

Major problem here is a completely incompetent president. The market is always gonna drop but when the president is obsessed with the daily movement you get a clown show.

Yup. A clown show and over promises like a motherfukker.

The market actually responded really well last friday after his announcement about drive through testing and this new Google app that was being built by 1700 engineers that would point you to the nearest drive through facility... Then by Saturday everyone realized he was lying and the market dropped accordingly....

 

[humminbird]

Should I buy the dip or keep waiting for it to fall further

i'm not giving advice but i'm starting to buy the stores like tgt,wmt,kroger
it's still too violatile for the other stocks.
apple had the nerve to announce an $800 ipad with a $350 keyboard as an accessory

 

[Kyle C. Barker]

I agree

but I fear we are so woefully unprepared that we don’t have the infrastructure for it.

Yeah

You already know

 

[Rusty$hackleford]

If Boeing takes a bailout, there is a possibility that your entire investment gets wiped out. For companies thinking about bailout money, the best move you can make is to wait and see.

GM took the TARP bailout and the shareholders lost everything. They then re-organized and re-IPO'd. The lay person gets robbed in these situations. Don't be one of them. Be patient.

Thanks, didn't even know they could do that, and almost certain a bailout is coming for them. I'll have to read up on that. Rep

 

[Kyle C. Barker]

If Boeing takes a bailout, there is a possibility that your entire investment gets wiped out. For companies thinking about bailout money, the best move you can make is to wait and see.

GM took the TARP bailout and the shareholders lost everything. They then re-organized and re-IPO'd. The lay person gets robbed in these situations. Don't be one of them. Be patient.

I basically got robbed fukking with Citibank back in 2008.

Bought their stock at 5 bucks a share because it seemed like a steal of a price since they were at $60 a share not long before.

After they got thier bailout they did a reverse stock split just to make themselves look better and wipe away thier flaws. So my 10 $3 dollar shares turned to 1 $30 share (using those numbers to simplify but that's about the ratio iirc).


citibank stock price - Google Search

After the split they went up to $30 a share and you can't even tell that they were once only worth $3 a share... b*stards

Looking at them now they're "back" down to $30/share

 

[Mr. McDowell]

Thanks, didn't even know they could do that, and almost certain a bailout is coming for them. I'll have to read up on that. Rep

I tried to tell my Dad and Uncle they might want to go cash for a little bit (in a brokerage money market) and I believe my Dad did so. My Uncle was somewhat dismissive. He has bread though, so it shouldn't hurt too much, but still the market has fallen over 33% in less than a month. And people are still saying "buy the dip." It's madness. Entire cities aren't working now. It's going to get worse. If you play it right, you'll come out of this with a lot of gains, provided of course that when you capture said gains, you don't hold them forever trying to be greedy.

 

[Mr. McDowell]

I basically got robbed fukking with Citibank back in 2008.

Bought their stock at 5 bucks a share because it seemed like a steal of a price since they were at $60 a share not long before.

After they got thier bailout they did a reverse stock split just to make themselves look better and wipe away thier flaws. So my 10 $3 dollar shares turned to 1 $30 share (using those numbers to simplify but that's about the ratio iirc).


citibank stock price - Google Search

After the split they went up to $30 a share and you can't even tell that they were once only worth $3 a share... b*stards

Looking at them now they're "back" down to $30/share

People are talking about not timing the bottom. I wonder if they don't understand math. Who cares about the bottom?

If the bottom is -70% and I buy at -55%, I still did better than someone who kept buying all the way to the bottom. Most importantly, I am not competing against other people. Once I hit my number, I am moving the bulk of the money out of the market forever. Most people (at least on reddit) keep talking about some distant future retirement. Some of us don't want to work ever again right today. Why would I want to retire in 25-30 years? I am over the rat race now.

 

[calixprynce]

Goldman Sachs projections suggest the recession will be closer to 2001 than 2008, which is good.

Major problem here is a completely incompetent president. The market is always gonna drop but when the president is obsessed with the daily movement you get a clown show.

most "experts" are saying the economy will contract around 8% , that's around 1.5x as 2008

 

[Saysumthinfunnymike]

I was too tempted there are a lot of absolute potential steals in the market right now. Also, it's fun..

 

[Samori Toure]

But the longer this global pandemic continues the stock market will drop again. Unless they get in under control asap. You think it will fall further?

Yes. It was going to fall anyway, because it was grossly inflated due to that Trump/Paul Ryan tax cut that was totally unnecessary; and due to fewer regulations on the markets. Now they are just pumping money down a hole and the greedy crooks are making a cash grab. Trump is a conman and anything that he is involved with is part of the big con.

Another thing that Trump has been lying about are those job reports.

 

[Family Man]

Looked at my 401k and it's down 27%. My wife's down 15%. Years of bread gone in a matter of days.

Best thing I did was liquidate my E-Trade account at the end of 2019.

 

[Arianne Martell]

Does anyone Know if the housing market will get hit as well?

 

[Kyle C. Barker]

Does anyone Know if the housing market will get hit as well?

I'm looking at that as well. Courthouses shutting down will definitely put a screech to home sales (think titles).

And who the hell is trying to go to a random open house and catch that rona




Let alone host an open house that your trying to put on the market to a bunch of walking petri dishes