Riding the storm hopefully to catch a wave on the way up, just like 2008! Selling low makes no sense to me. Had I sold on Friday, the 21st, maybe a different story, but even then how do you know when to jump back in?
Just ride it out. Don’t sell. When we get past our fear of the virus, and things get back to normal, the market is going to zoom back up.
Yep. I did sell early last week to lock in the gains. All the stuff I sold is currently below what I sold for, some significantly, so today, I could buy back the same stuff I had and be better off than if I had not sold. But the virus and the supply chains have me worried. Honestly, I'm not cut out for riding this roller coaster. I may start easing back in though....
Nobody on earth can repair a runway faster than the Chinese. I wouldn't worry much about the supply chain now that they've turned the corner.
Well, this morning I bought back some of the stocks I had, at reduced prices. Now we'll just ride it out...
I'm certainly not panicking like the nervous nellies on Wall Street who freak out at the slightest whiff of uncertainty. I'll ride this panic out the same way I rode out the Crash. What I'm hoping is that people/companies learn a lesson from all this and respond accordingly.
And we're back over 26K... Hopefully, people are finally through losing their ****. This last week has been a carnival of fear feeding on fear...
Not worried here, there is real solidity to Trump's economy, and I think he'll be re-elected. Thank goodness Hillary isn't POTUS, she wouldn't have frozen travel from China in January, it would have been racist or something.
It's hard to say where people's minds are right now. As my wife says, it's all a confidence game. As for corrections, I thought the market was a bit over-priced before the panic.
That is true. I view stock investment as a form of gambling. The difference is that the stock market always climbs in the long run because of inflation. I don't think it keeps up with inflation very well if at all.
That's one reason why I think we've seen the worst of this sell-off. I think the weekend and the talk about a rate cut helped, too.
I was buying.....glad I did stocks are back up today after the President's Press Conference on Saturday. Doesn't look like the fearmongering worked
Closed the day with a 1,294 point increase... And I'm going to make a bet that the dems don't credit Trump for it even though a couple of days ago it was all Trump's fault that the market cratered.
