Current Events > Stock market starting to collapse

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21WIVES_CHILL
05/14/20 9:52:49 AM
#1:


Not sure if anyone's seeing this, but the ship is sinking
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KiwiTerraRizing
05/14/20 9:56:20 AM
#2:


The housing market is next, but weve been propping up this shit my printing money for a decade.


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Colorahdo
05/14/20 9:57:04 AM
#3:


Good let the housing market collapse so I can own a house

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21WIVES_CHILL
05/14/20 9:58:07 AM
#4:


KiwiTerraRizing posted...
The housing market is next, but weve been propping up this shit my printing money for a decade.

It's already begun. Go on realtor or Zillow and you'll see them cutting some home prices by $10K-$15k for homes under $1M and $200K for homes starting at $1.5M... this is in San Francisco btw
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1337toothbrush
05/14/20 9:58:27 AM
#5:


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FabIemaster
05/14/20 9:59:00 AM
#6:


Colorahdo posted...
Good let the housing market collapse so I can own a house


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Spellcaster
05/14/20 9:59:13 AM
#7:


Eat the rich

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Doom_Art
05/14/20 9:59:19 AM
#8:


Maybe trying to push everyone back to work and pretend everything is normal during a historic pandemic was a bad idea

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AFrench2
05/14/20 10:00:20 AM
#9:


This topic is stupid, and I should ignore you for this crap.

Stock prices were at almost 19,000 like a month ago.

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Turtlemayor333
05/14/20 10:03:31 AM
#10:


For all the money that's been spent they could have given every American about 15,000 dollars each

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KnightofShikari
05/14/20 10:03:40 AM
#11:


21WIVES_CHILL posted...
It's already begun. Go on realtor or Zillow and you'll see them cutting some home prices by $10K-$15k for homes under $1M and $200K for homes starting at $1.5M... this is in San Francisco btw
so that shed behind someone's backyard will be under 6 figures soon

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alimajor
05/14/20 10:05:00 AM
#12:


Its time to buy boys! Gonna buy all the Delta stocks
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Parappa09
05/14/20 10:05:41 AM
#13:


Colorahdo posted...
Good let the housing market collapse so I can own a house


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Hexenherz
05/14/20 10:08:48 AM
#14:


I purchased 4 TVIX when it was still over $250 so I'm kind of glad to see it going back up again -_-

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CableZL
05/14/20 10:09:00 AM
#15:


KnightofShikari posted...
so that shed behind someone's backyard will be under 6 figures soon

Time for an even she-she-er she-shed!

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cloudrivera
05/14/20 10:10:01 AM
#16:


Colorahdo posted...
Good let the housing market collapse so I can own a house


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TheMikh
05/14/20 10:10:02 AM
#17:


damn, so i guess we were just having a dead cat bounce

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fan357
05/14/20 10:10:11 AM
#18:


My friend just sold his house for 5k more than what its worth. This is Indiana though.

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alimajor
05/14/20 10:12:52 AM
#19:


Hexenherz posted...
when it was still over $250 so I'm kind of glad to see it going back up again -_-


Is it worth buying now?
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absurdForest
05/14/20 10:14:35 AM
#20:


it'll be fine.
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NightMarishPie
05/14/20 10:16:05 AM
#21:


alimajor posted...
Its time to buy boys! Gonna buy all the Delta stocks
Lol I was just eyeing up Delta and oh man does it look good.

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cerealbox760
05/14/20 10:20:14 AM
#22:


people bought wrong dip. April was the best this year for stocks. Its armageddon from here. No stimulus plan wont save us.

And while everyone is too busy enjoying the beaches and disregarding the threat of the corona, you should be stockpiling before the masses realizes how screwed they are. Once those unemployment benefits wear out, poop is going to hit the fan.
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cerealbox760
05/14/20 10:23:29 AM
#23:


alimajor posted...
Is it worth buying now?
Nope. It bounced right on the .618 fib levels. Huge red flag. Perfect opportunity for a short.
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Squall28
05/14/20 10:25:09 AM
#24:


I don't know why, but this second dip makes me feel a lot worse than the first dip.

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Hexenherz
05/14/20 10:27:45 AM
#25:


alimajor posted...
Is it worth buying now?
I personally wouldn't but I'm also hoping it goes up so I don't lose too much on this.

I feel like they had time to "recharge their batteries" so to speak. But we'll see what happens.

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DevsBro
05/14/20 10:35:28 AM
#26:


People have the stock market all wrong because they don't know how to extrapolate.

It goes down, people think "prices are low, time to buy!"
It goes up, people think "prices are high, time to buy!"

Then they end up wasting their money when the trend continues lol.

No, you gotta watch more derivatives. If it's gone down a couple days in a row and it's getting worse every day, it's time to consider selling to cut your losses. If it's gone up a couple days in a row and it's getting better every day, it's time to consider buying.

Of course, if you're trading individual stocks instead of managing an account, you don't have that kind of inertia.

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alimajor
05/14/20 10:48:45 AM
#27:


Hexenherz posted...
I personally wouldn't but I'm also hoping it goes up so I don't lose too much on this.

I feel like they had time to "recharge their batteries" so to speak. But we'll see what happens.

Ahhh, I wont risk it then

NightMarishPie posted...
Lol I was just eyeing up Delta and oh man does it look good.

I just bought a few more shares, I'm pretty confident in Delta's ability to bounce back after all of this but we'll see
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J03can
05/14/20 10:58:20 AM
#28:


The day before the lockdowns started, i sold my house for $550,000. Bough it in 2013 for $295,000 and put maybe $20,000 into it over the span of living there.
Very happy with how i did

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Omega Hunter
05/14/20 12:32:24 PM
#29:


Dow Jones just turned positive...some meltdown.

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Spellcaster
05/14/20 12:33:12 PM
#30:


Omega Hunter posted...
Dow Jones just turned positive...some meltdown.

Dead
Cat
Bounce

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deupd_u
05/14/20 12:34:18 PM
#31:


What a dumb topic.

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apocalyptic_4
05/14/20 12:35:04 PM
#32:


I've been buying small on daily lows for weeks now I'm going long on everything.

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CableZL
05/14/20 12:36:52 PM
#33:


I guess it wasn't time for that even she-she-er she-shed after all

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UnholyMudcrab
05/14/20 12:58:39 PM
#34:


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DevsBro
05/14/20 1:02:23 PM
#35:


DevsBro posted...
It goes down, people think "prices are low, time to buy!"
It goes up, people think "prices are high, time to buy!"
Oops.

It goes up, people think "prices are high, time to sell!"

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Sariana21
05/14/20 1:08:33 PM
#36:


fan357 posted...
My friend just sold his house for 5k more than what its worth. This is Indiana though.
If someone bought it for that price, then that's what it was worth. Do you mean $5k more than it was appraised?

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SK8T3R215
05/14/20 1:59:00 PM
#37:


>collapse
>basically flat over the last month

me: ok

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REMercsChamp
05/14/20 1:59:56 PM
#38:


My stocks are up from yesterday on average

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#39
Post #39 was unavailable or deleted.
Dat_Cracka_Jax
05/14/20 2:35:46 PM
#40:


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Solid Snake07
05/14/20 2:42:15 PM
#41:


Colorahdo posted...
Good let the housing market collapse so I can own a house


If you can't afford a house now, you're not gonna be able to get a loan then

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GoHomeGoober
05/14/20 2:44:51 PM
#42:


The market will always go up over time. The problem for most people is, that works best if have millions of dollars you don't need and can afford to park in investments. For the average person, the gains aren't that much.
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berlyman101
05/14/20 2:46:02 PM
#43:


depends, the nasdaq should be fine. but yeah travel-related market is feeling the crunch. I'm not sure if anything will collapse as hard as Mid-March from here, though.

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mustachedmystic
05/14/20 2:46:08 PM
#44:


*pulls out phone* The Dow's up 84 points. Basically unchanged from yesterday.

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Solid Snake07
05/14/20 2:46:50 PM
#45:


GoHomeGoober posted...
The market will always go up over time. The problem for most people is, that works best if have millions of dollars you don't need and can afford to park in investments. For the average person, the gains aren't that much.


Compounding interest is an amazing thing

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Colorahdo
05/14/20 2:48:37 PM
#46:


Solid Snake07 posted...
If you can't afford a house now, you're not gonna be able to get a loan then

If a 400k 2br house drops to 200k because second home owners flee the area and Airbnb hosts foreclose, I still can't afford it? Huh?

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whitelytning
05/14/20 2:58:52 PM
#47:


I'm looking at Home Depot and Lowes earnings at the end of this month and bought a bit of both this morning to sell after great earnings.

Generally, I think the market is overpriced and should be much lower than it is. This is the 5th or 6th Thursday in a row with historically bad unemployment numbers and the market has gone up each of those days. We have lost an estimated 100,000 small businesses already. There is more signs of an increase in COVID cases than decreases. Yes, money is cheap and Trump is doing everything he can to prop the market up but the market shouldn't be this high right now.

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Solid Snake07
05/14/20 2:58:56 PM
#48:


Colorahdo posted...
If a 400k 2br house drops to 200k because second home owners flee the area and Airbnb hosts foreclose, I still can't afford it? Huh?

Sure, if you've got 40k to put down and make 70k a year with good credit

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John_Galt
05/14/20 3:30:58 PM
#49:


Lol

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