Current Events > Stock Market Crash of 2/24?

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cmiller4642
02/25/20 4:04:57 PM
#52:


Poor hedge fund managers!!!!

Thoughts and prayers
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solosnake
02/25/20 4:05:26 PM
#53:


It going to get a LOT worse before it gets better.

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Solid Snake07
02/25/20 4:06:02 PM
#54:


solosnake posted...
It going to get a LOT worse before it gets better.


Maybe, maybe not

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#55
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krazychao5
02/25/20 4:19:48 PM
#56:


Don't blow your wad over these losses. Keep buying incrementally and work on the dollar value averaging

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Nu_Titan
02/25/20 4:24:59 PM
#57:


meh, a ~10% correction happens like once a year on average and the market had huge gains last year so we were due a pullback. I'll add some more in a few days/weeks when the market settles a bit and probably really start loading up if it gets to the 15%-20% drop range.

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Makeveli_lives
02/25/20 4:27:45 PM
#58:


Ex-Kefiroth posted...
I sure hope so.
As do I. I've been waiting for the housing market to crash again so I can actually afford one.

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whitelytning
02/26/20 8:46:11 PM
#59:


Nu_Titan posted...
meh, a ~10% correction happens like once a year on average and the market had huge gains last year so we were due a pullback. I'll add some more in a few days/weeks when the market settles a bit and probably really start loading up if it gets to the 15%-20% drop range.

...

I'm thinking it's going to be a little bit like today was for a few days; up and down as people are trying to time dip buys. I don't know though, an overall 20% drop seems like it has a good chance of happening.

After hours Microsoft issued the same kind of chinese supply chain warning that Apple did last week. Not a great sign for tomorrow or the next few months.

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1NfamousACE_2
02/27/20 3:50:04 PM
#60:


Whoops

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whitelytning
02/27/20 3:56:46 PM
#61:


About to close at another 1000 point loss for the Dow. I'm getting crushed.

I bought a few puts this morning that are cushioning a little of the hits but damn. Not looking good and I don't see why it will change anytime soon.

California has 8400 people under watch...

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#62
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UnholyMudcrab
02/27/20 3:59:27 PM
#63:


All the gains since September of last year have been wiped now

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MACisBack
02/27/20 4:03:08 PM
#64:


We are heading for the shit.
You can only inflate so long before the bubble pops.

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whitelytning
02/27/20 4:05:13 PM
#65:


Today was officially the worst single day point drop for the Dow and s&p

Dow down 1191

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krazychao5
02/27/20 4:14:25 PM
#66:


woof

who else trying to catch a falling knife?

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1NfamousACE_2
02/27/20 4:17:45 PM
#67:


Are we winning yet?

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The Trent
02/27/20 4:19:43 PM
#68:


whitelytning posted...
Today was officially the worst single day point drop for the Dow and s&p

Dow down 1191

and somehow i'm only down .18%

teledoc is killing by the way
TDOC

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John_Galt
02/27/20 4:23:17 PM
#69:


krazychao5 posted...
woof

who else trying to catch a falling knife?
Yo

bought a bunch of spy near the close, 299.65

ill keep buying if/as we move lower

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tigerslashII
02/27/20 4:42:13 PM
#70:


Lads are we looking at another 2008?

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Solid Snake07
02/27/20 4:46:25 PM
#71:


krazychao5 posted...
woof

who else trying to catch a falling knife?


Ive been buying more than I have all of last year, but still keeping plenty sidelined.

Short term pain for long term gain

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Squall28
02/27/20 4:48:01 PM
#72:


Lost like $20k oof

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Solid Snake07
02/27/20 4:48:57 PM
#73:


tigerslashII posted...
Lads are we looking at another 2008?


Highly doubt it. The fear is the virus is gonna slow down the economy in china, which will ripple globally. And it very well could

2008 was a bit worse than a simple recession

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Talk2DaHand
02/27/20 4:49:14 PM
#74:


Ex-Kefiroth posted...
I wish. but right now it's only a 3% drop, and we'll probably gain it all back by the end of the week, unfortunately.

Lmao

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SK8T3R215
02/27/20 4:49:43 PM
#75:


tigerslashII posted...
Lads are we looking at another 2008?

No.

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CervusCanadensi
02/27/20 4:51:43 PM
#76:


I'm down $577 from my long-term stuff and wish I could be splurging more on it all right now
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voldothegr8
02/27/20 4:52:13 PM
#77:


tigerslashII posted...
Lads are we looking at another 2008?

This is mostly the result of China coming to a screeching halt, people still aren't leaving their homes. Nothing close to what happened in 2008.
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tigerslashII
02/27/20 5:09:38 PM
#78:


voldothegr8 posted...
This is mostly the result of China coming to a screeching halt, people still aren't leaving their homes. Nothing close to what happened in 2008.
Mark my words there will be layoffs because of this.

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Mark_DeRosa
02/27/20 5:15:26 PM
#79:


Sounds like a good time to invest, who

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lightwarrior78
02/27/20 5:17:27 PM
#80:


tigerslashII posted...
Lads are we looking at another 2008?

A lot of interconnected fundamentals took a hit in 2008 rooted in how a lot of wealth gain was based on bad business that now came to a halt. Everyone rightly panicked because it seemed we'd built a house on a false foundation.

This is a panic attack based mostly on fear of a major economic powerhouse grinding to a halt for reasons largely beyond anyone's control. It will cause some economic and business slowdown, but if wall street wasn't full of panicky idiots, it shouldn't be hitting this hard.

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Nu_Titan
02/27/20 5:18:11 PM
#81:


S&P down more than 10% in last few days, wow. I got quite a bit of cash right now so I'll start buying some stuff if the market continues nosediving more (~15-20%) or starts leveling off (less volatile) in a few days/weeks. I might do a little short term day trading in the meantime since the price action is moving so much right now.

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krazychao5
02/27/20 5:29:52 PM
#82:


Remember lads, time in the market beats timing the market.

Don't miss out by trying to time the bottom. It can jump back up real quick.

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Squall28
02/27/20 5:42:11 PM
#83:


krazychao5 posted...
Remember lads, time in the market beats timing the market.

Don't miss out by trying to time the bottom. It can jump back up real quick.

I bought too early. No extra cash left

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Solid Snake07
02/27/20 6:02:30 PM
#84:


Squall28 posted...
I bought too early. No extra cash left


Gotta buy in incrementally, not blow your wad all at once.

Still, you'll probably make money long term.

What did you buy on the dip if you don't mind me asking?

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Mark_DeRosa
02/27/20 6:16:52 PM
#85:


Thinking about putting money in under armor

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Squall28
02/27/20 6:30:51 PM
#86:


Solid Snake07 posted...
Gotta buy in incrementally, not blow your wad all at once.

Still, you'll probably make money long term.

What did you buy on the dip if you don't mind me asking?

Bought $6k of Voo at 298. I developed a habit of buying around $5k each time because there used to be a fee per transaction. I also used to deviate and buy different stuff so it was nice to hold a more significant share.

I used to only buy a few shares of stuff, and it felt like not a big enough chunk to care about. And when I add more to it later, it always irked me I was paying more for it lol.

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CE_gonna_CE
02/28/20 9:11:16 AM
#87:


Looks like today is shaping up to be another bust. Im happy I picked up TVIX when I did.

The Trent posted...


teledoc is killing by the way
TDOC
TDOC is crazy.

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Turbam
02/28/20 9:14:31 AM
#88:


Do I buy now?

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BignutzisBack
02/28/20 9:27:46 AM
#89:


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#90
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tigerslashII
02/28/20 9:41:44 AM
#91:


Dow opened down another 700 points. I'm putting 25% of my play money in now and gonna see what happens before I move the rest.

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#92
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tigerslashII
02/28/20 9:57:57 AM
#93:


Down 900 and falling, someone queue up Komm Susser Tod in here.

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The Trent
02/28/20 10:03:33 AM
#94:


tesla has been absolutely hammered

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krazychao5
02/28/20 10:13:18 AM
#95:


The Trent posted...
tesla has been absolutely hammered
As they should be. It's all speculation.

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solosnake
02/28/20 10:16:27 AM
#96:


https://www.youtube.com/watch?v=ddTFmGx-BzA


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#97
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whitelytning
02/28/20 10:40:59 AM
#98:


I expected it to go down again today but not by 1000 pts by 10:00 lol. I really don't think the bottom will come until there is more known about the virus.

I'm doing a mix of buying short term puts and buying stocks that don't have business in China that are down. I'm not being greedy and selling puts pretty quickly when I have a decent gain except for a longer term play on LVS.

This morning I bought EWY and EWJ puts for next week because I think by Monday the number of cases in Korea and Japan will be very high and I can hopefully sell after a big drop over the weekend.

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Ps2Twilight
02/28/20 10:42:28 AM
#99:


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Solid Snake07
02/28/20 3:33:17 PM
#100:


This is awesome. I've grown my portfolio's dividend yield by around 1/3 in a couple of weeks on the cheap.

Keep it coming

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whitelytning
03/01/20 5:31:31 PM
#101:


Not sure what to expect for tomorrow. I feel like there will be a little bit of a comeback and am not sure what people will make of the news from the weekend.

Chinese manufacturing was down way bigger than expected.
Gaming revenue in Macau was down almost 90%.
First US death.
But also very few new cases in the US.

I feel like a lot of people were expecting a bunch of new cases by Monday and that didn't happen.


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