Discussion Official 2020 Stock Market Thread

MomentsofSanity · Mar 12, 2020

Breaker 2.

One more and we are done for the day.

IronWing · Mar 12, 2020

So what do traders do during pauses? Sip tea, listen to panicked customers?

The exchanges themselves make boatloads of money on the churn, right? Owning an exchange would be good during a panic?

jpiniero · Mar 12, 2020

JEDI said:
there's a -10%?
from a previous post, thought next was -13%?

You're right, it's -13% and not -10%.

JEDI · Mar 12, 2020

MomentsofSanity said:
Breaker 2.

One more and we are done for the day.

wha? when did that trip?
my brokerage tickers are still going

FelixDeCat · Mar 12, 2020

Be careful trading today. I was trading when the Flash Crash happened. Stocks fell over 50% in some cases in a matter of minutes. My jaw dropped and I started buying. The market halted.

Later there was an announcement that all trades made during that time would be cancelled! My jaw dropped again.

There may be an early close today and market holiday tomorrow. No trading just like what happened after 9-11.

MomentsofSanity · Mar 12, 2020

JEDI said:
wha? when did that trip?
my brokerage tickers are still going

Yeah was an error on my part. She halted briefly and I didn't check the numbers. Wasn't an official circuit breaker 2

JEDI · Mar 12, 2020

back in 6figure short of oil at $31.
lost out on 5figures profit on today's drop when I sold my short 2 days ago

still have whiplash over how fast Russia rushed back to wanting OPEC talks, which caused me to cover the short.
then the speed in which Saudi said no to Russia for new talks

ponyo · Mar 12, 2020

zinfamous said:
hehe, "boomer stocks."

I take comfort knowing uncle Warren stocks are getting hit harder than mine.

ponyo · Mar 12, 2020

Boeing is starting to get interesting. If it drops another $30 or so I might start buying some.

s0me0nesmind1 · Mar 12, 2020

FelixDeCat said:
Be careful trading today. I was trading when the Flash Crash happened. Stocks fell over 50% in some cases in a matter of minutes. My jaw dropped and I started buying. The market halted.

Later there was an announcement that all trades made during that time would be cancelled! My jaw dropped again.

There may be an early close today and market holiday tomorrow. No trading just like what happened after 9-11.

What makes tomorrow a market holiday?

K1052 · Mar 12, 2020

ponyo said:
Boeing is starting to get interesting. If it drops another $30 or so I might start buying some.

I'm not touching that with a 10 foot pole made out of other people's money.

FelixDeCat · Mar 12, 2020

s0me0nesmind1 said:
What makes tomorrow a market holiday?

A market holiday can be declared at any time. Its an extreme measure. It just means no trading for the day.

One is not scheduled for tomorrow, I was just speculating. I am personally staying out for today.

cytg111 · Mar 12, 2020

K1052 said:
I'm not touching that with a 10 foot pole made out of other people's money.

Yea, the MAX and the SLS aka trillion ton paper weights. Nope nope nope nope nope nope nope nope.

Svnla · Mar 12, 2020

The water is too choppy for me. Even Buffet is saying in his 89 years, this is the one - two punch - https://www.marketwatch.com/story/w...-to-experience-something-like-this-2020-03-11

I am hoarding my spare cash for now. The already invested money is staying put, no matter what.

s0me0nesmind1 · Mar 12, 2020

Svnla said:
The water is too choppy for me. Even Buffet is saying in his 89 years, this is the one - two punch - https://www.marketwatch.com/story/w...-to-experience-something-like-this-2020-03-11

I am hoarding my spare cash for now. The already invested money is staying put, no matter what.

One of the things I'm pondering right now:

How much of my paycheck to put towards my 401k investment... Since it's something that can only be changed on a 2-week basis (based on paychecks obviously), it can be hard to quickly pump money in when you believe there is a low.

Actually, now that I think about it - Maybe I should set it to max, but put it in a non-investment fund for now just to hold.... then I can make the final decision of when to move it to my investment account.

ponyo · Mar 12, 2020

I'm looking at my watchlist screen and some of the declines I'm seeing are breathtaking. I'm having flashback to 2008 and 2000. Thank goodness I'm on zero margin or else I would be puking up stocks along with them. It's super ugly out there. What I've learned over the years is when you feel like you want to puke, that's when you buy. I've made my buys for today so now I'm sitting tight.

ponyo · Mar 12, 2020

s0me0nesmind1 said:
One of the things I'm pondering right now:

How much of my paycheck to put towards my 401k investment... Since it's something that can only be changed on a 2-week basis (based on paychecks obviously), it can be hard to quickly pump money in when you believe there is a low.

Actually, now that I think about it - Maybe I should set it to max, but put it in a non-investment fund for now just to hold.... then I can make the final decision of when to move it to my investment account.

If you're talking 401k contributions, just keep course or increase to max. But really, the amount of money you're talking about per paycheck is so small, it really won't make that much difference over the longterm since you're likely just buying the index instead of individual names.

s0me0nesmind1 · Mar 12, 2020

ponyo said:
If you're talking 401k contributions, just keep course or increase to max. But really, the amount of money you're talking about per paycheck is so small, it really won't make that much difference over the longterm since you're likely just buying the index instead of individual names.

Don't think it makes some sense to just put it in a money-market account until the storm dies down a bit?

Maybe I'm naively thinking this is just the beginning but.... It looks like were at just the beginning of this pandemic. Majority of people are still going to work, still going to grocery stores, still going out to eat (at least around me they are).

snoopy7548 · Mar 12, 2020

Yeah, I'm officially out (not pulling out). Keeping my 401k contributions as-is, but probably not throwing any of my cash into the market; it's tempting to keep riding the dip by putting a few hundred each week into VTSAX, but I think I may be better off saving my money for now.

[DHT]Osiris · Mar 12, 2020

s0me0nesmind1 said:
Don't think it makes some sense to just put it in a money-market account until the storm dies down a bit?

Maybe I'm naively thinking this is just the beginning but.... It looks like were at just the beginning of this pandemic. Majority of people are still going to work, still going to grocery stores, still going out to eat (at least around me they are).

We are. The notion of actually buying into the stock market at this point is madness... people seem to recall 08/00 as the worst it can get. We're just getting started with COVID-19 in the US, I see no reason why we won't have a few more days of 5-10% drops.

ponyo · Mar 12, 2020

snoopy7548 said:
Yeah, I'm officially out (not pulling out). Keeping my 401k contributions as-is, but probably not throwing any of my cash into the market; it's tempting to keep riding the dip by putting a few hundred each week into VTSAX, but I think I may be better off saving my money for now.

Seriously, you're dollar cost averaging. How much of a loss you think you can take on few hundred dollars you're putting in each week? $20 bucks? Seriously, you're worried about that? Get the fvck out if you're scared about small shit like that.

snoopy7548 · Mar 12, 2020

ponyo said:
Seriously, you're dollar cost averaging. How much of a loss you think you can take on few hundred dollars you're putting in each week? $20 bucks? Seriously, you're worried about that? Get the fvck out if you're scared about small shit like that.

I meant a few hundred grand...

ponyo · Mar 12, 2020

[DHT]Osiris said:
We are. The notion of actually buying into the stock market at this point is madness... people seem to recall 08/00 as the worst it can get. We're just getting started with COVID-19 in the US, I see no reason why we won't have a few more days of 5-10% drops.

If you don't think 08/00 wasn't end of the world type event, you didn't have any money or didn't have much in the market. As someone who lost over million during those declines, shit was scary and felt like end of the world. And I wasn't alone.

[DHT]Osiris · Mar 12, 2020

ponyo said:
If you don't think 08/00 wasn't end of the world type event, you didn't have any money or didn't have much in the market. As someone who lost over million during those declines, shit was scary and felt like end of the world. And I wasn't alone.

Who said it wasn't an end-of-world feeling? I'm just saying, this might end up worse.

I mean, there always has to be a 'worst economic drop in history', why not 2020?

Roger Wilco · Mar 12, 2020

There's a pretty massive rally happening. How high can it go before it all crashes again tomorrow?

Discussion ***Official*** 2020 Stock Market Thread

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Discussion Official 2020 Stock Market Thread