Financial Markets Meltdown - Page 13

Twisted Canuck · #**361** 03-08-2020, 07:14 PM

Quote:

Originally Posted by fishnguy

With the news from Italy and elsewhere and failed oil talks, the melt tomorrow will be epic. Record drop in one day? I wonder.

It's going to be a bloodbath.

Justfishin73 · #**362** 03-08-2020, 07:16 PM

Quote:

Originally Posted by fishnguy

With the news from Italy and elsewhere and failed oil talks, the melt tomorrow will be epic. Record drop in one day? I wonder.

I think tomorrow could very well be one of the worst days in the markets ever. Oil collapsing is the straw that broke the camels back. Not good. Not good at all.

pikeman06 · #**363** 03-08-2020, 08:42 PM

Brace yourselves. All that toilet paper everyone has been buying can be used to wipe the tears away as well as the mess in your trousers when you realize how much you've lost on your investments. Glad I bailed.

bsmitty27 · #**364** 03-08-2020, 08:51 PM

I wish luck to everyone in the ride that's about to happen. Here's hoping that when it's over, it leaves everyone in a place they are comfortable.
There will be winners and losers. I hope everyone can use some tact over the next while.
Keep your stick on the ice!
Brad

Zip-in-Z · #**365** 03-08-2020, 09:35 PM

If you've done nothing till now ... you have to look at it as it's all on paper and just ride out the storm.

Best of luck next week ... unless you still own that gold mine in the YK.

D.

As of March 08th ....

EDIT: .... still in Palm Springs for another month, on tonight's news they said the first C-Virus case was reported in Rancho Mirage, sure got the locals excited, the entire Coachella Valley is one big community nursing home.

.

thenaturalwoodsman · #**366** 03-08-2020, 09:52 PM

Quote:

Originally Posted by Justfishin73

I think tomorrow could very well be one of the worst days in the markets ever. Oil collapsing is the straw that broke the camels back. Not good. Not good at all.

Yah! Wow! Oil/OPEC who knows what tomorrow or the weak even brings! Compounded with the stress of the Virus!

Jigsalot · #**367** 03-08-2020, 10:04 PM

Quote:

Originally Posted by thenaturalwoodsman

Yah! Wow! Oil/OPEC who knows what tomorrow or the weak even brings! Compounded with the stress of the Virus!

Things will work out people. The markets will recover after a crash. They always do. Only thing that concerns me is the USA in this virus. States not at all prepared and look who is president lol

thenaturalwoodsman · #**368** 03-08-2020, 10:12 PM

Quote:

Originally Posted by Jigsalot

Things will work out people. The markets will recover after a crash. They always do. Only thing that concerns me is the USA in this virus. States not at all prepared and look who is president lol

Sheesh! You have faith here in Canada and Trudeau? Last I checked we/he (Trudeau) was still good flying into China!!!!!

Jigsalot · #**369** 03-08-2020, 10:17 PM

Quote:

Originally Posted by thenaturalwoodsman

Sheesh! You have faith here in Canada and Trudeau? Last I checked we/he (Trudeau) was still good flying into China!!!!!

Nope. Can’t stand that guy. He can’t get anything accomplished. He also makes our country look bad.

thenaturalwoodsman · #**370** 03-08-2020, 10:18 PM

Quote:

Originally Posted by Jigsalot

Nope. Can’t stand that guy. He can’t get anything accomplished. He also makes our country look bad.

Oh...

Buckhead · #**371** 03-08-2020, 10:48 PM

I’m waiting for the markets to drop some more.
Below 22,000 on the Dow and 2,000 on the S&P 500.
That’s where the real fun begins.

thenaturalwoodsman · #**372** 03-08-2020, 11:01 PM

Quote:

Originally Posted by Buckhead

I’m waiting for the markets to drop some more.
Below 22,000 on the Dow and 2,000 on the S&P 500.
That’s where the real fun begins.

OPEC/Virus could test the teens on the Dow!

Johnny G1 · #**373** 03-08-2020, 11:23 PM

Can we not just but the Turd a ticket to go on a cruise some where or a plane ticket to Asia???? Lol

fishnguy · #**374** 03-08-2020, 11:29 PM

Quote:

Originally Posted by Buckhead

I’m waiting for the markets to drop some more.
Below 22,000 on the Dow and 2,000 on the S&P 500.
That’s where the real fun begins.

So mid next week, or end of it at the latest? Lol.

1stLand · #**375** 03-08-2020, 11:29 PM

If a person has their investments in a robo-advisor platform like wealthsimple and its all in CASH at the moment, what would be a good risk profile to get back in the market at when it reaches bottom?

A 9 or 10 (portfolio made up of various ETFs and no bonds) risk profile to capitalize on equity growth when the market recovers? Or a balanced portfolio of 60/40 weighting?

raab · #**376** 03-08-2020, 11:59 PM

Quote:

Originally Posted by 1stLand

If a person has their investments in a robo-advisor platform like wealthsimple and its all in CASH at the moment, what would be a good risk profile to get back in the market at when it reaches bottom?

A 9 or 10 (portfolio made up of various ETFs and no bonds) risk profile to capitalize on equity growth when the market recovers? Or a balanced portfolio of 60/40 weighting?

If a person doesn’t follow it closely, and can’t value a company. Their best bet is to dollar cost average the S&P 500 or Dow Jones Index fund. I would take your age and substract it from 100 to figure out how much to keep in cash, and how much to invest. The number you come up with is the percentage you invest in the index fund. The rest just leave in cash given the return on bonds, the liquidity of cash is worth more. If you really want to have it invested somewhere safe maybe a GIC.

Buckhead · #**377** 03-09-2020, 12:11 AM

Quote:

Originally Posted by fishnguy

So mid next week, or end of it at the latest? Lol.

I don’t try and time the markets. Or even pay much attention to the news.
Too much static. I have my own indicators and strategy that works for me and
allows me to sleep at night. Is it always right? No, not even close, but more often than not, and I am happy with that.

Map Maker · #**378** 03-09-2020, 12:46 AM

This to will pass.
When you think I’ll never put a penny in the markets, that’s when you want to buy.

Justfishin73 · #**379** 03-09-2020, 06:59 AM

Quote:

Originally Posted by Justfishin73

My uneducated guess is 22,000-23,000. I think the market was wildly overbought and overinflated. I was waiting for a 20% correction regardless of the virus, which does put a whole new spin on things though.

With what happened with oil overnight,futures were stopped out. Look for limiters on the market to be used today. Rethinking that 22,000 -23,000 to possible sub 20,000. Ugly is an understatement.......

KinAlberta · #**380** 03-09-2020, 07:49 AM

Falling markets are opportunities when they fall below their intrinsic value with a margin of safety added. Plus falling energy prices are stimulative at some point too.

So those who sold high and are sitting on a lot of cash now will eventually start licking their lips.

Too bad though that most asset classes and equity markets allowed themselves to be pumped up to such extreme valuations. Bursting bubbles are always very ugly to those taking the massive hits.

elkhunter11 · #**381** 03-09-2020, 08:35 AM

The Dow opened down 1800, and the TSX down 1400, this is looking even worse than most people expected.

Justfishin73 · #**382** 03-09-2020, 08:40 AM

Limiter #1 effected on the DOW

KinAlberta · #**383** 03-09-2020, 08:42 AM

Quote:

Originally Posted by Justfishin73

Limiter #1 effected on the DOW

People love market interference on the downside.

I wonder if the Roaring 20s are already over. :-)

Actually in the early 1920s there was a quick short market dip (recession) then a recovery into the insanity of the real “Roaring ‘20s” before the 1929 crash. Maybe history will repeat itself.

fishnguy · #**384** 03-09-2020, 08:45 AM

Quote:

Originally Posted by elkhunter11

The Dow opened down 1800, and the TSX down 1400, this is looking even worse than most people expected.

I wasn't kidding when I said 22,000 by midweek.

elkhunter11 · #**385** 03-09-2020, 08:47 AM

The TSX has been suspended.

KinAlberta · #**386** 03-09-2020, 08:49 AM

All that toilet paper might be coming in handy now. :-)

Jim Blake · #**387** 03-09-2020, 08:50 AM

Quote:

Originally Posted by elkhunter11

The TSX has been suspended.

Meanwhile, high on the Liberal agenda today is a modification of Conversion Therapy Legislation

fishnguy · #**388** 03-09-2020, 08:59 AM

Quote:

Originally Posted by KinAlberta

All that toilet paper might be coming in handy now. :-)

When one is ****ting bricks, I don’t think toilet paper is very useful

fishnguy · #**389** 03-09-2020, 09:03 AM

Quote:

Originally Posted by Jim Blake

Meanwhile, high on the Liberal agenda today is a modification of Conversion Therapy Legislation

Many will need therapy during this and probably after, so it looks like they are on top of it.
Look at this guy though, it appears he is on top of it too:

Scott h · #**390** 03-09-2020, 09:12 AM

Quote:

Originally Posted by Map Maker

This to will pass.
When you think I’ll never put a penny in the markets, that’s when you want to buy.

I agree. Once the pandemic has passed the markets will gradually settle and there will be buying opportunities (they may however look completely different than what we lost money on at this point in time).