Is the stock market going to tank?

**powdork** · 03-18-2020, 11:01 PM

Originally Posted by rideit

A dog died of it somewhere today, I’ll try and find a link.

https://www.marketwatch.com/story/pe...ree-2020-03-18

To be fair. the dog had been declared virus free, and was 17 years old. So it's not for certain it died of the coronavirus

**rideit** · 03-18-2020, 11:05 PM

Good point.

Here’s some good news

https://www.akc.org/expert-advice/ne...t-coronavirus/

**TAFKALVS** · 03-19-2020, 07:07 AM

Originally Posted by Ted Striker

I particularly like this iteration of your handle. LVS may disagree.

Only pandemic upside is more quality time with the canines.

I like it

**up an down** · 03-19-2020, 07:08 AM

Originally Posted by the artist formerly known as brostoyevski

Followed by a 7.5% drop while I walked my dog.

Yeah, it's like watching a tennis match.....I think I will still dip a toe in this morning, but it will be the small toe.. Like maybe 5% of my account...I called Vanguard and asked a stupid question that I had expected that I knew the answer too... If Vanguard had a fund that was actually cash instead of money market... No is the answer... So.. Hopefully the Fed plan to support money market funds is successful... I don't want to be so worried that I feel that I have to ask for a IRA distribution to be transferred to a bank account ... But if it gets that bad maybe I won't have to worry about paying taxes.

**Mazderati** · 03-19-2020, 07:21 AM

GM stock was essentially zeroed out after the 2009 bailout. People are calling for the same for any company that takes a bailout now. Likelihood BA or airline stocks go to zero?

**4matic** · 03-19-2020, 07:46 AM

No reason to zero out if not bankrupt. If bankrupt then why not. That’s a better deal for taxpayers.

**Cono Este** · 03-19-2020, 08:27 AM

Originally Posted by Benny Profane

Very creepy going to the local mall today which was open, but had maybe 15% of cars normally parked. Dicks was sold out of dumbbells.

Get some bands. I spent 3 months in insolation at my dads place In southern Chile, choking on cigarette smoke, and they worked great.

Old swimmer tools.

Sent from my iPhone using TGR Forums

**Benny Profane** · 03-19-2020, 08:37 AM

So, how much in percentage is the S&P down from the peak at this point?

**Mazderati** · 03-19-2020, 08:41 AM

Around 30%.

**4matic** · 03-19-2020, 08:44 AM

quick math gave me 32-33% hi to low

**Ted Striker** · 03-19-2020, 08:50 AM

32% ish high to low, but it's trending up atm.

**4matic** · 03-19-2020, 09:04 AM

2400 acting as a pivot. Pretty common on an expiration day(s) to have an even number get squeezed throughout the day.

**4matic** · 03-19-2020, 09:10 AM

$10 12% range on JPM today.

**Mazderati** · 03-19-2020, 09:12 AM

**3213256479+8** · 03-19-2020, 09:26 AM

The market essentially bottomed 3/12 with afew minor undercuts to trap shorts. Rally of 20% very possible, but don't think the epoch is over once it's underway. Sell into the rally & raise cash to go shopping for good&cheap opportunities over the next year.

nasdaq>>

**MultiVerse** · 03-19-2020, 09:36 AM

Originally Posted by the artist formerly known as brostoyevski

The market essentially bottomed 3/12

I hope you're right but we haven't seen key economic indicators yet. Back to back months of worsening jobs reports and markets tumbling lower doesn't seem out of the question. OTOH, this thing could still be "V" shaped if the U.S. gets its health response act together.

**AdironRider** · 03-19-2020, 09:38 AM

Something tells me that technical analysis might not be super reliable during a pandemic induced panic event.

**3213256479+8** · 03-19-2020, 09:41 AM

Originally Posted by MultiVerse

I hope you're right but we haven't seen key economic indicators yet. Back to back months of worsening jobs reports and its hard see how markets rally.

By bottom I mean bottom of the first inning of the bear market. Down 30%, up 15%, down 30%, up 20%, down 25%, etc.

**Benny Profane** · 03-19-2020, 09:42 AM

Originally Posted by the artist formerly known as brostoyevski

By bottom I mean bottom of the first inning of the bear market.

Let's keep baseball out of this. It hurts to think that won't exist soon.

**MiddleOfNight** · 03-19-2020, 09:46 AM

Originally Posted by the artist formerly known as brostoyevski

By bottom I mean bottom of the first inning of the bear market. Down 30%, up 15%, down 30%, up 20%, down 25%, etc.

yea probably.

what's the collective thought on index's right now? Wondering if its a good time for vanguard .. looks like it's around 2017 numbers.

**MultiVerse** · 03-19-2020, 09:47 AM

Originally Posted by the artist formerly known as brostoyevski

By bottom I mean bottom of the first inning of the bear market. Down 30%, up 15%, down 30%, up 20%, down 25%, etc.

Yeah I discerned that's what you meant but even then, per AdironRider, this isn't a typical bear market.

**4matic** · 03-19-2020, 09:48 AM

Originally Posted by MultiVerse

this isn't a typical bear market.

87, 2000, 2008. Pretty similar in character.

**Benny Profane** · 03-19-2020, 09:50 AM

Except, no world pandemic. Minor detail, for sure.

**3213256479+8** · 03-19-2020, 09:53 AM

If humans are involved, it won't be a point A - point B 1-time repricing of risk without mistakes. Humans add noise & irrational pivots, so severe selloff -> desperate relief rally --> oh my god it's real selloff makes a lot of sense. But the context is to prevent you from buying heavy now as it's likely to get sold off before long. Lots of boomers & money managers are trapped. They need out but there isn't enough liquidity. So "let the credit spreads narrow a bit and we'll come back at em" is in play, I think.

**LeeLau** · 03-19-2020, 10:06 AM

I posted earlier about bottom fishing Suncor SU due to its retail arm. Pulled my buys based on the 10K and price of WCS western Canadian Select

Su produces at 26

Syncrude sub produces at 33

Bought back 7% of shares since 2017. Why?

PetroCan retail sub is small %. So small its rolled into refinery and marketing

17b debt. 4.2b by 2023