General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsNo "dead cat bounce"
This is just a tank.
I traded for years online...this is a problem. No sugar coating. There is a bottom somewhere but I dont see it.
Liberal In Texas
(13,570 posts)When it goes up, it's him. Down somebody else, preferably an enemy.
Some bargain hunting yesterday that didn't last long, so I suppose that isn't going to happen today.
berni_mccoy
(23,018 posts)This will be a recession and a big one.
Wounded Bear
(58,698 posts)the Trump Tax Cuts kept some air in the bubble for a while, but reality has a way of catching up with you.
The market was wildly over priced, there was an initial YAH WE HIRED A RUSSIAN ASSET JACKASS sugar high, then the tax scam kept it going ...
Squinch
(50,993 posts)engaging in public entertainment, etc, then stocks will fall farther.
Then we get the layoffs.
And this market has been artificially buttressed since trump came to office. Interest rates are at zero, the Fed is feeding the market billions to maintain overnight liquidity. There are very few measures available to counteract what is coming.
If a Democrat was in office, I'd guess we'd print money to keep people afloat and keep employment numbers from tanking. But this crew probably wants that.
Filthy Donnie is incredibly lucky. The best we can hope for is that his luck holds and this IS a virus that diminishes in warm weather.
GusBob
(7,286 posts)Trumps fat cat, tax cut buddies will lie cheat and steal their way out of this
central scrutinizer
(11,660 posts)I calculated that I had enough in my IRA along with my pension (thank you, union) and social security that I could live, albeit frugally, so I put it into a fixed return account. Only a 2.2% return but zero risk.
ChazInAz
(2,572 posts)In December, I pulled my entire retirement account off the market.
Dodged this bullet.
PCIntern
(25,576 posts)I felt the same way. Bubble had to burst
Im from the sell half and be mad.
Youre gonna be mad anyway so reduce the risk.
AGeddy
(509 posts)PCIntern
(25,576 posts)Therell be some bargain hunters and then itll continue down.
awesomerwb1
(4,268 posts)But I have a feeling we're close to bottom and a small rebound will happen shortly. Percentage wise it's not a "the end is near" situation imho.
edhopper
(33,606 posts)There is just too much uncertainty about the Coronavirus for it to bounce back.
OliverQ
(3,363 posts)The stock market collapse in 1929 triggered the Great Depression.