bartruff1

Exactly, I am not suggesting that there won't be serious economic consequences specially in a consumer based economy....quite the contrary, I think Goldman's prediction of no earning growth is understating the problem.....

All I was intending to say is that this is not a traditional market correction.....the cause is biological and the solution will have to be biological...for twelve years or more buying the dips has been very profitable....this time is different.....I doubt we have seen the bottom...however if you have a 3 year investment horizon buying high yielding telecoms , energy stocks, utilities, reits, healthcare might be a good idea.......

punky

Thinly veiled Trump hatred. If you had a clue about a "biological crises" you would know that this type of viral scenario has unfolded and run its course many, many, times before and all were considered more deadly than any seen previously with their own associated hysteria.
"The party is over"? What ever you say. One thing is certain, the politicalization of this is in full swing. So stupid.

johnodrake

My advisor is worrying about this stuff. If they build my C8 I’ll buy it.

z06inVB

Does the C8 have a HEPA cabin air filter ? You could just live in it till this latest crisis passes.

Life goes on.....

Larrio Andretti

Incredible how many people passively watch their investment gains disappear for absolutely no reason other than a combination of lack of understanding of basic market fundamentals and just good old laziness! Market 101 buy low sell high. Anybody with any sense would have sold and had cash to buy assets on the low. Huge opportunity here passive investors have completely missed. Try putting a quantitative cash number on that and see what you come up with. If 15% of the cash in your pocket fell out would you pick it up or just leave it. If the passive attitude of... “it will come back” comforts you then hey... have at it!

thill444

Yes people are just being silly now and have tried to politicize this. This is not Ebola folks. 621 people on a cruise ship confirmed with Coronavirus. Two people who are in their 80's died who had preexisting health conditions. Is this thing highly contagious? Yes. But this isn't The Walking Dead where every single person suddenly gets infected and their life is over..

sly1

I have the five year rule: if I may need the money within five years, I don't have it invested in the stock market. Moreover, this downturn will provide fantastic buying opportunities. The virus will eventually be controlled, and if caronavirus acts like most viruses it could be within a few weeks since December through February is when virus infections are at their highest.

JDSKY

Today was a buying day for me. If next week turns into more buying opportunities I am all for that as well. Now is the time to make some money. This is an election year and every stop that can be pulled will be pulled in order to stem the bleeding and bring back confidence.

sly1

LOL I bet he won't drink corona beer for a couple of years. We don't know enough about coronavirus to make mortality forecasts. Based on reports I've read about quarantined people, some who were infected with caronavirus never developed significant symptoms. People who do not have a temperature and may just have a runny nose and cough a few times aren't likely to visit a doctor. I wouldn't be surprised if the mortality rate from caronavirus will eventually be determined to be 1% or less.

sly1

It takes courage to buy when the market is down by 13% for the week, but if you get it right you'll make a bundle of money. GL.

Rapid Fred

Glad you have a working crystal ball. I’ve been a lazy passive investor since 2000. As often as not, before then, when I tried to time the market I missed run-ups or bought just prior to a correction. Passivity works for me; even though episodes like the past week are particularly upsetting. Just gotta avoid panic.

The Successful Plumber

Most people can’t successfully time the market, if you can your on the wrong forum.

PCMIII

Buy into fear, sell into greed.

The good news is that the Wall of Worry has been completely re-built.

punky

Good to hear some common sense. Nearly 4 decades of medical practice has convinced me that these annual flu scenarios regardless of what they are named, how they are perceived, or the hysteria that may proliferate all have their severest effects on the elderly and immunocompromised to include alcoholics and drug addicts. The death rate from this new strain in healthy adults will likely be extremely low.

C2C3C4C6

So far I have lost the cost of C8 in the market...not happy!!!

gatti-man

Made quite a bit of money with this fear so far. I was hoping to pick up some $F at 6.50 a share but it recovered. I hope for more panic on Monday.

Larrio Andretti

What have you been buying? You investing or trading?

Maxie2U

It depends on how far and how long the markets drop and if this virus spreads rapidly in the U.S. because when big negative things happen people become very cautious and conservative with their money. I just read that in China car sells in the last six weeks have fallen 92% so if the numbers go up in the U.S. I would expect car sell too would take a hit. Here’s to this virus ending soon

I would also add younger buyers (non baby boomers) now that they took a large hit in their 401Ks may not feel as well off as when they placed their respective C8 orders.

You can certainly disagree but I am only giving my opinion.

Panfish

I moved $150K into the market today. That means it will probably crash. My apologies to all in advance.

Panfish

Market could get worse before it gets better. But, 5 years from now (likely far sooner), my bet says it will be at least back to where it was a week ago.