Stock Market

[John Anthony]

Unemployment numbers come out tomorrow. I was just looking online. I saw projections as high as 4 million and 10% unemployment. What will numbers like that do to the market?

 

I think the stock market will continue to be a rollercoaster. A lot of highs and a lot of lows. Stability still seems distant.

[Voice of Reason]

I think the stock market will continue to be a rollercoaster. A lot of highs and a lot of lows. Stability still seems distant.

 

There isn't going to be good news over the next few months.

[rjs4470]

I think the stock market will continue to be a rollercoaster. A lot of highs and a lot of lows. Stability still seems distant.

 

Yep. I think it’s important to keep investing if you can. But I wouldn’t go in with big purchases trying to time the bottom. I’m staying slow and steady, while keeping some cash.

[John Anthony]

Yep. I think it’s important to keep investing if you can. But I wouldn’t go in with big purchases trying to time the bottom. I’m staying slow and steady, while keeping some cash.

 

Tomorrow will be one of the most important days of the year for the stock market. We should be able to figure out if we hit the bottom at 18k points, or if it's lower. But once we can figure out where the bottom is, that's a huge piece of the puzzle. How the day starts and how the day ends, will tell us how the market is pricing what the heck is going on.

[Voice of Reason]

Tomorrow will be one of the most important days of the year for the stock market. We should be able to figure out if we hit the bottom at 18k points, or if it's lower. But once we can figure out where the bottom is, that's a huge piece of the puzzle. How the day starts and how the day ends, will tell us how the market is pricing what the heck is going on.

 

As of this post, the markets are up about 3%. The record 3.2 million new jobless claims are a non factor today (previous record 695,000 Oct. 1982). Good news from a market viewpoint.

Edited March 26, 2020 by Voice of Reason

[John Anthony]

As of this post, the markets are up about 3%. The record 3.2 million new jobless claims are a non factor today (previous record 695,000 Oct. 1982). Good news from a market viewpoint.

 

OUTstanding news! Traders being optimistic is a big deal. Company stocks going up will mean less job cuts.

[Bluegrasscard]

I started back in today. Not an all-in, but reversing steps from a month ago. Either the bottom was reached or we will have Great Depression II if this reverses and we go down to 15,000 or less (i.e. it can not fall much lower - hopefully).

[coldweatherfan]

Moved back out of the market to a 50% status just before the close today. Basically protecting my earnings. I'm up 15.6% since 1/1/20. My 0% is somewhere around DOW 17,000.

[Bluegrasscard]

If we are at least on the road back by May 1, OK. If later than that, then the current increase could be a DCB or just a pump and dump game to squeeze what they can out of it. Q1 reports will have a big dent. Q2 we all know are are going to be a pure disaster.

[tcjkbt]

I'm bullish.

[John Anthony]

Earnings reports will be harsh on the Dow. I think we’ve seen the bottom, but there will be turbulence.

[coldweatherfan]

If we are at least on the road back by May 1, OK. If later than that, then the current increase could be a DCB or just a pump and dump game to squeeze what they can out of it. Q1 reports will have a big dent. Q2 we all know are are going to be a pure disaster.

 

May 1 sentiment or action is going to be huge.

 

I'm 58, so my main goal is not losing. I think I've positioned myself pretty well there. I sit in a position to make pretty good gains when recovery happens.

 

It's ok if we hurt the market, but we can't destroy it. As a nation we need to be in a position to recover in a year or so, not 10 years.

[Bluegrasscard]

May 1 sentiment or action is going to be huge.

 

I'm 58, so my main goal is not losing. I think I've positioned myself pretty well there. I sit in a position to make pretty good gains when recovery happens.

 

It's ok if we hurt the market, but we can't destroy it. As a nation we need to be in a position to recover in a year or so, not 10 years.

 

Same age, same sentiment.

[BrosefStalin]

Just getting into investing. Curious if anyone in here has any good books/resources/videos/podcasts on learning about investing for beginners?

[4 Quarters]

Just getting into investing. Curious if anyone in here has any good books/resources/videos/podcasts on learning about investing for beginners?

 

Just advice, keep your money in your pocket. LOL