/biz/ - Business & Finance

>>17859236
what historically happened the day after those major selloffs?

It hurts that I pussies out and closed my puts early. I knew it was gonna dump like last week but god damn it.

>>17859292
They were all in 1929 anon. Take a wild fucking guess.

if it's a big company it won't be allowed to fail, keep your money in it and ride out the shitshow. if it looks like it could fail then sell and rebuy once it's safe. it'll go down before it goes up but bottom hunting is too risky unless necessary.

>>17859292
That's a neat hare, very aesthetic ears

>>17859236
I'M 50% IN TQQQ AND UDOW. WAS UP 100% AT ONE POINT. NOW I'M DOWN 60%. FUCK MY LIFE.

I'm going to die a virgin.

>>17859341
well no, the big one was in 1987. I never heard of anyone talking about dark times in the 80s

>>17859942
When the mass layoffs happen there will be plenty of ex-“marketing” prostitutes roaming around

>>17859959
You serious? Ive met a lot of people who talked about the recessions in the late 80s-early 90s. Yeah they weren’t Great Depression tier but they were bad for the people who lost their jobs

>>17859236
at this point it'd be stupid to sell bluechips

>>17859236
And if you had bought the dip during these how much money would you have today?
Yeah a whole lot.

>>17859928
Patience. It will still be going down over the next few weeks.

>>17859292
If you don't know this off-hand, you shouldn't be posting to /biz/...it's like none of you here have actually studied business...

>>17859292
moon

At this point, the stock market literally can't fall much farther.

At the low today, the Dow was off -31.97% from the all-time high (of February 12th, kek).

If it were to continue at the rate that it's been going down, the Dow would be at 0 in a few weeks. In other words, it's actually mathematically-impossible for this rate of decline to continue for much longer, or for the bottom to be further away than the top. Another -20% is probably the worst-case. It really is too late to short now, and those waiting to buy shouldn't wait too much longer. We either start rising or crabbing soon (most likely the latter).

>>17859928
why the fuck wouldnt you just trade your TQQQ funds for SQQQ and short the Nasdaq? then once bottom hits, you swap the money back into TQQQ once the market starts to recover?

>>17860455
>crabbing
what does this mean

>>17860455
Spent 30 grand on prudential and REITs at -10% and still lost 2 grand at close haha but I picked them up for the fat historical dividends. Was too late to put 401k money back in (I think order needs to be in by 3pm) but I think this week I'm gonna say fuck it and go back in so I can stop worrying about it

>>17859959
1987 was Black Monday, if you ever saw wolf on wall street the movie is centered around that.

>>17859341
some unemployed veterans in Germany founded a political party?

stocks will be up 10% again tomorrow

>>17860455
So you’re saying that we’re going to zero in a few weeks? Got it. Thanks, just sold 100k.

>>17860597
Kek

>>17860455
>At this point, the stock market literally can't fall much farther.
kek, someone post the chart comparing now against 2007-2009

>>17859292
Bull market, we will all gonna make it

>>17860597
hmmmmmm

>>17860597

>>17860508
Little to no variation.

>>17860455
I don't think you understand how there's absolutely no precedent for this. Nothing like this has ever happened in the history of capitalism and thus there's nothing to draw information from. No government has any idea how to approach this, and no economist knows what the fuck is going to happen. Every known economist and policy maker is saying this is unprecedented and that they have no real advice to give because they don't know what the fuck is going to happen.

>>17860828
>shut down the economy
>surprised when stocks fall and can't be fixed with monitary policy
It's not that fucking complicated. Either accept that decreasing productivity means decreasing stocks, or just yolo it and blow of the virus like the UK is.

>>17860956
No one is surprised stocks are falling because of proactive policy by governments. That's the reason the Covid became a pandemic, because most governments didn't want to shut down the economy and are reactionary. What's unknown is how bad the slowdown is going to be and how badly and how long businesses are going to be affected.

>>17861044
The reason that Covid-19 became a pandemic is that you can't fucking contain a disease that is functionally similar to the flu. By the time a person might suspect they have it, or display symptoms that would alert others, they've already infected ten other people.

>>17861254
three actually but let's just say it's more than sufficient

>>17860664
Not exactly that, but something I whipped up myself

>>17859292
You tell me, just look at the past weeks. The majority of the largest ever selloffs happened then.

>>17859236
I really wanna buy some put options. My bet is SPY hits 200 by friday.

>>17861405
that's linear vs. log: please ... *coughs* ... fix this, Anon

>>17860828
It's true that there's no precedent, but at a certain point prices can't go any lower without a consensus expectation that every company in the S&P/Dow/Nasdaq is simply going to cease existing.

>>17861531
A 16% drop by Friday actually seems likely, but who knows.

>>17861609
I'm too much of a brainlet to do that, but these are all from the same graph just zoomed in at different points. I can't imagine the difference will be much better though.

At this point you may as well hold. Already lost a lot but it will eventually come back

>>17861742
Keep holding those bags

>>17860455
Based retard. Did you miss the lesson on percentages in school?

>>17859292
Hitler gets voted into power

>>17861678
1000 bucks on it hitting 230 by friday, if it hits 200 make 100% profit. Should I go deeper?

>>17860468
People just getting started are on the "lol just wait" treadmill most brokers put you through. Often you're unable to do much more than buy and sell stocks out the gate.

>>17861896
Kek I'm actually looking forward to Friday now. Hope it hits 200 so you can make some money, anon.

>>17860468
This was exactly my plan, I'm up about 30%. The problem is timing the recovery.

>>17861747
Well with 401ks and stocks it might be best because you have to pay fees and shit so it would need to tank a whole lot to make up for it PLUS you have to pay fees to buy back in

>>17862037
I'm not sure you're understanding the gravity of a 13% drop in the DOW and 12% in the S&P 500. But, don't take financial advice from some random person online.

>>17860455
Do you not understand that after an asset loses 90% of its value it can still lose an additional 90% of that new value?

>somehow I still come here

>>17859236
Points =/= percentage
Honestly who gives a fuck about points? Percentage is all that matters. In 100 years the stock market could theoretically have the largest point drop in history and lose 5% of its value and nothing more.
Not downplaying the massive loss we’re having but % is the only way to compare different eras

>>17862271
Yeah and percentage wise today's drop was worse than any of the drops during the great depression

>>17862271
the image is literally a percentage drop you FUCKING moron

>>17862271
That is a percentage drop chart idiot

>>17862905
>>17863059
You guys just roll in from stupid town? Read the years in the image...

>>17862805
And yes I realize. That’s why I said “not to downplay...”
Only reason I mentioned the points thing is because OP mentioned it.