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/biz/ - Business & Finance

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17684494 No.17684494 [Reply] [Original]

The stock market is tanking. Do nothing. Timing the market is a game for professionals, not amateurs. And most professionals are terrible at it too. Wash your hands. Ignore the markets. Don’t touch your face. And don’t touch your stocks.

https://www.theatlantic.com/ideas/archive/2020/03/dont-touch-your-stocks-during-coronavirus-crisis/607672/

Well /biz/, is she right?

>> No.17684604

oh vey, dont sell your stocks, be a good goy and hold these bags, at least until i and my friends have sold

>> No.17684630

>>17684494
im gonna give you a little hint fucktard
the FED called the 2008 crash the worst in global history. four years later stocks were pumping at new ATHs. now go and panic sell while I gobble up your cheap stocks

>> No.17684755

>>17684494
She wants everyone to hold their bags.
I can't believe everyone hasn't sold yet.
I sold a week ago at a loss and I'm glad I did

>> No.17684792

>>17684755
>I sold the bottom and Im glad I did
never change /biz/

>> No.17684864

>>17684792
The stocks I sold are down by another 25% right now. I got off with 15 easy.

>> No.17684884

>>17684494
>getting financial advice from a woman
lmao

>> No.17684902

>>17684864
just make sure to buy the top, wanna make sure and wait for a "confirmation" before you buy back in amirite?

>> No.17684924

>>17684494
The market looks to be coming back, futures have already eaten half of yesterday's losses. It's a combination of a fear mongering press over a "plague" that isn't, and shitting their collective pants over OPEC and Russia duking it out, which will be resolved soon. Lemmings, enter market left.
The people I know who sell percentage points for a living say that it will recover, and will be forgotten by summer. There is still demand for stocks, it's not a bear market. It's just mass hysteria propped up by a press who smugly thought it would hurt Orange Man Bad.

>> No.17684925

>>17684902
I'm proud of what I did

>> No.17684927

I am financially ruined

>> No.17684938

>>17684494

Lmao at biz arguing against this. Yes, most retards who sold this panic dump will be buying back in at ATH in April. Then they will have "learned their lesson" and hodl the real crash to be down 50% on top of the 20% they'll lose selling now. Then they'll swear off stocks forever until they are back at ATHs again. That's the cycle of normie fomo. Buy 'n hold beats most people.

>> No.17684963

>JUST HODL BRO
>IRON HANDS
>BUY THE DIP
>JUST A SMALL CORRECTION
If shit like this doesn't make you marketdump and run for the hills with your cash then you weren't here in 2018

>> No.17684966

>>17684494
I love how the US pretends to be this bastion of capitalism. Yet one or two weeks of "four 1kay ponzi no goh up ;(((, quick, get durr cut during circuits" and you're all spent.

If you recover from your coronachan, using up all your yearly 4 days off from waging, I hope you go die in Israel's new war.

>> No.17684974

>>17684963
The real question is what we should do about crypto.
Sell into tether or sit and watch?

>> No.17684983

I sold at the peak 2 days before the crash started. I jumped back in Friday end of day. Wiltshire 4500. Dropped 9% yesterday. I’m disappointed, but not worried even a little. I just won’t make as much. All the panic sellers will lose money on this especially because COVID is weak and is being pushed by your friend the media.

>> No.17685015
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17685015

>>17684494

>Well /biz/, is she right?

Yes.

>> No.17685031

>>17684925
buy high sell low, show them how we do it boy!

>> No.17685061

>>17684938
unironically this /biz/tards dont understand the concept of buy and hold and haven ever looked at long term stock market data. stay poor faggots and keep selling me your cheap stonks

>> No.17685079
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17685079

>>17684494
JUST HOLD FOR 30 YEARS BRO

>> No.17685155

>>17685079

Except you would have been DCAing all through the 30-31 trough and probably be big in the green by 35.

>> No.17685187

>>17685155
Good luck DCAing when there are no jobs and no gibs anymore.

>> No.17685217

i repeat it for everyone again,
ITS A FUCKING DEAD CAT BOUNCE
HOW RETARDED DO YOU HAVE TO BE TO NOT SEE IT?

>> No.17685263

>>17685217
This can't be the bottom for the sole reason that every retarded normie is unironically expecting the stock market to make new ATHs in a month.

>> No.17685509

>>17685263
Do you really think that a normie can't work out that a coronavirus induced selloff won't stop until the corona virus does?

>> No.17685638

>>17684494
>she
No.

>> No.17685884

I'm with you bobos, this is just the beginning.

>> No.17685932

>>17685217
This

>> No.17685997

>>17685509
[x]yes

>> No.17686022

>>17685509
You're underestimating peoples ignorance and stupidity.

>> No.17686025

Is Buffet buying yet?

>> No.17686035

>>17685187
Plenty of jobs in cities, not so many in flyovers

>> No.17686088

Sold my entire 401k on February 12th and now my family is asking me for financial advice. Getting advice on something that already happened is useless.

>> No.17686179

>>17684938
correct, most wont understand this. Same goes for btc

>> No.17686634
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17686634

>>17686035
Wait until the bank run. There will literally be 0 jobs.

>> No.17686705

>>17684494
>Wash your hands and you'll be fine anon.
Duck and cover keeps the radiation from entering your skin.

If you want to play this, take a modest position in some --XS ETFs. Just be aware that the margin is shuffling between long and short and the squeezes are frequent on both sides right now.

>> No.17687105

So can someone spoofed me on why the fuck do I care if this isn't the real bottom, why not get in now? Even if it keeps dropping ( unknown ), it's going to eventually rise above this point ( almost certainty ). So u make money, guaranteed.

Like why not buy boeing and southwest and apple?

>> No.17687155

>>17687105
>Even if it keeps dropping ( unknown ), it's going to eventually rise above this point ( almost certainty ). So u make money, guaranteed.
Yeah, why would you not buy BTC in January 2018 at a great discount price of $14000 - it's going to eventually rise above this point ( almost certainty ). So u make money, guaranteed.

>> No.17688155

>>17687155
Are you comparing boeing to btc? Boeing? Really?

Boeing, apple, GE, raytheon, etc, they aren't going anywhere dude, not unless the usa and thereby the world goes under ( and I'm pretty prepared for that).