Money Investing megathread extravaganza - Page 302

Originally Posted by lewdog:
You possibly just sold at the bottom.

I lost $25k in my modest 401k on the drop. I’m not worried.

Timing the market to buy back in is the $1000 question. If we all knew the answer, we’d be rich.

I moved the 401K back in February when things first started going to shit when the DJI was a little over 25,000.
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Originally Posted by lewdog:
USO a buy at $5?

If USO at $5, what about UCO at half that? UCO has a higher 52 day high, too.
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Originally Posted by bsp4444:
If USO at $5, what about UCO at half that? UCO has a higher 52 day high, too.

I just think any of the oil stocks are a buy right now. Oil has to be around 40 + for them to survive and they're not going to not survive.
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BREAKING: US retail sales fall by record 8.7% in March as Americans pulled back on spending amid viral outbreak. https://t.co/B9ZjBaV9y8
— The Associated Press (@AP) April 15, 2020

BREAKING: U.S. industrial production plunges 5.4%, the worst drop since January 1946. Analysts had expected a drop of 3.5%. https://t.co/xVICT5pzYb pic.twitter.com/jlcKkIGeJY
— CNBC Now (@CNBCnow) April 15, 2020

Lots of bad news out today. Looks like more bargains are coming (except TSLA, they have a new stock target of close to $900).
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I know those numbers are historically bad, but they're actually much better than I would have guessed.
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Originally Posted by DaFace:
I know those numbers are historically bad, but they're actually much better than I would have guessed.

The retail numbers I think are really good!
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Market hasn't really moved that much on this news.

We'll be fine.
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Originally Posted by Hammock Parties:
Market hasn't really moved that much on this news.

We'll be fine.

We're ripe for another sell off, the country probably wont be back to full speed until July. Rich folk got the normies in a bull trap I suspect.
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IMF predicts -6% US GDP in 2020.

#santassmallsack
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Originally Posted by BigBeauford:

BREAKING: US retail sales fall by record 8.7% in March as Americans pulled back on spending amid viral outbreak. https://t.co/B9ZjBaV9y8
— The Associated Press (@AP) April 15, 2020

BREAKING: U.S. industrial production plunges 5.4%, the worst drop since January 1946. Analysts had expected a drop of 3.5%. https://t.co/xVICT5pzYb pic.twitter.com/jlcKkIGeJY
— CNBC Now (@CNBCnow) April 15, 2020

Lots of bad news out today. Looks like more bargains are coming (except TSLA, they have a new stock target of close to $900).

If it gets to 900, tesla is buying me a rental house.

I would have expected those numbers to be worse. All those online TP orders must have saved us.
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Pharmaceutical stocks will be big on which companies get approved for vaccinations let alone the testing of the virus, testing will be the big one to get into for now.
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Originally Posted by DaFace:
I know those numbers are historically bad, but they're actually much better than I would have guessed.

Yeah, that's my reaction as well.
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Originally Posted by Hammock Parties:
Market hasn't really moved that much on this news.

We'll be fine.

Wouldn't that mean the market is artificially inflated?
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Originally Posted by O.city:
Wouldn't that mean the market is artificially inflated?

Knowledge from someone who has more value to society than someone making superfan videos.
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Originally Posted by :
Advanced economies will shrink about 35% this quarter from the prior three months, four times as much as the previous record set in 2008 during the financial crisis, according to annualized figures from Goldman Sachs Group Inc.

How fast economies will rebound is an open question because nobody knows how quickly people can get back to work, New York-based economist Jan Hatzius wrote in a note to clients dated April 13.

Source
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