OT: Stockmarket falls >33% in just a couple of weeks!

C

Cursitor Doom

Guest
Some historic records being smashed here, along with hard-working
people's retirement dreams....

https://tinyurl.com/wjbyxq5

Too many sharks in this ocean for the small fish to survive. Stock
markets are rigged. If you have no insider info like the big boys have
access to, you get skinned alive.
Glad I sold out of this fake shit-show decades ago. :-D
 
On Friday, March 20, 2020 at 9:11:37 PM UTC-4, Cursitor Doom wrote:
Some historic records being smashed here, along with hard-working
people's retirement dreams....

https://tinyurl.com/wjbyxq5

Too many sharks in this ocean for the small fish to survive. Stock
markets are rigged. If you have no insider info like the big boys have
access to, you get skinned alive.
Glad I sold out of this fake shit-show decades ago. :-D

small fish can do well in the stock market. The stock market is not rigged and a little guy like me can do just as well as the big boys. I am glad I bought and held stocks.

Dan
 
Cursitor Doom wrote...
Some historic records being smashed here, along with
hard-working people's retirement dreams....

https://tinyurl.com/wjbyxq5

In the end it's going to go down another 33%, or more.


--
Thanks,
- Win
 
On Fri, 20 Mar 2020 19:31:48 -0700 (PDT), "dcaster@krl.org"
<dcaster@krl.org> wrote:

>small fish can do well in the stock market. The stock market is not rigged and a little guy like me can do just as well as the big boys. I am glad I bought and held stocks.

You're deluded, Dan.

https://www.youtube.com/watch?v=lVgSF8CzSy4

And you're "glad" you lost a third of your stock value in the last
fortnight?? LOL!
 
On 21/03/2020 01:11, Cursitor Doom wrote:
Some historic records being smashed here, along with hard-working
people's retirement dreams....

https://tinyurl.com/wjbyxq5

Too many sharks in this ocean for the small fish to survive. Stock
markets are rigged. If you have no insider info like the big boys have
access to, you get skinned alive.

The insider trading congress critters and their mates in Wall street all
conveniently sold theirs whilst telling everyone else to remain calm.

> Glad I sold out of this fake shit-show decades ago. :-D

So you don't have any kind of pension fund then?

Unless your income and savings are in S Fr or J Yen you have lost
something like 20% of your assets thanks to Brexit and now Coronavirus.

--
Regards,
Martin Brown
 
On Sat, 21 Mar 2020 01:11:32 +0000, Cursitor Doom
<curd@notformail.com> wrote:

Some historic records being smashed here, along with hard-working
people's retirement dreams....

https://tinyurl.com/wjbyxq5

Unless you had planned to sell all your shares the day you retire, I
would not be too worried. Just one stock price bubble has bursted.

If you can still keep (most of) your shares for 1 to 5 years, most of
the market prices have recovered close to previous values.

Too many sharks in this ocean for the small fish to survive. Stock
markets are rigged. If you have no insider info like the big boys have
access to, you get skinned alive.
Glad I sold out of this fake shit-show decades ago. :-D
 
On Sat, 21 Mar 2020 11:21:22 +0000, Martin Brown
<'''newspam'''@nezumi.demon.co.uk> wrote:


>So you don't have any kind of pension fund then?

Of course, but not in the form of mutual funds invested in the stock
market - or even so-called "market-linked" funds.

Unless your income and savings are in S Fr or J Yen you have lost
something like 20% of your assets thanks to Brexit and now Coronavirus.

Nope. Holding pound and dollar-denominated assets in a
non-dollar/non-pound domicile actually makes me *up* about 22% over
the last year or so.
 
On Saturday, March 21, 2020 at 6:14:25 AM UTC-4, Martin James Smith wrote:
On Fri, 20 Mar 2020 19:31:48 -0700 (PDT), "dcaster@krl.org"
dcaster@krl.org> wrote:

small fish can do well in the stock market. The stock market is not rigged and a little guy like me can do just as well as the big boys. I am glad I bought and held stocks.

You're deluded, Dan.

https://www.youtube.com/watch?v=lVgSF8CzSy4

And you're "glad" you lost a third of your stock value in the last
fortnight?? LOL!

I am not deluded. I started investing in stocks about the time I graduated from college. At that time brokerage fees were significant. And there were no low expense index mutual funds. And I made some bad investments as in buying Washington Mutual Bank stock. ( Lost all of that money ). And stupid investments as in buying Nuculear Corp of America. That stock got so low that it was delisted on the stock exchanrge and the CEO quit. But I bought some winners too. John Fluke and Texas instruments .

And I am glad that the stock market went down. I had about $100,000 in cash and have been buying more stocks. And I have not lost a third of my stock value. You don't lose until you sell. And most of my stocks are still way above what I paid for them.

Dan
 
On Saturday, March 21, 2020 at 9:32:39 AM UTC-4, dca...@krl.org wrote:
On Saturday, March 21, 2020 at 6:14:25 AM UTC-4, Martin James Smith wrote:
On Fri, 20 Mar 2020 19:31:48 -0700 (PDT), "dcaster@krl.org"
dcaster@krl.org> wrote:

small fish can do well in the stock market. The stock market is not rigged and a little guy like me can do just as well as the big boys. I am glad I bought and held stocks.

You're deluded, Dan.

https://www.youtube.com/watch?v=lVgSF8CzSy4

And you're "glad" you lost a third of your stock value in the last
fortnight?? LOL!

I am not deluded. I started investing in stocks about the time I graduated from college. At that time brokerage fees were significant. And there were no low expense index mutual funds. And I made some bad investments as in buying Washington Mutual Bank stock. ( Lost all of that money ). And stupid investments as in buying Nuculear Corp of America. That stock got so low that it was delisted on the stock exchanrge and the CEO quit. But I bought some winners too. John Fluke and Texas instruments .

And I am glad that the stock market went down. I had about $100,000 in cash and have been buying more stocks. And I have not lost a third of my stock value. You don't lose until you sell. And most of my stocks are still way above what I paid for them.

Dan

When people are selling stocks and buying toilet paper,
it's time to be selling toilet paper and buying stocks.

(This is a rare opportunity for making money--everything's on
sale.)

Cheers,
James Arthur
 
On Sat, 21 Mar 2020 06:32:32 -0700 (PDT), "dcaster@krl.org"
<dcaster@krl.org> wrote:

I am not deluded. I started investing in stocks about the time I graduated from college. At that time brokerage fees were significant. And there were no low expense index mutual funds. And I made some bad investments as in buying Washington Mutual Bank stock. ( Lost all of that money ). And stupid investments as in buying Nuculear Corp of America. That stock got so low that it was delisted on the stock exchanrge and the CEO quit. But I bought some winners too. John Fluke and Texas instruments .

And I am glad that the stock market went down. I had about $100,000 in cash and have been buying more stocks. And I have not lost a third of my stock value. You don't lose until you sell. And most of my stocks are still way above what I paid for them.

Well, we'll see how things pan out for you, buddy. Best of British
luck with those bits of paper!
 
On Sat, 21 Mar 2020 01:11:32 +0000, Cursitor Doom
<curd@notformail.com> wrote:

Some historic records being smashed here, along with hard-working
people's retirement dreams....

https://tinyurl.com/wjbyxq5

Too many sharks in this ocean for the small fish to survive. Stock
markets are rigged. If you have no insider info like the big boys have
access to, you get skinned alive.
Glad I sold out of this fake shit-show decades ago. :-D

The various national banks, run by economists, have pushed interest
rates down to zero to pump the stock market, and become addicted to
continuous "stimulus." That's deliberate design for crashes.

By accident, I got mostly into cash a few months ago, and didn't get
around to deciding where to re-invest.

Yes, unless the way overpriced market recovers, a lot of cities and
pension funds and 401Ks will be hit hard. That's the sorts of things
that politicians and their economist friends do for us.

So, to return to my favorite theme, there are important fields of
expertise where the majority of experts are usually wrong. Electronic
design is not one of them.



--

John Larkin Highland Technology, Inc

The cork popped merrily, and Lord Peter rose to his feet.
"Bunter", he said, "I give you a toast. The triumph of Instinct over Reason"
 
On Saturday, March 21, 2020 at 7:21:37 AM UTC-4, Martin Brown wrote:
On 21/03/2020 01:11, Cursitor Doom wrote:
Some historic records being smashed here, along with hard-working
people's retirement dreams....

https://tinyurl.com/wjbyxq5

Too many sharks in this ocean for the small fish to survive. Stock
markets are rigged. If you have no insider info like the big boys have
access to, you get skinned alive.

The insider trading congress critters and their mates in Wall street all
conveniently sold theirs whilst telling everyone else to remain calm.

Glad I sold out of this fake shit-show decades ago. :-D

So you don't have any kind of pension fund then?

Unless your income and savings are in S Fr or J Yen you have lost
something like 20% of your assets thanks to Brexit and now Coronavirus.

--
Regards,
Martin Brown

The WuFlu didn't do that, the panic did.

Provided we don't choke ourselves to death over it, both are
temporary. But enough faux 'stimulus' and continued panic, and
the politicians could create a nice big depression out of it,
that's true.

Cheers,
James Arthur
 
On Sat, 21 Mar 2020 08:48:47 -0700 (PDT), dagmargoodboat@yahoo.com
wrote:

On Saturday, March 21, 2020 at 7:21:37 AM UTC-4, Martin Brown wrote:
On 21/03/2020 01:11, Cursitor Doom wrote:
Some historic records being smashed here, along with hard-working
people's retirement dreams....

https://tinyurl.com/wjbyxq5

Too many sharks in this ocean for the small fish to survive. Stock
markets are rigged. If you have no insider info like the big boys have
access to, you get skinned alive.

The insider trading congress critters and their mates in Wall street all
conveniently sold theirs whilst telling everyone else to remain calm.

Glad I sold out of this fake shit-show decades ago. :-D

So you don't have any kind of pension fund then?

Unless your income and savings are in S Fr or J Yen you have lost
something like 20% of your assets thanks to Brexit and now Coronavirus.

--
Regards,
Martin Brown

The WuFlu didn't do that, the panic did.

Provided we don't choke ourselves to death over it, both are
temporary. But enough faux 'stimulus' and continued panic, and
the politicians could create a nice big depression out of it,
that's true.

Cheers,
James Arthur

We could leave the country in permanent lockdown and send everyone a
check for $1000 every week. We'd have income equality.



--

John Larkin Highland Technology, Inc

The cork popped merrily, and Lord Peter rose to his feet.
"Bunter", he said, "I give you a toast. The triumph of Instinct over Reason"
 
On Sat, 21 Mar 2020 08:44:07 -0700 (PDT), dagmargoodboat@yahoo.com
wrote:

On Saturday, March 21, 2020 at 9:32:39 AM UTC-4, dca...@krl.org wrote:
On Saturday, March 21, 2020 at 6:14:25 AM UTC-4, Martin James Smith wrote:
On Fri, 20 Mar 2020 19:31:48 -0700 (PDT), "dcaster@krl.org"
dcaster@krl.org> wrote:

small fish can do well in the stock market. The stock market is not rigged and a little guy like me can do just as well as the big boys. I am glad I bought and held stocks.

You're deluded, Dan.

https://www.youtube.com/watch?v=lVgSF8CzSy4

And you're "glad" you lost a third of your stock value in the last
fortnight?? LOL!

I am not deluded. I started investing in stocks about the time I graduated from college. At that time brokerage fees were significant. And there were no low expense index mutual funds. And I made some bad investments as in buying Washington Mutual Bank stock. ( Lost all of that money ). And stupid investments as in buying Nuculear Corp of America. That stock got so low that it was delisted on the stock exchanrge and the CEO quit. But I bought some winners too. John Fluke and Texas instruments .

And I am glad that the stock market went down. I had about $100,000 in cash and have been buying more stocks. And I have not lost a third of my stock value. You don't lose until you sell. And most of my stocks are still way above what I paid for them.

Dan

When people are selling stocks and buying toilet paper,
it's time to be selling toilet paper and buying stocks.

(This is a rare opportunity for making money--everything's on
sale.)

Cheers,
James Arthur

Some industries will make a killing on the recovery. Buy them.



--

John Larkin Highland Technology, Inc

The cork popped merrily, and Lord Peter rose to his feet.
"Bunter", he said, "I give you a toast. The triumph of Instinct over Reason"
 
On 21/03/20 16:14, Rick C wrote:
People are talking about sacrificing the relatively small percentage of human
deaths to this disease by letting it run rampant to try to save the economy.
I vote to temporarily sacrifice the economy to save workers who will be
needed when we are ready to put them back to work.

It looks like you may not have understood the Imperial
College predictions. There's a decent summary and a link
to the report at
https://www.technologyreview.com/s/615370/coronavirus-pandemic-social-distancing-18-months/

Now those are fallible predictions and they can't consider
all possibilities, but they are the best we've got.

If you have something better, please convince others then
tell us.
 
On 21/03/20 15:44, dagmargoodboat@yahoo.com wrote:
On Saturday, March 21, 2020 at 9:32:39 AM UTC-4, dca...@krl.org wrote:
On Saturday, March 21, 2020 at 6:14:25 AM UTC-4, Martin James Smith wrote:
On Fri, 20 Mar 2020 19:31:48 -0700 (PDT), "dcaster@krl.org"
dcaster@krl.org> wrote:

small fish can do well in the stock market. The stock market is not rigged and a little guy like me can do just as well as the big boys. I am glad I bought and held stocks.

You're deluded, Dan.

https://www.youtube.com/watch?v=lVgSF8CzSy4

And you're "glad" you lost a third of your stock value in the last
fortnight?? LOL!

I am not deluded. I started investing in stocks about the time I graduated from college. At that time brokerage fees were significant. And there were no low expense index mutual funds. And I made some bad investments as in buying Washington Mutual Bank stock. ( Lost all of that money ). And stupid investments as in buying Nuculear Corp of America. That stock got so low that it was delisted on the stock exchanrge and the CEO quit. But I bought some winners too. John Fluke and Texas instruments .

And I am glad that the stock market went down. I had about $100,000 in cash and have been buying more stocks. And I have not lost a third of my stock value. You don't lose until you sell. And most of my stocks are still way above what I paid for them.

Dan

When people are selling stocks and buying toilet paper,
it's time to be selling toilet paper and buying stocks.

(This is a rare opportunity for making money--everything's on
sale.)

The three rules for retail shops are location, location, location.
The three rules for trading are timing, timing, timing.

Those for retail are relatively predictable.
Those for trading are predictable in hindsight.

It is a gamble; place your bets, if any.
 
On Saturday, March 21, 2020 at 6:14:25 AM UTC-4, Martin James Smith wrote:
On Fri, 20 Mar 2020 19:31:48 -0700 (PDT), "dcaster@krl.org"
dcaster@krl.org> wrote:

small fish can do well in the stock market. The stock market is not rigged and a little guy like me can do just as well as the big boys. I am glad I bought and held stocks.

You're deluded, Dan.

https://www.youtube.com/watch?v=lVgSF8CzSy4

And you're "glad" you lost a third of your stock value in the last
fortnight?? LOL!

It is so common for people to focus on the crap side of things. I recall when Enron was going under the company put a clamp on selling the stock from employee's retirement accounts. People were upset to see their investments drop so fast. They didn't acknowledge that most of that money was the inflated boost they got after they put money into the account.

Likewise people were upset by the huge losses in housing prices in the real estate crunch, but home owners and taxing jurisdictions. They couldn't remember that just a handful of years before real estate values and the tax revenues were a third or less.

I haven't been in the market for a while. In 2018 I started buying Tesla stock and continued into 2019. When the price reached 500 I sold some and at 900 I sold more. I held the stocks that had not reached the point of long term capital gains. Now that Tesla is some 60% off it's high, I'm still well into the net positive on all the stock I bought.

The market is about where it dipped to in Dec 2016. It will continue to drop further. Anyone with half a brain has already pulled their money and will wait for the market to return. The market isn't rigged, there are just a lot of stupid people in it.

The economic news is going to continue to be bad for the foreseeable future.. Anyone who doesn't believe that should not be in the stock market. It will be worth another look in June or July when we know if we are going to be in any condition to resume the economy or if we have totally failed and our worker numbers are decimated. In this case the word may be true to it's real meaning, 1 in 10.

People are talking about sacrificing the relatively small percentage of human deaths to this disease by letting it run rampant to try to save the economy. I vote to temporarily sacrifice the economy to save workers who will be needed when we are ready to put them back to work.

--

Rick C.

- Get 1,000 miles of free Supercharging
- Tesla referral code - https://ts.la/richard11209
 
On Saturday, March 21, 2020 at 12:59:34 PM UTC-4, Cursitor Doom wrote:
On Sat, 21 Mar 2020 09:07:05 -0700, jlarkin@highlandsniptechnology.com
wrote:

Some industries will make a killing on the recovery. Buy them.

But you can't buy into funeral services, soup kitchens and suchlike,
John. They're typically privately-owned or charitably-funded.

Actually funeral homes have been bought up by larger companies for decades. Few are independent now. They simply don't change the names or anything else about them so as to retain the families that return to the same homes time and time again. Much more so in the coming weeks.

--

Rick C.

-- Get 1,000 miles of free Supercharging
-- Tesla referral code - https://ts.la/richard11209
 
On Saturday, March 21, 2020 at 12:24:28 PM UTC-4, Tom Gardner wrote:
On 21/03/20 16:14, Rick C wrote:
People are talking about sacrificing the relatively small percentage of human
deaths to this disease by letting it run rampant to try to save the economy.
I vote to temporarily sacrifice the economy to save workers who will be
needed when we are ready to put them back to work.

It looks like you may not have understood the Imperial
College predictions. There's a decent summary and a link
to the report at
https://www.technologyreview.com/s/615370/coronavirus-pandemic-social-distancing-18-months/

Now those are fallible predictions and they can't consider
all possibilities, but they are the best we've got.

If you have something better, please convince others then
tell us.

That article starts with a fundamentally flawed assertion, "That means the pandemic needs to last, at a low level, until either enough people have had Covid-19 to leave most immune (assuming immunity lasts for years, which we don’t know) or there’s a vaccine."

The other option is that the disease is eradicated by isolation. I'm not talking about social distancing. I'm talking about months long lock down until there is no disease in a country then extended travel restrictions until the rest of the world is safe. This is not impossible, but it will take a long time.

That's the thing that is hard to imagine. In the US we most likely will need to be in lock down into the summer.

This disease doesn't kill enough people so as to make people think they need to avoid it at all costs. In the younger age groups it's only 1 in 10 or less. They don't realize that number goes up quickly when the hospitals are overloaded. Many thing "social distancing" will do the job. Is there really something magical about a 6 foot distance when the disease is transmitted on door handles??? So we will take half measures and let the disease run through the population. Then in maybe a year it will be safe for the rest of us to come out.

I'm hoping we will lock down the country and have the sort of success some of the Asian countries have had. Who do you think will be rebuilding the economies first, those who eliminate the disease or those who let it run through the population decimating the medical system?

--

Rick C.

+ Get 1,000 miles of free Supercharging
+ Tesla referral code - https://ts.la/richard11209
 
On Sat, 21 Mar 2020 09:07:05 -0700, jlarkin@highlandsniptechnology.com
wrote:

>Some industries will make a killing on the recovery. Buy them.

But you can't buy into funeral services, soup kitchens and suchlike,
John. They're typically privately-owned or charitably-funded.
 

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