Fed to pump in more than $1 trillion in dramatic ramping up of market intervention amid coronavirus meltdown https://www.cnbc.com/2020/03/12/fed...nding-expand-types-of-security-purchases.html We probably would have rallied hard on this for the past several years but not this time it seems like
yep, well i guess still a fork in the bull market, absent some crazy spike that brings up back over 2714 at the close, the 11-year bull run officially ends today. what a run it was though while it lasted! Spoiler: Click to Show!
A great run indeed. Let’s see how long this bear market will last, hopefully won’t be long since it probably would mean the coronavirus is getting contained sooner rather than later
whelp folks, we just made some history on the downside today ... looks like this was the indeed the largest % drop on a "closing" basis since at least 1987 if not ever on record i'll have to go check on this one to confirm. wow!
we just had a correction move in one day, is this real life?!?!? holllllllllllllllly!!! just got some facebook, how could i not buy a little something with that kind of selling?
I did some buying too but ready to hold them for awhile. We should see some kind of bounce soon even though it is a dead cat, getting very oversold.
outside of 1987 you'd have to go back to 1929 to find the last time the DJ30 closed down over -9% in a day. it did that on on november 6th, of 1929. closed down -9.92% that day so we even did worse on that one today lol
agreed, the stuff im buying right now are long term holds, not for trades. these are the kind of markets u build out long positions in, we will see a bounce, but i feel we got atleast another 10% down to go.
Well most of my IRA got wiped out today, 75%. Looked at lunch and I was like meh down 10% nbd. Check AH and yea, wiped another 50% off that. Shows me for buying a bull 3x after a 34% down day instead of a 3x bear that I had been watching for a week. oh well it’s only money right
just a quick visual on this in the form of a chart: pretty amazing to be in the same category as the '87 crash (as far as "worst since" goes), and also the crash of 1929
Yeah holding those 3X ETF for too long is risky, you can make your money back in the future at some point
