Dow is Down 900+ points Today 2/24/2020

7998

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I just checked the market and seen it is down 900 points. They say it is due to fears of the Corona virus. What do you guys say, are we all doomed or is it time to buy on the dip. I'm thinking of picking up Apple.
 

FIVEHOE

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This is just my thoughts: I think the market is gonna continue on a downward trend for at least a month or two. China had covered up the extent of the severity of the virus, and now it’s coming to light in the media.

I think gold is going to be a decent hold, and NUGT in the upcoming weeks/month.

If you want to be safe, trickle money in starting today, and if the dip continues, gradually dump more in. That’s my plan because for all we know, they could come out with a cure tomorrow and the market would bounce back.
 

HillbillyHotRod

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Next two weeks will tell. WHO is downplaying it but everyone is skittish right now. It will take a while for a vacine to become available. Also the market was way up so that did not help any.
 

mariusvt

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I just checked the market and seen it is down 900 points. They say it is due to fears of the Corona virus. What do you guys say, are we all doomed or is it time to buy on the dip. I'm thinking of picking up Apple.

Closed down 1031 for the day.
 

DAVESVT2000

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Just read an article online, said the past 10 years, illness outbreaks and market effects, most markets bounce back within 3-6 months
 

FIVEHOE

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Just read an article online, said the past 10 years, illness outbreaks and market effects, most markets bounce back within 3-6 months

I would say best to compare it to how the market reacted to SARS. SARS had a higher mortality rate, but Coronavirus is spreading quicker.
 

VRYALT3R3D

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Next two weeks will tell. WHO is downplaying it but everyone is skittish right now. It will take a while for a vacine to become available. Also the market was way up so that did not help any.
The WHO is doing more than downplaying it. They are corrupt and the head of the WHO is BFFs with China.
 

598

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Dow futures already up 250 tonight. Now that daily market trading is mostly computer and AI trade, they hunted the market downside thursday morning, again friday to make sure, then had their way monday morning. 500-700 lower and they pretty much know there will be sell stops on the close, so run the suckers out, then there is 1000 points of air to churn whomever they can get to wade in. Instant increase in options vol, which they will sell and collect on, as an added bonus. As long as unemployment stays low, most of the duly employed will diligently add to their IRA or 401 or 403 or whatever retirement system your employer has, to feed the beast, and the cycle repeats.
 

Coiled03

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Just read an article online, said the past 10 years, illness outbreaks and market effects, most markets bounce back within 3-6 months

Damnit.

We NEED a good bear market. It's so overbought right now it's insane.
 

me32

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Dow futures already up 250 tonight. Now that daily market trading is mostly computer and AI trade, they hunted the market downside thursday morning, again friday to make sure, then had their way monday morning. 500-700 lower and they pretty much know there will be sell stops on the close, so run the suckers out, then there is 1000 points of air to churn whomever they can get to wade in. Instant increase in options vol, which they will sell and collect on, as an added bonus. As long as unemployment stays low, most of the duly employed will diligently add to their IRA or 401 or 403 or whatever retirement system your employer has, to feed the beast, and the cycle repeats.
25% into the 401k
 

ON D BIT

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China hiding real numbers. Real numbers were released on 2/2 by mistake. China said 14k infected 304 dead.
Natural attrition rate in China is 7.1 die of 1k people every year. America is 7.3. Put those numbers into Wuhan a city bigger than New York City it looks like this. 11 million would be 6500 dead every month on ave in a normal month. Would China quarantine 400+ million for a spike of 300 or even 1000 more in a month?

Real numbers on 2/2 were 154k infected 24.5k dead. In one month!
Numbers are back up by Wuhan 49 crematoriums not being able to burn the bodies fast enough at 100 a day at each site. 40 more industrial incinerators were just brought in.

Now numbers doubling in S Korea Japan Italy Iran....

It will get bad before it gets better.
Tencent may have accidentally leaked real dat... | Taiwan News
8903AF94-5A47-4E41-B21A-C3A214659442.jpeg
 
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q6543

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We NEED a good bear market. It's so overbought right now it's insane.[/QUOTE]

We are barely 1 year out from the last bear market. This will run for 5 or 6 more years easily.
 

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