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DannyPetti
Discussion » Questions » Finance » Is this a buyers market since the Dow plunged?

Is this a buyers market since the Dow plunged?

It never stays down.  Waddya think?

Posted - August 14, 2019

Responses


  • Ummm no, that’s the largest drop of the Dow for 2019. Percentage wise, that’s the forth largest drop of all time. With the inverted yield curve, statistically all of North America should be expecting a recession in the next 9-18 months. Don’t buy anything! Expect maybe some nice shoes. 

      August 14, 2019 7:26 PM MDT
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  • 8214
    Nice shoes I can handle, thank you. 
      August 14, 2019 7:36 PM MDT
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  • You’re welcome :) 
      August 14, 2019 8:15 PM MDT
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  • 34251
    If you have money to spare until it comes up. 
      August 14, 2019 7:59 PM MDT
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  • No, that’s not good advise. Obviously if you have long term investments and don’t plan on retiring for another 10 plus year,  it wouldn’t be a wise time to sell. It’s better to ride it out. But investing in something new right now...With what the trade wars potential (and has already started) to do to the global economy, you may as take your pay check and burn it. Way to go Trump :/ 

      August 14, 2019 8:16 PM MDT
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  • 34251
    That is why I said money you do not have to have. 
      August 15, 2019 4:22 AM MDT
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  • Well I personally have to have all my money :) at least I want to keep it. 

      August 15, 2019 5:51 AM MDT
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  • 34251
    The stock market always comes back just a matter of time. Just cannot panic and sell at a loss. And stick with eatablished companies. 
      August 15, 2019 6:05 AM MDT
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  • I realize the stock market always bounces back. And while a yield inversion doesn’t always lead to a recession , a recession has always been preceded  by a yield inversion. Given the state of the global economy, all signs point to a recession with in the next two years. I  believe it will happen (I hope it doesn’t) and I do not plan on investing any more money into American equities, may as well burn my pay check, IMO. 

      August 15, 2019 8:05 AM MDT
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  • 13277
    You should always buy when the market is down, and it's the worst time to sell.
      August 14, 2019 8:17 PM MDT
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  • Not when a 2 year bond is yielding more return  than a ten year FFS. When usually  stable markets are completely inverted what would make you think it’s a good time to invest in an unstable market? You people need to start watching more than CNN and fox. 

      August 14, 2019 8:27 PM MDT
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  • 13277
    I don't need to watch TV. I studied finance and capital markets while earning my MBA from a top business school, and I worked on Wall Street for 10 years. The yield flip may portend a recession, but that can be years away. Don't invest if you don't want to, but don't be a chicken baby about it. This post was edited by Stu Spelling Bee at May 31, 2020 7:39 PM MDT
      August 14, 2019 9:05 PM MDT
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  • I most certainly am not a chicken baby about it,  but I’m also not an idiot when it comes to investing my money. I have the highest percentage  amount legally allowable in my investment portfolio as a Canadian,  invested in to American equity, because over time it typically performs better than Canadian equities. I’m not going to sell any of it off, so no I’m not a CHICKEN BABY. But I am pissed off at what your president is doing to negatively affect the global economy and on a personal level, my own investments. I find it hard to believe that you worked on Wall Street if your advise is” sell high, buy low” with out considering all the market factors and what is going on in the world right now financially ... but okay, if you say so. 


      August 14, 2019 9:16 PM MDT
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  • 13277
    What would be the point of lying about that on a dumb old site like this? It was 1998-2008, first with Lebenthal and later with UBS.
      August 14, 2019 10:19 PM MDT
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  • I wasn’t to implying that you are lying.  I was  implying that you should know better considering your education and employment history. 

      August 15, 2019 4:33 AM MDT
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  • 13277
    Seems to me that you are implying that knowing better equates to agreeing with your opinion or that of some talking head on CNN.
      August 15, 2019 6:51 AM MDT
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  • Wtf are you on about?? I don’t watch CNN. I don’t watch American based news channels. I base my opinions on my own knowledge about the economy and reliable news sources. Just because I do not normally choose to participate in current event topics, politics etc, does not mean I am uneducated or uninformed on what is happening in the world. Also I don’t live in the “American bubble” were I assume nothing matters besides what’s going on in my own country.  
      August 15, 2019 8:07 AM MDT
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  • 13277
    So it still seems that you feel that if I don't agree with you, then I don't know better.
      August 15, 2019 8:32 AM MDT
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  • Correct, so then why don’t you just agree with me so I can get back to discussing music and chicken babies,  like a normal person. 

      August 15, 2019 8:37 AM MDT
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  • 13277
    LOL.
      August 15, 2019 10:37 AM MDT
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  • 1893
    Stu & jaimie why don't you two call a 3 beer timeout............ 
      August 15, 2019 1:55 PM MDT
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  • ;p 
      August 15, 2019 7:14 PM MDT
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  • 46117
    That was magnificent.  
      August 15, 2019 2:06 PM MDT
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  • 46117
    What I know about the DOW is as much as what Trump's base knows about TRUMP.  NOTHING. NADA.  ZILCH.  ZIP.
      August 14, 2019 8:54 PM MDT
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