Anyone else enjoying watching the DOW tank today?

Wait until the second wave hits, lol..

As of right now on May 18 3:40pm DOW is up over 900 points. So all you nay sayers... RELAX. You guys are too negative. Stop living in fear. Stocks are Up over 24,000.

Dow DJIA +3.85% could hit 30,000 points by 2021 and 40,000 by 2023 as the U.S. economy recovers over the longer term!
So if we are good why does it all look so 'bleak' everywhere else?

arty5987 wrote:

As of right now on May 18 3:40pm DOW is up over 900 points. So all you nay sayers... RELAX. You guys are too negative. Stop living in fear. Stocks are Up over 24,000.

Everyday down a little, then up a little + a little. Climbing slowly, those that took a bath by selling, will wake up and say how did it hit 30,000.

W9XR wrote:

arty5987 wrote:

As of right now on May 18 3:40pm DOW is up over 900 points. So all you nay sayers... RELAX. You guys are too negative. Stop living in fear. Stocks are Up over 24,000.

Everyday down a little, then up a little + a little. Climbing slowly, those that took a bath by selling, will wake up and say how did it hit 30,000.

That´s why I don´t sell. It is permanent once I buy. It could go to zero... but I don´t ever sell. Not after
I learned that lesson of hurried, precipitated selling where I lost my shirt. Even after a biotechnology company failed in a trial for an FDA approval. The other drug projects usually come to the rescue.

robal

W9XR wrote:

arty5987 wrote:

As of right now on May 18 3:40pm DOW is up over 900 points. So all you nay sayers... RELAX. You guys are too negative. Stop living in fear. Stocks are Up over 24,000.

Everyday down a little, then up a little + a little. Climbing slowly, those that took a bath by selling, will wake up and say how did it hit 30,000.

Agree with that, never sell in a downturn. Your investment mix should be such that you don't need to. It was obvious a correction would come sooner or later, although this did feel like more than a correction, lol. Down again today but only half yesterday's gains. It's all virus news driven at this point.

There is the twenty year rule! If you keep for twenty years you will survive all ups and downs and you will earn the average of 10%! It has been like this from the beginning and is the first rule you learn when joining a group of investors!

If there’s one thing we know about sideways ranges, it’s that they eventually break higher or lower – usually with fireworks.
The only question is: which way will it go?

.

Enzyte Bob wrote:

If the stock market continues to tank soon it will be over 30,000.

One thing that is certainly different this time is individual investors were stepping in to buy near the lows while the professional money managers appeared to be panicking. This may truly end up being the revenge of the little guy.

There is a disconnect between the markets and the reality on the ground , the world economy is in the toilet , most economies have monster debt levels and the markets go up !

"The twilight zone "

God help us if their is a second wave .

Swings and merry go rounds. While I took a big hit 2 months ago and on paper lost a quarter of a million, as it started to bounce back I threw in another half million and have picked up over 10% of that in 6 weeks, the other investments are correcting.
lasvegan hit the nail on the head, you want high returns there are risks and one has to have the balls to hang in there, even inject more capitol when the opportunities surface. OMO.

Cheers, Steve.