2020 US markets
- keegs
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Wall St shrugged off today's attempts by the Fed to stabilize the credit markets. The DOW is now down 35% from its high. Even so, valuations are still 1-2% above their mean. Hold your fire.
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Getting real close to throwing what little amounts of cash at it my wife and I can afford which isn't much.
- keegs
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Predictions are pretty much all over the place. These swings tend to overshoot and so my sense of it now is that if we don't contain the virus we might have another 20% to go. When I find my mojo I'll probably go back in with dollar cost averaging.
- bambooboy
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bought 50 more shares of AT&T@ 27 something.got in last year at 30,then went to 38. don't need the money now so i'm hoping for nice comeback in a few years.
- keegs
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For what it's worth... some perspective on how recovery could unfold:
https://www.washingtonpost.com/business/2020/03/2 ... ronavirus/
https://www.washingtonpost.com/business/2020/03/2 ... ronavirus/
- freetown fred
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Not a monetary genius but I'm lookin towards a quick recovery after this corona crises levels out. Just an old farmers thoughts & I'm surely not as brilliant as some of those Wa-Po writers!! .>)
- keegs
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FF, motive/ incentive... consider also that portfolio managers, and politicians have them too.freetown fred wrote: ↑Sat. Mar. 28, 2020 7:47 amNot a monetary genius but I'm lookin towards a quick recovery after this corona crises levels out. Just an old farmers thoughts & I'm surely not as brilliant as some of those Wa-Po writers!! .>)
Fiscal stimulus (we were running a $ trillion deficit) and historically low interest rates had been goosing what was already a pretty healthy economy. And despite a 35% decline, the S&P is still 4% above its mean.
- bambooboy
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Could the federal reserve start buying stocks? its never been done before. https://www.cnbc.com/2020/03/29/what-it-would-tak ... risis.html
- johnjoseph
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Would you support such a move?bambooboy wrote: ↑Mon. Mar. 30, 2020 6:58 pmCould the federal reserve start buying stocks? its never been done before. https://www.cnbc.com/2020/03/29/what-it-would-tak ... risis.html
- lsayre
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Banks invest in stocks. Every US bank is a Federal Reserve bank.bambooboy wrote: ↑Mon. Mar. 30, 2020 6:58 pmCould the federal reserve start buying stocks? its never been done before. https://www.cnbc.com/2020/03/29/what-it-would-tak ... risis.html
- johnjoseph
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- johnjoseph
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