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03-09-2020, 04:07 AM | #3916 |
TACO SALAD
Join Date: Apr 2008
Location: yes
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oil was 30+% down overnight. It's crept back to a mere 20% down
I can't believe how fast the 10 year is dropping. I guess refinance anything you can |
Posts: 6,001
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03-09-2020, 06:16 AM | #3917 |
Fish are scared of me
Join Date: Nov 2001
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If I had 50K to throw out there I'd seriously consider USO
Seriously thinking about borrowing from my LOC at 7% |
Posts: 40,627
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03-09-2020, 07:19 AM | #3918 |
2 Legit 2 Colquitt
Join Date: Sep 2010
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Posts: 4,742
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1 0 |
03-09-2020, 07:34 AM | #3919 |
2 Legit 2 Colquitt
Join Date: Sep 2010
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And of course my Robinhood account is doing great while my IRA is getting slaughtered.
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Posts: 4,742
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03-09-2020, 07:36 AM | #3920 |
Andy Reid Supporter
Join Date: Apr 2012
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Welcome to the recession
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Posts: 46,823
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03-09-2020, 07:41 AM | #3921 |
Sexiest Athlete
Join Date: Apr 2001
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Circuit breakers tripped pretty much at the open.
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Posts: 12,584
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03-09-2020, 07:49 AM | #3922 |
I'll be back.
Join Date: Nov 2002
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MIGHT BE TIME TO BUY IBIO AGAIN
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Posts: 282,919
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03-09-2020, 07:55 AM | #3923 |
Hockey Town
Join Date: Apr 2005
Location: Kansas City, Missouri
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Quick everyone buy bitcoin.
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Posts: 111,472
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1 0 |
03-09-2020, 07:56 AM | #3924 |
MVP
Join Date: Oct 2012
Location: HERMOSA BEACH,CA
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Money so they say,
is the root of all evil today - Pink Floyd |
Posts: 13,928
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03-09-2020, 09:03 AM | #3925 |
In Search of a Life
Join Date: Aug 2005
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I zeroed in on SPEX and put a buy order in on it over the weekend. I expected the market to tank today and it did. I was hoping SPEX was going to dip since it doubled on Friday. It didn't- it came out and tripled. I missed out on a home run. My instincts have been good but my timing and execution have sucked the last week. I still made money in trades but leaving a Lot on the table.
It seems that fear and greed are driving this market to extremes. Good dividend paying Blue Chips are dropping like rocks while companies with no income are going up 1,000% in a week. Crazy! |
Posts: 43,200
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03-09-2020, 09:07 AM | #3926 |
Indian Twitter
Join Date: Nov 2000
Location: Free Agency
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I moved my money to safety probably 10 days ago or more and I had a bunch on the sideline anyway. I'm wanting to get back in but where's the bottom? Then I need a good seven or eight year run up to retirement.
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Posts: 15,225
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03-09-2020, 09:22 AM | #3927 |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Posts: 57,369
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03-09-2020, 09:24 AM | #3928 |
Sexiest Athlete
Join Date: Apr 2001
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Trading was halted for 15 minutes to (ideally) slow down the selling. The first circuit breaker was tripped when the S&P 500 dropped 7% right after the open.
The next circuit breaker occurs if markets drop 13% (if I remember correctly); if markets drop 20% in a day, trading is suspended for the remainder of the day. Part of the reason for the circuit breakers is to prevent flash crashes from computerized algorithmic trading. |
Posts: 12,584
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03-09-2020, 09:38 AM | #3929 | |
Supporter
Join Date: Apr 2007
Location: Scott City KS
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Quote:
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Posts: 57,369
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03-09-2020, 09:48 AM | #3930 |
MVP
Join Date: Oct 2017
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Where indeed. That's why timing the market is so difficult.
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Posts: 7,352
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