Bear market thread

Discussion in 'Politics and Religion' started by Western Font, Mar 16, 2020.

  1. Western Font

    Western Font Registered

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    Following up on a recent post to have a separate thread for the economic fallout from COVID-19 and the downturn many were anticipating because of the yield curve and other data.

    There’s plenty to say about the administration but I’m also curious about what the average person can do to protect themselves and also contribute to the recovery.

    And what happens with real estate? Zero interest rates and falling stock, bond, and even commodities markets notionally make real estate a haven—except no one is looking at 20 open houses if they’re isolating. And taking on debt even at the most favorable rates is tough when you’re worried about layoffs. Most of all I don’t want people to lose their homes (whether they are mortgaged or renting).

    I’ve had to exit a few discussions that took on a bit too much schadenfreude or gross profiteering. I anticipate a bit more humanity from this group, fortunately.
     
  2. Rivercard

    Rivercard Too much good stuff

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    What would happen if they shut down Wall Street for a month like everything else? No trading, stay home.
     
  3. AZCrazy

    AZCrazy Registered

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    I wonder if a quarantine would pertain to the trading pits as well....
     
  4. AZCB34

    AZCB34 Registered User

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    You would be freezing access to people's money. That would cause mad revolt. Would make the run on toilet paper look like childs play
     
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  5. Luciano

    Luciano Registered

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  6. dscher

    dscher Registered

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    NYSE president on the other day saying they have no plans of shutting down. But that was the other day. Lol.
     
  7. elindholm

    elindholm edited for content

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  8. Russ Smith

    Russ Smith The Original Whizzinator Contributor

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    It's completely uncharted waters. We're now what 300 points above where the DOW was when Trump took over. Its' gone from 29 to 20 something in a few weeks, YUGE drop.

    I'm just hoping my company is good and pays everyone while this is going on, even the hourly people who can't work from home.
     
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  9. thirty-two

    thirty-two boglehead Contributor

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    I’m gonna try and increase my retirement contributions by 25-50 bucks a paycheck. Not much, I know, but I’m in this for another 25-30 years. Index funds (90%) and 10% bonds. Holding on tightly with what Jack Bogle preached.

    I don’t invest in much stocks except for a very small side account with Robinhood, mainly just for fun, not serious investing, and not for a significant amount of money. Holy freaking hell it’s scary watching that get clobbered.
     
  10. Kel Varnsen

    Kel Varnsen Moderator Contributor

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    I'm thinking the same thing, fellow Boglehead.
     
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  11. dscher

    dscher Registered

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    3 years wiped away in 3 weeks. Stairs up, elevator down. Crazy stuff no doubt.
     
  12. Western Font

    Western Font Registered

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    FWIW Goldman Sachs said the Dow could lose another 16% which would take it below 17,000, and the S&P could fall to 2000. That’s around 32% and 40% off the recent highs. But Goldman also said the rebound could be swift by the end of the year. I don’t endorse or deny this. What’s happening now is partly in reaction to numbers from China during the outbreak, so we’ll have to see our own numbers.
     
  13. dscher

    dscher Registered

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    His advice of your age in bonds is a very easy and sound strategy IMO
     
  14. UncleChris

    UncleChris Retirement Doesn't Suck Contributor

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    Hey..how's the old 401k doing? Donny? Donny?
     
  15. Ouchie-Z-Clown

    Ouchie-Z-Clown I'm better than Mulli!

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    Stop watching it. If you’re buy and hold long term watching does nothing but give you heartburn.
     
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