Originally Posted by The Elkster (Post 4117725)

I'm in cash but I don't feel particularly safe in the long run. This event could very well be big enough to put banks at risk and potentially cause a big financial reset.

And for those inclined to read too much into this. No I don't think banks are going to collapse in a few days or a month or even a few months. My concern is that this virus will reek havoc on economy for a year or more. The whipsaw battle between containing this virus and maintaining an economy and supply chain is going to be TOUGH based what I've observed over the last month. This virus spreads very efficiently and is more nasty than most are giving it credit for. Interesting to see a bunch of top Iranian officials are now confirmed infected. I foresee some instability in Iran as a lot of their leaders are in the older demographic. Concerning times.

Originally Posted by bdub (Post 4117640)

The DOW is a poor index to track, its the top 60 large US caps. You would want to be in a much broader index fund that tracks the Sp500 instead. Lots to chose from there. Vanguard, Spyder, Blackrock all have good options. Vanguard is probably the cheapest historically but I haven’t looked in a while. Another good option in my opinion for broad exposure and good management would be BRK.B.

If a guy is looking for a safe time to get back in focus on the level on the VIX. We need a week or so of it under 20 ish before all clear imo. Watch trading volumes. Wait for the selling pressure to exhaust itself. Be patient. Look back at 2008-09 period, market bottoms take time and don’t worry about missing a few points by trying to pick the bottom. This thing could be over next week or stretch over several months. Have some rules and a shopping list ready if you are looking at individual stocks. All just my opinions.

Originally Posted by 1stLand (Post 4117750)

thanks!

Originally Posted by chuck (Post 4117799)

The Trump Government doesn’t trust the news? Well that’s shocking.

Originally Posted by chuck (Post 4117799)

The Trump Government doesn’t trust the news? Well that’s shocking.

Originally Posted by Justfishin73 (Post 4117817)

Holy crap--Dow closed down 1190 pts, futures down 1350 pts. Wow, I wanted a low re-entry point at 22,000--didn't think it would be next week though! :scared0015:

Now, this is some scary stuff

Originally Posted by Justfishin73 (Post 4117817)

Holy crap--Dow closed down 1190 pts, futures down 1350 pts. Wow, I wanted a low re-entry point at 22,000--didn't think it would be next week though! :scared0015:

Now, this is some scary stuff

Originally Posted by Justfishin73 (Post 4117829)

Looking at live streaming futures

https://www.investing.com/indices/indices-futures

Originally Posted by Twisted Canuck (Post 4117848)

Yup. Definitely time to stock up on tinned goods, toilet paper, and ammunition if you haven't already. Some gold and silver bullion would be good too.....

Originally Posted by Zip-in-Z (Post 4117477)

Originally Posted by Justfishin73 (Post 4117853)

Smart man

Originally Posted by Justfishin73 (Post 4117817)

Holy crap--Dow closed down 1190 pts, futures down 1350 pts. Wow, I wanted a low re-entry point at 22,000--didn't think it would be next week though! :scared0015:

Now, this is some scary stuff

Originally Posted by bdub (Post 4117777)

This ought to calm markets. Now the White House is going to try and control the narrative on the virus. Taking a lesson from communist China now? Wow. This is a repeat of 1918-20. Same crap, different point in history.

From NY Post just now.

Government health officials and scientists will have to coordinate statements with the vice president’s office, one of three people designated as the administration’s primary coronavirus official.

WASHINGTON — The White House moved on Thursday to tighten control of coronavirus messaging by government health officials and scientists, directing them to coordinate all statements and public appearance with the office of Vice President Mike Pence, according to several officials familiar with the new approach.

Originally Posted by Twisted Canuck (Post 4117848)

Yup. Definitely time to stock up on tinned goods, toilet paper, and ammunition if you haven't already. Some gold and silver bullion would be good too.....

Originally Posted by omega50 (Post 4117867)

Too late-Costco was off the hook busy. My normal 45 minutes in and out was over 90 minutes.
No sanitizer or masks, but lots of Blue Nitrile Gloves -$9.99 for 150 count
Got the tinned goods,ADR and chicken and beef Boullion:)

Actually spent more on liquor than I did on prepping.
Figured if this is how I go, might as well make it good:sHa_shakeshout:

Originally Posted by KinAlberta (Post 4117865)

Not scary. It’s just business. Markets go up and down. I’ve been investing since I was a teenager and have seen many ups and downs.

Anyone that can stand some volatility shouldn’t be in equity markets.

Originally Posted by KinAlberta (Post 4117866)

Idiots.

No better way to drive fear into the markets than to ensure that no one trusts their government or knows what the heck their government is really doing. (Like telling everyone to stay calm and not to panic while the insiders are taking steps to protect themselves.)

Originally Posted by elkhunter11 (Post 4117806)

I guess they need to buy the media, like the Trudeau government does. They provide funding to the companies that support them, and take away funding from anyone that doesn't support them.

Originally Posted by chuck (Post 4117799)

The Trump Government doesn’t trust the news? Well that’s shocking.