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  #11  
Old 03-12-2020, 10:34 AM
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Cornholio Cornholio is offline
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The run up or sell off of the market is just a made up trend that the sheep (traders) follow. They talk themselves into panic selling and the self fulfilling prophecy is completed.
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  #12  
Old 03-12-2020, 11:18 AM
grizzley grizzley is online now
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The market was getting too high, short traders are making fortunes right now and I'm sure they will continue to fuel the fire in anyway possible to take advantage of this downturn.
Most people forget, there's as much profit to be made in a down market as there is in an up market, unfortunately the average investor is going to take a pounding before the dust settles.
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  #13  
Old 03-12-2020, 01:29 PM
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TUNASUB TUNASUB is offline
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My adviser just told me a good one.

My 401K is like my face. I shouldn't touch either.
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  #14  
Old 03-12-2020, 01:36 PM
vteye3 vteye3 is offline
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The market automatically stops trading after a 7% decline an takes a 15 time out.
The market triggers are designed to slow down the computer trading that automatically
happens. I bought today (S&P down 25%) and will continue buying at future "lower" points till it
stabilizes.
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  #15  
Old 03-12-2020, 01:42 PM
Custom Eyes Custom Eyes is online now
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The fed is pumping $1.5 trillion into the market and they went down even further after the announcement. I don't think throwing money at this problem is going to solve anything.

https://www.wsj.com/articles/fed-to-...Dr57XWg644lF84
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  #16  
Old 03-12-2020, 02:37 PM
walleyecheek walleyecheek is offline
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Dow dropped 2300 points and crude oil only down 1.60 ??????
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  #17  
Old 03-12-2020, 04:14 PM
eriksat1 eriksat1 is offline
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Worst one day loss since 1987.
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