So bottom is probably behind us....right?

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dbadalam
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So bottom is probably behind us....right?

Post by dbadalam » Wed Mar 25, 2020 6:07 am

I’m learning from the FIRE club and boggle fans that nobody really knows if we hit bottom already. But everyone tries to guess and speculate. So are you thinking the bottom is probably in the review mirror? Or are you thinking we really have not priced in more bad news to come?

fabdog
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Re: So bottom is probably behind us....right?

Post by fabdog » Wed Mar 25, 2020 6:08 am

As you said, guessing and speculation. No one knows the answer.

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livesoft
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Re: So bottom is probably behind us....right?

Post by livesoft » Wed Mar 25, 2020 6:12 am

Not if past debacles are any indication of what might happen.
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watchnerd
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Re: So bottom is probably behind us....right?

Post by watchnerd » Wed Mar 25, 2020 6:17 am

Any opinion I express is speculation and has no impact on my investing strategy.

No, I don't think we're at the bottom yet, it's probably an intermission between Act I (de-risking) and Act II (earnings and unemployment numbers come in).

But of course I don't know.
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JoeRetire
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Re: So bottom is probably behind us....right?

Post by JoeRetire » Wed Mar 25, 2020 6:19 am

dbadalam wrote:
Wed Mar 25, 2020 6:07 am
So are you thinking the bottom is probably in the review mirror?
No, I don't think that at all.

We have a very tough quarter or two in our future. Hopefully, not more than that.
It's the end of the world as we know it. | It's the end of the world as we know it. | It's the end of the world as we know it. | And I feel fine.

peskypesky
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Re: So bottom is probably behind us....right?

Post by peskypesky » Wed Mar 25, 2020 6:20 am

I'm not sure how we could have already hit the bottom when the pandemic is just really getting started in several of the biggest economies on the planet.

columbia
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Re: So bottom is probably behind us....right?

Post by columbia » Wed Mar 25, 2020 6:28 am

That would be a poor assumption.
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nisiprius
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Re: So bottom is probably behind us....right?

Post by nisiprius » Wed Mar 25, 2020 6:36 am

I would not be surprised if the bottom is behind us. I would not be surprised if it isn't. I'm really mean that, both of 'em.

Being an Eeyore type, my guess, mood, impulse is that it isn't--either in terms of the pandemic or the economy--but I've been wrong enough before that I try not to let my mood affect my investments much. (Try. Much.)*

One of the characteristics of both 1929-1945 and 2008-2009 is that within the big dip, you have a fractal structure. You have big upward movements within the overall fall, fairly big downward movements within those upward movements, and so on. Every upward movement might mark the bottom, or it might be "a dead cat bounce" or "a value trap." You really don't know. What is fairly typical in big declines is that you see many things that you hope are bottoms that turn out to be false dawns.

And very often what makes people finally throw in the towel is a big downward plunge after they had committed too strongly to the idea that it was over.

A famous optimistic poem which I'll quote in full in a moment contains the line: "If hopes were dupes, fears may be liars." Emotionally, you need to watch out for both. Personally I need to remember that "fears may be liars," but we also should remember that hopes may be dupes. Don't stake too much emotionally on the idea that the bottom is behind us.

Actually, we have an interesting test coming up today, and I'll just write it down. If I read the news correctly, "Senators reach deal on $2 trillion stimulus bill aimed at coronavirus, bill will pass 'later today,' says McConnell." That ought to give a big lift to the stock market, maybe not permanent. It sounds like a sure thing that the stock market will go up today. But... did the stock market actually "price that in" yesterday? So, whaddaya think? My stupid uninformed guess is that the actual passage of the bill will create an upward movement and it is a "sure thing" that it will go up today, but I have no intention of buying stock early today in hope of scoring a quick win. We will see what happens.

Here's that poem, by the way. Again, even if the land is bright to the west, we might still be in the phase of "tired waves vainly breaking."

Say not the Struggle nought Availeth
BY ARTHUR HUGH CLOUGH

Say not the struggle nought availeth,
The labour and the wounds are vain,
The enemy faints not, nor faileth,
And as things have been they remain.

If hopes were dupes, fears may be liars;
It may be, in yon smoke concealed,
Your comrades chase e'en now the fliers,
And, but for you, possess the field.

For while the tired waves, vainly breaking
Seem here no painful inch to gain,
Far back through creeks and inlets making,
Comes silent, flooding in, the main.

And not by eastern windows only,
When daylight comes, comes in the light,
In front the sun climbs slow, how slowly,
But westward, look, the land is bright.


*To give one specific example, I really thought Y2K was going to be a very big deal, maybe not "the end of the world as we know it," but "a story to tell my grandchildren." Didn't go into full prepper mode, but did buy three eight-gallon water storage jugs...
Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness; Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.

agbp
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Re: So bottom is probably behind us....right?

Post by agbp » Wed Mar 25, 2020 6:44 am

I failed to rebalance earlier this year and am considering converting some stock to bonds. I had meant to lower my AA from 60/40 to 50/50. It sounds like you all think the bottom is well ahead of us, so maybe I should do that today before things get worse. Does that make sense? I'm retired.

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Ramjet
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Re: So bottom is probably behind us....right?

Post by Ramjet » Wed Mar 25, 2020 6:46 am

watchnerd wrote:
Wed Mar 25, 2020 6:17 am
No, I don't think we're at the bottom yet, it's probably an intermission between Act I (de-risking) and Act II (earnings and unemployment numbers come in).
I also think the unemployment numbers are going to be surprising to many

Mrmetalpole
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Re: So bottom is probably behind us....right?

Post by Mrmetalpole » Wed Mar 25, 2020 6:51 am

Ramjet wrote:
Wed Mar 25, 2020 6:46 am
watchnerd wrote:
Wed Mar 25, 2020 6:17 am
No, I don't think we're at the bottom yet, it's probably an intermission between Act I (de-risking) and Act II (earnings and unemployment numbers come in).
I also think the unemployment numbers are going to be surprising to many
Unemployment increases are just getting started. We haven’t seen many big layoffs and bankruptcies in the news flow just yet. A few yes, but have to think many more are coming

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bottlecap
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Re: So bottom is probably behind us....right?

Post by bottlecap » Wed Mar 25, 2020 6:53 am

I predict that if the recent market was a completely psychological reaction of investors, we might have turned the corner.

If this crisis altered the underlying fundamentals and still can, it ain't over.

But I don’t know which it is. Or if I’d be right anyway. An economy is too complex for anyone to predict, no less the world economy.

JT

Montgomery
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Re: So bottom is probably behind us....right?

Post by Montgomery » Wed Mar 25, 2020 6:55 am

To quote another thread I think it is likely “the end of the beginning”

Tiny Portfolio
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Re: So bottom is probably behind us....right?

Post by Tiny Portfolio » Wed Mar 25, 2020 7:03 am

unemployment numbers haven't come out yet, remember the most recent jobs report added 275k jobs
Quarterly earning haven't come out yet, the most recent earnings reports were positive.
GDP number haven't come out yet, again the last GDP number we have are positive albeit low.
No news of massive layoffs has hit..... yet.
No 100+ year old too big to fail companies have went belly up...Yet
No mass credit card defaults...yet
No mass car repos....yet
No mass foreclosures....yet
No spike in bankruptcies...yet


None of these are guaranteed to happen and only a few might, but as of right now they are all still unknown. Until we can cross them off the list how can this be the bottom?

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JoMoney
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Re: So bottom is probably behind us....right?

Post by JoMoney » Wed Mar 25, 2020 7:09 am

Maybe... I don't think that game is worth playing though... I mean if you were good at it, of course it would be incredibly profitable, I just don't think it's something I can get an edge on, and I have no interest in adding a speculative bet with zero expected return (if market's are efficient) or a negative expectation (if there are participants with better information than me - and if you have watched the political news there's been some talk of that).

That said, my gut says there has not yet been enough pain in this bear market. While there's obviously been plenty of capitulation, my feel is that this would have been way to quick to reach the bottom and not enough worry from stronger holders to really touch a bottom yet.
"To achieve satisfactory investment results is easier than most people realize; to achieve superior results is harder than it looks." - Benjamin Graham

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Re: So bottom is probably behind us....right?

Post by jebmke » Wed Mar 25, 2020 7:11 am

At the rate the FED is expanding its asset purchases, I don't think we will see the bottom until they start buying Bitcoin. I have no idea where the bottom is but a Dow below 10,000 is not an unreasonable scenario.
When you discover that you are riding a dead horse, the best strategy is to dismount.

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tvubpwcisla
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Re: So bottom is probably behind us....right?

Post by tvubpwcisla » Wed Mar 25, 2020 7:12 am

I certainly hope so! I wouldn't mind seeing the new virus infection rate decrease for a few days in a row.
Stay invested my friends.

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watchnerd
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Re: So bottom is probably behind us....right?

Post by watchnerd » Wed Mar 25, 2020 7:12 am

JoMoney wrote:
Wed Mar 25, 2020 7:09 am
That said, my gut says there has not yet been enough pain in this bear market. While there's obviously been plenty of capitulation, my feel is that this would have been way to quick to reach the bottom and not enough worry from stronger holders to really touch a bottom yet.
That's my gut, too.

People aren't completely demoralized yet.
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GMCZ71
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Re: So bottom is probably behind us....right?

Post by GMCZ71 » Wed Mar 25, 2020 7:17 am

agbp wrote:
Wed Mar 25, 2020 6:44 am
I failed to rebalance earlier this year and am considering converting some stock to bonds. I had meant to lower my AA from 60/40 to 50/50. It sounds like you all think the bottom is well ahead of us, so maybe I should do that today before things get worse. Does that make sense? I'm retired.
NO.
Let that 50/50 come to you.
Convert bonds to stock to keep the 50/50
John

amitb00
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Re: So bottom is probably behind us....right?

Post by amitb00 » Wed Mar 25, 2020 7:19 am

I feel there is lot more downside. We will see 50% overall decline from peak for all three major indices.
I am long and staying course. Hoping all it will pass sooner than later. All stay safe, Amit

markcoop
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Re: So bottom is probably behind us....right?

Post by markcoop » Wed Mar 25, 2020 7:21 am

Sometimes I feel that the shape of these situations is assumed to be a "V". It is possible that we have hit the lowest low on Monday, but the recovery will just be very slow (years) with many ups and downs along the way.
Mark

rascott
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Re: So bottom is probably behind us....right?

Post by rascott » Wed Mar 25, 2020 7:29 am

Personally don't think we are anywhere near the bottom.

DizzyHippoMan
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Re: So bottom is probably behind us....right?

Post by DizzyHippoMan » Wed Mar 25, 2020 7:31 am

if the anti-malarial drugs work to any degree, there will be light ahead....

hoping for a miracle relief for the suffering
Last edited by DizzyHippoMan on Wed Mar 25, 2020 7:49 am, edited 1 time in total.

dharrythomas
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Re: So bottom is probably behind us....right?

Post by dharrythomas » Wed Mar 25, 2020 7:48 am

Nobody knows nothing!

But if we’re doing poetry:

If—
Rudyard Kipling - 1865-1936

If you can keep your head when all about you
Are losing theirs and blaming it on you;
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;

If you can wait and not be tired by waiting,
Or, being lied about, don’t deal in lies,
Or, being hated, don’t give way to hating,
And yet don’t look too good, nor talk too wise;

If you can dream—and not make dreams your master;
If you can think—and not make thoughts your aim;
If you can meet with triumph and disaster
And treat those two impostors just the same;
If you can bear to hear the truth you’ve spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to broken,
And stoop and build ’em up with wornout tools;

If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breathe a word about your loss;
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: “Hold on”;

If you can talk with crowds and keep your virtue,
Or walk with kings—nor lose the common touch;
If neither foes nor loving friends can hurt you;
If all men count with you, but none too much;
If you can fill the unforgiving minute
With sixty seconds’ worth of distance run—
Yours is the Earth and everything that’s in it,
And—which is more—you’ll be a Man, my son


Good luck with whatever you decide!

Nowizard
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Re: So bottom is probably behind us....right?

Post by Nowizard » Wed Mar 25, 2020 7:48 am

No.

Tim

DizzyHippoMan
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Re: So bottom is probably behind us....right?

Post by DizzyHippoMan » Wed Mar 25, 2020 7:56 am

dharrythomas wrote:
Wed Mar 25, 2020 7:48 am
Nobody knows nothing!

But if we’re doing poetry:

If—
Rudyard Kipling - 1865-1936

If you can keep your head when all about you
Are losing theirs and blaming it on you;
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;

If you can wait and not be tired by waiting,
Or, being lied about, don’t deal in lies,
Or, being hated, don’t give way to hating,
And yet don’t look too good, nor talk too wise;

If you can dream—and not make dreams your master;
If you can think—and not make thoughts your aim;
If you can meet with triumph and disaster
And treat those two impostors just the same;
If you can bear to hear the truth you’ve spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to broken,
And stoop and build ’em up with wornout tools;

If you can make one heap of all your winnings
And risk it on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breathe a word about your loss;
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: “Hold on”;

If you can talk with crowds and keep your virtue,
Or walk with kings—nor lose the common touch;
If neither foes nor loving friends can hurt you;
If all men count with you, but none too much;
If you can fill the unforgiving minute
With sixty seconds’ worth of distance run—
Yours is the Earth and everything that’s in it,
And—which is more—you’ll be a Man, my son


Good luck with whatever you decide!
thank you...that was new to me

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gilgamesh
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Re: So bottom is probably behind us....right?

Post by gilgamesh » Wed Mar 25, 2020 7:59 am

nisiprius wrote:
Wed Mar 25, 2020 6:36 am

Actually, we have an interesting test coming up today, and I'll just write it down. If I read the news correctly, "Senators reach deal on $2 trillion stimulus bill aimed at coronavirus, bill will pass 'later today,' says McConnell." That ought to give a big lift to the stock market, maybe not permanent. It sounds like a sure thing that the stock market will go up today. But... did the stock market actually "price that in" yesterday? So, whaddaya think? My stupid uninformed guess is that the actual passage of the bill will create an upward movement and it is a "sure thing" that it will go up today, but I have no intention of buying stock early today in hope of scoring a quick win. We will see what happens.
I was thinking the same, but it looks like futures which was in the positive dived down to red after the news...we will see

agbp
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Re: So bottom is probably behind us....right?

Post by agbp » Wed Mar 25, 2020 8:04 am

GMCZ71 wrote:
Wed Mar 25, 2020 7:17 am
agbp wrote:
Wed Mar 25, 2020 6:44 am
I failed to rebalance earlier this year and am considering converting some stock to bonds. I had meant to lower my AA from 60/40 to 50/50. It sounds like you all think the bottom is well ahead of us, so maybe I should do that today before things get worse. Does that make sense? I'm retired.
NO.
Let that 50/50 come to you.
Convert bonds to stock to keep the 50/50
Thanks for the reply. I suspect I'm already at 50/50.

Swivelguy
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Re: So bottom is probably behind us....right?

Post by Swivelguy » Wed Mar 25, 2020 8:15 am

If I were a betting man, I'd short the market with every fiber of my being.

But I'm not, so I'm limiting my bearishness for now to delaying my eventual rebalancing back to 80/20.

alluringreality
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Re: So bottom is probably behind us....right?

Post by alluringreality » Wed Mar 25, 2020 8:29 am

dbadalam wrote:
Wed Mar 25, 2020 6:07 am
So are you thinking the bottom is probably in the review mirror? Or are you thinking we really have not priced in more bad news to come?
I'm not selling, in case I'm wrong, and if I'm right I'll consider eventually buying more stock than my automatic purchases. I fully expect that future news is likely to result in continued lower prices. Because of days like yesterday and the 13th, I think there are lots of people in the stock market expecting a V shaped recovery. I figure the coming weeks or months could slowly shake out some of that optimism.

CnC
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Re: So bottom is probably behind us....right?

Post by CnC » Wed Mar 25, 2020 8:48 am

dbadalam wrote:
Wed Mar 25, 2020 6:07 am
I’m learning from the FIRE club and boggle fans that nobody really knows if we hit bottom already. But everyone tries to guess and speculate. So are you thinking the bottom is probably in the review mirror? Or are you thinking we really have not priced in more bad news to come?
I think that it is really really foolish to think the bottom is behind us when things haven't even gotten bad yet.


The curve is still sloping up, we won't be at the bottom until we see it leveling off at the least because deaths will increase x4 after new cases level off.

To think it's all over because of one single piece of good news seems foolish.

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birdog
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Re: So bottom is probably behind us....right?

Post by birdog » Wed Mar 25, 2020 8:49 am

watchnerd wrote:
Wed Mar 25, 2020 6:17 am
Any opinion I express is speculation and has no impact on my investing strategy.

No, I don't think we're at the bottom yet, it's probably an intermission between Act I (de-risking) and Act II (earnings and unemployment numbers come in).

But of course I don't know.
I agree.

If I were a betting man I'd say there's more downside to be had here.

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Re: So bottom is probably behind us....right?

Post by jebmke » Wed Mar 25, 2020 8:51 am

Ramjet wrote:
Wed Mar 25, 2020 6:46 am
watchnerd wrote:
Wed Mar 25, 2020 6:17 am
No, I don't think we're at the bottom yet, it's probably an intermission between Act I (de-risking) and Act II (earnings and unemployment numbers come in).
I also think the unemployment numbers are going to be surprising to many
If we even see them. Ohio has agreed not to publish their unemployment claims data.
When you discover that you are riding a dead horse, the best strategy is to dismount.

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Re: So bottom is probably behind us....right?

Post by Triple digit golfer » Wed Mar 25, 2020 8:55 am

peskypesky wrote:
Wed Mar 25, 2020 6:20 am
I'm not sure how we could have already hit the bottom when the pandemic is just really getting started in several of the biggest economies on the planet.
We easily could have. The market is forward looking. It doesn't always react to what happened. It reacts to what it thinks will happen. It rose record levels yesterday in anticipation of a stimulus plan, not because one occurred. One occurred last night and the market opened a bit down.

If the pandemic turns out to be economically less bad than the market expected, the market will likely increase. Maybe the market expects 30% unemployment and it will actually top out at 25%.

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Ramjet
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Re: So bottom is probably behind us....right?

Post by Ramjet » Wed Mar 25, 2020 8:56 am

jebmke wrote:
Wed Mar 25, 2020 8:51 am
Ramjet wrote:
Wed Mar 25, 2020 6:46 am
watchnerd wrote:
Wed Mar 25, 2020 6:17 am
No, I don't think we're at the bottom yet, it's probably an intermission between Act I (de-risking) and Act II (earnings and unemployment numbers come in).
I also think the unemployment numbers are going to be surprising to many
If we even see them. Ohio has agreed not to publish their unemployment claims data.
I live in Ohio too :|

Have other states agreed to the same?

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Tamarind
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Re: So bottom is probably behind us....right?

Post by Tamarind » Wed Mar 25, 2020 9:02 am

Seems unlikely. But I expect it will continue to seem unlikely until weeks or months after the bottom is actually behind us.

mancich
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Re: So bottom is probably behind us....right?

Post by mancich » Wed Mar 25, 2020 9:04 am

I doubt it is all rainbows and unicorns from here just because a huge stimulus bill was passed.. No one knows for sure of course, but I think we still have a lot of to'ing and fro'ing before this is all over.

phantom0308
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Re: So bottom is probably behind us....right?

Post by phantom0308 » Wed Mar 25, 2020 9:05 am

peskypesky wrote:
Wed Mar 25, 2020 6:20 am
I'm not sure how we could have already hit the bottom when the pandemic is just really getting started in several of the biggest economies on the planet.
The market is supposed to reflect what it expects to happen and include bad things happening in the future. The price goes down not when bad things happen, but when things happen that are worse than expectations. It should theoretically discount the pandemic hitting the other economies of the world.

My opinion is also that things will get worse but I don’t really know.

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Re: So bottom is probably behind us....right?

Post by Dottie57 » Wed Mar 25, 2020 9:12 am

agbp wrote:
Wed Mar 25, 2020 6:44 am
I failed to rebalance earlier this year and am considering converting some stock to bonds. I had meant to lower my AA from 60/40 to 50/50. It sounds like you all think the bottom is well ahead of us, so maybe I should do that today before things get worse. Does that make sense? I'm retired.
Why not let the market take you to 50/50? When recovery comes you can sell extra equity to maintain 50/50.

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yangtui
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Re: So bottom is probably behind us....right?

Post by yangtui » Wed Mar 25, 2020 9:14 am

Your question is impossible to answer.

chevca
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Re: So bottom is probably behind us....right?

Post by chevca » Wed Mar 25, 2020 9:18 am

A good old, yes... no... maybe answer applies here. :happy

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Re: So bottom is probably behind us....right?

Post by ZumZabo » Wed Mar 25, 2020 9:22 am

I think the bottom is not in yet. Usually with big and sharp drops like this, you will see some ups and downs for a couple of weeks and then a sharp drop to new lows on high volume that scares the life out of people who bought thinking that the bottom was in. They sell into it and then the selling dies off and then it moves up from there.
Not anything I would act on outside of possibly doing some buying to rebalance if it does happen. Just my observations/opinion. BTW, my opinion plus two dollars will buy you a tall coffee at Starbucks. :happy
What made me think I could start clean slated? The hardest to learn was the least complicated: Emily Saliers / And if I claim to be a wise man, it surely means that I don't know: Kerry Livgren

Blue456
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Re: So bottom is probably behind us....right?

Post by Blue456 » Wed Mar 25, 2020 11:03 am

dbadalam wrote:
Wed Mar 25, 2020 6:07 am
I’m learning from the FIRE club and boggle fans that nobody really knows if we hit bottom already. But everyone tries to guess and speculate. So are you thinking the bottom is probably in the review mirror? Or are you thinking we really have not priced in more bad news to come?
No. Based on data from Italy and Spain we will reach the bottom when people stop massively dying in New York City. Which is few days to few weeks behind Italy and Spain.

I just can’t imagine stocks going up when New Yorkers 65 and up are allowed to die because they are out of ventilators.
Last edited by Blue456 on Wed Mar 25, 2020 11:04 am, edited 1 time in total.

renue74
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Re: So bottom is probably behind us....right?

Post by renue74 » Wed Mar 25, 2020 11:04 am

Thursday some unemployment numbers come out. Come back and comment after that.

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nedsaid
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Re: So bottom is probably behind us....right?

Post by nedsaid » Wed Mar 25, 2020 11:13 am

We have probably seen the bottom but no way to know for certain. It depends upon how successful our efforts to contain the Coronavirus have been and how quickly we can get the economy up and running again. These things are still unknown.
A fool and his money are good for business.

vipertom1970
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Joined: Fri Jun 21, 2019 7:06 pm

Re: So bottom is probably behind us....right?

Post by vipertom1970 » Wed Mar 25, 2020 11:30 am

CnC wrote:
Wed Mar 25, 2020 8:48 am


I think that it is really really foolish to think the bottom is behind us when things haven't even gotten bad yet.


The curve is still sloping up, we won't be at the bottom until we see it leveling off at the least because deaths will increase x4 after new cases level off.

To think it's all over because of one single piece of good news seems foolish.
Put money where your mouth is and short the market !

Tigermoose
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Joined: Sat Jul 21, 2012 5:02 pm

Re: So bottom is probably behind us....right?

Post by Tigermoose » Wed Mar 25, 2020 11:33 am

Close enough to the bottom to make it worth buying imho.
Institutions matter

CnC
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Joined: Thu May 11, 2017 12:41 pm

Re: So bottom is probably behind us....right?

Post by CnC » Wed Mar 25, 2020 11:34 am

vipertom1970 wrote:
Wed Mar 25, 2020 11:30 am
CnC wrote:
Wed Mar 25, 2020 8:48 am


I think that it is really really foolish to think the bottom is behind us when things haven't even gotten bad yet.


The curve is still sloping up, we won't be at the bottom until we see it leveling off at the least because deaths will increase x4 after new cases level off.

To think it's all over because of one single piece of good news seems foolish.
go ahead and short the market then.
:oops:

There is a difference in being sure the market will drop some more and knowing when and how much.

Replies like this are just sour grapes.

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cheese_breath
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Joined: Wed Sep 14, 2011 7:08 pm

Re: So bottom is probably behind us....right?

Post by cheese_breath » Wed Mar 25, 2020 11:34 am

"I know nothing, nothing!"... Sergeant Schultz

And neither does anybody else.
The surest way to know the future is when it becomes the past.

ImUrHuckleberry
Posts: 414
Joined: Sat Apr 15, 2017 7:44 am

Re: So bottom is probably behind us....right?

Post by ImUrHuckleberry » Wed Mar 25, 2020 11:38 am

I would be shocked if we've hit the bottom. But I would not be shocked to end up being wrong in the end. But I'm planning and expecting that the bottom will be much lower.

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