U.S. stocks in free fall

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rustymutt
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Re: U.S. stocks in free fall

Post by rustymutt »

thelateinvestor43 wrote: Mon Feb 24, 2020 4:57 pm Making myself popcorn and crackin open an IPA .... this is exciting! :D
Me, am rolling a Fat Tire back and draining it.

:sharebeer
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TheTimeLord
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Re: U.S. stocks in free fall

Post by TheTimeLord »

mptfan wrote: Mon Feb 24, 2020 4:43 pm
X528 wrote: Mon Feb 24, 2020 4:35 pm It's time to back up the truck! I love buying on big dips like this.

I made a big, fat honkin' contribution today.
I am curious...the S&P 500 is now at the same level it was just a bit over 3 weeks ago on January 31, did you back up the truck then?
S&P 500 was 3,230.78 at the close on December 31, 2019, today we closed at 3,225.89 so we are negative for the year.
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Re: U.S. stocks in free fall

Post by madbrain »

TheTimeLord wrote: Mon Feb 24, 2020 5:04 pm S&P 500 was 3,230.78 at the close on December 31, 2019, today we closed at 3,225.89 so we are negative for the year.
Only if you are excluding dividends.
ImUrHuckleberry
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Re: U.S. stocks in free fall

Post by ImUrHuckleberry »

TheTimeLord wrote: Mon Feb 24, 2020 5:04 pm
mptfan wrote: Mon Feb 24, 2020 4:43 pm
X528 wrote: Mon Feb 24, 2020 4:35 pm It's time to back up the truck! I love buying on big dips like this.

I made a big, fat honkin' contribution today.
I am curious...the S&P 500 is now at the same level it was just a bit over 3 weeks ago on January 31, did you back up the truck then?
S&P 500 was 3,230.78 at the close on December 31, 2019, today we closed at 3,225.89 so we are negative for the year.
This years stocks at last years prices!
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CULater
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Re: U.S. stocks in free fall

Post by CULater »

Just in case you were wondering, today's loss of 1031.61 on the DOW was the third largest in history (in points):

Image
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azanon
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Re: U.S. stocks in free fall

Post by azanon »

It only needs to drop another ~ 44.4% to be at approximately average valuations (CAPE 17 considered average (rounded up from 16.7) vs 30.63 as of COB).

So whoever said something about backing up the truck would still be buying higher than historic Black Tuesday. Not counting a year ago or so, you'd have to go back to between 2000-2001 to find prices this high, even after today's drop.

Source: https://www.multpl.com/shiller-pe

Not to make anyone nervous though......
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willthrill81
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Re: U.S. stocks in free fall

Post by willthrill81 »

CULater wrote: Mon Feb 24, 2020 5:08 pm Just in case you were wondering, today's loss of 1031.61 on the DOW was the third largest in history (in points):
In terms of percentages, I doubt that it's even in the top 50.
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ruralavalon
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Re: U.S. stocks in free fall

Post by ruralavalon »

HomerJ wrote: Mon Feb 24, 2020 1:27 pm
willthrill81 wrote: Mon Feb 24, 2020 11:48 am
DB2 wrote: Mon Feb 24, 2020 11:43 am
ruralavalon wrote: Mon Feb 24, 2020 10:45 am
DB2 wrote: Sun Feb 23, 2020 8:20 pm

It's is different this time when you consider the possible election outcome, virus, and late in the business cycle. Perfect storm brewing?
It is always different. Every drop is different from the last drop, every crash is different from the last crash.

I have no idea if this drop is the start of the big crash, or not.
It's always different, but this is different in a much bigger way.
I'm inclined to agree. This is the worst global pandemic in 100 years. No one knows how far reaching its effect will be nor how long a recovery will take.
Those two comments don't go together.

Until we know far reaching the effects or how long a recovery will take, we can't call it "The worst global pandemic in 100 years" yet.

I mean, it may be the worst. But we don't know yet. If it is the worst, stocks will keep going down. If it's not the worst, stocks may come back up.

No one knows.
I am not panicking.

The Spanish flu pandemic in 1918 is estimated to have caused about 20-100 million deaths, but the stock "market really didn't react too badly", and "it only went down 10.9% from peak to trough." Seeking Alpha (4/28/2009), " 1918 Spanish flu and the market".
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Re: U.S. stocks in free fall

Post by thelateinvestor43 »

rustymutt wrote: Mon Feb 24, 2020 5:02 pm
thelateinvestor43 wrote: Mon Feb 24, 2020 4:57 pm Making myself popcorn and crackin open an IPA .... this is exciting! :D
Me, am rolling a Fat Tire back and draining it.

:sharebeer
What a coincidence! Me too! Fat Tire Amber ale! :sharebeer
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ruralavalon
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Re: U.S. stocks in free fall

Post by ruralavalon »

thelateinvestor43 wrote: Mon Feb 24, 2020 5:17 pm
rustymutt wrote: Mon Feb 24, 2020 5:02 pm
thelateinvestor43 wrote: Mon Feb 24, 2020 4:57 pm Making myself popcorn and crackin open an IPA .... this is exciting! :D
Me, am rolling a Fat Tire back and draining it.

:sharebeer
What a coincidence! Me too! Fat Tire Amber ale! :sharebeer
Peets coffee, Cafe Domingo specifically :) .
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ImUrHuckleberry
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Re: U.S. stocks in free fall

Post by ImUrHuckleberry »

thelateinvestor43 wrote: Mon Feb 24, 2020 5:17 pm
rustymutt wrote: Mon Feb 24, 2020 5:02 pm
thelateinvestor43 wrote: Mon Feb 24, 2020 4:57 pm Making myself popcorn and crackin open an IPA .... this is exciting! :D
Me, am rolling a Fat Tire back and draining it.

:sharebeer
What a coincidence! Me too! Fat Tire Amber ale! :sharebeer
Fat Tire is not an IPA!
lostdog
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Re: U.S. stocks in free fall

Post by lostdog »

CNBC shows futures at +1000....
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willthrill81
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Re: U.S. stocks in free fall

Post by willthrill81 »

lostdog wrote: Mon Feb 24, 2020 5:26 pm CNBC shows futures at +1000....
I cannot find that online, but it seems that June, 2020, S&P 500 futures are flat between then and today's close.
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings
mptfan
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Re: U.S. stocks in free fall

Post by mptfan »

TheTimeLord wrote: Mon Feb 24, 2020 5:04 pm
mptfan wrote: Mon Feb 24, 2020 4:43 pm
X528 wrote: Mon Feb 24, 2020 4:35 pm It's time to back up the truck! I love buying on big dips like this.

I made a big, fat honkin' contribution today.
I am curious...the S&P 500 is now at the same level it was just a bit over 3 weeks ago on January 31, did you back up the truck then?
S&P 500 was 3,230.78 at the close on December 31, 2019, today we closed at 3,225.89 so we are negative for the year.
The S&P 500 closed at 3,225.52 on January 31, 2020. That was just over 3 weeks ago.
lostdog
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Re: U.S. stocks in free fall

Post by lostdog »

willthrill81 wrote: Mon Feb 24, 2020 5:31 pm
lostdog wrote: Mon Feb 24, 2020 5:26 pm CNBC shows futures at +1000....
I cannot find that online, but it seems that June, 2020, S&P 500 futures are flat between then and today's close.
They might have a glitch but they show DOW +1013

https://www.cnbc.com/pre-markets/
ImUrHuckleberry
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Re: U.S. stocks in free fall

Post by ImUrHuckleberry »

I saw it, CNN shows +1 and CNBC showed + 1001, at least it did about 5 minutes ago. Typo or something.
pasadena
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Re: U.S. stocks in free fall

Post by pasadena »

lostdog wrote: Mon Feb 24, 2020 5:32 pm
willthrill81 wrote: Mon Feb 24, 2020 5:31 pm
lostdog wrote: Mon Feb 24, 2020 5:26 pm CNBC shows futures at +1000....
I cannot find that online, but it seems that June, 2020, S&P 500 futures are flat between then and today's close.
They might have a glitch but they show DOW +1013

https://www.cnbc.com/pre-markets/
They show +-1,1012 right now. Which is a good way to be neither right nor wrong :D
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CULater
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Re: U.S. stocks in free fall

Post by CULater »

Futures are at -1013. Fat Lady not singing.
Last edited by CULater on Mon Feb 24, 2020 5:37 pm, edited 1 time in total.
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TheTimeLord
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Re: U.S. stocks in free fall

Post by TheTimeLord »

mptfan wrote: Mon Feb 24, 2020 5:31 pm
TheTimeLord wrote: Mon Feb 24, 2020 5:04 pm
mptfan wrote: Mon Feb 24, 2020 4:43 pm
X528 wrote: Mon Feb 24, 2020 4:35 pm It's time to back up the truck! I love buying on big dips like this.

I made a big, fat honkin' contribution today.
I am curious...the S&P 500 is now at the same level it was just a bit over 3 weeks ago on January 31, did you back up the truck then?
S&P 500 was 3,230.78 at the close on December 31, 2019, today we closed at 3,225.89 so we are negative for the year.
The S&P 500 closed at 3,225.52 on January 31, 2020. That was just over 3 weeks ago.
Ok, point is we are back at December 2019 values basically 2 months. December 26th closed at 3,239.91 and December 23rd closed at 3,224.0.
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mptfan
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Re: U.S. stocks in free fall

Post by mptfan »

TheTimeLord wrote: Mon Feb 24, 2020 5:36 pm
mptfan wrote: Mon Feb 24, 2020 5:31 pm
TheTimeLord wrote: Mon Feb 24, 2020 5:04 pm
mptfan wrote: Mon Feb 24, 2020 4:43 pm
X528 wrote: Mon Feb 24, 2020 4:35 pm It's time to back up the truck! I love buying on big dips like this.

I made a big, fat honkin' contribution today.
I am curious...the S&P 500 is now at the same level it was just a bit over 3 weeks ago on January 31, did you back up the truck then?
S&P 500 was 3,230.78 at the close on December 31, 2019, today we closed at 3,225.89 so we are negative for the year.
The S&P 500 closed at 3,225.52 on January 31, 2020. That was just over 3 weeks ago.
Ok, point is we are back at December 2019 values basically 2 months. December 26th closed at 3,239.91 and December 23rd closed at 3,224.0.
No, the point is we are back at January 31, 2020 values, basically 3 weeks.
fresh_boglehead
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Re: U.S. stocks in free fall

Post by fresh_boglehead »

Fairly new to this. I was in the process of maxing out our Roth IRA's and waiting for the funds to become available in the Traditional to convert (backdoor). If I place the order tonight, am I buying at today's closing price or tomorrow's opening price if it rebounds?
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willthrill81
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Re: U.S. stocks in free fall

Post by willthrill81 »

fresh_boglehead wrote: Mon Feb 24, 2020 5:40 pm Fairly new to this. I was in the process of maxing out our Roth IRA's and waiting for the funds to become available in the Traditional to convert (backdoor). If I place the order tonight, am I buying at today's closing price or tomorrow's opening price if it rebounds?
You will buy at tomorrow's price. Today's closing price is in the books, and no one is obligated to sell at it tomorrow.
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings
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TheTimeLord
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Re: U.S. stocks in free fall

Post by TheTimeLord »

mptfan wrote: Mon Feb 24, 2020 5:40 pm
TheTimeLord wrote: Mon Feb 24, 2020 5:36 pm
mptfan wrote: Mon Feb 24, 2020 5:31 pm
TheTimeLord wrote: Mon Feb 24, 2020 5:04 pm
mptfan wrote: Mon Feb 24, 2020 4:43 pm
I am curious...the S&P 500 is now at the same level it was just a bit over 3 weeks ago on January 31, did you back up the truck then?
S&P 500 was 3,230.78 at the close on December 31, 2019, today we closed at 3,225.89 so we are negative for the year.
The S&P 500 closed at 3,225.52 on January 31, 2020. That was just over 3 weeks ago.
Ok, point is we are back at December 2019 values basically 2 months. December 26th closed at 3,239.91 and December 23rd closed at 3,224.0.
No, the point is we are back at January 31, 2020 values, basically 3 weeks.
I see no value in ignoring the fact we are lower today than we were in December, but if somehow that makes you feel better great.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
fresh_boglehead
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Re: U.S. stocks in free fall

Post by fresh_boglehead »

willthrill81 wrote: Mon Feb 24, 2020 5:42 pm
fresh_boglehead wrote: Mon Feb 24, 2020 5:40 pm Fairly new to this. I was in the process of maxing out our Roth IRA's and waiting for the funds to become available in the Traditional to convert (backdoor). If I place the order tonight, am I buying at today's closing price or tomorrow's opening price if it rebounds?
You will buy at tomorrow's price. Today's closing price is in the books, and no one is obligated to sell at it tomorrow.
Thanks but does it open right at today's closing price and then fluctuate up or down? In other words, if I place the order tonight, doesn't vanguard process it right at the market open tomorrow?
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corn18
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Re: U.S. stocks in free fall

Post by corn18 »

CULater wrote: Mon Feb 24, 2020 5:08 pm Just in case you were wondering, today's loss of 1031.61 on the DOW was the third largest in history (in points):

Image
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H-Town
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Re: U.S. stocks in free fall

Post by H-Town »

fresh_boglehead wrote: Mon Feb 24, 2020 5:40 pm ...if it rebounds?
Big if there.
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willthrill81
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Re: U.S. stocks in free fall

Post by willthrill81 »

fresh_boglehead wrote: Mon Feb 24, 2020 5:47 pm
willthrill81 wrote: Mon Feb 24, 2020 5:42 pm
fresh_boglehead wrote: Mon Feb 24, 2020 5:40 pm Fairly new to this. I was in the process of maxing out our Roth IRA's and waiting for the funds to become available in the Traditional to convert (backdoor). If I place the order tonight, am I buying at today's closing price or tomorrow's opening price if it rebounds?
You will buy at tomorrow's price. Today's closing price is in the books, and no one is obligated to sell at it tomorrow.
Thanks but does it open right at today's closing price and then fluctuate up or down? In other words, if I place the order tonight, doesn't vanguard process it right at the market open tomorrow?
No, the market does not open at today's closing price. You can easily verify this by comparing the opening price today to Friday's closing price.
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings
nydoc
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Re: U.S. stocks in free fall

Post by nydoc »

Glad to see so many market timers. That means passive stay the course investment will keep its edge for now. I pray for more and more market timing by others. Amen.
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rule low
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Re: U.S. stocks in free fall

Post by rule low »

fresh_boglehead wrote: Mon Feb 24, 2020 5:40 pm Fairly new to this. I was in the process of maxing out our Roth IRA's and waiting for the funds to become available in the Traditional to convert (backdoor). If I place the order tonight, am I buying at today's closing price or tomorrow's opening price if it rebounds?
It depends on what type of asset you're buying, I believe. Mutual funds aren't priced until after the market closes but if you put your order in today after the close, your price will be whatever is calculated tomorrow (after the market closes tomorrow).
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corn18
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Re: U.S. stocks in free fall

Post by corn18 »

nydoc wrote: Mon Feb 24, 2020 5:51 pm Glad to see so many market timers. That means passive stay the course investment will keep its edge for now. I pray for more and more market timing by others. Amen.
Even stupid price discovery is good for us passive indexers.
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CULater
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Re: U.S. stocks in free fall

Post by CULater »

Low Vol was only down by 2% today. Cash was down 0%.
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H-Town
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Re: U.S. stocks in free fall

Post by H-Town »

Folks,

Today was the day: the start of something big, something meaningful. We have predicted today would come, but we didn't know exactly which date. Now we know.

Tighten up your purse string. Forego your discretionary expenses. Delay your new car purchases. Do what you got to do. Buy, buy, and buy. :mrgreen: :mrgreen: :mrgreen:
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Re: U.S. stocks in free fall

Post by Tdubs »

ruralavalon wrote: Mon Feb 24, 2020 5:11 pm
HomerJ wrote: Mon Feb 24, 2020 1:27 pm
willthrill81 wrote: Mon Feb 24, 2020 11:48 am
DB2 wrote: Mon Feb 24, 2020 11:43 am
ruralavalon wrote: Mon Feb 24, 2020 10:45 am
It is always different. Every drop is different from the last drop, every crash is different from the last crash.

I have no idea if this drop is the start of the big crash, or not.
It's always different, but this is different in a much bigger way.
I'm inclined to agree. This is the worst global pandemic in 100 years. No one knows how far reaching its effect will be nor how long a recovery will take.
Those two comments don't go together.

Until we know far reaching the effects or how long a recovery will take, we can't call it "The worst global pandemic in 100 years" yet.

I mean, it may be the worst. But we don't know yet. If it is the worst, stocks will keep going down. If it's not the worst, stocks may come back up.

No one knows.
I am not panicking.

The Spanish flu pandemic in 1918 is estimated to have caused about 20-100 million deaths, but the stock "market really didn't react too badly", and "it only went down 10.9% from peak to trough." Seeking Alpha (4/28/2009), " 1918 Spanish flu and the market".
I just don't find the 1918 comparisons of much value. It was a very different society (more than half of the population was rural) with limited public understanding or concern for the health risks from disease, social habits, or pollution. Public activities were banned in large cities, but there was little expectation of the kind of drastic government quarantines and business closures that multiple countries have already invoked. Covid-19 isn't going to kill as many as 1918, but society's reaction, and the market's, may be more pronounced.
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Re: U.S. stocks in free fall

Post by UpperNwGuy »

rustymutt wrote: Mon Feb 24, 2020 5:02 pm
thelateinvestor43 wrote: Mon Feb 24, 2020 4:57 pm Making myself popcorn and crackin open an IPA .... this is exciting! :D
Me, am rolling a Fat Tire back and draining it.

:sharebeer
I'm having a martini. Yes, I know it's an old man's drink, but I'm an old man.
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Re: U.S. stocks in free fall

Post by Rosencrantz1 »

CashFlo wrote: Mon Feb 24, 2020 4:49 pm Hold on a sec. Suze Orman is on CNBC right now. I may have to rethink everything... :wink:
Pretty rare for me to outright chuckle at something I read - but, this did :D Thanks!

I'm amazed that she apparently makes a good living with her brand of financial 'guidance'.
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Re: U.S. stocks in free fall

Post by UpperNwGuy »

H-Town wrote: Mon Feb 24, 2020 5:55 pm Folks,

Today was the day: the start of something big, something meaningful. We have predicted today would come, but we didn't know exactly which date. Now we know.

Tighten up your purse string. Forego your discretionary expenses. Delay your new car purchases. Do what you got to do. Buy, buy, and buy. :mrgreen: :mrgreen: :mrgreen:
I'll be buying on March 1 as I do every month. Until then I'll just sit back and watch the show.
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Re: U.S. stocks in free fall

Post by MortgageOnBlack »

fresh_boglehead wrote: Mon Feb 24, 2020 5:47 pm
willthrill81 wrote: Mon Feb 24, 2020 5:42 pm
fresh_boglehead wrote: Mon Feb 24, 2020 5:40 pm Fairly new to this. I was in the process of maxing out our Roth IRA's and waiting for the funds to become available in the Traditional to convert (backdoor). If I place the order tonight, am I buying at today's closing price or tomorrow's opening price if it rebounds?
You will buy at tomorrow's price. Today's closing price is in the books, and no one is obligated to sell at it tomorrow.
Thanks but does it open right at today's closing price and then fluctuate up or down? In other words, if I place the order tonight, doesn't vanguard process it right at the market open tomorrow?
If you're not buying ETFs, if you place the order before 4:00pm EST you get that closing price. If you placed the order after 4:00pm EST, you will get the next day's closing price.
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Re: U.S. stocks in free fall

Post by thelateinvestor43 »

I got $3400 sitting in cash in my taxable and $1300 in Roth. Should I buy now or wait till the market gets down to -50%? ....
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Re: U.S. stocks in free fall

Post by willthrill81 »

Tdubs wrote: Mon Feb 24, 2020 5:56 pm I just don't find the 1918 comparisons of much value. It was a very different society (more than half of the population was rural) with limited public understanding or concern for the health risks from disease, social habits, or pollution. Public activities were banned in large cities, but there was little expectation of the kind of drastic government quarantines and business closures that multiple countries have already invoked. Covid-19 isn't going to kill as many as 1918, but society's reaction, and the market's, may be more pronounced.
Good analysis.

In some ways, we're better off today (e.g. we understand these illnesses better). In other ways, we are worse off (e.g. greater proportion of the population living in cities).
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings
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Re: U.S. stocks in free fall

Post by willthrill81 »

thelateinvestor43 wrote: Mon Feb 24, 2020 6:12 pm I got $3400 sitting in cash in my taxable and $1300 in Roth. Should I buy now or wait till the market gets down to -50%? ....
How do you know that it will go down that much? Today's movement is barely a 'drop' in the bucket (pun intended). :wink:
“It's a dangerous business, Frodo, going out your door. You step onto the road, and if you don't keep your feet, there's no knowing where you might be swept off to.” J.R.R. Tolkien,The Lord of the Rings
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Re: U.S. stocks in free fall

Post by oldzey »

retiringwhen wrote: Mon Feb 24, 2020 4:14 pm
oldzey wrote: Mon Feb 24, 2020 4:02 pm A bona fide Livesoft RBD™
Sorry, but it was a Monday.
Mondays count: viewtopic.php?t=261030#p4158593
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Re: U.S. stocks in free fall

Post by prudent »

thelateinvestor43 wrote: Mon Feb 24, 2020 6:12 pm I got $3400 sitting in cash in my taxable and $1300 in Roth. Should I buy now or wait till the market gets down to -50%? ....
I urge you to develop an Investment Policy Statement (IPS). Your posts seem to indicate a temptation to react to day-to-day market news and swings. Quoting from the IPS wiki "A properly constructed Investment Policy Statement provides support for following a well-conceived, long-term investment discipline, rather than one that is based on false overconfidence or panic in reaction to short-term market fluctuations."

None of us knows what the market will do. Remember, for those who desire to gain by jumping in and out due to market swings, they have to be right twice - when to get out, AND when to get back in.
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Re: U.S. stocks in free fall

Post by squirm »

Tdubs wrote: Mon Feb 24, 2020 5:56 pm
ruralavalon wrote: Mon Feb 24, 2020 5:11 pm
HomerJ wrote: Mon Feb 24, 2020 1:27 pm
willthrill81 wrote: Mon Feb 24, 2020 11:48 am
DB2 wrote: Mon Feb 24, 2020 11:43 am

It's always different, but this is different in a much bigger way.
I'm inclined to agree. This is the worst global pandemic in 100 years. No one knows how far reaching its effect will be nor how long a recovery will take.
Those two comments don't go together.

Until we know far reaching the effects or how long a recovery will take, we can't call it "The worst global pandemic in 100 years" yet.

I mean, it may be the worst. But we don't know yet. If it is the worst, stocks will keep going down. If it's not the worst, stocks may come back up.

No one knows.
I am not panicking.

The Spanish flu pandemic in 1918 is estimated to have caused about 20-100 million deaths, but the stock "market really didn't react too badly", and "it only went down 10.9% from peak to trough." Seeking Alpha (4/28/2009), " 1918 Spanish flu and the market".
I just don't find the 1918 comparisons of much value. It was a very different society (more than half of the population was rural) with limited public understanding or concern for the health risks from disease, social habits, or pollution. Public activities were banned in large cities, but there was little expectation of the kind of drastic government quarantines and business closures that multiple countries have already invoked. Covid-19 isn't going to kill as many as 1918, but society's reaction, and the market's, may be more pronounced.
Unlike then, everybody has easy access to their portfolio via etrade and whatnot. Also there's all these rules that limit down days, not sure if that's good or bad.
MotoTrojan
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Re: U.S. stocks in free fall

Post by MotoTrojan »

madbrain wrote: Mon Feb 24, 2020 5:05 pm
TheTimeLord wrote: Mon Feb 24, 2020 5:04 pm S&P 500 was 3,230.78 at the close on December 31, 2019, today we closed at 3,225.89 so we are negative for the year.
Only if you are excluding dividends.
There haven’t been any yet...
gvsucavie03
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Re: U.S. stocks in free fall

Post by gvsucavie03 »

Bonds up 0.5% :twisted:
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Stinky
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Re: U.S. stocks in free fall

Post by Stinky »

CashFlo wrote: Mon Feb 24, 2020 4:49 pm Hold on a sec. Suze Orman is on CNBC right now. I may have to rethink everything... :wink:
What did she say?

Inquiring minds want to know.
It's a GREAT day to be alive - Travis Tritt
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J G Bankerton
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Re: U.S. stocks in free fall

Post by J G Bankerton »

thelateinvestor43 wrote: Sun Feb 23, 2020 12:43 am Heck I'm kinda worried about losing 50% of my $20k in equities! Right I know, that's what some of you make in one day right? Oh to be a millionaire!! :shock:
Or lose that in a day. Given enough time anyone can be a millionaire. A million isn't what it used to be. Most will make and spend that in their lifetime. :greedy
lostdog
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Re: U.S. stocks in free fall

Post by lostdog »

TLH tomorrow is so tempting.
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J G Bankerton
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Re: U.S. stocks in free fall

Post by J G Bankerton »

Stinky wrote: Mon Feb 24, 2020 6:31 pm
CashFlo wrote: Mon Feb 24, 2020 4:49 pm Hold on a sec. Suze Orman is on CNBC right now. I may have to rethink everything... :wink:
What did she say?

Inquiring minds want to know.
She said buy my book and get my credit card. Actually I put on Bloomberg TV when she came on.
CurlyDave
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Re: U.S. stocks in free fall

Post by CurlyDave »

nisiprius wrote: Mon Feb 24, 2020 1:08 pm
flyingaway wrote: Mon Feb 24, 2020 1:03 pm Maybe I should actually think about writing my first will.
If the virus becomes pandemic, the first thing to worry about is to stay alive.
The mortality rate has been 2%. I can't bring myself to say "only" 2%. And for flu it's in the ballpark of 5 per 100,000 so this is hundreds of times more deadly than flu, or at least the flu we are used to. 2% is about the same as the mortality rate for flu in 1918. Because of uncertainties about everything 2% that may not be a trustworthy figure. And, of course, that might be 2% with "proper" current medical treatment, and at some point the pandemic might overwhelm medical facilities.

But still... you know, if you're reasonably healthy, this isn't like Ebola. (As far as we know. Yet.)
2% of what?

I don't think we have any idea of how many people got this and had such low level symptoms that they just slept it off. Especially since it is coming from China and the do not seem to have as many high quality hospitals as we do in the US.

China is the main geopolitical rival of the US. We have better overall health care, better sanitation and better public health. Probably time to buy more stocks because I can only see this working to the long term advantage of the US.
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