U.S. stocks in free fall

Discuss all general (i.e. non-personal) investing questions and issues, investing news, and theory.
newyorker
Posts: 171
Joined: Sun May 17, 2020 7:59 am

Re: U.S. stocks in free fall

Post by newyorker »

Not looking great for tomorrow.
ImUrHuckleberry
Posts: 491
Joined: Sat Apr 15, 2017 7:44 am

Re: U.S. stocks in free fall

Post by ImUrHuckleberry »

Am I missing something? Futures look flat to me right now.
jarjarM
Posts: 276
Joined: Mon Jul 16, 2018 1:21 pm

Re: U.S. stocks in free fall

Post by jarjarM »

SP500 future is within +/- 2pts.
drk
Posts: 1924
Joined: Mon Jul 24, 2017 10:33 pm
Location: Seattle

Re: U.S. stocks in free fall

Post by drk »

ImUrHuckleberry wrote: Wed Sep 09, 2020 7:53 pm Am I missing something? Futures look flat to me right now.
You forgot to don your bear blinkers.
lostdog
Posts: 3167
Joined: Thu Feb 04, 2016 2:15 pm

Re: U.S. stocks in free fall

Post by lostdog »

Looks like a free fall today. Hold on.
User avatar
Stinky
Posts: 5507
Joined: Mon Jun 12, 2017 11:38 am
Location: Sweet Home Alabama

Re: U.S. stocks in free fall

Post by Stinky »

lostdog wrote: Thu Sep 10, 2020 3:44 am Looks like a free fall today. Hold on.
Futures are down just 0.50% or so at this hour.

After the swings of the last few days, a 0.50% change will seem positively placid. :D
It's a GREAT day to be alive - Travis Tritt
occambogle
Posts: 526
Joined: Thu Dec 12, 2019 4:58 am

Re: U.S. stocks in free fall

Post by occambogle »

lostdog wrote: Thu Sep 10, 2020 3:44 am Looks like a free fall today. Hold on.
Nasdaq, S&P, Dow just turned a very, very pale shade of green... you're in the wrong thread, it's umm, soaring.....
sailaway
Posts: 2223
Joined: Fri May 12, 2017 1:11 pm

Re: U.S. stocks in free fall

Post by sailaway »

Wheeeee!
User avatar
Stinky
Posts: 5507
Joined: Mon Jun 12, 2017 11:38 am
Location: Sweet Home Alabama

Re: U.S. stocks in free fall

Post by Stinky »

sailaway wrote: Thu Sep 10, 2020 9:59 amWheeeee!
Free falling is officially suspended for today. :moneybag
It's a GREAT day to be alive - Travis Tritt
Tamalak
Posts: 662
Joined: Fri May 06, 2016 2:29 pm

Re: U.S. stocks in free fall

Post by Tamalak »

Is it me or do premarket traders tend to be crybabies? I see much more often premarket - and actual market + than the other way around. A notable example is the last US presidential election.. premarket 5% down, actual market 5% up.
User avatar
jason2459
Posts: 612
Joined: Wed May 06, 2020 7:59 pm

Re: U.S. stocks in free fall

Post by jason2459 »

Stinky wrote: Thu Sep 10, 2020 10:46 am
sailaway wrote: Thu Sep 10, 2020 9:59 amWheeeee!
Free falling is officially suspended for today. :moneybag
Your money bag there has a hole in it. It's all coming back out again.
Robot Monster
Posts: 1522
Joined: Sun May 05, 2019 11:23 am
Location: New York

Re: U.S. stocks in free fall

Post by Robot Monster »

jason2459 wrote: Thu Sep 10, 2020 11:47 am
Stinky wrote: Thu Sep 10, 2020 10:46 am
sailaway wrote: Thu Sep 10, 2020 9:59 amWheeeee!
Free falling is officially suspended for today. :moneybag
Your money bag there has a hole in it. It's all coming back out again.
Mid-day slump before the l8 afternoon melt-up. Soar, US stocks! :beer
"Happiness comes from being connected in the right ways to: other people, your work, something larger than yourself."
newyorker
Posts: 171
Joined: Sun May 17, 2020 7:59 am

Re: U.S. stocks in free fall

Post by newyorker »

Today is a free fall day. I assume tomorrow will be as well but my predictions are only half right.
teerup
Posts: 40
Joined: Fri Dec 21, 2018 9:00 pm
Location: MN

Re: U.S. stocks in free fall

Post by teerup »

I'm getting whiplash watching VTI go up & down.
Ryzen
Posts: 63
Joined: Tue Jul 07, 2020 9:00 pm

Re: U.S. stocks in free fall

Post by Ryzen »

Tamalak wrote: Thu Sep 10, 2020 11:46 am Is it me or do premarket traders tend to be crybabies? I see much more often premarket - and actual market + than the other way around. A notable example is the last US presidential election.. premarket 5% down, actual market 5% up.
Liquidity. Pre-market has little.
Robot Monster
Posts: 1522
Joined: Sun May 05, 2019 11:23 am
Location: New York

Re: U.S. stocks in free fall

Post by Robot Monster »

Oh, my beautiful stonks! What has happened to thee?
"Happiness comes from being connected in the right ways to: other people, your work, something larger than yourself."
User avatar
jason2459
Posts: 612
Joined: Wed May 06, 2020 7:59 pm

Re: U.S. stocks in free fall

Post by jason2459 »

Robot Monster wrote: Thu Sep 10, 2020 11:49 am
jason2459 wrote: Thu Sep 10, 2020 11:47 am
Stinky wrote: Thu Sep 10, 2020 10:46 am
sailaway wrote: Thu Sep 10, 2020 9:59 amWheeeee!
Free falling is officially suspended for today. :moneybag
Your money bag there has a hole in it. It's all coming back out again.
Mid-day slump before the l8 afternoon melt-up. Soar, US stocks! :beer
You lied to me!
Robot Monster
Posts: 1522
Joined: Sun May 05, 2019 11:23 am
Location: New York

Re: U.S. stocks in free fall

Post by Robot Monster »

jason2459 wrote: Thu Sep 10, 2020 2:33 pm
Robot Monster wrote: Thu Sep 10, 2020 11:49 am
jason2459 wrote: Thu Sep 10, 2020 11:47 am
Stinky wrote: Thu Sep 10, 2020 10:46 am
sailaway wrote: Thu Sep 10, 2020 9:59 amWheeeee!
Free falling is officially suspended for today. :moneybag
Your money bag there has a hole in it. It's all coming back out again.
Mid-day slump before the l8 afternoon melt-up. Soar, US stocks! :beer
You lied to me!
The flowers are still standing!
"Happiness comes from being connected in the right ways to: other people, your work, something larger than yourself."
H-Town
Posts: 2868
Joined: Sun Feb 26, 2017 2:08 pm

Re: U.S. stocks in free fall

Post by H-Town »

rockstar wrote: Wed Sep 09, 2020 6:34 pm
H-Town wrote: Tue Sep 08, 2020 10:08 am
rockstar wrote: Fri Sep 04, 2020 6:06 pm Not a a fan of the last two days. But I expected a pull back way before now. It's feels like we had two pull backs combined for this one.

And all of the great economic news didn't help the long end of the bond market either.
It gonna get worse. Way worse. Way way worse.

:beer that free fall thread is back and well.
Why is it going to get worse?
You asked the wrong question. It's not about "why". It's all about... "It's happening".
ImUrHuckleberry
Posts: 491
Joined: Sat Apr 15, 2017 7:44 am

Re: U.S. stocks in free fall

Post by ImUrHuckleberry »

H-Town wrote: Thu Sep 10, 2020 3:05 pm
rockstar wrote: Wed Sep 09, 2020 6:34 pm
H-Town wrote: Tue Sep 08, 2020 10:08 am
rockstar wrote: Fri Sep 04, 2020 6:06 pm Not a a fan of the last two days. But I expected a pull back way before now. It's feels like we had two pull backs combined for this one.

And all of the great economic news didn't help the long end of the bond market either.
It gonna get worse. Way worse. Way way worse.

:beer that free fall thread is back and well.
Why is it going to get worse?
You asked the wrong question. It's not about "why". It's all about... "It's happening".
Yes, it's so bad that we're all the way back to where we were... on Tuesday evening.
User avatar
Doom&Gloom
Posts: 3576
Joined: Thu May 08, 2014 3:36 pm

Re: U.S. stocks in free fall

Post by Doom&Gloom »

ImUrHuckleberry wrote: Thu Sep 10, 2020 3:21 pm
H-Town wrote: Thu Sep 10, 2020 3:05 pm
rockstar wrote: Wed Sep 09, 2020 6:34 pm
H-Town wrote: Tue Sep 08, 2020 10:08 am
rockstar wrote: Fri Sep 04, 2020 6:06 pm Not a a fan of the last two days. But I expected a pull back way before now. It's feels like we had two pull backs combined for this one.

And all of the great economic news didn't help the long end of the bond market either.
It gonna get worse. Way worse. Way way worse.

:beer that free fall thread is back and well.
Why is it going to get worse?
You asked the wrong question. It's not about "why". It's all about... "It's happening".
Yes, it's so bad that we're all the way back to where we were... on Tuesday evening.
Oh, dear! Is it too late to sell everything?
minimalistmarc
Posts: 1051
Joined: Fri Jul 24, 2015 4:38 pm

Re: U.S. stocks in free fall

Post by minimalistmarc »

Bit of a snooze fest. Today’s drop is just due to currency swings. My VWRL in pounds was up 1.36% so it will be down a little tomorrow.

I miss the 10% swing swing days we had in March.
Tamalak
Posts: 662
Joined: Fri May 06, 2016 2:29 pm

Re: U.S. stocks in free fall

Post by Tamalak »

minimalistmarc wrote: Thu Sep 10, 2020 3:29 pm Bit of a snooze fest. Today’s drop is just due to currency swings. My VWRL in pounds was up 1.36% so it will be down a little tomorrow.

I miss the 10% swing swing days we had in March.
Both domestic and international are down. How can this be currency?
Robot Monster
Posts: 1522
Joined: Sun May 05, 2019 11:23 am
Location: New York

Re: U.S. stocks in free fall

Post by Robot Monster »

minimalistmarc wrote: Thu Sep 10, 2020 3:29 pm I miss the 10% swing swing days we had in March.
I know, right? Hardly any blood on the streets at all. A puddle here and there. A cry somewhere in the distance, a moan somewhere in the shadows. Nothing like the World War Z panicked masses of March that swarmed our once sleepy little village, and that would have continued had it not been for meddling Jay Powell, Scooby Doo, and his Fed superfriends.
"Happiness comes from being connected in the right ways to: other people, your work, something larger than yourself."
rockstar
Posts: 703
Joined: Mon Feb 03, 2020 6:51 pm

Re: U.S. stocks in free fall

Post by rockstar »

H-Town wrote: Thu Sep 10, 2020 3:05 pm
rockstar wrote: Wed Sep 09, 2020 6:34 pm
H-Town wrote: Tue Sep 08, 2020 10:08 am
rockstar wrote: Fri Sep 04, 2020 6:06 pm Not a a fan of the last two days. But I expected a pull back way before now. It's feels like we had two pull backs combined for this one.

And all of the great economic news didn't help the long end of the bond market either.
It gonna get worse. Way worse. Way way worse.

:beer that free fall thread is back and well.
Why is it going to get worse?
You asked the wrong question. It's not about "why". It's all about... "It's happening".
I'm staying the course.
User avatar
AerialWombat
Posts: 1761
Joined: Tue May 29, 2018 1:07 pm
Location: Cash Canyon / Cashville

Re: U.S. stocks in free fall

Post by AerialWombat »

I'm finally pouring the sugar drink into my face hole. In the past 48 hours, I've purchased $30,000 of VTSAX. This is part of a rebalancing effort, to get back to my 30/70 target AA (been 15/85 for a few months).

Regardless of my current financial situation, this is, psychologically, a tremendous amount of money to me. Almost a full year of living expenses.

I'm hyperventilating.

One could argue that I should excited about buying into the equities world at a discount. Or not.

Follow IPS. Follow IPS. Follow IPS. Follow IPS. Follow IPS. :shock: :shock: :shock: :shock: :shock: :shock:
000
Posts: 2680
Joined: Thu Jul 23, 2020 12:04 am

Re: U.S. stocks in free fall

Post by 000 »

AerialWombat wrote: Thu Sep 10, 2020 4:48 pm One could argue that I should excited about buying into the equities world at a discount. Or not.
I haven't seen discounts like these since the first week of August!
Robot Monster
Posts: 1522
Joined: Sun May 05, 2019 11:23 am
Location: New York

Re: U.S. stocks in free fall

Post by Robot Monster »

AerialWombat wrote: Thu Sep 10, 2020 4:48 pm I'm finally pouring the sugar drink into my face hole. In the past 48 hours, I've purchased $30,000 of VTSAX. This is part of a rebalancing effort, to get back to my 30/70 target AA (been 15/85 for a few months).

Regardless of my current financial situation, this is, psychologically, a tremendous amount of money to me. Almost a full year of living expenses.

I'm hyperventilating.

One could argue that I should excited about buying into the equities world at a discount. Or not.

Follow IPS. Follow IPS. Follow IPS. Follow IPS. Follow IPS. :shock: :shock: :shock: :shock: :shock: :shock:
Yikes. Wish I had some words of wisdom to calm your jitters. All I can recommend is you take a nice, long, hot bath, and listen to some Kenny G.
"Happiness comes from being connected in the right ways to: other people, your work, something larger than yourself."
User avatar
AerialWombat
Posts: 1761
Joined: Tue May 29, 2018 1:07 pm
Location: Cash Canyon / Cashville

Re: U.S. stocks in free fall

Post by AerialWombat »

000 wrote: Thu Sep 10, 2020 4:54 pm
AerialWombat wrote: Thu Sep 10, 2020 4:48 pm One could argue that I should excited about buying into the equities world at a discount. Or not.
I haven't seen discounts like these since the first week of August!
August?!?!?!? No, no, no, no, no. Volatility bad. Volatility bad. Volatility bad.

Breathe. In. Out. In. Out. Up. Down. Aaaaaaaaargh!

Awwwwwww, there is is. Just IV that booze. Yes, moocha gooda. :sharebeer
User avatar
AerialWombat
Posts: 1761
Joined: Tue May 29, 2018 1:07 pm
Location: Cash Canyon / Cashville

Re: U.S. stocks in free fall

Post by AerialWombat »

Robot Monster wrote: Thu Sep 10, 2020 5:31 pm Yikes. Wish I had some words of wisdom to calm your jitters. All I can recommend is you take a nice, long, hot bath, and listen to some Kenny G.
All the investing world needs is more Scotch and more Selena Gomez.

Wait... Is Pandora publicly traded? Is it part of VTSAX? Am I financially supporting my own consumer services?

Phew... Yes. Yes it is. :)
User avatar
Doom&Gloom
Posts: 3576
Joined: Thu May 08, 2014 3:36 pm

Re: U.S. stocks in free fall

Post by Doom&Gloom »

000 wrote: Thu Sep 10, 2020 4:54 pm
AerialWombat wrote: Thu Sep 10, 2020 4:48 pm One could argue that I should excited about buying into the equities world at a discount. Or not.
I haven't seen discounts like these since the first week of August!
That was a horror story that we'll be able to tell our grandchildren about!
Robot Monster
Posts: 1522
Joined: Sun May 05, 2019 11:23 am
Location: New York

Re: U.S. stocks in free fall

Post by Robot Monster »

AerialWombat wrote: Thu Sep 10, 2020 5:36 pm
Robot Monster wrote: Thu Sep 10, 2020 5:31 pm Yikes. Wish I had some words of wisdom to calm your jitters. All I can recommend is you take a nice, long, hot bath, and listen to some Kenny G.
All the investing world needs is more Scotch and more Selena Gomez.

Wait... Is Pandora publicly traded? Is it part of VTSAX? Am I financially supporting my own consumer services?

Phew... Yes. Yes it is. :)
We need Boglehead song playlists for both this thread, and the soaring thread. Song #1 for soaring is "Walking on Sunshine" by Katrina and the Waves. Obviously. Selena Gomez can kick off freefall.
"Happiness comes from being connected in the right ways to: other people, your work, something larger than yourself."
User avatar
TheTimeLord
Posts: 8249
Joined: Fri Jul 26, 2013 2:05 pm

Re: U.S. stocks in free fall

Post by TheTimeLord »

I often find this thread like dying of thirst surrounded by an ocean of water.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
H-Town
Posts: 2868
Joined: Sun Feb 26, 2017 2:08 pm

Re: U.S. stocks in free fall

Post by H-Town »

rockstar wrote: Thu Sep 10, 2020 4:31 pm
H-Town wrote: Thu Sep 10, 2020 3:05 pm
rockstar wrote: Wed Sep 09, 2020 6:34 pm
H-Town wrote: Tue Sep 08, 2020 10:08 am
rockstar wrote: Fri Sep 04, 2020 6:06 pm Not a a fan of the last two days. But I expected a pull back way before now. It's feels like we had two pull backs combined for this one.

And all of the great economic news didn't help the long end of the bond market either.
It gonna get worse. Way worse. Way way worse.

:beer that free fall thread is back and well.
Why is it going to get worse?
You asked the wrong question. It's not about "why". It's all about... "It's happening".
I'm staying the course.
We all should stay the course. Automatic investment in both tax advantage and taxable accounts. Set price alert for TLH. Sit back, relax, and enjoy the ride.
User avatar
TheTimeLord
Posts: 8249
Joined: Fri Jul 26, 2013 2:05 pm

Re: U.S. stocks in free fall

Post by TheTimeLord »

H-Town wrote: Thu Sep 10, 2020 11:38 pm
rockstar wrote: Thu Sep 10, 2020 4:31 pm
H-Town wrote: Thu Sep 10, 2020 3:05 pm
rockstar wrote: Wed Sep 09, 2020 6:34 pm
H-Town wrote: Tue Sep 08, 2020 10:08 am

It gonna get worse. Way worse. Way way worse.

:beer that free fall thread is back and well.
Why is it going to get worse?
You asked the wrong question. It's not about "why". It's all about... "It's happening".
I'm staying the course.
We all should stay the course. Automatic investment in both tax advantage and taxable accounts. Set price alert for TLH. Sit back, relax, and enjoy the ride.
Why should we stay the course if you know it is going to get "Way, way worse"?
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
User avatar
Forester
Posts: 1547
Joined: Sat Jan 19, 2019 2:50 pm
Location: UK

Re: U.S. stocks in free fall

Post by Forester »

Whatever happens will surprise both bulls and bears. The bulls couldn't have dreamed of new ATHs so quickly. The bears would be shocked by SPX 1,800 or lower; but that's only a stone's throw from where we were in March of this year.
occambogle
Posts: 526
Joined: Thu Dec 12, 2019 4:58 am

Re: U.S. stocks in free fall

Post by occambogle »

Forester wrote: Fri Sep 11, 2020 4:07 am Whatever happens will surprise both bulls and bears. The bulls couldn't have dreamed of new ATHs so quickly. The bears would be shocked by SPX 1,800 or lower; but that's only a stone's throw from where we were in March of this year.
So you're saying the market could go higher, or lower, or somewhere in between? :sharebeer
Looking somewhat green so far today, I could really do with a green finish to the week.....
Last edited by occambogle on Fri Sep 11, 2020 4:44 am, edited 1 time in total.
User avatar
Stinky
Posts: 5507
Joined: Mon Jun 12, 2017 11:38 am
Location: Sweet Home Alabama

Re: U.S. stocks in free fall

Post by Stinky »

Forester wrote: Fri Sep 11, 2020 4:07 am Whatever happens will surprise both bulls and bears. The bulls couldn't have dreamed of new ATHs so quickly. The bears would be shocked by SPX 1,800 or lower; but that's only a stone's throw from where we were in March of this year.
Huh?

The 52 week low for the S&P was 2191.86. So a decline from there to 1,800 would have been an additional 18% decline from the March lows.

An 18% decline is a pretty long "stone's throw". :confused
It's a GREAT day to be alive - Travis Tritt
marcopolo
Posts: 3466
Joined: Sat Dec 03, 2016 10:22 am

Re: U.S. stocks in free fall

Post by marcopolo »

Stinky wrote: Fri Sep 11, 2020 4:35 am
Forester wrote: Fri Sep 11, 2020 4:07 am Whatever happens will surprise both bulls and bears. The bulls couldn't have dreamed of new ATHs so quickly. The bears would be shocked by SPX 1,800 or lower; but that's only a stone's throw from where we were in March of this year.
Huh?

The 52 week low for the S&P was 2191.86. So a decline from there to 1,800 would have been an additional 18% decline from the March lows.

An 18% decline is a pretty long "stone's throw". :confused
Evidently, Forester is not only suspect at predicting the future, seems to also have some trouble predicting the past...
Once in a while you get shown the light, in the strangest of places if you look at it right.
User avatar
TheTimeLord
Posts: 8249
Joined: Fri Jul 26, 2013 2:05 pm

Re: U.S. stocks in free fall

Post by TheTimeLord »

marcopolo wrote: Fri Sep 11, 2020 4:38 am
Stinky wrote: Fri Sep 11, 2020 4:35 am
Forester wrote: Fri Sep 11, 2020 4:07 am Whatever happens will surprise both bulls and bears. The bulls couldn't have dreamed of new ATHs so quickly. The bears would be shocked by SPX 1,800 or lower; but that's only a stone's throw from where we were in March of this year.
Huh?

The 52 week low for the S&P was 2191.86. So a decline from there to 1,800 would have been an additional 18% decline from the March lows.

An 18% decline is a pretty long "stone's throw". :confused
Evidently, Forester is not only suspect at predicting the future, seems to also have some trouble predicting the past...
+100
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
H-Town
Posts: 2868
Joined: Sun Feb 26, 2017 2:08 pm

Re: U.S. stocks in free fall

Post by H-Town »

TheTimeLord wrote: Thu Sep 10, 2020 11:40 pm
H-Town wrote: Thu Sep 10, 2020 11:38 pm
rockstar wrote: Thu Sep 10, 2020 4:31 pm
H-Town wrote: Thu Sep 10, 2020 3:05 pm
rockstar wrote: Wed Sep 09, 2020 6:34 pm

Why is it going to get worse?
You asked the wrong question. It's not about "why". It's all about... "It's happening".
I'm staying the course.
We all should stay the course. Automatic investment in both tax advantage and taxable accounts. Set price alert for TLH. Sit back, relax, and enjoy the ride.
Why should we stay the course if you know it is going to get "Way, way worse"?
Because if you don't stay the course, you will never get your ship to the promised land. You want to have the right expectation of the sea ahead. You want your ship to be well prepared to weather the storm and rough water.

Does that analogy make sense?

Back to boglehead's investment philosophy and what it means "staying the course":

1) Don't market time because you think you can predict the market, i.e. move in/out all or a majority of stock or bond holdings.

2) Make sure your portfolio can help you withstand the market drop, recession, and job loss. I hope you have been through at least one of the last few crashes (2000s, 2008s, 2020s) to understand what it meant to prepare your financial situation when worst thing happens. Remember Murphy's law: what can happen, will happen.

3) Put your investment on auto-pilot, i.e. auto-invest in your 401k and taxable accounts every paycheck; or auto-withdraw from your portfolio if you retire.

4) Set price alert so that you know when to go in and do your TLH transactions. It takes 5 minutes at most.

5) Have fun with market ups and downs. Don't come here with the expectation that someone can tell you what happen and you can take it to the bank.

Anything you want to add?
bog007
Posts: 102
Joined: Fri Feb 28, 2020 3:27 am

Re: U.S. stocks in free fall

Post by bog007 »

Don't follow the market minute by minute. Weekly at most. Otherwise you will overreact and do something. Do nothing as mr bogle says.
Carl von Clausewitz, ‘The greatest enemy of a good plan is the dream of a perfect plan.’
rockstar
Posts: 703
Joined: Mon Feb 03, 2020 6:51 pm

Re: U.S. stocks in free fall

Post by rockstar »

TheTimeLord wrote: Thu Sep 10, 2020 11:40 pm
H-Town wrote: Thu Sep 10, 2020 11:38 pm
rockstar wrote: Thu Sep 10, 2020 4:31 pm
H-Town wrote: Thu Sep 10, 2020 3:05 pm
rockstar wrote: Wed Sep 09, 2020 6:34 pm

Why is it going to get worse?
You asked the wrong question. It's not about "why". It's all about... "It's happening".
I'm staying the course.
We all should stay the course. Automatic investment in both tax advantage and taxable accounts. Set price alert for TLH. Sit back, relax, and enjoy the ride.
Why should we stay the course if you know it is going to get "Way, way worse"?
Is it really going to get way, way worse? I don't know. My floor remains the 300 day moving average for VOO. I'll sell if we go below it for more than a couple of days. Otherwise, I'm staying the course. Sure, we lost August returns, but we have a really good run up since March.
User avatar
TheTimeLord
Posts: 8249
Joined: Fri Jul 26, 2013 2:05 pm

Re: U.S. stocks in free fall

Post by TheTimeLord »

H-Town wrote: Fri Sep 11, 2020 9:53 am
TheTimeLord wrote: Thu Sep 10, 2020 11:40 pm
H-Town wrote: Thu Sep 10, 2020 11:38 pm
rockstar wrote: Thu Sep 10, 2020 4:31 pm
H-Town wrote: Thu Sep 10, 2020 3:05 pm

You asked the wrong question. It's not about "why". It's all about... "It's happening".
I'm staying the course.
We all should stay the course. Automatic investment in both tax advantage and taxable accounts. Set price alert for TLH. Sit back, relax, and enjoy the ride.
Why should we stay the course if you know it is going to get "Way, way worse"?
Because if you don't stay the course, you will never get your ship to the promised land. You want to have the right expectation of the sea ahead. You want your ship to be well prepared to weather the storm and rough water.

Does that analogy make sense?

Back to boglehead's investment philosophy and what it means "staying the course":

1) Don't market time because you think you can predict the market, i.e. move in/out all or a majority of stock or bond holdings.

2) Make sure your portfolio can help you withstand the market drop, recession, and job loss. I hope you have been through at least one of the last few crashes (2000s, 2008s, 2020s) to understand what it meant to prepare your financial situation when worst thing happens. Remember Murphy's law: what can happen, will happen.

3) Put your investment on auto-pilot, i.e. auto-invest in your 401k and taxable accounts every paycheck; or auto-withdraw from your portfolio if you retire.

4) Set price alert so that you know when to go in and do your TLH transactions. It takes 5 minutes at most.

5) Have fun with market ups and downs. Don't come here with the expectation that someone can tell you what happen and you can take it to the bank.

Anything you want to add?
Yes, that all seems very inconsistent with your post.
H-Town wrote: Tue Sep 08, 2020 10:08 am
rockstar wrote: Fri Sep 04, 2020 6:06 pm Not a a fan of the last two days. But I expected a pull back way before now. It's feels like we had two pull backs combined for this one.

And all of the great economic news didn't help the long end of the bond market either.
It gonna get worse. Way worse. Way way worse.

:beer that free fall thread is back and well.
IMHO, Investing should be about living the life you want, not avoiding the life you fear. | Run, You Clever Boy! [9085]
H-Town
Posts: 2868
Joined: Sun Feb 26, 2017 2:08 pm

Re: U.S. stocks in free fall

Post by H-Town »

rockstar wrote: Fri Sep 11, 2020 10:21 am
TheTimeLord wrote: Thu Sep 10, 2020 11:40 pm
H-Town wrote: Thu Sep 10, 2020 11:38 pm
rockstar wrote: Thu Sep 10, 2020 4:31 pm
H-Town wrote: Thu Sep 10, 2020 3:05 pm

You asked the wrong question. It's not about "why". It's all about... "It's happening".
I'm staying the course.
We all should stay the course. Automatic investment in both tax advantage and taxable accounts. Set price alert for TLH. Sit back, relax, and enjoy the ride.
Why should we stay the course if you know it is going to get "Way, way worse"?
Is it really going to get way, way worse? I don't know. My floor remains the 300 day moving average for VOO. I'll sell if we go below it for more than a couple of days. Otherwise, I'm staying the course. Sure, we lost August returns, but we have a really good run up since March.
If you sell at the bottom (or below 300 MA), it's not "staying the course" strategy that you keep repeating.
H-Town
Posts: 2868
Joined: Sun Feb 26, 2017 2:08 pm

Re: U.S. stocks in free fall

Post by H-Town »

TheTimeLord wrote: Fri Sep 11, 2020 10:25 am

Yes, that all seems very inconsistent with your post.

Why is it inconsistent? Why is it that an observation of the market would manifest my investment philosophy?

I've been investing long enough to see ups and downs. I've been staying the course even since. I see rough water ahead, but it doesn't mean that I turn the ship around. My ship can weather the storm.
rockstar
Posts: 703
Joined: Mon Feb 03, 2020 6:51 pm

Re: U.S. stocks in free fall

Post by rockstar »

H-Town wrote: Fri Sep 11, 2020 10:29 am
rockstar wrote: Fri Sep 11, 2020 10:21 am
TheTimeLord wrote: Thu Sep 10, 2020 11:40 pm
H-Town wrote: Thu Sep 10, 2020 11:38 pm
rockstar wrote: Thu Sep 10, 2020 4:31 pm

I'm staying the course.
We all should stay the course. Automatic investment in both tax advantage and taxable accounts. Set price alert for TLH. Sit back, relax, and enjoy the ride.
Why should we stay the course if you know it is going to get "Way, way worse"?
Is it really going to get way, way worse? I don't know. My floor remains the 300 day moving average for VOO. I'll sell if we go below it for more than a couple of days. Otherwise, I'm staying the course. Sure, we lost August returns, but we have a really good run up since March.
If you sell at the bottom (or below 300 MA), it's not "staying the course" strategy that you keep repeating.
There is a difference in my mind between staying the course and being a lemming going over the cliff. VOO rarely hits the 300 day moving average. It did in March. I sold. Then, I bought back when the PE looked really good. Most of my buy back was between March 26th and March 30th. I didn't catch the very bottom, but I was close. I shifted my cost basis about 10% lower.

What we've seen is August's run up wiped out. It's not the end of the world. These 10pt corrections shouldn't keep you awake at night. A year from now this correction will be behind us.

Stay the course. But don't be a lemming. And don't panic. And definitely don't blink. :)
User avatar
Rowan Oak
Posts: 649
Joined: Mon May 09, 2016 2:11 pm
Location: Yoknapatawpha

Re: U.S. stocks in free fall

Post by Rowan Oak »

TheTimeLord wrote: Thu Sep 10, 2020 10:46 pm I often find this thread like dying of thirst surrounded by an ocean of water.
It's more like drowning and you're all describing the water.
“If you can get good at destroying your own wrong ideas, that is a great gift.” – Charlie Munger
jay22
Posts: 867
Joined: Thu Aug 23, 2012 8:56 am
Location: Sacramento, CA

Re: U.S. stocks in free fall

Post by jay22 »

Man, this has been a bloodbath!
Jags4186
Posts: 5119
Joined: Wed Jun 18, 2014 7:12 pm

Re: U.S. stocks in free fall

Post by Jags4186 »

Fauci just said he does not really anticipate things getting back to normal until late 2021. One wonders how long high flyers can sustain these price levels (or even grow) and how long struggling industries can survive.
Post Reply