I've said it once and I'll say it again: the stock market ALWAYS comes back

The payroll tax cut is a great idea but I doubt Trump came up with the idea and will take all the credit for it.

It's really not a great idea.

R2 It's not a great idea because futures were up 600+ points? I'm sorry but I don't understand why you don't think that it's a good idea while futures tell another story.

The problem is while the stock market always comes back, the question is WILL YOU.

If you have stock and the company declares bankruptcy, you're screwed. The company is fine, they simply lose all their debt. But you lose your money. Bankruptcy is a tool that companies have learned to use. And once one company does it, the rest of the companies, which compete with it, are at a disadvantage and they also declare bankruptcy and this is a chain reaction.

It's like saying so what if animals go extinct? This is true, we've had four great extinction events and many, many more minor ones. Life always comes back, but not ALL life forms do.

OP, the stock market coming back is conventional wisdom. The question is when.

Any other bromides, OP?

I found the panicking short seller at R6. Thanks for spreading the fear! I hope it works out for you.

r2 is about r1

The payroll tax cut sure sound good today. However, come April 15, 2021 you still will owe that taxes that were not taken out throughout the year. Surprise!

Sell 40 shares.

This thread aged rather poorly, eh, OP?

[quote] the stock market ALWAYS comes back

Not this time, dear.

I guess you didn't get the memo that we're in the "end times."

There's no coming back from the brink.

The markets always recovers.

It's all about who eats the losses and for how long.

OMG!!! The DOW is tanking again today!!!! CRAZY!!!

U.S. stock futures tumble as Trump's coronavirus response disappoints

We are clearly in something NOBODY has ever been through before. Based on the nature of any pandemic, and with Trump as President, I'd stop with predictions OP.

[quote]Not this time, dear. I guess you didn't get the memo that we're in the "end times." There's no coming back from the brink.

Oh, dear!

[quote]OMG!!! The DOW is tanking again today!!!! CRAZY!!! U.S. stock futures tumble as Trump's coronavirus response disappoints. U.S. stock index futures cratered on Thursday, dropping near to their maximum do...

Oh DEAR!!

[quote]We are clearly in something NOBODY has ever been through before. Based on the nature of any pandemic, and with Trump as President, I'd stop with predictions OP.

OH DEAR!!!!

The economy is on the up and UP, Queen Marys. Proving my prediction. Yes, I said prediction, R15, deal with it. Here's another: the economy WILL NOT collapse. You heard it here first. So buy the dips, dearies. This is a once in a lifetime opportunity!

Oh, and to all my haters, you can kindly suck it.

[quote]If you have stock and the company declares bankruptcy, you're screwed.

Why would someone have stock in only one company?

Isn't it important to diversify?

And I predict that once the first wave of deaths in the United States is announced, the DOW will plummet. Again.

Of course, it will come back, eventually. But then again, if you give a monkey a crayon, eventually he will write the Bible. It's just a matter of time. Unless it really is end of days, and then we're all screwed.

Sure, OP, but when? The attached chart appears to show that the Dow didn’t reach the peak previously reached in 1929, until about 1961, due to the great crash. That’s 32 years! I’m not likely to live that long! Other commentators I’ve heard said it was in the 1970s. I believe in America and our economy, but these things happen.

They say you cannot time the market. I got out near the top, so I’m in an unusually good position. I need that money for my retirement and can’t afford to lose a big chunk of it. It is not my goal to make a killing in the market. My first goal is to keep what I have.

The Dow is now down 20%. I suppose I could throw some money into the market and eventually beat that benchmark. But I think it’s going lower, before it goes higher. A 30% drop is not atypical during panics. Even 40% isn’t beyond imagination. During the 2009 crash, it fell 50%, and we had a credible President and Secretary of the Treasury, then. I’m staying out of the market for now.

I moved to cash last September. I was going to reevaluate in January but decided to stay in cash.

When the market long term bottoms out and we get The Great Bear Market, I am set to make a pretty penny.

OP is a moron and will catch Corvid while his bank account collapses. Just ignore it, it’s a troll.

OP, we already have a thread essentially about this that you can whinge on, at link. Besides, you told us before, so you don’t have to tell us now.

None of this changes the fact that the market is still massively overvalued. It will eventually end in tears. What goes up ALWAYS comes down.

And here it is. Market goes up “as I always said, market always goes up”. Market goes down “I saw this coming and got out”. No one wins all the time. Depends when you get in and when you get out.

Yeah sure it comes back. It took 6 years for the value of my 401K value from the plunge of 2008 to reach back up to the same value, and that is including the contributions I made during that time.

R20 Unfortunately my 401K does not have a cash option.

It most like does R26. Look for something like money market.

I'm sure you've heard this before, OP, but I'll say it again. YOU are a monster.

What a terrible idea, also proof how stupid profiteering like this is

So, any more Pearls of Wisdom to offer up today, OP?

[quote] The economy is on the up and UP, Queen Marys.

This OP really likes to double down on the stupidity.

My salts! Where are my salts!

OP bought tons of hand sanitizer only to find out he can't sell it.

R30 I will when the stocks go up again, as they do. Cunt!

R31 is one of those people PRAYING for a recession to oust Drumpf, starving children be damned!!

Your salts are right here on my shaft, R32. Wanna sniff?

And now you won't get any, R33. I might trade a douche with you, your smelly cunt needs it so badly!

Buy the dips NOW, bitches. It will be soaring soon. You can pay me interest for my pearls later.

Check out 1966 to 1982. Took 16 years that time. This might be much worse.

So yes, OP, the stock market always comes back -- but history doesn't always repeat itself, and although it might come back in, say, 5 years, it also might not come back for 30 years.

Some of us won't be around in 30 years.

Given Covid 19, and age of some people on DL, a few of us won't be around in 30 days.

OP is Wile E. Coyote, midway falling down a cliff.

R35 Based on my own valuations, I don't think that the economy will crash anytime soon, BUT people panicking and shortselling is might create the perfect storm. Do your due diligence, I'm not a licensed financial advisor, yada yada yada, but all I see is panic backed into a corner.

No R36 that's just your stock after selling before the bull.

[quote] [R31] is one of those people PRAYING for a recession to oust Drumpf, starving children be damned!!

No, but if Trump does get ousted because of the collapsing economy, at least there will be an upside to it.

OP earlier today:

Yeah OP deserves to be mocked. It’s people like him saying stuff like this that encouraged people to stay in the market and lose 25% of their retirement savings. Yeah, it may come back at some point - but it was still stupid to stay in the market in January. Acknowledge the market is inherently risky and that there is a real possibility of losing your money.

Well this thread didn't age well.

That’s amazing, OP! Nobody has ever said that before.

So wise.