OT Dow Jones Down

Discussion in 'Blazers OT Forum' started by Lanny, Mar 9, 2020.

  1. kjironman1

    kjironman1 Well-Known Member

    Joined:
    May 16, 2014
    Messages:
    21,467
    Likes Received:
    22,165
    Trophy Points:
    113
    You don't lose until you sell.
    Mine are down but i was actually lucky. I moved back in late Jan. Went safe. This will pass.
     
  2. Orion Bailey

    Orion Bailey Forum Troll

    Joined:
    Jan 27, 2015
    Messages:
    26,285
    Likes Received:
    21,507
    Trophy Points:
    113
    Should, being the key word.
     
    kjironman1 likes this.
  3. yankeesince59

    yankeesince59 "Oh Captain, my Captain".

    Joined:
    Jul 7, 2013
    Messages:
    30,827
    Likes Received:
    13,807
    Trophy Points:
    113
    $1.90 in Ga.
     
  4. kjironman1

    kjironman1 Well-Known Member

    Joined:
    May 16, 2014
    Messages:
    21,467
    Likes Received:
    22,165
    Trophy Points:
    113
    Nice!
    What was it a month ago?
     
  5. yankeesince59

    yankeesince59 "Oh Captain, my Captain".

    Joined:
    Jul 7, 2013
    Messages:
    30,827
    Likes Received:
    13,807
    Trophy Points:
    113

    Probably about $0.75 more.
     
  6. yankeesince59

    yankeesince59 "Oh Captain, my Captain".

    Joined:
    Jul 7, 2013
    Messages:
    30,827
    Likes Received:
    13,807
    Trophy Points:
    113
    -3053 points right now...never seen that number before.
     
  7. donkiez

    donkiez Well-Known Member

    Joined:
    Jan 17, 2009
    Messages:
    4,235
    Likes Received:
    3,260
    Trophy Points:
    113
    wow big numbers today. I expect another dead cat bounce tomorrow then more free falling for the rest of the week. I originally thought the bottom would be around 19k, but now I am picking 15k as there is no end in sight to this virus and 2 weeks to a month before we see life normalize out for us again.
     
    EL PRESIDENTE likes this.
  8. Orion Bailey

    Orion Bailey Forum Troll

    Joined:
    Jan 27, 2015
    Messages:
    26,285
    Likes Received:
    21,507
    Trophy Points:
    113
    At best.
     
  9. PtldPlatypus

    PtldPlatypus Let's go Baby Blazers! Staff Member Global Moderator Moderator

    Joined:
    Nov 10, 2008
    Messages:
    34,275
    Likes Received:
    43,615
    Trophy Points:
    113
    My 401K's down about 7K.
     
  10. Chris Craig

    Chris Craig (Blazersland) I'm Your Huckleberry Staff Member Global Moderator Moderator

    Joined:
    Jun 25, 2015
    Messages:
    58,576
    Likes Received:
    58,885
    Trophy Points:
    113
    Sorry man. Hopefully it bounces back
     
  11. donkiez

    donkiez Well-Known Member

    Joined:
    Jan 17, 2009
    Messages:
    4,235
    Likes Received:
    3,260
    Trophy Points:
    113
    It will, might be a few years though. Its going to get worse before it gets better though. Question is when to start buying.
     
    Orion Bailey likes this.
  12. kjironman1

    kjironman1 Well-Known Member

    Joined:
    May 16, 2014
    Messages:
    21,467
    Likes Received:
    22,165
    Trophy Points:
    113
    So you are telling me Georgia has dropped it's gas prices 75 cents but the national average has gone down only 17 cents?
    https://gasprices.aaa.com/
    I'm having a hard time with that number?
     
  13. kjironman1

    kjironman1 Well-Known Member

    Joined:
    May 16, 2014
    Messages:
    21,467
    Likes Received:
    22,165
    Trophy Points:
    113
    Buy at 17,500
     
  14. Shaboid

    Shaboid Well-Known Member

    Joined:
    Apr 30, 2014
    Messages:
    10,022
    Likes Received:
    13,150
    Trophy Points:
    113
    Florida has dropped about 60 cents in the past 6 months. It's sitting right about $2.05 currently.
     
  15. donkiez

    donkiez Well-Known Member

    Joined:
    Jan 17, 2009
    Messages:
    4,235
    Likes Received:
    3,260
    Trophy Points:
    113
    That seems like a good number to me, as long as we dont get there by tomorrow.

    Next question is what to buy? I think Amazon looks pretty good, Kroger might be a buy right now.
     
  16. yankeesince59

    yankeesince59 "Oh Captain, my Captain".

    Joined:
    Jul 7, 2013
    Messages:
    30,827
    Likes Received:
    13,807
    Trophy Points:
    113
    Well, I don't know what to tell you...I know what I paid for gas Saturday and I know what I paid about a month ago.

    Gas prices also fluctuate a good bit in different areas of different states.
     
  17. barfo

    barfo triggered obsessive commie pinko boomer maniac Staff Member Global Moderator

    Joined:
    Sep 15, 2008
    Messages:
    34,036
    Likes Received:
    24,903
    Trophy Points:
    113
    Location:
    Blazer OT board
    That won't be the bottom. I'd wait until 17,499

    barfo
     
    kjironman1 likes this.
  18. oldfisherman

    oldfisherman Unicorn Wrangler

    Joined:
    Jan 18, 2015
    Messages:
    3,806
    Likes Received:
    5,493
    Trophy Points:
    113
    Location:
    Podunk suburbs
    Day to day, so many issues affect the stock market. I have no clue what happens tomorrow.

    However, long term, my guess is it drops lower.

    Reason, profits drive long term stock prices. Many companies will be reporting lower earnings.
     
  19. Minstrel

    Minstrel Top Of The Pops Global Moderator

    Joined:
    Sep 16, 2008
    Messages:
    26,226
    Likes Received:
    14,407
    Trophy Points:
    113
    Occupation:
    User Interface Designer
    Location:
    Hello darkness, my old friend
    Fear and economic disruption are driving the current tanking of the stock market. I don't see either abating for a while. I doubt it'll keep dropping at this rate, but I wouldn't be surprised if the bottom doesn't come for at least another 3-4 weeks.

    And since this situation is so fluid and no one is entirely sure how this will look in a few weeks, I wouldn't be shocked if the market kept shedding value for another few months.
     
    donkiez likes this.
  20. EL PRESIDENTE

    EL PRESIDENTE Username Retired in Honor of Lanny.

    Joined:
    Feb 15, 2010
    Messages:
    50,346
    Likes Received:
    22,531
    Trophy Points:
    113
    Airline bailouts coming.

     

Share This Page