Stocks - The Best Buys 2

[afc wimbledon]

Originally Posted by chemgear

But what is a cut really going to do? Structurally, so much of this is supply issues with China being on lockdown and the demand drop there too. It's spreading across the world and people are deciding to stay at home and companies are getting supply chain backed up and closing down events.

Nobody that is staying inside and not buying stuff is going to look at a rate cut and changing their mind because of it.

Maybe it gives companies more ability to borrow to pay people to last longer if they're in trouble though? I'm not sure.

Oh I don't think will do a thing except exacerbate the kind of issues cheap debt has created in the long term, we were due this correction long before the first infected bat got eaten.

[afc wimbledon]

Australian Markets taking another pounding

[Resolute 14]

Originally Posted by Johnny199r

Anyone panic selling yet?

It's been so long since a big correction that many investors haven't had to practice what they preach, when discussing staying the course.

My money is in ETFs. My timeline is about 25-30 years. I won't be selling anything. If anything, deciding when to go bargain shopping is the big question.

On top of long timelines, most of my money is in dividend stocks as well. It would have been nice to have sold out, waited a few days and bought back in at better prices, but meh.

Also, I've seen stocks like RNW bounce hard so many times that I've little doubt it will come back up.

[CliffFletcher]

Originally Posted by Johnny199r

If anything, deciding when to go bargain shopping is the big question.

That's where I'm at. There are three options:

1) The market has already factored in the pandemic, and now is the time to buy.

2) The market will drop substantially lower as the pandemic hits the U.S. population and economy. So hold off buying for another week or two.

3) This sell-off is just the first step in a large-scale correction that will wipe out most of the gains in of the last 3 years. Buy in [X] months?

I won't pretend to have the expertise to predict which.

[Resolute 14]

My gut feeling is option 2. Once this hits North America, the markets will get rocked again. But, once it starts to pass and people start producing and buying stuff again, I wouldn't be surprised if there's a rubber band effect and a bull run.

Speaking of, I'm up a ton today. Probably a dead cat bounce, but who knows?

[burn_this_city]

China only has 200 additional cases today, if that number continues dropping and Korea/Italy get their situations under control the bottom could be close. China survey on factory orders yesterday showed things are ramping back up there. Oil is probably the best indicator that things are normalizing.

[chemgear]

Market hasn't seemed to done a thing in reaction to the bank rate cuts. Already priced in or just the obvious "a rate cut isn't going to fix the structural supply chain backlog into Q2 or get people to go out and spend if they are staying at home and just using their toilet paper stockpiles"?

[puckedoff]

Originally Posted by puckedoff

I'm just waiting for the first signs of a dead cat bounce and then I'm going to max out my LOC and buy up some stocks.

Mr Stark, I don't feel so good

[bizaro86]

Originally Posted by chemgear

Market hasn't seemed to done a thing in reaction to the bank rate cuts. Already priced in or just the obvious "a rate cut isn't going to fix the structural supply chain backlog into Q2 or get people to go out and spend if they are staying at home and just using their toilet paper stockpiles"?

Little of both I'd say. The yield curve had inverted like crazy prior to the cut, so the market was definitely predicting a 50 point cut as a response.

But really, if you're scared of coronavirus I doubt slightly cheaper financing gets you to go out and buy expensive toys on consumer credit again...

[afc wimbledon]

Liquidity apparently starting to disappear, so next week or two is likely to be worse according to the less positive pundits, some talking 2000 more to go

[IGGYFORMVP]

With all the negative news this weekend I expect Monday will be the worst day yet.

[afc wimbledon]

Originally Posted by IGGYFORMVP

With all the negative news this weekend I expect Monday will be the worst day yet.

we'll know as the Asian markets open tonight, I think the huge days may be over, the market may just bleed off 2 or 300 a day for the next few weeks.

[chemgear]

Oh man, oil prices: - 20%

https://finance.yahoo.com/quote/BZ=F

[chedder]

Originally Posted by chemgear

Oh man, oil prices: - 20%

https://finance.yahoo.com/quote/BZ=F

$32. Holy crap. How low will our canadian oil stocks go tomorrow?

[burn_this_city]

Originally Posted by chedder

$32. Holy crap. How low will our canadian oil stocks go tomorrow?

Back to 1990s levels

[Calgary14]

Originally Posted by chemgear

Oh man, oil prices: - 20%

https://finance.yahoo.com/quote/BZ=F

Looks like it's down 32% now....yikes

[afc wimbledon]

its early in the day, it will recover some

[Snuffleupagus]

Originally Posted by afc wimbledon

its early in the day, it will recover some

Hope you're right, it just dipped below $30

[manwiches]

Just read Goldman predicts oil to hit 20s. Thoughts on buying now, or waiting?

Sent from my SM-N975W using Tapatalk

[burn_this_city]

It's down to $27 WTI right now.