I remember Black Monday in 1987 when the market dropped 23% in a single day. Can

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Feb 25, 2020
1:15:25pm

tevye 3rd String

you imagine the freak out if the market dropped 6700 points yesterday instead of 1000?

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tevye

Bio page: tevye
Joined: Dec 27, 2018
Last login: Apr 28, 2024
Total posts: 2,000 (0 FO)

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Messages

Author

Time

Over the last two days the market is down around 1,750. While big point wise

BYU71

2/25/20 1:12pm

I remember Black Monday in 1987 when the market dropped 23% in a single day. Can

tevye

2/25/20 1:15pm

I remember Black Monday and the somber, if not completely scared, faces on

Y-Zag

2/25/20 1:16pm

You also don't see people walking into a brokerage

BYU71

2/25/20 1:21pm

I recall it vividly. I was with "Thank you Paine Webber" at the time.

BYU71

2/25/20 1:18pm

I'm not giving advice, just stating my position is to hold steady and

Y-Zag

2/25/20 1:16pm

No that’s great advice

coug16

2/25/20 2:20pm

Stocks/funds are one sale. Buy more!

ABN RGR

2/25/20 1:18pm

Sadly, I decided to buy more last Thursday. D'oh!

ChiefBeef

2/25/20 1:48pm

If you think they are on sale now, they might be on clearance in the near future

crack

2/25/20 2:30pm

I found this chart. Of the top 10, only one has been in the past 20 years and

crack

2/25/20 1:19pm

February 2018 if I remember correctly made the top 20 list.

BYU71

2/25/20 1:23pm

I remember the flash crash mess in 2010 (I think). But if I remember

crack

2/25/20 1:32pm

Going from memory is not a smart thing for me to do anymore.

BYU71

2/25/20 1:58pm

You are right. I found a chart showing 20 years of point and

BYU71

2/25/20 2:22pm

Either way, they are always fun days. Do you have to talk alot of people into

crack

2/25/20 2:29pm

I can make generalizations. It isn't hard any more

BYU71

2/25/20 2:51pm

It's killing me right now

Blueto

2/25/20 1:21pm

Down 6% is killing you. Perhaps you should be rolling

BYU71

2/25/20 1:26pm

I'm in the middle of a home loan refi and it is definitely helping me. Broker is

UNLVcougar

2/25/20 1:29pm

They key to remember is the foundations of the economy are still strong. Job growth, consumer confidence, etc. are all

TheLoneCougar

2/25/20 2:35pm

We'll see. Some have been calling this a bubble for a while.

Mises

2/25/20 2:36pm

What is the underlying "problem" causing the bubble?

TheLoneCougar

2/25/20 2:39pm

Some call it the 'everything bubble' because there's a lot inflated.

Mises

2/25/20 2:56pm

IMHO, time to fear a bubble is when everybody is

BYU71

2/25/20 3:06pm

The economy could slow and probably will mainly because

BYU71

2/25/20 2:56pm

If the virus does that in America it will lead to Dow 20K, which will

bluecougar1985

2/25/20 6:54pm

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