• Bought another 100 shares of Boeing at $314

    20% of the market is reason and the rest is emotion.

    They have to get ALL the pilots through scarce simulators.

    But once the fix is in and the CEO takes his entire family for a flight I think that the 5+ years worth of back orders will encourage investment and it could go over $500 before 2022.

    Think I'm crazy?

    Go back and look at my prediction on 2/14/18 on the skeered thread.
    The Dow was at 24893 and I said it could hit 30K by 2020

    This week it briefly went over 29,300
    I may be off by less than a month yet.

  • The stock market enjoyed a fairly large drop today, which pundits are blaming on fears of the Corona Virus outbreak & its possible effects on the world economy. I was curious about what previous disease outbreaks had done to markets & found various articles online. This one had a little more hard information than most.

    Epidemic & 12-month % change of S&P 500 Index
    HIV/AIDS June 1981 -10.73%
    SARS April 2003 +20.76%
    Avian flu June 2006 +18.36%
    Swine flu April 2009 +25.96%
    Ebola March 2014 +10.44%

    Thanks to Market Watch

  • Thinking multifactorially mind you

    What else was happening?

  • @zBrown! I don't remember any great problems during those years noted. Per this graph of the S&P 500 Index during those years, the big dips were 2001 - 2003 & 2008. There is always a reason for a stock market sell-off, but sometimes those reasons seem slightly arcane to those of us not tuned-in.

    Market 1980 - 2014.JPG

  • Well this was a rough week, but I didn't lock in any losses.

    In the end though, without a serious pandemic, man will destroy the biosphere.

  • U.S. stock markets were down sharply last week due to fears of the Corona virus & what it might do to world economies. Per this report this morning, I'm starting to think the pessimists may have it right?

    "But the toll keeps mounting at an ever-increasing pace, with health authorities on Saturday saying 46 more people had died in the preceding 24 hours, all but one in Hubei Province, China.
    Another 2,102 new infections were also confirmed, bringing the total to nearly 12,000 -- far higher than the Severe Acute Respiratory Syndrome outbreak of 2002-03.
    SARS, which is caused by a pathogen similar to the new coronavirus and also originated in China, killed 774 people worldwide -- most of them in mainland China and Hong Kong.
    The World Health Organization (WHO) declared the outbreak a global emergency on Thursday but later warned that closing borders was probably ineffective in halting transmission and could accelerate the virus's spread."

  • Long term investment: undeveloped real estate. Preferably in low property tax bracket. Then think decades... 🥃

  • Well my Sprint nearly doubled today so I sold.

    The people that shorted Tesla aren't licking their wounds. They are dealing with the stumps of amputated limbs. Bulls make money. Bears make money. Pigs get slaughtered.

  • @Toker-V Yeah? I have some long held S that I maybe should exit. Thx.

    Edit: Ah, I see, merger w/T actually approved. Mind numbing.

  • Hell of a morning to sleep in. I'm down 6 figures but not selling (well actually just sold some bonds that gave me 17% in 11 months) but I'm waiting for the verdict on coronavirus before looking for bargains.

  • I follow @DrDenaGrayson on Twitter:
    She worked on developing treatment for Ebola, and has been warning of pandemic since the outbreak began. If you want a crash course about the topic, she may be a good resource for you.

    With factories being closed in China, and as it spreads, it could get.....bad, economically speaking. But what the hell - playing the stock market is game for big boys and girls, right? Too bad it affects everyone else whether they consume the delicious poison or not.

    My jewelry sales seem to have tanked since about November, in this fantastic economy. Me - I need a set of tires, pronto. I thought the tires I had (bought 2018 in late summer/autumn) would get me through this trip and back to NY, but such is not the case. Stock market is so far out of my current realm I can't imagine being in a skeered position over it, but from my own viewpoint, I think people should be skeered. Be very, very skeered.....

  • As always, we are living in "interesting times."

    The S&P 500′s two-day loss of 6.3% was the largest since August 2015, when the Chinese government devalued their currency.

    I didn't sell, but I did listen to some market pundits on the radio this afternoon. They ain't buying either, & the old analogy of buying into a plummeting stock market, is like trying to catch a falling knife, was of course mentioned.

    When do the stock markets bottom?

    They always bottom, but that is the very tricky part about "market-timing."

  • S closed at $9.64. 💹 Still holding. If for no other reason than amusement value.

  • (Edited)

    An..interesting....graphic graph comparing Coronavirus numbers to SARS, Ebola, and others day by day since outbreak. Keep in mind Coronavirus can have several weeks from infection to symptoms.....

  • The sell-off continues, perhaps reaching a panic not seen since 2008, by tomorrow. From Reuters: "The S&P 500 finished 12% below its Feb. 19 record close, marking its fastest correction ever in just six trading days."

    Interestingly, one of the few stocks in the S&P 500 that was up today, is 3M, since a market analyst upgraded them because they make respirator masks. However, the stock has otherwise not done well, since hitting a peak in Jan. 2018. I confess to having owned some shares of it for the last 20 or so years. Long term, it has been a great stock to own, but if I was paying more attention, I should have dumped it. Another reason for me to have most of my money in mutual funds, where more focused managers change out of stocks, like I change out of socks & underwear, often.

  • @FritzRay Meh... if the management fees from all that extra churn don't eat up all the gains.

    It's all rigged anyhow.

    Stacked deck.

    Cold fact.

    Still, one can make a dime or three if they know how to play the game, are lucky and willing to risk an ulcer.

    Party on, Wayne! 🥃

  • @toby said in SKEERED:

    Party on, Wayne!

    Party on, Garth.

    And buy real estate -- they aren't making any more of it.

  • Yes, but talk to me after this has settled out. I've tried real estate, rentals, the stock market, & low-cost mutual funds. I'm still pretty-happy with the low-cost mutual funds.

    If you remember the depression-era saying: "I've got more time than money".

    A couple years back, I realized: I had "more money than time," unless there is an economic meltdown worse than the "Great Depression."

    You never know, but then, with 5 acres of mostly irrigated & rocky land, I'll go to eating our locally abundant rockchucks, trout, & asparagus.
    garlic asparagus 5-12-14.JPG

  • @FritzRay said in SKEERED:

    You never know, but then I'll go to eating our locally abundant rockchucks, trout, & asparagus

    And I'll club deer in the yard as they try to get into the deer-proofed garden, and eat them with the produce of that garden.

    Interesting times.

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