everything travel getting smashed flight center down over 16%

8%

Cash is not King, but close. Not Fixed, not Guaranteed, I am speaking of cash in hand, or close. Money Market cash, circumspect.
Get cash, that is what the Big Guys are doing when they aren't buying debt.

What about an FDIC insured money market?

DOW futures off 1000 points with notice of air travel being shut down from Europe.

Everything is reading that the bear market is upon us. One of the newsies is explaining what a bear market actually is. I suppose this is to be expected with a market that has done nothing but go up since 2009.

Bear markets are hard to trade. Volume goes down. Bids and offers get sloppy. Stocks start moving in choppy manners. But the worst is that all the way down, the Wall Street sales machine is still cranking out the buy recommendations as stocks keep falling or just going nowhere. So positive news keeps coming out when nothing is any good. In hind site coming out of a bear market looks so easy. But while you are in the middle of one, nothing is easy.

The good news is bear markets tend to last 1 to 1.5 years, on average. But full recovery can take awhile.

I’ll be a buyer when Dow hits 18,000. I’m calling the bottom.

I can see why you are calling for 18K. It is the first place where you can even see anything that looks like support.

I have a funny feeling the European travel ban is not going to calm things

I have been waiting for something like that since late 2018:

Anything you like right now that pays 5% dividend range? The Canadian banks are getting up there, 6-7% dividend range right now. They make shitloads of money and increase their dividends annually. Thanks.

DJI now under 22k, 1600 point drop from yesterday close.

Down 9%

This thing may trip the second circuit breaker level.

It got to down 9.25% and then went back to down 8.3% and seems to be resisting getting worse.

Going to be shut down by noon. 20% is the go home circuit breaker.

I think there are enough people that look at individual stocks and jump in when they see low prices that it will not get that down today.
Dollar cost averaging when buying on the downfall is another factor to keep the downside from happening as fast.

Its a shame Pornhub is not publicly traded, because i'd be all in today.

These are all DOW stocks.

3M, MMM, has given back 5 years worth of gains. It it is lower then is was in 2016. Now priced at $135.00

Boeing, BA is down $27.00 today. Now priced at $161.00. On Feb. 18, 2020, Boeing was a $340.00 stock. Down $178.00.

Caterpillar, CAT is priced at $89.00. The last time CAT was this price was March 2017.

Exxon, XOM is priced at $35.00. The last time at this price was December of 2003.

Apple, AAPL, is getting hammered, but still has a lot of green ink left in its price.

https://www.fantacalcio.it/news/attualita/12_03_2020/pornhub-un-mese-di-proventi-e-premium-a-marzo-gratis-per-litalia-382257

Pornhub Premium free for Italians and Pornhub donating a month of profits to Italian hospitals.

BA has a multitude of issues, not sure it's even worth $100
I sold this a while back north of $400 - one of my best moves

1.5 trillion up in smoke in minutes...wow.

Things to buy based on my opinion and nothing else: anything that entertains you and keeps you healthy at home / working from home
Zoom video communications
Peloton
Slack
Netflix
Teladoc
Okta
Amzn of course.

Are we talking the ~1pm spike?
I thought it was the $500 billion short-term bank funding, not 1.5 T? Either way it took 34 minutes for the gain to be wiped out entirely. LOL

EDIT: my bad, the $500b at 1pm was part of the $1.5T over a few days https://www.politico.com/news/2020/03/12/fed-announces-massive-cash-injection-to-relieve-us-debt-market-127284

Here comes The Fed to the rescue

https://www.cnn.com/2020/03/12/investing/ny-fed-trillion-coronavirus/index.html

" NY Fed vows to pump in $1.5 trillion to fight coronavirus-linked 'highly unusual disruptions' on Wall Street."

"The Fed is all in. They've fired their nuclear weapon. and they did it because financial markets are seizing up," said James Bianco, president of Bianco Research. "There is no liquidity in the markets. They are trying to unstick them."
========================

What if it does not work?

I think the Fed will go on a buying spree any minute here, I bet we get a bounce.

Boeing,

https://www.cnn.com/2020/03/12/business/boeing-737-max-coronavirus/index.html

" Now that expected demand for new aircraft is in grave doubt, at least for the near term. And the plunge in oil and jet fuel prices has greatly reduced the financial incentive to get the more fuel efficient jets into service. At the very least airlines are likely to defer deliveries of aircraft, if not cancel them altogether.

" The problem is not unique to Boeing. European aircraft maker Airbus also faces the same issues. But because of the one-year delay in deliveries of Boeing's best-selling jet, the 737 Max, the airline customers can now cancel or delay those purchases without having to worry about penalties normally in effect in those sales contracts.
Boeing on Wednesday announced that it had taken orders for 17 787 Dreamliner jets and one 767 during February, one of its best sales months since the grounding of the jet. But it also reported that orders were canceled for 41 737 Max jets, as well as one 777 and four Dreamliners during the month.
=======================================

Aircraft contracts have penalty clauses. They work both ways. If the plane maker manages to keep on schedule, the airplane customer is obligated to make performance payments. But if the plane maker falls behind, the customer is off the hook.

Boeing has gone from an overweight buy to neutral. On Wall Street, "buy" means buy. Anything else means sell. Hold means sell. underperform means sell.

Screen Shot 2020-03-12 at 11.53.04 AM (resized).png

The Fed needs some help. Step right up and buy along with The Fed.

Easy come easy go

49ECCF06-98E5-4D2C-9C90-C421E34D2BE2 (resized).png

Buy low, sell high. I have made a few sound purchases today in hopes that someday this will turn around.

You are not going to be able to solve irrational fear and panic with monetary policy.
Nothing is going to cure is absurd fear but time

It's not like this is a once in a lifetime opportunity today to buy low and tomorrow the ramp will continue. Realistically this will cause a recession. We won't even know that we are officially in recession until the end of summer.

Eventually, the economy will recover. But making spot bets now I don't think will be helpful.

-2352... Sometimes I hate being right. Worst Dow day ever by points. 4th worst by percentage loss (-9.99%)

Y'all got any more of them cheap puts?

21,200 DJI close! wow.
I'm morbidly curious to see how low oil will get. I expect a loooong plateau around 27-30. Closed today at $31

Put some cash in E*TRADE today. Not going in yet, but the REIT I’ve been watching for a while is really appealing at this point.

It's going to 18-20. We've only begun to see the impact of this, scary as that seems.

True, qustion is now how low will it go.

Any thoughts on SLB or HAL? SLB for $12 & HAL for $7. Yeesh! I like SLB a little better because of HAL's debt load. I don't know if HAL will make it long term. On the fence

I own a block of land outright. I have not signed anything yet but i want to build on it as soon as possible. My question is in the crash of 2008 did all real estate crash or was it only existing properties. Will new build prices go down to i am thinking of waiting if i can get a better deal on a house build.
Thanks for any help on this.

Here is my prediction, the DOW will get to 19,800 which is the exact level when Trump took office. That will tell you the big boys want him out.

I have no clue about your area, but in my area everything was down a few years(existing).

And new material is very high these days, concrete being one of the worst materials price wise anymore.

I am constantly around builders, and for some reason $80.00 per square foot cost comes to mind on a new build. I am pretty sure that is what I have overheard.

Low lows are followed by high highs. Just gotta have the balls to ride it out.

8BA11703-A993-4294-A81A-7647C764D90F_4_5005_c (resized).jpeg

I would be pretty shocked if tomorrow sees a high gain, if any gain at all. Too much downwards momentum right now. Plus it's a Friday.

If you mean long term, I suppose eventually...and if you've ridden the drop this long then you might as well see it through.

Thankyou for your quick reply Sorry i should have stated i am in Australia and was curious if cost of new builds come down in price during and after a crash or does labor and materials stay the same.

I noticed you are down under. And not sure about there, but here labor and materials goes up all the time no matter what.

Absolutely. Fridays are down nine times out ouf ten so don't worry about tomorrow. Only a fool would sell now and lock in losses. Ride it out.

Thanks mate.

Since I'm now posting in this thread, I guess I should give my short story...

I watched the market for the past year or so, waiting for a significant drop to enter in. Kept thinking a big drop was coming because I thought most stocks were overbought. This year, January, finally decided if you can't beat em, join em, and ride the wave. Decided I would do some day trading with some investment money I had sitting around (I also invest in real estate...also an overbought market IMO) and by "day trading" I don't mean sitting in front of a computer all day, but a few trades a day while doing other things. Did OK for a bit, then did really well at the last Amazon earnings report, then learned some hard lessons, and once the market started to drop I kept learning more lessons about volatility. As they say, much easier to make money (especially any form of day trading) in the stock market when it just goes up, up, up.

I went from being up $4k in a month to about even, and now I'm back in the green by shorting stocks since lately nothing is trending up (not even gold). Strange to be doing the complete opposite now as I compared to when I started, especially when most are losing money. Feels a bit like jumping off a building with others, pushing someone else as they fall, then having a teleport button (my stop loss order) that puts me back in the building with a bag of money. Rinse and repeat with Expedia stock today. My wife and I do have some long term stock investments (IRA, 401k)...I told my wife this was probably "that drop I was waiting for" early on and put the IRA in a Money Market account which seems to have been a good/lucky decision. Speaking of luck, there is no doubt a lot of that when it comes to stock market trading. The rest is research and discipline in my opinion. I've watched countless day trading videos and articles and anyone claiming to know "the answer" about this stuff is full of it if they don't at least acknowledge the luck factor. I don't think it's quite like gambling, but it gets close depending on your trades/strategy. And sure, buying and holding good companies long term is the safest way to make money at this, but for some of us that's just not enough So for those who have wanted to be more involved and hear a first account, I hope this was worth it.

Futures are down.

No one will want to be hero and hold over the weekend. Friday most likely down at close.