Anonymous
03/18/2020 13:36
Subject: WHO is pulling all of their money out of the stock market?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Lots of impatient people on here.
We haven’t hit bottom yet.
Wait.
Then buy.
+1
You have little chance of timing it correctly.
Conventional wisdom doesn't apply now. We know that 40% to 60% of the population will contract the virus in America and that 1% of these people will die. America has 360 million people. When 1 million people are dead this year do you think stocks are going to be up from their current point? Thinking that that's even a possibility is ridiculously clueless.]
If you think the market will not recover ever, or in the next 20 years, then if makes sense to take your money out. But if I think it will what’s the point of taking it out?
I have $20,000 in the market. Why would I just ride it down all the way to potentially 5,000 or 10,000? All the medical professionals are saying deaths are going to spike and the economists are saying unemployment might be at 20%. Why in the world would you think the market is going to go up in the next few months with those stats in mind?
Pull it out now and reinvest when the market bottoms out when hundreds of thousands of people are dead in the US. It is not getting better in the next few weeks, obviously.
This. We rode everything in 2008 all the way down and said we weren’t going to do it again this time - late 40s now. We had a lot hedged already but pulled a ton of money out after the second bad day. I know we will never get back in at exactly the right time but I feel OK about it anyway.
This.
Not this. Not even a little bit. The real question here isn't when did you pull your money out. It's when did you put your money back in? How much of the run UP did you miss?
Anonymous
03/18/2020 13:33
Subject: WHO is pulling all of their money out of the stock market?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Lots of impatient people on here.
We haven’t hit bottom yet.
Wait.
Then buy.
+1
You have little chance of timing it correctly.
Conventional wisdom doesn't apply now. We know that 40% to 60% of the population will contract the virus in America and that 1% of these people will die. America has 360 million people. When 1 million people are dead this year do you think stocks are going to be up from their current point? Thinking that that's even a possibility is ridiculously clueless.
I'm not investing with a one year goal in mind. While I think this disease is terrible and will kill many people and will destroy the economy for a few years, the Trump era has taught me that people are like cockroaches (for better and for worse).
Good luck trying to "buy at the bottom." That sounds about as useful as "buy your toilet paper the day the President declares an national emergency."
Anonymous
03/18/2020 13:28
Subject: Re:WHO is pulling all of their money out of the stock market?
In my humble people advocate staying to stay the course because they do not want others to pull out of the market. When things are ugly you need company. The other reason is the strong belief that the government WILL always come to the rescue. People should always do what's best for them. Angrily telling people to stay the course or questioning their intellect for pulling out misses the point. People are in a tough position. What concerns me today is the future impact (tax rates, safety nets, etc...) on the economy as the result of the recent monetary policies and upcoming fiscal policies. I am worried! I hope someone can convince me that the way we are savings the market today will have no impacts whatsoever in the future.
Anonymous
03/18/2020 13:25
Subject: WHO is pulling all of their money out of the stock market?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Lots of impatient people on here.
We haven’t hit bottom yet.
Wait.
Then buy.
+1
You have little chance of timing it correctly.
Conventional wisdom doesn't apply now. We know that 40% to 60% of the population will contract the virus in America and that 1% of these people will die. America has 360 million people. When 1 million people are dead this year do you think stocks are going to be up from their current point? Thinking that that's even a possibility is ridiculously clueless.]
If you think the market will not recover ever, or in the next 20 years, then if makes sense to take your money out. But if I think it will what’s the point of taking it out?
I have $20,000 in the market. Why would I just ride it down all the way to potentially 5,000 or 10,000? All the medical professionals are saying deaths are going to spike and the economists are saying unemployment might be at 20%. Why in the world would you think the market is going to go up in the next few months with those stats in mind?
Pull it out now and reinvest when the market bottoms out when hundreds of thousands of people are dead in the US. It is not getting better in the next few weeks, obviously.
This. We rode everything in 2008 all the way down and said we weren’t going to do it again this time - late 40s now. We had a lot hedged already but pulled a ton of money out after the second bad day. I know we will never get back in at exactly the right time but I feel OK about it anyway.
This.
Anonymous
03/18/2020 13:17
Subject: Re:WHO is pulling all of their money out of the stock market?
Didn't pull any out of investment accounts, but moving new contributions to cash for a while.
Anonymous
03/18/2020 13:15
Subject: WHO is pulling all of their money out of the stock market?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Lots of impatient people on here.
We haven’t hit bottom yet.
Wait.
Then buy.
+1
You have little chance of timing it correctly.
Conventional wisdom doesn't apply now. We know that 40% to 60% of the population will contract the virus in America and that 1% of these people will die. America has 360 million people. When 1 million people are dead this year do you think stocks are going to be up from their current point? Thinking that that's even a possibility is ridiculously clueless.]
If you think the market will not recover ever, or in the next 20 years, then if makes sense to take your money out. But if I think it will what’s the point of taking it out?
I have $20,000 in the market. Why would I just ride it down all the way to potentially 5,000 or 10,000? All the medical professionals are saying deaths are going to spike and the economists are saying unemployment might be at 20%. Why in the world would you think the market is going to go up in the next few months with those stats in mind?
Pull it out now and reinvest when the market bottoms out when hundreds of thousands of people are dead in the US. It is not getting better in the next few weeks, obviously.
This. We rode everything in 2008 all the way down and said we weren’t going to do it again this time - late 40s now. We had a lot hedged already but pulled a ton of money out after the second bad day. I know we will never get back in at exactly the right time but I feel OK about it anyway.
Anonymous
03/18/2020 13:05
Subject: WHO is pulling all of their money out of the stock market?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Lots of impatient people on here.
We haven’t hit bottom yet.
Wait.
Then buy.
+1
You have little chance of timing it correctly.
Conventional wisdom doesn't apply now. We know that 40% to 60% of the population will contract the virus in America and that 1% of these people will die. America has 360 million people. When 1 million people are dead this year do you think stocks are going to be up from their current point? Thinking that that's even a possibility is ridiculously clueless.
So you think a much larger number of people will die in America than China? Really?
This is why these statistics are ridiculous. Give it another two weeks, and the at risk population will be urged to stay home while things will get back to normal. Because the economy cannot take months of this for the rest of us.
Just Anecdotal but I’m mid-forties and my friends are frustrated and worried because their parents won’t listen and just stay home.
Monday, I argued, cajoled, and asked my dad to get his groceries delivered. He said OK, thanks for caring about me.
An hour later, he called and said he and his girlfriend went to Wal-Mart. He complained that it was out of everything and he left empty-handed. So he exposed himself for nothing.
Anonymous
03/18/2020 11:20
Subject: WHO is pulling all of their money out of the stock market?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Lots of impatient people on here.
We haven’t hit bottom yet.
Wait.
Then buy.
+1
You have little chance of timing it correctly.
Conventional wisdom doesn't apply now. We know that 40% to 60% of the population will contract the virus in America and that 1% of these people will die. America has 360 million people. When 1 million people are dead this year do you think stocks are going to be up from their current point? Thinking that that's even a possibility is ridiculously clueless.
]
If you think the market will not recover ever, or in the next 20 years, then if makes sense to take your money out. But if I think it will what’s the point of taking it out?
I have $20,000 in the market. Why would I just ride it down all the way to potentially 5,000 or 10,000? All the medical professionals are saying deaths are going to spike and the economists are saying unemployment might be at 20%. Why in the world would you think the market is going to go up in the next few months with those stats in mind?
Pull it out now and reinvest when the market bottoms out when hundreds of thousands of people are dead in the US. It is not getting better in the next few weeks, obviously.
Anonymous
03/18/2020 11:07
Subject: WHO is pulling all of their money out of the stock market?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Lots of impatient people on here.
We haven’t hit bottom yet.
Wait.
Then buy.
+1
You have little chance of timing it correctly.
Conventional wisdom doesn't apply now. We know that 40% to 60% of the population will contract the virus in America and that 1% of these people will die. America has 360 million people. When 1 million people are dead this year do you think stocks are going to be up from their current point? Thinking that that's even a possibility is ridiculously clueless.
]
If you think the market will not recover ever, or in the next 20 years, then if makes sense to take your money out. But if I think it will what’s the point of taking it out?
Anonymous
03/18/2020 10:54
Subject: WHO is pulling all of their money out of the stock market?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Lots of impatient people on here.
We haven’t hit bottom yet.
Wait.
Then buy.
+1
You have little chance of timing it correctly.
Conventional wisdom doesn't apply now. We know that 40% to 60% of the population will contract the virus in America and that 1% of these people will die. America has 360 million people. When 1 million people are dead this year do you think stocks are going to be up from their current point? Thinking that that's even a possibility is ridiculously clueless.
So you think a much larger number of people will die in America than China? Really?
This is why these statistics are ridiculous. Give it another two weeks, and the at risk population will be urged to stay home while things will get back to normal. Because the economy cannot take months of this for the rest of us.
China is a communist dictatorship that pulled infected people from their homes and put them in quarantines without their consent.
Last time I looked we're in a free country, where people are still free to do dumb stuff like take jello shots at the bar with their buddies in Texas. We're on track to be Italy right now, which is in utter chaos. Thinking this is going to "go away" in two weeks is just plain foolish. No medical professional thinks that. Stop spreading fake news.
Anonymous
03/18/2020 10:44
Subject: WHO is pulling all of their money out of the stock market?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Lots of impatient people on here.
We haven’t hit bottom yet.
Wait.
Then buy.
+1
You have little chance of timing it correctly.
Conventional wisdom doesn't apply now. We know that 40% to 60% of the population will contract the virus in America and that 1% of these people will die. America has 360 million people. When 1 million people are dead this year do you think stocks are going to be up from their current point? Thinking that that's even a possibility is ridiculously clueless.
So you think a much larger number of people will die in America than China? Really?
This is why these statistics are ridiculous. Give it another two weeks, and the at risk population will be urged to stay home while things will get back to normal. Because the economy cannot take months of this for the rest of us.
Anonymous
03/18/2020 09:29
Subject: Re:WHO is pulling all of their money out of the stock market?
I sold the stock in my taxable investment account yesterday, right before the market closed. I was still able to sell it at a slight gain despite the recent crash.
That said, I’m leaving my long-term (retirement/college) accounts alone, aside from rebalancing.
That said, I’m leaving my long-term (retirement/college) accounts alone, aside from rebalancing.
Anonymous
03/18/2020 09:27
Subject: WHO is pulling all of their money out of the stock market?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Lots of impatient people on here.
We haven’t hit bottom yet.
Wait.
Then buy.
+1
You have little chance of timing it correctly.
Conventional wisdom doesn't apply now. We know that 40% to 60% of the population will contract the virus in America and that 1% of these people will die. America has 360 million people. When 1 million people are dead this year do you think stocks are going to be up from their current point? Thinking that that's even a possibility is ridiculously clueless.
Anonymous
03/17/2020 20:33
Subject: WHO is pulling all of their money out of the stock market?
Anonymous wrote:Go watch the video from Italians making the rounds on social media about how they wish they knew what they know now.
This is going to get way, way worse in the coming 2-3 weeks.
We don't have people spilling out of hospitals, gasping for air. Yet.
We don't have home with bodies stuck inside. Yet.
We are all still pretty stocked up but food isn't dwindling. Yet.
All of this is going to be a massive psychological shock when video start leaking on social media of piles of bodies. We will have to dig mass graves or run the crematoriums 24/7.
Vast majority of Americans are not psychologically prepared for the shock that is about to come.
I'm an economist. The best thing we can do right now is shut down everything for two weeks: no airplanes, mandatory country-wide quarantine, close ALL the financial markets. In addition, suspend all debt payments and property rents for two months.
Our entire society needs a time-out. That's the only way to maintain asset values and minimize job/business losses.
Ok...i got it after you mentioned you were an economist....
Anonymous
03/17/2020 19:27
Subject: WHO is pulling all of their money out of the stock market?
Anonymous wrote:Anonymous wrote:Lots of impatient people on here.
We haven’t hit bottom yet.
Wait.
Then buy.
+1
You have little chance of timing it correctly.