Post New Article

What To Do About Stock Market
Meltdown? How About Nothing?

Original Article

Posted By: PageTurner, 3/10/2020 8:09:44 AM

No doubt about it, it’s a bad time to be fully invested in the stock market. Prognosticators abound, yet no one really knows what the stock market will do next. What’s happening, and what should you do? First, let’s recap Monday’s market mayhem. Before the market even opened, stock futures for S&P 500 index flashed a huge 7% decline. That triggered so-called “circuit breakers,” rules that require trading to be suspended 15 minutes to prevent a panicked rush for the exits. That’s always a bad sign. Equally bad, the Dow Jones Industrial Average tanked more than 2,000 points, off 7.8%

Post Reply

Reply 1 - Posted by: Historybuff 3/10/2020 8:17:21 AM (No. 341799)
Not me - stocks are on sale - I'm putting a buy order in for XOM it paid me an 87 cent dividend this morning at 12:01.
11 people like this.

Reply 2 - Posted by: Mr. Know-It-All 3/10/2020 8:37:20 AM (No. 341811)
If you are an investor in a 401k or something along those lines....nothing. Things will bounce back. Let your fund managers do the work and worrying. If you are a player and were waiting for a good sale to put in more $$, go for it.
10 people like this.

Reply 3 - Posted by: bpl40 3/10/2020 8:55:21 AM (No. 341829)
At 29,000, stocks were way too highly priced compared to short term earning expectation. Corona virus slowdown and low oil prices intensified that fear. Hence the Monday collapse. I have a degree from one of the top B schools but am no market expert .However, some educated guessing indicates the market may go down some more but ease up to a level of a reasonable P/E say 16/17. As the economy is basically sound, after the threat of a socialist takeover recedes, earnings will rise when 29,000 will represent a reasonable P/E ratio. That market level will be more real and sustainable.So, don't panic, ride it out.. Restrict major expenses to essentials like house upgrade or car replacement (think Honda rather than BMW) or kids' education. Avoid expensive vacations, luxuries that can be postponed. .Above all don't forget to vote Republican in November. Otherwise all is lost!
19 people like this.

Reply 4 - Posted by: Chuzzles 3/10/2020 9:27:00 AM (No. 341851)
If this is indeed about the oil, not the Bug, then shame on the media for lying like this. Filthy, corrupted snakes. The Branco cartoon from last week I think it was, summed up the democrats/media perfectly. Donkey in a hazmat suit spraying fear not honesty all over the country.
7 people like this.

Reply 5 - Posted by: MDConservative 3/10/2020 9:33:04 AM (No. 341855)
Don't you love hysteria...coronavirus...oil...stock market decline...? Americans thrive on hysteria anymore. Used to call them "panics". Call this is "The Great Panic of 2020".
1 person likes this.

Reply 6 - Posted by: jeffkinnh 3/10/2020 10:19:14 AM (No. 341897)
"The stock market’s price system gauges millions of investors’ guesses for what the economy will look like in six to 12 months. Then it adjusts prices accordingly. ... traders moving in and out of positions to capture profits" Sorry. The market didn't drop 2000 points because "millions of investors" took unified action. It dropped because large fund managers or single holders of huge blocks of stock are playing the market or they have automated sells that were triggered. Consider this, the fundamentals of most companies are NOT going to change all that much because of the listed causes. Sure the travel & tourism business will take a hit from the Coronavirus but in 4 months than is very likely to be under control. Oil companies may sag as well. Beyond that, the best companies to be invested in are STILL the best companies to be invested in. For example, if you're looking at tech stocks, the best is still the best. The way money is made in a volitile market is to get out at the top and buy back in at the bottom, a dangerous game to play but if you control a big enough investment, you can actually influence the moves and create the situation you want. The problem today is that it's not a company game, which is what the market used to be, it's a MONEY game. Manipulating money cleverly pays off. For the average investor, the best bet is to ride the wave, down and then up. It can be pretty scary. That's why so many individuals have their money in CDs that pay almost nothing. They demand safety and cannot handle the uncertainty. In the long run, they lose because inflation nibbles away at their earning next to nothing money. They may sleep better at night because if they were in the market right now they would be panicked. However, if you want your wealth to really grow, you need the average 6+% earning power of the market. You either have the temperament to deal with the volatility or you take a Valium as needed.
7 people like this.

Reply 7 - Posted by: dman 3/10/2020 10:58:51 AM (No. 341944)
Patience. Grit. Timing ... .. then BUY !!!
2 people like this.

Reply 8 - Posted by: DVC 3/10/2020 11:15:27 AM (No. 341959)
Having a broad range of stocks in your portfolio, and not reacting to volitility is the way not to get too affected by short term moves. I purchase a range of mutual funds, each in the top few percentage of performance over the last 5 years in their market sector. During an annual review, any who have fallen out of the top 25% in their sector are replaced by another in that sector which are still in the top few performers in that sector. If one sector has done well, and is now "over represented", some is sold and spread to the other sectors, keeping the chosen sector allotments roughly as intended. This means that you have dozens of teams of the smartest, most PROVEN successful fund managers working for you. THEY do the work, you just make sure you stick with the winning teams, unless they prove that they are no longer winners by poor performance. And stay broadly invested. In recent years, I have put some substantial fraction into guaranteed instruments, potentially forgoing upside benefits for guarantees against downside risk, something a more mature investor should consider. But when the times get rough. Ignore the market volatility, just don't pay attention if you have good mutual funds, and a broad number of them. Those folks running the funds will figure out what they need to do, and all you can do meddling and fiddling is almost certainly make it worse. If you are still actively trading individual stocks, something I quit doing about 15 years ago, time to buy quality that is "on sale".
1 person likes this.

Reply 9 - Posted by: HotRod 3/10/2020 11:17:25 AM (No. 341963)
Oil is the driver of the sell off, but the virus is responsible for the diminished demand for oil. Airlines, cruise ships, cars all are consuming less because of reduced travel. The old saying: ''Buy low, sell high!'' must not be taught any more. When stocks fall, people panic and sell (low.) Then when it goes back up, they buy (high.) No wonder so many people lose money!
5 people like this.

Reply 10 - Posted by: Strike3 3/10/2020 12:45:09 PM (No. 342060)
Yep, time to buy.
1 person likes this.

Reply 11 - Posted by: tom7 3/10/2020 1:01:25 PM (No. 342077)
Absolutely. Don't just do something! Sit there! Let the sanity catch back up with you.
1 person likes this.

Reply 12 - Posted by: oldmagnolia 3/10/2020 1:16:12 PM (No. 342094)
If you are a long term investor, stay put.
0 people like this.

Below, you will find ...
Most Recent Articles posted by "PageTurner"
Most Active Articles (last 48 hours)
Most Recent Articles posted by PageTurner"
What To Do About Stock Market
Meltdown? How About Nothing?
12 replies
Posted by PageTurner 3/10/2020 8:09:44 AM Post Reply
No doubt about it, it’s a bad time to be fully invested in the stock market. Prognosticators abound, yet no one really knows what the stock market will do next. What’s happening, and what should you do? First, let’s recap Monday’s market mayhem. Before the market even opened, stock futures for S&P 500 index flashed a huge 7% decline. That triggered so-called “circuit breakers,” rules that require trading to be suspended 15 minutes to prevent a panicked rush for the exits. That’s always a bad sign. Equally bad, the Dow Jones Industrial Average tanked more than 2,000 points, off 7.8%
Family of dying man sneak cat into
hospital for final farewell
17 replies
Posted by PageTurner 3/9/2020 8:58:00 PM Post Reply
The family of an Australian man dying of cancer sneaked their pet cat into hospital for a final farewell. In a video posted to Tik Tok, Paul Lewis' family is shown preparing their ginger feline Coco, for his trip to Muswellbrook hospital, New South Wales. Lewis, who is filmed lying on a hospital bed, had bowel and kidney cancer. He was rushed to hospital on Friday, February 28 after his health deteriorated. He passed away on Monday. According to his grandaughter Alisha Foti, the family's 19-year-old feline was very close with Lewis. "Coco was frantically looking for my grandfather on Sunday," Foti told MailOnline. Although the family were told Lewis
Leftists mock Ted Cruz for ... protecting
them from coronavirus
9 replies
Posted by PageTurner 3/9/2020 8:43:40 AM Post Reply
What is it with the left and its seeming desire to kill others? First we had a far-left Denver city councilwoman, Candi CdeBaca, endorse the intentional spreading of coronavirus among political opponents in order to kill them, with a repulsive "#solidarity Yaaaas!!" Now we have leftists mocking Sen. Ted Cruz for self-quarantining, after being exposed to a coronavirus patient at the CPAC conference, in order to prevent any spread of the disease to others, including political opponents. That includes leftists in Congress and anyone else. Given that coronavirus exposure sometimes turns well people into "superspreaders," it was a highly responsible and empathetic thing to do. Cruz put others before himself
Monday Schadenfreude: Plame flames 8 replies
Posted by PageTurner 3/9/2020 8:41:03 AM Post Reply
Whoever wins the Democrat primary on June 2 for New Mexico’s third congressional district will be an overwhelming favorite to win the general election in November. It is very unlikely that Valerie Plame will be that person. She probably will not even make the Democrat ballot. Valerie Plame and her then husband, Joe Wilson, loudly decamped from Washington, D.C. and moved to New Mexico’s version of Marin County, California: Santa Fe in 2007. They remained there quietly until 2019 when Ms. Plame announced that she was
Trump has a field day with addled Joe
Biden's 'endorsement'
6 replies
Posted by PageTurner 3/8/2020 5:48:54 PM Post Reply
Joe Biden is 'confused' as heck, not just about where he is, but who he wants to be president. Get a load: (Snip for tweet) Not surprisingly, President Trump is having a field day. (snip for tweet) Imagine what the Biden campaign staff meetings are like now. It's never good news when a rival candidate is cheering your candidate's statements. It's ridiculous, actually - this man the Democrats have rallied around now made these statements with a teleprompter, with rehearsals, and still managed to endorse the other guy. In fast-moving sports, that's an own-goal, an accident of spatial vector miscalculations and overexcited players. Joe's none of that. He's just a mean and confused old man.
Dubai ruler abducted, tortured two of
his daughters, UK court finds
6 replies
Posted by PageTurner 3/8/2020 5:18:27 PM Post Reply
Just two weeks ago, first daughter Ivanka Trump visited Dubai in a show of support for women’s rights. At the same time, a British court found, two of the Middle East Kingdom’s princesses are presumably imprisoned there, after being kidnapped and tortured at the behest of the kingdom’s brutal ruler. Sheikh Mohammed bin Rashid al-Maktoum abducted his two daughters, forced them to return to Dubai, tortured them and began a campaign of intimidation against his now ex-wife, according to a damning “Fact-Finding” judgment by the English High Court court this week.
Fool & His Money, Part II: Bernie bros
snicker about infiltrating Bloomberg's
campaign and ripping him off
10 replies
Posted by PageTurner 3/7/2020 12:58:49 PM Post Reply
Michael Bloomberg, whose presidential campaign staff reportedly earned six-figure salaries, presumably as the best money could buy, also attracted greedy thieving grifters, like flies to a pile. Acccording to the Daily Caller: Staffers for former New York City Mayor Michael Bloomberg’s failed presidential campaign say they went rogue and canvassed for Sen. Bernie Sanders after the Nevada debate debacle, The Nation reported Friday, citing anonymous sources. People who worked with the team knew the campaign was over after Sen. Elizabeth Warren blasted Bloomberg during the Feb. 19 debate in Nevada, the report noted.
As Bernie Sanders Pushed for Closer
Ties, Soviet Union Spotted Opportunity
7 replies
Posted by PageTurner 3/6/2020 10:51:01 AM Post Reply
YAROSLAVL, Russia — The mayor of Burlington, Vt., wrote to a Soviet counterpart in a provincial city that he wanted the United States and the Soviet Union to “live together as friends.” Unbeknown to him, his desire for friendship meshed with the efforts of Soviet officials in Moscow to “reveal American imperialism as the main source of the danger of war.” That mayor was Bernie Sanders, and the story of his 1988 trip to the Soviet Union has been told before. But many of the details of Mr. Sanders’s Cold War diplomacy before and after that visit — and the Soviet effort to exploit Mr. Sanders’s antiwar
Democrats rig California's vote, wonder
why turnout is so low
12 replies
Posted by PageTurner 3/6/2020 10:23:15 AM Post Reply
It ought to be a matter of shame for California that it's still counting its primary ballots from days ago in stale three-day old news. The latest estimate is that they've got five and a half million so far counted and around three and a half million votes to go. Election day, as CalMatters notes, is a misnomer, California has 'election month.' But nope, they're bottling it and marketing it as "enfranchisement," saying that all the many, many, many ways to vote now in California now are why it's taking so long to count the ballots still sitting around. "California counts its votes in its own good time,"
The Democratic Party Is Wounded And Dangerous 20 replies
Posted by PageTurner 3/6/2020 5:23:52 AM Post Reply
Beware the wounded animal. In pain and desperation, it will do violent things. It seems to me no coincidence that Joe Biden's big win on Super Tuesday was followed by Democratic senator Chuck Schumer threatening conservative members of the Supreme Court on Wednesday. Joe Biden is hardly Lancelot to President Trump's dragon. The Democrats and the Deep State needed a first-class warrior; instead, their best option is a walking advertisement for Alzheimer's awareness. In his best days, Joe Biden was the political equivalent of Jack McCall, shooting his adversaries in the back.
There is Nothing ‘Loony’ About Bill
Ayers as Obama’s Muse
8 replies
Posted by PageTurner 3/5/2020 9:04:06 AM Post Reply
This past week several people called my attention to a post by Scott Johnson on his influential PowerLine blog that addressed the literary relationship between Barack Obama and his radical friend, Bill Ayers. In the post Johnson spoke of his high regard for David Garrow’s “staggeringly researched” 2017 Obama biography, Rising Star. “Without resolving all mysteries,” Johnson writes, “[Garrow’s] scholarship belies the notion that [Dreams from My Father] was ghostwritten by Bill Ayers or other such collaborator.” Johnson emailed Garrow to follow up on the authorship question, and Garrow responded, “I don’t recall exactly where the Bill Ayers [stuff] got started,
Obama squirms about that Biden endorsement 12 replies
Posted by PageTurner 3/5/2020 8:58:05 AM Post Reply
Now that the Democratic Party has all-but-consolidated behind decrepit Joe Biden to keep unelectable socialist Bernie Sanders off the top of its ticket, it's worth a snicker to consider President Obama, behind the scenes, suddenly realizing he's going to have to endorse idiot Joe Biden for president, a man he considers unfit for the office. Obama had witheld his endorsement for his faithful former vice president, which was pretty humilating for Joe, a man Joe had touted as his "best friend" to the NAACP. Biden claimed he asked for no endorsement, (snip) The real reason leaked out, though: That Obama didn't think Biden was up to the job.
Most Active Articles (last 48 hours)
Patton Oswalt Imagines Trump Supporters
Dying from Coronavirus
41 replies
Posted by Imright 3/11/2020 5:10:18 AM Post Reply
Comedian-actor Patton Oswalt posted a tweet on Tuesday in which he imagined supporters of President Donald Trump dying from coronavirus.The Ratatouille star joked that “MAGA” supporters infected with COVID-19 would be obsessed with the media’s treatment of President Trump as they coughed themselves to death. (Tweet) Oswalt was responding to an unsubstantiated claim that President Trump has asked Attorney General William Barr to launch a Justice Department investigation into the media’s coverage of the coronavirus.
Next Democratic debate to be held without
an audience, DNC and CNN announce
35 replies
Posted by NorthernDog 3/11/2020 9:38:31 AM Post Reply
Washington — The next Democratic debate set to take place in Phoenix, Arizona will be held without a live audience due to concerns about the spread of the coronavirus, the Democratic National Committee and CNN announced Tuesday. (Snip) In addition to nixing the live audience, CNN, which is hosting the debate with Univision, said it decided to eliminate the press filing center and spin room, where candidates and campaign surrogates speak with reporters following the debate. "CNN's top priority is the safety of our employees and community members. This extends to guests planning to attend or cover our debate on March
Schumer on Coronavirus: ‘We Are Very Worried
About the President’s Incompetence’
32 replies
Posted by ladydawgfan 3/10/2020 9:59:52 PM Post Reply
Tuesday during remarks carried live on CSPAN, Senate Minority Leader Chuck Schumer (D-NY) said the Democrats were worried about President Donald Trump’s “incompetence and lack of focus” regarding the fight against the spread of coronavirus. Now, I’m going to be blunt. We are very worried about the president’s incompetence and lack of focus on fighting the spread of coronavirus. We believe that his lack of focus, his hamstringing efforts to address this public crisis, and inflicting pain on the stock market. One word could describe thus far the administration’s response, incompetence.” He continued, “The best way we would tell the president,
Biden, on video, lashes out at Detroit
autoworker in profanity-laced gun dispute
32 replies
Posted by Imright 3/10/2020 1:08:19 PM Post Reply
Former Vice President Joe Biden got into a heated and profanity-laced argument with an autoworker Tuesday while touring a factory in Detroit, after the individual accused the Democratic presidential candidate of trying to take away his Second Amendment rights. "You’re full of sh-- ... I support the Second Amendment," Biden shot back, stressing he's not going to take guns away.The worker then told Biden, "You're working for me, man," and told Biden that he saw an online video supporting his claim that Biden is hostile to the Second Amendment.
Bernie's Hotel Rooms Must Be 60
Degrees, and Someone Must Stand In
Them Even When He Isn't There
31 replies
Posted by Judy W. 3/10/2020 10:13:59 AM Post Reply
It's good to be a socialist, if you're a party member, not one of the peons paying for the whole thing. (Snip) He hates the cramped hassle of flying commercial, aides say, even if going private doesn’t entirely comport with his brand. The list, distributed to aides in his entourage and shared with hotel employees, stipulates that his room must be kept at an arctic 60 degrees. That he needs an oscillating fan. Other wish lists have requested that written materials be removed. That the room must be at least five doors away from the ice machine and from the elevator, though the walk to the elevator must not be
Media launch veepstakes chatter:
Biden needs a woman, but which one?
30 replies
Posted by Pluperfect 3/10/2020 4:51:35 AM Post Reply
I found myself thinking over the weekend that with Joe Biden now favored to win the nomination, it won’t be long before the press starts the quadrennial veepstakes ritual. And yesterday—boom!—it arrived in spades. The coronavirus may be spreading worldwide, Wall Street may be having a bloodbath, and Biden has yet to beat Bernie Sanders in Michigan and other key states. But nothing stops the VP speculation. There’s an added twist this year, which is the widespread expectation—and, in some quarters, demand—that the Democratic running mate will be a woman.
Hunter Biden cites coronavirus,
wife's pregnancy to avoid deposition
until after Election Day
29 replies
Posted by ragu 3/10/2020 7:01:27 PM Post Reply
Hunter Biden's attorneys have abruptly asked the Arkansas judge in his ongoing paternity case to postpone his scheduled March 11 deposition until after Election Day, saying the coronavirus outbreak, his wife's "imminent due date" and "intense media scrutiny" all pose a risk of "personal endangerment" for the former vice president's son. Additionally, Biden's legal team argues he should not be held in contempt for failing to turn over a slew of financial documents related to child support. Republicans have said the information could contain damaging evidence of the younger Biden's overseas business dealings and possible corruption. "Defendant's wife's due date
Chelsea Manning survives suicide
attempt in jail, lawyers say
27 replies
Posted by Ribicon 3/11/2020 8:38:10 PM Post Reply
Chelsea Manning attempted suicide on Wednesday inside her Virginia jail cell ahead of a scheduled court appearance, her legal team said. “Chelsea Manning attempted to take her own life,” the legal team said in a statement to The Post. “She was taken to a hospital and is currently recovering.” The Army intelligence officer-turned-leaker has been held at the Alexandria Detention Center for nearly a year after refusing to testify before a grand jury that is investigating WikiLeaks. Manning, 32, was and is still scheduled to appear before a judge on Friday regarding a motion to squash the civil contempt sanctions that landed her in jail.
Dozens in Iran die from drinking
bootleg alcohol to prevent
coronavirus infection: reports
26 replies
Posted by DVC 3/10/2020 1:47:43 PM Post Reply
Dozens of people in Iran died after drinking industrial-strength alcohol amid rumors it would prevent them from contracting the coronavirus, according to reports Tuesday. The state-run Islamic Republic News Agency, or IRNA, reported Tuesday that 44 people had died from alcohol poisoning in the country after they "drank bootleg alcohol over rumors that it would be effective in treating coronavirus.” But the semi-independent Mehr News Agency reported a lower figure – at least 27 people dying in Iran from alcohol poisoning amid the coronavirus scare. Drinking, selling or buying alcohol has been outlawed in Iran for all citizens, except for some non-Muslim minorities, since the establishment of the Islmamic
John Barry, author of Great Influenza
bestseller, says coronavirus will be
very, very bad
26 replies
Posted by konocti95 3/10/2020 12:31:36 PM Post Reply
Don’t panic, but do be afraid enough to be very, very cautious. The novel coronavirus epidemic almost certainly will get a lot worse before it ever gets “contained.” That’s my key takeaway from an interview Monday evening with John M. Barry, author of the definitive work, The Great Influenza, on the flu pandemic that began in 1918. Barry’s research is so well-respected that he was appointed to the federal government’s official Board of Experts on Infectious Disease, and he now serves on the faculty of the Tulane University School of Public Health and Tropical Medicine.
Disorder in the courts:
Federal judge blasts Chief
Justice John Roberts
25 replies
Posted by DVC 3/11/2020 6:31:56 PM Post Reply
A federal judge leveled harsh accusations against Supreme Court Chief Justice John Roberts and the rest of the conservative majority, claiming that they are “actively participating in undermining American democracy.” Judge Lynn Adelman of the U.S. District Court for the Eastern District of Wisconsin blasted the Roberts-led court in an article titled “The Roberts Court’s Assault on Democracy,” set to be published in the Harvard Law & Policy Review. “[T]he Roberts Court has been anything but passive,” wrote Adelman, who was appointed to the bench by President Bill Clinton. “Rather, the Court’s hard-right majority is actively participating in undermining American democracy. Indeed, the Roberts Court has contributed to
Mayor of Minneapolis Declares March 10th
‘Abortion Provider Appreciation Day’
25 replies
Posted by Imright 3/11/2020 6:08:16 PM Post Reply
Minneapolis Mayor Jacob Frey (D-Minn.) made a declaration that March 10th will be celebrated in the city as “Abortion Provider Appreciation Day,” according to The Hill.In his statement, Frey said that “abortion providers like Whole Women’s Health deliver high quality care in the face of harassment and threats to abortion access at the federal and local levels.” He further added that he was “proud to recognize today as Abortion Provider Appreciation Day to celebrate Whole Women’s Health as an essential part of our community.”This is not the first occurrence of such an “appreciation day,” as Planned Parenthood previously celebrated a similar day in 1996.
Post New Article