Market Meltdown

[snakeplisskin]

Raise your hand if your portfolio DIDN'T lose 5 figures the past 2 days.

[JBourne]

[Midwest Player]

Just sick of this market. It's hard to believe I lost over $50,000 in the last 6 days. Can't do anything about it now. Just hoping this down turn won't be as bad as 2008.

I really feel sick when I look at my VLO stock. It lost 7.71% today. I purchased this stock at $70 just a few years ago, and just a couple of years ago it was as high as $126.98. Now it is trading at a little better than $66. However the dividend yield is now something like 5.47%. Don't know if they will have to cut the dividend.

Anyway, the only good news is my CD's are all now trading at a premium.

[DSchles]

Just sick of this market. It's hard to believe I lost over $50,000 in the last 6 days.

Wanna trade? I see your $50,000, and I raise ... you don't want to know!

Don

[snakeplisskin]

Wanna trade? I see your $50,000, and I raise ... you don't want to know!

Don

I'll see your re- raise and ...please pass the Alka Seltzer.

[21forme]

Wanna trade? I see your $50,000, and I raise ... you don't want to know!

That's what I was thinking, too. Also thinking a good buying opportunity is near.

Also, I think he does want to know. he's always been nosy with his polls and questions.

[Midwest Player]

Wanna trade? I see your $50,000, and I raise ... you don't want to know!

Don

I thought you once posted that after the 2008 crash you never got back into the stock market as much as you were before the crash. Anyway, I do remember you posting over at BJ21 that you sold a large part of your stock investments within something like 10 days of the market bottom in 2009. I think you said you were just sick of losing money.

Anyway for me the 2008 crash was pretty hard. I just took early retirement and was not old enough for social security. I had to make withdrawals from my 401(k). Today I can probably get by on my pension and social security without touching my investments. Besides my 401(k) is now about one third invested in a stable value fund.

[seriousplayer]

Just sick of this market. It's hard to believe I lost over $50,000 in the last 6 days. Can't do anything about it now. Just hoping this down turn won't be as bad as 2008.

I think you lucked out losting over $50000. I heard some people lost six or seven figures.

[tomf23]

I think you lucked out losting over $50000. I heard some people lost six or seven figures.

i wish i lost 7 figures this week. it would mean i have a lot more money than i actually do.

[21forme]

At least you're consistent, obsessing on short-term results.

[Wave]

Probably in 6 months this will all be forgotten.

https://www.marketwatch.com/story/he...ads-2020-01-22

[Sharky]

ah...liquidate...china, the 2nd largest economy, with japan close behind....i'll pass and sit this one out...spread is likely to get worse, including US, b4 it gets better...possible pandemic...schools over there are closing for months...unlikely to have Olympics, too...tried to bet...couldn't find.... liquidate and wait, imo...can't imagine you'll miss out on anything

[Meistro123]

You haven't lost anything unless you've sold.