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Thread: Market Meltdown

  1. #1


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    Market Meltdown

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

  2. #2
    Senior Member JBourne's Avatar
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    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.

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

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    Quote Originally Posted by Midwest Player View Post
    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

  6. #6


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    Quote Originally Posted by DSchles View Post
    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.

  7. #7
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    Probably in 6 months this will all be forgotten.

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

  8. #8
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    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

  9. #9


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    Quote Originally Posted by DSchles View Post
    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.

  10. #10


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

  11. #11
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    Quote Originally Posted by Meistro123 View Post
    You haven't lost anything unless you've sold.
    Wrong.

    You may not have lost the number of shares you hold if you have not sold...OR MADE WITHDRAWALS FROM YOUR ACCOUNTS...but you have lost value on each share you hold. People that are retired and are making monthly withdrawals from their accounts have lost significantly because the fixed dollar amount they withdraw every month ALSO REDUCES THE NUMBER OF SHARES THEY HOLD. If their shares are of less value, it takes more of them to equal the fixed dollar amount they are withdrawing every month. Your statement would only be true at the point which the market value returned AND if you held the same number of shares at that point.
    Last edited by Wave; 02-29-2020 at 10:45 AM.

  12. #12


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    Quote Originally Posted by Wave View Post
    Wrong.

    You may not have lost the number of shares you hold if you have not sold...OR MADE WITHDRAWALS FROM YOUR ACCOUNTS...but you have lost value on each share you hold. People that are retired and are making monthly withdrawals from their accounts have lost significantly because the fixed dollar amount they withdraw every month ALSO REDUCES THE NUMBER OF SHARES THEY HOLD. If their shares are of less value, it takes more of them to equal the fixed dollar amount they are withdrawing every month. Your statement would only be true at the point which the market value returned AND if you held the same number of shares at that point.

    Obvioulsy, you are not retired and making monthly withdrawals from your accounts.
    That's not to mention those who buy on over geared margin as they may well have had margin calls and possibly have been forced to sell.

  13. #13


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    Quote Originally Posted by Wave View Post
    People that are retired and are making monthly withdrawals from their accounts have lost significantly because the fixed dollar amount they withdraw every month ALSO REDUCES THE NUMBER OF SHARES THEY HOLD. If their shares are of less value, it takes more of them to equal the fixed dollar amount they are withdrawing every month.
    However, the retired members here can make up for all of that. They can go to the casino every day using a 1 to 5 spread and when they are up or down 8 or 9 units they walk swiftly for the door, just like you do.

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