Here's a MWP-like poll. This is an anonymous poll.
>$1 miilion
100K-999K
10K-99K
0-10K
I made money!
I'm down about 10 to 12%. I'm a believer in using stop losses and 4 kicked in. I also had a couple of short positions which provided a good hedge. But at this point, have to wonder if its too late to sell current holdings. Probably not at a bottom, but it could be close. I expect the market to turn before the virus numbers peak. That's just the forward looking nature of the market. But if we do get 20% unemployment, any turnaround won't be swift. And a real tough scenario is uptrends during secular bear markets, like we saw a few times in 2000-2002.
I was short going in to it (getting my face ripped off on the way up). Big gain on the way down. Now carefully balancing exposure.
Looking for market >50% down to get very long. The economic tide is going out and we are about to see who has been swimming naked.
I moved to mostly MM just after the first crack so have avoided most the collapse. Still, 7% down from the peak holdings. I was pretty concerned hearing this morning about the Fed injecting funds into the MM as a preemptive measure to avoid any "breaking the dollar".
We're down 12% off the peak, but on the sidlines waiting to get back in. Still ahead about 15% when considering 2019 gains, and we'll make up the 12 plus make some more (maybe an extra 11 or 12%) on the way back up...granted who knows how long that will take, so it's not that bad for us. Since the casinos are closed and I can't play, I'm seriously considering investing my bankroll.
Any suggestions for an on line trading service?
Last edited by Wave; 03-20-2020 at 01:49 PM.
Agreed.
The downturn has been unreal. Much faster than 2000 or 2008. Right now we are down:
S & P: 32% from a peak on Feb 19
Dow: 35% from a peak on Feb 12
We could be looking at a long secular bear market. What gets real tricky is the big uptrends that can happen during a secular bear. We saw a couple of 20% gains in the 2000-2002 bear market.
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