100 dead in the US

it happens every 5-10 years, people who convince themselves that the market will only go up finally realize their colossal stupidity, panic, and then it falls off a cliff.
Fortunately for reasonable people, they go from an extreme to another, so it's time to buy what they oversold. Within a few years, they push it to unreasonable levels again, then it's time to sell and keep the cash for the next crash.
Done it several times already (asian crisis, dot com bubble, subprime crisis, debt crisis) and it became my job. I was a well-paid engineer, but just a few days every 5 years investing in stocks pays more. I wouldn't be surprise if I make several millions € out of their fine mess here.

TUMBLING DOWN TUMBLING DOWN TUMBLING DOOOOOOOWN

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Capitalism is unsustainable. All it needed was for life support to be shut off for a week for it to go terminal.

Printing money does not help when the problem is supply chain disruption. Unlike money, central banks can't magic non-existent parts that need to be imported from other countries into existence.

7000 point drop in 2008. This one already dropped 10000 and might go even lower.

they having parties. this was on friday, saturday and sunday.

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How do you do this?

>The march of history
Nope. They never learn. We will see this again in a few years.

what is this?

Noice. Literally new Italy.

Where and when was this exactly?

This is happening here too. I think we're just undercounting the cases.

Where's the super sayan edit?

How much did you initially invest?

Everything is shut down retard, you can't even go to these stores of course they are going to drop and keep dropping

concert for a Welsh band called the Stereophonics.

scmp.com/lifestyle/entertainment/article/3075717/chinese-social-media-shocked-huge-concerts-go-ahead-uk-amid

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I want to get sick then go into a crowd of 100,000 and COOF.

1. Wait for a big panic (we are here)
2. Buy several stocks of companies you expect will survive and have a working economic model (I bought energy, food stores, furniture, cultural products, legalized gambling, defense companies). Doesn't really matter if you pick the very bottom or not, it's cheap anyhow.
3. Wait patiently till it goes up again. Depending on how it fell and how lucky you were at catching the bottom, 2 to 5 times the initial amount
4. Sell - resist the temptation to delay, it's gonna crash and you won't get a warning in time

Simple as that. You have to wait for a big crash though. Even if some companies end up struggling or even failing, since you spread over many the rockets will cancel the duds.

Why don't Trump just donate $20,000,000,000,000 to the stock market and make it healthy again?

Don't remember, it was around 1990 and we used Francs then, not euros. Plus, inflation.
Coincidentally, my first big hit was "the Mexican crisis". Of 1993 I believe.

dead in the US
that's not the point you slack jaw moose jockey
we don't have the medical infrastructure, trained officials or proper equipment to deal with this.

we probably have hundreds of thousands infected. But we can't be sure because we have a shortage of test kits, we can't be sure.

I always had the idea of doing this once I finish college and get a job. Wish I had money now.

Daily reminder

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It's completely out of whack. I stopped buying two days ago, since then my stocks keep either climbing, then drop midday or the opposite.
It's going nowhere as a whole but I see stuff like -28% or +20% in a day. Then it's gone the other way a day later.
France forbade short selling for one day for the hardest-hit companies, then extended it to all companies for a month, but this didn't help.
People are running around with their hair on fire - meanwhile I bought at bargain prices and will wait 1-2 years to reap massive profits.
If it raises, I win and if it falls, the governement and/or central bank will pour money to stop it.

This proves that the market is highly emotional.
However, there are some legitimate reasons for this. Many industries are basically on halt -- they're going to make very, very little this quarte.

>bailout
Retard, it's a loan. Banks aren't getting that money for free, they have to pay it back + interest. It has nothing to do with the markets. It's a liquid injection to prevent the economy from seizing.

fpbp

outdated, needs updating

bro...

Nice, I wish I was smarter in this aspect when I was younger. I stupidly wasted a lot of time (and money) gambling for a couple of years but I finally realized that I should invest in stocks.

I hope it all works well for all of us.

Imagine being infected with corona, collecting your spit in a spray bottle and spraying it on people, haha.

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I live near a reservoir. I've always dreamed of getting AIDS and collecting my blood in jars over years and then pouring it into the water supply. Even in high school I joked about getting AIDS and putting my blood into the school's water system so people will drink it out of water fountains.

This whole thing just exacerbate me wanting to infect people.

>Many industries are basically on halt -- they're going to make very, very little this quarte.
Yes, but this was priced eight days ago already, after several days of debacle.
Since then, there was the massive crash of Thursday and the sizeable one of Monday.
I bought profitable companies who will come back to normal (and will get help from the government to weather the storm - they get to pay their taxes and energy bills later once it's over, and their employees get paid with public funds for a while). I had them with a PER of 5, sometimes less. Those are large, recognized brands with decades old histories and bright prospects.

>Gambling
>Playing with stocks

Same thing desu

how many of these have you started today?

>I stupidly wasted a lot of time (and money) gambling for a couple of years but I finally realized that I should invest in stocks.
You should have invested in the company running the gambling.
The French government privatized the national lottery last november, this is such a gold mine that even with this panic, the stock is still higher than the initial price.
It's like being Don Corleone, except you don't have to bribe the cops since it's legal, and nobody will shoot you.

Bug chasing faggot

You can't get AIDS like that, idiot.

Gambling: you lose unless you're very lucky
Stocks in period like these: you win unless you're very unlucky

These opportunities are rare though, I've been waiting since 2013 for that baby. The size of this one made it worth the wait though.

blah fucking blah muh imaginary numbers and graphs. i get it. the world is ending. there is no hope

2008 crash was caused by a foundational issue with the market, 2020 is not comparable as there is an external force depressing the market instead. It will bounce back on a fiendish low-buying spree once corona is taken care of.

Since this thread was made (30 minutes ago) Dow Jones has dropped another 300 points.

What the FUCK did he mean by this???

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I have stocks in VOO (index) and MGK (tech ETF), should I panic sell I already lost 7k

We haven't even hit rock bottom yet.

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Yes. However, now that trading is largely computerized, it's not possible for "normal people" to wait for good news to buy - it will be too late.
Buy now, it's low and if you're lucky, it's even near the lowest. Else, it will drop more but you'll still be making a huge profit once it climbs back.

Don't sell, buy if you've got cash.
Then patiently wait for the climb up.

Why retards can't understand that you buy when every retard is panicking and you sell when everyone is buying?

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The economy will rebound 100% dude. I would hold. But then again I am a 24 year old, clueless, broke student who has never invested in anything except gold so don't listen to me maybe.

Why doesn't everybody does this? I'm don't know much about this stuff, but it seems that it's a temporary thing since the coronavirus itself is temporary and its effects non-apocalyptic.

the system is unraveling

So glad chiense are going to be able to buy up more property in our countries brother

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The rebound on this will be huge once covid is gotten under control. There is no core market problem driving this, it's economic slowdown caused by the virus.

Once things are taken care of with the virus people are going to start mass buying these dirt cheap stocks, probably throw us right into a bubble.

Yeah some housing markets are fucked now.

It's a good thing! We should celebrate!

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>Why doesn't everybody does this?
Fund managers often just can't. Once a loss becomes too serious, they're under an obligation to sell (else, their clients may lose more money than allowed).
Professionals work with 3 months as their horizon. If you can work with 5+ years (recommended for the stock market), you have a lot more freedom.
Professionals have clients to report to, so they can't show up with abyssal losses. I myself, have on occasion booked huge losses - but since I didn't sell, they later changed into profit.
As a matter of fact I'm at -40 k€ at the moment (I bought in 4 waves, but too early at first). But unfazed - I was happy with the initial prices, then got more stocks for even cheaper.

that house would cost like 20k here.

They didn't learn from 2008
I doubt they'll learn from this one

Appreciate it while you can, the chinese plague is coming to a town near you

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Don't listen to anyone ITT who's telling you to step in and bid. Stay in cash.
The fact that the word "volatility" is not mentioned even once in this thread speaks on how unsubstantiated the advices are here.
Pic related is an oc. It's good.

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dump them the market has more to drop.