O/T Stockmarket plummeting

B

Blackpool Are Back!

Well-known member
Bad news for our pensions or those who have investments in shares.
I suppose on the other hand, it soon might be a good time to invest.
He who dares....
 
It's only bad if you have to cash in your chips at the moment
If you are regularly investing in a pension or savings you are probably buying at a large discount ATM. Today's falls seem excessive - initially 9% on top of last weeks 10% fall. It has bounced back a bit since.
 
It really depends if you're about to cash in during the next couple of months. Beyond that, things will start to recover once business gets back to normal. From a short term position, crude is tanking, so you should see it in petrol prices.
 
If you have cash just sit tight and wait for this madness to end - then go large on a S&P 500 ETF.

I am not responsible if it all goes wrong.
 
It's only an interim blip until this coronavirus settles down and/or disappears. Hold tight with your investments and don't look at how they’re performing like l did with mine last week OMG 😱🥵
 
Strangely, a good time to buy. I've already been hit by the Woodford Equity collapse so my pension has taken a battering.
 
Bring Back Standing said:
Bad news for our pensions or those who have investments in shares.
I suppose on the other hand, it soon might be a good time to invest.
He who dares....
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I was told of a conspiracy theory that Dominic Cummings is putting about the coronavirus to disguise the effect Brexit will have on the economy. Panic is to be encouraged.

The losses in share prices could have paid for HS2 and 3 three times over btw, just to give context.
 
Wizaard said:
I was told of a conspiracy theory that Dominic Cummings is putting about the coronavirus to disguise the effect Brexit will have on the economy. Panic is to be encouraged.
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I suppose the budget on wednesday could replicate the coronavirus fear, albeit on a much smaller scale.
 
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“If true”...what a load of Bollocks.

By the way there’s a conspiracy that the “Earth” is actually flat and if we buy too much toilet roll and sanitising products we will cause an imbalance which will tip it up and mankind will all fall off the edge as a result.Some say ” the guy” who went up in his own made rocket the other day to prove this but who died was actually “bumped off” by the sinister powers that be because they didn’t want this truth coming out😉
 
I wonder how our Simon is dealing with this?
Shrewd traders make money in a bear market, so I'm sold
Ordinary investors like me are told to sit tight so is there actually a lot of trade going on on a day like today?
Or is it just the "Wolves of Wall St" making a fast buck?
 
Pensions investments are long term. Once this virus thing is over the markets will start to bounce back. You only make losses if you sell now.
 
If I sold my portfolio of shares and investment funds, I would be 50 grand down. No panic though as I have seen it all before. I will pump in more when the crisis ends.
In the meantime, I have been shorting shares and great for day trading.
Tesla motors is my favourite at the moment.
Simon Sadler must be raking it in.
 
Indeed Graham.

When this looks like it’s nearly over or the markets start to climb again I am going in BIG time in an ETF in S&P 500.

However a word of warning to anyone on here the above is probably a long term position of maybe at least 5 years.

If you do the above and lose money it’s your own fault not mine.
 
Another warning is there will be a few false dawns called “Dead Cat bounce”.
as mentioned don’t catch a falling sword.
Once coronavirus is controlled, company results will suffer.
 
Glaxo Smith Kline is the only share that as remained relatively stable.
Could do really well if they develop the vaccine.
I think there could be another big drop tomorrow but waiting to top up on BP on sub £300 a share.
 
Interesting - not sure I would be touching oil at this moment.

Personally I am just going to wait and see for a while - this is not over in my opinion by a long way - I expect the S&P to go below 2300, maybe even lower.

Who knows though bud - it’s the worlds biggest Casino!!!
 
Cash is king at the moment - if you have cash to buy - a fortune ‘could’ be made.

The golden rule of any market is time - if you are in long enough you should be ok.
 
Lost quite a bit of value over the weeks,some hadnt fully recovered from the recession. Can see it being years till they hit top levels again and then there could be other hits. Still get my divis.
 
Also agree it will continue to fall. Wait until the start of a slight upturn, which will still be way below where they should be.
 
Fact is not one of you has a clue what will happen. All you are doing is quoting cliches and assuming the past will be repeated...no guarantee of that. The Markets could continue to fall or stabilise at a level much much lower than before or recover but not to previous levels or recover fully etc etc. Those with a portfolio, a pension, shares in an individual company etc will have been hammered and I hope things recover for you.
 
Bloodtangerine said:
Fact is not one of you has a clue what will happen. All you are doing is quoting cliches and assuming the past will be repeated...no guarantee of that. The Markets could continue to fall or stabilise at a level much much lower than before or recover but not to previous levels or recover fully etc etc. Those with a portfolio, a pension, shares in an individual company etc will have been hammered and I hope things recover for you.
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Indeed Blood, that’s why I call it the worlds largest Casino.
 
Big rebound this morning.
Another dead cat bounce as snippets of positive news are announced by Trump etc.
Good opportunity to short more shares once sentiment turns again.
 
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