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- Thread starter SoapyCy
- Start date
15k seems possible. I dont see how they can pump enough sunshine to make the market happy. The whole world is sliding into recession and confidence will fall as this spreads.
I originally thought you were crazy saying wait for 16k...now I’m thinking you are pretty close on it.
legit question for 401k, is it wise just to keep it in what it risk level wise (high is currently high for me) or put it in the lowest level risk? It almost feels like its dropped enough that I might as well wait for it bounce back, while if I went to lowest risk I wouldnt reap the rewards of the bounce-back as much.
I wouldn't move anything out of stocks right now. You'll permanently lose whatever equity you lost from the recent crash.
Unless you sold at 27K you should just stay the course. You don't want to get conservative at the low point and miss the ride back up. I have 75% of my 401k as cash right now. Just have to figure out when to get back in.
Exactly, I cashed out 80% of my stock in January. Im just waiting to see how bad it can get before shoving all my chips in.
If you rode this to the current bottom, I’d stay put and keep buying in more when the time is right.
Going to feel weightless going over that first opening hump. Then we pull about 3g's during a sharp v shaped recovery while they take lots of selfies. Hopefully no one jumps off the ride.
I hope you're right. Only hope China keeps Corona under control and starts its buying. Otherwise, look out for 10K.
Fed cut rates to zero today and stated it would buy $700 billion in Treasury and mortgage bonds. This signals the Fed is very concerned about the effects on the economy and recession due to coronavirus and shutdown of our society. I am about 5 years away from retirement. In the past year i have reduced exposure to stock in my 401k (50%). About a year ago, I bought gold for the first time ever (something I though I would never do). Also bought long term treasuries which have gone up in value as rates fell. Wish I did more of those trades. I think it will be difficult to retire in a falling stock market and zero interest rates. If I were younger, I would be aggressively buying equities in a 401K. Years from now, this will probably be a "blip" in the long term stock chart.
If you have a solid base and an income that can satisfy the life you want, nothing wrong with locking it down.
Stock futures (both Asian and U.S.) are down even after the rate cut.
https://abcnews.go.com/Business/wireStory/stock-futures-sink-rate-cut-virus-restrictions-69611389
Not surprised. Figured the virus would override everything. At best it would stave off 10 minutes. Right now it’s not 1% lower rates that will keep businesses afloat, it’s a matter of weathering a massive slow down. You know this thing will over react and give tremendous opportunities, the problem is, where do you start?
by giving the public a sense that there’s an adult in the room making decisions.
Never bet against a guy who owns his own printing press (long term, until he runs out of paper). But that's good news.
Futures have a 5% limit and were halted. Everything is being hammered including gold and silver. Bonds were down in yield a bunch but then went back towards unchanged, these are KEY.
