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It did the trick. Everyone is talking about it and my friends are buying.
by 76543210 7y ago
It did the trick. Everyone is talking about it and my friends are buying.
- newfangle 7y agoI dont think its time to buy yet. If we have a multiple month disaster that requires quarantining most of the population the market will fall further.
- A4ET8a8uTh0 7y agoAgreed. The temptation is there though. I almost jumped in today to capture some of that, but then I saw that the things I would consider are still very much overpriced ( nnn, berkshire, apple ). I may end up being wrong, but it seems like we are not near bottom.
- sgc 7y agoDon't buy after the first big city is quarantined. Maybe after the second or third... But know you are taking an incredible risk unless you are using funds you can hold in that position for years.
- tasuki 7y ago> But know you are taking an incredible risk unless you are using funds you can hold in that position for years. Isn't that the case whenever one buys equities? Why is now special? It's definitely less risky to buy now than it was in January.
- sgc 7y agoYes, but I don't want to be the source of somebody doing something stupid.
- deleted 7y ago[deleted]
- frostyj 7y agocould be a bull trap
- kstenerud 7y agoWhen all of your non-trader friends are buying, it's not the time to buy.
- xsmasher 7y ago"You know it's time to sell when shoeshine boys give you stock tips. This bull market is over." ~ Joe Kennedy
- bengale 7y agoA bunch of people at my office got in last week when the cat bounced. Some sad looking faces today. Timing the market is a fools game most of the time, definitely right now.
- Analemma_ 7y agoWhen your friends lose a ton of money, introduce them to the concept of "catching the falling knife" [0] [0]: https://theirrelevantinvestor.com/2020/03/06/dont-catch-a-falling-knife/ https://theirrelevantinvestor.com/2020/03/06/dont-catch-a-fa...