Dow hit limit up. This is getting so crazy.
I have a beginner's question.I have never followed the market so I only know the very basics of how it works. In the past 2-3 weeks, as I've been following the market more closely, one thing I wonder is how did we get to this place.My understanding is, that as general rule the market is always up in the long term. Once the crisis is over, in this case Corona, everything will more less get back to normal.So why do people panic? Are most trades on the market not long term positions and they create the volatility?
On @EliJelly recommendation I went all in on the close. I am going to make billions tomorrow!!!
I am afraid to check. Am I rich?
Translation, he checked and saw it was down
call me crazy but at this point i would invest in the market. Dow at 19,751. I don't think its going too much further down.
Call me crazy but it will go into single digits (sub 10k). I am 99.999% sure we have not seen the worst.
I refuse to call you crazy on this account. I might call you crazy for other reasons, but I think your call is right. No reason to believe this doesn't end in a total decline of 60% or more.
Why is the dollar getting killed?
The Dow will still go a long way down, but the airlines, ugh, I can't look at blood.
Nothing is rational at this point. However the prospect of major money printing to finance the emergency measures might be a reason.
Yet PM are also down. Might be a case of liquidating whatever is available.
+1. we're in for a depression, not a recession.
