Originally Posted by JOD
Originally Posted by JeffKeryk
Dow is up over 9%.
I guess we are back where we are not supposed to be?
Hang on team; stay the course.
Jeff, you seem like a smart guy and I agree with a lot of what you have to say...
I think you're dreaming. None of the fundamentals that lead to the fall have changed--they're only getting worse.
-we're months away from a functioning economy here
-supply chains are still mangled
-the global situation is getting worse, exponentially (better in part of Asia)
-corporate debt levels still out of control
The mid-term affects of 20-30% unemployment haven't really been seen yet. Yes, things will certainly get better. The question is "how long will it take, and how quickly". I just don't think one can say "it will be fixed by Easter" and have it be so. We're going to have 2 quarters of terrible numbers being released, at least. How will the markets react then?
I'm holding most of my assets, and I'll stick with than plan and play with the day trades. Was glad to get TSLA @ 360 and BA at 97, since they're long-term winners, IMO. Took a loss on VDE but doubled down on it. I think there is opportunity out there. On whole though, I'm seeing a hard road ahead.
JOD, I was making a light hearted joke; trying to take the edge off.
"I guess we are back where we are not supposed to be?"
We have been on this incredible market run since 2008. Now due to an unexpected (and unprepared for) major issue, things have changed.
I 100% agree with you, we have a long way to go. Anyone who doesn't must know some secret...
From a 50,000 foot level, I am expecting market volatility for 8 more weeks, at least, depending on the big issue.
Then perhaps a start to return to some stability.
The world will continue to recover, slowly for at least the rest of the year. And beyond.
From an investing standpoint, I would hope we have all learned our lessons.
I am staying the course; not selling and not buying.
I appreciate your kind words, and again, I agree we have a long way to go.
By the way, just after it went public, I almost bought 1,000 shares of TSLA @ $30.
Partially because I believe in Silicon Valley and Elon is just crazy enough to pull off a world changer.
But what do I know? I'm just a lowly computer programmer.
Until measuring is achieved, uncertainty rules and the market does not like uncertainty.