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32,330 days

C

Cap'n Geech

Redshirt
Aug 15, 2018
613
0
0
That's how many days the Dow Jones has been open. 32,328 of those days were better than today. Down 13%.
 
Seinfeld

Seinfeld

All-American
Nov 30, 2006
11,676
7,955
113
This is really getting to the point of being hard to wrap your head around. I don’t think a sell off surprised anyone being that the market has just been waiting for a reason to dip for a lengthy time. That said, nearly 30% in under 3 weeks? Holy cow...

I don’t have any right to be telling anyone what to do with their money, but something tells me that the same people taking their lumps by continuing to dump their investments are the same ones that really can’t afford to be taking these losses
 
horshack.sixpack

horshack.sixpack

All-American
Oct 30, 2012
12,215
9,601
113
The market is pretty fundamental except when it is emotional. Pandemics, and really just any kind of mass uncertainty, causes the market to be incredibly volatile. Once this virus is better understood and the US curve for infection move off of parabolic, the market will begin to correct again. Keep and eye on the VIX curve and keep whatever liquidity you have in place until it settles down. Better yet, go get a good RIA and let them worry about it.
 
R

RocketDawg

All-Conference
Oct 21, 2011
20,197
2,942
113
I think you're right that it'll settle down after the panic period is over. In fact, now may be a good time to invest while leaving current investments alone. Doing the opposite of what I do usually works out better though. ;)
 
M

maroonmania

All-Conference
Feb 23, 2008
11,365
1,149
113
RocketDawg said:
I think you're right that it'll settle down after the panic period is over. In fact, now may be a good time to invest while leaving current investments alone. Doing the opposite of what I do usually works out better though. ;)
Click to expand...

Yep, the old buy low sell high philosophy is pretty tried and true when it comes to the market. Most folks have to go against their natural inclination though to ever pull any money out when things are going gangbusters.
 
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