General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsJust did a quick calculation on the Dow.
Down about 35% since Feb 12.
For those who have the following comments, I have the following opinions.
Q: How low can it go? It's already fallen 35% in a little over a month! A: It can go a LOT lower. It can drop 50% from its high in February, easily. Theoretically, it can go to zero.
Q: Why aren't you buying now? Stocks are on sale? A: You have no idea if they are on sale. Never try to catch a falling knife. There will be plenty of profit to be made on any potential sustained upswing. Don't be greedy, and don't try to time the bottom.
The Wielding Truth
(11,411 posts)Over and over. It took Obama and all the most helpfully intelligent people to save us last time. Can it be done again?.....
Initech
(99,915 posts)The Wielding Truth
(11,411 posts)captain queeg
(10,036 posts)no_hypocrisy
(45,774 posts)And if you bought on margin, you have to pay the balance of the price, e.g., 90% balance.
wishstar
(5,267 posts)A long term investor who had parked their money there at start of Trump, would still have come out close to even selling this week.
But those of us with a stash of savings when he came in and settled for measly 2.5% or 3% returns have about 10% more in our retirement accounts/CD's than if we had put our savings in stocks.
Wellstone ruled
(34,661 posts)then the market will turn. BTW,Margin Accounts are being called big time.