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Old 05-27-2020, 12:54 PM   #421
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Whiffle?

huh?
REWAHOO humor.
You will get used to it.
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Old 05-27-2020, 12:59 PM   #422
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Don't temp the market gods...
ok I won't
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Old 05-27-2020, 01:01 PM   #423
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REWAHOO humor.
You will get used to it.
I wish I didn't waste brain power trying to figure out the dreaded word lol
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Old 05-27-2020, 01:04 PM   #424
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I wish I didn't waste brain power trying to figure out the dreaded word lol
Yes, you can run yourself crazy with this stuff. Try dropping the ell off your wheel.
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Old 05-28-2020, 08:50 AM   #425
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Millionaires are hesitant to buy stocks amid gloomy market outlook

https://www.marketwatch.com/story/mi...ook-2020-05-28
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Old 05-28-2020, 10:37 AM   #426
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Millionaires are hesitant to buy stocks amid gloomy market outlook

https://www.marketwatch.com/story/mi...ook-2020-05-28
This millionaire is yawning, doing nothing (as always), and saying "Wake me up when it's all over".
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Old 05-28-2020, 12:34 PM   #427
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This millionaire is yawning, doing nothing (as always), and saying "Wake me up when it's all over".
??
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Old 05-28-2020, 01:29 PM   #428
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Admins will have to remove that tampered text to save us all.
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Old 05-28-2020, 01:29 PM   #429
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??
So is W2R being creative here?
I think we will give her a pass.
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Old 05-28-2020, 01:36 PM   #430
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I think you should all notice the Dow dropped 200+ points as you where talking about this Whiffle thingy. Just a hint of W2R's power.
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Old 05-28-2020, 01:41 PM   #431
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Whee!
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Old 05-28-2020, 01:49 PM   #432
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I do not have a magic ball but feel strongly that we yet to see Dow lower than 20,000, probably lower than 18,000. Why? Because the pandemic will not be over and done with till working vaccine is not just developed but produced in sufficient numbers and administered to most of our population and it is not possible within few month. What if reopened factory has one infected employee? The entire plant could be shut down in quarantine for 2 weeks. Let's assume it is a supply factory for a bigger one to assemble the final product, then other involved factories also would not work in chain reaction for the lack of assembly parts.
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Old 05-28-2020, 02:09 PM   #433
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??
Quote:
Originally Posted by Dtail View Post
So is W2R being creative here?
I think we will give her a pass.
OK, sounds good to me!

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I think you should all notice the Dow dropped 200+ points as you where talking about this Whiffle thingy. Just a hint of W2R's power.
Oh ffft. It's STILL ~25,400. You ain't seen nuttin' yet.

I'm still gonna do nothing until the next time I need to rebalance.
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Old 05-28-2020, 05:44 PM   #434
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I do not have a magic ball but feel strongly that we yet to see Dow lower than 20,000, probably lower than 18,000. Why? Because the pandemic will not be over and done with till working vaccine is not just developed but produced in sufficient numbers and administered to most of our population and it is not possible within few months.
I agree with you VFK.
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Old 05-28-2020, 06:35 PM   #435
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Do you know where support level is at ?
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Old 05-28-2020, 07:06 PM   #436
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Millionaires are hesitant to buy stocks amid gloomy market outlook

https://www.marketwatch.com/story/mi...ook-2020-05-28

Unfortunately for me there is no useful information in an article like this. It's simple, the best returns are realized by buying at the lowest prices. Stocks don't get cheap when everything looks rosy. History has shown us that stocks get cheap when the future looks crummy, or as the author says "amid gloomy market outlook"

If I was young and still in the accumulation phase I would be praying for many periods like the one we just went through....for me, where I am now, I just rebalance into the pain or euphoria to maintain my chosen AA and risk tolerance level and go on with my life.
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Old 05-28-2020, 07:31 PM   #437
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??
OMG!
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Old 06-05-2020, 07:12 AM   #438
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Unemployment rates have fallen to 13.3%, much lower than the expected 19.8%. Futures are naturally up this morning. The only way 18k will be achieved is if there is a severe covid crisis 2nd wave and states not being prepared for it (which seems unlikely).

https://www.reuters.com/article/us-u...-idUSKBN23C0E9
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Old 06-05-2020, 07:19 AM   #439
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Unemployment rates have fallen to 13.3%, much lower than the expected 19.8%. Futures are naturally up this morning. The only way 18k will be achieved is if there is a severe covid crisis 2nd wave and states not being prepared for it (which seems unlikely).

https://www.reuters.com/article/us-u...-idUSKBN23C0E9

It will be interesting to see if the momentum stays throughout the trading day, or if other information/media commentary tempers or eliminates the enthusiasm.
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Old 06-05-2020, 07:27 AM   #440
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I am more curious on the midterm unemployment rate trends (next 6 months) to see whether it continues to go down, how fast it will go down, and at what level it will flatten (vs pre-covid).
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