Market in the toilet who’s buying?

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Seems like a great time to buy, oil has tanked same with just about everything besides Netflix and PornHub. Anyone else buying or thinking about it?
 

amm5061

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Still contributing to my 401k, so yeah. We're about to the point where you should absolutely buy. I think there's a little left to drop, but this is going to come roaring back once the kung flu passes. There are no underlying financial problems here like there was in 2008/2009. It's all panic over the virus.
 

Stryker

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With a 10+ year horizon to retirement, I am still buying on a regular biweekly basis into my 401k and taxable accounts - all market index funds.
Keeping the course so to speak.
Been here before multiple times and trying to time the upswing and downswings has always ended with me being wrong in the past
 

Stryker

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The 3-5 year returns from the bottoms of bears markets are usually pretty decent
No idea when the bottom will be reached though


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Brook Trout

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Certainly thinking of dumping in some extra, in addition to 401K. The wife and I are each maxed out on 401K " catch-up" which means 26K each for 3 years now. Trying to see the bottom, I don't think it's here yet.
 

citoriguy

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I think we have another 1-2K points to give yet, and I’m still in buy mode too. 401(k) and direct investment. The opportunities for loss harvesting over the next several months/year will be great when the market turns back around.
 

headednorth

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Im thinking the inevitable bounce will be impressive but imo (Im a nobody, financially speaking) this is the first leg down in a bear market. Ive been taking very small positions in virus related plays. CLX, ODP, GIS, KR, VSTO, OLN. This shutdown is going to be a huge blow to businesses and consumers that will take a while for people to recover from. Also it seems like people are still selling everything they can get their hands on so even decent names may still get hammered.
 

new guy

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Muppets are still buying.

What light are you guys seeing at the end of this tunnel? The bubbles have all popped - where were prices before they were inflated?
 

Boris

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I'd love to buy but I don't have the cash. May be once Donny writes off those 1k$ checks I can afford some shit.

I'm in at 18,000. This will be a once in a generation buying opportunity.
I'm not sure about that. PE ratio got completely detached long time ago so stock market is effectively a ponzi scheme based on finding more fools. If this Corona virus doesn't bring us to reality, another one will. China has been coming up with viruses for a while now. Corona has been just the latest one, but swine flue, sars ... we got a pattern here that's just getting bigger and bigger.
 

Boris

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Muppets are still buying.

What light are you guys seeing at the end of this tunnel? The bubbles have all popped - where were prices before they were inflated?
prices for what? Stocks used to be valued based on dividents. Now they are valued based on them costing more next week. It's pure speculation.

This is like paying millions of dollars for a cow. A cow can only produce so much milk. People are buying cows not for the milk, they are buying thinking that someone would buy that cow for even more money tomorrow. That's not even a bubble, it's pure speculation.
 

Evadd

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prices for what? Stocks used to be valued based on dividents. Now they are valued based on them costing more next week. It's pure speculation.

This is like paying millions of dollars for a cow. A cow can only produce so much milk. People are buying cows not for the milk, they are buying thinking that someone would buy that cow for even more money tomorrow. That's not even a bubble, it's pure speculation.
It's been done before...
Holstein Missy sells for $1.2 million - Ponoka News
 

Dennis in MA

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I've done two sets of buys so far. Holding off at this point. I thought there would be SOME sense in the market. None. People are just cray-cray. Gonna hold off until people settle down some. If it means I don't get a 3rd buy, I'm OK with that.
 
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XOM is at its tech-bubble lows fwiw.
That’s one I have been eyeing also, Chevron was looking good too, my buddy is offshore drilling for them and they are balls to the wall as of a couple days ago, usually if they see any longevity of cheap foreign oil they pull the rig crews
 
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We're in a chicken market- everyone sells, people buy the dip, things go back up, people sell profit, dip again...

I'm not smart enough to know where the bottom is, but I am smart enough to know that we're just starting this thing and at best we're a quarter deep into this problem
 

mwalsh9152

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This was going to be my year of trying to get my savings back up after a massive depletion of buying and working on the house, and then a boat last year. I may have to change my strategy. I'm putting 12% into 401K, but I may have to move some funds into the IRA. If they do the 2k per person stimulus, I'll have 8k on top of that to pour in.
 

Obie1

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What
prices for what? Stocks used to be valued based on dividents. Now they are valued based on them costing more next week. It's pure speculation.

This is like paying millions of dollars for a cow. A cow can only produce so much milk. People are buying cows not for the milk, they are buying thinking that someone would buy that cow for even more money tomorrow. That's not even a bubble, it's pure speculation.
What? You are now using Bernie language. "Wall Street speculation." You mean investing? Investing in a company is not like buying a cow, it's more like buying the future possibilities of growth. Cows can produce more cows; more cows can produce more milk; more milk brings in more money. I bought my first stock in 1980--100 shares of the Chase Manhattan Bank. Forty years later, dividends all reinvested, even with the last few weeks of downturn, it's worth more than my house.
 

PaulR

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I've re-loaded by TD Amertrade account and I'm ready to go in. Sub 20K came so fast, I may do as-above and wait for 18K.
We have to reached the peak of the virus yet, I think we have farther to fall.
When the market turns, it will turn on dime however: we get this under control and it will shoot like a rocket.

XOM, Chevron, what else? I'm looking for bargain ideas. Solid blue chip / dividend stocks at lows?
 
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