Market crash! We have another Black Monday

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eeuunikkeiexpat
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Re: Market crash! We have another Black Monday

Post by eeuunikkeiexpat » Thu Mar 26, 2020 7:06 pm

But this time it's different.
There are two ways to be fooled.

One is to believe what isn't true;

the other is to refuse to believe what is true.

- Søren Kierkegaard

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KDnR
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Re: Market crash! We have another Black Monday

Post by KDnR » Thu Mar 26, 2020 8:34 pm

eeuunikkeiexpat wrote:
Thu Mar 26, 2020 7:06 pm
But this time it's different.
It's a classic. And every pick of the market they keep on repeating it

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41southchile
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Re: Market crash! We have another Black Monday

Post by 41southchile » Wed Apr 29, 2020 7:34 am

Feels like a dead cat bounce at the moment, these last few weeks of a rising market is making me nervous, been going since the beginning of April it seems investors could be overly optimistic considering what lies ahead. This story isn't done yet. A mini rebound before an almighty crash in a few weeks/month?
“Facts do not cease to exist because they are ignored.”

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Re: Market crash! We have another Black Monday

Post by KDnR » Wed Apr 29, 2020 8:24 pm

We are completing the bounce. Than they will say that we should follow the rule:" Sell in May and go away."

I have done great last month in CV plays, about to get out and look for some short plays. Market is so predictable :)
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admin
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Re: Market crash! We have another Black Monday

Post by admin » Thu Apr 30, 2020 9:39 pm

I am actually up about 5 to 10% on my picks at the start, not counting I started taking profits in early january and February and reinvesting for the storm. Even my missed "bottom" by about 10 to 20%, has recovered and in the green. I also have my share of bad bets, that will recover someday, but I kept everything well diversified under thesis that no one has any idea how this all turns out.

I really have been ignoring the market, under the thesis: if you don't fix the health situation, everything else is bullshit.

My biggest winner: real estate in southern Chile
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Re: Market crash! We have another Black Monday

Post by admin » Thu Apr 30, 2020 9:41 pm

FYI, I believe we are in the first wave, of a four wave tsunami.

as we learned in 2010 the hard way, it is not the first wave that gets you. It is the one after they sound the all clear signal, you have returned home, and started relaxing that gets you.

so cash is king.
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41southchile
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Re: Market crash! We have another Black Monday

Post by 41southchile » Mon May 04, 2020 4:57 pm

Well Buffet's out of airlines, sold all his positions in the big airlines in U.S, they all sank heavily today .
From the article
To sum up, Buffett invested in US Air, apparently broke even, advised himself never to invest in airlines again, ignored his own advice, and lost money in 2020.
https://www.forbes.com/sites/tedreed/20 ... -airlines/
“Facts do not cease to exist because they are ignored.”

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Re: Market crash! We have another Black Monday

Post by admin » Mon May 04, 2020 7:40 pm

well let's see if anything becomes of this, but it is pretty much repeating the 1910 - 1939, and we all know how that ended.

https://mobile.reuters.com/article/amp/idUSKBN22G0BZ

trump full throttle to break supply chains with china.
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41southchile
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Re: Market crash! We have another Black Monday

Post by 41southchile » Tue May 05, 2020 10:55 am

admin wrote:
Mon May 04, 2020 7:40 pm
well let's see if anything becomes of this, but it is pretty much repeating the 1910 - 1939, and we all know how that ended.

https://mobile.reuters.com/article/amp/idUSKBN22G0BZ

trump full throttle to break supply chains with china.
The most informative paragraphs in that are the last 4 .
Trump is full of hot air and bullshit mostly, always has been and always will be, unfortunately lot of people buy the bullshit. Looking to shift the attention from the countries biggest screw up in 100 years (a hard task, so he has to talk big and look like he is doing something). In saying that . I do believe their will be a major militay confrontation with China and US in coming decade , not sure it will be the apprentice that will lead the charge though , he wont be in this earth most likely when that happens.
“Facts do not cease to exist because they are ignored.”

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