Fed Cuts Main Interest Rate to Near Zero, to Boost Assets by $700 Billion
(www.foxbusiness.com)
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I can't wait to watch the markets react to this.
Be careful what you wish for. It was already baked in. I think with all the store closures and latest media hype markets will be down tomorrow. Hopefully not 10% or more again.
Another 10% down means another 10% profit if you buy now, right? Depending on your time horizon 10% could look like the best time to buy. I've been mulling over purchasing $EPR because of the monthly dividend and because it's at a severe discount. Down to $33 from $80 because they manage the properties for a lot of movie theaters, eat and plays, and ski resorts.
If this coronavirus thing blows over in the next couple of months the growth potential has some upside.
If you're talking a lot of money averaging sounds better. Buy some more each week for the next 1-2 months. You'll either save a little on the shares over time or pay a little extra for hedging the position this way. There could still be a substantial price drop from here depending on how the next month plays out. Markets are more likely to drop substantially in the short term than explode higher. I'd try to keep some dry powder around in case the markets really fall off a cliff.
No. This is foolish and assumes the market will always go up. You could buy tomorrow and lose 50% by August. The market could stay flat for 20 years like the Nikkei did.
If that happens the money he spent on the stocks would be worthless anyways. US manufacturing is up, so is American productivity.
Be prepped for doomsday; but be poised to make bank if it isn't doomsday.
You're right about markets potentially staying flat...but I'm speaking of one specific stock in particular.
As an example Visa's stock price low during the 2008-2009 crisis was under $20 and it wasn't because they were struggling, they actually had solid financials. Now the stock is sitting over $170. Finding the companies that have decent financials during a down market aren't always easy to find but if found they can pay off down the road.
You can average down by buying in bit by bit though.
The futures hit their stopgap last night. It’s going to be a slaughter today.
This fed stuff has already been baked in and will do nothing to prop the market up.
Everyone has to just ride it out and hope that some normalcy comes back to business (supply chains and transport).
Thursday was a great time to buy in some. I expect us to drop lower than that though so I’m just buying in bit by bit.
He did what he wanted. This is due to irrational market forces. Not sure if these moves are going to help at all. Hopefully it will slow the fall a bit.
IMHO, only the end of the coronavirus outbreak will fix the markets.
The best thing for the economy would be for everyone to get it already. It'd be terribl terrible death and chaos at the hospitals for a month; but the markets hate the uncertainty
Futures have been pretty accurate these last 3-4 weeks though. I wouldn’t be surprised if we hit circuit breakers again tomorrow. But if we do I expect another huge bounce like Friday sometime after. Circuit breakers and algos have helped stem the fall.
NO. Dow futures went from -175 to -1000 as soon as the press conference was over. Last time they cut rates the market went down.
I think it wouldn’t have been as bad if they waited until the scheduled meeting on the 18tg but who knows.
Which press conference? Powell’s?
Lol, the exact opposite
Limit down
yes
moon
corona virus cucked