(Total Views: 288)
Posted On: 03/12/2020 10:22:39 PM
Post# of 63773
Re: Steel Reserve #61734
I hear its the time to buy yet a lot of people are still holding the bag. A few people closer to retiring say they will have to work more since this crash. These are the baby boomers and there are a lot of them.
I was looking at the wall street crash 1920-1932 (see link below) vs a monthly chart from 1993 to now. Its a little spooky how the dollar values are so close.
Look in the LINK:
1918 the flu created a small dip into the ~80's
1919 bounced back to ~110
1921 dip back to ~70
1924 was the BO>125
1929 DJIA the HH@375
The SPY
2002 tech bubble S@82 ~2yrs to hit bottom
2008 housing market S@70 ~6mo to hit bottom
2013 BO>150
2020 SPY HH@339
Note'87 market crash took 3mo to hit bottom, yet I don't recall the reason.
I'm figuring 3-9mo to get back in long term or closer to 200 SPY yet that depends on a cure.
The SPY took a little longer to get near over the 330 mark so not as aggressive yet this is a bigger drop than the prior one. The coronavirus case are just going to keep rising because of infection and the don't subtract the healed. Sports and events are going to stop for a while.
I think we are waiting on modern medicine for the magic shot! The shot that will cure everything. However in these times we just can't hand out shots. There has to trials and it will have to go through the medical phase procedure and that just takes time! I'm assuming back 100 years ago there was no medical trials like there are now! Is that why the flu didn't create this panic drop or was the market not as top heavy as it is today! I wish I had a way to see the future. Yet I feel like some of those baby boomers are pulling out and sticking there money under there beds or safer places. Or will it be like chicken pot and we just need to get exposed and get over it. Either way its interesting and time will tell.
Link: http://athenaandkim.weebly.com/stock-market-crash.html
Wall street crash
I was looking at the wall street crash 1920-1932 (see link below) vs a monthly chart from 1993 to now. Its a little spooky how the dollar values are so close.
Look in the LINK:
1918 the flu created a small dip into the ~80's
1919 bounced back to ~110
1921 dip back to ~70
1924 was the BO>125
1929 DJIA the HH@375
The SPY
2002 tech bubble S@82 ~2yrs to hit bottom
2008 housing market S@70 ~6mo to hit bottom
2013 BO>150
2020 SPY HH@339
Note'87 market crash took 3mo to hit bottom, yet I don't recall the reason.
I'm figuring 3-9mo to get back in long term or closer to 200 SPY yet that depends on a cure.
The SPY took a little longer to get near over the 330 mark so not as aggressive yet this is a bigger drop than the prior one. The coronavirus case are just going to keep rising because of infection and the don't subtract the healed. Sports and events are going to stop for a while.
I think we are waiting on modern medicine for the magic shot! The shot that will cure everything. However in these times we just can't hand out shots. There has to trials and it will have to go through the medical phase procedure and that just takes time! I'm assuming back 100 years ago there was no medical trials like there are now! Is that why the flu didn't create this panic drop or was the market not as top heavy as it is today! I wish I had a way to see the future. Yet I feel like some of those baby boomers are pulling out and sticking there money under there beds or safer places. Or will it be like chicken pot and we just need to get exposed and get over it. Either way its interesting and time will tell.
Link: http://athenaandkim.weebly.com/stock-market-crash.html
Wall street crash
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The majority of my post are the top 20% gainer! To decode them its (ticker ID, % Changed, Volume, Close price and Float) I typically put V,C&F as a prefix to that number and use K, M and B as a suffix (Kilo, Million & Billion) for volume and float. I may also use S for Support and R for Resistance.
I (Znewcar1) do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
I (Znewcar1) do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
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