stock market crash

[Old Greg]

That's right, in the midst of a lockdown we're all about to go out to the cinema. Utilities however... no one is going to use them again!

A lockdown you say?? And when did this shocking news become known to the market?

[genius]

MCL is flying today. Sorry you guys all missed the boat.

[scooterscot]

There'll be opportunities galore as the debt loaded greedy get washed out...


Coronavirus: World economy 'may face double recession'

The world economy already faces an economic downturn worse than the Great Depression.


But this could be followed by another “possibly much worse downturn”, according to the Economist Intelligence Unit (EIU).


World governments are giving trillions of dollars in stimulus packages to help prop up their economies.


Sovereign debts that they are racking up may push the global economy into a second recession, the EIU warns.


Earlier this week, the International Monetary Fund (IMF) said the world economy would shrink at its fastest pace in decades, raising fears it will be the worst recession since the 1930s Great Depression.


The EIU now says there is a risk of a subsequent recession, driven by a debt crisis from governments with weak balance sheets.

[Whorty]

This sentiment is exactly the reason I'm a buyer. Remember contrarians do the opposite of the herd. Just you wait...

You said last week (or was it the week before) only idiots would be buying stocks at this time, it's time to sell and buy into commodities (even though what you posted up was a company who deals in commodities and you was actually talking about buying their stock).

Are you now saying we should all buy stocks and not sell? Has the market moved so much in 2 weeks that your whole strategy has flipped?

[ChimpMaster]

You said last week (or was it the week before) only idiots would be buying stocks at this time, it's time to sell and buy into commodities (even though what you posted up was a company who deals in commodities and you was actually talking about buying their stock).

Are you now saying we should all buy stocks and not sell? Has the market moved so much in 2 weeks that your whole strategy has flipped?

Come on Whorty, you said it yourself. Keep up with Scoot's comments: first he says that only idiots would be buying, then he goes out and buys. Ergo - he has proven to be an idiot.

Not that we needed any further proof anyway.

[scooterscot]

You said last week (or was it the week before) only idiots would be buying stocks at this time, it's time to sell and buy into commodities (even though what you posted up was a company who deals in commodities and you was actually talking about buying their stock).

Are you now saying we should all buy stocks and not sell? Has the market moved so much in 2 weeks that your whole strategy has flipped?

Yes, long term stocks are toast. But you can make profits in a bear market, requires good technical skills and no emotion.

[DimPrawn]

Yes, long term stocks are toast. But you can make profits in a bear market, requires good technical skills and no emotion.

Technical skills, like timing the market based on a chart?

Oh no, you don't time the market do you?

Don't even know why I'm posting this, you wouldn't even meet the standards of a village idiot....

[scooterscot]

No, timing markets is emotional behaviour. Making money is a marathon not a race.

[genius]

Yes, long term stocks are toast. But you can make profits in a bear market, requires good technical skills and no emotion.

Whats your definition of long term? How long are you holding Centrica?

[DimPrawn]

Whats your definition of long term? How long are you holding Centrica?

Until he makes a profit, duh.

It's simple, you choose something everyone is selling (be contrarian) and then buy it and hold it until you are rich. It cannot fail.