• Sign Up! To view all forums and unlock additional cool features

    Welcome to the #1 Dodge, Jeep and RAM Forum dedicated to SRT owners and enthusiasts. Register for an account, it's free and it's easy, so don't hesitate to join the SRT Forum today!

Time to pull out of the market

mopar madness

Active Member
Founding Member
Premium Account
Member ID
#1226
Messages
109
Reactions
166
Points
37
City
denton
State
TX
Country
United States
Vehicle
2016 hellcat challenger
#1
Looks like a good time to pull out,this week could be ugly
 

SilverBillet

500 Posts Club
Founding Member
Member ID
#1009
Messages
520
Reactions
991
Points
132
City
Warrenton
State
VA
Country
United States
Vehicle
2016 Charger Hellcat
#2
Why?
 

1971demon

1000 Posts Club
Founding Member
Member ID
#1122
Messages
1,913
Reactions
3,252
Points
162
City
Orchard Park
State
NY
Country
United States
Vehicle
2018 Demon 2016 Hellcat
#3
Looks like a good time to pull out,this week could be ugly
You realize...we are way ..way.. overdue..more substantial than what most would call a correction
 
OP
mopar madness

mopar madness

Active Member
Founding Member
Premium Account
Member ID
#1226
Messages
109
Reactions
166
Points
37
City
denton
State
TX
Country
United States
Vehicle
2016 hellcat challenger
Thread Starter #4
Dow Futures down almost 500 pts before opening bell, why, looming pandemic could cripple the world economy
 
OP
mopar madness

mopar madness

Active Member
Founding Member
Premium Account
Member ID
#1226
Messages
109
Reactions
166
Points
37
City
denton
State
TX
Country
United States
Vehicle
2016 hellcat challenger
Thread Starter #5
I lost 120 grand at the end of October 18 not paying attention to my retirement, not going to get caught again.
 

Hellcatcfp

1000 Posts Club
Staff Team
Founding Member
Premium Account
Donating Member
Member ID
#1027
Messages
1,292
Reactions
3,241
Points
162
City
Simi Valley
State
CA
Country
United States
Vehicle
2018 Dodge Charger SRT Hellcat
#6
I lost 120 grand at the end of October 18 not paying attention to my retirement, not going to get caught again.
That pull back at the end 18 was due to the Federal Reserve raising interest rates which caused that...all was back by March 19...and continued higher throughout 2019.

Corona Virus investment implications are a whole other level of risk. That is my biggest worry for this year...hard to time the markets but a good rule of thumb is watching the 200 day moving average.
 

DGatzby

1000 Posts Club
Founding Member
Premium Account
Donating Member
Member ID
#797
Messages
1,377
Reactions
2,776
Points
162
City
SW Twin Cities
State
MN
Country
United States
Vehicle
2019 Dodge Challenger Redeye WB
#7
IF people like us sell out 401k's today, they will begin trading (futures -700 now) them off today, your right the rest of the week will be horrible for numbers.
 

RedEye19FL

Active Member
Founding Member
Premium Account
Member ID
#989
Messages
295
Reactions
652
Points
117
City
Bradenton
State
FL
Country
United States
Vehicle
2019 TorRed Challenger RedEye
#8
We have enough in cash to sit out a market decline. I'm staying the course.
 

motorhead

1000 Posts Club
Founding Member
Member ID
#1061
Messages
1,487
Reactions
2,428
Points
162
City
Ottawa
State
Non-US
Country
Canada
Vehicle
2019 Challenger HC Widebody
#9
We have enough in cash to sit out a market decline. I'm staying the course.
The economy and stocks are all a bit of a farce in the way they function. Of course things will recover - because can you afford to have 350 million people forced into desolation? No, you can't.

This is one of those times to seize artificially inflated luxuries that temporarily collapse (housing, cars, etc) when everyone else goes into protectionist mode. Take advantage of those who are taking real losses.
 
Member ID
#1676
Messages
52
Reactions
74
Points
17
City
Pottstown
State
PA
Country
United States
Vehicle
2013 Dodge Challenger
#10
1582556629456.png

Yup
 
Member ID
#1676
Messages
52
Reactions
74
Points
17
City
Pottstown
State
PA
Country
United States
Vehicle
2013 Dodge Challenger
#11
1582556678231.png

The downstream effects of China's economy basically shutting down could be enormous.
 
OP
mopar madness

mopar madness

Active Member
Founding Member
Premium Account
Member ID
#1226
Messages
109
Reactions
166
Points
37
City
denton
State
TX
Country
United States
Vehicle
2016 hellcat challenger
Thread Starter #12
DOW down 3 percent and falling
 

Confuzed1

Active Member
Founding Member
Member ID
#1100
Messages
215
Reactions
337
Points
67
City
Go Pack Go
State
WI
Country
United States
Vehicle
2019 Hellcat Redeye Challenger Widebody
#13
DOW down 3 percent and falling
Man, you called that one right! Got no choice but to ride it out now. Dow ended up down over 1K points yesterday, and now over 500 points today. All the markets are freaked out over this virus and how its spreading....not to mention all the China import stuff is way behind since a lot of the workers over there are sick and quarantined.

Guess you could look at the only positive thing about this.....good time to buy when stocks are down.
 

DGatzby

1000 Posts Club
Founding Member
Premium Account
Donating Member
Member ID
#797
Messages
1,377
Reactions
2,776
Points
162
City
SW Twin Cities
State
MN
Country
United States
Vehicle
2019 Dodge Challenger Redeye WB
#14
Don't buy yet. This is not good.
 

Confuzed1

Active Member
Founding Member
Member ID
#1100
Messages
215
Reactions
337
Points
67
City
Go Pack Go
State
WI
Country
United States
Vehicle
2019 Hellcat Redeye Challenger Widebody
#15
Don't buy yet. This is not good.
No worries....if this keeps up, I won't have the money anyway...only choice is to wait it out and hope it bounces back.
 

DGatzby

1000 Posts Club
Founding Member
Premium Account
Donating Member
Member ID
#797
Messages
1,377
Reactions
2,776
Points
162
City
SW Twin Cities
State
MN
Country
United States
Vehicle
2019 Dodge Challenger Redeye WB
#16
It will I think, it always has in the past. This little PIA virus is really causing fundamental problems with business. Look around and think about no or few shipments from China and other countries around the world. How about the dudes on the ships/airplanes who must contact the other countries to move any products? What if it moves in right here at home? Some more senior people remember how quick buildings and homes may be quarantined in the US. It will be no joke. Sorry. It has happened before.

The financial markets have some real problems. Besides the ugly crater of money the past few days in equity values, there is a ton of money that WAS withdrawn from the equity markets in the past 48 hours looking hard for a home.
 

MikeD1

Active Member
Founding Member
Member ID
#1026
Messages
429
Reactions
766
Points
67
City
Central Florida
State
FL
Country
United States
Vehicle
2016 Challenger Hellcat
#17
Just remember the old traders adage - if you didn't sell anything, you haven't lost anything !
 

Markp

2000 Posts Club
Founding Member
Donating Member
Member ID
#968
Messages
2,052
Reactions
4,990
Points
252
City
Vaughan, Ontario
State
Non-US
Country
Canada
Vehicle
2019 Redeye
#18
Remember what Buffet has always said- “Be fearful when others are greedy, and greedy when others are fearful.”
 

DGatzby

1000 Posts Club
Founding Member
Premium Account
Donating Member
Member ID
#797
Messages
1,377
Reactions
2,776
Points
162
City
SW Twin Cities
State
MN
Country
United States
Vehicle
2019 Dodge Challenger Redeye WB
#19
Yep, I was reading all about that Tuesday bounce this morning. How did that work out?
 

1971demon

1000 Posts Club
Founding Member
Member ID
#1122
Messages
1,913
Reactions
3,252
Points
162
City
Orchard Park
State
NY
Country
United States
Vehicle
2018 Demon 2016 Hellcat
#20
It will I think, it always has in the past. This little PIA virus is really causing fundamental problems with business. Look around and think about no or few shipments from China and other countries around the world. How about the dudes on the ships/airplanes who must contact the other countries to move any products? What if it moves in right here at home? Some more senior people remember how quick buildings and homes may be quarantined in the US. It will be no joke. Sorry. It has happened before.

The financial markets have some real problems. Besides the ugly crater of money the past few days in equity values, there is a ton of money that WAS withdrawn from the equity markets in the past 48 hours looking hard for a home.
Can you say precious metals
 

Similar threads



Top