Anybody Buying Yet? Where’s the Bottom?

[Irrelevant]

Corrections allow opportunity to make some bank.

Yep, but when is this more than a correction, specifically?

 

[TOGIE]

Corrections are normal part of the market. This market was very highly priced historically. Corrections allow opportunity to make some bank.

this being a correction implies that something was previously askew.

this is a reaction to something being made askew

 

[BuzzH]

For all the Cramer followers. Easiest call in the history of the market and he blew it. If he was my financial planner and/or I hired him for an economic show, I'd fire him, right now, no question.

Only thing he got right, he's a sucker.

 

[brymoore]

Yep, but when is this more than a correction, specifically?

Bear market is 20% lower than the high. S&P is ~17% down from the high.

Monday?

 

[stealthy_bowman]

For all the Cramer followers. Easiest call in the history of the market and he blew it. If he was my financial planner and/or I hired him for an economic show, I'd fire him, right now, no question.

Only thing he got right, he's a sucker.

He’s just a showman. If you look at his calls over the years, he certainly hasn’t beat the S&P.

 

[Bonasababy]

Cramer?

The guy to follow...of course he's dead, but his legacy lives on...you'd also find Buffets recommendations for safe investing for normal folks to be awfully similar...

 

[MTGomer]

For all the Cramer followers. Easiest call in the history of the market and he blew it. If he was my financial planner and/or I hired him for an economic show, I'd fire him, right now, no question.

Only thing he got right, he's a sucker.

As of February, The Inverse Kramer Index averaged 11.9% return over the previous 5 years

 

[Treeshark]

this being a correction implies that something was previously askew.

In my opinion, the market was askew in the fact that it was overvalued and has been for a while. But I agree, recent governmental actions certainly did not help.

 

[Sytes]

 

[Irrelevant]

As of February, The Inverse Kramer Index averaged 11.9% return over the previous 5 years

I love that that's a "thing"

 

[mevertsen]

I'm definitely excited to see silver dropping. I like buying American Silver Eagles.

I noticed this to. Thought about starting a new thread, but figured just asking the question to this reply would be easier.

Any idea why silver is going down (gold even dropped a little too), when the stocks are going down as well?

The gold / silver ratio is spreading, which makes no sense either.

I've been watching it for a while, but can't make sense of it.

Edit...

I do buy a little silver. Most often as stocking stuffers, kind of a fun tradition thing every year, but I'm no truly a large investor or hoarder of silver either.

 

[TOGIE]

I noticed this to. Thought about starting a new thread, but figured just asking the question to this reply would be easier.

Any idea why silver is going down (gold even dropped a little too), when the stocks are going down as well?

The gold / silver ratio is spreading, which makes no sense either.

I've been watching it for a while, but can't make sense of it.

Edit...

I do buy a little silver. Most often as stocking stuffers, kind of a fun tradition thing every year, but I'm no truly a large investor or hoarder of silver either.

It’s truly a good question.

I suspect it’s largely due to silver’s wider industrial uses compared to gold which would see far more hits in the world of broad tariffs. Could also be investors offloading gains and the flight to bonds?

I’m not exactly silver hoarder either, but I’m more recently committed to getting a stack of 20 ASEs a year and maybe some other fun things occasionally. Mostly for the fun of it and to have a cool thing to pass down to grandkids hopefully someday. That’s what my dads dad did and I thought it was really cool. Most of my silver and gold came from him.

I do pretty much only buy through Costco. Executive membership gets you 2% back and Fidelity CC gets you 2% back so you nearly always come out under spot price.

 

[Sytes]

"It’s Far Better to Buy a Wonderful Company at a Fair Price Than a Fair Company at a Wonderful Price" - King Buffett.

 

[RG300]

my 401k just dropped almost 10K yesterday,

that was before Fridays loss, (yesterday) now my balance is down $19,581.
several friends have said not to panic or sell .....stay the course & see how this plays out. (weekend negotiations may help)
Several others are incensed that Trump has "Killed America"
If Trump is right, America will be in better position later.....its just a matter of how long & what happens between now & then.

 

[brymoore]

that was before Fridays loss, (yesterday) now my balance is down $19,581.
several friends have said not to panic or sell .....stay the course & see how this plays out. (weekend negotiations may help)
Several others are incensed that Trump has "Killed America"
If Trump is right, America will be in better position later.....its just a matter of how long & what happens between now & then.

I’m down 6 figures. I haven’t, nor want to, do the math.

I’m still holding strong as Nero plays his violin.

 

[RG300]

I’m down 6 figures. I haven’t, nor want to, do the math.

OUCH.....I am so sorry....

 

[brymoore]

OUCH.....I am so sorry....

Ebb and flows are part of investing. I’m still only down ~17% from peak. I’m buying into the market still. I just hope I don’t get any more cheap stock deals in the future.

 

[Knighted]

Any idea why silver is going down

My guess is because a lot of silver is used in industry and manufacturing which may slow down if we enter a recession

 

[MTGomer]

Ouch. I just checked mine.
what a kick in the dick.
Just keep buying. It’ll come back eventually.

 

[Misguided]

(weekend negotiations may help)

He’s playing golf