Author Topic: Did we just here a bell?  (Read 6898 times)

Kaegi2011

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Re: Did we just here a bell?
« Reply #40 on: March 24, 2020, 05:41:08 PM »
Is it really an uptick or is it another "dead cat" bounce?

Deadcat bounce.

Until you have clarity on what the virus' impact will be on earnings, the fear of the virus will drive more selling IMO.

I agree.  However, these rallies can be volatile and go on longer than than one would expect.  I know I was taken for a few rides during 08/09 when I thought coast was "all clear" and I basically end up being the sucker that top ticked the bounce.  So this may go on for another 5, 10, 15% - who knows, but I don't think what we've seen this cycle is even close to representative of an usual bear market (e.g., much slower grind down vs. just a massive drop in the span of a couple of weeks). 


Spekulatius

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Re: Did we just here a bell?
« Reply #41 on: March 24, 2020, 06:22:04 PM »
My next-door neighbor told me this morning from his front porch that he sold everything for him and his wife today - which will be this afternoon's closing price because it was all open ended mutual funds and index funds.  They are one year away from retirement and they just couldn't take it anymore.

Sigh...we humans are our own worst enemy.

It might be a wise decision if further market erosion would impact his retirement plans and he can live with what he got at this point. Plus he got out on a strong up day, so there is that.
Life is too short for cheap beer and wine.