Home › Forums › Financial Markets/Economics › Sheer blindness
- This topic has 25 replies, 8 voices, and was last updated 4 years, 7 months ago by
FlyerInHi.
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March 24, 2020 at 10:43 AM #22821March 24, 2020 at 10:46 AM #815940
scaredyclassic
ParticipantI’d say long on guns.
We are all gonna want plenty of ammo to shoot our even more desperate neighbors and countrymen
March 24, 2020 at 11:18 AM #815945
svelteParticipantI’ve been trying to look back in time and see why it wasn’t obvious too. From this vantage point, it is hard to believe that just two weeks ago we really didn’t know this was going to happen. I read the March 16th Bloomberg magazine again this morning and it wasn’t even hinting at something like this (granted it had probably been written a week earlier).
Things changed very very fast but as you say – how could we have not seen it coming with China and Italy doing a lockdown? It seems as obvious as the nose on our face!
But then I remember that if I yanked my money out every time I worried about a threat to the economy, I’d yank it out several times a year. And that’s no way to invest, as Rich so astutely points out.
Still my biggest regret is that someone came on Piggington just a week before the big Great Depression crash and told everyone to get out now. I didn’t listen. Boy was that guy right. I’ve never been able to find that post again, but I certainly remember it.
March 24, 2020 at 1:24 PM #815955ParticipantWe see what we want to see and we hear what we want to hear
March 24, 2020 at 1:52 PM #815957FlyerInHi
GuestYou’re so right scaredy. We should have seen it coming. The shutdown in Italy was when we should have moved to all cash.
March 24, 2020 at 5:37 PM #815963ParticipantWe were much slower
I was getting notice of all kinds of local business closures, still no reaction in stock mkt
Is the market actually efficient?
March 28, 2020 at 9:13 PM #816022
barnaby33ParticipantYes, but for whom?
JoshMarch 29, 2020 at 9:27 AM #816026ParticipantEfficient in the sense that stock price reflects all information knowable
March 29, 2020 at 2:05 PM #816030outtamojo
ParticipantOur info was either from the right wing pundits who downplayed the covid19 threat or the left leaning sources who were labeled alarmists. What would we have done had we access to the non public intelligence briefings people like Burr had access to?
March 30, 2020 at 10:17 AM #816056barnaby33ParticipantEfficient in the sense that stock price reflects all information knowable
Ahem, no. It is more efficient for those with first access to information. Its a big club and you ain’t in it!
JoshMarch 30, 2020 at 10:40 AM #816057Participantefficient market theory would disagree, but I have no idea what reality is.
March 30, 2020 at 11:46 AM #816060Guest[quote=scaredyclassic]efficient market theory would disagree, but I have no idea what reality is.
https://en.wikipedia.org/wiki/Efficient-market_hypothesis
[/quote]Yeah… that’s what they taught me first economics class in college.
I think the markets are more about momentum.
Like the invisible hand in allocating resources. Not that efficient right now, haha
March 30, 2020 at 12:56 PM #816061Gunslinger
GuestHe who dwells in the shelter of the Most High
will abide in the shadow of the Almighty.
I will say to the Lord, “My refuge and my fortress,
my God, in whom I trust.”Psalm 91
March 30, 2020 at 2:53 PM #816064svelteParticipant[quote=Gunslinger]He who dwells in the shelter of the Most High
will abide in the shadow of the Almighty.
I will say to the Lord, “My refuge and my fortress,
my God, in whom I trust.”Psalm 91[/quote]
Great the man who gave us these intelligent insights has now “found god”:
[quote=Gunslinger]
More nonsense. Here is the key part of the article the punk omits.
[/quote][quote=Gunslinger]
This discussion reminds me of a joke I heard over the holidays. President walks into a Congressional Meeting and says we just killed 1/2 a million Iraqi’s and a beautiful blonde. The Majority leader stands up and asks “Mr President…why did we kill a beautiful blonde?” The President turns to the Secretary of State and whispers “See, I told you…..no one would care about the 1/2 million Iraqi’s”
[/quote][quote=Gunslinger]
Serious question. Are you a gay man?
[/quote][quote=Gunslinger]
What utter nonsense from a lazy punk pulling facts out of his rear end.
[/quote][quote=Gunslinger]
My, My, My…arent you the gal who ripped me for suggesting such a thing exists. Just the tip of the iceberg here. Enjoy life in your bubble.
[/quote][quote=Gunslinger]
Not afraid to get my hands dirty as I recently retired from the LAPD and need something to fill my time outside of golf, sailing and gun shows. Where are them house that gal was talking about?
[/quote]March 30, 2020 at 3:23 PM #816065NeetaT
ParticipantNothing changed for me. Half of my money is in cash. The other half is in equities, bonds, precious metals and my paid off condominium. I took no action. The biggest hit I took was a beating on my High Yield Bond ETFs (Junk Bonds).
I am just pretending that I lost all my money with the exception of the cash and my condominium so that I will not worry about the other assets for at least another 10 years. I actually hope my condominium’s value decreases so that I can reassess for a lower property tax. On the bright side, my cash is worth more now at least for the short term. -
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