[quote=spdrun]Nope. The markets were set for a fall with or without coronavirus. Impeachment, Brexit passing, and a general bubble that’s primed to pop. Donnie Boy finally blew his “big, ugly bubble” … 25% annual rise in the S&P 500 without a real rise in fundamentals. Market peak was 17 January, before coronavirus was a big deal in the US media.
I’m not happy about coronavirus — I will be happy if the economy gets us a social democrat as President this year, not a wrecker like Trump. We need public health insurance, more trains (beautiful trains), and cheap education, not $400 billion a year flushed down the toilet on military adventurism. Someone like Sanders would fix a lot of problems caused by the bad governance and military homicide sprees of the past 19-odd years.[/quote]
Oh please. you speak like you know what you are talking about if you did, you would have been better off sticking in things on an index fund for the past decade and financially done way better than what you have been unsuccessfully trying to do all these years since you first started posting on piggs. Because every year, just like some of you Uber bears, you tried to time a stock market crash, thinking the next big one would make you gobs of money to retire, it didn’t and so you pushed out your hope for that crash the next time, only to be disappointed again. that’s why you keep posting “here’s to a market crash” almost every year since you’ve been here. Meanwhile, just about everyone that did a drip investment all these years, diversified , paid off loans, paid off homes, live free and clear and still left things in the market for the long term have emerged way better than you have trying to time the markets. Because while some people were able to add a 3rd, 4th, 5th property these years, pay them off, you’re still wishing for that big crash before getting your next one. You’re looking forward to a 280 drop after how much the markets have climbed????? And of course when the markets were closing all this time , conveniently you were MIA on this board because you probably got butt hurt that you’ve been wrong all this time and didn’t want to get reminded of it. Just like if all the sudden that -280 pt plunge ends up turning only into a -50pt by the end of the day or actually turn green this week, you will silently disappear again like you did last time when the markets dipped -180pts and came right back the next day. I call it how it is.
For this virus to make a long permanent dent in the economy would require this thing to be a huge epidemic. Not even SARS had an long effect on the markets. IF that did happen and this was a huge epidemic… everyone has a lot bigger problems to worry about. you might be sick and end up dead anyway. Lol on thinking that people dying is going to make housing more affordable. If that were true, those of you wishing for that , if it were to happen, would probably end up dead too.
Oh well, I’m ready, I’m not afraid of death..Already came close a few times. You?
It kinda reminds of those times when we had all those fires in San Diego. There was this guy at work that no one liked who said a few times the fires were good since it would bring down home prices so he afford one. And then a few years later, when we had a even bigger fire, I heard from an ex coworker that he did end up buying a house in RB that ended up burning down in the subsequent fire…. So I don’t think you want to go there.
