(03-31-2020, 11:56 AM)fenders53 Wrote:

(03-31-2020, 09:31 AM)divmenow Wrote: Bought WM and added a big position in STOR

Added to IRM and RTN

Has it been a couple weeks already lol.  I don't believe your lies anymore.  I don't believe mine either.  Had to work today. Can't trade

Now you have stocks at reasonable prices. So why not buy now??? The market always looks ahead right? I keep hearing we will be testing the lows, were in a bear market, stocks need to correct more. Blah, blah blah... Do we all have crystal balls? If so they seem to be broken 

(03-31-2020, 01:10 PM)fenders53 Wrote: Because the earnings misses will be epic and a lot of companies are taking on enormous debt level that may harm them.  Those are the most important reasons to me. History also says bear markets last longer than a couple weeks.

(03-31-2020, 01:10 PM)fenders53 Wrote: Because the earnings misses will be epic and a lot of companies are taking on enormous debt level that may harm them.  Those are the most important reasons to me. History also says bear markets last longer than a couple weeks.

(03-31-2020, 01:26 PM)divmenow Wrote:

(03-31-2020, 01:10 PM)fenders53 Wrote: Because the earnings misses will be epic and a lot of companies are taking on enormous debt level that may harm them.  Those are the most important reasons to me. History also says bear markets last longer than a couple weeks.

Its like 3 to 5 months lol. The market priced in like 3 years. We already know earnings won’t be anything special for at least 2 quarters. You don’t need to be a genius to figure that out  These companies will be just fine. The government won’t let them fail. At least not the big guys. And the ones that go away will be small companies in your neighborhood. Some retailers like Gap and Macy’s. The movie theaters and things like that. These are different times now. Better buy before you get left behind 

(03-31-2020, 01:40 PM)Otter Wrote: Small businesses generate 44% of America's economic activity.

80% of American workers live paycheck to paycheck.

Real wage growth has been stagnant to negative for over 35 years for over 90% of American workers.

Consumer debt as a percentage of GDP has dropped roughly 25% from its all-time highs in 2008 (from 100% to 75%), but is still at historically elevated levels (higher than it was in 2001).

Who buys the stuff from the big guys when the consumer is tapped out?

(03-31-2020, 01:48 PM)stockguru Wrote:

(03-31-2020, 01:40 PM)Otter Wrote: Small businesses generate 44% of America's economic activity.

80% of American workers live paycheck to paycheck.

Real wage growth has been stagnant to negative for over 35 years for over 90% of American workers.

Consumer debt as a percentage of GDP has dropped roughly 25% from its all-time highs in 2008 (from 100% to 75%), but is still at historically elevated levels (higher than it was in 2001).

Who buys the stuff from the big guys when the consumer is tapped out?

Again you must think this is the great depression era. This is all short term. Sure we will take hits. But we will always come back from blow, after blows. That's what makes America great, And these small businesses get supported more then you will ever know. My husband own 3 cafe's and our community is a strong one and we give back to them and we can always count on there support. In the past 3 months our traffic sales are down 12% which is not bad. We do what we can to keep our business growing. Delivery is one thing we started. Best of all we have not laid off any employees. Sure we cut hours back. But that's what you do to survive. We will come back strong. Coffee and bakery goods everyone loves 

(03-31-2020, 01:40 PM)stockguru Wrote:

(03-31-2020, 01:26 PM)divmenow Wrote:

(03-31-2020, 01:10 PM)fenders53 Wrote: Because the earnings misses will be epic and a lot of companies are taking on enormous debt level that may harm them.  Those are the most important reasons to me. History also says bear markets last longer than a couple weeks.

Its like 3 to 5 months lol. The market priced in like 3 years. We already know earnings won’t be anything special for at least 2 quarters. You don’t need to be a genius to figure that out  These companies will be just fine. The government won’t let them fail. At least not the big guys. And the ones that go away will be small companies in your neighborhood. Some retailers like Gap and Macy’s. The movie theaters and things like that. These are different times now. Better buy before you get left behind 

Haha this is fun. I'm just glad I have this forum to read while I'm stuck in the house all day 

That makes sense. I don't' see as many companies going under as to some are saying. Sure some restaurants, maybe some consolidation in the airline industry, entertainment companies. But for the most part companies will come out of it just fine. This isn't the Great Depression lol. I'm sure we will all look back and as always wished we bought in these times. I see so many people, businesses helping companies, employees in these tough times. Look at go me fund. OMG its crazy how many people are giving to help others over the past few weeks. America is great and will be great again. I'm very comfortable buying stocks here. And some i will leave alone lol

Fenders just wants us all to sell because he has all that cash burning a hole in his pocket lol     But the truth is he know's as much as I do as to where we are headed from here. His guess is as good as mine   haha

What did you buy today Fenders??  Come on don't be shy   I hate to make a move in the stock market without seeking your counsel first.

(03-31-2020, 01:26 PM)divmenow Wrote:

(03-31-2020, 01:10 PM)fenders53 Wrote: Because the earnings misses will be epic and a lot of companies are taking on enormous debt level that may harm them.  Those are the most important reasons to me. History also says bear markets last longer than a couple weeks.

Its like 3 to 5 months lol. The market priced in like 3 years. We already know earnings won’t be anything special for at least 2 quarters. You don’t need to be a genius to figure that out  These companies will be just fine. The government won’t let them fail. At least not the big guys. And the ones that go away will be small companies in your neighborhood. Some retailers like Gap and Macy’s. The movie theaters and things like that. These are different times now. Better buy before you get left behind