What Did You Buy Today?

[fenders53]

(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 

You greatly under-estimate the damage to our economy from the destruction of small business.  The GOV can't save them all fast enough so we'll have to hope this economic shutdown ends soon, which frankly I am pessimistic about.   It's going to take longer than 3-5 months to sort this out for most areas of the economy.  The US economy is resilient.  We'll recover in the end.  I still have most of my core DGI holdings.  I have no problem adding or trimming 10% when it makes sense.  The only point of that is lowering my basis because I have no hope my port is going straight back up anywhere near our recent ATH.  If it happens, great because I am invested heavier than in equities than most here I suspect.  You stated a week or two ago you have been trading pretty much completely in and out of the market this year.  Why did you do that and expect me to be bullish now? Even "Shorty Otter" still has his DGI port except for a few Div cutters he evicted. I have that same rule. "Pay me or I will dump you" lol.

I'm enjoying the debate Trouble-maker Guru started lol.