Stock Market update: Everybody panic!

[Onkel Neal]

Originally Posted by Onkel Neal on 03-12-2020, 05:02 PM

Want to try and call the bottom?

I say 18,400.

Well, assuming the market cvan be considered stabilized and another abrupt drop could be called a separate crash, the bottom was 18,591.93 on 3/23.

Of all the guys here who called the bottom, I was the closest. Hmm... I was also the only one who took a shot....

[Skybird]

It aint over before the fat lady sings.

Inflating the money volume by such ammounts as they do now, will not go without consequences. Trillions and trillions, all ficnanced on tick, with money not balanced/countered by any materiual sdafeties. Oh dear, kneel and beg for your children's pardon. Or did you really think the real economy value already has digested all the blows it got delivered in past three months...? The fiscal and economic fun has just started.

Stock prices will soar - because they seek desperately what to do with all that flood of devalued money. Since the money got and gets more, and got and gets less valuable - stock and asset prices go up.

Or I say it with Warren Buffet. Buffet is known since longer time now to not buy anything anymore. In recent days it was reported that he has started selling in bigger style than in the past couple of months since last year. He even takes the risk of hoarding ever growing mountains of cash money. This tells me he does not trust the offers the market presents. I don't either. The risks in stockmarlets has grown over the past years continously. savers and ionvestors gets almost bullied into accepting ever growing risks. Risks that since two, three years I have seen as incalculatable. They< turned investing into casino gambling, to buy their craeers some more time and delay judgement day of debt-money system.

When the only safety guaranteeing the value of money, are debts, when debts become the currency - then there is an explosive problem in it all. The fuse is burning. The smoke is already everywhere in the social and communal system as well.

[Rockstar]

Crispin Odey


https://www.msn.com/en-us/finance/ma...al/ar-BB14mzFN

Crispin Odey, one of Europe’s highest-profile hedge fund managers, said that governments may ban private gold ownership if they lose control of inflation in the wake of the coronavirus crisis.

[Rockstar]

https://www.bloomberg.com/news/artic...policy-meeting
What to Watch as China Unveils Stimulus in Policy Meeting

[mapuc]

I can't remember if I have mentioned it before.

When it comes to our economy in the world and things like stock and bonds and other money related things connected to our economy......

....our leaders need to totally rethink on how this shall be done in the future.

It will be hard, ´cause Human have a gene which I call the greedy-gene
In some this gene is strong, while in others it's weak, but we all have this gene.

To be honest I'm not so good to explain things-but our leaders need to rethink/rearrange the mechanism behind the economy in our world

Markus

[Col7777]

Well I'll be honest I know next to nothing about the Stock Market but a couple of months ago I decided to invest on a monthly basis.
I did it through my bank online, at first it grew very slowly, then it went down then up, and it has been like that ever since, I checked today(21/05/20) and it has gone up.
I did read not to invest through a bank but I looked online and to be honest I hadn't a clue what it all meant on some of these websites so I went through the bank.

Each month I put money in (£25). I once did this years ago through the bank at work and I kept getting a cheque that varied in the amount, I got short of money one time and cashed it all in.

I look in my bank online and some days it has dropped then a couple of days later it has gone up again, like I say, only been doing it a couple of months so I'll wait and see what happens.

Col.

[Col7777]

Well a bit of an update, I cancelled my ISA with the bank because I stumbled on a website that made trading very easy.
There is a practice mode that they recommend you to gt on first if you are new to buying stocks and shares.
They give you 50.000 Dollars, Euros or Pounds to trade with, it is virtual money, so not to worry it isn't coming out of your bank or theirs it is pretend.

What I did was buy as though it was what money I had and not buy stupid, after a few weeks I was making money, so I decided to go on the real trading side of it.

You can open an account for as little as £1 or $1 plus no fees as well.
Anyway I opened an account with £20 to start with I bought a few shares and they were making money so I invested in more.
cutting the story short, I did buy some bad stocks but I also bought some good ones and my account grew, up to now I'm still in the green, making a small profit.

The website is Trading212, if you go on be careful to select the practice mode first and select your country currency, then start trading and see how you get on before you decide to go live with your own money.

If you do go live use my referral and you will get anything from £$10 -£$100 free share, and I will get one too, use this as a referral:

www.trading212.com/invite/Gc30tqSs