NOW WHAT?

[jonbearman]

Now that the market is slowly tanking I wont have any mad money to spend on gun stuff or should I say fun stuff. By the time this stops I may have enough left over to buy a box of 22 mag to enjoy,LOL Sit tight because I think it will rebound so we can get back to enjoying ourselves at the range instead of following the lousy news. Only kidding my cat wont use printed news anymore. Should I take what I have left and invest in collector firearms or what. MY girl would probably beat me in my sleep if I did,LOL Stay safe wash your hands and face , get some popcorn and watch the show.

 

[Raythemanroe]

Schools are sending out memo's that kids may be doing at home work for thirty days. Lot's of schools are cancelling any trips.


Ray

 

[joshb]

This is why I lived with the "You can never have enough supplies" mindset! I just checked my stash. I have plenty of everything. Anytime I have a little extra cash lying around, I buy supplies. I'm taking a bit in the market, for sure! One of the reasons I bought this place in Texas was to put some of my cash in land. Rock solid land!
Steady yourself and don't panic!
Maybe tell your Lady that you're short on some stuff and you better get it so you're "prepared"! Use the panic to your advantage!

 

[JimT]

Now that the market is slowly tanking I wont have any mad money to spend on gun stuff or should I say fun stuff. By the time this stops I may have enough left over to buy a box of 22 mag to enjoy,LOL Sit tight because I think it will rebound so we can get back to enjoying ourselves at the range instead of following the lousy news. Only kidding my cat wont use printed news anymore. Should I take what I have left and invest in collector firearms or what. MY girl would probably beat me in my sleep if I did,LOL Stay safe wash your hands and face , get some popcorn and watch the show.

“Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” Sir John Templeton

 

[Texas10]

Short sellers have been waiting for this opportunity for the better part of a decade. Billions are being made while the little guy loses a big chunk of his retirement savings. I don't see a return to the historic highs as all the stocks were significantly over value, and this is probably the big correction everyone has been talking about was inevitable. I don't invest in stocks, as I believe the market is manipulated at will by the big players. For me, the flash crash of 2010 was the smoking gun.

 

[Knotwild]

I learned my lesson in 2008. Stock market is a rigged game. I got every penny out then and with God's help I'll never give them a other dime. If I had learned that as a young man, I'd be set now.

Remember, it's not a good idea to let someone you don't know gamble with your money.

 

[Terry]

“Bull markets are born on pessimism, grown on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” Sir John Templeton

Right On!

 

[Ranger188]

Lucky I have a pension and the wife still works 30+ hours a week.
My 401k will come back (lost a sh#t load)
She's getting a new spare bath shower, right now.
So that's going to cut into my spending money.

 

[Terry]

For 38 years I have been helping my clients prosper in the Stock Market.
We were ready for this and are looking for bargains.

Kool heads will prosper.

 

[JimT]

Short sellers have been waiting for this opportunity for the better part of a decade. Billions are being made while the little guy loses a big chunk of his retirement savings. I don't see a return to the historic highs as all the stocks were significantly over value, and this is probably the big correction everyone has been talking about was inevitable. I don't invest in stocks, as I believe the market is manipulated at will by the big players. For me, the flash crash of 2010 was the smoking gun.

I started investing in 1980, glad I did (so is my family)!!

https://www.macrotrends.net/2324/sp-500-historical-chart-data

 

[spencerhenry]

No one has really lost a dime, unless they are selling right now. I'm no expert, but if I had anymore I could invest right now, I would.
Wait it out and you will be right back where you were or better.

 

[Geronimo Jim]

I am going to buy more stocks. Good sale.

 

[okie]

My wife spends it all anyways....

 

[Rsadams]

Don't underestimate the greed of people , the market will bounce back even if it's the end of the world... If there's only two people left , one will want more than the other.... If you're not one of those two it won't matter anyway... Actually buying while it's cheap is how it's done...

 

[Papa Charlie]

My 401, well it is down almost 30%. Since I am still working, the contributions to my 401 are purchasing stocks at a discount so the number of shares are greater. When the market recovers, which it will, I will be better off.

I am also looking for some stocks to invest in at this time.

 

[Drolds72]

Liquidity starting to dry up on the bond side. Energy bond mkt been closed for a week. Bargains will be had on the way down, don't feel bad about not picking the bottom. If a vaccine hits, or Russia/Saudis declare a truce, there won't be anything for sale on the way back up.....

 

[Leo Smith]

Don't believe the hype, Everything is hype.......

 

[ronsatspokane]

For 38 years I have been helping my clients prosper in the Stock Market.
We were ready for this and are looking for bargains.

Kool heads will prosper.

Bingo. I always roll my eyes when people talk about a rigged market and how that favors the big guy. Who is the big guy? Could it be a company like Russel Investments with over a trillion dollars under management and a company so large and influential that it has its own index? Well whose money are they managing? Answer: yours. They are the largest pension, 401K and IRA investment company in the world. Or could it be a company like Goldman Sachs? Whose money are they investing? Answer, same as before, yours. I retired 4 months ago and have 401k funds invested with both companies as well as others. I'm getting slaughtered currently just like everyone else is. But then I've gained a lot since 2008 and even more since 2000 both years in which I was also slaughtered along with everyone else.

Then again, maybe people are talking about Warren Buffet. He's lost what would be considered to be hundreds of individual fortunes over the last week. Do people thing he's soiling his trousers and bailing? Not a chance. He's likely salivating. This is a buying opportunity that only comes along once in a generation. My only regret is that I don't have more cash to buy into it.

 

[1911nut]

This is a buying opportunity that only comes along once in a generation.

Yup. A rare opportunity to make money, just gotta live through it

 

[CharlieNC]

A few years ago higher oil prices caused a drop in the market, because of the negative effect on many downstream industries and the direct consumers of gasoline, etc. Now the opposite occurs, because someone wants it that way?

The hysteria surrounding corona virus is astounding, unbelieveable; it is truely the "JV" of viruses at this point. Sheeple following the media propaganda. Negative impact due to diminished China exports is a reality, which fortunately our President has been leading the fight for a while now.

Fortunately traffic to the range was less than normal today, but there were still a number of old guys still alive there happily shooting (including me) to quell their frustrations with this mess.