Front Office Football Central  

Go Back   Front Office Football Central > Main Forums > Off Topic
Register FAQ Members List Calendar Mark Forums Read Statistics

Reply
 
Thread Tools
Old 03-12-2020, 03:28 PM   #1
Kodos
Resident Alien
 
Join Date: Jun 2001
The Stock Market thread

You had a good run, old friend.
__________________
Author of The Bill Gates Challenge, as well as other groundbreaking dynasties.


Last edited by Kodos : 01-20-2021 at 03:09 PM.
Kodos is offline   Reply With Quote
Old 03-12-2020, 03:31 PM   #2
Edward64
Head Coach
 
Join Date: Oct 2005
Yup. It was fun.
Edward64 is online now   Reply With Quote
Old 03-12-2020, 04:17 PM   #3
spleen1015
Coordinator
 
Join Date: Sep 2003
Hasn't it been dead for weeks though?
__________________
Why choose failure when success is an option?
spleen1015 is offline   Reply With Quote
Old 03-12-2020, 04:25 PM   #4
molson
General Manager
 
Join Date: Oct 2002
Location: The Mountains
All of the gains since Trump took office gone.

If we get past all this by summer and fall and get a predictable economic boost then, that has to be pretty good for Trump in November I'd think.

Last edited by molson : 03-12-2020 at 04:25 PM.
molson is offline   Reply With Quote
Old 03-12-2020, 04:45 PM   #5
Arles
Grey Dog Software
 
Join Date: Nov 2000
Location: Phoenix, AZ by way of Belleville, IL
There will be a boost between May and August - good luck predicting when though. Better to hold on and hope to wait it out at this point.
__________________
Developer of Bowl Bound College Football
http://www.greydogsoftware.com
Arles is offline   Reply With Quote
Old 03-12-2020, 05:58 PM   #6
Edward64
Head Coach
 
Join Date: Oct 2005
Got to be honest, I don't fear this as much as what I remembered during the GR.

The GR came on the heels of dot-com crash, 9/11 shock, so it was like 3 bad markets in 10 years with the GR as the cherry on the top ... and we came back from that.

I call that my lost decade of investment growth.
Edward64 is online now   Reply With Quote
Old 03-12-2020, 06:46 PM   #7
PilotMan
Head Coach
 
Join Date: Oct 2002
Location: Seven miles up
Quote:
Originally Posted by Edward64 View Post
Got to be honest, I don't fear this as much as what I remembered during the GR.

The GR came on the heels of dot-com crash, 9/11 shock, so it was like 3 bad markets in 10 years with the GR as the cherry on the top ... and we came back from that.

I call that my lost decade of investment growth.


Win for trump?
__________________
He's just like if Snow White was competitive, horny, and capable of beating the shit out of anyone that called her Pops.

Like Steam?
Join the FOFC Steam group here: http://steamcommunity.com/groups/FOFConSteam



PilotMan is offline   Reply With Quote
Old 03-12-2020, 06:46 PM   #8
Galaril
Pro Starter
 
Join Date: Jan 2004
I am holding my breath I think we still are not close to the bottom. I won’t be shocked to see us looking at sub 15000 DOW at the beginning of April.
Galaril is offline   Reply With Quote
Old 03-12-2020, 06:54 PM   #9
Kodos
Resident Alien
 
Join Date: Jun 2001
Quote:
Originally Posted by spleen1015 View Post
Hasn't it been dead for weeks though?

Welp, it became official over the last two days.
__________________
Author of The Bill Gates Challenge, as well as other groundbreaking dynasties.
Kodos is offline   Reply With Quote
Old 03-12-2020, 07:00 PM   #10
RainMaker
General Manager
 
Join Date: Jun 2006
Location: Chicago, IL
Did they dump half a trillion in just for a 15 minute rally today?
RainMaker is offline   Reply With Quote
Old 03-12-2020, 07:04 PM   #11
Edward64
Head Coach
 
Join Date: Oct 2005
Quote:
Originally Posted by PilotMan View Post
Win for trump?

Not quite Jade Helm fiasco, so yes

Last edited by Edward64 : 03-12-2020 at 07:11 PM.
Edward64 is online now   Reply With Quote
Old 03-12-2020, 07:10 PM   #12
Edward64
Head Coach
 
Join Date: Oct 2005
Quote:
Originally Posted by Galaril View Post
I am holding my breath I think we still are not close to the bottom. I won’t be shocked to see us looking at sub 15000 DOW at the beginning of April.

I can see that considering we haven't reached the peak of FUD yet IMO.

My guess is once we know how bad it is, things will calm down some. And that starts with reliable/trusted metrics based on testing - # infected, # dead. Then start of a sustained recovery once good news on vaccine is out.
Edward64 is online now   Reply With Quote
Old 03-12-2020, 07:24 PM   #13
JPhillips
General Manager
 
Join Date: Nov 2002
Location: Newburgh, NY
Asian markets getting hammered.
__________________
To love someone is to strive to accept that person exactly the way he or she is, right here and now.. - Mr. Rogers
JPhillips is offline   Reply With Quote
Old 03-12-2020, 07:31 PM   #14
Edward64
Head Coach
 
Join Date: Oct 2005
Quote:
Originally Posted by JPhillips View Post
Asian markets getting hammered.

Nothing like our nice 10% today.

And Shanghai is only down 1.52%, anyone know why China is not taking big hits?
Edward64 is online now   Reply With Quote
Old 03-13-2020, 08:43 AM   #15
Edward64
Head Coach
 
Join Date: Oct 2005
... and the Dow is trying to mount a comeback!

I'm guessing this one is a dead cat bounce.
Edward64 is online now   Reply With Quote
Old 03-13-2020, 09:00 AM   #16
JPhillips
General Manager
 
Join Date: Nov 2002
Location: Newburgh, NY
Why did cruise ship stocks rebound some?
__________________
To love someone is to strive to accept that person exactly the way he or she is, right here and now.. - Mr. Rogers
JPhillips is offline   Reply With Quote
Old 03-13-2020, 04:24 PM   #17
STK
H.S. Freshman Team
 
Join Date: Oct 2000
Location: Tucson, AZ
Quote:
Originally Posted by JPhillips View Post
Why did cruise ship stocks rebound some?

because we live in a clown world
STK is offline   Reply With Quote
Old 03-16-2020, 08:39 AM   #18
JPhillips
General Manager
 
Join Date: Nov 2002
Location: Newburgh, NY
Not a good opening.
__________________
To love someone is to strive to accept that person exactly the way he or she is, right here and now.. - Mr. Rogers
JPhillips is offline   Reply With Quote
Old 03-16-2020, 08:59 AM   #19
Lathum
Favored Bitch #1
 
Join Date: Dec 2001
Location: homeless in NJ
Quote:
Originally Posted by JPhillips View Post
Not a good opening.

Bit of an understatement.
Lathum is offline   Reply With Quote
Old 03-16-2020, 09:01 AM   #20
QuikSand
lolzcat
 
Join Date: Oct 2000
Location: Annapolis, Md
Shot the last legit bullet at arguably the worst possible time, all to bow to pressure from the clown-in-chief. S&P opens 250 down. Of course it does.
QuikSand is offline   Reply With Quote
Old 03-16-2020, 09:32 AM   #21
NobodyHere
Grizzled Veteran
 
Join Date: Nov 2013
There goes dreams of an early retirement.
__________________
"I am God's prophet, and I need an attorney"
NobodyHere is offline   Reply With Quote
Old 03-16-2020, 09:35 AM   #22
cartman
Death Herald
 
Join Date: Nov 2000
Location: Le stelle la notte sono grandi e luminose nel cuore profondo del Texas
I wonder if Trump will send a signed copy of today's DJIA chart to Lou Dobbs as well.
__________________
Thinkin' of a master plan
'Cuz ain't nuthin' but sweat inside my hand
So I dig into my pocket, all my money is spent
So I dig deeper but still comin' up with lint
cartman is offline   Reply With Quote
Old 03-16-2020, 09:36 AM   #23
albionmoonlight
Head Coach
 
Join Date: Oct 2000
Location: North Carolina
Quote:
Originally Posted by QuikSand View Post
Shot the last legit bullet at arguably the worst possible time, all to bow to pressure from the clown-in-chief. S&P opens 250 down. Of course it does.

The shame of it is that, like so many of the Trump/GOP-caused problems, the subtleties of the situation are one step removed from a soundbite. So I do not think that the voters will send the right message in response to this demented mismanagement of the situation.
albionmoonlight is online now   Reply With Quote
Old 03-16-2020, 09:43 AM   #24
Edward64
Head Coach
 
Join Date: Oct 2005
Quote:
Originally Posted by NobodyHere View Post
There goes dreams of an early retirement.

Yeah, my guess 2-3 years to get back to where we were. But I can imagine those that just went into early retirement is sweating quite a bit also.
Edward64 is online now   Reply With Quote
Old 03-16-2020, 10:40 AM   #25
Vegas Vic
Checkraising Tourists
 
Join Date: Jan 2001
Location: Cocoa Beach, FL
My wife and I have been pretty lucky (so far). We’re close to early retirement, and our 401K’s (2020 target date) haven’t been hit nearly as hard as some of our younger coworkers. It’s down about 10% for the year to date, and up about 6% for the past one year interval.

Obviously, if the market continues to tank throughout the year, we’ll probably have to continue to work for a few more years.
Vegas Vic is offline   Reply With Quote
Old 03-16-2020, 10:46 AM   #26
BYU 14
Coordinator
 
Join Date: Jun 2002
Location: The scorched Desert
Quote:
Originally Posted by Vegas Vic View Post
My wife and I have been pretty lucky (so far). We’re close to early retirement, and our 401K’s (2020 target date) haven’t been hit nearly as hard as some of our younger coworkers. It’s down about 10% for the year to date, and up about 6% for the past one year interval.

Obviously, if the market continues to tank throughout the year, we’ll probably have to continue to work for a few more years.

We are in the same boat, I was on track to retire at 59 1/2 with plans to take a more "enjoyable" job to supplement the lower retirement dividend. That is still 2+ years away but not looking good ATM.
BYU 14 is offline   Reply With Quote
Old 03-22-2020, 10:17 PM   #27
Edward64
Head Coach
 
Join Date: Oct 2005
Okay, are we at the "capitulation" stage yet? Or do those old norms/patterns get tossed out because this is a pandemic?
Edward64 is online now   Reply With Quote
Old 03-26-2020, 04:13 PM   #28
Vegas Vic
Checkraising Tourists
 
Join Date: Jan 2001
Location: Cocoa Beach, FL
According to the technical definition, we emerged from the bear market today. Of course, it won't last, but it sounds bizarre anyway.

US stocks surge despite the worst jobless claims data in history: March 26, 2020
Vegas Vic is offline   Reply With Quote
Old 03-26-2020, 05:09 PM   #29
albionmoonlight
Head Coach
 
Join Date: Oct 2000
Location: North Carolina
There's big money to be made right now, but I think that it's in the same way that there's big money to be made at a craps table.

I haven't even looked at our 401(k)s because i don't want to be tempted to do anything.

I know enough to know I can't beat the market in normal times. Now? I'd lose my shirt three times over.
albionmoonlight is online now   Reply With Quote
Old 03-26-2020, 11:27 PM   #30
Vegas Vic
Checkraising Tourists
 
Join Date: Jan 2001
Location: Cocoa Beach, FL
Quote:
Originally Posted by albionmoonlight View Post
There's big money to be made right now, but I think that it's in the same way that there's big money to be made at a craps table.

I haven't even looked at our 401(k)s because i don't want to be tempted to do anything.

I know enough to know I can't beat the market in normal times. Now? I'd lose my shirt three times over.

It will be interesting to see what happens when we work our way out of this pandemic, which isn't going to happen anytime soon.

With that being said, I don't think the comparisons some are making to 2008 are necessarily applicable. The recent market crash is the result of a self-imposed shutdown of the economy. In 2008, the very core of our economy came crashing down like a house of cards with the collapse of the housing market and financial institutions.
Vegas Vic is offline   Reply With Quote
Old 03-27-2020, 09:09 AM   #31
Edward64
Head Coach
 
Join Date: Oct 2005
Getting whiplash with all these market gyrations.
Edward64 is online now   Reply With Quote
Old 03-27-2020, 09:23 AM   #32
albionmoonlight
Head Coach
 
Join Date: Oct 2000
Location: North Carolina
Quote:
Originally Posted by Edward64 View Post
Getting whiplash with all these market gyrations.

There is money to be made. 10%+ swings in either direction. If you can time these right, you can do so well.

But I just don't get how one could time those swings with anything better than random chance.
albionmoonlight is online now   Reply With Quote
Old 04-07-2020, 08:27 AM   #33
Galaril
Pro Starter
 
Join Date: Jan 2004
So looks like the bull market and recession at least on the market is over !? The market finding any comfort with 10s of millions of people being laid off is mind boggling. Plus, I know some our dec
Acting victory and a flattening of the curve but we had the second highest day for deaths and positive results yesterday. I here a lot of people saying hat this was just the flu an we will be back to business in a few weeks. I just don’t get it.
Galaril is offline   Reply With Quote
Old 04-07-2020, 08:29 AM   #34
Kodos
Resident Alien
 
Join Date: Jun 2001
Yeah, yesterday's results were mystifying for sure.
__________________
Author of The Bill Gates Challenge, as well as other groundbreaking dynasties.

Last edited by Kodos : 04-07-2020 at 08:29 AM.
Kodos is offline   Reply With Quote
Old 04-07-2020, 08:30 AM   #35
albionmoonlight
Head Coach
 
Join Date: Oct 2000
Location: North Carolina
Quote:
Originally Posted by Galaril View Post
So looks like the bull market and recession at least on the market is over !? The market finding any comfort with 10s of millions of people being laid off is mind boggling. Plus, I know some our dec
Acting victory and a flattening of the curve but we had the second highest day for deaths and positive results yesterday. I here a lot of people saying hat this was just the flu an we will be back to business in a few weeks. I just don’t get it.

Strong indications from the WH and Congress that another $1T + stimulus bill is coming.

https://www.washingtonpost.com/us-po...ulus-trillion/
albionmoonlight is online now   Reply With Quote
Old 04-07-2020, 08:36 AM   #36
Galaril
Pro Starter
 
Join Date: Jan 2004
Quote:
Originally Posted by albionmoonlight View Post
Strong indications from the WH and Congress that another $1T + stimulus bill is coming.

https://www.washingtonpost.com/us-po...ulus-trillion/

Yeah but I mean so what. I know those stimulus bills are more about helping the market than really any tangible relief for average people. People I know who are looking for help still have not got SBA loans or any money from the government and unemployment is swamped with all the claims.

Last edited by Galaril : 04-07-2020 at 08:37 AM.
Galaril is offline   Reply With Quote
Old 04-07-2020, 08:43 AM   #37
Flasch186
Coordinator
 
Join Date: May 2002
Location: Jacksonville, FL
Quote:
Originally Posted by Kodos View Post
Yeah, yesterday's results were mystifying for sure.

The market's making a bet on what the economy will look like 6 months from now
__________________
Jacksonville-florida-homes-for-sale

Putting a New Spin on Real Estate!



-----------------------------------------------------------

Commissioner of the USFL
USFL
Flasch186 is offline   Reply With Quote
Old 04-07-2020, 11:27 AM   #38
sterlingice
Hall Of Famer
 
Join Date: Apr 2002
Location: Back in Houston!
A couple of my coworkers like to talk in hushed tones about their retirement (that they have individual stocks and they treat like gambling for big kids). It's like watching degenerate gamblers: always talking about their great hits and their bad beats ("I sold Tesla right before it really took off") but never talking about the baths they take from their less sexy picks.



SI
__________________
Houston Hippopotami, III.3: 20th Anniversary Thread - All former HT players are encouraged to check it out!

Janos: "Only America could produce an imbecile of your caliber!"
Freakazoid: "That's because we make lots of things better than other people!"


sterlingice is offline   Reply With Quote
Old 04-07-2020, 11:33 AM   #39
albionmoonlight
Head Coach
 
Join Date: Oct 2000
Location: North Carolina
I would enjoy having some play-around money to put in the market and try and pick individual stocks. It would be like gambling, and gambling is fun.

I can't imagine doing that with the money I actually need to retire . . .

My risk tolerance is WAY too low.

Last edited by albionmoonlight : 04-07-2020 at 11:33 AM.
albionmoonlight is online now   Reply With Quote
Old 04-07-2020, 01:10 PM   #40
Fidatelo
Pro Starter
 
Join Date: Nov 2002
Location: Winnipeg, MB
Quote:
Originally Posted by albionmoonlight View Post
I would enjoy having some play-around money to put in the market and try and pick individual stocks. It would be like gambling, and gambling is fun.

I can't imagine doing that with the money I actually need to retire . . .

My risk tolerance is WAY too low.


It's not really gambling if you can actually afford to lose. You gotta NEED that win!
__________________
"Breakfast? Breakfast schmekfast, look at the score for God's sake. It's only the second period and I'm winning 12-2. Breakfasts come and go, Rene, but Hartford, the Whale, they only beat Vancouver maybe once or twice in a lifetime."
Fidatelo is offline   Reply With Quote
Old 04-07-2020, 01:28 PM   #41
NobodyHere
Grizzled Veteran
 
Join Date: Nov 2013
Quote:
Originally Posted by albionmoonlight View Post
I would enjoy having some play-around money to put in the market and try and pick individual stocks. It would be like gambling, and gambling is fun.

I can't imagine doing that with the money I actually need to retire . . .

My risk tolerance is WAY too low.

Why worry?

If you pick a bad stock then just double your money on the next one you pick!
__________________
"I am God's prophet, and I need an attorney"
NobodyHere is offline   Reply With Quote
Old 04-07-2020, 01:34 PM   #42
albionmoonlight
Head Coach
 
Join Date: Oct 2000
Location: North Carolina
Quote:
Originally Posted by NobodyHere View Post
Why worry?

If you pick a bad stock then just double your money on the next one you pick!

albionmoonlight is online now   Reply With Quote
Old 04-07-2020, 01:57 PM   #43
Kodos
Resident Alien
 
Join Date: Jun 2001
If it's going poorly, just jump into some leveraged ETFs. What could go wrong?!?
__________________
Author of The Bill Gates Challenge, as well as other groundbreaking dynasties.
Kodos is offline   Reply With Quote
Old 04-07-2020, 02:53 PM   #44
JPhillips
General Manager
 
Join Date: Nov 2002
Location: Newburgh, NY
My quarterly statement today wasn't as bad as I thought it would be. I guess that's good news.
__________________
To love someone is to strive to accept that person exactly the way he or she is, right here and now.. - Mr. Rogers
JPhillips is offline   Reply With Quote
Old 04-07-2020, 03:00 PM   #45
albionmoonlight
Head Coach
 
Join Date: Oct 2000
Location: North Carolina
Quote:
Originally Posted by Fidatelo View Post
It's not really gambling if you can actually afford to lose. You gotta NEED that win!

I don't remember the exact quote, but someone once asked Arnold Palmer or Jack Nicklaus about the pressure of making a putt to win a $10,000 tournament.

And he responded that pressure is not having to make a putt to win $10,000. Pressure is having to make a putt to beat your buddy when you bet him $100 and you have only $50 in your pocket.
albionmoonlight is online now   Reply With Quote
Old 04-16-2020, 09:16 AM   #46
sterlingice
Hall Of Famer
 
Join Date: Apr 2002
Location: Back in Houston!
Jobless claims: Another 5.245 million Americans file for unemployment benefits

I still don't get how stocks could be like "Hey, let's open up after the latest round of 5M unemployed". I mean, I know they have to have that number baked in a little. But there was nowhere that 22M jobless claims in a month was baked into the numbers where we're only 20% off of an irrational market high.

SI
__________________
Houston Hippopotami, III.3: 20th Anniversary Thread - All former HT players are encouraged to check it out!

Janos: "Only America could produce an imbecile of your caliber!"
Freakazoid: "That's because we make lots of things better than other people!"


sterlingice is offline   Reply With Quote
Old 04-16-2020, 09:42 AM   #47
PilotMan
Head Coach
 
Join Date: Oct 2002
Location: Seven miles up
Quote:
Originally Posted by sterlingice View Post
Jobless claims: Another 5.245 million Americans file for unemployment benefits

I still don't get how stocks could be like "Hey, let's open up after the latest round of 5M unemployed". I mean, I know they have to have that number baked in a little. But there was nowhere that 22M jobless claims in a month was baked into the numbers where we're only 20% off of an irrational market high.

SI

I'm guessing because the people at the top of the food chain really haven't been impacted by this as much as others. We might see a steady, weakness in the markets the rest of the year as companies start to experience the after effects, and the stimulus money expires. A lot will depend on another stimulus. The market is a measure of public money after all, and as long as the government is going to keep printing and giving it away there will be some legs under the markets.
__________________
He's just like if Snow White was competitive, horny, and capable of beating the shit out of anyone that called her Pops.

Like Steam?
Join the FOFC Steam group here: http://steamcommunity.com/groups/FOFConSteam



PilotMan is offline   Reply With Quote
Old 04-16-2020, 10:05 AM   #48
NobodyHere
Grizzled Veteran
 
Join Date: Nov 2013
I have to wonder what people will do when the lockdowns are lifted.

Will they be timid in going out to restaurants and crowded entertainment events?

Or will they go with a gusto and pack everything and take vacations. The majority of Americans are still employed and I bet a lot of them have money saved up waiting to be burned.
__________________
"I am God's prophet, and I need an attorney"
NobodyHere is offline   Reply With Quote
Old 04-16-2020, 10:08 AM   #49
PilotMan
Head Coach
 
Join Date: Oct 2002
Location: Seven miles up
Quote:
Originally Posted by NobodyHere View Post
I have to wonder what people will do when the lockdowns are lifted.

Will they be timid in going out to restaurants and crowded entertainment events?

Or will they go with a gusto and pack everything and take vacations. The majority of Americans are still employed and I bet a lot of them have money saved up waiting to be burned.

I think Ben answered that one in the other thread. Some of both, with a vast majority being very conservative and hesitant, for health and financial reasons.
__________________
He's just like if Snow White was competitive, horny, and capable of beating the shit out of anyone that called her Pops.

Like Steam?
Join the FOFC Steam group here: http://steamcommunity.com/groups/FOFConSteam



PilotMan is offline   Reply With Quote
Old 04-16-2020, 10:16 AM   #50
albionmoonlight
Head Coach
 
Join Date: Oct 2000
Location: North Carolina
I am not sensing much gusto from my friends and family.

People seem to get that (1) this is spreading asymptomaticly, (2) it can make a decent percentage of people go-to-the-hospital sick, and (3) we don't have anything like the testing infrastructure in place to try and use that as a way to soft reopen.

The governors could all "reopen" everything, but it won't matter if people don't come. You can't make someone sit in a movie theater full of strangers in a world with inadequate testing and contact tracing.
albionmoonlight is online now   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is On
Forum Jump


All times are GMT -5. The time now is 10:12 AM.



Powered by vBulletin Version 3.6.0
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.