ROFL! Not really. People like me are helping to keep the markets from totally imploding over panic selling.Aha ! you are THE ONE responsible for this mess then
Well, I am no stock expert nor do I even have a rudimentary understanding of it but I'm not riding this thing to the bottom. My opinion is the financial and social harm from this virus is going to continue for much longer than most are predicting. I'm retired and I dont have the time or ability to wait out the volatility that we are seeing. I sold off everything I had in the market today, about 39% of my total assets. I dont consider this as locking in my losses, once a vaccine is found and people start getting back to work I'll jump right back in. if I miss a couple of days of gain that will be far less than the losses that I fear will continue to accumulate over the next weeks or months.
If you look at almost any financial professional involved directly with investments, as I stated before, big gains get missed because people pulled out during a market low point fearing the worst and BAM! Talk of a $6 trillion dollar 'rescue package' in Congress caused the market to soar. While I'm not where I was before, a huge chunk of my losses was erased today.I'm sick to my stomach after todays rally... I F'n cant win at this.
Yes, fair enough, with credit to all for keeping it civil, I can see emotion making a fool of somebody’s mouth sooner or later lol.Sorry guys. You all know better than to start debating politics on the site. Even if I agree with some of it, it's got to go.
You're not the first and won't be the last selling out at a market bottom. It isn't an exact science predicting what the market or most stocks will do (assuming you leave out obvious things as we have seen with Boeing and VW as more recent examples).I'm pretty sure the Stock market (or my wife because of my stupidity) is gonna kill me way before any virus...