(03-20-2020, 03:26 PM)jagibelieve Wrote:

(03-20-2020, 02:46 PM)Senor Fantastico Wrote: You've been saying essentially the same thing for a month now. Maybe you can't predict the market.

Nobody can predict the market.  I just watch certain indicators and combine it with experience.  Am I always right?  Certainly not and never claimed to be.  I have also said numerous times that I am by no means a professional so my opinion is just that... my opinion.

That's kind of the point. "If we aren't at the bottom right now we are close" is a definitive statement is it not?



I suppose if you keep stating we're at the bottom every few days eventually you'll be right.

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(03-20-2020, 03:30 PM)Byron LeftTown Wrote: I don't expect a market turnaround until we see a virus turnaround.  There are some hopeful signs, like possibly finding an effective treatment regimen, but the economic pain will continue until people get back to work and even then it will take time.

Other cracks in the financial system are widening, especially with regards to liquidity.  I have an anecdotal item from another forum where a guy sold a stock in his Schwab 401k account and wanted to buy another stock, but Schwab kept 67% of his sale proceeds as "Cash on Hold" whatever that means.  He is assuming they will release the remainder in 3 days when the trade settles.  Anybody else seeing their broker hold funds like that?

I trade with Chuck and bought pretty sizeably into a fund on 3/14, cashed out 9:30am on 3/17 and all funds were available within 10 minutes.

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