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Do Not Sell My Personal Information
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The Oi said:
Someone convince me not to sell everything not in my retirement account.
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If you mean stocks, the reason not to sell is because they're on sale right now. In any other area, if the price on something drops 30%, people think "cool, I'll buy more!" When it happens in the stock market, people panic, sell, and thus lock in their losses. I've been nibbling on this whole ride down, and bought a bigger chunk today.

The long-term fundamentals of the market haven't changed. Sure, Q1/Q2 results will be in the shitter for a lot of companies, but their long-term prospects haven't changed. Unless you absolutely need the money ASAP (in an "I took out a loan with the Bank of Goodfellas and will lose my thumbs if I don't pay it back tomorrow" sense), you'll be kicking yourself someday if you sell now.

Again, John Bogle's advice is the best: "Don't just do something. Stand there!"
 
Sir'Dom Pointer said:
I hope you feel better soon.
I have chronic allergies, rhinitis and so I can't really gauge whether I get sick or not. Unless I suddenly develop fever or extreme, painful coughing.
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It's weird -- the headache/dizziness very much comes and goes, and it's been like that for awhile. So you end up thinking "I'm completely fine", a few hours later you think "I really need to lay down", then you're back up feeling fine and wondering if you just imagined it. Been going on for awhile. And to clarify, it isn't severe, and doesn't feel like it's going downhill. Just a nuisance.

To be honest, best case scenario is that we have it and it doesn't get any worse for us, because then it's likely we'd be immune and safe.
 
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AllforOne said:
If you mean stocks, the reason not to sell is because they're on sale right now. In any other area, if the price on something drops 30%, people think "cool, I'll buy more!" When it happens in the stock market, people panic, sell, and thus lock in their losses. I've been nibbling on this whole ride down, and bought a bigger chunk today.

The long-term fundamentals of the market haven't changed. Sure, Q1/Q2 results will be in the shitter for a lot of companies, but their long-term prospects haven't changed. Unless you absolutely need the money ASAP (in an "I took out a loan with the Bank of Goodfellas and will lose my thumbs if I don't pay it back tomorrow" sense), you'll be kicking yourself someday if you sell now.

Again, John Bogle's advice is the best: "Don't just do something. Stand there!"
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This is kinda half right advice so let me chime in.

The price of a stock is fundamentally the discounted value of the cash flows available to shareholders after the other obligations have been paid back (see my primer in this thread about fixed vs. residual claims). So investors project what they think the sales, costs and ultimately income left over for shareholders will be and discount that back to the future. So....when we suddenly have a shock recession, clearly the future cash flows will be less if sales in the future and profits are less. So they may not actually be on sale, they may be priced correctly based on currently available market information. This is if you believe the efficient market hypothesis.

Now lets say a company creates a CV vaccine and will sell it for a profit. You expect their future earnings to increase and so the discounted value of those future cash flows, i.e. the stock price, increases.

In todays market as a case, traders think profits will be way down so they are selling as they thought they were overpriced. Eventually they will over sell and sharp investors will be buying future cash flows on sale. But it really is not accurate to say stocks are on sale by 30%.
 
AllforOne said:
If you mean stocks, the reason not to sell is because they're on sale right now. In any other area, if the price on something drops 30%, people think "cool, I'll buy more!" When it happens in the stock market, people panic, sell, and thus lock in their losses. I've been nibbling on this whole ride down, and bought a bigger chunk today.

The long-term fundamentals of the market haven't changed. Sure, Q1/Q2 results will be in the shitter for a lot of companies, but their long-term prospects haven't changed. Unless you absolutely need the money ASAP (in an "I took out a loan with the Bank of Goodfellas and will lose my thumbs if I don't pay it back tomorrow" sense), you'll be kicking yourself someday if you sell now.

Again, John Bogle's advice is the best: "Don't just do something. Stand there!"
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Part of the reason for that is stocks don't just plunge arbitrarily, they plunge when people are worried about their future and need to free up cash (liquidate) to survive.

There isn't enough cash in the world for everyone to liquidate their assets to hoard cash to survive. Even the people who otherwise would jump in on these prices hold back because they need their own cash.

My approach right now is to hold onto cash I haven't invested (cash I otherwise would be using to buy right now). But don't actually sell anything unless that cash runs out.
 
Mr. Orange said:
In todays market as a case, traders think profits will be way down so they are selling as they thought they were overpriced. Eventually they will over sell and sharp investors will be buying future cash flows on sale. But it really is not accurate to say stocks are on sale by 30%.
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It actually is, but I'm not gonna try to convince you otherwise. What you're talking about is speculating, not investing.

KI4MVP said:
Part of the reason for that is stocks don't just plunge arbitrarily, they plunge when people are worried about their future and need to free up cash (liquidate) to survive.
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If somebody needs to liquidate stocks for the cash to survive, then they shouldn't be investing in stocks in the first place. One really ought to have at least three months of expenses (or more, if in a single-income household) set aside before putting anything in the market.

I don't want to derail the COVID discussion any further, so if this discussion is going to continue, the finance thread is probably the best place.
 
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Cases skyrocketing in US today. 2031 and climbing. Hard to tell how much of that is just because of increase testing vs the virus actually spreading.

Death count also skyrocketing. 40 deaths and climbing today. More than 1/4 of the deaths in the US so far have happened today.
 
I.K.W.T said:
The GF and I were at the Cavs game on March 7th (the last one before the shut down). One lady from Hudson tested positive and was at that game, along with the other things like the Jazz being there 4 days prior.

We both got sick middle of last week and haven't really gotten better. My stuff is more allergy/sinus type with shortness of breath but the GF has a burning chest, had a low grade fever, etc.

Her doctor just said to stay home (as she tested negative for flu and strep) and to essentially quarantine but no COVID-19 test was happening.

I think we both have it to be honest. We didn't go out that week/weekend except the game.
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If you're ability to breath worsens then definitely go.

I will be honest, you meet the symptom threshold.

You two should both be tested.
 
KI4MVP said:
Cases skyrocketing in US today. 2031 and climbing. Hard to tell how much of that is just because of increase testing vs the virus actually spreading.

Death count also skyrocketing. 40 deaths and climbing today. More than 1/4 of the deaths in the US so far have happened today.
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Until we start taking random samples of the population, you have to consider any increase in number of confirmed cases directly related to the number of tests performed.
 
Green Demon said:


More streaming options for people that are looking for something sports related to watch after their "commute" home.
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I've watched zero Cabs games this year, any particular games I should revisit?
 
MattyFos. said:
I thought of that as well. Decided to hold off because the deaths are still rising.
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Yep. The information we have right now, in my uneducated take, holds almost zero correlation to the total number of cases in the country.

I also completely understand and agree that it's more important to test those who need treatment, so we know how to treat them.
 
Cleveland Clinic has to restrict testing now to high risk individuals because of swabs being limited. They have to find another supplier, alternative swabs to use, or manufacture them themselves.


Side note, hopefully the current restrictions will slow down the spread of other germs that have similar symptoms to coronavirus. A 14 or 15 day nationwide lockdown might kill this year's flu season and ease the some of the stress on resources.
 
inliner311 said:
Cleveland Clinic has to restrict testing now to high risk individuals because of swabs being limited. They have to find another supplier, alternative swabs to use, or manufacture them themselves.


Side note, hopefully the current restrictions will slow down the spread of other germs that have similar symptoms to coronavirus. A 14 or 15 day nationwide lockdown might kill this year's flu season and ease the some of the stress on resources.
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Also going to save a LOT of people dying from car accidents.
 
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