My point exactly
Looking at the MACD (momentum) of everything right now I’d say we’re not at the bottom. Probably not for another couple of months. I’m saving pennies and keeping it in cash for a while. The bottom will come for sure — but if Goldman are right it’s two months away. Then it’ll be buying time …
As they say, time in the market is more important than timing the market. I’m intending to keep putting my regular amounts into my S&S ISA, fully expecting to lose value in the coming year, but with shares that get cheaper each month.
Certainly not investing money I’m going to need in the short term. The S&P is bloated with over-valued, highly leveraged and unprofitable companies --a large correction is inevitable.
Definitely interesting times. I’m new to the investment game altogether so this is my first experience with a market crash, as such. It’s interesting (if I may use the word) following it through my Plum investments and seeing the day-to-day impact. Obviously investing is a long term plan, though, so much like most of the people on this thread, I’ll be waiting for the markets to bottom out and start stabilising and then buy some more.
(Though if that’s the start of the zombie apocalypse /still possible/ then none of this matters anyway )
Interesting times, indeed. A lot of the covid-19 stuff is going to be temporary: people will start going on holiday again, people unable to buy products due to production issues will still buy they later become available, etc
The key issue will be whether the fundamentals of the economy are strong enough to weather the storm. Fly Be weren’t but I think the bigger risk is over stretched, indebted consumers. The consumer credit bubble has been a risk for a while and, if that pops under covid-19 stress, the recovery might take a little longer.
Balanced somewhat by those people who have houses full of toilet rolls never having to buy any ever again.
I wish I’d invested in toilet roll futures.
You’d have been sorry. All those people with rooms full of toilet paper won’t be buying any until at least 2025
It’s another bloodbath out there again today:
My “portfolio” is down hugely (biggly?) and it’s only my wonderful Greggs shares stopping me from hitting the floor at this point. I’m sure it’ll be fine…
and you can always sustain yourself with sausage rolls
You should invest in bears since it’s now a bear market
Cushelle bears?
Panda bears is another option
Just get rid of all the bull, that’s over with
they all seem a bit grizzly at the moment