Buffet on the impending market crash

[DesiDucati]

https://www.marketwatch.com/story/b...the-market-can-drop-50-is-he-wrong-2020-02-24

An interview from a couple days ago.

The last two days has been killing my portfolio. I’m shocked no one here has complained about it. Any good stocks to short? Any good stocks that are bargains? Is it a good time to catch this falling knife?

 

[Removed 3]

That's right. No one has complained about your portfolio

Learn from the experience.

Know your risk tolerance.
Don't get complacent.
Don't believe everything you read will happen.

 

[bmwbob51]

That's right. No one has complained about your portfolio

Learn from the experience.

Know your risk tolerance.
Don't get complacent.
Don't believe everything you read will happen.

You only lose if you sell!

 

[mean dad]

https://www.marketwatch.com/story/b...the-market-can-drop-50-is-he-wrong-2020-02-24

An interview from a couple days ago.

The last two days has been killing my portfolio. I’m shocked no one here has complained about it. Any good stocks to short? Any good stocks that are bargains? Is it a good time to catch this falling knife?

The last two days have been killing your portfolio.



Also, there's an existing stock market thread here. :thumbup

 

[Removed 3]

Stock prices will fall and they will rise. Nothing to fear.

But watch out for the grammar police!

 

[msethhunter]

Considering we're coming off an all time high, as long as it doesn't crash there isn't anything to worry about....yet.

 

[mean dad]

Stock prices will fall and they will rise. Nothing to fear.

But watch out for the grammar police!

Is it too early to financially Godwin the thread?

On October 29, 1929, Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors. In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression (1929-39), the deepest and longest-lasting economic downturn in the history of the Western industrialized world up to that time.

 

[Blankpage]

Lucky are the folks already broke. They have nothing to worry about.

 

[Climber]

The market will drop when the power traders decide it will drop.

They will, of course, know it's coming and profit enormously from the drop.

 

[AbsolutEnduser]

It’s not a time to set up a buffet, I can tell you that :shame

 

[byke]

I mean, we've been living on the bailout, printed money, completely unsustainable accounting and debt, but yes, the flu is the problem...because it's not holding a mirror.

 

[aminalmutha]

my portfolio.

Interesting.

 

[msethhunter]

I mean, we've been living on the bailout, printed money, completely unsustainable accounting and debt, but yes, the flu is the problem...because it's not holding a mirror.

The Kungflu is what will set this in motion. Completely agree with you though that the recovery wasn't sustainable.

 

[mean dad]

Kungflu :rofl :rofl

Fucking gold.

 

[kevin 714]

Good, bring on the crash!

 

[msethhunter]

Kungflu :rofl :rofl

Fucking gold.

:teeth

 

[mean dad]

I'll try to help that get a solid foothold. :laughing



Kungflu :rofl

 

[byke]

Good, bring on the crash!

(nsfw language)

youtu.be/7eYcWpgCb7o

 

[Toast]

The coronavirus is really fucking things up, an unnamed company we were covering had hundreds of millions in losses this quarter because of the shortages and quarantine.

 

[Dubbington]

Im def getting in on Target if it continues to drop.

Should just continue to park $$ into my roth and call it. My pot stocks are in critical need of some water at this point. Hope to look back in 3-5 years and they are killing it.