Top is in

[aspiringnomad]

https://isthisthetop.com/

Would be so much cooler if you had topisin.com. If you're willing to pay 100k for it, I can pass that info along to the owner.

[SubL stache]

Looks like a new bottom tomorrow...

[Roland of Gilead]

SP500 only down 18.7%, still a bull market. Go bulls!

It is down 5% in the futures after orange talked

What is it called when the market drops 60%?

[Monerexia]

It went down, it is still dropping.......


To paraphrase Herman Wouk, Panic!, in times of danger or in doubt run in circles scream and shout....... or channel Jack Bogle and just do nothing...   I  prefer the later..and the top is still not in.

and it's still dropping

We need a nice, monstrous, five-year sale on stocks. Top, my friend, hope you were in.

might actually get my wish!

[Alternatepriorities]

SP500 only down 18.7%, still a bull market. Go bulls!

It is down 5% in the futures after orange talked

What is it called when the market drops 60%?

Fire sale? Buying opportunity?

[Malossi792]

FTSE All-world has been more than 20% down from the all time high for a few days, just sayin'.... Run!

[DadJokes]

SP500 only down 18.7%, still a bull market. Go bulls!

It is down 5% in the futures after orange talked

What is it called when the market drops 60%?

Are you sure it's because of Trump's speech and not because sporting leagues are postponing/cancelling seasons? The NCAA tourney is a billion dollar event, and it's unlikely to happen this year.

[obstinate]

FTSE All-world has been more than 20% down from the all time high for a few days, just sayin'.... Run!

Sure, let me just lock in these losses.

[bacchi]

FTSE All-world has been more than 20% down from the all time high for a few days, just sayin'.... Run!

Sure, let me just lock in these losses.

Sell low, buy high!

[fattest_foot]

Not that we've bottomed out yet, but we're still not at the level of the December 2018 drop. I'm not sure if that makes anyone feel better, but it does for me.

[Malossi792]

FTSE All-world has been more than 20% down from the all time high for a few days, just sayin'.... Run!

Sure, let me just lock in these losses.

Sell low, buy high!

That's the spirit!
Long time lurker btw. Rarely talk IRL too.

[PhilB]

Not that we've bottomed out yet, but we're still not at the level of the December 2018 drop. I'm not sure if that makes anyone feel better, but it does for me.

Don't forget to wave at it as we go past.

[Steeze]

I have sacrificed my cash to appease The Top! Blessed be the top for giving us these shares at these prices. May The Top continue to provide!

[TomTX]

Not that we've bottomed out yet, but we're still not at the level of the December 2018 drop. I'm not sure if that makes anyone feel better, but it does for me.

Don't forget to wave at it as we go past.

Maybe after lunch.

[vand]

Hee Hee.

[vand]

Not that we've bottomed out yet, but we're still not at the level of the December 2018 drop. I'm not sure if that makes anyone feel better, but it does for me.

That’s great if you did all your buying before December 2018. :)

[Cabaka]

I have sacrificed my cash to appease The Top! Blessed be the top for giving us these shares at these prices. May The Top continue to provide!

I appreciate that as I have been net short for a while.

this continues to be my favorite thread on the internet.

[dividendman]

S&P 500 might close in bear territory. The top might actually have been in in Feb!

[vand]

29k Dow seems a long time ago now.. a time when life was simpler.

In reality it was just one paycheque ago!

[EscapeVelocity2020]

Fear is back, VIX above 15, XIV breaking down. SPY to follow, earnings will be a reality check.

Ah, the good ole days...

[frugalnacho]

Is fear back yet?

[secondcor521]

Is fear back yet?

Of course it is.  The VIX, I note, is over 15 as well.

[EscapeVelocity2020]

Is fear back yet?

On April 11, 2017 the S&P500 closed at 2354, so I guess fear isn't back yet... gettin' there though

[Steeze]

Looking back we will realize that is the day the recession started

[achvfi]

I am out of firepower. This 25% off sale comes to an end for me today.

I hope its stays lower for a while for regular contributions to add up.

[Monerexia]

SPY to follow.

[Turkey Leg]

We are FIREd, and our net worth is sinking. I figured a Trump presidency would be interesting times, but we retired anyway, so this drop is not unexpected.

The stock market goes up; the stock market goes down. Yawn. 

[BicycleB]

I am out of firepower. This 25% off sale comes to an end for me today.

Somewhere I read that early in the Great Depression, stocks kept dropping because everyone who had the guts to buy falling stock ran out of purchase money. So @achvfi, thanks for proving that the mighty Thorstach right. The best worst is yet to come!

[Buffaloski Boris]

I am out of firepower. This 25% off sale comes to an end for me today.

Somewhere I read that early in the Great Depression, stocks kept dropping because everyone who had the guts to buy falling stock ran out of purchase money. So @achvfi, thanks for proving that the mighty Thorstach right. The best worst is yet to come!

There is a great graphic I saw earlier showing the time from bear to bottom in past bear markets.  It's months usually. Sooo, keep that powder dry for a spell. 

[Buffaloski Boris]

Check out the VIX today.  It's up to 72 and still a few more minutes to go. 

No, I'm not calling VIX top.  I value my life. 

[DarkandStormy]

RIP to the ironic "is this the top?" posts...at least for awhile.

[PathtoFIRE]

Looking back we will realize that is the day the recession started

This would be an extraordinary recession in modern economic times if we do see one.
https://fred.stlouisfed.org/series/SAHMREALTIME

[Buffaloski Boris]

RIP to the ironic "is this the top?" posts...at least for awhile.

Naaaah.  We''ll keep calling the Top Bear while the market slides into the abyss. 

[dougules]

RIP to the ironic "is this the top?" posts...at least for awhile.

S&P 500 close 4/11/2017 - 2353.78
S&P 500 present - 2518.79

I would still be posting plenty of ironic sarcastic posts if that didn't feel a little disrespectful in the face of a pandemic.  Nothing happening is changing any long-term prospects. 

[PathtoFIRE]

I've still got some room to buy, although that would mean pushing to the equities heavy band of my IPS. Hey, I'm going my best to try to prop up prices, i swear!

[Panly]

How's your 409k doing lately?

[MrStash]

Christmas is officially over! I'm taking it surprisingly well. Just another day at work.

Here is to the roaring 20s! Hopefully this one will not lay the groundwork for future world wars.

[vand]

The worst single day for stocks since 1987.

For those who like to trot out the Warren Buffett quotes every time the market dips... are you actually following through and BEING GREEDY right now? Because this is a full blow panic.


The market has lost nearly 1/3rd of its value. I suspect that even Mr Buffett is getting mildly interested now that valuations have retreated from the stratosphere.

[dividendman]

The worst single day for stocks since 1987.

For those who like to trot out the Warren Buffett quotes every time the market dips... are you actually following through and BEING GREEDY right now? Because this is a full blow panic.


The market has lost nearly 1/3rd of its value. I suspect that even Mr Buffett is getting mildly interested now that valuations have retreated from the stratosphere.

Rebalanced today, not because i'm being greedy, because my IPS says to rebalance today.

[dandarc]

Thinking about implementing the "0% cash advance offers" plan. Will take 3 months or so to raise a total of $50K that way. Not enough dough to move the needle?

[solon]

I'm not being greedy, but I'm not selling either. I'm still buying when I get paid every-other-Friday, and I will keep doing so as long as I have a job. I don't understand the connection between a falling stock market and panic selling. I'll only sell when I need money to pay expenses in retirement.

[dandarc]

The correct way to do it @solon

[dougules]

The worst single day for stocks since 1987.

For those who like to trot out the Warren Buffett quotes every time the market dips... are you actually following through and BEING GREEDY right now? Because this is a full blow panic.


The market has lost nearly 1/3rd of its value. I suspect that even Mr Buffett is getting mildly interested now that valuations have retreated from the stratosphere.

You do know what happened after 1987, right?

[secondcor521]

The worst single day for stocks since 1987.

For those who like to trot out the Warren Buffett quotes every time the market dips... are you actually following through and BEING GREEDY right now? Because this is a full blow panic.


The market has lost nearly 1/3rd of its value. I suspect that even Mr Buffett is getting mildly interested now that valuations have retreated from the stratosphere.

Rebalanced to my AA again today.  Considered shifting my AA more towards stocks to be greedy, but then decided it would be greedier to wait and see if the market drops more so I can get more stocks while they're on sale.

So yes, I agree with Buffett's advice, and yes, I follow through.

Eventually I think most people will realize it's not worth the panicky behavior and normalcy will return.  But that is just my opinion.  YMMV.

[Alternatepriorities]

The worst single day for stocks since 1987.

For those who like to trot out the Warren Buffett quotes every time the market dips... are you actually following through and BEING GREEDY right now? Because this is a full blow panic.


The market has lost nearly 1/3rd of its value. I suspect that even Mr Buffett is getting mildly interested now that valuations have retreated from the stratosphere.

You do know what happened after 1987, right?

I think that's Vand's point here. We've entered the fear stage and it might be time to be greedy. It's looking like I will be skipping on some optional spending this year so I can buy more shares... so the fun top is in.

[dougules]

You do know what happened after 1987, right?

I think that's Vand's point here. We've entered the fear stage and it might be time to be greedy. It's looking like I will be skipping on some optional spending this year so I can buy more shares... so the fun top is in.

I don't have anywhere close to the resources, skill, or interest that Warren Buffett has.  I try my best to be equanimous when others are greedy and equanimous when others are fearful. 

[Alternatepriorities]

You do know what happened after 1987, right?

I think that's Vand's point here. We've entered the fear stage and it might be time to be greedy. It's looking like I will be skipping on some optional spending this year so I can buy more shares... so the fun top is in.

I don't have anywhere close to the resources, skill, or interest that Warren Buffett has.  I try my best to be equanimous when others are greedy and equanimous when others are fearful.

I think that's a good option too. It seems like travelling might not be much fun this year anyway which will free up some cash for us. I'm not especially greedy now but I am willing to delay some gratification with stocks on sale that I wasn't when they were touching all time highs... It worked out well in '08-'09

[Buffaloski Boris]

The worst single day for stocks since 1987.

For those who like to trot out the Warren Buffett quotes every time the market dips... are you actually following through and BEING GREEDY right now? Because this is a full blow panic.


The market has lost nearly 1/3rd of its value. I suspect that even Mr Buffett is getting mildly interested now that valuations have retreated from the stratosphere.

This isnt done yet, my friend. We’re only about 2 weeks into this.

[Alternatepriorities]

So, if high to bear took about 1/9 as long as average we should hit the bottom in about 9 trading days?

Is there a historical precedent for this? I'd rather it bottom out and be flat for a couple months so we all have more time to buy in before it starts its inevitable climb again but I'm unlikely to get what i wish for.
 

[DavidAnnArbor]

The worst single day for stocks since 1987.

For those who like to trot out the Warren Buffett quotes every time the market dips... are you actually following through and BEING GREEDY right now? Because this is a full blow panic.


The market has lost nearly 1/3rd of its value. I suspect that even Mr Buffett is getting mildly interested now that valuations have retreated from the stratosphere.

Yes actually. I have about $50,000 in cash most of which I have to now invest in the market in my individual 401k plan for the 2019 tax year.