So huge stock market crash today due to US recession fears.
What is everyone thinking?
Stock Market Crash - WYD?
itslittfam on 05/08/2024 - 16:33
Last edited 05/08/2024 - 16:33
Last edited 05/08/2024 - 16:33
Poll Options
- 92Hold and wait for more info
- 26Sell
- 320Buy the Dip
Comments
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My only stocks are in super and I'm not retiring soon, It's been a good year for them, this might take a bit away from that. Anyway, just going to leave it be, they will recover (indexed balanced) from whatever happens.
How low will the Dow go!
Depends if you're a short or long term trader, doesn't matter which exchange you're at.
Pretty easy to day trade into a loss. Long term there will always be recoveries, just depends on time scale. I'm tied up in US stocks and its a sea of red, means I'm a bag holder for a awhile.
Long term there will always be recoveries, just depends on time scale.
I seem to recall seeing a Japanese index 30+ years ago still not yet to recover…
I seem to recall we're not in Japan.
You mentioned the US, so why is it not ok to mention the Japanese index?
Buy gold. The US empire is crumbling.
There's an old saying: Never catch a falling sword.
hardly a crash more of a minor correction…… for now
Sell first, think later.
This will be a deep and long correctionFor what reason?
This is just an excuse to sell and take profits since last 3 mths the USA market has gone up like crazy..last 3 mths the USA market has gone up like crazy..
exactly this
Dow Jones futures up 0.57%, S&P 500 futures up 0.94% and Nasdaq futures up 1.31% at the moment, which complicates things. ASX SPI 200 is down only a little -0.36%. Maybe the sell-off is waning
Or it could be a dead cat bounce?
i just tried it on my cat, it went thud. no bounce
But was it dead before or after the thud?
These little bounces are commonplace for initial falls. It's not waning, news isn't likely to get better.
Is margin lending worth it for buying the dip?
Worst thought ever. Anyone with a margin loan through the GFC can tell you that!
If the dip turns into a slump or crash and you get a margin call, you're screwed - basically sells down your investment at lower rate than you bought it. Even if you have cash available to avoid the margin call (and avoid selling your investment at low rate), you miss buying through the downturn because you have to feed cash into your margin loan to keep your LVR above margin limit.(speaking from personal experience - I didn't lose anything, but lost a whole of opportunity to buy at the bottom)
lol, last 3 weeks market go up like crazy.. 3 days deep red .. people spouting this and that and reserve bank is going to cut interest rates to nothing…
You know it is a slow news day when they are having to resort to stock market headlines.
Just means my weekly buy today gets me more than it would have last week.
I like the attitude
Absolutely. Keep buying through the downs and ups. Time in the market…
what are your thoughts on fees of weekly buying?
i tend to let savings accumulate and buy once or twice a year.
but i just did a bpay deposit (free, but depends on bank?), AUD to USD forex trade ($2 fee), US stock buy ($1 fee) and realised the fees with IBKR are not as significant as when I first started, using Selfwealth with 9.50 transaction fee and bad Forex spreads.
edit : to buy the dip
what are your thoughts on fees of weekly buying
CMC Market…my buy fees are $0
Thanks for this, was a good read and added to my list. Nice, level analysis of historical trends and metrics before, during and after crashes.
The market is impossible to predict but people's hysterical freakouts over market movements are so reliable.
Only losers care about making fake digital money
Go outside and smell some flowers
Not a huge crash at all, a couple of percent. A huge crash is what happened in 1987, or the GFC. Don't follow the stupid OTT news headlines shouting BILLIONS WIPED OUT about this stuff.
DCAD
What is everyone thinking?
Time to start dinting some cans at the shops
Crash? The Dow is back where it was a few weeks ago and futures are looking up.
Hardly a crash.
Better hope their current price decline doesn't continue or those divs won't cover the share price drop
Yes. Fortescue was a good buy until last year but I wouldn't go there now - Forrest's green dreams are in tatters and soaking up shareholder money.
You do understand that when a dividend pays out that the share price drops by roughly the same percentage? Buy the business not the dividend.
lol most useless thing ever. don't you know when shares pay dividends the share price drops the exact same amount, so cashing a dividend is no different than selling a small portion of your stock. Dividends are the fool's gold of stock investment.
edit: just realised someone wrote pretty much the same comment before me haha
Yep a lesson in shares 101 from the experts here, lucky I didn't mention I bought them on ML 😂
What kind of an amateur thinks that couple of days in the red is a 'crash'?
Please go check your history before acting like Chicken Little.
😂😂😂
Someone who hasn’t been in the market for over 30 years.
That would be me. I’m 25 🥲
HODL
Time for people to sell all and soil themselves.
Paniccccc waaaarrrrrrggggghh!
I sold my few million Nvidia shares. Thinking about what to do next
Few million nvidia shares…you can easily retire with that
I could. But I think I want to jump into something risky. Maybe some up and coming crypto
Invest with ftx bro I heard they are good bunch
all-in into those crypto bored ape NFT's and you're set for life
It wasn't that big. It dropped back to where it was 2 months ago. Wait till you drop 20% and then you can poop your pants
Worst case, governments will simply do more QE (inflate the money supply) to ensure number goes back up.
It's not a crash, its a correction.
Nothing better than bad economic times. Low inflation, cheap and easy bargains on the share market and property market and as long as your job security is good, no worries.
you'll get better returns having the money sit in a high interest savings account. ASX is just another big scam… do small time investors really think they can outsmart the big players who usually own such a large chunk of a company they can literally dictate the price however they see fit.
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Also Macquarie Bank looks good too