Coronavirus/Stocks when to buy

[Smallcock]

When do you think stocks will hit bottom? A year from now?

The S&P500 closed at below 3000. If you're investing in a S&P500 index fund, when will you invest? At 30% decline? 60%?

What is Warren Buffet doing/planning?

There's nothing we can do to stop the contagion, sadly. All that we can hope for is to make $$$ out of a bad situation.

 

[bazokajoe]

Personally I think the ups and downs of the stock market will only last about 6 months. By September they will start to recover. Summer months are usually slow months to begin with.
Good stocks won't go down that much. My 1 stock holding is only $0.33 off it's 52 week high. Keeping my eye on ENB for a quick flip. Avoid pot companies at all costs. The reality of rushed expansion and pricing is starting to show.
Airline stocks are another to avoid,for now.
Times like this are great buying opportunities.
Warren Biuffett is pulling out a 4 billion investment in Canada due to our idiot PM and his policies.

 

[Damnthealiens]

Keep buying unlike 2008 this is not a structural issue with the economy and more to do with markets overreacting. One good message and they are going to bounce back at the same rate.

 

[angrymime666]

it all took a dump today.

only thing that hasnt really dumped are my utilities(H and FTS) minus enbridge.

 

[riskybusiness]

I've bought a little on the way down..bought small amounts about a week ago and small amounts this morning....held back on buying more but I plan to dump a good amount into the market at some point

 

[danmand]

I am looking at the Canadian banks.

A month ago, analysts had BMO on a "strong buy" at $101. After that the stock went to $104.

Today it traded at $75, that is close to a 30% drop.

I have cash and would like to buy a handful of the Canadian banks at the bottom. I am still keeping my powder dry, but how long?

 

[Goodoer]

This would be the time to buy Canadian Bank stocks. When to buy is product of greed and time frame.

 

[daywalker11]

Things are just ramping up. We will get to sun 2K on the S&P. Start buying index ETFs, GLD and USO. The only way out of this is inflation.

Calling it now, something happens in the Middle East to spike the price of oil. US is not going to let its producers go bankrupt.

 

[glamphotographer]

Is the Robinhood app still up and running?

 

[glamphotographer]

I cashed out, using the money to build my bunker.

 

[takrak]

Bye bye WCS..

https://www.bloomberg.com/news/articles/2020-03-11/saudi-tankers-aimed-at-u-s-gulf-coast-could-push-out-canada-oil

 

[superstar_88]

huge uptick today

 

[Goodoer]

You just know that the true rich people are a getting disgustingly more rich due to the panic and market churn. They know in advance when to get out and when to buy.

 

[bazokajoe]

Before I go to bed tonight I will check on the oversea's market and might place an order for some beaten down stocks.

 

[faveone]

My advice...wait to you hear that Trump announces that the 'infection rate' has 'flattened out' and then BUY !!! Until then there is no bottom.

But make no mistake, there will be wave 2 just as there was with SARS so 2020 is going to be a roller coaster ride !!

I invested in 5G and graphite companies the last few months (along with blue chips like APPLE) and did ok. These will all bounce back. One to watch is the Airlines who are taking a huge hit right now but once we get thru this crisis, they will take off again (Air Canada has gone from $50 to $20.. huge potential once international travel spins up again!)

Don't say you weren't advised!

 

[faveone]

You just know that the true rich people are a getting disgustingly more rich due to the panic and market churn. They know in advance when to get out and when to buy.

the 'rich' are just sitting on the fence right now with their cash just waiting to buy! I almost pulled the trigger on putting in an order to buy 500 shares of AC this morning before the markets opened and I reminded myself that the 'right time' was not yet realized and saved myself a $2500 hit! Thank god I stepped back and took a reality check before committing. As I said in my last post, wait until we've reached the apex and as soon as first news comes out that the infection rate of the virus has flattened out in the USA just wait the tide but when the news hits... BUY !! BUY!! Window of opportunity will be short but sweet!

 

[Smallcock]

Goldman is saying the s&p500 could drop as low as 2000. This would be 2014 prices. Would have to buy if that comes true. They also predict a return to 3200 by the end of the year but that’s anyone’s guess.

 

[bazokajoe]

Bought some shares of BMO. Beaten up so in a year it should be back to 100+

 

[HOLLYWOODG]

Bought some shares of BMO. Beaten up so in a year it should be back to 100+

More than a year buddy... going to be a lot of bankruptcies, foreclosures and a deep recession because of these circumstances. But if you have money to forget about for several years it will hit $100+ inevitably.

 

[Ceiling Cat]

Bought some shares of BMO. Beaten up so in a year it should be back to 100+

More than a year buddy... going to be a lot of bankruptcies, foreclosures and a deep recession because of these circumstances. But if you have money to forget about for several years it will hit $100+ inevitably.

The bottom line is that BMO is a safe bet for the short term ( 1 year ) it is certainly a good bet in the medium term. ( 3-5 years ) Bmo may even go lower, but in the long term it will rise.