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The stock market and the economy are not the same thing
Posted by: freeradical
Date: June 05, 2020 12:07AM
I just dared to login to my Vanguard account, and I was pleasantly surprised as most of my paper losses have recovered.

This is a snapshot of the S&P 500 index fund:


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Re: The stock market and the economy are not the same thing
Posted by: Sarcany
Date: June 05, 2020 07:05AM
Glad it's working out for someone.

Even with the market-recovery, I'm down 15% for the year.

OTOH, I made some good buys during the last crash... OTOOH, they're what's propping up my portfolio.



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Re: The stock market and the economy are not the same thing
Posted by: mrbigstuff
Date: June 05, 2020 08:19AM
Don't let the impending recession alter your decision to sell. (That's sarcasm.)
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Re: The stock market and the economy are not the same thing
Posted by: norse
Date: June 05, 2020 10:20AM
Yesterday, my Vanguard account came back and exceeded from the loss within 3 months.
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Re: The stock market and the economy are not the same thing
Posted by: jonny
Date: June 05, 2020 11:33AM
Just sold a chunk of Apple.
It may not be the same as the economy, but it will respond to it eventualy.
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Re: The stock market and the economy are not the same thing
Posted by: Ammo
Date: June 05, 2020 11:49AM
Markets up today after jobless numbers decline. Next week it will be down for some equally logical reason. That’s the sum of my investment acumen.



Where is there dignity unless there is also honesty? - Cicero

Be kind, for everyone you meet is fighting a battle you know nothing about. —Wendy Mass
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Re: The stock market and the economy are not the same thing
Posted by: Lew Zealand
Date: June 05, 2020 12:46PM
Quote
jonny
Just sold a chunk of Apple.
It may not be the same as the economy, but it will respond to it eventualy.

Apple's at an all-time high so it appears you've chosen well, Padawan.
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Re: The stock market and the economy are not the same thing
Posted by: mrbigstuff
Date: June 05, 2020 10:16PM
Quote
Ammo
Markets up today after jobless numbers decline. Next week it will be down for some equally logical reason. That’s the sum of my investment acumen.

You know, that's pretty damn accurate, and close to how I feel about the market, too.



Edited 1 time(s). Last edit at 06/05/2020 10:16PM by mrbigstuff.
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