The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success

NOTABLE! Stock Market Crashes on Open, Circuit Breakers Trip

Remove ads while supporting the Unscripted philosophy...become an INSIDER.

Zhyna

New Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Dec 17, 2014
14
14
28
7% dip right on market open. Utter chaos. That coupled with the BTC drop at around 30% just 4 hours prior. Never seen anything like this. Can't see a bottom anytime soon.....
 

Don't like ads? Remove them while supporting the forum. Subscribe.

NovaAria

Bronze Contributor
Read Millionaire Fastlane
Speedway Pass
Jul 18, 2018
74
172
141
Even gold has been plummeting. I expected this one to be the store of value for when people sell their stocks.
Where is all the money going?
 

JohnBuffet

Contributor
Feb 9, 2017
122
69
61
NJ
Is anyone using this as an opportunity to buy? I was thinking to finally buy into an index but I don't think we're at the bottom yet. I know that no one knows when that could be, but with Corona it looks like things are going to keep getting worse for a while.

Things might be at discounted price but I fear buying today will just result in further loss. I mean everything is getting shut down, even the NBA! I figure it's best to wait it out for a while..
 

GPM

Platinum Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Oct 25, 2012
706
3,047
775
Canada
Even gold has been plummeting. I expected this one to be the store of value for when people sell their stocks.
Where is all the money going?
I saw that. Gold, silver and crypto are all just crashing like crazy. I figured they at least would somewhat hold their value? Especially the metals.
 

Vigilante

Legendary Contributor
Staff member
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Oct 31, 2011
10,152
60,224
4,655
Gulf Coast
I saw that. Gold, silver and crypto are all just crashing like crazy. I figured they at least would somewhat hold their value? Especially the metals.
Silver seems to be holding and higher than last year same time
 

MTEE1985

Platinum Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Speedway Pass
Jun 12, 2018
647
2,585
648
Arizona
I saw that. Gold, silver and crypto are all just crashing like crazy. I figured they at least would somewhat hold their value? Especially the metals.
One school of thought is the “when in doubt, get out” mentality.

The second is that their are a high number of margin calls going on this week so other assets are being sold to raise cash to cover those.
 

mon_fi

Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Mar 3, 2020
71
65
48
Brussels
We called it black Monday, but it was probably grey Monday. THIS is black Thursday.
 

BellaPippin

Aluminum Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jul 16, 2015
1,031
2,372
567
30
Chicago, IL

Vigilante

Legendary Contributor
Staff member
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Oct 31, 2011
10,152
60,224
4,655
Gulf Coast
One school of thought is the “when in doubt, get out” mentality.

The second is that their are a high number of margin calls going on this week so other assets are being sold to raise cash to cover those.
It’s amazing what’s happening because the margin calls are wreaking havoc on the stock prices. OTC stocks are dollar for dollar meaning they’re not marginable but they are used as collateral for margin accounts. Market managers in OTC stocks are backing off of the bid prices, watching margin calls happen, and scooping up buckets of OTC stocks that are being sold to cover at 10% of the regular trading price. The holder of the margin account that busts is powerless as non margin holdings are sold way below market price to collateralize margin calls. Everything is liquidated.

This is the second day in a row of this which makes sense because typically a margin call has three days to cover. The bloodbath started yesterday on the third day of the trading week.
 

Don't like ads? Remove them while supporting the forum. Subscribe.

OP
OP
MJ DeMarco

MJ DeMarco

Administrator
Staff member
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jul 23, 2007
30,014
107,099
3,751
Fountain Hills, AZ
The VIX is at 77, nearing an all-time high ... which was 89 back in the 2008 market crash.
 

LightningHelix

Bronze Contributor
I've Read UNSCRIPTED
Speedway Pass
Mar 26, 2015
104
205
155
33
Markets are already back to early 2017 levels. FIRE folks retirements are getting pushed back by years in just a matter of days...
I feel sorry for the slowlaners...

Hopefully those on the forums can take it as further proof of the risk in the slowlane strategy.

You are at the complete mercy of any random occurance, such as a virus. In the span of 35-40 years of saving its not a question of IF, but a question of WHEN.
 

Tossek

Bronze Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
May 5, 2019
110
112
126
Germany
I feel sorry for the slowlaners...

Hopefully those on the forums can take it as further proof of the risk in the slowlane strategy.

You are at the complete mercy of any random occurance, such as a virus. In the span of 35-40 years of saving its not a question of IF, but a question of WHEN.
I disagree here a bit - such random occasions(floods, hurricanes, disruptive technology et cetera) can hit any business. Any industry. As I can shift from air lines to bonds, I will have to adapt to my customers. I will have better and worse time. But the feeling of control and redundancy is or can be made higher, yes.

E.g.:

I hope you don't have an fba business when amazon shuts down...
 
Last edited:

MitchC

Silver Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Mar 8, 2014
510
795
315
I disagree here a bit - such random occasions(floods, hurricanes, disruptive technology et cetera) can hit any business. Any industry. As I can shift from air lines to bonds, I will have to adapt to my customers. I will have better and worse time. But the feeling of control and redundancy is or can be made higher, yes.

E.g.:

I hope you don't have an fba business when amazon shuts down...
You don’t spend your entire life waiting for your amazon business to make you rich only to have it get shut down and lose all your money one day right before you retire.

You make a lot of money very quickly, keep that money, and pivot into something else or retire young if it gets shut down.

Not sure which version of millionaire fastlane you read but it wasn’t the same book I read.
 
OP
OP
MJ DeMarco

MJ DeMarco

Administrator
Staff member
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jul 23, 2007
30,014
107,099
3,751
Fountain Hills, AZ
PSA: The market is up. The last time Trump spoke, the markets took a swift decline. If he announces a CV positive (conference starts in a few hours), it could send the markets plummeting off this rebound. Consider the market is on a small rebound today, it could be an opportunity to buy some puts. I normally would NEVER recommend buying puts at a VIX 72, but that volatility isn't going to go away for a few weeks. Hold time would be a few hours, to a few days.
 

MitchC

Silver Contributor
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Mar 8, 2014
510
795
315
It was the one with the money systems at the end which I think contained stocks. A huge amount of stocks.
Which has nothing to do with amazon shutting down if you had an amazon business
 
OP
OP
MJ DeMarco

MJ DeMarco

Administrator
Staff member
EPIC CONTRIBUTOR
FASTLANE INSIDER
Read Millionaire Fastlane
I've Read UNSCRIPTED
Summit Attendee
Speedway Pass
Jul 23, 2007
30,014
107,099
3,751
Fountain Hills, AZ
I posted this in the other thread, but this might be a better place...

The market (thus far, it is still ongoing) loved the press conference. I'm guessing it was the coordination with public/private interests. I was pretty impressed, but I am just one opinion. Money poured into the market, and the market represents millions of minds and trillions of dollars.
Also of note is volatility which to me, is the bigger indicator. The last market "rebound" had very little reversion which indicates the rebound wasn't trusted. This one had some power to it because the VIX backtracked 20%+. Still, at 50+, it doesn't portend the end of this, just maybe that the low has been locked in.

News reports have stated it is the end of the bull market. I am, however, still trading with a bullish (long) outlook. The big question traders/investors always ask is, "Is it priced in?" Does the market already reflect all the closings, the cancellations, the lower consumer spending, and the lower earnings reports ... a big question to ponder for anyone investing.
 

Rivoli

Silver Contributor
FASTLANE INSIDER
Speedway Pass
Jun 4, 2018
349
572
239
Orange County, California
I posted this in the other thread, but this might be a better place...



Also of note is volatility which to me, is the bigger indicator. The last market "rebound" had very little reversion which indicates the rebound wasn't trusted. This one had some power to it because the VIX backtracked 20%+. Still, at 50+, it doesn't portend the end of this, just maybe that the low has been locked in.

News reports have stated it is the end of the bull market. I am, however, still trading with a bullish (long) outlook. The big question traders/investors always ask is, "Is it priced in?" Does the market already reflect all the closings, the cancellations, and the lower earnings reports ... a big question to ponder for anyone investing.
You’ve said a couple times over the past two weeks that you maintain a bullish outlook. What’s your guess for the next 18 months? Goldman Sachs said we’re going to have a recession but then a strong recover q4. What do you think?
 

Don't like ads? Remove them while supporting the forum. Subscribe.

Ahmet1054

New Contributor
Feb 20, 2017
22
12
19
Paris, France
Hi everyone. I think you guys investing on the U.S stock market should wait a few weeks still because:
- the shit storm will strike even harder in the U.S when a strong quarantine will be imposed in every state, just like what we see in Western countries ATM
---> the unemployment rate is a good indicator: 3% ATM, it will raise up to 20% IMHO
- the real crisis won't come form COVID-19: a vaccine will be developed within a few months, the pandemic will be healed. The real depression will come when the FED decides to raise the short-term interest rate. Then, the $ goes up, emerging countries' currencies get weaker // $, a lot of businesses go bankrupt and a credit crisis follows because the debt market is ducking huge right now, bigger than the housing bubble of 2008. The true crisis will be a credit crisis.

So 2 things to watch really:
- the unemployment rate: wait until it gets up to 20%
- the interest rate on the $: a raise will trigger a credit crisis
 

LightningHelix

Bronze Contributor
I've Read UNSCRIPTED
Speedway Pass
Mar 26, 2015
104
205
155
33
Hi everyone. I think you guys investing on the U.S stock market should wait a few weeks still because:
- the shit storm will strike even harder in the U.S when a strong quarantine will be imposed in every state, just like what we see in Western countries ATM
---> the unemployment rate is a good indicator: 3% ATM, it will raise up to 20% IMHO
- the real crisis won't come form COVID-19: a vaccine will be developed within a few months, the pandemic will be healed. The real depression will come when the FED decides to raise the short-term interest rate. Then, the $ goes up, emerging countries' currencies get weaker // $, a lot of businesses go bankrupt and a credit crisis follows because the debt market is ducking huge right now, bigger than the housing bubble of 2008. The true crisis will be a credit crisis.

So 2 things to watch really:
- the unemployment rate: wait until it gets up to 20%
- the interest rate on the $: a raise will trigger a credit crisis
Agreed on everything, except a vaccine in a few months, I think it will take longer than that. I think it might be a while to wait.
 

MaxMax

New Contributor
Read Millionaire Fastlane
I've Read UNSCRIPTED
Mar 22, 2020
9
5
14
Germany
So 2 things to watch really:
- the unemployment rate: wait until it gets up to 20%
- the interest rate on the $: a raise will trigger a credit crisis
thanks for your assessment and opinion.

Agreed on everything, except a vaccine in a few months, I think it will take longer than that. I think it might be a while to wait.
What you guys think will be the bottom of the market ? The S&P 500 is currently at 2.240. I think that is pretty low and I don't see so much space to go even lower...
 

LightningHelix

Bronze Contributor
I've Read UNSCRIPTED
Speedway Pass
Mar 26, 2015
104
205
155
33
thanks for your assessment and opinion.



What you guys think will be the bottom of the market ? The S&P 500 is currently at 2.240. I think that is pretty low and I don't see so much space to go even lower...
I don't know 100% (I don't have a crystal ball.) However, today Canadian provinces have started shutting down all nonessential business. I imagine at the rate US cases are growing, they will either follow suit or even worse declare martial law. That will push the market down much further. Not too mention the rampant following unemployment.

I see the situation becoming a recession, border-lining depression. Currently, there is no indicator that we are coming out of this yet.
 

hellolin

Bronze Contributor
Speedway Pass
May 27, 2015
219
275
173
34
y going all in on these indexes. Two months ago at an all time high your planning your vacation on the beach and two months later it’s all
My boss was planning to retire in 3 years at age 62, now he will retire by 65 if he is lucky.
 

Create an account or login to comment

You must be a member in order to leave a comment

Create account

Create an account on our community. It's easy!

Log in

Already have an account? Log in here.

Sponsored Offers

  • Sticky
MARKETPLACE Lex DeVille's - Advanced Freelance Udemy Courses!
Advanced Upwork Proposals II IS FINALLY LIVE! Here's a look at what's inside: Improved YOU...
  • Sticky
MARKETPLACE You Are One Call Away From Living Your Dream Life - LightHouse’s Accountability Program ⚡
Here is where you eliminate uncertainty from the future! I wanted to post this image as I...
  • Sticky
MARKETPLACE KAK’s “Kill Bigger” Incubation Program- With DAILY personal attention.
Hey Guys! I wanted to give a quick update on what this program has become. In its infancy, we...


Don't like ads? Remove them while supporting the forum. Subscribe to become an INSIDER.

Fastlane Insiders

View the forum AD FREE.
Private, unindexed content
Detailed process/execution threads
Monthly conference calls with doers
Ideas needing execution, more!

Join Fastlane Insiders.

Top Bottom
AdBlock Detected - Please Disable

Yes, ads can be annoying. But please...

...to support the Unscripted/Fastlane mission (and to respect the immense amount of time needed to manage this forum) please DISABLE your ad-block. Thank you.

I've Disabled AdBlock