How far can the stock market fall?

All is well but the stock certificates are still valid. And I repeat. The value is what you can sell them for even if the stock is delisted. In fact I have some mining stock that I'm hanging on to. And I have some stock in a golf club that I can't sell but then I can still vote at the shareholders meeting.

So what's the value. Well in order to join the club you have to be a shareholder. I bought some stock in another golf club in town. I was going to join that club. Someone just bought it. So I'll just hang on.
I don't golf anymore. It's just too expensive now that I am retired.

Then there was a supper club in town and the owners were heavy investors. They wallpapered the bathroom with stock certificates. Look what they saved on wallpaper.

I was surprised. Most of the certificates were for a brassiere company.
 

All is well but the stock certificates are still valid. And I repeat. The value is what you can sell them for even if the stock is delisted. In fact I have some mining stock that I'm hanging on to. And I have some stock in a golf club that I can't sell but then I can still vote at the shareholders meeting.

So what's the value. Well in order to join the club you have to be a shareholder. I bought some stock in another golf club in town. I was going to join that club. Someone just bought it. So I'll just hang on.
I don't golf anymore. It's just too expensive now that I am retired.

Then there was a supper club in town and the owners were heavy investors. They wallpapered the bathroom with stock certificates. Look what they saved on wallpaper.

I was surprised. Most of the certificates were for a brassiere company.

Sure, the shares are still valid, but worthless if the company goes belly-up. Sort of like confederate money.
If a company goes bankrupt and you are holding common shares, it is highly unlikely that you will see dime one. OTOH, if you are holding any preferred stock and there is a few measly bucks left after paying everyone else, you may see a few pennies. No one is going to buy stock in a bankrupt company. I know, I held GM stock back in 2009 until the end. But, I did buy some $1.00 Ford stock and sold at $5.00.
 
Sure, the shares are still valid, but worthless if the company goes belly-up. Sort of like confederate money.
If a company goes bankrupt and you are holding common shares, it is highly unlikely that you will see dime one. OTOH, if you are holding any preferred stock and there is a few measly bucks left after paying everyone else, you may see a few pennies. No one is going to buy stock in a bankrupt company. I know, I held GM stock back in 2009 until the end. But, I did buy some $1.00 Ford stock and sold at $5.00.
When it comes to the stock market I believe in miracles. A company I had shares in were offering to buy them back at $12 I paid $7 so I sent them in. I was late so they came back. The stock went to $25 and are now paying dividends. It's better to be lucky than good.
 
Sure, the shares are still valid, but worthless if the company goes belly-up. Sort of like confederate money.
If a company goes bankrupt and you are holding common shares, it is highly unlikely that you will see dime one. OTOH, if you are holding any preferred stock and there is a few measly bucks left after paying everyone else, you may see a few pennies. No one is going to buy stock in a bankrupt company. I know, I held GM stock back in 2009 until the end. But, I did buy some $1.00 Ford stock and sold at $5.00.
You can sell confederate bills to collectors. Silver and gold coins even better.
 
I live just about a half hour from Gettysburg. The last time I was there and visited a gift shop, I could have bought about a $100 in confederate money for about $4.00. The money is worthless. It's not even a collector's item. Usually kids buy it to take to school and use it for "Show & Tell." In the gift shops, the money is all reprints.

Th "real" Confederate money would probably bring a good price.
 
Today we don’t even see a stock certificate.....it usually is held in street name at the brokerage
The last time that I received any shares was in the early ‘80’s when I bought a local utility. I received one, 500 share certificate of the local water company.

Even if I buy gold or silver, I see it on online. Buying certificates instead of bullion saves me 6% in sales tax.
 
I live just about a half hour from Gettysburg. The last time I was there and visited a gift shop, I could have bought about a $100 in confederate money for about $4.00. The money is worthless. It's not even a collector's item. Usually kids buy it to take to school and use it for "Show & Tell." In the gift shops, the money is all reprints.

Th "real" Confederate money would probably bring a good price.
What is 'real' Confedate money? I'm amazed it's still around.
 
What is 'real' Confedate money? I'm amazed it's still around.
Authentic confederate money can only be found in museums and also some collectors do hold it.

It’s made on rough paper, like rice paper or papyrus paper. I gave even seen some of it having color printed on it. The majority of it was destroyed years ago.
 
The last time that I received any shares was in the early ‘80’s when I bought a local utility. I received one, 500 share certificate of the local water company.

Even if I buy gold or silver, I see it on online. Buying certificates instead of bullion saves me 6% in sales tax.
When I started buying stocks I received stock certificates. They had beautiful art work on them.
 
When I started buying stocks I received stock certificates. They had beautiful art work on them.

I did, too, but then I worried they would get lost or burn in a fire, and if you wanted to sell you first had to mail them in (and worry about lost mail). I like it better this way, I just print out the list of trades occasionally to have a paper trail and the transaction number for backup.
 
Boeing closed today at $97.70 On February 14th it was $348.91 a drop of $251.21 per share in one month!! The govt. may have to bail them out because they are too critical to collapse. Looking at my stocks it is very tempting to buy but I am not ready to leap just yet. I think this corona thing will shed new light on internet buying so Walmart and Amazon which I own may see good times ahead. I am not big on mutual funds but buying an all markets index fund might be a safe bet being they are all beat down.
 
Boeing closed today at $97.70 On February 14th it was $348.91 a drop of $251.21 per share in one month!! The govt. may have to bail them out because they are too critical to collapse. Looking at my stocks it is very tempting to buy but I am not ready to leap just yet. I think this corona thing will shed new light on internet buying so Walmart and Amazon which I own may see good times ahead. I am not big on mutual funds but buying an all markets index fund might be a safe bet being they are all beat down.

I bought a few shares of BA at 100.00 and have a limit buy for a few more at 80.00. I doubt very much they will go bankrupt, I've been waiting to buy since they were 400.00. If you want an all market fund, get the S&P500 etf SPY, I'm waiting for their 50% discount at 170.00. I have patience. :cool: It's not'''all markets'' but it has the biggest 500 companies.

BTW, I read BA may cut down or eliminate their dividends, but I don't care, that's not why I like them.
 
I bought a few shares of BA at 100.00 and have a limit buy for a few more at 80.00. I doubt very much they will go bankrupt, I've been waiting to buy since they were 400.00. If you want an all market fund, get the S&P500 etf SPY, I'm waiting for their 50% discount at 170.00. I have patience. :cool: It's not'''all markets'' but it has the biggest 500 companies.

BTW, I read BA may cut down or eliminate their dividends, but I don't care, that's not why I like them.
I think ba will go like GM , and a host of others who declare bankruptcy, wipe out debt , wipe out shareholders and come back clean as a whistle
 
I bought a few shares of BA at 100.00 and have a limit buy for a few more at 80.00. I doubt very much they will go bankrupt, I've been waiting to buy since they were 400.00. If you want an all market fund, get the S&P500 etf SPY, I'm waiting for their 50% discount at 170.00. I have patience. :cool: It's not'''all markets'' but it has the biggest 500 companies.

BTW, I read BA may cut down or eliminate their dividends, but I don't care, that's not why I like them.
By "all markets"I mean a fund that has all indexes covered. I think Vanguard has one. Boeing still can't get that plane that crashed twice cleared for takeoff and that is adding to their misery.
 
My "Crystal Ball" is telling me Dow 17,000, S&P 2000, NASDAQ 6,000. Then, only if these wild swings have ceased, will I be inclined to jump back into the markets. I'm concerned that the unemployment numbers will rise substantially in coming weeks and months as a result of all the cutbacks and shutdowns that will surely be coming as this virus continues to spread.
 
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Boeing closed today at $97.70 On February 14th it was $348.91 a drop of $251.21 per share in one month!! The govt. may have to bail them out because they are too critical to collapse. Looking at my stocks it is very tempting to buy but I am not ready to leap just yet. I think this corona thing will shed new light on internet buying so Walmart and Amazon which I own may see good times ahead. I am not big on mutual funds but buying an all markets index fund might be a safe bet being they are all beat down.
I talked to my son yesterday afternoon and he had just purchased some Boeing stock. He thought the price was too attractive to pass up. Personally, I am not buying anything.
 
I wouldn't be surprised if the S&P goes down to 1,700. When hundreds of thousands of unemployment claims become the norm and earnings reports are negative, the market is going to freak even more. While I'm young enough to still have a decent amount of money in the market, I converted a lot to cash last year. Since then I've only been buying little bits of individual stocks that were on sale.
 


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