Dow Sees Biggest-Ever One-Day Plunge, Closes down 2,013 points on coronavirus fears.

oldmontana said:
When the coronavirus "thing" is over I look for stocks to come back close to were they were a month ago. Stocks are down so low I do not think its the time to sell unless one needs money. We will keep getting our dividends and like you..ride it out.

What surprise me is utility stocks are down so much when people are still going to use power, even if they do not work.
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One of the talking heads on CNBC stated the same thing just the other day. Industrials and Transportation stocks are understandable being down, but utilities falling along with the rest of the market comes as a head scratcher to me.

I am not an Economist or Analyst and never even studied it in college. I find some (actually, a lot) of this financial stuff baffling. I use common sense by watching certain numbers and then applying them to what is being discussed. Some of it does make sense, but then again......
 

oldman said:
Gold prices are under pressure probably because of the volatility of the market and that investors are seeking to sell and hold cash. The PPI hasn’t moved either way very much and inflation is also not an issue. So, investors during times like this will sit on the sidelines counting their cash while they are waiting for the market to begin a rebound.
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Ppl was down almost 9% today ....that puts it down including any dividends about 25% this last month
 

Aunt Bea said:
So gold wasn't such a good investment after all.

Precious metals and commodities are fine they are just not for me.
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As usually I bought high, but it does stagger my mind that the price of gold is falling along side the price of stocks.
 
oldman said:
One of the talking heads on CNBC stated the same thing just the other day. Industrials and Transportation stocks are understandable being down, but utilities falling along with the rest of the market comes as a head scratcher to me.

I am not an Economist or Analyst and never even studied it in college. I find some (actually, a lot) of this financial stuff baffling. I use common sense by watching certain numbers and then applying them to what is being discussed. Some of it does make sense, but then again......
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"Perhaps" a good time to buy. But I fear the dip is not quite done yet.
 
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