Is this a bear market?

Thrugelmir

Prism said:

Oh, and before this virus markets were not overpriced and were not due a correction. They were pricing simply at the going rate which is always right.

Passive investors buy and sell the market. They influence the market without pricing the market. 

Prism

Thrugelmir said:

Prism said:

Oh, and before this virus markets were not overpriced and were not due a correction. They were pricing simply at the going rate which is always right.

Passive investors buy and sell the market. They influence the market without pricing the market. 

Yes they do. Its still the right price though regardless of if the buyers think it should be higher and the sellers lower.

Thrugelmir

Prism said:

Thrugelmir said:

Prism said:

Oh, and before this virus markets were not overpriced and were not due a correction. They were pricing simply at the going rate which is always right.

Passive investors buy and sell the market. They influence the market without pricing the market. 

Yes they do. Its still the right price though regardless of if the buyers think it should be higher and the sellers lower.

Market makers set actual prices and spreads. 
In a worse case scenario analysts today were suggesting that the S&P could fall another 30% to bottom out. 

torrence

Record gains today, biggest since 1933. Those gains won't be wiped out any time soon.

A small bit of profit taking tomorrow at worst but no more.

Like I said we've seen the bottom already. Happy to come back in a month to see who was right as challenged earlier. 

tigerspill

torrence said:

Record gains today, biggest since 1933. Those gains won't be wiped out any time soon.

A small bit of profit taking tomorrow at worst but no more.

Like I said we've seen the bottom already. Happy to come back in a month to see who was right as challenged earlier. 

It matters not whether you are "right" or not.  If it turns out as you say, this doesn't mean you knew any more than the rest of us - it is nothing more than a guess on your part.
Say you toss a coin, one person calls heads the other tails.  One will be right.  Doesn't mean they knew anything more than the other.  Just a guess.
However, if you put your house on this and every penny you have - then come back and tell us you are a millionaire on the back of your stance.

londonwayfarer

Thrugelmir said:

Prism said:

Thrugelmir said:

Prism said:

Oh, and before this virus markets were not overpriced and were not due a correction. They were pricing simply at the going rate which is always right.

Passive investors buy and sell the market. They influence the market without pricing the market. 

Yes they do. Its still the right price though regardless of if the buyers think it should be higher and the sellers lower.

Market makers set actual prices and spreads. 
In a worse case scenario analysts today were suggesting that the S&P could fall another 30% to bottom out. 

Analysts, that word always makes me chuckle. Grads and MBA's thrown into investment banks, learning what their analyst bosses know(basically nothing), picking up gimmicky words (IB speak) and then writing recommendations from cubicles - with no real world experience of how business are run. Often giving projected prices after major price drops/rises, their projections following what has already happened. I wouldn't bet my loose change on what analyst say - my parrot can pick up cards with more accuracy.

torrence

I could not agree more. The analysts who say the market may fall another 30% from here cannot have a clue!

1. The Fed package
2. S&P not giving up yesterday's gains any time soon
3. US going back to work in a few weeks then other countries will follow
4. Knowing 3 the market won't sell so heavily on the expected upcoming bad economic data

It is clear as day we've seen the market bottom within a few %!

MaxiRobriguez

torrence said:

I could not agree more. The analysts who say the market may fall another 30% from here cannot have a clue!

1. The Fed package
2. S&P not giving up yesterday's gains any time soon
3. US going back to work in a few weeks then other countries will follow
4. Knowing 3 the market won't sell so heavily on the expected upcoming bad economic data

It is clear as day we've seen the market bottom within a few %!

Fed package was expected. Number 2 isn't a reason. Number 3 is the intention but could be winded back. Number 4 could be whipsawed even harder because of number 3. 

I agree with the others who say it's a coin toss at the moment. If you're content with more risk then no reason not to buy more equities at this point but it doesn't necessarily make it the most efficient move. 

EdGasketTheSecond

Short FTSE @ 5720

ChesterDog

torrence said:

It is clear as day we've seen the market bottom within a few %!

What if something unexpected happens?
It is unexpected things that cause big market movements. Giving a prediction the status of a certainty ignores this.