After seeing the stock market problems what will you put off doing or buying?

Question

afer choosing say any thing on the subject you want or choose to comment on one from the list

Camping trips , getting pets

Parties for holiday or festivals

Go to summer Olympics or sporting events

Buy any new vehicles , travel to other countries

jewelry, furniture, electronics

Buying new electronics , furniture, apliances

Going to casinos or trains planes cruise ships boats

Select age and gender to cast your vote:

GirlGuy

Updates:

+1 y

An this is not about the coronavirus but how people will be cutting back due to the big loss in stock market an feeling that the economy will take a long time to recover from stock market

Answer 1

nightdrot

Master

Sorry, but again could not vote on your poll. Sorry.

Frankly, I don't intend to change much of anything. Lincoln once told a story of an Oriental monarch who called his wise men together and asked them to devise a phrase, to be ever in view, that would be always and forever true.

The wise men departed, pondered and returned to the king with an answer. The phrase that would forever be true? "This too shall pass."

Life will go on. Things will change and life will move on. As circumstance merits I will take what financial and other precautions seem merited. I have a girlfriend and we have three elementary school age children and I will do what I need to do to protect them and keep food on the table.

Beyond that, I will take things in their stride. We will stick with our usual vacation plans and will stay the course. As Rudyard Kipling wrote, "When you can keep your head about you when all others are losing their's, then you will be a man, my son."

Just so. The old joke was that the British Conservative Party never panicked - except in a crisis. The same might be said of the American media, therefore the markets and public generally.

It being debatable how much of a crisis this is. There are about 80,000 cases of coronavirus worldwide, about 2,000 deaths. In a world population of 7 BILLION. In the United States, there are just over 60 cases and no deaths - in a population of 330 million.

They just don't make crises like they used to. So the media - which gets ratings and "clicks" the louder the headlines - pushes the panic button and the markets, that bastion of the hard headed tough minded captains of industry and finance, reacts by having a simple nervous breakdown.

This also being aggravated by the fact that the market was somewhat overpriced relative to the state of the global economy. (Global growth overall is only about 0.9%, and American growth 2.1%. Not bad but hardly mind blowing.) So the market was looking for a pretext to bail - also slightly, ever so slightly, juiced by the horror a Sanders candidacy would raise.

Markets love risk but hate uncertainty and there is plenty of uncertainty right now. Ever thus shall there be and life will go on. So the reaction? "Oh my god we're all gonna die!!!"

It is a wee bit disproportionate.

So for my part, I have no plan to change plans. As a general rule it is always a good idea not to spend what you cannot afford. So the market will do its thing. Will in due course recover and I will continue my most important job - Family Tickle Monster to three little Munchkins.

In a phrase, life will go on.

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1 Person

pizzalovershouse

+1 y
Great 1 👍 an kets say it as is to many waste money on thinking the stock market will make them rich thaf can't aford to do so
nightdrot

+1 y
Could not agree more. I have money in the market - both directly and through my gfd's and my 401Ks.

We put in what we think we can and then don't fret about the rest of it.

Thanks for the thumbs up.
pizzalovershouse

+1 y
Awelcome an always great to hear your comments an it's funny the nuts that mess with you over being Republican an saying you dint vote for trump I say nite who you want to vote for of dont vote it's up to each
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pizzalovershouse

+1 y
Meant vote not nite
nightdrot

+1 y
Just saw your update. The two are not unrelated.

That said, the market has fallen about 12%. In 1987, the market fell about 20% relative to where it was at that time.

Want to know what happened?

Nothing. The market tottered for a few weeks and the economy continued to tick along - a mild recession only hitting in 1991 in response not to the market, but to the oil price spike that came out of the 1990-1991 Persian Gulf War. Even then, it was the third shortest shallowest recession of the post WWII era.

Put another way, unless you are playing the market like Las Vegas, there is nothing to fear. It comes and goes but the trend since 1933 has been a slow long term steady increase.

Stay the course. Keep an eye out but not to a paranoid degree and life will go on.

As to your last point, I wrote in Evan McMullen in 2016. This time, the one Democrat I might have considered has long since withdrawn. Those who are left are NOT impressive. (I was considering Senator Klobachar but then saw her town hall meeting on Fox and was decidedly underwhelmed.)

So I may hold my nose - since I won't not vote - and check the box for Trump. Alternatively, I might write in Senator Sasse. He is not running, but he is one of my favorites.
pizzalovershouse

+1 y
Dint realise people still can write in names instead of have non of the above which I think should be allowed to have on ballot me I leave it blank if I dont like a item on list but maybe if people felt that we the people votes counted we see 100 percent turn out
nightdrot

+1 y
It depends on the state. Every state is different. Some states do not allow write-ins. However, my home state of Michigan and my current state of Virginia both allow it. Though in the case of Michigan, for the vote to be recognized the person written in has to have been registered in the state to be eligible.
pizzalovershouse

+1 y
Oh dint know good to know have a good day
nightdrot

+1 y
You as well, my friend.
pizzalovershouse

+1 y
😊👍

Answer 2

pizzalovershouse

Great 1 👍 an kets say it as is to many waste money on thinking the stock market will make them rich thaf can't aford to do so

Answer 3

nightdrot

Could not agree more. I have money in the market - both directly and through my gfd's and my 401Ks.

We put in what we think we can and then don't fret about the rest of it.

Thanks for the thumbs up.

Answer 4

pizzalovershouse

Awelcome an always great to hear your comments an it's funny the nuts that mess with you over being Republican an saying you dint vote for trump I say nite who you want to vote for of dont vote it's up to each

Answer 5

pizzalovershouse

Meant vote not nite

Answer 6

nightdrot

Just saw your update. The two are not unrelated.

That said, the market has fallen about 12%. In 1987, the market fell about 20% relative to where it was at that time.

Want to know what happened?

Nothing. The market tottered for a few weeks and the economy continued to tick along - a mild recession only hitting in 1991 in response not to the market, but to the oil price spike that came out of the 1990-1991 Persian Gulf War. Even then, it was the third shortest shallowest recession of the post WWII era.

Put another way, unless you are playing the market like Las Vegas, there is nothing to fear. It comes and goes but the trend since 1933 has been a slow long term steady increase.

Stay the course. Keep an eye out but not to a paranoid degree and life will go on.

As to your last point, I wrote in Evan McMullen in 2016. This time, the one Democrat I might have considered has long since withdrawn. Those who are left are NOT impressive. (I was considering Senator Klobachar but then saw her town hall meeting on Fox and was decidedly underwhelmed.)

So I may hold my nose - since I won't not vote - and check the box for Trump. Alternatively, I might write in Senator Sasse. He is not running, but he is one of my favorites.

Answer 7

pizzalovershouse

Dint realise people still can write in names instead of have non of the above which I think should be allowed to have on ballot me I leave it blank if I dont like a item on list but maybe if people felt that we the people votes counted we see 100 percent turn out

Answer 8

nightdrot

It depends on the state. Every state is different. Some states do not allow write-ins. However, my home state of Michigan and my current state of Virginia both allow it. Though in the case of Michigan, for the vote to be recognized the person written in has to have been registered in the state to be eligible.

Answer 9

pizzalovershouse

Oh dint know good to know have a good day

Answer 10

nightdrot

You as well, my friend.

Answer 11

pizzalovershouse

😊👍

Answer 12

jamesgoldman | 251 opinions shared on Shopping & Gifts topic.

Guru

Jewellery... I want that gold price to fall a bit first

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Answer 13

Warmapplecrumble | 55 opinions shared on Shopping & Gifts topic.

Guru

I really don't care about the virus. I mean if I die, I die. But I voted for travelling on cruise ships. I just don't like travelling or leaving my house in general. It feels unsafe everywhere else.

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