So how deep the recession will be?

[nooby_mcnoob]

Well looking like another Black Monday Circuit Breakers back on again and DAX looks like frozen aswell.

UK's a ghost country, nobody is going out, photo's of London tourist spots just deserted, barely a car on the road this evening where I live.

I think we have a couple of weeks to month more of this voluntary social distancing before we know the real damage. Hopefully it's positive news but even if it isn't, we need to get back to normal life. If I were a leader, I would push for this social distancing for a month and anyone who is afraid of catching it should self isolate until a vaccine is found. Quickest bounce back to ATH in history probably.

 

[ironchef]

if basic precautions are taken, it will just be another swine flu.... we are not Italy where people go around kiss each other on the face.. the US population density is far less.

all this panic - imagine how many people die from depression alcohol drug abuse.... numbers will far exceed what the lock downs could save from corona.

Are you all in then?

 

[ironchef]

Exactly. Old people had it good anyway, get them off our backs.

Off your back? Some of you need our inheritance to keep out of poverty.

 

[nooby_mcnoob]

Off your back? Some of you need our inheritance to keep out of poverty.

LOL

 

[dozu888]

Are you all in then?

always has been...

like i asked the question in 2016 if we running outa shares right, so the average cost is basically like half of today's price, that's why no worries for me...

you gotta look this way.

fundamentally there is NO OTHER assets worth buy and yield anything.... AI revolution still happening, nothings gonna stop that.

plus, once you get to certain wealth level, the up and down don't matter no more...

your quality of life aint gonna change.... because your account balance may go down 30% but all the non essential stuff are gonna go down just as much if not deeper like hotels airfares etc.

so really there is nothing to sweat about.

 

[nooby_mcnoob]

For what it's worth, don't buy the hype about AI. There is definitely a new paradigm there but it requires intensely multidisciplinary teams to execute well which means just the top 5 nasdaq companies will be able to take advantage.

That being said, definitely looking at $QQQ (opinions on $TQQQ for a long-term long, how bad is the decay?)

 

[Real Money]

looking at $QQQ (opinions on $TQQQ for a long-term long, how bad is the decay?)

I'm also interested in this. Checked the book and the spreads are ugly. But, TQQQ could make you a nice return long term, given a bull market.

 

[LS1Z28]

I fully expect this generation of old people to be the last to be able to rape the next generation as badly as they have.

The next generation will probably say the same thing.

 

[nooby_mcnoob]

The next generation will probably say the same thing.

LOL

I'm also interested in this. Checked the book and the spreads are ugly. But, TQQQ could make you a nice return long term, given a bull market.

Looked into it, apparently the decay on TQQQ is really bad for long term holds.