From what I heard if they are in blind trust they wont have anything to worry about but if not they should do jail time.

There will have to be an investigation to prove they had info that wasn't yet available to the public. I'll reserve judgement until the investigation is over.

I bet this story just goes away.

Looking at Oxy but going to wait a week or two

I agree. Whether they are guilty or not.

If you have a few bucks to speculate. Look at USDP it's an MLP with 37% yield at the moment.

Again... this is speculation for "play money" not a primary investment strategy. It's ok to do these types of investment with 1% to 5% of the overall portfolio. The rest of my investment decisions are made by my money manager... I let the smart people invest the 99% to 95%.

How much will the market have to recover before we can realistic expect that we are in recovery? We still have to go through the earnings reports which I guess will look awful. The job market will need to recover and people back at work. I suppose the fundamentals will have to get back right. Oil prices will need to recover. We will need to start buying things other than TP again. It is a mess.

Some market sectors will recover faster than others
Changes like this revolutionize the consumer spending patterns

The recovery will be a process
When we have widespread testing there will be improvement
When number of new cases significantly drops, there will be improvement
When restaurants open again, there will be improvement
When people are getting hired again there will be improvement

Judging from recent history, it took 5.5 years to reach pre Oct 2007 peaks

Personally I'm going to need 12 market days(not calendar days) for confirmation the bottom is in. No re-test of that 18,900 on the DOW. Even then I predict a slow,choppy grind upward. All rallies will probably get sold into. The economy has been so devastated I just don't see the V shaped recovery some are predicting.There's an old cliché that says "the market takes the stairs going up but takes the window going down".

Most of the time the "smart/paid" money managers do a decent job. My gains in the recovery run were awesome. But, I was watching as mine let it fall for weeks when I said uncle and took over again. I did a full jettison to cash and have, even at this point in this tumble, saved 20%+ in portfolio valuation had it been largely parked the way they had it. I think we're nowhere done, and the economy will be vastly different in the aftermath. In my case, I think I saved the baby and most of the bathwater, so I'll decide what to try when it settles and we begin to see signs of recovery. For now, near 0% gains looks a lot more enticing than weekly 10% drops.

Depends

I hear ya. I did the same thing in 2008, but all and all I think it cost me because I reinvested too late into the recovery. I like my new guy a lot. He started selling early this year and only had me 35% to 40% invested pre crash and limited my equity loss to 18% when the S&P fell 30%. Net net, I'm still up from when I started using him about 3 years ago.

We are now starting a slow roll with investing the 60%. He will ramp it up once we get a better feel for where this might bottom out. At the moment, I feel good about where I'll be in 3 to 5 years... However, only time will tell!

Smart, I should have took the reins but i just watched it fall lol. I still have time to recover but dang I expect him to do something. I get it, "look at the long term, in for the long haul" but this could have made that haul much shorter had he pulled our stuff out, years shorter. That doesnt sit well with me

It is surprising to see all of the geniuses who know exactly what they would do if they had any money to invest. Doesn't sound as though they have done so well to this point.

I agree. I war against my money manager all the time. It drives both of us a little crazy (in a good way) but I feel we are both better for it. I urged him to sell many times over the past 5 years and he advised me to be patient. All and all, he was right and I was wrong. Last year alone the equity portion of my portfolio was up 29%. Had I demanded for him to sell, I would have missed out big. He was reading the data and I was reacting to the historical precedent that a recession "should" occur any day.

As I grow older and have more experience in the market, I am starting to agree that timing the market is a fool's game. I tried to do this in 2008 and for a few years thereafter and it cost me pretty big. However, in my soul, I continue to feel that one should time the "season". Meaning, I think there is a logical season to sell and logical season to buy. My manger does not war against this, but we sometimes differ on the right season. Again, he knows how to read the data much better than I do. He does a good job walking me through it and helping me to understand.

As to timing the market... I recently read a detailed article that said if you were out of the market on the 10 highest moving days, your returns would be cut by 70%. If you were out on the 20 highest producing days, your returns slipped negative. The chart showed the highest days... most of them were in volatile times where it was tough to be in the market.

So, this is where my manager and I find common... I gave him "permission" to sell late last year and he felt that it was not a crazy thing to do. I still trusted him to advise. When his data started to signal "sell" early this year, he sold my portfolio more than others because he knows how I feel. He is now saying "slow buy"... but he is buying even more slowly in my account because he knows how I feel.

It's hard for me to trust other people to invest my money. Especially since I am self-employed and I do not have a pension to rely upon... my investments are my only pathway to retirement. However, I am learning to trust with caution... the same way my clients trust me to advise in commercial lease transactions.