We thought for a while after Peter Lewis passed away that Buffet would make a run at buying us in order to consolidate Geico and Progressive to knock State Farm out of the #1 spot in auto insurance, but it never materialized. I'm glad it didn't.

I am sure glad I was buying as the market was crashing! Although I am still down from my 52 week high. I by far had the best day ever in my account. I sold some off right at the end of the day. I had gone about 90% long (with almost all of that in Visa. I had bought quite a bit from180-188 and sold all of those shares today for a really nice gain. I didn’t get in at the bottom but that is fine. I wanted to capture some quick profits in case the market retests those lows. Back to about 50% cash and we will see how the next few days go.

Yeah with last weeks loss of over $75,000+ todays slight rebound gave back $38,000 or so. Just $0.36 a share gain.

Made a good sized chunk back yesterday.

The guys that bailed out sure didn’t.

What brokerage accounts are people using? I've been thinking of doing some more active trading than my 401K and IRA, which I haven't touched.

I keep missing out since I haven't opened an account yet and I'm holding cash. The prices are still pretty high for many stocks, but there were some really good buying opportunities in the last week and it's possible things will be volatile for a while. Oil was at its lowest point in several years but made some gains yesterday. OPEC meets Thursday and Friday so there may be more gains.

I use TD Ameritrade. No commission equity trades. Works great and super easy to use. Took about 20 minutes to set up the account.

Market "corrections" are a great buying opportunity. Everyone panics, price drops and then we buy! I got one at 45.00/share discount!

I use Schwab no fees. BGS foods low was $12.78 Feb. 25. now $ 16.25 only a little over 27% return in a few days and the dividend is 11.73%. Owns green giant veg. A little risky Thou.

I posted on this on Sunday evening and that post is not here, I sent a E mail to Tom about this and no reply as of this morning.
MODS, what was wrong with my post?
Something is terribly wrong on here, I fear

Was it a second post on the same subject. If so that may be why.

Cab....Your post turned political...

I use Etrade, no commission on equity trades, never have had any problems with executions. Mondys dead cat bounce was pretty predictable, but I'm not savy enuff, nor can I devote the time now to day trade short term moves. Wish I could!

These wild swings in the market are not good for my core positions, but the trading side is really good right now! I sold a lot of Visa yesterday above 192 and bought a lot of them back today at 185.60

and wow, a fed rate cut and the market is still sliding down...

...and they can't really cut rates much more. Back in '08 the rates were much higher when the economic downturn began.

Decided to dig in to that one a bit. Would not be surprised if they cut the dividend (and blame it on the virus situation). Anytime I see a dividend over 8%....raises a red flag. Then looking at the stock chart. It sure doesn’t look great on a 5 year chart. Been steadily going down hill.

How?
PM me with more details please.

Idiotic cut and not good monetary policy, but that never stopped the Federal Reserve from doing stupid stuff. These type of cuts are usually NEVER good for the markets. Fed Reserve has zero credibility and is nothing more than a puppet to prop up the markets. Keep that easing going, at some point it implodes. IMO, this mess isn't close to over.

A couple traders and I spoke sunday ervening, we all called the move in the market and the fade. The cut got the same response as the late cycle round of china trade tweets. Gave back most of the gains from Monday. My guess most of mondays run was anticipatory to the rate cut.

i agree the rate cut was rather dumb.

the problem isn't lack of or access to $$$. the problem is the sickness will dry up the supply chain, causing shortages that will throw a wrench in the gears of progress that $$$ can't fix.