Incognito google search
https://www.google.com/amp/s/amp.ft.com/content/28b75368-67d9-11ea-a3c9-1fe6fedcca75
Part of market looking oversold
Many here have right ideas considering adding start small positions in several sectors
We maybe laughing our ways to banks 10 yrs from now

Are you trying to be funny @Derf?
By your definition, there were hundreds of “buying opportunities” between October 9, 2007 and March 9, 2009. Had you bought every time the market dropped 5, 6, 7% you’d have spent most of your amo before the best opportunities presented themselves. Think of “buying down” as if swigging on a pint of Jim Beam. Nice and slow. Pace yourself man. Live for another day.
“The US bear market of 2007–2009 was a 17-month bear market that lasted from October 9, 2007 to March 9, 2009, during the financial crisis of 2007-2009. The S&P 500 lost approximately 50% of its value, but the duration of this bear market was just below average due to extraordinary interventions by governments and central banks to prop up the stock market.”
https://en.wikipedia.org/wiki/United_States_bear_market_of_2007–2009
Here’s a “pop quiz” for Derf - How many times can something fall by 10% ?

Come on Simon. You make comments like,

"Stock prices are going much higher - higher than you can ever imagine."

and

" the bull market will last another 15 years",

those aren't arrogant statements? By the way, ironically you made these comments close to the top of the market, Feb.15th.
I'd like to see you stick around, but if someone points out statements you made that were so misleading at best, just say,

"man I was wrong".

It keeps going down down down...probably sit this one out for couple of wks until dust settles
One of my friend met chief of infectious disease physician [50+ plus experiences] of Large Major Hospital in Austin Tx states things maybe settling in 4-6 wks/slow down...he also says he has see anything like this before but it will pass. Less flu/cold and SARS and hopefully cousins of SARS Covid19 at mid april/warmer weather, less incident of transmissions. That is what we are hoping for. Will it last one year, he does not think so. Will it last few months? Maybe.
We are still keeping our 80/20 in our 401k and retirement portfolio, DCA with continuous bimonthly distributions but probably wont add more monies for now.
Plus we have to pay uncle Sam 2019 tax soon [april now july 15 tax deadlines]
Maybe we are hovering near the bottom, but this is what some folks say last wk. Maybe new bottom today
well at least the USA death rates hovering 1.4% but probably will be much lower next wk once have more data and less panic. 85s-90s% of infectious personnel show very little nor no symptoms, only old and sick patients have issues.
China/Hong Kong and S.Korea are easing out slowly now. US will soon follow, don't know about Italy + EU though
regards

The Leuthold folks track a bunch of metrics. Some target the distance to "normal" and others target the distance to "fair value."
The fair value note released this week looked at price/cash flow, price to book, dividend yield and three flavors of P/E. The implied drop to reach the median level maintained over the past 70 years ranged from -1 to -22%, depending on the metric.
Bear markets end up with valuations somewhere around the bottom quartile of the range. So ROE-based P/E is normal at 18.3 and low at 15.1. At the beginning of this week, the market's ROE-based P/E was 18.35 which might translate to "not wildly overvalued but way back the trough in a bear."
For what that's worth, David

Spent 12% of my portfolio on PRFDX, PRDGX, TRVLX . Bit on PRNEX too. I will start moving around 5% a week from my cash equivalent funds into equity until it's gone. I am comfortable buying from here down to oblivion. I have 15- 20 years to retirement.

Amazon tries to keep pretty much a "just-in-time" inventory. They're likely to run out of stuff to sell before they run out of customers.
Speaking of that sort of thing, yesterday I thought that it might be a good idea to supplement our full-size upright freezer (which my wife always keeps 106% full) with a smaller 6-8 cu ft upright model. Tried Home Depot, Best Buy, Walmart, Amazon, couple of other places. Not one available within 250 miles of the SF Bay Area. There were lots of models of that type shown, but every one said "SOLD OUT".
I'm speculating that many people here in the bay area who live in apartments or smaller units may not have had a separate stand-alone freezer, did not really need one because they ate at restaurants frequently, and now are in a difficult situation.

Amazon YTD -4% Last 5 days -2.6 % What if purchases dry up ? With 100k new workers they're thinking (NOT) !!
Derf

“We're still above 2016 levels in the market ...”

On the last trading day of 2016, the Dow closed at 19,762 .
Currently, the Dow sits at 19,185 .
Remains to be seen if the Dow finishes the day still below 2016 level. Always possible they’ll shut this market down early.

Nothing different. I sold a few things in mid-Feb that had gone up to what i thought were nosebleed levels, and then was able to buy them back in recent days at prices lower than what I paid for them originally. At the risk of sounding like I'm gloating, looking @ their charts, I sold them literally the day before the markets began to roll ... so great timing, I guess.
I've had a large cash pile for years sitting next to my equity-centric portfolios, so I'm VERY happy to be putting it all to work into equities now that they're coming down so sharply. Some of the stuff I just bought is down 10-15% already but I'm not worrying since they're solid (and mostly) 'value' companies.

Yuppers - That’s pretty much been my understanding of how it’s supposed to be done - exception perhaps for the very young with 25-50 year time horizons. But those folks should be out golfing or fishing. I’m getting hammered - but currently no worse that my long held benchmark - TRRIX. So there’s some solace in that my risk going in seems to have been appropriate for me / commensurate with what that very conservative fund takes.
I’ve never held more than 20% cash. Just 15% going into this. A lot of that has already been put to work. But still have another 50% residing in global bond funds and alternative funds. Those have lost only a few percent compared to equities and may end up being deployed in coming months should the markets fall another 10-50%. I don’t think it will fall another 50% - just saying I’d still have some remaining funds to (heave, throw, pitch) at it if it should. :)

(As of Tuesday's close) VDC(Vanguard Consumer Staples) was only down 10% for the year and up 4% from where it was a year ago. That's pretty stellar, and the rather obvious back story of WHY gives a real foundation to the story.
Minimum Volitility (USMV) hasn't held up nearly as well, down 17% this year and down 4.5% for the last 12 months.
As for VDC, I truly do not like the tobacco part of it, but I have heard it said "There is always money for cigarettes". I think the same goes for most if not all of the consumer staples.

https://finance.yahoo.com/news/market-may-have-priced-in-coronavirus-recession-morning-brief-101849179.html
/The market may have already priced in the coronavirus recession
And a potential reason for optimism in the second half of the year
The stock market rallied on Tuesday, with the S&P 500 rising 6% to snap a three-day streak of 9% moves.
However, the benchmark index is still down more than 25% from its record high./
And down we go.... maybe more pains+volatility next few wks until lock down resolves and coronavirus numbers improve/stabilize

Nothing different. I sold a few things in mid-Feb that had gone up to what i thought were nosebleed levels, and then was able to buy them back in recent days at prices lower than what I paid for them originally. At the risk of sounding like I'm gloating, looking @ their charts, I sold them literally the day before the markets began to roll ... so great timing, I guess.
I've had a large cash pile for years sitting next to my equity-centric portfolios, so I'm VERY happy to be putting it all to work into equities now that they're coming down so sharply. Some of the stuff I just bought is down 10-15% already but I'm not worrying since they're solid (and mostly) 'value' companies.

CNBC reports it jumped to 1.13 in after hours trading yesterday.

The 10-year Treasury yield jumped to 1.13% Wednesday after trading around 0.77% midday Tuesday before details of the potential stimulus emerged. It began the week at around 0.65%. It wasn’t the outright rate level that caused uneasiness among traders, but the rapid nature of the move overnight.

Gonna be rough out there today.

Hi @Crash, Thanks for making comment and for your question.
A higher barometer reading indicates that there is more investment value in the Index over a lower reading. Thus, there is more investment value in the Index (by the barometer's metrics) with a reading of 180 vs a reading of 175 or less. I use the number 160 (or better) for me to consider any equity buying; but, only if I have an open to buy within my portfolio's asset allocation. Currently, I have an open to buy within my asset allocation and with this high barometer reading I have now started my buying process. I plan through select buying to raise my equity allocation from it's 40% current range to the new target range of 45%. I'll do this in steps, of course, as market conditions can change quickly.
By the way, the futures are down this morning. However, I'm still with my thoughts that a floor is starting to form. However, currently the markets are very news driven so I am still looking for some good volatility to take place from time-to-time based upon daily news and related events.
I'm not looking for new stock market highs to take place in the nearterm; however, I do expect to see some improvement in valuation. Remember, we are in the early to mid statge with the virus and the Presidential election is also approaching.
Skeet

The Fed likes 0% - for obvious reasons. They just lowered their benchmark overnight lending rate to 0 last Sunday. And on Monday rates farther out on the curve dutifully followed suit and dipped precipitously. However, I just noticed that the 10-year Treasury has pushed above 1% in Tuesday’s overnight trading. So what the Fed wants and what lenders farther out on the interest rate curve are willing to lend money at may prove two different things. This situation is sometimes characterized by pundits as “the Fed losing control” of interest rates. Whatever you call it, it probably doesn’t bode well for the economy. Both of my multi-sector bond funds fell over 1% on Tuesday - a sign that global rates were already backing up some.
For whatever reason, the real asset / resources camp seemed to awaken Tuesday following more than a week of severe bloodletting. One such fund I own, PRNEX, was already down about 45% YTD going into the day (I know - hard to believe). Even though oil slid further Tuesday, the fund jumped 5,5%. Why? A guess is that building materials, agriculture and other commodities rose enough to offset oil’s decline. Another already DOA holding, OPGSX (miners), experienced a near 10% jump Tuesday. Both funds perhaps demonstrate that it really is possible to “bring back” the dead. :)

In checking the feeds on the barometer this evening, from today's market activity, the barometer scores the Index with a reading of 175 indicating that the Index is extremely oversold. I did a little buying today and I spent a sum equal to 1% of my portfolio's value. With this, I reduced cash by 1% and raised my holdings in the growth & income area of my portfolio by a like amount. Currently, I favor equity income over fixed income.
I am also going to temporarily raise my equity allocation by 5 percent and reduce my cash allocation by a like amount. When I complete my buying process this will put me somewhere around an asset allocation of 15% cash, 40% income and 45% equity. In time, I will trim back to my 20/40/40 allocation.

PRWCX PTIAX. Juicier monthlies, even in a falling market. I prefer monthly, rather than quarterly payments, anyhow. Retired, 65, more conservative, these days. But for overseas bonds, if someone should be interested: MAINX is doing RELATIVELY well, down -9.74 tonight. That compares with my RPSIX, which is a TRP fund of funds, and it owns a slice of equities, too: RPSIX is down YTD by -9.51%. PTIAX, still, is down YTD by only a FRACTION tonight.

Old_Skeet continues to buy in the growth & income area of my portfolio. With this I reduced the cash area by about 1% and raised G&I by 1%. I've decided to temporairly move my asset allocation to 15% cash, 40% income and 45% equity in hopes of playing the rebound (in steps) as it comes. In following the money flow feed which is one of the barometer's data feeds it seems money is starting to retrun as the MFI went from 26 to 32 today.

In the past, ARTKX is a fund I would have looked at. But given its declining relative performance over the years (going from 5* over the past 10 years to 4* over the past five, to 3* over the past three), I might have expected it to have reopened sooner.
The M* analysis notes that "the fund has historically fared best during sell-offs." This time though, YTD, it's behind its category average, -32.82% vs -30.49%.
The analysis also says that it blends quantitative and qualitative screens. If one wants a value-leaning international blend fund with a fair amount of EM (10% - 20%), that uses both quantitative and qualitative processes, BRXAX is an alternative to consider.
It's also from a solid fund family (MFS), but it costs less and is much smaller in size ($250M vs. $14B). The funds have comparable std dev, same 3 year risk rating, similar market cap and style (on the border between value and blend), identical Sharpe ratios, nearly identical market capture ratios.
It's done slightly worse, cumulatively over its nearly five year lifetime, -8.05% vs. -6.90%, though better over the past three years, -14.7% vs. -18.5%. YTD, BRXAX has slightly outperformed its category average at -29.51% (ARTKX has underperformed YTD). All figures are as of 3/16/2020, using this M* chart.
Given the similarity between these funds, I'd take a closer look at both before deciding to invest in ARTKX. Though if one wants a compact portfolio, ARTKX's has just 39 equity holdings vs. 135 for BRXAX. Or if one doesn't insist on on a value-leaning fund, it's not hard to find better performing foreign large cap funds.