Black Monday

**Beagle** · 13-03-2020, 09:33 AM

Originally Posted by couta1

Well some of us don't have to cause we're already all in, that's only a Lemming problem.

Yesterday's Lemming is today's prudent person who took steps to protect themselves and not just in the markets. Good example is with the preppers who have been storing up long term food stocks in case we go into shutdown. Lots of people thought they were crazies and just the other day the US CDC (centre for disease control) came out and recommended that at risk people stock up and prepare for the possibility of long term self isolation at home.

**dobby41** · 13-03-2020, 09:51 AM

Originally Posted by Beagle

Yesterday's Lemming is today's prudent person who took steps to protect themselves and not just in the markets. Good example is with the preppers who have been storing up long term food stocks in case we go into shutdown. Lots of people thought they were crazies and just the other day the US CDC (centre for disease control) came out and recommended that at risk people stock up and prepare for the possibility of long term self isolation at home.

So you got your toilet paper in then?

**blackcap** · 13-03-2020, 09:53 AM

Originally Posted by dobby41

So you got your toilet paper in then?

I have been stocking up the last few weeks with non-perishables so that if we are ever in a lockdown situation then you will be fine. As Nassim Taleb mentioned, you are not crazy for stocking up on non-perishables in these zero interest rate environments. There is no cost to holding so what is the problem?

**BlackPeter** · 13-03-2020, 10:06 AM

Originally Posted by Entrep

Does the fastest bear in history mean the fastest recovery?

That's an outstanding question. I guess, we will see, but I suspect not. Much easier to destroy trust than to rebuild it.

**dobby41** · 13-03-2020, 10:18 AM

Originally Posted by blackcap

There is no cost to holding so what is the problem?

I don't see a problem.
It's a matter of risk - there is no real downside to stocking up a bit on things you will use over time.

**bull....** · 13-03-2020, 10:20 AM

Originally Posted by blackcap

Agreed. And post close, futures were down another 100 pts within 15 seconds, only to rebound and go up 100 about 2 mins later. And now 3 mins after close futures are down 50 again. What a volatility.

falling quite hard now - 350 on the dow for tonight already

**blackcap** · 13-03-2020, 10:33 AM

Originally Posted by dobby41

I don't see a problem.
It's a matter of risk - there is no real downside to stocking up a bit on things you will use over time.

The question was not really aimed at you, more a generic what is the problem to stockpiling in general. I totally think that when discount rates were above 8% in this country then stockpiling has a huge opportunity cost issue. But now there is none whatsoever. The Mrs and I also stockpile non perishables when they are on good specials at the supermarket regardless. It really makes sense if you can afford it.