Results 861 to 880 of 1389
Thread: Stocks
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03-09-2020, 01:17 AM #861
5.5 hours till the open. 10% down isn't out of the realm. 2000+ points. I'm tossing and turning. London overnights are already at 10%.
March 9, 2009 was the low then. Bizarre that this date emerges again.
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03-09-2020 01:17 AM # ADS
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03-09-2020, 05:14 AM #862
A 7% drop will halt the market for 15 min.(circuit breaker)
Likely happen very early on, this morning.
13%--15 min. halt.
20%--complete halt.
What ETF's some of you looking at in the indices?I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
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03-09-2020, 05:41 AM #863
-2000 coming this morning.
I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
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03-09-2020, 05:59 AM #864
Premarket action is -7.5% ish, so we're looking right around -1900 on the open.
I'm paying attention to XLU, utilities. If they pace along with the broad market, the sell off will be a free fall. -5000 isn't impossible, as fear will decimate all sectors.
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03-09-2020, 06:05 AM #865
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03-09-2020, 06:19 AM #866
Premarket, BP -20%, XOM -15%, Conoco -23%, ET (pipelines) -25%.
We've not experienced a crash like this.
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03-09-2020, 06:39 AM #867
first circuit breaker hit
should be 15 min. holdI'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
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03-09-2020, 06:51 AM #868
If I keep my head and play this right, this is my retirement plan. Sifting through the carnage this week is serious, important, and worthwhile. The broad market is resetting to early 2019 only, potentially, so not a catastrophic situation. But certain names will be well below justified levels. Have to find them.
Play I'm looking for: those making money on the oil spread. ie, benefit from the low input cost, but not suffer on the output end for whatever reason.
Trading resuming in 2 mins.
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Post Thanks / Like - 1 Likesrockgremlin liked this post
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03-09-2020, 07:08 AM #869
watching F
I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
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03-09-2020, 07:11 AM #870
not getting in a hurry.
I will be buying mutual funds as we drop.
Most indice based are good deals here,imoI'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
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03-09-2020, 07:18 AM #871
Clawing back, good sign. Wiser heads are prevailing at the moment. Still an entire day to go and news for the market to digest.
This could mark a bottom on the whole virus hysteria, if losses are limited after a terrible news weekend. I'm picking through names. I prefer individual names to broad funds.
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03-09-2020, 08:05 AM #872
24,174 has to hold or we go 23,000
I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
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03-09-2020, 08:07 AM #873
bounced off 24,173
I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
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03-09-2020, 08:11 AM #874
This daily rate of decline from the highs, exceeds 1929
Why I mentioned history on the first decline.
I sincerely hope that rate declines.
First leg in 1929 declined 49%.
I'm not saying a crash is inevitable, just that so far it's decline is historic.I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
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03-09-2020, 08:15 AM #875
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03-09-2020, 08:29 AM #876
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03-09-2020, 09:29 AM #877
Interesting stocks that might benefit from current events.
AOBC
RGR
VSTO
I bought some VSTO--I like it best of the 3I'm not Spartacus
It'll come back.
Professional Mangler of Grammar
Guns don't kill people--Static Ropes Do!!
Who Is John Galt?
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03-09-2020, 10:02 AM #878
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03-09-2020, 10:46 AM #879
Normally with reduced oil prices, input costs for chemical manufacturers fall and their stocks rally accordingly. But we're not seeing that today. Dow, DuPont, and others. Either unjustified collateral damage, or slack demand for end products, or flattening of the margin curve for their product in general. It's a massacre of some big names.
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03-09-2020, 11:06 AM #880
Yep the same thing is observed with gold stocks. Under normal circumstances, gold stocks like Barrick and Newmont are viewed as a safe haven and will rally pretty hard during times where most other discretionary stocks struggle. But we're not seeing that today.
Barrick is currently down -4.5%, and Newmont is down -7% as they are getting massacred along with the rest.Last edited by rockgremlin; 03-09-2020 at 11:07 AM.
It's only "science" if it supports the narrative.
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