Results 961 to 980 of 1389
Thread: Stocks
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03-14-2020, 08:59 PM #961
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03-14-2020 08:59 PM # ADS
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03-15-2020, 02:18 PM #962
Wow. Just wow. The Fed announced here on Sunday rates being slashed to 0%.
I don't know how the market will react. The obvious is serious juice to stocks. But this is also a psychological crisis, and such a move could be viewed as confirmation that serious trouble is coming.
What a stunning week. Am watching the futures.
Edit: initial futures action is -1%. Boy, this week could be brutal if this final bazooka shot doesn't do anything.
Edit 2:. Futures slowly bleeding.
Edit 3: Initial headlines were zero. Actual is 0 to 0.25%. 100 basis point cut.
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03-15-2020, 03:28 PM #963
Futures are decidedly down, -4.5% currently. We're headed way, way low. This will be a week of historic losses looks like.
Edit: just rampant fear being discussed in investing circles. More closures, more alerts. The market will not respond to normal economic inputs. Just no telling what will happen. Keep your head and hunt out badly oversold names.
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03-15-2020, 04:49 PM #964
CO alert this afternoon.
This is only going to accelerate. Think how the public is going to behave, the markets will follow.
This is going to be a killer low to buy, just have to be patient.
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03-15-2020, 05:42 PM #965
More outstanding buying opportunities coming tomorrow.
It's only "science" if it supports the narrative.
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03-15-2020, 05:49 PM #966
I still think we're not at maximum panic. That will come about a week or two into widespread lockdowns. When we start hearing, "Will life ever return to normal?" "This virus will just keep coming back each year, life as we know it is done."
Or put it this way. When you personally start getting worried, that's the bottom. I have a few key people I monitor. When they finally break and get a bit worried and can't stomach something, bottom is in.
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03-15-2020, 06:22 PM #967
Don't think I'm not battling the panic to a certain extent. To be honest, if we saw the bottom last week I would've been disappointed. I'm planning on a further drop, so news of a further drop is a welcomed sight.
It's only "science" if it supports the narrative.
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03-15-2020, 06:53 PM #968
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03-15-2020, 07:01 PM #969
I'm not worried about the virus from a personal health standpoint. Even if I contract Covid I'm young and in good health and should pull out just fine.
The market panic is what I'm mostly concerned with. I just remind myself that deep market drops snap back just as fast in most cases. Panic selling is almost always a very bad idea.It's only "science" if it supports the narrative.
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03-16-2020, 05:26 AM #970
Pre market action is 9 to 13% down across various names. Looking like -2300 on the open. Futures were suspended last night it appears, so no hard opening number.
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03-16-2020, 05:40 AM #971
-2500 here
opening may be interestingI'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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03-16-2020, 06:07 AM #972
The virus is no big deal...I think we've all been watching too many zombie movies. BTW, "Zombieland Double Tap" was pretty funny.
Everybody cashin' in on all that money that piled up in the last 10 years. I reckon they'll be a whole bunch of new cars, trucks and toys being bought this summer. Remodel projects, too.
Two or three weeks before everyone gets itching to go back to work. I can't see it going on much longer than that.Suddenly my feet are feet of mud
It all goes slo-mo
I don't know why I am crying
Am I suspended in Gaffa?
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03-16-2020, 06:19 AM #973
Indeed, -2470 and falling. Word of a domestic air travel shutdown on the table.
15k is coming based on the current path of last night's CDC call for gatherings of 50+ to stop for 8 weeks. That's a long time. If summer doesn't knock this out, we're looking sub-10k in a few months on a very large economic contraction. Though I do expect warm weather to help take it out.
@twotimer , consider what others in the market think. The economic damage from the actual virus pales compared to the levers being pulled. I'm afraid the media's plan to destroy, literally destroy, life as we know it before this election has worked. China is pushing our media to accelerate the carnage. We've seen that in the quick deflection of blame from China by our talking heads, with heaped condemnation of Trump.
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03-16-2020, 06:35 AM #974Suddenly my feet are feet of mud
It all goes slo-mo
I don't know why I am crying
Am I suspended in Gaffa?
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03-16-2020, 06:40 AM #975
I'm watching the bank preferreds this morning. They've rallied a bit, actually. Which is what I expected, they're awfully safe. I was hoping for a panic sell in them, though.
Edit: take that back. I'm not seeing trades this morning yet. Which makes sense since the first circuit breaker tripped on opening.
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03-16-2020, 07:38 AM #976
Put in a limit order for BML-H at $17.50. Trading at 18.10 currently.
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03-16-2020, 07:49 AM #977
VSTO on fire---again.
Been a great fear stockI'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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03-16-2020, 08:17 AM #978
It has. I didn't expect a gun run from this. I thought it would be food only. I don't anticipate mass societal chaos and rioting and looting. We're going the reverse: mass shut ins and lack of activity.
But the psychology of fear apparently encompasses all modes of stockpiling. We might start to hear of water pressures dropping as people start filling doomsday cisterns?
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03-16-2020, 08:22 AM #979
Mathematically--support in the dow is 20,379.(hit today--20,387, basically dead on)
That comes from a 2017 low.
Last thursday I was 85% back in the indices(mutual fund)
After today--I'll be 90%
Not too worried one way or the other.
Trading stocks during this drop has been good, mostly VSTO and CGCI'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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03-16-2020, 08:39 AM #980
I'd normally look to technicals as well, and that's bread and butter for the options trading I do.
I can't get out from under this fact: the media and silicon valley want this. They want maximum chaos, in society and the markets. This isn't solely market dynamics, and consequently technicals, at play.
Still harping on my conspiracies, yes.
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