Stock Market: The Thread

[fan_since79]

Dow futures down 436 points. Looking less horrible now.

[Tank]

dow still up 21% in the last 12 months.

[Amazing Larry]

it's going to be ugly at the open. We'll see what happens after that. 

[Angel Oracle]

Ugly in first minute: down nearly 300 pts.

[Amazing Larry]

And the market is now green. Nuts. 

[Angel Oracle]

Down 300 first 5 min, then gaining 600 in 25 min, then losing 150 in a couple of minutes

WTF!!!!!!!

Stupid auto sells!

[fan_since79]

Wild volatility, trading in a range of more than 1,000 points.

The Dow still has 6,000 points to go to wipe out its gains since Trump's election. Won't happen. This insanity will run its course soon.

[Adam]

This is awesome! The stocks I don't own are going nuts!

[Make Angels Great Again]

More and more people are coming out and saying the US economy is on the edge of total disaster with the bond market/stock market bubble.

[Angel Oracle]

I'm getting out of bonds (oncoming inflation).   Stocks should still be okay.

With inflation oncoming, by 2020, longer term CD's will look the nicest they've looked since the dot com meltdown in 2000.

[Jay]

wild ride today.

[fan_since79]

random Dow Jones stat:

Five years ago, on February 6th, 2013 the index closed at 13,992.

It's currently at 24,345. That's a gain of 10,353, or 74%.

 

 

Edited February 6, 2018 by fan_since79

[Warfarin]

22 minutes ago, fan_since79 said:

random Dow Jones stat:

Five years ago, on February 6th, 2013 the index closed at 13,992.

It's currently at 24,345. That's a gain of 10,353, or 74%.

 

 

Amazing stat!  It’s been a good 5 years man.

[Jay]

Holy crap suddenly the Dow is up 2%

[fan_since79]

Dow up 490 points now on another crazy day.

Traders rule!

 

[Amazing Larry]

Whoa!

[fan_since79]

Okay, this is weird. The Dow is up 567 points at the close, after being down earlier today by 567 points.

Are they manipulating this thing or what?!

 

[Tank]

5 minutes ago, fan_since79 said:

Okay, this is weird. The Dow is up 567 points at the close, after being down earlier today by 567 points.

wow, that swing was hugely AND bigly.

[fan_since79]

Dow futures are down 9 points.

Maybe the worst is over and the bottom is in?

 

[fan_since79]

Dow up 194 points. 

Index is 1,000 points higher than its low during yesterday's session. 

 

[fan_since79]

+358

Wow.

 

 

[fan_since79]

Well, so much for the bottom being in.

What a bloodbath. I'm still hoping for a rally into the close, but it's been down, down, down all day long.

Extremely good jobless numbers are apparently bad news for stocks. What a world, huh?

 

Edited February 8, 2018 by fan_since79

[fan_since79]

The SPDR ETF that tracks the Dow Jones is experiencing extremely heavy selling. Volume is three times that of a normal day.

https://finance.yahoo.com/quote/DIA/

[Catwhoshatinthehat]

7 minutes ago, fan_since79 said:

Well, so much for the bottom being in.

What a bloodbath. I'm still hoping for a rally into the close, but it's been down, down, down all day long.

Extremely good jobless numbers are apparently bad news for stocks. What a world, huh?

 

Your mistake is assuming the bottom is reached in a few days.  The definition of a bear market is a drop of 20% from the bull market highs and there's going to be more bull and bear markets in our lifetimes.  As far as the jobless numbers they are good but what they mean to investors is the likelihood that the fed continues to raise rates so that's factored in.  Add in growing wages and fears of inflation and that gets factored in.  Between now and the March fed meeting if news comes out that makes investors believe rates won't get raised then that will get factored in.  Overall the economy looks pretty good.  Unless you're day trading the daily movement doesn't really mean squat.  If you're close to retirement then you should be more conservative unless you're comfortable with the added risk that comes with a more aggressive approach.

[fan_since79]

For those who put their money into the Dow Jones average exactly 25 years ago, they would have a return of 633% including this week's big drop. A yearly average of 25.3%, not counting dividends.

A 25-year bull market with a tech collapse and a financial crisis mixed in to make things interesting.