Stock Market: The Thread

[yk9001]

On 6/2/2017 at 9:26 PM, fan_since79 said:

What a disaster that Trump fellow is.

[fan_since79]

10 minutes ago, yk9001 said:

[fan_since79]

Very volatile trading today with very low volume, as it's Christmas Eve and the markets have a half-day.

Dow is up 270 points off its low, but still down 185 for the day so far. Nasdaq was getting killed earlier and is now in the green.

I'm glad the damn thing is closed tomorrow for Christmas. At some point this insane selling has to end.

 

[Angel Oracle]

Trump and Powell are not helping the market any.

[Lhalo]

4 hours ago, fan_since79 said:

Very volatile trading today with very low volume, as it's Christmas Eve and the markets have a half-day.

Dow is up 270 points off its low, but still down 185 for the day so far. Nasdaq was getting killed earlier and is now in the green.

I'm glad the damn thing is closed tomorrow for Christmas. At some point this insane selling has to end.

The volume today was almost 3X that of the previous 9 Christmas Eve’s average. The S&P is officially in a bear market. Trump is going to wish he never bragged about the highs earlier this year. 

[fan_since79]

I made that post after the first hour of trading. Volume was still low at that point, I recall.

Today's volume, on the other hand, was very good. We'll see if this is a real rally or just a one-day surge.

 

[fan_since79]

Dow Jones rose 1,086 points today, its highest ever one-day total.

...which doesn't mean a damn thing. Bear markets often include some violent one-day upswings.

I would like to see this rally continue for a few weeks before pronouncing the end of the correction. 

[fan_since79]

Yep, bear market. No doubt.

That was a nice little one-day nothing.

 

[Lhalo]

870 point swing to positive. The President's PPT was hard at work today.

[fan_since79]

1 hour ago, Lhalo said:

870 point swing to positive. The President's PPT was hard at work today.

I recall a similarly massive intraday rally on March 9, 2009 that ended the vicious bear market that had knocked almost 50% off the averages. It was up, up, and away from there on in. The difference, of course, was that particular bear was much more brutal than this current downturn. There were no more sellers left in March of '09 as stocks were insanely undervalued at that point. I mean, the S&P was around 650! 

I would love to see this continue tomorrow and next week. I won't jump back in though unless this rally has multi-week legs. 

[ten ocho recon scout]

So my buddy and i checked our deferred comp accounts this weekend, and we both lost about 5 digits in the last 6 weeks. Should we pull back on how much were putting in for awhile?

[fan_since79]

Apple reported disappointing guidance for their iPhones. The stock is tanking 7% after hours.

The other FANG stocks (Facebook, Amazon, Netflix, and Google) are all down around 2% after hours.

Tomorrow could be a mini bloodbath.

Happy 2019!

[Lou]

Facebook and Netflix are obviously feeling the ramifications of Trump's Trade War vs China.

[fan_since79]

The market will soar if Trump gets a trade deal with China.

That's a big if, however.

 

[fan_since79]

Apple missed, and it's like the end of the world.

Dow is down 530 points an hour into trading.

Bad news all around. Pelosi just announced they'll keep the government shut down "as long as it takes" to deny Trump his $5 billion for the wall. Democrats will take over the House later today. Impeachment articles will also be introduced by Calif. Congressman Brad Sherman.

Markets hate this sort of thing.

[Angel Oracle]

DOW and NASDAQ have both gained back 1% since their lows about an hour and a half ago. 

[yk9001]

On 12/30/2018 at 8:26 AM, ten ocho recon scout said:

So my buddy and i checked our deferred comp accounts this weekend, and we both lost about 5 digits in the last 6 weeks. Should we pull back on how much were putting in for awhile?

You would have just as much luck with the correct answer if you asked the bum on the street corner when you wait for a light.

[Lhalo]

This was unreal yesterday.

https://www.bloomberg.com/news/articles/2019-01-02/yen-surge-algos-set-off-flash-crash-moves-in-currency-market

[fan_since79]

On 12/24/2018 at 10:02 AM, Angel Oracle said:

Trump and Powell are not helping the market any.

The Fed chairman may have just saved the market with his comments today.

"Patient" and "flexible", two words we haven't heard in a while, and markets are soaring. He said inflation was "muted" and markets love that kind of talk. He also indicated that unwinding the $4 trillion Fed balance sheet will no longer be on automatic pilot. I wonder now if we'll see only one rate hike this year, or even none.

 

 

[fan_since79]

Stocks are continuing to climb back up from the devastation of the last three months.

This may turn out to be the best January in many years.

Dow over 24,000 and Nasdaq back up over 7,000. Time to add to your portfolios??

[fan_since79]

Well, so much for that little party.

Caterpillar misses earnings expectations and all hell breaks loose. 

"slow China demand", three deadly words in any international company's earnings report.

 

[fan_since79]

Dow Jones now above 26,000. The long road back. 

Dow has gained 2,000 points in the past month.

[Lhalo]

 

[fan_since79]

The market continues to go up, up, up.

Nasdaq is up 24% last three months.

Dow has been held back a bit by the Boeing airliner crash, but is up 200 points again today.

If they get a China trade deal this thing will skyrocket. A big if, though.

[Slegnaac]

CSCO Cisco up 100% + from Feb 2016.