Stock Market: The Thread

[arch stanton]

10 minutes ago, fan_since79 said:

China's market was down 8% last night as the Coronavirus looks to become a pandemic, yet stocks here are soaring today. The Dow is up 340 points after dropping more than 600 on Friday. If Bernie wins in Iowa tonight we might drop a thousand points tomorrow. But who the hell knows? Hold on and ride the rollercoaster.

Oil continues to drop and is getting close to going below $50. 

The Sauds are going to cut production to keep the prices up

[Jay]

Nasdaq is higher this morning than it was at its peak before the coronavirus scare.

 

[fan_since79]

Tesla stock is up 23% today. $960 a share.

What the hell?!

 

[ten ocho recon scout]

18 hours ago, fan_since79 said:

Tesla stock is up 23% today. $960 a share.

What the hell?!

 

You figure hyundai would be valued higher, with its smaht pahk technology.

[Lou]

Tesla is a great name for a rock band.

Finally!

[fan_since79]

Market continues to go up, up, and up. Every single day. NASDAQ coming up soon on 10,000 and it seems like only yesterday it was stuck at 8,000. Crazy days.

Amazon, Google, and Microsoft hit record highs this morning, and Apple is not far behind. Amazon, Google, Microsoft, and Apple are trillion dollar companies.

 

[mrwicked]

On 2/7/2020 at 8:13 AM, Lou said:

Tesla is a great name for a rock band.

Finally!

Hello Detroit Palo Alto!!

[fan_since79]

Well, so much for a 10,000 point NASDAQ.

The rapid spread of coronavirus has spooked the markets today big time. 

I wonder if this is the start of a major correction. I know I'm not buying right now. Not gonna try to catch a falling knife.

 

[Catwhoshatinthehat]

Had lunch this week with someone whose family runs a business in China.  Initially they weren't hard hit because of the orders from other countries but the fallout from the virus is now hitting them and about 40% of their workforce currently isn't working.  Heard a similar story from someone in a completely different industry that has factories in China.  By some accounts parts of China are more or less shut down or at the very least slowed down.  When that happens to the economy that is the second largest in the world by GDP there's going to be ripple effects across the globe especially once we get through Q1 and numbers start coming in.  

[fan_since79]

Major sell-off in the markets today. Huge drops in the indexes. 

10-year yield plunging to 1.37%. The old "flight to safety" in bonds.

They're blaming this on the upsurge in coronavirus cases in various countries now. 

[Angel Oracle]

5 hours ago, fan_since79 said:

Major sell-off in the markets today. Huge drops in the indexes. 

10-year yield plunging to 1.37%. The old "flight to safety" in bonds.

They're blaming this on the upsurge in coronavirus cases in various countries now. 

Just about all of today's major drop happened within the first 5-10 minutes.

[fan_since79]

We've got another major sell-off going on this morning. The party's over, boys!

Even gold and silver are getting hammered.

Ten-year bond is down to 1.32%. 

Yahoo Finance has a good article showing how mom-and-pop retail investors flooded into the market at the height, chasing stocks like Tesla, and are now exiting quickly. They never learn.

[Angel Oracle]

UCI may need to change their mascot, because if this tanks the market bigtime, there will be bigtime animosity towards the supposed cause of the Coronavirus (anteaters).

[Jay]

On 2/25/2020 at 10:03 AM, Angel Oracle said:

UCI may need to change their mascot, because if this tanks the market bigtime, there will be bigtime animosity towards the supposed cause of the Coronavirus (anteaters asians).

 

[mrwicked]

^ lol.

[fan_since79]

Stocks are falling through the floor. This could be a VERY bad day. The indexes are already in correction territory, down more than 10% from their recent highs. 20% would be a bear market. 

The only good news is we'll be getting much lower gas prices, as oil is also plunging. The markets are perceiving an economic slowdown at best, and a possible recession. 

Ten-year bond down to an all-time low of 1.25%. That's insane.

[T.G.]

[mrwicked]

f*ckin' ovaltine man.

[Lhalo]

Should I put this back in the closet?

[Lou]

7 minutes ago, Lhalo said:

Should I put this back in the closet?

Is there room next to your sexuality?

 

 

 

 

I still got it! 

[Lhalo]

Zing!

[Lou]

[Lhalo]

Futures look like ass this morning. 

[yk9001]

This is a rout.

[fan_since79]

20% is a bear market and if this keeps up we'll be there next week.